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Get ₹1 Crore Term Insurance Plan at ₹15*/Day

Enjoy a 16% Discount on 1st year Premium**

Return Of Premium Option^^
Zero Commission$
Tax Benefits upto ₹46,800##

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**,*,$,^^,##T&C Apply | BJAZ-WB-EC-11919/24

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Life Cover
Cover till Age
Pay Premium
Premium Amount(Incl. GST)
₹ 80,615/Annually
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What Is a Health Insurance Plan?

You might be making regular investments for your various life goals, be it your dream vacation, establishing your start up or your child’s higher education. However, the progress can come under threat with health emergencies, especially critical illnesses.

Expenses associated with critical illness treatment are only increasing in the country. Medical or health insurance is essential to cope with these expenses, however, they may not be enough to manage the financial burden that comes along with a critical illness, especially if the illness strikes the breadwinner of the family.  

With the onset of any such illness, most of the Indian population generally dips into accumulated savings for various life goals or other investments to meet their expenses arising due to illness. You or your family members may even need to take loans. This is why you need a provision for financial protection and support in case of medical emergencies.

The good news is that you can protect your and your family’s life goals from getting derailed due to unanticipated health emergencies with critical illness health insurance plans. Such plans offered by life insurance companies provide Lump sum benefit on detection of covered critical illnesses. In the process, they ensure that your health doesn’t come in the way of achieving your life goals. 

Why you need a critical illness health insurance plan

Wide critical illness coverage

Illness always come unexpectedly and as a result affect our life and financial situation adversely. With change in lifestyle the chances of anyone getting affected by critical illness have also increased drastically. Recovering from such illnesses can be both expensive and time consuming.

Ample critical illness cover

Studies show that the average cost of treatment of critical illnesses today could vary anywhere from 3 Lakhs to 30 Lakhs (Source: World Health Organization (WHO). Moreover an individual diagnosed with a critical illness has to factor in various other factors like loss of income, day-to-day expenses, and costs arising due to changes in lifestyle etc, which are not covered under hospitalization plans. 

Financial support

Hence the need of the hour is an insurance policy that pays a lump sum, irrespective of your treatment cost and covers a wide range of critical illnesses.

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How critical illness health insurance plans provide the required protection

protection Most Critical illness health insurance plans provides policyholders and their families with a Lump sum amount on diagnosis. As a result of this, investors can secure his and his family’s life goals by not dipping into his savings to manage the expenses arising due to critical illness.
Additionally, one can save tax, since the premium payable under this policy is eligible for tax benefits under Section 80D of Income tax Act 1961.

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Terms & 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

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Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##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.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**5% 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.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Terms & 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

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