Bajaj Allianz Premium Personal Guard Policy

Policy Benefits

• Accidental Death (AD) is covered up to the 100% of the sum insured and it would be paid to the assigned nominee.
• Permanent total disability (PTD) caused due to accidental bodily injury is covered as per the limits applicable under the plan.
• Permanent partial disability (PPD) caused due to the accident is covered as per the limits mentioned.
• Temporary total disability (TTD) caused due to the accident is covered up to the limits specified. This benefit is payable for a maximum of 100 weeks.
• Accidental hospitalization expenses are covered up to the limits specified. It is an add-on benefit.
• Hospital confinement allowance is provided for maximum of 30 days. It is available as an add-on cover.
• In case of claim under AD/PTD, Children’s Education Bonus is provided for a maximum of 2 dependent children below 19 years.
• Transportation expenses of mortal remains are covered under this policy.

(Note: The claim payment under AD/PTD/PPD, 50% benefit is payable to spouse and 25% benefit is available for each child. The claim payment under TTD, 50% benefit is payable to the spouse.)

Value Added Benefits

• Get cumulative bonus. 10% increase in sum insured on renewal of a claim-free policy year, to a maximum of 50% and up to 5 claim-free years.
• Option to enhance the sum insured is available at the renewals.
• In-house claim settlement team to ensure speedy disbursement of claims.
• Portability benefit is available under this plan.
• Enjoy Lifetime renewability and stay covered against accidental risks.
• Value Added Service (VAS) offer various discount and special offers.
• Access quality treatment at 4000+ network hospitals and 1200+ diagnostic clinics throughout India.

Sub Limits

• Permanent total disability is covered up to 200% of the Sum Insured (SI).
• Permanent partial disability is covered between 2% to 75% of SI, depending on the condition.
• Temporary total disability is payable up to Rs 5,000 per week for Plan A & B. Rs 7,500 and Rs 10,000 per week is payable Plan C & D respectively.
• Accidental hospitalization expenses are covered up to Rs 2 Lacs/3 Lacs/4 Lacs/5 Lacs for Plan A, B, C & D respectively.
• Hospital confinement allowance of Rs 1,000/Rs 1,500/Rs 2,000/Rs 2,500 per day is payable for Plan A, B, C & D respectively.
• Children’s Education Bonus is payable as one-time payment of Rs 5,000 for each dependent child.
• Expenses for the transportation of mortal remains is payable up to Rs 5,000 or 2% of SI, whichever is lower.

Waiting Period Clause

No waiting period is applicable under this policy.