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Health Insurance ReviewREXI Analysis 2026
Bajaj Allianz Health Guard
One of the most affordable comprehensive plans for individuals and families.
3.9/5(140 reviews)
Claim Ratio: 93.08% (FY 2023-24)
Overview
Bajaj Allianz Health Guard is a value-for-money plan offering comprehensive hospitalization coverage with a clean claim settlement history. It features flexible sum insured options from ₹1.5L to ₹10L and a decent hospital network across India.
Room Rent Limit
1% of sum insured per day
⚠ Proportionate deduction applies if exceeded
Best For
Budget-conscious individuals and young families wanting solid base coverage without paying premium pricing.
What We Like
- Competitive premiums for individual and family floater
- Lifelong renewability guaranteed
- Day care procedures and pre/post hospitalization covered
- No co-payment clause for most age groups
Watch Out For
- Room rent limit applies — triggers proportionate deduction
- Network hospitals smaller than Star or HDFC ERGO
- OPD not covered in base plan
- PED waiting period up to 48 months on older policies
Products Offered
Health Guard GoldHealth Guard SilverGlobal Personal Guard
Disclaimer: This review is based on publicly available information, IRDAI data, and REXI's policy analysis. Ratings are our editorial opinion. This is not financial advice — always read the full policy document before purchasing. Claim settlement ratios are sourced from IRDAI Annual Reports.