Bajaj General Insurance rolls out riders to lock premiums, expand health cover scope

Mumbai: Bajaj General Insurance has launched health insurance riders that enable buyers to widen the scope of their basic health plan.

The `Age shield’ rider enables buyers of health insurance to ensure that the premium escalation with age will not happen unless there is a claim. The policy is aimed at addressing the complaint of policyholders who see their premium being revised as they move into higher age brackets even without any claim.

Besides the `Age shield’ rider the Smart Tenure feature combines the sum insured across the policy tenure and provides access to a larger overall cover even in the early years. Additional options include Global Cover for international treatment, the Health Limitless rider that offers one claim without any annual sum insured limit during the policy lifetime, and the Health Prime rider that includes teleconsultations, diagnostic support, preventive health check-ups, and wellness services.

The insurer said it has introduced ‘My Health Care Plan Edge+’, a health indemnity product based on its existing offering. The policy offers sum insured options ranging from Rs 5 lakh to Rs 5 crore and includes unlimited reinstatement of the sum insured within a policy year to cover multiple claims.

Tapan Singhel, managing director and chief executive officer, Bajaj General Insurance, said, “Health insurance is steadily moving from a product mindset to a solution mindset, where the focus is not just on covering hospitalisation, but on how effectively we support customers across their entire healthcare journey. With MHCP EDGE+, we have built a plan that responds to some of the most relevant gaps customers experience today, be it rising medical costs, non-payable expenses, or the need for higher and more adaptable coverage. What is equally important is giving customers the flexibility to shape their protection as their needs evolve, without making the product complex.”

The policy is available for individual and family floater options with lifetime renewability. It offers policy tenures of up to five years and coverage starting from the age of three months. The product also includes flexible waiting period options, discount structures, and wellness-linked benefits, positioning it as a health insurance solution designed to adapt to changing customer needs.


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