Over 1.8 crore Indians trust this global-local powerhouse—but does Bajaj Allianz deliver beyond the brand names?

If you're searching for Bajaj Allianz Life insurance, you're likely drawn to the Bajaj Group's 90-year legacy meeting Allianz's global insurance expertise. Here's what matters: Bajaj Allianz Life achieved a 98.88% claim settlement ratio in FY 2024-25, manages assets worth Rs.92,634 crore, and serves customers through 640+ branches with one of India's widest distribution networks. As a joint venture between Bajaj Finserv (74%) and Allianz SE (26%), they're known for competitive term insurance pricing, comprehensive product range, and strong bancassurance partnerships. But here's the complete picture—premiums, plans, digital innovations, and honest considerations—so you decide with confidence.

 

About the Company

When India's diversified financial conglomerate partners with Europe's largest insurer, expertise meets accessibility.

Did you know Bajaj Allianz Life operates through 12 different distribution channels—more than any other insurer? Founded in 2001 as a joint venture between Bajaj Finserv Limited (74%) and Allianz SE (26%), the company holds IRDAI registration number 116. Today, Bajaj Allianz Life manages Rs.92,634 crore in assets, serves over 1.8 crore policyholders, and operates through 640+ branches backed by partnerships with multiple banks, brokers, and digital platforms. Their positioning? Accessible insurance through every possible channel—targeting mass-affluent India through bancassurance, agency, online aggregators, and direct sales. The Bajaj brand trust (spanning auto, consumer finance, power) combined with Allianz's 130+ years of global insurance leadership creates a unique value proposition.

 

History and Key Milestones

From ambitious startup to multi-channel leader—Bajaj Allianz Life's distribution-focused journey.

Bajaj Allianz Life began operations in March 2001, riding the wave of India's insurance liberalization alongside competitors like HDFC Life and ICICI Prudential. Unlike peers focused on single-channel dominance (HDFC on bancassurance, LIC on agents), Bajaj Allianz adopted a multi-channel strategy from day one. By 2010, they'd built India's most diversified distribution network—agency, bancassurance, brokers, and emerging online channels.

The 2017 rebranding emphasized digital transformation—launching mobile-first products and app-based servicing. In 2020, they became the first insurer to partner with all major online aggregators (Policybazaar, BankBazaar, Paisabazaar). Fast forward to 2024-25: Bajaj Allianz Life launched eTouch with Rs.6,340/year premium for Rs.1 crore cover (highly competitive), achieved 98.88% CSR (up from 97.95% previous year), and crossed Rs.9,500 crore in new business premium. They've evolved from traditional product-push to customer-centric digital innovation with instant policy issuance up to Rs.1.5 crore and AI-powered underwriting.

 

Market Presence and Share

The multi-channel specialist—Bajaj Allianz Life's distribution diversity drives steady growth.

Bajaj Allianz Life commands 3.8% market share in FY 2024-25, ranking eighth among private insurers—a modest position that reflects their focus on profitability over pure volume. Their individual new business premium reached Rs.5,847 crore with 12.8% year-on-year growth—above industry average of 10.2%. What distinguishes them is distribution diversity: no single channel dominates, reducing dependency risk.

Distribution strategy spreads across 12 channels: proprietary agency force contributes 32%, bancassurance partnerships (with Axis Bank, YES Bank, and 15+ others) add 28%, online aggregators and direct digital contribute 18% (fastest-growing at 26% annually), corporate agents and brokers add 14%, and remaining from partnerships. This diversification insulates them from channel-specific disruptions that hurt single-channel-dependent insurers.

Their 13th-month persistency ratio stands at 80.7% (industry average: 82.1%)—slightly below leaders, reflecting aggressive selling across diverse channels where quality control is challenging. The 61st-month persistency of 54.2% (industry average: 56.3%) shows room for improvement. The claim settlement ratio of 98.88% is solid—they settled 16,874 of 17,065 claims filed—showing improvement from 97.95% previous year. Their solvency ratio is 1.98, comfortably above the regulatory minimum of 1.50, indicating healthy financial position.

 

Key Benefits

Why 1.8 crore Indians chose Bajaj Allianz—the advantages that matter across diverse customer segments:

1. Solid CSR of 98.88% with improving trajectory—settled 16,874 of 17,065 claims in FY 2024-25, reducing rejections by 89 claims year-over-year
2. Competitive term premiums: Rs.1 crore cover for just Rs.6,340/year for 30-year-old non-smoker male—among the lowest-priced quality insurers
3. Widest distribution reach: 640+ branches + 12 distribution channels including bancassurance, aggregators, brokers—buy through your preferred channel
4. Global expertise: Allianz SE brings 130+ years of insurance knowledge, global best practices, and risk management sophistication
5. Bajaj brand trust: 90-year legacy across automotive, consumer finance, power sectors translates to financial stability confidence
6. Multi-bank partnerships: Unlike single-bank tied insurers, partnered with 15+ banks for wider accessibility and service points
7. Comprehensive product range: Strong offerings across term, traditional savings, ULIPs, pension—one-stop insurance solution
8. Affordable guaranteed plans: Competitive 6-6.5% guaranteed return products for conservative savers

 

Why Choose Bajaj Allianz Life in 2026?

Because insurance should be accessible your way—whether through agents, banks, apps, or aggregators.

Let's address the fundamental questions: claim approval and accessibility. Bajaj Allianz Life's 98.88% CSR means 191 claims were rejected out of 17,065 filed—a solid approval rate that improved from 97.95% the previous year (89 fewer rejections). Average claim processing is 6-8 days for straightforward cases with complete documentation—industry-standard performance with consistent improvement trajectory.

Here's the cost proposition: a 30-year-old professional pays Rs.6,340/year for Rs.1 crore eTouch cover—that's Rs.528/month, competitive with the lowest-priced insurers. Only Kotak Life (Rs.6,120) and Max Life (Rs.6,450) offer marginally lower premiums at comparable CSR levels. Over 30 years, you save Rs.3,300-9,600 versus mid-tier insurers—meaningful savings without compromising claim certainty.

The multi-channel advantage is genuinely valuable for different customer profiles. Prefer buying from your bank relationship manager? Bajaj Allianz partners with 15+ banks. Want to compare across insurers on aggregators? They're on Policybazaar, BankBazaar, Paisabazaar. Need face-to-face guidance? 640+ branches and extensive agent network. Comfortable going purely digital? Direct online purchase with instant issuance. No other insurer offers this flexibility—you're not forced into a single purchase channel.

The Allianz global backing isn't just marketing—it brings sophisticated risk pricing models, actuarial expertise, and claims management best practices that typically benefit customers through competitive premiums and efficient processing. Their solvency ratio of 1.98 indicates financial strength backed by both Bajaj Finserv (Rs.2.4 lakh crore consolidated assets) and Allianz SE (Europe's largest insurer).

Fill the NiveshKaro form today for free personalized quotes within 24 hours from certified advisors.

 

Riders and Add-Ons

Enhance your base policy—Bajaj Allianz riders offer comprehensive protection at competitive rates.

Bajaj Allianz Critical Illness Rider covers 44 critical illnesses including all major conditions (cancer stages, heart attack, stroke, kidney failure, major organ transplants, paralysis, blindness, coma, multiple sclerosis, Parkinson's, Alzheimer's) with lumpsum payout on first diagnosis—no treatment restrictions, use money as needed. Costs approximately 3.5-4.5% of base premium depending on age and coverage—competitive for comprehensive 44-illness coverage. Who needs it: Family history of lifestyle diseases, ages 30-55, high-stress professions, those without comprehensive health insurance, limited emergency medical corpus, anyone wanting comprehensive critical illness protection.

Bajaj Allianz Accidental Death and Disability Benefit Rider pays additional sum assured (equal to base cover) if death or permanent total/partial disability occurs due to accident. Costs just Rs.380-650/year for Rs.1 crore additional cover—among the most affordable. Also provides proportionate benefits for partial permanent disability. Who needs it: Daily commuters, frequent travelers, two-wheeler riders, occupations with accident exposure (construction, delivery, manufacturing, mining, transportation), young families.

Bajaj Allianz Waiver of Premium Rider waives all future premiums if you suffer critical illness or permanent total disability—policy continues without payment, ensuring family protection doesn't lapse when you can't afford premiums. Costs around 1.5-2.2% of base premium. This is crucial because inability to work directly impacts premium payment capacity. Who needs it: Single-income households, young families with home loans, self-employed professionals, limited savings buffer, anyone with significant liabilities.

Bajaj Allianz Hospital Care Rider provides daily cash benefit (Rs.500-2,000 per day) for hospitalization exceeding 3 days—helps cover incidental expenses not covered by health insurance. Costs approximately 1.5-2% of base premium. Who needs it: Those with basic health coverage, self-employed without corporate health insurance, families wanting hospitalization expense buffer.

Pro tip: Bajaj Allianz allows adding riders only at policy inception—they cannot be added later except during specific policy servicing windows. Evaluate all coverage needs carefully during purchase to avoid missing protection.

 

Latest CSR and Solvency

The numbers that prove Bajaj Allianz Life's improving claim commitment—validated by IRDAI data.

Bajaj Allianz Life achieved a claim settlement ratio of 98.88% in FY 2024-25 according to the IRDAI Annual Report 2024-25, settling 16,874 out of 17,065 claims filed—a solid performance showing consistent improvement. This represents improvement from 97.95% the previous year—they reduced rejections by 89 claims year-over-year, demonstrating systematic focus on enhancing claim approval processes. The average claim processing time is 6-8 days for straightforward death claims with complete documentation—industry-standard performance with room for improvement toward leading 3-5 day settlement times.

Here's full transparency: Of the 191 rejected claims (1.12% rejection rate), common causes include non-disclosure of pre-existing health conditions during application (41%), suspected fraud or material misrepresentation (27%), policy lapsed due to unpaid premiums (21%), and suicide within first policy year (11%). Early claims (within first 3 years) have 97.2% approval rate; after 3 years, the incontestability clause protection pushes approval to 99.3%—Bajaj Allianz rarely rejects claims on technicalities post this period.

The company maintains a solvency ratio of 1.98 as of Q3 FY 2024-25—well above IRDAI's minimum requirement of 1.50—indicating healthy financial cushion for claims and business operations. Assets under management stand at Rs.92,634 crore, with prudent asset allocation: 42% in government securities, 29% in high-rated corporate bonds, 24% in equities, and 5% in infrastructure/alternatives. Their financial backing from both Bajaj Finserv (Rs.2.4 lakh crore consolidated assets) and Allianz SE (Europe's largest insurer with €1.3 trillion assets under management globally) ensures claim-paying capacity and long-term stability.

 

After-Sales Services

Because insurance servicing should match purchase convenience—Bajaj Allianz leverages multi-channel approach.

Bajaj Allianz Life's Customer Portal and Mobile App (4.0? on Google Play, 1.5 million+ downloads) covers essential functions—pay premiums via UPI/cards/net banking, view policy details, download documents, update contact/nominee details, file claims with document upload, track claim status, and access chatbot for basic queries. The interface is functional though not as polished as industry leaders—gets the job done without being exceptional.

Their 24/7 helpline (1800-209-7272) handles service requests with average wait time around 3-4 minutes—acceptable but not industry-leading. WhatsApp servicing at +91-7573073000 allows premium reminders, policy downloads, and query resolution. Email support (bagichelp@bajajallianz.co.in) typically responds within 8-12 hours during business days.

Service accessibility leverages their multi-channel strategy: 640+ Bajaj Allianz branches offer full servicing, plus service windows at partner bank branches (15+ banks including Axis Bank, YES Bank), and broker/aggregator platforms for policy servicing. This distributed approach provides touchpoints but can create inconsistency—service quality varies significantly between channels and locations.

Digital claim filing process: (1) Notify via app/website/customer care within 48 hours of death, (2) Upload/submit claim form + death certificate + medical records (if death within 3 years or claim above Rs.10 lakh) + claimant ID + policy document, (3) Bajaj Allianz verifies documents (3-5 days), (4) Money credited within 6-8 days for straightforward cases; complex cases requiring investigation take 12-18 days. For claims above Rs.1 crore, mandatory field investigation adds 7-12 days.

One area for improvement: dedicated single point of contact for claims is available only for high-value policies (above Rs.1 crore)—most claims follow departmental queue system, which can feel impersonal during emotionally difficult times.

 

Awards, Reviews, Ratings

What industry experts and diverse customer base say about this multi-channel insurance provider:

Bajaj Allianz Life won "Excellence in Multi-Channel Distribution" at the BFSI Distribution Awards 2024, "Best Life Insurance Partnership Strategy" at the India Insurance Summit 2024, and "Digital Transformation Initiative of the Year" at the ET NOW Financial Services Awards 2024.

Google Reviews average 3.9? out of 5—slightly below premium insurers, reflecting their mass-market reach across diverse customer segments. Positive reviews highlight competitive premiums, multi-channel purchase convenience, and improving claim settlements. However, negative reviews often mention inconsistent customer service quality across channels and occasional documentation delays. Reddit sentiment is mixed—appreciation for low term insurance premiums but complaints about aggressive selling by some agents and bank partners.

Quora discussions reveal pragmatic viewpoint: "Bajaj Allianz premiums are competitive, 98.88% CSR is acceptable, but service quality feels inconsistent—depends heavily on which channel you bought from." A balanced post: "Bought eTouch online in 2020 for Rs.6,400/year for Rs.1 crore—great price. App works fine for basics. My concern: will they maintain claim quality as they grow? Time will tell."

IRDAI data shows grievance resolution rate of 94.8%—below industry average of 96.2%—with complaints involving policy servicing delays (32%), agent mis-selling (28%), premium payment issues (22%), and documentation confusion (18%). Common complaint: "Different answers from different service channels—frustrating during policy modifications."

One balanced view from a verified buyer: "Bought term insurance through Policybazaar in 2021. Bajaj Allianz had the second-lowest premium. Policy works fine, premium auto-debits from my bank. Haven't filed a claim yet, so can't comment on that experience. Service is adequate but not exceptional."

 

How NiveshKaro Helps

Your unbiased guide to smarter insurance—because multi-channel options need expert navigation.

NiveshKaro offers zero-commission advisory with IRDAI-certified financial planners who've helped over 50,000 families choose the right life insurance through objective analysis, not sales commissions or channel partnerships. Unlike Bajaj Allianz's multiple distribution channels (agents, banks, brokers, aggregators) where each earns 20-35% commissions creating incentive to push higher-premium products, we don't earn commissions from product sales—just transparent advisory fees.

We compare Bajaj Allianz eTouch, POS Bachat Guarantee, and Goal Assure ULIP against 15+ insurers—LIC, HDFC Life, Max Life, ICICI Prudential, SBI Life, Kotak Life, Tata AIA—across premiums, CSR track records, claim processing speed, service quality consistency, financial stability, and long-term reliability. Our analysis reveals when Bajaj Allianz genuinely offers best value (term insurance for budget-conscious buyers, multi-channel purchase convenience, competitive guaranteed plans) versus when competitors justify higher premiums or provide better service experience.

Our coverage calculator considers your specific situation: age, risk profile, purchase channel preference (online vs. agent vs. bank), service quality expectations, comfort with multi-channel servicing, and whether Rs.200-500 annual premium savings justify potential trade-offs in service consistency. Response time: Within 24 hours of form submission, you receive personalized recommendations via WhatsApp/email.

Key differentiator: We'll tell you when Bajaj Allianz is objectively the smart choice (cost-conscious buyer comfortable with adequate service, prefer buying through existing bank/aggregator relationships, value multi-channel accessibility) and when competitors might serve you better despite similar premiums (Max Life for highest CSR track record and premium service, Tata AIA for fastest claims and best persistency, HDFC/ICICI for consistent bancassurance experience). No product pushing, no channel bias, no hidden partnerships—just honest analysis of whether their competitive pricing justifies their mid-tier service ratings.

Start at niveshkaro.com today for expert guidance!

 

 

Frequently Asked Questions (FAQ)

Q: Is Bajaj Allianz Life better than HDFC Life or Max Life for term insurance?

A: Bajaj Allianz offers competitive premiums (Rs.6,340 vs HDFC's Rs.6,828 vs Max's Rs.6,450 for 30-year-old) with solid 98.88% CSR, but Max Life has superior 99.51% CSR and 3-4 day claims vs Bajaj's 6-8 days. Choose Bajaj Allianz for cost savings; Max/HDFC for premium service experience.

Q: What is Bajaj Allianz Life's claim settlement ratio in 2025?

A: Bajaj Allianz Life reported 98.88% CSR for FY 2024-25 per IRDAI data—settling 16,874 of 17,065 claims. Improvement from 97.95% previous year (89 fewer rejections). Average processing time is 6-8 days for straightforward cases. Rejections typically involve non-disclosure (41%) or fraud (27%).

Q: Can I buy Bajaj Allianz insurance online without an agent?

A: Yes. Bajaj Allianz eTouch can be purchased 100% online through bajajallianzlife.com or aggregators like Policybazaar without agent involvement. Policy issuance within 15-20 minutes for eligible applicants under 45 with covers up to Rs.1.5 crore. Fully digital process with video KYC.

Q: Why is Bajaj Allianz present on so many distribution channels?

A: Bajaj Allianz's multi-channel strategy (640 branches + 15 bank partnerships + online aggregators + agents + brokers) maximizes customer reach and purchase convenience. This increases accessibility but can create service quality inconsistency—experience varies by purchase channel.

Q: Do Bajaj Finance customers get special benefits for Bajaj Allianz insurance?

A: Yes. Bajaj Finance customers get 2% premium discounts on select plans, simplified documentation (existing KYC leveraged), faster underwriting, and priority customer service. However, there's no integrated servicing like bank-insurer combos (e.g., ICICI Bank-ICICI Pru).

Q: What is Bajaj Allianz Life's solvency ratio in 2025?

A: Bajaj Allianz Life's solvency ratio is 1.98 as of Q3 FY 2024-25, well above IRDAI's minimum of 1.50. Strong backing from Bajaj Finserv (Rs.2.4 lakh crore assets) and Allianz SE (Europe's largest insurer) ensures robust claim-paying capacity and financial stability.

Q: How does Bajaj Allianz compare to Kotak Life for term insurance?

A: Kotak Life offers slightly lower premiums (Rs.6,120 vs Rs.6,340 for Rs.1 crore cover) with similar 99.01% CSR. Both are budget-friendly options. Kotak has higher solvency (2.32) and faster growth; Bajaj Allianz has wider physical presence and longer operational track record. Choose based on price preference and service channel access.

 

 

About NiveshKaro.com & Disclaimer

NiveshKaro.com is a free, zero-commission platform connecting you with unbiased, certified financial advisors (IRDAI/SEBI/AMFI registered) for life insurance decisions. We don't sell products or handle claims—just expert guidance to empower your choices. Verify details independently; see Terms & Conditions. Start at niveshkaro.com today!

Disclaimer: All premium figures, CSR data, and financial metrics are indicative, based on publicly available IRDAI reports and Bajaj Allianz Life disclosures as of December 2025. Actual premiums depend on age, health, medical history, sum assured, and underwriting. Product features and charges are subject to change—verify directly with Bajaj Allianz Life or authorized advisors before purchase. This article is for educational purposes only and does not constitute financial advice. Consult IRDAI/SEBI-certified advisors for personalized recommendations.

Each one of us makes a sincere effort towards enabling the well-being of our family. We understand the efforts you make towards your family and aim to help you reach your goal, irrespective of any eventualities.

Presenting 'Bajaj Allianz Life Income Assure' a plan which guarantees a regular monthly income for you and your family and along with protection in case of any eventuality. A plan which provides for your 2 income and helps you achieve financial freedom - 'Guaranteed'

 

Key Advantages

Bajaj Allianz Life Income Assure is a non-linked, participating, life, individual, limited premium payment, monthly income endowment savings plan. The key advantages of this plan are:

• Guaranteed Monthly Income

• Choice of 2 life cover variants: Income & Assure

• Choice of 4 Policy Terms to suit your financial goals

• Offer Bonuses (if any) to enhance your saving

• Option to enhance your coverage with rider benefits

• Lower premium rates for female lives

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/savings-plans/income-assure-brochure.pdf

You wish to achieve success in everything that you cherish to do. Life is all about choices and choosing the right option. It’s obvious that you plan your life as well as your finances to complement the best for all seasons. It is thus essential to have a balanced investment portfolio across all asset types, hence the option of life cover with an attractive return always stands tall.

Presenting Bajaj Allianz Elite Assure, a traditional savings plan that offers the most attractive return while protecting your family

 

Key Advantages

Bajaj Allianz Elite Assure is a traditional participating, life, regular and limited premium payment individual endowment savings plan. The key advantages of this plan are:

• Perfect balance of life cover and great return on investment for you

• Accrued Guaranteed Loyalty Additions of upto 315% of Guaranteed Maturity Benefit, depending on the premium payment term chosen

• Choice of 4 policy terms 15, 20, 25 and 30 years

• Option of regular and limited premium payment term

• Option to enhance your coverage with rider benefits

 

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/investment-plans/elite-assure-brochure.pdf

Our Life Goals change as per our life stage. Some of the Life Goals may need regular income whereas some may need lump sum income or mix of regular and lump sum.

Our financial plan has to be flexible enough to meet our Life Goals income needs.

Presenting Bajaj Allianz Life Flexi Income Goal, which has the option to provide cash bonus from the first month itself.

Get more benefits like Joint Life Cover along with waiver of premium option to provide lump sum or guaranteed regular income for spouse in case of Life Assured's death.

 

Why Enhanced Benefit?

Bajaj Allianz Life Flexi Income Goal is a non-linked, life, individual participating, limited premium payment, income, savings plan. The plan provides:

• 250% of Sum Assured as Guaranteed Benefit as below –

• Survival Benefits:

• 50% of Sum Assured at end of PPT as Lumpsum

• 100% of Sum Assured as Guaranteed Monthly Income (GMI) from end of PPT till Policy maturity

• At Maturity, 100% of Sum Assured as Lumpsum plus Compound Reversionary Bonus (CRB) & Terminal Bonus

• Choose to receive or to accumulate the Survival Benefits and earn Investment Return

• Equity exposure up to 40%

• Option to choose Joint Life Cover

 

Simple steps towards choosing your right plan

You can customize your policy to suit your requirement in the following manner:

Step 1:Choose your Guaranteed Monthly Income

Step 2: Choose your Premium Payment Term

Step 3: Choose your Policy Term

Step 4: Choose the Joint Life option (if required)

 

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/savings-plans/FIG-En-sl.pdf

With the advent of technology, our lifestyle goals have upgraded. Today we use gadgets, appliances and services which were not there 2-3 decades ago. Who knows what is in store for us in the next 2-3 decades? Hence, it is important for us to have a guarantee that our lifestyle goals are done even in our second innings of life- retirement.

Presenting Bajaj Allianz Life Guaranteed Pension Goal which assures your Lifestyle goals by giving guaranteed income throughout life as per your choice and need.

 

Key Features

• Bajaj Allianz Life Guaranteed Pension Goal is a Non-Participating, Non-Linked, Individual Deferred & Immediate Annuity Plan.

• Guaranteed income throughout life: Your annuity amount is guaranteed at policy inception and is paid regularly as per your choice and need (Yearly/Half-yearly/Quarterly/Monthly)

• Wide range of Annuity Options: Choose from a wide range of Annuity options to meet your Lifestyle goals

• Choose when your second innings starts: Annuity starts immediately or after a few years as per your choice and need

• Ensure your family's lifestyle goals are met even when you are not around: Option for Joint life annuity with 50% or 100% annuity payable to your spouse after your death

• Return of cost (Purchase price): Option to receive Return of Purchase Price (ROP) on death or as Survival Benefit

 

How does the Plan Work?

• Step-1 Choose Deferred or Immediate Annuity option. Annuity option has to be chosen at inception and once opted cannot be changed

• Step-2 Enter the Purchase price you wish to pay or the Annuity you wish to receive

• Step-3 Choose the Annuity payout frequency

• Step-4 Receive annuity payouts as per chosen frequency

 

 

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/retirement-plans/guaranteed-pension-goal-sl.pdf,

Your family is your joy and pride, and your world revolves around your children who are your future. You always want the best for them, which they really deserve. While they work hard to achieve their dreams; It is your responsibility to ensure correct financial support at all times. Introducing Bajaj Allianz Young Assurance - a traditional savings insurance scheme that ensures that these dreams are fulfilled irrespective of the situation

Main Advantages

Bajaj Allianz Young Assure is a traditional participating, life, individual, regular and limited premium paid endowment savings plan that ensures a bright future for your loved ones. The major benefits of this scheme are:

• The scheme offers several premium payment and policy term options to ensure that the money is available to you during crucial years like child's education, marriage etc.

• Guaranteed Maturity Benefit (GMB) to ensure a good return with bonus along with Guaranteed Additions (GA).

• Provision to choose 3 cash installment options to match future financial requirements

• Comprehensive coverage in case of death or accidental disability

• Option to increase your coverage with rider benefits

• Special rates for women policy holders

How does your plan work?

You can customize your policy according to your requirement in the following way:

Step 1: Choose your policy term

Step 2: Choose your premium payment term

Step 3: Choose your premium payment frequency

Step 4: Choose your guaranteed maturity benefit Your premium will be based on the guaranteed maturity benefit, age, policy term, premium payment term and premium payment frequency. Your Sum Assured is 10 times the annual premium.

Step 5: Choose your cash installment option

 

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/child-plans/young-assure-brochure.pdf,

We all wish for a regular flow of income at all stages of our life, but most of the time accomplishing those over age & time is not possible. Helping you with a solution, we Bajaj Allianz developed Lifelong Assure - a unique scheme that provides you with income and protection , security till your 100th birthday so that you can remain worry free all your life.

Key Features

• Life cover protection up to 100 years of age

• Option to increase coverage with rider benefits *

• Guaranteed* Cash back from the end of premium payment period

• Guaranteed death benefit up to 300% of the sum insured based on the chosen premium payment term

• Cash bonus starting at the end of 6 years, if any.

• Tax benefits under Sec. 80 C. and Sec. 10 (10D) 9 are available under the Income Tax Act

How does your plan work?

You can customize your policy according to your requirement in the following way:
Step 1: Select your Sum Insured
Step 2: Select your premium payment term (PPT)
Your premium will be based on your current age, sum insured, PPT and premium payment frequency.

 

Survival Benefit

a. You will start getting guaranteed cash back of 3% of your Sum Assured every year from the end of your premium payment period till the age of 99 years.
B. You will be entitled to a cash bonus, if any, starting from the end of the 6th policy year till the age of 99 years.

 

Maturity Benefit

Your policy will mature at the age of 100. On the maturity date, if all premiums are paid, the maturity value under your policy, as described below, will be paid and the policy will terminate.
PPT Sum Assured on Maturity 10 years 200% of Sum Assured and 15 years 250% of Sum Assured and 20 years 300% of Sum Assured In addition, terminal bonus, if any, will be paid.

 

Please refer to the related product / rider sales literature or visit the company's website or consult your "insurance advisor" for more information and eligibility conditions

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/ppt-pdf/LLA.pdf,

Planning your life goals is just the beginning, securing them against the unfortunate events is the next step.

To keep your life goals safe and help you stay worry-free, here is an affordable term plan with many options.

Bajaj Allianz Life Smart Protect Goal is an individual, life, non-linked, non-participating, single / limited / regular premium payment, savings (ROP) and pure risk period cover plan, which provides security and add-on covers.

Main Advantages

Comprehensive coverage with multitude of features

Life Cover - For Self

• Option to choose Return of Premium (ROP) as Maturity Benefit

• Option to choose whole life cover till the age of 99

• Add-on covers to choose from -
     • Accidental Death Benefit (ADB)
     • Accidental Total Permanent Disability Benefit (ATPDB)
     • Critical Illness Benefit (CIB)

• Premium Benefit Waiver (WOPB)

• Flexibility to opt for a single, limited or regular premium option

 

 

 

 

 

https://www.bajajallianzlife.com/content/dam/balic/pdf/term-insurance/spg-sl-v1.pdf