New Term plan for Type 2 diabetics, pre-diabetics

Bajaj Allianz Life, has launched an exclusive term insurance plan for Type 2 diabetic and pre-diabetic individuals. The Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is first of its kind protection plan in the Indian life insurance industry.

According to the insurer, India is referred to as ‘diabetes capital of the world’ with the diabetic population in the country expected to hit an alarming mark of 69.9 million by 2025 and 80 million by 2030.

It added, a significant number of India’s population who are diagnosed with diabetes are currently under-insured. With diabetes being termed as a chronic disease, those diagnosed with it find it challenging to get comprehensive life cover to financially secure their family’s needs.

Thereby, the Bajaj Allianz Life’s Diabetic Term Plan Sub 8 HbA1c offers life insurance coverage by factoring in the nuances of the health condition of those having diabetes.

For pre-diabetic or Type 2 diabetic individuals whose HbA1c is up to 8%, the comprehensive plan will enable them to provide financial security for their loved ones.

Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “As Life Goals enablers we continue to innovate and challenge ourselves so that more individuals can secure their life goals. With this first-of-its-kind term plan designed for diabetics, I’m happy that we will be able to help several Indians secure their family’s long-term financial plans by giving them the well-deserved peace of mind.”