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Bajaj Allianz Personal Guard Policy

What is the Plan all About?

The Bajaj Allianz’s Personal Guard is an accident insurance policy that ensures cover against death or bodily injury arising out of an accident.

 

3 variants can be chosen under this plan:

  • Basic
  • Wider
  • Comprehensive

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What are the Key Features?

  • Comprehensive accident cover
  • Cover for Permanent Total/Partial Disability
  • Covers medical expenses
  • Hospital confinement allowance available under the policy
  • Grab cumulative bonus
  • Customize plan as per your need
  • Quick claim disbursement

What are the Plan Benefits?

Policy Benefits

    • Accidental death is covered up to the sum insured opted under the plan.
    • Accidental Permanent total disability (PTD) is covered up to the sub limits specified under the plan. This benefit is only applicable for wider and comprehensive plan.
    • Accidental Permanent partial disability (PPD) is covered up to the sub limits mentioned. This benefit is only applicable for wider and comprehensive plan.
    • Accidental Temporary total disability (TTD) is covered up to the limits specified. This benefit is only applicable for the comprehensive plan.
    • In case of claim under AD/PTD, Children’s Education Bonus is provided for maximum of 2 children below 19 years.
    • Transportation of mortal remains is covered under this policy.
    • In case of claim under AD/PTD/PPD/TTD, Medical expenses are covered up to the limits specified. It is an add-on cover.
    • In case of claim under AD/PTD/PPD/TTD, Hospital confinement benefit is provided for a maximum of 30 days. It is an add-on cover.

Value Added Benefits

    • Get cumulative bonus as 10% increase in sum insured for each claim-free policy year, up to a maximum of 50% and up to 5 years.
    • Get 10% discount on covering 2 or more family members under the plan.
    • Sum insured can be enhanced at the policy renewals.
    • Enjoy portability condition.
    • Lifelong renewability is available under this plan.

Sub Limits

    • Permanent total disability is covered up to 125% of the Sum Insured (SI) opted.
    • Permanent partial disability is covered in a range of 2% to 75% of SI, depending on the disablement.
    • Temporary total disability is covered up to 1% of SI or Rs 5,000 per week, whichever is less.
    • Medical expenses are reimbursed up to actual bills, or 40% of the eligible claim amount, whichever is less.
    • Hospital confinement allowance of Rs 1000 per day is payable.
    • Children’s Education Bonus is payable up to 10% of SI or Rs 5000 for one child and Rs 1000 for 2 children, whichever is less.
    • Expenses for transportation of mortal remains is payable up to 2% of SI or Rs 5,000 whichever is lower.

Waiting Period Clause

    No waiting period is applicable under this policy.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) Adult: 18 Years; Child: 5 Years Adult: 65 Years; Child: 21 Years
Accidental Death Sum Insured Rs 1 Lac Rs 5 Lacs
Cover Type Individual/Family -
Policy Tenure 1 Year 1 Year
Grace Period 30 Days -
Freelook Period 15 Days -
Riders Medical Expenses, Hospital Confinement -
Plan Type Offline -

Exclusions

  • Attempted suicide/self inflicted injury
  • Breach of law with criminal intent
  • Curative treatments/interventions
  • Consequential loss
  • Venereal disease
  • Pregnancy/childbirth related complication
  • War, act of foreign enemies, insurrection
  • Nuclear radiation, etc.