Bajaj Allianz General Insurance has launched a modular health insurance product providing customised packages, together with flexibility to decide on companies and premium. In the motor insurance coverage area, which is the mainstay of normal insurers, already such plans are in place providing decrease premium on decrease utilization of the automobile.

Tagged ‘My healthcare plan‘, the brand new medical insurance product is an umbrella product that provides customisable packages, together with the pliability to decide on the covers in keeping with one’s wants, and in addition the liberty to design their very own well being care plan based mostly on which the premium can be decided, the Pune-based firm mentioned in an announcement on Wednesday.

The plan additionally consists of necessary coverages like in-patient hospitalisation bills, pre- and post-hospitalisation bills, modern treatment strategies and development in applied sciences, organ donor expenses, ayurvedic and homeopathic hospitalisation cowl, maternity package expenses, and airlift cowl, amongst others. The maternity plan additionally covers the surrogate mom in addition to the problems of assisted reproductive procedures.

Another spotlight is the child care cowl, beneath which the new child child is roofed from the primary day of delivery till the expiry of the coverage. Standout options of the product embrace the OPD sum insured of twice the bottom premium paid.

The coverage additionally presents three non-compulsory covers – lack of earnings cowl, main sickness and accident multiplier covers and worldwide cowl.

Under this product, we can be introducing a number of plans incrementally, beginning with plan 1 the place the shoppers can package deal the coverage to their necessities, Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance, mentioned.