Bajaj Life
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Hdfc Life

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Bajaj Life vs Hdfc Life

Bajaj Life

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

Hdfc Life

HDFC Life is a joint venture between HDFC Ltd., India& 039;s leading housing finance institution, and Aberdeen PLC. It is present in around 980+ towns and cities in India.

COMPANY DETAILS Edit Bajaj Allianz Life Insurance

Bajaj Life

 Edit HDFC Life Insurance

Hdfc Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

461.43 Cr.

Annual Premiums Collected (2023-24)

962.83 Cr.
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump sum, fixed payouts, or a combination of both
Claim ratio

Claim ratio

99.04%

Claim ratio

99.3%
Solvency Ratio

Solvency Ratio

3.6

Solvency Ratio

2
Branches

Branches

544+

Branches

372 branches
Riders Available

Riders Available

Waiver of Premium Benefit Rider, Family Income Benefit Rider, Accidental Death Benefit Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Critical Illness Rider

Riders Available

Income Benefit on Accidental Disability Rider, Critical Illness Plus Rider, Protect Plus Rider, Health Plus Rider
Policy Term

Policy Term

10 to 40 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance commenced its operations in 2001. It is a joint venture between - Bajaj Finserv Limited, one of India's most diversified non-banking financial institutions, and Allianz SE, one of the world's leading asset managers and insurers. It serves millions of customers through its 544 branches, 1,01,380+ agents, and trusted partners through its online channels.

Bajaj Allianz Life Insurance Company ensures to look after your insurance needs by offering:

why-choose

  • Best term insurance plans

  • Unit-linked plans

  • Savings plans

  • Investment plans

  • Retirement plans

  • Child plans

Bajaj Allianz Life Insurance Company keeps the brand promise "Life Goals Done" at the core of its insurance products and continues to launch innovative insurance solutions.

Riders

Riders You Can Avail With Bajaj Allianz Life Insurance Plans

Name of the rider Benefits
Bajaj Allianz Waiver of Premium Benefit Rider Future premiums are waived in case of the policyholder’s demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.
Bajaj Allianz Family Income Benefit Rider 1% of the sum assured is offered for a rider term or 10 years as family income in case of accidental death, disability, or diagnosis of any of 11 critical illnesses.
Bajaj Allianz Accidental Death Benefit Rider In case of the policyholder’s demise due to an accident, an additional payout is given to the nominee along with the base sum assured. 
Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider Additional payout is offered in case of total or partial disability of the policyholder due to an accident. 
Bajaj Allianz Critical Illness Rider Benefits are offered to the nominee in case of the policyholder’s demise due to any of 11 listed critical illnesses.
 

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Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

Bajaj Allianz Life Investment Plans Plans

Bajaj Allianz Life Investment Plans

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Allianz Life POS Goal Suraksha Plan (Pros)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Allianz Life POS Goal Suraksha Plan (Cons)

Bajaj Allianz Life POS Goal Suraksha Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

Bajaj Allianz Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Allianz Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 30 thousand
  • Maximum sum assured- 25 Lac
  • Maximum policy terrm- 67 years

Quick and Free Quick Comparison with Other Insurers

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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