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Notifications10
Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal
CALCULATE NOWApne life goals ki guaranteed1 hona Ye Bhi Sahi Hai
WATCH VIDEOFulfill your Life Goals with Bajaj Allianz Life Goal Assure
KNOW MOREHere's a Comprehensive Tool To Plan Your Child's Future
START NOWThere is lot to remember in Life, Set renewal premium payments to Auto Pay
WATCH VIDEOGet your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR
KNOW MOREPaying your Renewal Premium is Quick and Easy!
PAY NOWKnow the right amount of Insurance you need in just a few steps!
START NOWAvail Term Insurance Tax Benefits under Section 80D
READ MOREKnow how to invest money during the covid-19 pandemic!
READ MORETerms & Conditions
I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business
Please refer to BALIC Privacy Policy
Guarantee*: Lifelong guaranteed* regular income1
Flexibility: Receive annuity from next month onwards, subject to policy terms and conditions.
Legacy: Return of Purchase Price3 (ROP) to nominee on death
Family is the key: Joint life option with regular income for both lives1
Bajaj Allianz Life presents a simple yet effective way of achieving your retirement goals. Bajaj Allianz Life Saral Pension is a single premium, non-linked, non-participating, individual immediate annuity plan, which provides regular income and also returns the purchase price on death.
Lifelong guaranteed* regular income1
Receive annuity from next month onwards, subject to policy terms and conditions.^
^Receive annuity from next month onwards under monthly annuity option and after 3months, 6 months and 1 year in case of quarterly, half-yearly and annual options respectively
Return of Purchase Price3 (ROP) to nominee on death
Joint life option with regular income for both lives1
Access to money through loan2
Liquidity on diagnosis of Critical Illness2
You can choose any of the following Annuity options at inception. Option once chosen cannot be changed during the term of the policy
Option A: Life Annuity with Return of Purchase Price3 (ROP) on death:Annuity will be payable to you throughout life and on death the Purchase price will be returned to your nominee.
Option B: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price3 (ROP) on death of Last Survivor:Annuity will be payable to you throughout life; and on death, your spouse will receive 100% of the prevailing Annuity throughout his/her life. On death of the Last Survivor, the Purchase Price will be returned to the nominee.
3The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time
“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.
“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.
“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.
“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder
“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document
“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.
If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.
“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy
“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company
“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document
“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider
“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.
“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.
"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule
“Sum Assured” is the amount as specified in the Schedule under the Policy.
“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. For more details refer to the Policy Document
~Individual Death Claim Settlement Ratio for FY 2022-2023
**All figures as on 31 January 2024
^Solvency ratio 516% as at 31 March 2023 against IRDAI mandated 150%
#Individual & Group
1Report published by Kantar BrandZ India 2022 for details click here
2Survey conducted by brand equity – Nielsen in March 2020
796.31% of non-investigative individual claims approved in one working day for FY 2022-23. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices
$For details refer to press release published by CARE
"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.
A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.
Goals keep changing as per different life stages and one has to plan meticulously for their future.
Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.
L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.
When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.
Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.
To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!
1Features and benefits mentioned above are dependent upon annuity option chosen
2 For details refer Loan and Surrender section from sales literature
3The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of contract and provides in details all the conditions &exclusions related to Bajaj Allianz Life Saral Pension.
*Conditions Apply. The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details please refer to sales brochure.
SMS Service
Dear Customer,
To get SMS updates on your policy - now you can refer to our glossary of pull sms services from the table:
| GLOSSARY - PULL SMS TABLE! | |||
|---|---|---|---|
| No. | Service | Type Keyword | Send To |
| 1 | For Callback for service related queries | SUPPORT<space>POLICY NO | 8108222251 |
| 2 | For Callback for renewal premium payment related queries (From Registered Mobile Number) | RENEW<space>POLICY NO | |
| 3 | For Branch Address | BRANCH<space>PIN CODE | |
| 4 | For Callback for Reinvestment related queries (From Registered Mobile Number) | REINVESTMAT<space>POLICY NO | |
| 5 | For Fund Value of Policy (From Registered Mobile Number) | FV<space>POLICY NO | |
| 6 | For Account Statement (From Registered Mobile Number) | ACCSTMT<space>POLICY NO | |
| 7 | To Update Email Address (From Registered Mobile Number) | EREG<space>Unique ID*<space>DOB of policyholder in DDMMYYYY<space>email id | |
| 8 | For Callback for queries related to fund switching | FSWITCH<space>POLICY NO | |
| 9 | For IT Certificate (From Registered Mobile Number) | TAXCERT<space>POLICY NO | |
| 10 | For Claim status | CLAIM<space>POLICY NO | |
Disclaimer: By using above SMS services kindly note that you would be authorizing to receive call(s) / SMS from Bajaj Allianz Life Insurance Co. Ltd through its representatives on your tele-contact no with respect to the query for which you have requested call back even if it is registered under NCPR/NDNC registry with your telecom operator.
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