Bajaj Term Insurance

Bajaj Life Term Insurance commenced its operations in 2001 and expanded its pres ...Read More

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Happy Customers

PolicyX is one of India's leading digital insurance platform

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Bajaj Term Insurance: Overview

Bajaj is a joint venture between Bajaj Finserv Limited (a non-financial institution) and SE (the world’s leading global insurance company), one of the reliable and trusted term insurance companies in India. It offers a wide range of insurance products to cater to the needs of its customers. Its offerings include term insurance plans, ULIPs, child plans, NRI plans, savings plans, etc. Bajaj term insurance plans offer a financial safety net to your loved ones in case of your unfortunate demise during the policy term. 

The Bajaj term plans are easy on your pocket and can be purchased online from the comfort of your home. There are various term insurance plans offered by Bajaj that you can choose from. 

What are some of the
Benefits
that set them apart?

  • Death benefit payout options

  • Flexible policy tenure

  • Additional riders to choose from

  • Shield against death, terminal illness and disability

  • Varied sum assured options

  • Tax-saving benefits

  • Discounts on premiums

  1. Solvency Ratio
    3.59
  2. Claim Settlement Ratio
    99.29
  3. Annual Premium
    23043.04 cr
  4. Branches
    576

Bajaj Term Insurance Plans

Bajaj Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Bajaj Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Bajaj Superwoman Term Plan Plan Minimum age- 18 years, Maximum age- 60 years Yearly, half-yearly, quarterly, and monthly Rs 50 lakhs
  • Terminal Illness Benefit
  • Waiver of Premium
  • Critical Illness Benefit
Bajaj iSecure More Plan Minimum age- 18 years, Maximum age- 60 years Yearly, half-yearly, quarterly, and monthly Rs 2.5 lakh
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover
Bajaj Diabetic Term Plan Minimum Age - 18 years Maximum Age - 60 years Annual, half-yearly, quarterly & monthly Rs 25 lakhs
  • Life cover for diabetics
  • Get health coach
  • Get 2nd medical opinion
Bajaj Life Smart Protect Goal Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • Child protect cover
  • Joint life cover
  • Increasing life cover
Bajaj Lifestyle Secure Plan Plan Minimum Age - 18 years Maximum Age - 50 years Annual, half-yearly, quarterly & monthly Rs 3 lakhs
  • Attractive rates for female lives
  • High sum assured rebate
  • No medical examination
Bajaj iSecure Loan Plan Minimum Age - 18 years Maximum Age - 60 years Annual, half-yearly, quarterly & monthly Rs 3 lakhs
  • High sum assured rebate
  • Option to enhance your coverage with rider benefits
  • Life coverage against loan
Bajaj Saral Jeevan Bima Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 5 lakhs
  • Life covers up to a term of 40 years
  • Pay premiums at your convenience
  • Settlement Option with Return Enhancer
Bajaj Life Secure Plan Minimum Age - 25 years Maximum Age - 55 years Annual, half-yearly, quarterly & monthly No limit
  • 3 coverage options to choose from
  • Attractive premium rates for female lives
  • Life cover up to the age of 100 years
Bajaj iSecure plan Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 25 lakhs
  • Flexibility to choose your policy term depending on your requirements
  • Alter your premium payment frequency
  • Option to enhance your coverage with rider benefits
  • Get rewarded for maintaining a healthy lifestyle
Bajaj Life e-Touch Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • Shield for your life to cover Death & Terminal Illness
  • Exit early
  • Premium Holiday option

Overview of Bajaj Term Insurance Plans

Here is a quick overview of the Bajaj Term Insurance Plans listed in the above table.

Bajaj Superwoman Term Plan Plan

The Bajaj  Superwoman Term Plan by Bajaj Life Insurance is a woman-centric plan that offers financial protection to their family in case something unfortunate happens to them.

Here are the key features of the above plan
  • Death Benefits
  • Terminal Illness Benefit
  • Waiver of Premium
  • Critical Illness Benefit
  • Child Care Benefit
  • Free Health Management Services

Explore other Bajaj Term Insurance

Bajaj Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Term Insurance plans. Below is the list of term plans offered by Bajaj Term.

‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’ Bajaj Life Superwoman T...

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Pros)

Bajaj Superwoman Term Plan
  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Cons)

Bajaj Superwoman Term Plan
  • 1 year waiting period for suicide
  • No policy loan
  • No pre-existing illness cover

Bajaj Superwoman Term Plan (Other Benefits)

Bajaj Superwoman Term Plan
  • Death Benefits
  • Terminal Illness
  • Benefit Waiver of Premium

Bajaj Superwoman Term Plan (Eligibility Criteria)

Bajaj Superwoman Term Plan
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 50 lakhs
  • Max maturity age - 99 years
  • PPT - RP/SP/LP

Bajaj iSecure More by Bajaj Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ones in case of ...

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate

Bajaj iSecure More (Pros)

Bajaj iSecure More
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Bajaj iSecure More (Cons)

Bajaj iSecure More
  • 1 year WP for suicide
  • No policy loan
  • No whole life coverage

Bajaj iSecure More (Other Benefits)

Bajaj iSecure More
  • Death Benefits
  • Increasing Sum Assured
  • Tax Rebates

Bajaj iSecure More (Eligibility Criteria)

Bajaj iSecure More
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 2.5 lakhs
  • Max maturity age - 70 years
  • PPT - Same as policy term

Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individual...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Diabetic Term (Pros)

Bajaj Diabetic Term
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Diabetic Term (Cons)

Bajaj Diabetic Term
  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Bajaj Diabetic Term (Other Benefits)

Bajaj Diabetic Term
  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Bajaj Diabetic Term (Eligibility Criteria)

Bajaj Diabetic Term
  • Entry Age -30 Years
  • Max Entry Age- 6 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP

Bajaj Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates, comes i...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Life Smart Protect Goal (Pros)

Bajaj Life Smart Protect Goal
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Life Smart Protect Goal (Cons)

Bajaj Life Smart Protect Goal
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Life Smart Protect Goal (Other Benefits)

Bajaj Life Smart Protect Goal
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Bajaj Life Smart Protect Goal
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5 L
  • Max Maturity Age - 75 Yrs(ROP)
  • Premium Payment Term - RP/SP/LP

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance. What if we told you...

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term

Bajaj Lifestyle Secure Plan (Pros)

Bajaj Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Lifestyle Secure Plan (Cons)

Bajaj Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Lifestyle Secure Plan (Other Benefits)

Bajaj Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Lifestyle Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 3L
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj iSecure Loan (Pros)

Bajaj iSecure Loan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj iSecure Loan (Cons)

Bajaj iSecure Loan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj iSecure Loan (Other Benefits)

Bajaj iSecure Loan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj iSecure Loan (Eligibility Criteria)

Bajaj iSecure Loan
  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - 10/ 15/ 20/ 25 years

Bajaj Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security t...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Saral Jeevan Bima (Pros)

Bajaj Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Saral Jeevan Bima (Cons)

Bajaj Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Saral Jeevan Bima (Other Benefits)

Bajaj Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Bajaj Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating ...

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Life Secure (Pros)

Bajaj Life Secure
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Life Secure (Cons)

Bajaj Life Secure
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Life Secure (Other Benefits)

Bajaj Life Secure
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Life Secure (Eligibility Criteria)

Bajaj Life Secure
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5 7 10 and 15 years

Bajaj iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards ...

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj iSecure plan (Pros)

Bajaj iSecure plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj iSecure plan (Cons)

Bajaj iSecure plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj iSecure plan (Other Benefits)

Bajaj iSecure plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj iSecure plan (Eligibility Criteria)

Bajaj iSecure plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 10 to 25 Yrs

Bajaj e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various...

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Life e-Touch (Pros)

Bajaj Life e-Touch
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Life e-Touch (Cons)

Bajaj Life e-Touch
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Life e-Touch (Other Benefits)

Bajaj Life e-Touch
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Life e-Touch (Eligibility Criteria)

Bajaj Life e-Touch
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Riders You Can Avail With Bajaj  Term Insurance Plans

You can avail of the following riders with Bajaj term 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 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.

Benefits of Bajaj Term Insurance

Bajaj Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Bajaj Term Insurance Plans:

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Eligibility Criteria of Bajaj Term Insurance Plans

To purchase a Bajaj term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.

Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium. 

Health condition: Since a Bajaj term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement. 

Income: A Bajaj term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan. 

Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.

Citizenship: Indian citizens can buy a Bajaj term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.

Additional Benefits Offered By Bajaj Plans

Bajaj Term Insurance Plans offer various additional benefits to the policyholders.

Premium Holiday Option

Some Bajaj term plans, such as Bajaj eTouch, offer you the option to skip your premiums for 1, 2, and 3 years in case of any uncertainty.

Health Management Services

Bajaj term plans, such as Bajaj Life Diabetic Term Plan II Sub 8 HbA1c, offer health management services through webinars, medical consultations, etc.

High Sum Assured Rebate

Bajaj Term Plans offer discounts to the policyholders on choosing high sum assured with their plan.

Joint Life Cover

Bajaj term insurance plans, such as Bajaj Life iSecure, offer a joint life cover option so that you can cover your spouse under a single plan.

Female Life Rebate

Some Bajaj term plans, such as Bajaj Life Saral Jeevan Bima, offer special discounts to female policyholders

Types of Bajaj Term Plans

There are various Bajaj term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: Bajaj Saral Jeevan Bima

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: Bajaj e-Touch Term Plan

These plans give the premium amount back to the policyholders only if they survive the policy term.

Term Insurance with Monthly Income

Plan Name: Bajaj Life Smart Protect Goal

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.

Term Insurance with Critical Illness

Plan Name: Bajaj Life Secure

These plans offer inbuilt coverage against critical illnesses.

Term Insurance with Accidental Disability & Death Cover

Plan Name: Bajaj Lifestyle Secure

These plans offer inbuilt coverage against accident disability and death cover.

 

Documents Required to Buy Bajaj  Term Insurance Policy

Here are the documents required to buy a Bajaj Term Insurance Policy:

Photo ID Proof

Photo ID Proof (Any one) - Passport, Aadhaar card, PAN card, Driving license.

How to Buy a Bajaj Term Insurance Plan?

You can buy the Bajaj Term Insurance policy from Policyx.com or the Bajaj Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of Bajaj Life Insurance Company.

  • Step 2

    Click on ‘Buy Term Plan' on the navigation bar and select ‘Term Insurance Plans'.

  • Step 3

    Click on the ‘Buy Now' button and fill in the required details.

  • Step 4

    Tap on 'Next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment.

You can use the PolicyX Term Insurance Calculator to get your premium amount.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Bajaj Term Insurance Plan Claim

Filing a claim for the Bajaj Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for the Bajaj Term Plan, you need to follow the below-mentioned steps.

Online Process

Your Occupation
1

Claim Reporting

Inform the company about the incident via any of the channels- by writing an email at customercare@bajaj.co.in, calling the toll-free number (020-66026773), filling out the online claim form on its website, or visiting the nearest branch.

Your Occupation
2

Claim Review

Bajaj ’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. 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.

Offline Process

You can also report a Bajaj Term Insurance claim by visiting their nearest branch office. For details of your nearest branches, you can visit the 'Contact Us' section on their official website. You have to carry all your essential documents to the branch so that your claim can be processed smoothly.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Bajaj Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: Bajaj Term Insurance

1. Are deaths due to coronavirus covered by Bajaj Life Term Insurance Plans?

Death claim due to COVID-19 is covered under all policies of Bajaj Life and shall be processed as per the terms and conditions of the policy.

2. How to renew Bajaj Term Insurance?

There are two ways of renewing your policy: online and offline.

3. What is the procedure for reporting a death claim in Bajaj term insurance when there is no nomination or in case of the nominee’s death?

In the above situations, you have to submit a proof of title/succession certificate issued by a competent court. In case you have not submitted the proof, the company will hold the money till the proof is submitted and pay interest as directed by the Insurance Regulatory and Development Authority of India.

4. How can I track the claim status for my Bajaj Term Insurance plan?

For the same, you have to visit the official website of the company and log in to your account. There, you can check the details of the plan and claim status as well.

5. How long does it take for Bajaj Term Insurance to settle a term insurance claim?

The claim settlement time may vary depending on the complexity of the claim and the availability of required documents, typically within 15 to 30 days from the submission of all necessary documents.

6. Can I track the status of my term insurance claim online with Bajaj Term Plan?

Yes, you can check the claims online from the official website. All you have to do is log in using your credentials and search for the term insurance claim section.

7. Are pre-existing conditions covered under Bajaj term insurance plans?

It depends upon the plan you opt for, pre-existing conditions may have certain waiting periods before they are covered under Bajaj term insurance plans.

8. What happens if I become disabled due to an accident and cannot pay the premiums for my Bajaj term plan?

Bajaj term insurance plans offer the ‘Waiver of Premium Benefit’ rider. If you become disabled due to an accident and are unable to pay the premiums, this rider ensures that your policy remains active and your coverage continues without the burden of premium payments.

9. Can I customize my Bajaj term insurance plan to suit my specific needs?

Yes, the company offers flexible term insurance plans that can be customized to meet your individual requirements. You can choose optional riders like critical illness cover, accidental disability cover, and waiver of premium benefits to enhance your coverage.

10. Are there any tax benefits offered by Bajaj Term Plans?

Term insurance premiums up to Rs 1.5 lakh in a year are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Additionally, any amount received from a term plan is tax-exempt under Section 10 (10D) of the Income Tax Act, 1961. However, these exemptions and deductions are subject to the provisions stated in the Income Tax Act, of 1961.

11. What is the claim settlement ratio of Bajaj’s term life insurance?

As per the IRDAI report 2023-24, Bajaj has a claim settlement ratio of 99.23%

12. What are the benefits of Bajaj term insurance?

Bajaj term insurance plans offer a range of benefits including flexible policy tenure, choice of sum assured, tax benefits, choice of premium payment term, etc.

13. Which is better, LIC or Bajaj?

Both LIC and Bajaj are the best life insurance companies. While Bajaj offers affordable term plans with a number of customization options, LIC is a trusted life insurer with a long history in the insurance market.

14. Is Bajaj good for term insurance?

Yes, Bajaj is a good insurer to buy a term insurance plan.

15. How can I check my Bajaj life policy status?

You can check the status of your Bajaj plan by visiting their official website.

16. Can I trust Bajaj Life Insurance?

Yes, you can trust Bajaj Life Insurance. They are trusted name from more than a decade.

17. How can I buy Bajaj Term Insurance?

You can buy Bajaj term insurance either from PolicyX.com or their official website.

Other Term Insurance Companies

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