Bajaj General Tax Gain Plan: Eligibility, Benefits & Coverage
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Bajaj General Tax Gain Policy

Bajaj General Tax Gain policy is a floater health policy that covers o ...Read More

Up to 25 Cr
Sum insured
1
No. of plans
1100+
Pan India presence
99.23%
Claim settlement ratio
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🛡️ IRDAI Approved
⭐ 4.4/5 · 2,699 reviews
🏥 18,400+ hospitals
📊 3.25 solvency ratio
✅ 99.23% claim settlement

About Bajaj General Tax Gain Policy

A quick read on what this Bajaj General Health Insurance plan covers and why it might be a fit for you.

Bajaj General Tax Gain Plan is a family floater health insurance policy providing coverage for outpatient expenses and hospitalization expenses under a single policy. The plan offers 4 plan variants namely,

  • Plan A - Hospitalization Cover with OPD for self
  • Plan B - Hospitalization Cover Floater with OPD self and Spouse
  • Plan C - Hospitalization Cover with OPD Self and Spouse and sum insured variants of 2 and 3 Lakhs
  • Plan D - For senior citizens Hospitalization is covered with OPD cover for self and spouse

The plan is available for individuals between the ages of 18 years to 55 years for Plan A, B, and C. Whereas for Plan D the entry age criteria is 56 to 75 years.

The policy can be issued for 1/2/3 years with flexible premium payment modes. Policyholders can cover themselves and their spouses under the Bajaj General Tax Gain Plan. 

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
18 to 75 Years
Plan type
Individual and Family Health Insurance
Sum insured options
₹1 L, ₹2 L, ₹3 L
Waiting period
30 Days
Renewability
Lifetime
Policy term
1 | 2 | 3 Years

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Multiple plan options available
  • OPD cover
  • Coverage for senior citizens

Cons

  • ICU charges not covered
  • Pre-hospitalisation not covered
  • No coverage for post-hospitalisation

What's covered

Every CMS-driven coverage flag from the plan wording — only items with a published value render below.

Hospitalization

  • Room rent Not covered
  • ICU charges Not covered
  • Pre-hospitalization Not covered
  • Post-hospitalization Not covered
  • Domiciliary hospitalization Not covered
  • Day-care treatment Covered
  • OPD charges Covered
  • Covid-19 treatment Covered
  • Cataract Covered

Bonuses & restoration

  • No-claim bonus Not covered
  • Automatic restoration of SI Not covered
  • Daily hospital cash Not covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Not covered
  • IVF treatment Not covered
  • AYUSH treatment Not covered
  • Organ donor expenses Not covered

Modern & preventive care

  • Modern treatment Covered
  • Road ambulance Covered
  • Air ambulance Not covered
  • E-consultation Not covered
  • Health check-up Covered
  • Second medical opinion Not covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Applicable
  • Sub-limits Applicable
  • Compassionate travel Not covered
  • Global coverage Not covered

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

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This video explains Bajaj Health Insurance in detail.

Bajaj General Tax Gain Plan Benefits

Insured individuals are entitled to multiple benefits with the Bajaj General Tax Gain Plan that are mentioned below:

  • Plan Variants: Bajaj General Tax Gain Plan offers 4 different types of plan variants with different coverage options. The plan also covers senior citizens offering them OPD coverage and hospitalization cover.
  • Tax Benefits: All premiums paid towards the Bajaj General Tax Gain Plan are eligible to receive tax benefits under Section 80D as per the Income Tax Act of 1961.
  • Daycare Treatment Cover: Bajaj General Tax Gain Plan offers daycare treatment coverage for 130 daycare procedures. Insurance holders can avail of medical care for all the listed daycare procedures as mentioned in the policy schedule.
  • Multiple Discounts: Bajaj General Tax Gain Plan offers multiple long term discount options to insured individuals get a 4% discount for 2 years policy term, and an 8% discount for 3 years policy term. However, in case the premiums paid are opted to be paid in installments the discounts are not applicable.
  • Health Check-ups: Bajaj General Tax Gain Plan offers a health check-up benefit at the end of every continuous period of 4 years.

Sample premium

Indicative premium examples — your actual quote depends on age, declared medical history, sum insured and add-ons.

Bajaj Allianz Tax Gain Sample Premium

For a better understanding of how much premium you need to pay under the Bajaj Allianz Tax Gain Insurance, we at PolicyX.com have calculated the premium amount for different sum insured options based on different family sizes. Refer to the table below:

For 2 Adults

Sum Insured (Rs.) 5L 10L 15L 20L 25L
Premium Payable 13,158 16,443 19,405 21,729 23,906

For 2A+1C

Sum Insured (Rs.) 5L 10L 15L 20L 25L
Premium Payable 16,178 20,226 23,865 26,733 29,406

For 2A+2C

Sum Insured (Rs.) 5L 10L 15L 20L 25L
Premium Payable 19,205 24,007 28,332 31,730 34,904

Inclusions & exclusions

What the plan pays for, and what it doesn't.

Exclusions

  • Permanent diseases or health conditions that are not included under Bajaj General Tax Gain Plan are:
  • Hospitalization out of war, riot, strike, and nuclear weapons
  • Intentional self-injury
  • AIDS
  • Miscarriage, and abortion
  • Congenital disease
  • Infertility and in vitro fertilization
  • Certain diseases and treatments are covered under this plan after a certain time period. Read the details below:
  • Listed ailments after 24 Months
  • Pre-existing diseases after 48 Months

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • 18 to 75 Years

Other features & benefits

Conclusion

Bajaj General Tax Gain Insurance Plan is an OPD insurance plan along with hospitalization expenses cover available in 4 different variants allowing insurance holders to opt and customize their coverage accordingly. 

The plan is a suitable choice for individuals who want coverage against Outpatient expenses.

Bajaj General Tax Gain: FAQs

The 5 most-asked questions about Bajaj General Tax Gain Policy, answered.

The sum insured options available in the Bajaj General Tax Gain Policy are INR 1/2/3 Lakhs.
The eligibility criteria for Bajaj General Tax Gain Policy are: Minimum - 18 Years to 55 Years for Plan A, B and C Minimum- 56 to 75 Years
Yes, all the premiums paid towards the plan are eligible for tax benefits under the Bajaj General Tax Gain Policy.
The coverage benefits available under the Bajaj General Tax Gain Policy are as follows: Daycare Treatments OPD Expenses, Hospitalization Expenses, Pre & Post Hospitalization Expenses, Free Health Check Up and more
Yes, senior citizens are covered under the Tax Gain Policy by Bajaj General.

Conclusion

Bajaj Allianz Tax Gain is a practical health plan for those with regular medical expenses, offering

Explore Bajaj General Health Insurance

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Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 29 Sep 2023 · Originally published: 14 Oct 2024

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