Bajaj Allianz Term Plan for Diabetics

Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is a protection plan specially designed to provide term insurance coverage to pre-diabetics and Type-II diabetics (by taking health conditions into consideration). This plan allows diabetics to ensure that their families have all the important resources to continue living their normal lives, in case of absence of a sole earner.

Read more
Diabetic? Get Covered now!

Exclusively Designed for Diabetics

Term banner Diabeties
Guaranteed
Claim Support

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

Diabetic? Get Covered now!
Exclusively Designed for Diabetics
Guaranteed
Claim Support
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Top Diabetic Plan

BAJAJ
Bajaj Allianz Life Diabetic Plan

Life Cover

1 Cr

Claim Settlement

99.0%

Disclaimer: +The above plan is for *1 Cr sum assured +Standard T&C Apply. Price would vary basis your profile. Prices offered by the insurer are as per the IRDAI-approved insurance plans. Policybazaar does not rate, endorse or recommend any particular insurer or insurance product offered by the insurer

** HbA1c is called glycated haemoglobin: It is a blood test that examines what is your average glucose (blood sugar) level over the last 2 to 3 months.

Key Features of Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c

  • This term insurance plan is specifically designed for Individuals with Prediabetes and Type-2 diabetes (having HbA1c level ≤ 8%).

  • Plan offers comprehensive financial stability to your loved ones

  • Flexibility to select from a number of premium payment frequencies

  • ‘Keep fit benefit’ helps improve your health and you get the flexibility of discounts on premiums on completing the policy year

  • Services regarding health management will also be provided via medical consultations, webinars, etc., to help customers in managing their diabetes and health.

  • Low premium rates for individuals who are non-tobacco users

  • Get tax benefits as per the prevailing laws of the Income Tax Act, of 1961.

How does The Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c Work?

Step 1: Choose your sum assured: Assess the protection level by choosing the sum assured amount you need to secure the future of your family.

Step 2: Select your policy Term: Choose the time for which you wish to receive a life insurance protection. You are required to pay the premium amounts throughout the policy tenure to continue the life cover.

*Policy term and premium payment term are equivalent under this plan

Step 3: Select your premium payment frequency: You can choose to pay your premium amounts monthly or yearly, depending on your convenience.

Step 4: Click on ‘Check Premium’

Step 5: Fill in your basic details (email address, salary, pincode etc.). Answer Health questions as per your health condition (The premium amount will depend on your age, sum assured, gender, smoker status, HbA1c, health status, premium payment frequency, policy term, etc. ). Click on proceed to get your premium

Eligibility Criteria of The Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c

Parameters Minimum Maximum
Entry age 30 years 60 years
Maturity Age 35 years 75 years
Policy Term 5 years 25 years
Premium Payment Term Regular Premium
Premium Payment Frequency Yearly
Half-yearly
Quarterly
Monthly

Benefits of Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c

  1. Death Benefit

    In case of the life assured’s death during the policy tenure, provided the plan is active, your legal heir/nominee will get the sum assured on death chosen at the policy’s inception. The plan will terminate on the life assured’s death.

    SA on death is explained as the highest of:

    • Sum assured

    • 10X of annualized premium

    • 105% of the total amount of premium paid till the death date

  2. Maturity Benefit

    As it is a pure-term plan, no benefit shall be paid in case of survival till the date of maturity. The plan will terminate on the date of maturity.

  3. “Keep fit” Benefit

    This benefit encourages you to take measures to improve your health quality. Improving the parameters of diabetes from the last revival date or policy inception (whichever is later), this benefit helps to get a discount of 10% on your premium installment on the plan anniversary.

Policy Details: Terms & Conditions

  1. Free Look Period

    A free look period of 15 days from the receipt date of the policy documents and 30 days of time in case of policies obtained from distance mode or electronic policies is provided to review the terms and conditions of the plan. If you do not agree with these T&Cs, you have the option to return the plan for cancellation, mentioning the reasons for objection, and then a refund of regular premiums will be paid (excluding applicable taxes).

  2. Grace Period

    If you forget to pay premiums by the due date mentioned, you will be provided with a grace period of 30 days for yearly, half-yearly and quarterly payments and 15 days for monthly payment frequency to pay the due amount of premium. The life assured will be covered for the death benefit during the grace period. In case of death during the grace period, the outstanding premium amounts will be deducted from the paid benefits.

  3. Non-payment of premiums

    In case you have failed to pay the due amount of premium before the expiration of the grace period, then, your plan will lapse at the grace period expiration and no other benefits will be paid under this plan.

  4. Revival

    You have the option to revive the plan under certain conditions if your policy gets lapsed because of non-payment of premiums. A written notice for revival is made within 5 years from the due date of 1st unpaid premiums.

Exclusions

In case of a life assured's death because of suicide within 1 year (12 months) from the commencement date of risk or recent policy revival date (whichever is later), the beneficiary/nominee of the policyholder shall be eligible to receive 80% of the full premium amount paid in form of the death benefit under the plan, provided the policy is active.

Different types of Plans



Term insurance articles

  • Recent Article
  • Popular Articles
22 Feb 2024

Tata AIA 50 Lakh Term Insurance

Ensuring the financial well-being of your family requires

Read more
22 Feb 2024

SBI Life 75 Lakh Term Insurance

SBI Life Insurance Company offers a variety of sum assured to

Read more
22 Feb 2024

Kotak 50 Lakh Term Insurance

Securing your family's financial future involves detailed

Read more
22 Feb 2024

SBI Life 70 Lakh Term Insurance

Many people are confused about the ideal life cover amount and

Read more
22 Feb 2024

PNB 50 Lakh Term Insurance

Securing your family's financial stability involves thoughtful

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
12 Jun 2018

Claim Settlement Ratio of Term Insurance Plan Providers

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL