My company offers a Bajaj Allianz corporate health policy, and we have the option to add riders for Maternity and OPD coverage by paying an extra premium. I’m trying to decide if they’re worth the cost. Is the maternity cover useful, and does the OPD rider actually save you money?
Deciding whether to opt for riders like Maternity and OPD in your Bajaj Allianz corporate health insurance depends entirely on your personal life stage and medical needs. The Maternity rider is incredibly valuable if you’re planning a family due to the waived waiting period, while the OPD rider’s worth is a direct calculation of your expected yearly medical expenses versus its cost.
Evaluating the Bajaj Allianz Corporate Maternity Rider
A colleague of mine was planning for a baby and opted for the maternity rider in our company’s Bajaj Allianz plan. The extra premium was just a few thousand rupees for the year. His wife’s delivery costs came to around ₹65,000, and the policy covered the full sub-limit of ₹50,000. The best part was that there was no waiting period, a benefit impossible to find in a personal policy where you usually have to wait 2-4 years. For them, it was absolutely worth it.
credits : Health Prime Rider – Wellness, Medical Tests & Fitness Benefits
When the Corporate Maternity Rider Is Not Worth It
On the other hand, another team member, who is single and not planning a family anytime soon, chose not to take the maternity rider. He felt that paying extra premium for a benefit he had no intention of using in the policy year was a waste of money. It’s a clear-cut decision: if family planning isn’t on your immediate horizon, you can save money by skipping this particular add-on.
Calculating the Value of the Corporate OPD Rider
I was skeptical about the OPD rider myself until I did the math last year. The rider cost me about ₹8,000 extra in premium and offered a ₹15,000 limit for my family. Between my kid’s frequent pediatrician visits for seasonal flu and my parents’ regular blood tests and consultations, we easily cross ₹15,000 in out-of-hospital bills annually. So for our family, it’s a net saving, and the premium is tax-deductible too.
Who Should Skip the Corporate OPD Rider?
My roommate, who is young, single, and rarely visits a doctor, decided against the OPD rider in his company’s plan. He figured his annual out-of-pocket medical expenses are typically less than ₹2,000. For him, paying a much higher premium for an OPD benefit he likely wouldn’t use to its full extent didn’t make any financial sense. He preferred to just pay for his occasional consultations himself.
1 Like