Lic Investment vs Bajaj Life

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
Happy Customers

Buy Policy in 2 mins

With expert guidance

Buy Policy in just 2 mins

2 lakh + Customers

Real-time Reviews

Easy and Efficient

Free Comparison

Easy Comparison

30

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Select Insurer

Compare

Lic Investment vs Bajaj Life

COMPANY DETAILS Edit LIC Investment Plans

Lic Investment

 Edit Baja Life Insurance

Bajaj Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

000 to No limit

Annual Premiums Collected (2024-25)

160.06 crore
Payout Options

Payout Options

-

Payout Options

Bajaj Life Insurance plans offer flexible payout options, allowing nominees to receive benefits as a
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

99.33%%
Solvency Ratio

Solvency Ratio

80 years

Solvency Ratio

2.6
Branches

Branches

Annual, half-yearly,

Branches

598
Riders Available

Riders Available

Minimum term: 6 years. Maximum term: 30 years.

Riders Available

Bajaj Life Insurance claim forms are available for download on their official website or can be obtained from any Bajaj Life Insurance branch office.
Policy Term

Policy Term

5 to 30 years

Policy Term

10 to 40 years
Recommended Videos
6 Best LIC Plans to Invest

6 Best LIC Plans to Invest

Bajaj Life Insurance Plans

Bajaj Life Insurance Plans

Overview

LIC Investment Plans: Overview

The Life Insurance Corporation of India (LIC) is the oldest player in India's insurance sector, serving the country's insurance needs for a long period. As a leading player in the market, LIC has maintained its reputation as the largest insurance company in India.

LIC Investment Plans are tailored to meet customers' financial and investment needs, such as education, health, life cover, children's marriage, and retirement. These plans are designed to effectively address financial burdens during life's emergencies and uncertainties.

LIC Investment Plans are designed to meet your investment needs by offering:

  • Maturity benefits
  • Death benefits
  • Participation in profits
  • Additional riders to choose from

Riders

Riders You Can Avail with Bajaj Life Insurance Plans

Name of the rider Benefits
Bajaj 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 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 the 11 critical illnesses.
Bajaj 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 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 Critical Illness Rider Benefits are offered to the nominee in case of the policyholder's demise due to any of 11 listed critical illnesses.

Consult for Personalized Insurance Advice

Contact With Advisor

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Life Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Bajaj Life Insurance

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

Life Plan Plans

Life Plan

Bajaj Life POS Goal Suraksha Plan

Bajaj Life POS Goal Suraksha Plan

The Bajaj POS Goal Suraksha Plan combines a life insurance plan and a savings plan. It offers death benefits to your loved ones in case of your unfort...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Life POS Goal Suraksha Plan (Pros)

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

Bajaj Life POS Goal Suraksha Plan (Cons)

Bajaj Life POS Goal Suraksha Plan
  • No coverage for pre-existing conditions
  • No surrender benefit
  • No guaranteed benefit

Bajaj Life POS Goal Suraksha Plan (Other Benefits)

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

Bajaj Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Life POS Goal Suraksha Plan
  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 65 years
  • Minimum Sum Assured: ₹30
  • 000
  • Maximum Sum Assured: ₹25 Lakhs
  • Maximum Policy Term: 67 years.

Quick and Free Quick Comparison with Other Insurers

Icici Prudential
Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Reliance Life
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Bajaj Life
Axis Max Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Go Digit Life Insurance
Acko Life Insurance Company
Icici Prudential
Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Reliance Life
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Axis Max Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Go Digit Life Insurance
Acko Life Insurance Company
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.

You May Also Know About:

Term Insurance Life Insurance Life Insurance Companies Child Plans Investment Plans Pension Plans ULIP Plans