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Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c

A Non-linked, Non-Participating, Individual, Pure Risk Premium Life Insurance Plan


  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Sample Premiums
  • Policy Benefits
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Term insurance plan provides protection to the family against the loss of income due to the demise of the Life Assured. A segment of the population finds it very difficult to get a life cover due to their health condition like diabetes, etc. Due to this, most of the diabetics find it difficult to fulfil their responsibility of financially protecting their families in case they were not around.

Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c is a protection plan that offers term insurance cover to Type 2 diabetics and pre-diabetics by factoring in the nuances of their health conditions. The product empowers diabetics to ensure their families have the necessary financial resources to continue with their lives, in the absence of the Life Assured.

Provides comprehensive financial security to your family.

Health Management Services will also be provided through webinars, medical consultations,. to support our customers to manage their diabetes and general health.

Term Plan exclusively designed for Type 2 diabetics (with HbA1c level <= 8%) and pre-diabetics.

  1. 1

    Choose your Sum Assured

    Decide on the level of protection by choosing the sum assured you need to safeguard your family’s financial future.

  2. `
  3. 2

    Choose your Policy Term (Policy Term and Premium Payment Term are equal under this product)

    Select the period for which you want to get life insurance protection. You need to pay premiums throughout the policy term to continue your life cover.

  4. `
  5. 3

    Choose your Premium Payment Frequency

    Depending on your convenience you can choose to pay your premiums either monthly, quarterly, half-yearly or yearly.

  6. `
  7. 4

    Answer the Health Questionnaire as per your health status.

    Your premium will be based on your current age, gender, sum assured, HbA1c level, smoker status, health status, policy term, premium payment frequency, etc.

  8. `

Entry Age

Minimum Age at Entry 

 30 years

Maximum Age at Entry

60 years

Maturity Age

Minimum age at maturity

35 years

Maximum age at maturity

75 years

Policy Term (PT)


5 years


25 years

Premium Payment Term

Regular Premium (Premium Payment Term is equal to Policy Term)

Minimum Sum Assured

Rs. 25,00,000

Note - The sum assured that can be chosen will be in multiples of Rs. 1,00,000

Maximum Sum Assured

No Limit, subject to prevailing Board Approved Underwriting Policy

Note - The sum assured that can be chosen will be in multiples of Rs. 1,00,000

Minimum & Maximum Premium

As per the minimum & maximum Sum Assured

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

(Half-yearly, Quarterly and Monthly premium frequency is only allowed under auto-debit process as allowed by RBI to financial institutions.)

Note- All the references to age are Age as on last birthday;

  • Sample Premiums

Sum Assured – INR 50 Lakhs   Sum Assured – INR 1 Crore
Age Policy Term 10 years Policy Term 15 years Policy Term 20 years   Age Policy Term 10 years Policy Term 15 years Policy Term 20 years
35 6,986 7,622 8,799   35 10,552 11,714 13,683
40 9,547 11,114 13,090   40 14,672 17,346 20,611
45 14,643 17,217 19,859   45 22,834 27,140 31,495

The above premiums are including GST, excluding any underwriting loading, annual premium payment frequency, for male life assured, non-smoker, regular pay (policy term and premium payment term are equal)




Death Benefit (Benefit payable on death of the Life Assured during the Policy Term)

On death of the life assured during the Policy Term, provided the policy is in-force, your nominee/legal heir will receive the Sum Assured on Death (as chosen by you at inception). The policy will terminate on death of the life assured.

Sum Assured on Death is defined as higher of

    a) 10 times Annualised Premium

    b) 105% of total premiums paid till date of death

    c) Sum Assured

Maturity Benefit

Since this is a pure term insurance product, no benefit shall be payable on survival till maturity. The policy will terminate on the maturity date.

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Life Insurance Glossary

Discontinuance Charges

These charges are deducted from the policyholder's account/fund if the life insurance policy is surrendered by the policyholder. This is also called as the Surrender Charge

Fund Value

It is the total value of units that a policyholder holds in funds. Fund Value = Number of Units x Net Asset Value

Fund Management Charges

These are charges deducted towards meeting expenses related to fund management. These are charged as a percentage of the Fund Value and deducted before calculating the Net Asset Value (NAV) of the fund.

Fund Switch

Switching between funds is allowed under the Investor Selectable Portfolio Strategy. Policyholders can opt for this Portfolio Strategy at the commencement of the policy or can switch to this Portfolio Strategy at any subsequent policy anniversary. You have the flexibility to switch units between your investment funds according to your risk appetite and investment decisions, by giving written notice to the Company. Fund as on that date will be switched to the other Fund/s, as specified by the Policyholder. You can make unlimited free switches during the policy term.

In - force

In-force Policies are valid/active policies for which the full premiums as on date are paid.


The termination of an insurance policy due to non-payment of premium.

Mortality Charges

Depending upon the age and the amount of cover, the charges levied towards providing life insurance cover to the insured are called as Mortality Charges

Policy Administration Charges

These are the charges deducted on a monthly basis to recover the expenses of maintaining the policy including record keeping, paper work, services, etc.

Premium Allocation Charges

These charges are deducted upfront from the premium paid by the policyholder as a percentage of premium. These charges account for the initial expenses incurred by the company in issuing the policy, e.g., cost of underwriting, medicals and expenses related to distributor fees. After these charges are deducted, the money gets invested in the chosen fund.

Regular Premium

The amount payable by the policyholder at regular intervals during the Premium Paying Term, and at the Premium Payment Frequency

Regular Premium Fund Value

The total number of Units pertaining to the Regular/ Limited Premium existing in each Fund under this Policy, multiplied by their respective Unit Price on the relevant date


To restore the policy after the life insurance policy has lapsed.

Revival Period

As long as the policyholder pays premium on time, the policy remains in force. The policy lapses when premiums are not paid even after the completion of the grace period. Thereafter, the Life Insurance Company provides an option to the policyholder wherein he/she can make the policy in force only during a specific period after the grace period. The process is called Revival of the Life Insurance Policy or Policy Revival and the period is called Revival Period.

Rider Sum Assured

"Rider Sum Assured" means the sum assured as mentioned in the Schedule. For more details, please refer respective rider sales literature.

Rider Life Assured

"Rider Life Assured" means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider. For more details, please refer respective rider sales literature.

Rider Premium Charge

"Rider Premium Charge" means the charge deducted to provide the Rider benefit. For more details, please refer respective rider sales literature.

Rider Term

"Rider Term" means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the schedule. For more details, please refer respective rider sales literature.

Surrender Value

A value payable if you want to surrender the plan before a claim arises.

Settlement Option

In Unit Linked Polices, instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of 5 years after maturity. This is known as the Settlement Option.

Top Up Premium

The amount of additional premium paid over and above the Regular/ Limited Premium payable under this Policy

Top Up Premium Fund Value

The number of Units pertaining to Top Up Premium under a policy, multiplied by the respective Unit Price on the relevant valuation date

Unit Price

Market value of investment held by the fund plus value of current assets less value of current liabilities and provisions, if any, divided by number of units existing on Valuation Date. This calculation will be done before creation / redemption of units.


*The product provides life insurance cover to Type 2 diabetics (with HbA1c level <= 8%) and pre-diabetics.
HbA1c: Glycated haemoglobin: A haemoglobin A1C (HbA1C) test is a blood test that shows what your average blood sugar (glucose) level was over the past two to three months. As per the Indian Council for Medical Research - Pre-diabetics have HbA1c level in the range of 5.7% to 6.4%; Diabetics have HbA1c level of 6.5% or above.