The first life insurance policy for egg donors and surrogate mothers has been introduced by Aegon Life, effectively guaranteeing their financial security. India’s Ministry of Health & Family Welfare is spearheading this effort to ensure that the Surrogacy (Regulation) Act, 2021 and the Assisted Reproductive Technology (Regulation) Act, 2021 are put into effect.
Aegon Life stated that the coverage includes a three-year life insurance policy for surrogate mothers and a one-year insurance policy for egg donors to safeguard against potentially fatal complications of the two procedures.
If there should be an occurrence of an awful occasion prompting their passing, the strategy gives monetary insurance to their candidates.
Aegon Life, the digital life insurance company in India, claims to be the first in India to offer online term insurance.
Bajaj Allianz Life Insurance has introduced a unique term plan, the Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, in a separate development. The insurance company said in a statement that this is the first-ever protection plan for people with Type 2 diabetes and pre-diabetes in the Indian life insurance industry.
The plan covers diabetes patients by taking into account the specifics of their condition. The comprehensive plan will enable individuals with pre-diabetes or Type 2 diabetics whose HbA1c is greater than 8% to provide financial security. The average levels of glucose (sugar) in the blood over the past two to three months are called HbA1c.
