Bajaj General Insurance Launches MHCP EDGE Plus, a Flexible, Next-Generation Health Indemnity Plan with Coverage upto INR 5 Crores
Pune (Maharashtra) [India], May 19: Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India’s leading private general insurers, today announced the launch of ‘My Health Care Plan Edge+’ (MHCP EDGE+), a comprehensive health indemnity solution designed to address rising healthcare costs and reduce out-of-pocket expenses through enhanced flexibility and customisation.
- Sum insured options from INR 5 Lakhs up to INR 5 Crores
- Unlimited reinstatement ensuring continued coverage within the policy year
- Modular design with multiple add-ons and riders for customised protection
- Coverage for consumables, modern treatments, and global care options
- Age Shield feature to lock premium at the entry age until a claim is made
- Smart Tenure enables customers to pool their total sum insured across the policy tenure and use it flexibly, even from the first year
Built on the solid foundation of its existing MHCP offering, MHCP EDGE+ combines core hospitalisation coverage with a wide suite of optional riders, enabling customers to tailor their policy based on evolving healthcare needs, life stage, and affordability. The plan offers sum insured options ranging from INR 5 Lakhs up to INR 5 Crores, along with unlimited reinstatement of the sum insured within a policy year, ensuring continued protection even in case of multiple claims. The base plan provides comprehensive coverage for hospitalisation expenses including room rent, ICU charges, surgeries, modern treatment methods, AYUSH therapies, and pre and post hospitalisation costs. It also covers day care procedures, domiciliary hospitalisation, organ donor expenses, and emergency ambulance services, offering holistic financial protection during medical contingencies.
A key differentiator of MHCP EDGE+ is its modular structure, which allows customers to enhance their coverage through a range of add-ons and riders. These include Consumables Plus to minimise non-payable expenses at the time of discharge, Super Cumulative Bonus for accelerated growth of the sum insured, and Major Illness and Accident Multiplier benefits for higher protection during critical events. The product also offers global coverage options for both emergency and planned treatments abroad, catering to customers with international healthcare needs.
In addition, MHCP EDGE+ introduces features focused on long-term affordability and future readiness. The Age Shield rider enables customers to lock their premium at entry age until a claim is made, while Smart Tenure allows customers to combine their sum insured across the full policy tenure, giving them access to a larger overall coverage amount that can be used as needed, even in the early years of the policy. Customers can opt for Global Cover, which provides access to both planned and emergency treatments abroad, expanding care beyond India. The Health Limitless rider further enhances protection by offering one claim without any annual sum insured limit during the policy lifetime. The plan further extends into wellness and preventive care through optional offerings such as the Health Prime rider, which includes teleconsultations, in clinic consultations, diagnostic support, preventive health check-ups, and lifestyle and fitness related services.
