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Bajaj Allianz General Insurance unveils surgical protection plan

Bajaj Allianz General Insurance, an India-based private general insurer, has rolled out its latest health insurance offering known as the Surgical Protection Plan, to offer cover for surgical treatments.

The new plan promises a guaranteed benefit amount depending on surgical treatment that is graded based on the costs and covers around 600 surgeries.

According to the insurer, the product delivers 11 plans with sum insured ranging from INR1lakh to INR1m.

The policy, which can be selected apart from the hospitalization policy or any other health policy, offers add-on covers like hospital cash, critical illness and personal accident cover.

Bajaj Allianz General Insurance managing director and CEO Tapan Singhel said, "We realized that our existing health plan covers a wide range of medical expenses other than costs related to pure surgeries.

"Since cost related to surgeries form a major part of medical expenses, a common man’s biggest requirement is to cover these expenses. So, we innovated and brought in a new product which covers surgeries at a very reasonable cost."

The underwriter said a fixed amount is payable for surgeries that are categorized into various grades including minor, major and supra major and daycare procedures. Furthermore, the plans take into account the average costs for such surgeries in various regions.