Claim Settlement Ratio of 99.23%~

Bajaj Allianz Life Group Credit Protection Plus

A Non-linked Non-Participating Group Life Insurance Plan

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Giving your members and their families the heartening reassurance of your care and peace of mind in the event of premature demise of the member. Also an economical way to protect the member’s family from the burden of repayment of any loan in case of death or accidental permanent total disability (if opted) or critical illness of the member (if opted).

We bring to you -Bajaj Allianz Life Group Credit Protection Plus.

Bajaj Allianz Life Group Credit Protection Plus is a non-participating single and regular premium payment life group pure risk insurance plan. This plan is intended to cover various types of loans given by employers and also covers borrowers/ co-borrowers of various types of financial institutions, co-operatives, etc.

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 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 | **All figures as on 31 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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