Disability does not reduce one's capacity to protect his or her family, nor does it affect the individual's investments. With this intent, Bajaj Allianz recently introduced a unique range of products under the name of 'Ability Insurance' for the specially-abled.
"Ability insurance seeks to treat the physically challenged at par with others in the society. Therefore, there are no additional loading charges in our life and health insurance products that are usually applicable in the cases of disability," says Akshay Mehrotra, head, marketing, Bajaj Allianz. However, any cost associated with the treatment of the disability is excluded.
Currently, the products offered under Ability insurance are in three categories-life, motor and health. The life insurance category further includes special schemes, such as Bajaj Allianz Max Advantage (a unit-linked insurance policy), Bajaj Allianz Child Gain (a child plan) and Bajaj Allianz Super Saver (an endowment policy).
To simplify the insurance buying process and explain the features of the products to their differently-abled customers, the company has audio-visual formats with sign language as well as scripts in Braille. Also, there are some unique benefits, such as the pre-policy medical examination to be conducted at the policyholder's home, discount on disabled driver's vehicle insurance and free roadside assistance to disabled drivers.
Key benefits offered
- Pre-policy medical examination done at home.
- Driving license/endorsement waived off for disabled drivers, in case of claims.
- Additional discount for disabled driver's vehicle insurance.
- Free roadside assistance to disabled driver's vehicle.
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