Bajaj Allianz has introduced a unique range of products under the name of Ability Insurance for the specially-abled. These products are a result of liberalized underwriting guidelines to include the specially-abled under the purview of insurance. Ability Insurance seeks to treat the physically-challenged at par with others in the society and thus, enables them to financially protect themselves and their families.
 
In order to cater to all kinds of physical disabilities and simplify the process of buying Ability Insurance, features of the products are explained in audio-visual format with sign language as well as in Braille for the visually-impaired.
 
Products currently offered under the Ability Insurance umbrella are:
 
Life Insurance
 
Bajaj Allianz Assured Protection – Regular premium ULIP that provides 100% allocation from 10th year onwards
Bajaj Allianz Max Advantage –  ULIP that guarantees highest unit price based on the highest NAV for a policy tenure of 10 years through Max Gain Fund II
Bajaj Allianz Invest Gain – Traditional plan that helps you develop a sound financial portfolio for your family
Bajaj Allianz Child Gain – A child plan with inbuilt Waiver of Premium and Family Income benefits to help you plan for your child’s future
Bajaj Allianz Super Saver – A regular premium endowment plan, which helps you save regular amounts for a safer tomorrow through extra benefits of Guaranteed additions to the sum assured at end of every policy year
 
General Insurance
 
Motor Insurance
Health Insurance
 
Commenting on the launch of the initiative, Akshay Mehrotra, Head-Marketing, Bajaj Allianz says “We got an opportunity to interact with the specially-abled persons during the sponsorship of an event honoring them. It is then we realized that their financial needs are not any different from others in the society and that they too require financial security for themselves and their families. We feel Ability Insurance is a step towards enabling them to realize their dreams of financial freedom.”
 
Key Benefits offered by Ability Insurance are:
 
Pre-policy Medical examination to be done at home for life and health insurance
Driving license/endorsement waived off for disabled drivers, in case of claims
Additional discount for disabled driver’s vehicles
Free road side assistance to each disabled driver vehicle which includes services like tyre puncture repair, lost key services etc.
 
There are no extra loading charges in the life and health insurance products that are usually applicable in the cases of disability, as they are more prone to risk. However, any cost associated with treatment of the disability is excluded.

There are over 2 crore people in India suffering from various disabilities as per the 2001 census. It is believed that this is the highest number of disabled people in the world. Almost half of this population suffers from vision impairment and a fourth with some sort of movement disability.
 
Committing itself to the cause of disability, last year Bajaj Allianz introduced “Super Idols”, which is a platform to recognize the achievements of people who have made a difference to the lives of others, despite having disabilities. This year, 13 achievers were felicitated in an award ceremony on 29th November 2010.

Source :-  India Infoline