India’s First Term Product Exclusively Tailored for Type 2 Diabetics and Pre-diabetics Introduced by
Bengaluru, NFAPost: Bajaj Allianz Life has introduced a groundbreaking term insurance plan called Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c. This innovative policy is specifically designed for individuals with Type 2 diabetes and pre-diabetes, who often struggle to obtain comprehensive life coverage.
India is known as the “diabetes capital of the world,” with an estimated diabetic population of 69.9 million by 2025 and projected to reach 80 million by 2030. Unfortunately, a significant portion of the Indian population with diabetes remains underinsured. Recognizing the financial insecurities faced by those diagnosed with this chronic condition, Bajaj Allianz Life aims to empower diabetic individuals and provide them with peace of mind regarding their family’s financial well-being.
Bajaj Allianz Life’s Diabetic Term Plan Sub 8 HbA1c offers life insurance coverage tailored to the specific health condition of individuals with diabetes. The plan caters to pre-diabetic or Type 2 diabetic individuals with an HbA1c level of up to 8%, allowing them to secure their loved one’s financial future.
During the launch of this exclusive product, Bajaj Allianz Life MD and CEO Tarun Chugh expressed his enthusiasm stating as Life Goals enablers, the company continuously innovate and challenge ourselves to ensure more individuals can achieve their life goals.
“With this first-of-its-kind term plan for diabetics, we are delighted to help numerous Indians secure their family’s long-term financial plans and provide them with the peace of mind they deserve. Additionally, we will establish an ecosystem to assist our diabetic customers in managing and maintaining their health. Recognizing their efforts to control their insulin levels, we will offer a 10% reduction in premium on their policy anniversary when they achieve their health goals,” said Bajaj Allianz Life MD and CEO Tarun Chugh.
One notable feature of Bajaj Allianz Life’s Diabetic Term Plan Sub 8 HbA1c is the “Keep Fit” benefit, which incentivizes policyholders to monitor and improve their HbA1c levels. This initiative allows individuals to enjoy a unique 10% reduction on renewal premiums during their policy anniversary.
Moreover, the plan includes Health Management Services, such as webinars and medical consultations, to support customers in managing their diabetes and overall health.
For more information about the product, interested individuals can visit the following links:
- Product details: https://www.bajajallianzlife.com/term-insurance-plans/diabetic-term-insurance-plan.html
- Product brochure: https://www.bajajallianzlife.com/content/dam/balic/pdf/term-insurance/diabetic-term-plan-sl.pdf
Note:
- Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is a non-linked, non-participating, individual, pure-risk premium life insurance plan.
- Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6213704/
- HbA1c, or Glycated Hemoglobin, is a blood test that measures the average blood sugar (glucose) level over the past two to three months. According to the Indian Council for Medical Research, pre-diabetics have an HbA1c level ranging from 5.7% to 6.4%, while diabetics have an HbA1c level of 6.5% or above.
