Bajaj Allianz Global Guard Policy

Policy Benefits

• Accidental Death (AD), if it occurs within 12 calendar months from the date of the accident is covered up to the sum insured chosen under the plan.
• Permanent total disability (PTD), if occurs within 12 calendar months from the date of the accident is covered as mentioned in the policy schedule.
• Permanent partial disability (PPD), if occurs within 12 calendar months from the date of the accident is covered as per the limits mentioned.
• Transportation expenses of mortal remains are payable under this policy.
• Funeral expenses are payable under this policy.
• If the insured person is disappeared following an accident for 12 months, it shall be deemed as died in such accident and an amount equal to accidental death benefit is paid.
• In case of PTD, lifestyle modification benefit is payable up to the limits specified in the policy.
• 12 optional covers are available on payment of additional premium which are Accidental Hospitalization Expenses, Adventure Sports Benefit, Air Ambulance Cover, Child Education Benefit, Coma Due to Accidental Bodily Injury, EMI Payment Cover, Fracture Care, Hospital Cash Benefit, Loan Protector Cover,Loss of Income due to Disability from Accident, Road Ambulance Cover and Travel Expenses Benefit.

Value Added Benefits

• Avail cumulative bonus. 10% increase in sum insured per annum on renewal of a claim-free policy year, to a maximum of 50% and up to 5 years.
• Sum Insured can be enhanced at the policy renewal.
• In-house claim settlement team to ensure quick and hassle-free settlement of claims.
• Enjoy portability benefit.
• Lifetime renewability is available under this plan.
• Get 10% discount on opting family cover.
• 4%/8% discount on choosing 2/3 years policy term.
• 20% employee discount is also available.
• 10% discount on buying the policy online.
• Access treatment at 4000+ network hospitals across India.

Sub Limits

• Lifestyle modification benefit is payable up to 2% of the Sum Insured (SI) as a lump sum amount.
• Permanent partial disability is covered between 2% to 75% of SI, depending on the disability occurred.
• Expenses for the transportation of mortal remains is payable up to 1% of SI as a lump sum benefit.
• Funeral expenses are covered up to 1% of SI as a lump sum benefit.

Waiting Period Clause

No waiting period is applicable under this policy.