Bajaj Life e-Touch

Overview

Bajaj e-Touch is a pure term insurance plan designed to safeguard you and your loved ones from unforeseen circumstances. The plan is equipped to manage various uncertainties of life. Bajaj e-Touch offers three plan variants: Life Shield, Life Shield Plus, and Life Shield ROP.

The Bajaj 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 e-Touch, customers have the option to opt for an early exit value, applicable only with Life Shield and Life Shield Plus variants. To understand more about the pros and cons of the Bajaj e-Touch term plan, read in detail.

Key Benefits of Bajaj Life e-Touch Term Plan

• Shield for your life, covering death and terminal illness.
• Flexibility to pay premiums throughout the policy term.
• Option to get back your total premiums.
• Extra payout in case of death due to accident.
• Inbuilt benefits include terminal illness cover and zero-cost benefit.
• Choose how your family receives the benefit in your absence (lump sum or monthly income).
• Premium holiday option allows you to skip premiums for 1, 2, or 3 years.
• High claim settlement ratio of 99.33%.

Riders Associated with Bajaj Life e-Touch Plan

You can add the following riders to your Bajaj Life e-Touch Plan:

Bajaj Critical Illness Rider

If the policyholder is diagnosed with any of the mentioned critical illnesses, the rider benefits are paid.

Bajaj Life Waiver of Premium Plus Rider

This rider waives off all future premiums of your policy under these circumstances: critical illness, dismemberment, or death.

Bajaj Family Protect Rider

The Bajaj Family Protect Rider is an optional add-on to certain Bajaj Life Insurance policies that provides additional financial protection for your parents, specifically in the event of your death or accidental total permanent disability.

Plan Features

Choice of Plan Option

Bajaj e-Touch plan provides you the option to choose from Life Shield, Life Shield Plus, and Life Shield ROP.

Life Stage Upgrade

Bajaj 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 the first child, a home loan, and an education loan for children.

Choice of Death Benefit Option

Choose how your family receives the benefit in your absence: as a lump sum or a combination of lump sum and monthly income.

Extra Payout in Case of Accident

Bajaj e-Touch Term Plan offers an extra payout in case of the policyholder's death due to an accident.

Premium Holiday

This unique advantage is available for all three variants of the Bajaj e-Touch term plan, allowing you to skip paying premiums for 1, 2, or 3 years during the policy term.

Lower Premiums for Non-Smokers

Bajaj e-Touch Term Plan offers lower premium rates for non-smokers. However, for accident cover and accelerated benefits, premium rates do not vary by smoker status.

Change in Premium Frequency

Insured individuals will have the opportunity to change the prevailing premium payment frequency at any policy anniversary during the policy term.

Tax Benefits

Bajaj 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.

Exclusions

• Death due to suicide within 12 months of policy purchase.
• Death due to consumption of drugs and alcohol.
• Death due to war and terrorism.
• Death due to adventure sports.