Care Health Insurance - EMI Protection/SIP Cover, starting at Rs. 123
Key features
Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions
Key features and benefits of this policy
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Coverage up to 20,000, premium starting at Rs. 123
Covers up to three EMIs or SIPs up to Rs. 20,000 in case of hospitalisation due to any injury.
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EMI/SIP cover
Covers EMIs for ones existing loan in case of hospitalisation due to injury
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End-to-end online process
You can easily buy the policy online through our 100% digital and paperless process.
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No documents are required to buy the policy
When buying the EMI Protection/SIP Cover policy, you do not need to present any documents at the time of making the purchase.
Eligibility criteria and documents required
You need to fulfil the following criteria to buy EMI Protection/SIP Cover. If you meet all the eligibility criteria, we will need a few details to complete your application process.
Eligibility criteria
- Exclusively for Bajaj Finance customers
- Nationality: Indian
- Age: 18+ years
Documents required
No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:
- Name
- Address
- Email addres
- Phone number
Step-by-step guide to buy this policy
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Step 1
Click on the ‘Buy Now’ button on this page.
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Step 2
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
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Step 3
Enter the One Time Password (OTP) received on your registered mobile number for verification.
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Step 4
If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.
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Step 5
At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards and wallet.
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Step 6
After the payment is successful, you can download the policy receipt instantly.
You can also download the policy document from ‘My Account’ after 5 to 7 working days from the date of purchase of the policy.
Policy details
Here’s a quick look at the policy details of EMI Protection/SIP Cover:
- Premium of Rs. 123
- Premium of Rs. 246
- Premium of Rs. 369
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 1,000 |
| Premium including GST (in Rs.) | 123 |
| Policy tenure | 1 year |
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 2,000 |
| Premium including GST (in Rs.) | 246 |
| Policy tenure | 1 year |
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 3,000-20,000 |
| Premium including GST (in Rs.) | 369 |
| Policy tenure | 1 year |
Key inclusions and exclusions
Have a quick look at the coverages offered and excluded under EMI Protection/SIP Cover:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| 3 EMIs / SIP covered | Covers payment of EMIs as opted for every completed period as per policy terms once per year up to a maximum of three EMI payments |
| Convalescence benefit | Get coverage for expenses in the recovery phase |
| Key exclusions | Description |
|---|---|
| Waiting periods | Coverage prior to the initial waiting period of 30 days |
| Pre-existing conditions | Expenses arising from the treatment of pre-existing conditions before 24 months from policy purchase |
Product information
For complete details on product benefits, features, terms and exclusions, please read product sales brochure and policy wordings carefully before concluding a sale.
How to claim
You can reach out to the insurer (Care Health Insurance) to claim the benefits of the EMI Protection/SIP Cover policy by email or phone:
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Insurer’s toll-free number
You can also call on the toll-free helpline number - 1800-102-4488 and claim the benefits
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Documents required to claim
To claim the benefits of EMI Protection/SIP Cover, you need to present the following documents:
1. The policy document received at the time of purchase
2. Medical certificates & reports received from the doctor
3. Invoice/bills -
Contact Bajaj Finance Ltd.
In case you have any queries related to coverage, exclusions, or product policy, please write to us at wecare@bajajfinserv.in
Frequently asked questions
This policy provides insured persons with peace of mind regarding their EMI payments in circumstances when they’re undergoing medically necessary hospitalization. The policy covers up to three EMI payments for a defined period of hospitalisation, and can only be used once in a cover year
Claims can be made by writing to the insurer at claims@careinsurance.com or by calling them on their toll-free number 1800-102-4488.
This policy starts at Rs. 123 per Rs. 1000 of EMI that was insured by the policyholder.
Individuals 18 years and older in age can apply for this policy.
The initial waiting period for this policy is 30 days. Furthermore, the policy has a waiting period of 24 months for listed ailments and pre-existing diseases.
