Claim Settlement Ratio of 99.23%~

India's Only Term Plan Exclusively for Diabetics*

Diabetic? Get Covered Now!

Get upto 10% discount on first year premium1
Free Health Management Services

*, 1 T&C apply | BJAZ-WB-EC-05034/23

*, 1 T&C apply | BJAZ-WB-EC-05034/23

Annual Income (in ₹ lakhs)
< 2.5 2.5-5 5-7.5 10-15 15-20 >20
Tobacco/Nicotine*

*, 1 T&C apply | BJAZ-WB-EC-05034/23

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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Policy Benefits

  • Sample Premiums

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.

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Provides comprehensive financial security to your family

Health Management Services will also be provided through webinars, medical consultations, etc. 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.

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Choose your Sum Assured

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

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.

Choose your Premium Payment Frequency

Depending on your convenience you can choose to pay your premiums either monthly or annually.

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

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.

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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)

Minimum

5 years

 

Maximum

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;
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Brochure

Download

Policy Document

Download

Product Presentation

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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

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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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)

 

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. | $For details refer to press release published by CARE | **All figures as on 31 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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Disclaimers:
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*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.

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Call to Buy

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Disclaimer

*Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c, A Non-Linked, Non-Participating, Individual Pure Risk Premium Life Insurance Plan. (UIN: 116N183V01) The product provides life insurance cover to Type 2 diabetics (with HbA1c level <= 8%) and pre-diabetics.

15% Discount for salaried customers, applicable only on first year’s premium. 5% Discount on online purchase is available on first year’s premium.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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