Mumbai: Bajaj General Insurance has launched health insurance riders that enable buyers to expand the scope of their basic health plan. The ‘Age Shield’ rider enables buyers of health insurance to ensure that premiums will not increase with age unless there is a claim. This policy aims to address the grievance of policyholders who see their premiums revised when they move to a higher age group even without making any claims. The Smart Tenure feature in addition to the ‘Age Shield’ rider adds to the sum assured across the entire policy term and provides access to a larger overall cover even in the initial years. Additional options include global cover for international treatment, Health Limitless Rider that provides one claim without any annual sum assured limit during the policy lifetime, and Health Prime Rider that includes teleconsultation, diagnostic assistance, preventive health check-ups and wellness services. The insurer said it has introduced a health indemnity product ‘My Health Care Plan Edge+’ based on its existing offering. The policy offers sum assured options ranging from Rs 5 lakh to Rs 5 crore and includes unlimited reinstatement of the sum assured within the policy year to cover multiple claims. Tapan Singhal, Managing Director and Chief Executive Officer, Bajaj General Insurance, said, “Health insurance is constantly moving from a product mindset to a solution mindset, where the focus is not just on hospitalization, but on how effectively we support customers across their entire healthcare journey. With MHCP Edge+, we have created a plan that responds to some of the most relevant gaps in the customer experience today, be it rising medical costs, non-payable expenses, or high and above. Need adaptive coverage. It is equally important to give customers the flexibility to shape their security according to their needs, without complicating the product. This policy is available for individual and family floater options with lifetime renewability. It offers a policy term 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 benefits, positioning it as a health insurance solution designed to adapt to the changing needs of customers.
