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Last updated on: September 19, 2025
The Bajaj Allianz Health Guard Family Floater Plan is a comprehensive health insurance policy designed to cover the medical expenses of your entire family under a single sum insured. Covering hospitalization, pre- and post-hospitalization costs, daycare procedures, organ donor expenses, and ambulance charges, the plan caters to both individual and family needs. It offers sum insured options ranging from ₹1.5 lakh to ₹1 crore, flexible policy terms (1, 2, or 3 years), and lifelong renewability. Additional benefits include free preventive health check-ups, maternity and newborn cover (in select variants), and cashless treatment at a wide network of hospitals. Customizable add-ons and tax benefits under Section 80D enhance its value, making it a suitable choice for families seeking extensive and flexible health insurance coverage.
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Bajaj Allianz Health Guard Family Floater Plan is a complete health insurance plan of Bajaj Allianz General Insurance that is aimed at covering your whole family under a single unified insurance cover. In 2025, with the increasing medical expenses and the necessity of quality healthcare, the Health Guard Family Floater Plan is one of the most popular, trusted health insurance plans in India offering a comprehensive coverage under one sum insured to the Indian families.
This family floater medical policy would enable you to cover your spouse, dependent children and parents under one plan and healthcare management would be smooth and economical. It facilitates cashless claims in thousands of network hospitals in India, provides preventive health benefits, simple renewals, and online policy management.
Did you realise? Indian Insurance Industry statistics in 2024 show that over 60 percent of urban families are opting to take family floater health insurance instead of individual insurance policies because it is less expensive and easy to administer.
This policy will suit you perfectly in case:
Example
Rajesh is a 38-year-old salaried employee in Pune and he had insured his wife and two children through the Health Guard Family Floater Plan. In 2024, his wife had surgery and all the costs were paid without cash in a partnered hospital. His family also got a free annual health check up as his bonus.
Did you know? Most policyholders fail to utilize preventive check-up benefits covered by their policy that could be used to diagnose lifestyle diseases at an early stage.
Each health insurance policy has some exclusions. The major exclusions with this plan are:
Insider Knowledge Insurers are constantly revising their exclusion list. Ensure that you check latest policy document or consult an insurance advisor before purchasing a policy.
When you opt for the family floater plan, all covered members share a single sum insured (e.g. Rupees 5 lakh or 10 lakh). Any member can make claims until the limit of the year has been exhausted.
Case Study
Priya and her husband had insured a policy of 10 lakh sum insured. Priya was admitted to the hospital following an accident and her hospital bill amounted to 4 lakh. Her husband was operated on 3 months later which cost 5 lakh. Both were insured and they had 1 lakh left to use in the year in case one of the family members needed it.
Pros
Cons
People Ask
Q: What should be done in case one of the family members requires high coverage?
A: In case your family is at a greater risk of health, you may want to take higher sum insured or purchase extra top-up health insurance.
| Characteristic | Family Floater Plan | Individual Plan |
|---|---|---|
| Sum Insured | Shared | Separate each |
| Members Covered | Up to 6 | Self only |
| High | Affordable | More when more than one |
| No-cash Hospitals | Yes | Yes |
| No Claim Bonus | Yes | Yes |
| Maternity/Newborn Cover | Optional Add-on | Not usually included |
| Flexibility (adding age groups) | Some restrictions | High flexibility |
Expert Tip A floater is cost effective to young families but when one of the family members is much older or sick, then it may be a good idea to think of separate policies.
Did you know? Intelligent policy purchasers visit aggregator or review sites to compare health insurance policies and make a final purchase decision to get the best bargain on the coverage and claim settlement ratios.
They can be chosen at an additional premium according to the requirements of your family.
| Entry Age (Adult) | 18 to 65 years (no exit) | | Entry Age (child) | 3 months to 25 years | | Sum Insured Options | 1.5 lakh to 1 crore | | Number of Family Members | Up to 6 | | Premium Example | Starts at Rs 8,000 for 2A2C/5 lakh sum insured for 1 year | | Policy Tenure | 1, 2, or 3 years |
Premiums can be different according to age, medical history, city.
Case Study
A couple of IT professionals in Bangalore took maternity and critical illness riders to their plan in 2025. Their policy covered the spouse surgery in case of critical illness as well as delivery in a premium hospital which was cashless through the Bajaj Allianz mobile application.
Did you know? Digital claim intimation makes the average claim approval time less than 3 hours in large cities of India.
People Also Ask
Q: Will I be able to add a family member once the policy has started?
A: Yes, mid-term additions are possible (like newborn child), subject to insurer’s terms.
Q: What will happen when I move to a different city?
A: That is not a problem; Bajaj Allianz Health Guard is all-India coverage within the Bajaj Allianz network of hospitals.
Compare the Bajaj Allianz Health Guard Family Floater Plan on online financial market places. These will enable you to:
Expert Insight Buying online guarantees immediate documentation, safe payment and 24 hours a day 7 days a week policy servicing.
The Bajaj Allianz Health Guard Family Floater Plan 2025 is a tailor-made plan that ensures the protection of Indian families at a reasonable cost with a big network hospital coverage, preventive benefits, and other useful add-ons. Compare online, ensure your family needs, choose the correct sum insured and maintain your policy up to date to ensure a lifetime security.
Q: What is the maximum number of family members that I can cover in Bajaj Allianz Health Guard Family Floater Plan?
A: Up to six members (self, spouse, four dependent children) under one policy.
Q: How long is the waiting period of maternity cover?
A: It is typically 24 to 48 months but it depends on the plan and add-ons.
Q: Do parents-in-law qualify to be covered?
A: Yes, a lot of plans will permit parents or parents-in-law as separate floater policies.
Q: Am I entitled to free medical check-up annually?
A: Yes, there is annual health check up at empanelled diagnostic centers.
Q: What is the process of tracking my hospitalization claim?
A: You can get live updates by visiting your Bajaj Allianz customer portal or application.
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Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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