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Bajaj Allianz General to launch new product in around 7 months

The company plans to design a health insurance product where the pricing will be based on gender

August 31, 2012 12:09 IST | India Infoline News Service
Bajaj Allianz General Insurance Company Ltd is planning to introduce gender based pricing of its health insurance products, the media reports said.

According to a study by Pune-based insurer, Indian women have lower chance of suffering an illness. The company plans to design a health insurance product where the pricing will be based on gender. The product would be ready by around seven months and the premium charged for women will be lower than that of men, the company said.

At present, non-life insurers calculate premium charges based on the potential buyers’ age and not on the basis of their gender while life insurers charge a higher premium rate for women.

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