Bajaj Allianz Health Insurance
One of the top insurance companies in both the life and non-life insurance sector, Bajaj Allianz has come a long way since its inception in 2001. Bajaj Allianz General Insurance Company Limited is a joint venture Bajaj Finserv Limited, which is one of India’s leading financial services company, and Allianz SE, which is a leading European financial services company based out of Germany. While the Indian counterpart of the venture holds 76% shares of the company, Allianz SE has a shareholding of the remaining 26% stake in the company. Bajaj Allianz has a good market reputation of being service-efficient and offering products which are well-tuned to the market requirements. Bajaj Allianz General Insurance Company deals in various forms of general insurance products which include:
While the first four insurance products are designed for the retail sector, the company also caters to the insurance requirements of the corporate sector. Marine insurance, property insurance, liability insurance, energy insurance, employee benefits insurance, etc. are some of the company’s offerings in the commercial insurance segment.
In respect of health insurance products, the company has a product designed for every health related need of the individual. The following plans form the part of the company’s health insurance kitty:
Health Guard Plan – a comprehensive health plan offered in both individual and family floater variant.
Extra Care Plan – a top-up health plan which helps in increasing the coverage level considerably without much increase in premium.
Premium Personal Guard Plan – a personal accident policy covering death or disability suffered due to an accident.
Critical Illness Plan – a plan designed for illnesses which are critical in nature and which involve huge expenses.
Health Care Supreme Plan – another health plan for your health care needs.
Hospital Cash Plan – a plan which provides a daily allowance for each day of hospitalization.
Silver Health plan – a plan designed for senior citizens
Star Package Plan – a comprehensive plan which covers health insurance, home insurance and other insurance risks in one.
Health Ensure Plan – a health plan
Tax Gain – a family floater plan to save tax
Critical Illness for Women – a critical illness plan designed especially for women-related illnesses.
Not only Bajaj Allianz offers a range of different health insurance plans, the company is also financially stable. If we look at the financial details of the company –
The company’s Profit After Tax for the year ending 31st March 2016 was 564 crores
For the same time period, the Gross Written Premium was Rs.5901 crores
In terms of business growth compared to previous years, the company posted a growth in its Gross Written Premium at 11.3% in the year 2015-16 compared to the year 2014-15. Similarly, the Net Worth of the company grew by 25.4% in 2015-16 compared to the last financial year.
With such a strong financial position of the company and a good profit earning return, the company definitely maintains its leadership position in the insurance market.
Why our users love us?
Understanding the various terms and complexity of buying a health insurance always bothered me and I always left the transaction mid-way. 121Policy is explanatory and easy to comprehend.
Tech Lead,Internet Startup
Pretty good site. I liked the fact that it works smoothly on mobile. It’s easy to navigate through various options. The filters thing is helpful in deciding.
"Simple and Easy"
I love this site. Have been procrastinating for long about buying insurance for my parents. This site makes it easy to understand everything.
The site is intuitive and easy to use. As easy as someone doing it for you personally.
"Great Post-Sales Team"
I had a lot of questions with respect to claims process. The support team was helpful in answering the doubts. I would have spent searching endlessly on the web otherwise
One of the most efficient support team I have spoken to. Understands the question with little effort and gets the work done. Highly recommended.
Paints and Chemical Trader,