To get more insight into Bajaj Allianz Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
Bajaj Allianz Life Insurance has a Solvency Ratio of 3.6 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
To cater to the dynamic insurance needs of an individual and their family, Bajaj Allianz Life Insurance comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
---|---|---|---|---|
Bajaj Allianz Life POS Goal Suraksha Plan | Minimum Age - 0 years Maximum Age - 55 years | Minimum- Rs 30,000 Maximum- Rs 25 lakhs | Minimum-Rs. 30,000 |
|
There are multiple benefits of Bajaj Allianz Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Bajaj Allianz Life Insurance is accredited with CARE AAA (IS), which shows that the company offers the highest degree of safety regarding the timely servicing of financial obligations.
Bajaj Allianz provides option to add riders. There are various rider options available including Critical Illness Rider, Accidental Death/Total Permanent Disability Rider, Waiver of Premium Rider, and more.
Bajaj Allianz Life provides digital customer support 24 hours a day, seven days a week, and the insurance firm has a strong customer service department.
As per the records, 95.49% of non-investigative individual claims were approved in one working day for FY 2021-22.
Bajaj Allianz Life has received several awards for unparalleled services such as India Summit and Awards 2020, prize for 'Best Fraud Intelligence, The Best Digital Customer Experience Initiative', etc.
Here are the rider options you can avail with Bajaj Allianz Life Insurance Plans to enhance your coverage:
Here is the list of documents required to buy the Bajaj Allianz Life Insurance Policy:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Filing a claim for the Bajaj Allianz Plan is a simple and hassle-free task. You can easily submit your claims online or offline. To file a claim for Bajaj Allianz Plan, you need to follow the below-mentioned steps.
Inform the company about the incident via various channels- by writing an email at balic.healthclaims@healthindiatpa.com, calling the toll-free number (1860 209 7272), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
You have to submit the necessary documents requested by the company to process the claim.
In case of natural death
Death claim form, Death certificate,Original policy documents, Claimant's identity & residence Proof, Medical records, Account details of nominee.
In case of Accidental Death
Same documents with two additional documents: FIR and Post-mortem report.
After receiving all the documents and claim forms, the company will verify the details as per their norms. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
The Bajaj Allianz Life insurance claim settlement procedure can be reported by visiting the local Bajaj Allianz Branch Office. For the details of Bajaj Allianz Life Insurance branches you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding Bajaj Allianz Life Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
4.6
Rated by 872 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
Do you have any thoughts you’d like to share?