Bajaj Allianz Life is one of the leading private life insurance companies in India. The company is a partnership between two powerful and successful entities- Bajaj Finserv Limited, one of India's most diversified non-banking financial institutions, and Allianz SE, one of the world's leading insurers. It serves millions of customers with the help of a wide range of effective insurance products.
Bajaj Allianz is a customer-centric insurance company that offers unprecedented term insurance plans to its target customers. The only objective of Bajaj Allianz Term Insurance is to provide uninterrupted protection to the family's financial future after the death of the policyholder.
Bajaj Allianz Smart Protect Goal is a non-linked and non-participating pure life term insurance plan. It offers the option to get back the entire premium at the time of maturity. The plan carries multiple variants to meet different needs of the people.
Key Features
Eligibility Criteria
Entry Age | 18 years to 65 years |
Maturity Age | With ROP - 75 years Without ROP - 85 years Whole Life - 99 years |
Sum Assured | Minimum Sum Assured- 50,00,000 Maximum Sum Assured- As per Board Approved Underwriting Guidelines |
**Last Updated on 02-02-2021
Bajaj Allianz iSecure is a non-participating term insurance plan. The plan offers required financial security to your family. It provides a life cover at a low premium with the option to receive the death benefit in installments to meet financial needs.
Eligibility Criteria
Entry Age | 18 years to 60 years |
Maturity Age | 28 years to 70 years |
Sum Assured | Minimum Sum Assured `250,000 for general category and `20,00,000 for the categories split by Preferred Non-Smoker, Non-Smoker & Smoker Maximum Sum Assured No limit |
**Last Updated on 02-02-2021
Bajaj Allianz iSecure More is a non-participating increasing cover term insurance plan. It offers a smart way of ensuring that the dreams and aspirations of your family remain on track.
Key Features
Eligibility Criteria
Eligibility Criteria | 18 years to 60 years |
Maturity Age | 28 years to 70 years |
Sum Assured | Minimum Sum Assured: Rs. 250,000 Maximum Sum Assured- No limit |
**Last Updated on 02-02-2021
Bajaj Allianz iSecure Loan is a non-participating mortgage cover term assurance plan. It will offer coverage to your family (in your absence) against loan liability.
Key Features
Eligibility Criteria
Entry Age | 18 years to 60 years |
Sum Assured | Minimum Sum Assured is Rs. 3,00,000 Maximum Sum Assured is No Limit |
Premium Payment Term | 2/3rd of the policy term chosen; rounded down in years |
Maturity Age | Minimum Maturity Age:28 years Maximum Maturity Age:65 years |
**Last Updated on 02-02-2021
Bajaj Allianz Life Secure is a non-linked whole life term plan. It is a whole life term insurance plan that offers accidental death cover and accelerated critical illness cover plus waiver of premium benefit, depending on the chosen coverage option.
Key Features
Eligibility Criteria
Entry Age | Minimum entry age is 25 years Maximum entry age- Coverage Option I & II: 55 years Coverage Option III: 50 years |
Policy Term | (100 minus Age at Entry) years |
Premium Payment Frequency | Yearly, Half Yearly, Quarterly and Monthly* (*Monthly premium payment frequency will be available under salary deduction scheme & ECS.) |
**Last Updated on 02-02-2021
eTouch Online Term plan of Bajaj Allianz promises complete financial protection to the policyholder's family when (s)he is a victim of an uncertainty- illness, accident, or disability.
Key Features
Eligibility Criteria
Entry Age | 18 years to 65 years |
Maturity Age | 28 years to 75 years |
Policy Term | 10 years to 40 years |
Minimum Sum Assured | Rs. 50,00,000 |
**Last Updated on 02-02-2021
Bajaj Allianz Lifestyle Secure is a non-linked term assurance plan. It offers financial assistance in the time of need and makes sure that financial hurdles don't come in the way of your loved ones and their aspirations.
Key Features
Eligibility Criteria
Entry age | 18 years to 50 years |
Maturity age | 23 years to 60 years |
Policy term | 5/ 7/ 10/ 15/ 20 years |
Sum Assured | 3 lakhs-15 lakhs |
**Last Updated on 02-02-2021
Bajaj Allianz Life Insurance Company comes out with a wide range of riders that help you to enhance the basic term insurance plan.
With this rider, all future premiums under the policy are waived off in case of an unfortunate event (like the earlier occurrence of death, accidental permanent total disability, or diagnosis of 11 specified critical illnesses in the policyholder).
This rider provides the benefit of 1% of the rider sum assured that would be payable monthly for the remaining rider tenure or 10 years (whichever is higher), in case of the earlier occurrence of death, accidental disability or critical illness.
In case of death of the life assured due to accident, the additional rider sum assured is paid to the beneficiary.
In case of the first diagnosis of any of the 11 specified critical diseases in the policyholder, the rider sum assured is paid (depending upon the rider terms and conditions).
This rider offers a lump sum amount to the policyholder in case of accidental permanent total or partial disability (depending upon the rider terms and conditions).
Buy via Bajaj Allianz Life Insurance Company
The rest of the Bajaj Allianz term insurance plans are not available online. You have to visit the nearest branch of the company to invest in the same.
Buy Via PolicyX.com
To file the Bajaj Allianz Term Insurance claim, you have to visit the nearest branch.
1. What is the procedure of reporting a death claim in Bajaj Allianz term insurance when there is no nomination or in case of 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.
2. How to track Bajaj Allianz Term Insurance claim status?
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.
3. Does Bajaj Allianz's term insurance contain "Free-Look Period"?
Yes, all the plans contain the feature of a Free-Look Period of 15 days, where the life assured is given the opportunity to cancel the policy if (s)he is not satisfied with the policy's terms and conditions.
4. Can we revive a lapsed policy due to non-payment of premium?
Bajaj Allianz's term insurance plans have the feature of the revival of the policy. Under this feature, a lapsed policy can be further reinstated or revived with respect to the completion of the following conditions-
**Last Updated on 02-02-2021