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 Co. Ltd. which helps you with benefit in case of inability to pay EMIs due to hospitalization.
|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|
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.