Bajaj Allianz Diabetic Term Plan
  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion
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Bajaj Allianz Diabetic Term Plan

Bajaj Allianz 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. The plan comes with a plethora of health management services along with the promise of term insurance protection.

Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1 Plan offers you a range of benefits including:

why-choose
  • Death Benefit
  • Tax Benefit
  • Keep Fit Benefit
  • Health Management Services
  • Premium Rebates/Discounts
  • Health coach

Eligibility Criteria for Bajaj Allianz Diabetic Term Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 75 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 25 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 25 lakhs to no limit.

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1 Work?

Let's understand how the Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1 works with a simple premium illustration.

Why Buy Term Insurance Online?

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 Allianz Life Diabetic Term Plan II Sub 8 HbA1. He visited PolicyX.com

Let's understand how the Bajaj Allianz 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.

Benefits of Bajaj Allianz Diabetic Term Plan

Here are the benefits associated with the Bajaj Allianz Diabetic Term Plan

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Features of Bajaj Allianz Diabetic Term Plan

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.

Exclusions of Bajaj Allianz 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 Allianz Life Diabetic Term Plan 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. 

Explore other Bajaj Allianz Term Insurance

Bajaj Allianz Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Allianz Term Insurance plans. Below is the list of term plans offered by Bajaj Allianz.

Bajaj Allianz e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage...

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Allianz Life e-Touch Plan (Pros)

Bajaj Allianz Life e-Touch Plan
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Allianz Life e-Touch Plan (Cons)

Bajaj Allianz Life e-Touch Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Life e-Touch Plan (Other Benefits)

Bajaj Allianz Life e-Touch Plan
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life e-Touch Plan (Eligibility Criteria)

Bajaj Allianz Life e-Touch Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Bajaj Allianz iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers ...

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj Allianz iSecure Plan (Pros)

Bajaj Allianz iSecure Plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj Allianz iSecure Plan (Cons)

Bajaj Allianz iSecure Plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj Allianz iSecure Plan (Other Benefits)

Bajaj Allianz iSecure Plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz iSecure Plan (Eligibility Criteria)

Bajaj Allianz iSecure Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 10 to 25 Yrs

Bajaj Allianz Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-partic...

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Allianz Life Secure Plan (Pros)

Bajaj Allianz Life Secure Plan
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Allianz Life Secure Plan (Cons)

Bajaj Allianz Life Secure Plan
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Allianz Life Secure Plan (Other Benefits)

Bajaj Allianz Life Secure Plan
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Allianz Life Secure Plan (Eligibility Criteria)

Bajaj Allianz Life Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5 7 10 and 15 years

Bajaj Allianz Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial se...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Allianz Saral Jeevan Bima (Pros)

Bajaj Allianz Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Allianz Saral Jeevan Bima (Cons)

Bajaj Allianz Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Saral Jeevan Bima (Other Benefits)

Bajaj Allianz Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Allianz Saral Jeevan Bima (Eligibility Criteria)

Bajaj Allianz Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Allianz iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj Allianz iSecure Loan Plan (Pros)

Bajaj Allianz iSecure Loan Plan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj Allianz iSecure Loan Plan (Cons)

Bajaj Allianz iSecure Loan Plan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj Allianz iSecure Loan Plan (Other Benefits)

Bajaj Allianz iSecure Loan Plan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj Allianz iSecure Loan Plan (Eligibility Criteria)

Bajaj Allianz iSecure Loan Plan
  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - 10/ 15/ 20/ 25 years

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance. What if we told you...

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term

Bajaj Allianz Lifestyle Secure Plan (Pros)

Bajaj Allianz Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Allianz Lifestyle Secure Plan (Cons)

Bajaj Allianz Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Lifestyle Secure Plan (Other Benefits)

Bajaj Allianz Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Allianz Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Allianz Lifestyle Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 3L
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj Allianz Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates,...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Allianz Life Smart Protect Goal Plan (Pros)

Bajaj Allianz Life Smart Protect Goal Plan
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Allianz Life Smart Protect Goal Plan (Cons)

Bajaj Allianz Life Smart Protect Goal Plan
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Allianz Life Smart Protect Goal Plan (Other Benefits)

Bajaj Allianz Life Smart Protect Goal Plan
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life Smart Protect Goal Plan (Eligibility Criteria)

Bajaj Allianz Life Smart Protect Goal Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5 L
  • Max Maturity Age - 75 Yrs(ROP)
  • Premium Payment Term - RP/SP/LP

Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic in...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Allianz Diabetic Term Plan (Pros)

Bajaj Allianz Diabetic Term Plan
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Allianz Diabetic Term Plan (Cons)

Bajaj Allianz Diabetic Term Plan
  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Bajaj Allianz Diabetic Term Plan (Other Benefits)

Bajaj Allianz Diabetic Term Plan
  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Bajaj Allianz Diabetic Term Plan (Eligibility Criteria)

Bajaj Allianz Diabetic Term Plan
  • Entry Age -30 Years
  • Max Entry Age- 6 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP

FAQs: Bajaj Allianz Diabetic Term Plan

1. What is the eligibility criteria for Bajaj Allianz Diabetes Plan?

The eligibility criteria for the plan is as follows: Min Entry Age - 18 Years Max Entry Age - 65 Years

2. What is the minimum sum assured available under the Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c?

The minimum sum assured available under the plan is INR 25 Lakhs.

3. Tax Benefits are applicable under Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c?

Yes, individuals purchasing the Bajaj Allianz Diabetes Plan are eligible to avail tax benefits as per the Income Tax Act, 1961.

4. What are the Health Management Services available under Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c?

There are various benefits involved under the health management services offered by Bajaj Allianz Diabetes Health Plan that are mentioned below: Medical Second Opinion Health Coaching Medical Consultations Vitals Tracking, and more.

5. Does Bajaj Allianz Life Diabetic Term Plan Sub 8HbA1c offer maturity benefit?

No, the diabetes plan by Bajaj Allianz does not offer any maturity benefit as it is a pure protection plan.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.