EMIs are a prudent way to finance major expenses without disrupting your monthly budget. However, in case of an unexpected illness, it can become difficult to pay your EMIs on time if your finances are tied up in hospitalisation costs. To help you overcome such a crisis, Bajaj Finance brings you Group Care 360 – EMI Protection/SIP Cover from Care Health Insurance Ltd. The plan covers up to 3 EMIs at a nominal fee.
|Fee (per Rs. 1,000 of the EMI including GST)||Hospitalisation duration||Benefit|
|Rs. 123||4 to 6 days||1 EMI|
|Rs. 123||7 to 9 days||2 EMIs|
|Rs. 123||10 days and above||3 EMIs|
If the insured member undergoes medically necessary hospitalisation during the cover year, the chosen amount will be paid for every completed period of hospitalisation (with a defined number of days) for each claim. The following conditions need to be met:
- The minimum hospitalisation duration (deductible) on that claim must be exhausted.
- This benefit will be payable for a maximum of one time in a cover year (for a different injury leading to hospitalisation) and a maximum of 3 EMI payments per hospitalisation.
For the list of exclusions, please refer to the policy wordings.