Bajaj Allianz Advantage - Travel Insurance

Bajaj Allianz Advantage -

Bajaj Allianz is the only private general insurer in India to have an in-house team for handling Travel insurance Claims. This provides the following benefits to the customer:
•    International toll-free phone and fax number
•    24×7 availability
•    Direct relationship with the customer and direct communication with hospitals in case of requirement of documents
•    Quick settlement of claims
•    Faster resolution of dispute and faster decision making on admissibility of claims

Claim process

•    Claim is intimated by the customer through international toll free number which lands at the call center in India. In case, a call cannot be made, the claim can be intimated through email.
•    On receiving the claim intimation, an Itrack is generated, which in turn automatically triggers a mail to the claimant informing them of the claim process, necessary documents required and provide them the claim form and other forms required. The same mail is also sent to the hospital in case of medical exigencies.
•    A mail is also sent to the email id of the Claims team so that contact details of the claimant can be verified.

Retirement plan - A plan offers the flexibility

Bajaj Allianz Life Insurance has launched a traditional money-back plan – Bajaj Allianz Cash Rich, Retirement plan which gives guaranteed cash back of 5% of the sum assured after completion of premium payment term. The plan is a limited premium payment, participating plan that provides cash benefits at three stages of the policy life cycle.

The plan offers the flexibility to select your policy term from 10 years to 65 years depending on your financial need and select your limited premium payment term (PPT) from 5 years to 30 years, in multiple of 5 years only. The plan also offers a discount for premiums paid in advance, which is declared by the company every year. The rate of discount for FY 10-11 is 7% p.a. compounding annually.

Other Features

·         Keep your policy in-force for full sum assured for a period of two years, even if you miss to pay your premiums on due dates, provided you have paid at least 3 year’s premiums in full.

·         Convert your policy to a “single premium term cover with return of premium (ROP)” policy, if you miss to pay your premiums on due dates provided you have paid at least 5 years’ premiums in full.

·         Get more value for money with attractive high sum assured rebate

·         Optional riders to enhance your protection

 

Best investment online and Smart Save Plan

This initiative has been quite instrumental in bringing transparency in product information dissemination and increase channels for investors to reach insurance service providers. This has simplified the entire insurance process as it has reduced fear about the insurance category and has encouraged people to take their own decisions. 

Some of our plans which are available best investment online are Smart Save Plan, Young India Plan and Anytime Plan.

Though most people worry about the fact that whether purchasing an online insurance policy is safe or nor, it is to be noted that now strict internet security rules are in action. Thus, you can be sure of any online insurance transaction.

We at IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and UK’s Legal & General, offer all our products to be purchased through our website ‘LifeStore’, which is a complete do-it-yourself site for understanding and buying insurance. The site has been designed to be customer friendly helping in simplification of insurance and encouraging customers to make their own informed insurance decision.

 

Travel insurance can resolve many worries

Most travellers assume that foreign exchange is as simple as presenting their money to a money exchange service, and getting back the local currency of the place they’re visiting. But as it turns out, it isn’t that simple, and unless you’re careful, you could lose out on a lot of money in the exchange process. Although there are a variety of ways in which you can carry money abroad – cash, ATM cards, credit cards and traveller’s cheques – each of them carries its own pitfalls.

Money is the most basic of all travel necessities. Having money troubles when abroad is a traveller’s worst nightmare, seeing as there’s no shortage of risks – theft, misplacement, overspending, unforeseen expenses, etc.  While travel insurance can resolve many of these worries, the greatest, hidden danger of dealing in currency abroad is – exchange rates.