Bajaj Allianz Life launches India’s first term plan for Type 2 diabetics & pre-diabetics

The term plan comes with ‘Keep Fit’ benefit offering flexibility of premium reduction on policy anniversary

To empower diabetic individuals and enable them to have peace of mind about securing the life goals of their loved ones, Bajaj Allianz Life has launched an exclusive term plan, Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, designed as a non-linked, non-participating, individual, pure risk premium life insurance plan.

The plan offers life insurance coverage by factoring in the nuances of the health condition of those having diabetes. For pre-diabetic or Type 2 diabetic individuals whose HbA1c is up to 8 per cent the comprehensive plan will enable them to provide financial security for their loved ones.

Speaking at the launch, Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “As Life Goals enablers we continue to innovate and challenge ourselves, so that more individuals can secure their life goals. With this first-of-its-kind term plan designed for diabetics, I’m happy that we will be able to help several Indians secure their family’s long-term financial plans by giving them the well-deserved peace of mind. We will also provide our diabetic customers an eco-system to manage and maintain their health. We understand that they do a lot to control their insulin levels, and as compatriots in their journey we will offer a 10 per cent reduction in premium on their policy anniversary for meeting their health goals.”

Another unique feature of Bajaj Allianz Life’s Diabetic Term Plan Sub 8 HbA1c is that it will incentivise individuals to keep a check on their HbA1c and keep improving it. This will ensure they can avail a unique 10 per cent reduction on renewal premiums at policy anniversary.

Health management services will also be provided through webinars, medical consultations, etc. to support customers to manage their diabetes and general health.