BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Risk Factors and Warning Statement: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life eTouch II and Bajaj Allianz Life Family Protect Rider are the names of the company and the product/rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document of base product and rider (available on www.bajajallianzlife.com) carefully before concluding a sale or consult your “Insurance Consultant” for more details and eligibility conditions. Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V03) and Bajaj Allianz Life Family Protect Rider – Parental Care option (UIN: 116B056V01) - a Non-linked, Non-participating, Individual, Pure Risk Health Rider. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. IRDAI Reg. No.: 116. CIN : U66010PN2001PLC015959 | Mail us : customercare@bajajallianz.co.in | Call on : Toll free no. 1800 209 7272 | Bajaj Allianz Life eTouch II (UIN: 116N198V03), The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. All charges/ taxes, as applicable, will be borne by the Policyholder.
*Premium increase applicable only for certain policy term, premium payment term and sum assured combinations.
#The Premium prices listed above are the lowest available across all online channels/platforms for the purchase of this specific version of the product. These rates are subject to input parameters& as required for policy issuance remaining consistent during comparison. No Staff/Partner discount&& can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of premium paid. &&Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members.&Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance.
35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.
2Accidental Death Benefit is available with Life Shield Plus variant
&Waiver of Premium Benefit On Accidental Total Permanent Disability/Terminal Illnessis available for all variant.
6Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy
5Early Exit Value is available with Life Shield & Life Shield Plus variants
^Get Free Health Management Services for men upto Rs. 31,000 per year
Health Management Services
| Frequency
| Cost (₹)
|
|---|
Doctor Insta-Consultations
| 3 consultations per month = 36 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 36 = ₹ 18,000
|
Health Coach
(Diet & nutrition consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Emotional Wellness
(Psychologists consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Network discounts:
Medicines (M) - 10%
Lab-test booking (L) - 10%
| Throughout the year
| Assumption – Total
expense on these
services throughout
the year
| Total discounts that can be availed
throughout the year
|
M - ₹ 5,000
| ₹ 500
|
L - ₹ 5,000
| ₹ 500
|
Total per year as per assumption
| ₹ 31,000
|
Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.
Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.
**BIMA Applications Supported by Blocked Amount (BASBA)- One- time mandate for blocking the amount towards premium through Unified Payments Interface (UPI mandate) for issuance of life insurance policies. Premium is required to be paid only after the insurer communicates the decision of acceptance of the proposal. Risk cover shall commence only after receipt of premium. Available only for online channel.
$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Tax Benefit is calculated at the rate of 31.20% after considering deduction of Rs. 150,000/- under Section 80C of the Income Tax Act 1961 (under old tax regime).
1Through Parental Care Option available in Bajaj Allianz Life Family Protect Rider (UIN: 116B056V01). Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions.
Source- https://www.businesswireindia.com/product-of-the-year-announces-2024-winners-consumers-recognize-innovation-90443.html
