Bajaj Allianz Life e-Touch Term Plan

Bajaj Allianz e-touch is a complete-term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various uncertainties of life. Bajaj e-touch plan offers 3 plan variants namely:

• Life Shield
• Life Shield Plus and
• Life Shield ROP

Bajaj Allianz e-touch term plan offers multiple sum assured options paired with a plethora of features and coverage against death, and terminal illness with a Waiver of Premium, maturity benefit, and Return of Premiums. With Bajaj Allianz e-touch customers have the option to opt for early exit value applicable only with Life Shield and Life Shield Plus variants. To understand more about the pros and cons of Bajaj Allianz e-touch term plan read the article in detail.

Bajaj Allianz e-Touch Term Plan Options

Listed below are the plan variants available to customers:

1. Life Shield Variant

   The life shield variant offers the following benefits, explained below:

   a) Death Benefit - In case of sudden demise of the life insured the legal heir/nominee is entitled to receive the sum assured. The policy will terminate after the sum assured has been paid to the nominee in case of the death of the life insured.

   b)Terminal Illness Benefit - In case the life assured is diagnosed with a terminal illness during the policy term, the sum assured chosen at the time of inception is paid as a lump sum to the insured individual if the sum assured is equal to or less than INR 2 Crore. If the insured individual has opted for a sum assured higher than INR 2 Crores the insurance provider will pay INR 2 Crores at the time of diagnosis of terminal illness and the rest of the amount at the time of death of the life insured.

   c) Waiver of Premium Benefit on ATPD/TI - Under this benefit Bajaj Allianz e-touch term plan will waive off future premiums in case the life insured faces accidental total permanent disability or if the life insured is diagnosed with a terminal illness and the chosen sum assured is greater than INR 2 Crores.

2. Life Shield Plus Variant

   The Life Shield Plus Variant offers the following benefits:

   a) Death Benefit - Life shield plus variant offers a death benefit, payable to the nominee/legal heir on the death of the life assured during the policy tenure. The policy will no longer continue on the death of the insured individual.

   b) Accidental Death Benefit - This benefit is payable in case the life assured's death occurs due to an accident during the Accidental Death Benefit cover period. In addition to the death benefit, an additional benefit equal to the accidental death benefit sum assured shall be paid to the nominee.

   c) Terminal Illness Benefits - This benefit is payable in case the life assured is diagnosed with a terminal illness during the policy term. If the sum assured is less than or equal to INR 2 crore the sum assured is paid and the policy terminated. However, if the sum assured chosen by the customer at the time of purchase is more than INR 2 Crores, the sum assured amount of INR 2 Crores is paid at the time of diagnosis of terminal illness, and the rest is paid at the time of the demise of the life assured.

   d) Waiver of Premium on ATTPD/TI - The future premiums will be waived off for the assured life in case he/she faces an accidental total permanent disability or terminal illness.

3. Life Shield ROP

   a) Death Benefit - This benefit is payable at the time of the life assured's death during the policy term. The policy will terminate once the sum assured is paid to the nominee/legal heir.

   b) Maturity Benefit - Under the Life shield ROP variant, insured individuals can avail maturity benefit wherein the benefit is payable if the life assured survives till the date of maturity and no claims have been paid before the date of maturity. The Life Assured is entitled to receive an amount equal to the total premiums paid as a one-time lump sum amount.

Bajaj Allianz E-touch Term Plan Features

Along with the benefits offered under Bajaj Allianz e-touch plan, there are some other features that customers can avail of. We have listed them down below:

Bajaj Allianz e-touch Exclusions

Bajaj Allianz's e-touch term plan has a suicide exclusion wherein the case of death of the life assured due to suicide, within 12 months from the date of commencement of risk or the date of the latest revival of the policy the nominee or beneficiary of the policyholder is entitled to receive higher of 80% of the total premiums paid.

Bajaj Allianz Life Term Insurance Plans

To secure your family's needs, Bajaj Allianz offers 8-term insurance plans via online and offline channels, from which you can choose a well-suited plan for yourself.