Bajaj Allianz unveils new health, life cover

Mumbai: Bajaj Allianz Life has rolled out a product called `Bajaj Allianz Care First'' which provides health as well as life cover. This plan provides a common sum assured which can be utilised in case of hospitalisation cover for treatment in addition to a life cover benefit on the death of the policy holder, said a press release. The sum assured cover ranges from Rs 1 lakh to Rs 7 lakh. Bajaj Allianz Life Insurance in association with Medicare TPA services will issue photo identity cards to all the insured members, which will facilitate cashless hospitalisation at empanelled hospitals all over India. The cashless treatment is available across 2,000 hospitals in 200 towns. Individuals between 18 to 56 years can buy this policy, which can be renewed up to the age of 65. All treatment pertaining to critical illness is covered under this plan.