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Bajaj Allianz Launches Combined Insurance Product

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Bajaj Allianz Launches Combined Insurance Product
Anagh Pal - 27 April 2019

Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, have come together to launch their first combi product named Bajaj Allianz Total Health Secure Goal. This insurance plan is designed to take care of customers’ health and life goals, through one comprehensive insurance policy. The goal of the combined policy is to remove the hassles of having two separate policies. A combined product also means a discount on total the premium.

The product is a combination of two existing plans—Health Guard Policy by Bajaj Allianz General Insurance and Bajaj Allianz iSecure from Bajaj Allianz Life Insurance. This combi plan offers customers an additional 5% discount on the total premium payable and provides flexibility of availing service or communication on the product from either of the companies which means, a single touchpoint for all communications. When opting for the policy, a customer has to choose the sum insured under the Health Guard Plan and choose the sum assured and policy term for the iSecure term plan.

The minimum entry age is 18 years and the maximum entry age is 60 years.

Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “I strongly believe that it’s important to have an appropriate health insurance plan and a term insurance plan to have a secured life and a life of dignity. While a health insurance plan ensures financial security in case of any medical exigency, a term insurance plan takes care of financial needs of the family if the insured were to unfortunately pass on. With this thought in mind, we collaborated with Bajaj Allianz Life Insurance to launch Bajaj Allianz Total Health Secure Goal to provide a comprehensive insurance solution to our customers.”

This combi-product will be available across all channels for customers. Underthe Health Guard policy, customers can opt for a Silver or a Gold Plan with a sum insured that ranges between Rs. 1.5 lakh to Rs. 50 Lakh that will take care of hospitalisation expenses incurred by the customer. Bajaj Allianz iSecure offers customers the advantage of a level term cover at a low cost. There is a rebate for a higher sum assured and also a healthy lifestyle which means special premium rates for non-smokers and those who have a high sum assured. iSecure also comes with a joint life option for covering your spouse. The sum assured for iSecure is of minimum Rs 25 lakh and maximum as per board approved underwriting process.

The combination of these two products – Bajaj Allianz Total Health Secure Goal provides a 360 degree insurance solution and comprehensive life and health cover under one policy.

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