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Bajaj Allianz Diabetic Term Plan
Bajaj Term Insurance
Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Bajaj Life Diabetic Term Plan II Sub 8 HbA1c is a protection plan that ...Read More
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About Bajaj Life Diabetic Term Plan Sub 8 HbA1c
A quick read on what this Bajaj Term Insurance term plan covers and why it might be a fit for you.
Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individuals by considering all the nuances of their health status. The plan ensures the financial safety of the family members in case the sole earner of the family is absent. This term insurance for diabetic patients comes with a plethora of health management services along with the promise of term insurance protection.
Bajaj Diabetic Term Plan II Sub 8 HbA1 Plan offers you a range of benefits including:
- Death Benefit
- Tax Benefit
- Health Management Services
- Premium Rebates/Discounts
Eligibility Criteria for Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Entry age
Minimum Age - 30 years Maximum Age - 60 years
Maturity age
Minimum maturity age: 35 years Maximum Maturity Age - 75 years
Policy term
Minimum term - 5 years Maximum term - 25 years
Sum assured
Base sum assured: Rs 25 lakhs to no limit.
Policy loan
The policy loan is not available under Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Payment Modes
Annual, half-yearly, quarterly & monthly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Premium Reduction on Renewal
- Good Health Premium Discounts
- Health Management Services.
Cons
- No Maturity Benefit
- No Surrender Value
- Limited Coverage With Hba1c Level Above 8%
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
Bajaj Life Diabetic Term Plan Full Details | Term Insurance for Diabetics
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age -30 Years
Max Entry Age- 6 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - LP
How Does Bajaj Life Diabetic Term Plan II Sub 8 HbA1 Work?
Let's understand how the Bajaj Life Diabetic Term Plan II Sub 8 HbA1 works with a simple premium illustration.
Problem
Mr. Rahul is a diabetes patient and wants to purchase a term insurance plan for himself. He is looking for a plan that will offer him health benefits and and health coach as well.
Solution
His financial advisor advised him to buy the Bajaj Life Diabetic Term Plan II Sub 8 HbA1. He visited PolicyX.com
Let's understand how the Bajaj Life Diabetic Term Plan II Sub 8 HbA1 Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 35 years | Rs 10,729 | 10 years | 10 years | Rs 1,07,290 | Rs 50 lakhs |
Key Takeaways: In case of Mr. Rahul's demise during the policy tenure, Rs 50 lakhs will be paid to their nominee.
Features of Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Key features that make Bajaj Life Diabetic Term Plan Sub 8 HbA1c stand out.
Surrender Value
No surrender value is applicable under this policy. The policy will terminate on the date of surrender.
Grace Period
If you have failed to make payment of the premium by the due date specified, you will be allowed a grace period of thirty (30) days for premium payment frequencies other than monthly mode and fifteen (15) days for monthly frequency to pay the due premium.
Free Look Period
There is a free look period of fifteen (15) days from the date of receipt of this Policy Document and a period of thirty (30) days in case of electronic Policies and Policies obtained through distance mode.
Option to Change Premium Payment Frequency
You will have the option to change the prevailing premium payment frequency at any policy anniversary, during the policy term, subject to the availability, then, of the premium payment frequency and the minimum premium allowed under the product.
Benefits of Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Here are the key benefits of the Bajaj Life Diabetic Term Plan Sub 8 HbA1c.
Death Benefit
In case of death of the insured life, the death benefit states that the nominee or legal heir is entitled to receive the sum assured as chosen by the policyholder at the time of inception.
Keep Fit Benefit
This benefit offers individuals the benefit of premium reduction on policy anniversary as well as encourages individuals to keep fit and healthy.
Tax benefits
Bajaj offers term insurance tax benefits under section 80C of the Income Tax Act,1961 for up to 1.5 lakhs of the total premiums paid in the same financial year.
Exclusions of Bajaj Life Diabetic Term Plan II Sub 8 HbA1Plan
Here is the list of exclusions associated with the plan:
- The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
Conclusion
Bajaj life term plan for diabetic Sub 8 HbA1c can be availed by anyone who is pre-diabetic or a type-2 diabetic individual. The insurance industry has numerous health insurance plans that deal with diabetes, however a term insurance plan for diabetic individuals is rare and extremely helpful. Diabetes is a serious illness as it brings with itself a number of complications and other illnesses and to manage such a disease patients need to be worry-free regarding their family members in case of their untimely demise. The plan is successfully providing diabetic patients with health management services and life insurance coverage.
If you want to know more about the plan, you can contact insurance experts at PolicyX.com by calling at 1800 420 0269. You can also visit PolicyX.com to read more about term insurance and to get the best term insurance plan for yourself.
Conclusion
Bajaj life term plan for diabetic Sub 8 HbA1c can be availed by anyone who is pre-diabetic or a type
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FAQs: Bajaj Diabetic Term Plan
The 12 most-asked questions about Bajaj Life Diabetic Term Plan Sub 8 HbA1c, answered.
The eligibility criteria for the plan is as follows: Min Entry Age - 18 Years Max Entry Age - 65 Years
The minimum sum assured available under the plan is INR 25 Lakhs.
Yes, individuals purchasing the Bajaj Diabetes Plan are eligible to avail tax benefits as per the Income Tax Act, 1961.
There are various benefits involved under the health management services offered by Bajaj Diabetes Health Plan that are mentioned below: Medical Second Opinion Health Coaching Medical Consultations Vitals Tracking, and more.
No, the diabetes plan by Bajaj does not offer any maturity benefit as it is a pure protection plan.
Bajaj Diabetic Term Plan provides term cover, premium discounts, health services, tax benefits, flexible payments and customized rates while improving financial safety and access for well-managed diabetes.
Yes, you can get term insurance if you have diabetes. Diabetics get term plans with higher, risk-based premiums which are influenced by control, type, duration, medical tests and complications. Manage health, compare plans, stay transparent and seek financial advice.
Consider specialized diabetic health policies such as Diabetes Safe for Type 1/2, with shorter waiting periods, useful riders, strong complication coverage, OPD benefits, and reputable insurers.
Death benefit under Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c pays the nominee of 10x premium, 105% premiums paid, or sum assured, with lump-sum payout on death.
In a standard term plan, the cover ends with no payout on survival. In TROP Plans, all premiums are refunded. Both plans terminate after expiry, which ends insurer’s liability.
If you miss a premium, your plan enters a grace period. You have to pay within this time period to avoid lapse . After lapse, benefits stop until you revive the policy.
Yes, you can add riders such as accidental death, critical illness, waiver of premium and disability with this plan.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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