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EMI Protection/SIP Cover

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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.

Plan details

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

The policy tenor is 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 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.

Claim process

You can raise a claim by contacting the insurer in one of the following ways:

Toll-free number: – 1800-102-4488

How to apply


Click on the ‘Buy Now’ button on this page 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.

Contact us

If you have any queries about 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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