Bajaj General Insurance — MHCP EDGE+ (Up to Rs 5 crore)
📅 Published 22 May 2026 · May 2026
Bajaj General Insurance — MHCP EDGE+ (Up to Rs 5 crore)
What: Bajaj General Insurance launched MHCP EDGE+, health indemnity plan with sum insured from Rs 5 lakh to Rs 5 crore, unlimited reinstatement, global treatment coverage, AYUSH, preventive/wellness services, modular add-ons and riders.
Significance:
Health financing: Expands options for high-value health cover; addresses rising OOP healthcare costs.
Insurance innovation: Features like lifetime renewability, multi-year tenure align with market demand for comprehensive plans.
UPSC relevance: Health financing, insurance penetration and regulatory aspects.
Possible Q: Critically examine the role of private health insurance in reducing out‑of‑pocket expenditure in India.