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bajajhealthemicard · 1 year

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Parents Health Insurance by Bajaj Finserv Health

Bajaj Finserv Health is a subsidiary of Bajaj Finserv Limited, one of India's leading financial services companies. Bajaj Finserv Health offers a wide range of health insurance products, including the Parents Health Insurance policy, which is designed specifically to provide coverage for the medical needs of elderly parents.

As people age, they are more prone to health issues, and the cost of medical treatment also increases. In such a scenario, having a comprehensive health insurance policy that covers the expenses of medical treatment becomes essential. Bajaj Finserv Health's Parents Health Insurance policy is an ideal option for those looking to secure the health of their parents in their golden years.

Key Features of Bajaj Finserv Health Parents Health Insurance Policy:

Comprehensive Coverage: The Parents Health Insurance policy offers coverage for hospitalization expenses, including room rent, doctor's fees, nursing expenses, operation theatre charges, ICU charges, and more.

Pre-Existing Diseases: The policy also covers pre-existing diseases that parents may have, subject to the policy's terms and conditions.

Ambulance Cover: In case of emergency, the policy covers ambulance charges up to Rs. 2,500.

Cashless Hospitalization: The policy offers cashless hospitalization facility across a wide network of hospitals.

Tax Benefits: The premium paid towards the policy is eligible for tax benefits under Section 80D of the Income Tax Act, 1961.

Renewability: The policy can be renewed for a lifetime, subject to timely payment of premiums.

No Medical Check-up: The policy does not require any medical check-up until the age of 65 years.

Optional Add-ons: Bajaj Finserv Health also offers optional add-ons such as critical illness cover, personal accident cover, and hospital daily cash benefit, among others, to enhance the coverage of the policy.

Benefits of Bajaj Finserv Health Parents Health Insurance Policy:

Peace of Mind: The Parents Health Insurance policy provides peace of mind by offering comprehensive coverage for the medical needs of elderly parents.

Financial Protection: The policy provides financial protection against the high cost of medical treatment, which can be a significant burden on the family's finances.

Cashless Hospitalization: The cashless hospitalization facility makes it easy for the insured to avail of medical treatment without worrying about arranging for cash at the time of hospitalization.

Tax Benefits: The policy offers tax benefits under Section 80D of the Income Tax Act, which can help reduce the tax liability.

Lifetime Renewability: The policy can be renewed for a lifetime, which means that the insured can avail of coverage for the medical needs of their parents for as long as they live.

Optional Add-ons: The optional add-ons offered by Bajaj Finserv Health can further enhance the coverage of the policy and provide additional benefits to the insured.

How to Buy Bajaj Finserv Health Parents Health Insurance Policy:

Buying the Parents Health Insurance policy from Bajaj Finserv Health is a simple and hassle-free process. The policy can be purchased online by following these steps:

Visit the Bajaj Finserv Health website and select the Parents Health Insurance policy.

Enter the required details such as the insured's name, age, contact details, and medical history.

Choose the sum insured and the optional add-ons, if any.

Make the payment using a debit/credit card or net banking.

The policy documents will be sent to the insured's registered email address.

Conclusion:

Bajaj Finserv Health Parents Health Insurance policy is an ideal option for those looking to secure the health of their elderly parents. The policy offers comprehensive

#Parents Health Insurance

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bajajhealthemicard · 1 year

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Bajaj Health Insurance: Protection for Your Health

Health insurance is an essential aspect of a person's financial planning. It provides protection against unexpected medical expenses and offers peace of mind to the policyholder and their family. Bajaj Finserv Health offers comprehensive health insurance plans that cover various medical expenses and provide financial support during medical emergencies.

Bajaj Finserv Health provides two types of health insurance plans - individual and family floater. The individual health insurance plan offers coverage for a single person, whereas the family floater plan provides coverage for the entire family. The plans come with a range of benefits, such as cashless hospitalization, no-claim bonus, and tax benefits.

One of the key features of Bajaj Finserv Health insurance is its extensive network of cashless hospitals. The insurer has tie-ups with over 6,500 hospitals across India, making it easy for policyholders to avail of cashless treatment without worrying about paying upfront medical expenses.

Another benefit of Bajaj Finserv Health insurance is the no-claim bonus. Policyholders who do not make any claims during the policy period are eligible for a no-claim bonus, which can be used to reduce the premium for the following year. This incentivizes policyholders to stay healthy and avoid making unnecessary claims.

Bajaj Finserv Health insurance plans also offer tax benefits under Section 80D of the Income Tax Act. Policyholders can claim a deduction of up to Rs. 25,000 on the premium paid for themselves, spouse, and dependent children. Additionally, an additional deduction of Rs. 25,000 is available for the premium paid for parents below the age of 60 years. For parents above the age of 60 years, the deduction limit is increased to Rs. 50,000.

In conclusion, Bajaj Finserv Health insurance provides comprehensive coverage for medical expenses, cashless hospitalization, and tax benefits. With its extensive network of hospitals and no-claim bonus, it offers peace of mind to policyholders and their families. It is an excellent investment in one's health and well-being and is an essential aspect of financial planning.

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