Bajaj Allianz Life Diabetic Term Plan
Introduction to Bajaj Allianz Life Diabetic Term Plan
Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is a term insurance plan offered by Bajaj Allianz Life Insurance Company. This plan is specifically designed to offer term insurance coverage to diabetic individuals. In the unfortunate event of your passing during the policy term, your family will receive a sum of money as a death benefit. This financial support can serve as a safety net, allowing them to maintain their current standard of living as well as achieve their big dreams and goals in life.
This product doesn't provide important customizations such as increasing cover, limited pay, critical illness rider, etc. It also doesn't provide any options to customize how your family receives the claim amount and it is expensive in comparison to other products in the market. Lastly, according to our research, the insurer has received fewer complaints related to claim settlement and policy purchase. Meaning you and your family are very likely to get a smooth experience with them.
Pros & Cons: Bajaj Allianz Life Diabetic Term Plan
Received fewer complaints on claim settlement compared to other insurers- Received fewer complaints during policy purchase compared to other insurers
Expensive than other products in the market- No Limited Pay options available, to speed up payments
- Doesn't offer the option to automatically increase your claim amount, with time
- No option to customize claim payout
- No option to exit the plan while it is still active and receive a refund of premiums
- Critical illness rider is not available
About Bajaj Allianz Life Insurance Co. Ltd.
Bajaj Allianz also known as Bajaj Allianz Life Insurance Company Limited is a Life Insurance Company in India. Founded in the year 2001, it is a joint venture between Bajaj Finserv Limited, one of the most diversified non-banking financial institutions in India, and Allianz SE, one of world’s leading global insurer and asset manager. The company is headquartered in Pune and the CEO / CMD of the company is Mr. Tarun Chugh.
Detailed Product Specs & Rating: Bajaj Allianz Life Diabetic Term Plan
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