Care Health Insurance - EMI Protection/SIP Cover, starting at Rs. 123

Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions

Key features and benefits of this policy

  • Coverage up to 20,000, premium starting at Rs. 123

    Coverage up to 20,000, premium starting at Rs. 123

    Covers up to three EMIs or SIPs up to Rs. 20,000 in case of hospitalisation due to any injury.

  • EMI/SIP cover

    EMI/SIP cover

    Covers EMIs for ones existing loan in case of hospitalisation due to injury

  • End-to-end online process

    End-to-end online process

    You can easily buy the policy online through our 100% digital and paperless process.

  • No documents are required to buy the policy

    No documents are required to buy the policy

    When buying the EMI Protection/SIP Cover policy, you do not need to present any documents at the time of making the purchase.

Eligibility criteria and documents required

You need to fulfil the following criteria to buy EMI Protection/SIP Cover. If you meet all the eligibility criteria, we will need a few details to complete your application process.

Eligibility criteria

  • Exclusively for Bajaj Finance customers
  • Nationality: Indian 
  • Age: 18+ years

Documents required

No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:

  • Name
  • Address
  • Email addres
  • Phone number

Step-by-step guide to buy this policy

  • Step 1

    Step 1

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

  • Step 2

    Step 2

    Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.

  • Step 3

    Step 3

    Enter the One Time Password (OTP) received on your registered mobile number for verification.

  • Step 4

    Step 4

    If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.

  • Step 5

    Step 5

    At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards and wallet.

  • Step 6

    Step 6

    After the payment is successful, you can download the policy receipt instantly.

    You can also download the policy document from ‘My Account’ after 5 to 7 working days from the date of purchase of the policy.

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Policy details

Here’s a quick look at the policy details of EMI Protection/SIP Cover:

  • Premium of Rs. 123
  • Premium of Rs. 246
  • Premium of Rs. 369
Policy details Description
Sum insured (in Rs.) 1,000
Premium including GST (in Rs.) 123
Policy tenure 1 year
Policy details Description
Sum insured (in Rs.) 2,000
Premium including GST (in Rs.) 246
Policy tenure 1 year
Policy details Description
Sum insured (in Rs.) 3,000-20,000
Premium including GST (in Rs.) 369
Policy tenure 1 year

Key inclusions and exclusions

Have a quick look at the coverages offered and excluded under EMI Protection/SIP Cover:

  • Key inclusions
  • Key exclusions
Key inclusions Description
3 EMIs / SIP covered Covers payment of EMIs as opted for every completed period as per policy terms once per year up to a maximum of three EMI payments
Convalescence benefit Get coverage for expenses in the recovery phase
Key exclusions Description
Waiting periods Coverage prior to the initial waiting period of 30 days
Pre-existing conditions Expenses arising from the treatment of pre-existing conditions before 24 months from policy purchase

How to claim

You can reach out to the insurer (Care Health Insurance) to claim the benefits of the EMI Protection/SIP Cover policy by email or phone:

  • Insurer’s email address

    Insurer’s email address

    Share your policy document and medical reports at

  • Insurer’s toll-free number

    Insurer’s toll-free number

    You can also call on the toll-free helpline number - 1800-102-4488 and claim the benefits

  • Documents required to claim

    Documents required to claim

    To claim the benefits of EMI Protection/SIP Cover, you need to present the following documents:
    1. The policy document received at the time of purchase
    2. Medical certificates & reports received from the doctor
    3. Invoice/bills

  • Contact Bajaj Finance Ltd.

    Contact Bajaj Finance Ltd.

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

Frequently asked questions

What is EMI Protection/SIP Cover?

This policy provides insured persons with peace of mind regarding their EMI payments in circumstances when they’re undergoing medically necessary hospitalization. The policy covers up to three EMI payments for a defined period of hospitalisation, and can only be used once in a cover year

What is the claim process for EMI Protection/SIP Cover ?

Claims can be made by writing to the insurer at or by calling them on their toll-free number 1800-102-4488.

How much does this policy cost?

This policy starts at Rs. 123 per Rs. 1000 of EMI that was insured by the policyholder.

What is the eligibility criteria to avail of this policy?

Individuals 18 years and older in age can apply for this policy.

What is the waiting period for this policy?

The initial waiting period for this policy is 30 days. Furthermore, the policy has a waiting period of 24 months for listed ailments and pre-existing diseases.

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*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 Care Health Insurance Limited. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage under GROUP CARE 360 - UIN: RHIHLGP20126V011920. Please refer insurer's website for Policy Wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.