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Bajaj Allianz e-touch is a pure 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 the Bajaj Allianz e-touch term plan read in detail.
Bajaj Allianz Life e-Touch Term Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 85 years
Minimum term - 10 years Maximum term - 40 years
Base sum assured: 50 lakhs to no limit.
The policy loan is not available under Smart Total Elite Protection Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Allianz Life e-Touch Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that covers him for terminal illnesses and provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj Allianz Life e-Touch Plan. He visited PolicyX.com
Let's understand how the Bajaj Allianz Life e-Touch Plan works for him with a premium illustration table.
Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
35 years | Rs 22,220 | 50 years | 50 years | Rs 3,33,300 | Rs 1 crore |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.
Here are the benefits associated with the Bajaj Allianz Life e-Touch Plan
This unique advantage is available for all three variants of the Bajaj Allianz e-touch term plan wherein you can skip paying premiums for 1,2, or 3 years during the policy term
Bajaj Allianz e-Touch Term Plan offers lower premium rates for non-smokers; however, in accident cover and accelerated benefits, premium rates do not vary by smoker status.
Insured individuals will have the opportunity to change the prevailing premium payment frequency at any policy anniversary, during the policy term
Bajaj Allianz offers term insurance tax benefits under section 80C of the income tax act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Bajaj Allianz Term Insurance Review 2023
You can add the following riders to your Bajaj Allianz Life e-Touch Plan:
Bajaj Allianz Accidental Permanent Total Disability Rider provides additional benefits in case the policyholder met with an accident which leads to their total permanent disability.
Bajaj Allianz e-Touch plan provides you the option to choose from Life Shield, Life Shield Plus and Life Shield ROP.
Bajaj Allianz Life e-touch term plan offers insured individuals the opportunity to upgrade their sum assured during important milestones of their life such as marriage, birth or adoption of 1st child, home loan, and education loan for children.
Choose how your family receives the benefit in your absence, as a lump sum or a combination of lump sum & monthly income
Bajaj Allianz e-Touch Term Plan offers extra payout in case of the accident of the policyholder.
Here is the list of exclusions associated with the plan:
Bajaj Allianz Life e-Touch Plan is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including- special exit value, inbuilt terminal illness cover, cover continuance benefit, etc. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and suggest a plan that suits your needs.
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Yes, Insurance holders are eligible to avail of tax benefits for the premiums paid towards Bajaj Allianz e-touch term plan as per the Income Tax Act, of 1961.
There are 3 plan variants under Bajaj Allianz e-touch term plan: Life Shield Life Shield Plus Life Shield ROP
The various benefits available on the purchase of Bajaj Allianz e-touch are as follows: Death Benefit Accidental Death Benefit Terminal Illness Benefit Waiver of Premium on ATPD/TI Maturity Benefit and more.
The eligibility criteria for Bajaj Allianz e-touch term plan is as follows: Min Entry Age - 18 Years Max Entry Age - 65 Years
The sum assured options available under the Bajaj Allianz E-touch term plan is between 5 Lakh to 2 Crore.
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Simran is an insurance expert with more than 4 years of experience in the industry. An expert with previous experience in BFSI, Ed-tech, and insurance, she proactively helps her readers stay on par with all the latest Insurance industry developments.
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