Loss of income can put a tremendous strain on you and your family. Investing in an insurance policy that offers income protection can give you peace of mind. Bajaj Markets brings you the Income Protect 18-35 Years by Aditya Birla Health Insurance Co. Ltd., which offers coverage in case of loss of income.
The application process for this insurance plan is simple and straightforward. Just follow these steps to get started:
You’re all set! You will receive your membership details and welcome pack on your registered email ID.
Here’s the eligibility criteria for the Income Protect 18-35 Years:
● Applicant must be an Indian resident
● Applicant’s age should be between 18 and 35
Income Protection Benefits
Here’s what will be covered under this policy:
This policy will offer a maximum monthly salary of up to Rs. 1 Lakh.
In the event that the policyholder suffers an injury and needs to be hospitalised for a period of more than 7 days, they will be eligible for a payout as per the policy document.
The payment period will be 3 months.
Both male and female salaried employees are eligible for this coverage.
Monthly salary up to Rs. 1 lakh
This policy plan is valid for a period of one year.
Here’s what’s not covered under this plan:
Any self-resignation, voluntary unemployment and voluntary retirement.
Any event that occurs during the waiting period or before the start date.
In case the employer rescinds the employment offer.
Initial Deductible Period: 30 Days
Initial Waiting Period: 90 Days
*For a complete list of exclusions, please refer to the policy document.
You may raise a claim by contacting the insurer in any of the following methods:
Email ID - email@example.com
Toll free phone number - 1800-270-7000
You can connect with us at Bajaj Markets. Just write to us at firstname.lastname@example.org in case of any queries.
This insurance policy costs 0.48% of your income, provided it’s below 1 Lakh.
This insurance policy is valid for a period of 1 year.
Indian residents between the ages of 18 and 35 are eligible for this policy.
No, this plan does not cover self-resignation.