Mumbai: Bajaj General Insurance has launched innovative health insurance riders designed to expand the coverage of basic health plans. The newly introduced 'Age Shield' rider ensures that policyholders' premiums do not increase with age unless a claim is made. This feature directly addresses a common complaint among policyholders who see their premiums rise as they enter higher age brackets, even without filing any claims.
Smart Tenure and Additional Riders
Alongside the Age Shield rider, the company has introduced the Smart Tenure feature, which combines the sum insured across the policy tenure, providing access to a larger overall cover even in the early years of the policy. Additional options include Global Cover for international medical treatment, the Health Limitless rider that allows one claim without any annual sum insured limit during the policy lifetime, and the Health Prime rider, which offers teleconsultations, diagnostic support, preventive health check-ups, and wellness services.
Introduction of MHCP EDGE+
The insurer also announced the launch of 'My Health Care Plan Edge+' (MHCP EDGE+), a health indemnity product based on its existing offering. This policy provides 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 of Bajaj General Insurance, stated, "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."
Policy Features and Availability
The policy is available for both 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.
