Bajaj Allianz Term Insurance

Bajaj Allianz Term Insurance

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Bajaj Allianz Term Insurance Company

Bajaj Allianz Term Insurance is one of the leading life insurance companies in India. Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. The joint venture incorporates global expertise with local experience. Both enjoy a status of expertise, stability, and strength. The comprehensive life insurance solutions, technical expertise, and experience of Allianz SE combines with the in-depth market knowledge and goodwill of "Bajaj" brand in India. Competitive pricing and customized life insurance solutions have earned Bajaj Allianz Life the customer's trust and market leadership in a very short time.

Bajaj Allianz Life has developed life insurance solutions that cater to every segment and age-income profiles. Currently, Bajaj Allianz Life has a strong life insurance portfolio and caters to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance.

Term insurance is a form of life insurance, which is designed to provide protection to the insured’s family. There will be no benefit for the insured, but his/her family will be able to reap its benefits. As a nominee, your family will get the entire sum assured amount and several other benefits that will help in dealing with financial issues after you.

The term insurance refers to be the purest form of insurance. Under the same, the insurer will pay an amount to the family of insured in case of his/her demise or any accident that leads to permanent disability.

Importance Of Bajaj Allianz Term Insurance

While a person starts earning, by the time he retires, his family is dependent on his earnings. With his recurring earnings and his savings, he fulfills his numerous economic goals. However, life is unsure and an unlucky event that includes death or permanent disability which can cease his ability to earn.

Subsequently, every man or woman is required to protect his family towards any unfortunate incident attached to his life so that they continue to lead the same lifestyle if he/she isn't alive.

Bajaj Allianz Term Insurance Plans

The only objective of a term coverage is to defend the insured’s family from the financial implications of unfortunate occasions that one cannot foresee.

Those term insurance plans are natural threat cover plans without or with maturity gain. Those risk plans cover your life at a nominal value, for your family’s protection and for clearing your debts that you have taken in the form of the home loan, car loan and much more.

Bajaj Allianz Life eTouch Online Term

This Term plan offers comprehensive protection against the different stages of life. With Bajaj Allianz Life eTouch Online Term Plan you can secure the financial future of your loved one's with up to Rs. 10 crores as life cover.

Bajaj Allianz iSecure Insurance Plan

It is a level cover term assurance plan that secures your family's financial needs by giving you a level term cover for high sum assured, but at a low cost. After this policy term expires the term insurance cover is no longer valid. If the insured dies during this term, the death benefit is paid to the nominee.

Bajaj Allianz iSecure More

It is an increasing cover term assurance plan that enhances your protection to meet your family's increasing financial requirements. It is a plan that helps to secure your family more & more as the years go by.

Bajaj Allianz iSecure Loan

iSecure loan insurance plan protects you from any loan liabilities This term insurance plan is the best way to secure your family from any kind of loan liabilities.

Bajaj Allianz Life Secure

A non-linked whole life term plan that provides protection at all stages of our life, but most of the time achieving this through-out our life is very difficult. It offers term assurance cover, accidental death cover and critical illness cover, depending on your choice.

Bajaj Allianz LifeStyle Secure

It is a non-linked, non-participating regular premium payment insurance plan that provides level cover term assurance or terminal illness benefit. No maturity benefit shall be payable on survival till the end of the policy term.

Features & Benefits Of Bajaj Allianz Term Insurance Plans

The salient features of Bajaj Allianz term insurance Plans are listed under :

  • Insured can increase their insurance coverage, which depends on the policy tenure.

  • Customers can avail both joint and single life cover.

  • High sum assured rebate.

  • Customers may additionally pick policy terms ranging from 10 years to 30 years.

  • Tax benefits under Sec 80C and 10(10D).

  • Clients can select to take the death benefit in monthly installments.

  • Protection from mortgage liabilities.

  • Life cover up to a hundred years.

  • Offers improved terminal illness and accidental cover.

  • Offers appealing quotes on premium for women.

Why Bajaj Life Insurance?

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of expertise, stability, and strength. This joint venture company incorporates global expertise with local experience. The comprehensive, innovative solutions combine the technical expertise and experience of the 119-year- old Allianz SE, and in-depth market knowledge and goodwill of "Bajaj brand" in India. Competitive pricing and quick honest response have earned the company the customer's trust and market leadership in a very short time.

Contact Address

GE Plaza, Airport Road, Yerawada Pune - 411 006.
Tel :020-66026777Tel : 020-66026777, Fax : 020 -66026789

Bajaj Allianz Life Insurance News

Monday November 30, -0001

Monday November 30, -0001

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.

 “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.

Right now, there are 24 life insurers and 33 general insurance companies operating in the country.

Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.

Monday November 13, 2017

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