EMI Protection/SIP Cover

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EMI is good option to fulfill your daily needs without disrupting your monthly budget. However, in case of unexpected illness/hospitalisation, it can become difficult to be able to pay your EMIs. To overcome such contingencies, Bajaj Finance brings to you Group Care 360 – EMI Protection/SIP cover from Care Health Insurance Ltd. which helps you with benefit in case of inability to pay EMIs due to hospitalization.

Plan Details

Hospitalization Benefit Fee (Per Rs. 1000 of the EMI Incl. GST)
4 to 6 days 1 EMI Rs. 123
7 to 9 days 2 EMIs Rs. 123
10 days and above 3 EMIs Rs. 123
Policy/Cover tenor will be 1 year.

Waiting Period:

1. Initial waiting period: 30 days
2. Named ailments: 24 months
3. Pre-existing disease: 24 Months

What's Covered

  • Money-in-bank

    Convalescence Benefit

    If the Insured Member undergoes Medically Necessary Hospitalization, during the Cover Year, then the amount will be paid as opted, for every completed period (which has defined number of days) of hospitalization for each Claim provided that:

    - Minimum Hospitalization Duration (Deductible) on that Claim is exhausted
    - This Benefit will be payable for a maximum of 1 time in a Cover Year (for different injury causing events leading to Hospitalization) and maximum 3 EMI payments per hospitalization.

    For list of exclusions, please refer to the policy wordings.

Claim process

You can raise a claim by reaching out to the insurer via one of the following ways:

Insurer’s email:
Insurer’s toll-free number: – 1800-102-4488

How to Apply


Click on the 'Apply Now' button and share your basic details in the online application form.


Check and confirm your application by entering the OTP received on your mobile number.


Pay the premium via credit/debit card, UPI, mobile wallet, or any other available online payment mode.


You will receive the details of your membership via email/WhatsApp.

Contact Us

In case you have any queries related to coverage, exclusions or claims, please write to us at

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above-mentioned benefits and premium amount are subject to various factors such as the age of the insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post-sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.

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