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Bajaj Life Diabetic Term Plan II Sub 8 HbA1c is a pure-risk term insurance plan designed for eligible people with Type 2 diabetes whose HbA1c level is 8% or below, as well as eligible pre-diabetic customers. It provides a death benefit to the nominee if the life assured dies while the policy is in force, subject to policy terms and exclusions. The plan does not pay a maturity benefit if the life assured survives the policy term. Applicants must disclose their medical history accurately and meet the insurer’s medical and underwriting requirements.
Diabetic Cover
This plan addresses a specific need for eligible applicants who have diabetes or pre-diabetes and want life cover. Its main purpose is financial protection for the nominee, rather than savings or a maturity payout. The official brochure includes sample premiums for different ages and policy terms, but the final premium depends on the applicant’s health disclosures, underwriting decision, selected cover and term. Check the current policy wording carefully and compare the offered premium with other available options before buying.
Bajaj Allianz Life
Key Insights
Founded
2001
Bajaj Allianz Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
Bajaj Allianz Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-7272
Headquarters: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006, Maharashtra, India
If the life assured dies while the policy is in force, the nominee or eligible claimant receives the Sum Assured on Death calculated under the policy terms.
The policy terminates after the death benefit is paid.
The product is intended for eligible Type 2 diabetic applicants with HbA1c at or below 8%, and eligible pre-diabetic applicants.
Eligibility is subject to the insurer’s medical assessment, disclosures and underwriting rules.
The official brochure specifies a minimum sum assured of ₹25 Lakh, with the maximum determined under the insurer’s underwriting policy.
The sum assured must meet the insurer’s eligibility and underwriting requirements.
Applicants may choose an eligible policy term within the published range of 5 to 25 years.
The chosen term must also meet the permitted maturity-age limits.
The plan supports yearly, half-yearly, quarterly and monthly premium payment frequencies.
Some non-yearly payment modes may require auto-debit arrangements.
An accidental death rider may be available separately if offered for this product and the applicant is eligible.
Confirm current rider availability, premium, cover limits and exclusions before purchase.
Additional riders should only be selected if the insurer currently offers them with this plan and the applicant qualifies.
Do not assume a rider is included in the base policy; check the current product and rider documents.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
The plan is intended for eligible Type 2 diabetic applicants whose HbA1c is 8% or below, and eligible pre-diabetic applicants. Acceptance depends on the insurer’s medical and underwriting requirements.
The official brochure lists a minimum entry age of 30 years.
The official brochure lists a maximum entry age of 60 years.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bajaj Allianz Life website before purchasing.
Official Website
bajajallianzlife.com
Visit the official Bajaj Allianz Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
The official brochure lists a maximum maturity age of 75 years. The policy term must also satisfy the applicable minimum and maximum maturity-age conditions.
The official brochure specifies a minimum sum assured of ₹25 Lakh. The maximum is subject to the insurer’s underwriting policy.
No. It is a pure-risk term insurance plan and does not pay a maturity benefit if the life assured survives until the policy term ends.
The official brochure gives an example of ₹6,986 annually for a 35-year-old male non-smoker choosing ₹50 Lakh cover for a 10-year term. This is a brochure illustration, not a guaranteed quote for every applicant.
The plan lists yearly, half-yearly, quarterly and monthly payment frequencies. Some non-yearly modes may require auto-debit arrangements.
The product is designed for the stated HbA1c eligibility segment. An applicant above the threshold should confirm eligibility directly with the insurer rather than assuming acceptance.
Applicants must disclose their medical history accurately. Non-disclosure or misrepresentation may affect policy benefits and claim decisions under applicable law and policy terms.