What is the Bajaj ₹1 Crore Term Insurance Plan?
A Bajaj ₹1 Crore Term Insurance plan is a financial tool designed to protect your family's financial future. If the policyholder passes away during the policy term, Bajaj Allianz Life Insurance will pay ₹1 Crore to the family, ensuring their financial stability. Bajaj Allianz Life offers several plans providing ₹1 Crore coverage, such as iSecure More, Smart Protect Goal, iSecure Loan, Life Secure, and e-Touch Plan.
Benefits of a ₹1 Crore term insurance plan include financial safety, high coverage, affordable premiums, and debt protection. Premiums for Bajaj Allianz Life ₹1 Crore term insurance start from just ₹500 per month.
₹1 Crore Term Insurance Plans Offered By Bajaj Allianz Life
Here is a list of ₹1 Crore term insurance plans offered by Bajaj Allianz Life Insurance:
| Plan Name | Entry Age | Maturity Age | Policy Tenure | Unique Features |
| Bajaj iSecure More | 18 to 60 years | 70 years | Minimum: 10 years, Maximum: 25 years |
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| Bajaj Smart Protect Goal | 18 to 65 years | 99 years | Minimum: 5 years, Maximum: 99 minus entry age |
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| Bajaj iSecure Loan | 18 to 60 years | 65 years | Minimum: 10 years, Maximum: 25 years |
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| Bajaj Life Secure | 25 to 55 years | Whole Life (up to 100 years) | 100 minus entry age |
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| Bajaj e-Touch II | 18 to 65 years | 85 years | Minimum: 10 years, Maximum: 40 years |
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Overview of ₹1 Crore Bajaj Allianz Life Term Insurance Plans
Below is a brief overview of each plan, highlighting why it might be the right choice for you.
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Bajaj iSecure More Plan
Bajaj Allianz Life iSecure More is a pure term insurance plan that financially protects your family in your absence. It offers a Joint Life Coverage option to include your spouse under the same plan. You can enhance coverage with additional rider benefits.
Why Choose Bajaj iSecure More Plan?
- Sum assured increases by 5% annually, up to a maximum of twice the original sum assured.
- High sum assured discounts.
- Flexibility to choose policy term, alter premium payment frequency, and more.
- Option to receive death payout in installments.
- Choice of sum assured.
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Bajaj Smart Protect Goal
Bajaj Allianz Life Smart Protect Goal is a comprehensive term insurance plan that financially safeguards your family in your absence. It offers policyholders the option to receive all their premiums back, along with critical illness protection.
Why Choose Bajaj Smart Protect Goal?
- Option to receive all your premiums back.
- Whole life protection up to 99 years.
- Flexibility to choose a limited or regular premium payment option.
- Critical illness coverage against specified illnesses.
- Policy loan facility (with Return of Premium option).
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Bajaj iSecure Loan
Bajaj Allianz Life iSecure Loan protects your family from the burden of outstanding loans or debts in case of your demise during the policy tenure. This plan allows you to cover yourself, your spouse, or a business partner. Attractive rebates are available for a sum assured greater than ₹5 Lakhs.
Why Choose Bajaj iSecure Loan?
- Attractive high sum assured discount.
- Lower cost of insurance by covering liabilities.
- Flexibility to choose the policy tenure.
- Limited premium payment term (e.g., 2/3rd of your policy term).
- Enhance coverage with additional rider benefits.
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Bajaj Life Secure
Bajaj Allianz Life Secure protects you at all stages of life, enabling a stress-free existence. This plan offers three coverage options: Death Benefit, Death Benefit plus Accidental Death Benefit, and Death Benefit plus Waiver of Premium.
Why Choose Bajaj Life Secure?
- Life coverage up to 100 years.
- Choice of four premium payment terms: 5, 7, 10, or 15 years.
- High sum assured rebate.
- Special discounts for women policyholders.
- Option to change the premium payment frequency.
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Bajaj e-Touch II
Bajaj Allianz Life e-Touch II is a pure protection plan designed to shield your family from life's uncertainties. Its premium holiday option allows you to skip premiums for 1, 3, or 5 years.
Why Choose Bajaj e-Touch II?
- Flexibility to pay premiums.
- Additional payout in case of accidental death.
- Option to defer premium payments for up to 12 months.
- Premium holiday option to skip premiums during financial uncertainty.
- Return of premium option.
Benefits of Bajaj Allianz Life ₹1 Crore Term Insurance Plans
Buying a ₹1 Crore term insurance plan from Bajaj Allianz Life offers numerous benefits:
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Financial Safety
A ₹1 Crore term insurance from Bajaj Allianz Life provides financial safety to your family in case of your demise during the policy tenure. It ensures your family can maintain a comfortable lifestyle even in your absence.
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Tax Benefits
Premiums paid for Bajaj Allianz Life ₹1 Crore term insurance are eligible for tax benefits under Section 80C of the Income Tax Act, 1961.
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Loan Protection
A Bajaj Allianz Life ₹1 Crore term insurance plan can provide loan protection for your family. It ensures that any outstanding loans do not become a burden for your loved ones.
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Choice of Payout
You can choose your preferred payout option with Bajaj Allianz Life ₹1 Crore term insurance plans. Available payout options include lump sum, monthly, quarterly, half-yearly, or yearly installments.
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Enhanced Protection with Riders
A ₹1 Crore term insurance from Bajaj Allianz Life allows you to enhance coverage with additional riders such as Accidental Death Benefit, Waiver of Premium, and Critical Illness riders.
Documents Required to Buy A Bajaj Allianz Life ₹1 Crore Term Insurance
To purchase a Bajaj Allianz Life ₹1 Crore term insurance plan, the following documents are typically required:
| Types of Documents | Documents |
| Identity Proof (Any one of the following) | Passport, Voter ID, Aadhaar Card, PAN Card |
| Income Proof | Salaried: Last 3 months' salary slips and bank statements showing salary credits. |
| Self-employed: Last 3 years' Income Tax Returns (ITR) with Computation of Income (COI). | |
| Address Proof (Any one of the following) | Water Bill, Telephone Bill, Aadhaar Card, Rent Agreement, Electricity Bill |
| Medical Reports | Latest medical test reports (if required by the insurer). |
How to Buy a Bajaj Allianz Life ₹1 Crore Term Insurance Plan?
You can purchase a Bajaj Allianz Life ₹1 Crore term insurance plan either from PolicyX.com or the insurer's official website.
Buying From PolicyX.com
Step 1: Visit PolicyX.com.
Step 2: Enter your age, gender, city, annual income, name, and mobile number.
Step 3: Provide your date of birth, educational qualification, occupation, and smoking habits. Click 'Continue'.
Step 4: Select ₹1 Crore as your coverage amount and 'Bajaj Allianz Life Insurance' as the company.
Step 5: A list of Bajaj Allianz Life ₹1 Crore term plans will be displayed.
Step 6: Select a plan that best suits your needs and proceed with the premium payment.
Upon successful payment, you will receive the payment receipt.
Buying From the Insurer’s Website
You can purchase the Bajaj Allianz Life ₹1 Crore term insurance policy from their official website or any Bajaj Allianz Life branch office.
Conclusion
A ₹1 Crore term insurance plan from Bajaj Allianz Life Insurance provides a comfortable lifestyle for your loved ones in your absence. It is an ideal choice for anyone looking to secure their dependents' financial future. To calculate the premium cost for your ₹1 Crore term insurance plan, you can use the PolicyX term insurance calculator.
If you need assistance in choosing the best Bajaj Allianz Life ₹1 Crore term insurance plan, contact PolicyX.com or call us at 1800-420-0269.
We offer expert, unbiased insurance advice.
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