Overview
Managing diabetes shouldn't mean managing insurers too. Yes, some companies ask for more paperwork or charge higher premiums for diabetic applicants. But term insurance for diabetics is more accessible than most people realize, and knowing which insurers to approach (and how) makes all the difference.
Bajaj Life Insurance built a plan to address this exact problem. The Bajaj Life Diabetic Term Plan II Sub 8 HbA1c is designed around your health profile.
In this review, we will walk you through what the plan covers, who can apply, what it costs you in effort, and how to buy it.
What Is Bajaj Life Diabetic Term Plan II Sub 8 HbA1c?
Bajaj Life Insurance is the only insurer in India that offers a term plan built exclusively for diabetics. That is the core idea behind this plan. It is priced and underwritten around your HbA1c level from the start, so eligibility is clearer, but approval and final premium remain subject to underwriting.
The plan is a pure term insurance product. That means it pays out a lump sum to the nominees if the policyholder passes away during the policy term, and it does not offer any maturity benefit if they outlive the term.
Alongside the life cover, policyholders also get access to a Diabetes Care Management Program. This includes health webinars and medical consultations, so the plan supports your day-to-day health and your family's financial future.
Eligibility Criteria and Key Features of Bajaj Life Diabetic Term Plan
HbA1c is one of the plan's key eligibility criteria. Here is how it works.
Note: With Type 1 diabetes, even if the condition is well-managed, insurers are still cautious because the condition is lifelong, insulin-dependent, and can carry long-term complication risk. If that describes you, it is worth speaking to an advisor about which insurers are more likely to consider your case.
Other Eligibility Numbers You Should Know
- Entry Age: 30 years to 60 years
- Maturity Age: 35 years to 75 years
- Policy Term (PT): 5 years to 25 years
- Premium Payment Term (PPT): Regular Pay
- Minimum Sum Assured: ₹25 lakh, in multiples of ₹1 lakh
- Maximum Sum Assured: No fixed cap, subject to Bajaj Life's underwriting policy
Your HbA1c report needs to be from within the last 2 to 3 months when you apply. An older report will not be accepted, so get a fresh test done before you start the process.
Coverage & Benefits Under Bajaj Life Diabetic Term Plan II
Death Benefit
If the policyholder passes away during the policy term, your nominee receives the highest of three amounts. This includes 10 times your annualized premium, 105% of all premiums paid to date, or the sum assured you originally chose. The payout is a tax-free lump sum, meant to cover expenses, loans, and your family's day-to-day living costs.
Health Management Services
Every policyholder gets free access to health webinars and medical consultations. This supports your day-to-day health management.
Flexible Premium Payment Frequency
You can pay yearly, half-yearly, quarterly, or monthly, depending on what suits your income cycle. Half-yearly, quarterly, and monthly plans are available only through auto-debit.
Tax Benefits
Premiums up to ₹1.5 lakh a year qualify for deduction under Section 80C (now Section 123 of the new Income Tax Act 2025), if you opt for the old tax regime. The death benefit your family receives is tax-free under Section 11 (Earlier Section 10(10d).
Maturity Benefit
This is a pure term plan, so there is no payout if you outlive the policy term. The policy simply ends, which keeps your premiums lower than a savings-linked plan.
Bajaj Life Diabetic Term Plan II Sample Premium Illustration
For this example, we assumed a non-smoking, salaried individual based in a tier-1 city like Delhi (pincode: 110010), with cover up to 20 years and a sum assured of ₹2 crore.
Note: The premiums in the table above are only indicative. Your actual premium may vary based on factors like your age, occupation, medical history, income, and the insurer's underwriting decision.
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How to Apply for Bajaj Life Diabetic Term Plan II?
- Choose Your Sum Assured
You can start at ₹25 lakh and go higher based on what your family would need to cover expenses, loans, and future goals without your income. You can check your recommended cover through our term cover calculator. - Pick Your Policy Term
This can range from 5 to 25 years. As a diabetic, locking in a longer term now means your premium stays fixed even if your health changes later. We recommend taking cover until age 65/70 for maximum benefit. - Select Your Premium Frequency
You can pay yearly, half-yearly, quarterly, or monthly, depending on what suits your cash flow. We recommend annual payments because they're more convenient and have no modal loading. - Fill Out the Health Questionnaire
Be honest about your HbA1c level, date of diagnosis, current medication, and any other conditions, such as high blood pressure. Since this plan already accounts for diabetes, hiding details won't help. - Complete Any Required Medical Tests
Depending on your age and sum assured, Bajaj Life may ask for additional tests to confirm your health profile before issuing the policy.
Once you complete your application and any medical checks, Bajaj Life reviews your file and issues the policy based on its underwriting guidelines.
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Conclusion
The Bajaj Life Diabetic Term Plan II Sub 8 HbA1c gives pre-diabetics and controlled Type 2 diabetics a real shot at affordable life cover. It provides a dedicated underwriting route for eligible prediabetics and people with Type 2 diabetes, although final pricing and approval still depend on underwriting. If your HbA1c is 8% or below, this plan is worth putting on your shortlist.
That said, one plan is rarely the full answer. Your final premium, rider options, and approval odds can still vary based on your complete health profile, not just your HbA1c number. We recommend applying for standard plans with a diabetes loading, which offer more comprehensive coverage and benefits. You can check our guide on the best term insurance plans in India as a starting point.
Your next step is simple. Get a recent HbA1c report ready, and compare this plan with other diabetic-friendly options before you commit. Term insurance for diabetics is completely possible, but it requires more preparation and consistently stable health parameters than a standard application.
Frequently Asked Questions
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