Claim Settlement Ratio of 99.29%~

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Quick, Simple and Hassle free

Claim Settlement Process
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Important Notifications
  • Expedited Claim Settlement Services for Victims of Pahalgam Tragedy
  • WE COVER COVID-19 CLAIMS*

Bajaj Allianz Life expresses heartfelt condolences to all the victims of the Pahalgam tragedy and their families. We stand with you in this difficult time. To support affected families, we have set up a special claims settlement desk to simplify and expedite the claims process.

  • Dial our toll-free number 1800-209-7272 for quick assistance.
  • Visit your nearest branch for immediate support.
  • Drop us an email at claims@bajajallianz.co.in for timely assistance.
  • Contact Nodal Officer, Mr. Suhas Vibhute on 020-66439027
  • Death caused due to COVID-19 is covered under all products.
  • COVID- 19 hospitalisation expenses will be covered under Care First/Family Care First*
  • *Health Insurance policies of Bajaj Allianz Life
3 Quick and Simple Steps to Process Life Insurance Claims
  • Claim Reporting
  • Claim Processing
  • Claim Settlement
Generate Form
Claim Processing
As the claim is processed, we ensure to keep you posted

Assessment of claims documents submitted

Updates via SMS through each stage of claims processing

Intimation via a call for any requirement of additional documentation

Reminder via letters, in case additional documents are not submitted within the stipulated time

Our claim Helpline,
TATA: 1800-209-7272

Track your claim
Claim Settlement

It’s our endevour to process all claims as early as possible to ensure life goals get back on track at the earliest. After receiving all required documentation, turn-around time for any claim received is as follows, as mandated by Insurance Regulation and Development Authority of India (IRDAI):

Process Input

TAT for Death claims

TAT for Health claims

Raising Claim Requirements

Within 15 days of receipt of claim

Within 15 days of receipt of claim

Settlement or Rejection or Repudiation of claims wherein Investigation is not required

Within 30 days from the date of receipt of last necessary document

Within 30 days from the date of receipt of last necessary document

Settlement or Rejection or Repudiation of claims wherein Investigation is required

Investigation should be completed not later than 90 days from the date of receipt of claim intimation and the claim shall be settled within 30 days thereafter

Investigation should be completed not later than 30 days from the date of receipt of last necessary document and the claim shall be settled within 45 days from the date of receipt of last necessary document

Documents
  • Death Claim
  • Critical illness Claim
  • Disability or hospitalization claims
  • Health Claim
  • Group Claim
  • PMJJBY

Mandatory documents required

  • Original policy documents

  • Attested copy of death certificate issued by local municipal authority

  • NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook

  • Nominee's photo identity & address proof such as copy of Passport, Voter identity card, Aadhar (UID) card, etc.

Additional documents required on basis of cause of death (Download Form)

Medical/Natural death

 

  • Copy of Medical Records (Admission Notes, Discharge/ Death Summary, Test Reports etc.)

Accidental/Unnatural death

  • First Information Report (FIR) or Panchnama/Police complaint

  • Post Mortem Report

  • Final Police Investigation Report (if any)

Mandatory documents required

  • All Copies of Investigation Reports (Including Radiological Investigations during Hospitalization)

  • Nominee's photo identity and address proof such as copy of passport, voter Identity card, Aadhar( UID) Card etc.

  • NEFT Mandate Form attested by bank authorities or copy of cancelled cheque or bank account passbook.

  • Attending Physician Certificate Confirming Critical Illness Details

  • Copies of all treatment records (Discharge Summary, Hospitalization Indoor Papers, Consultation papers)

Additional documents (Accidental Hospitalization)

 

  • Copy of MLC/FIR
  •  

 

  • Copies of Indoor case papers (Wherever Applicable)
  •  

Mandatory documents required

  • Nominee's photo identity and address proof such as copy of passport, voter Identity card, Aadhar( UID) Card etc.

  • NEFT Mandate Form attested by bank authorities or copy of cancelled cheque or bank account passbook.

  • Copies of all treatment records (Discharge Summary, Hospitalization Indoor Papers, Consultation papers)

  • All Copies of Investigation Reports (Including Radiological Investigations during Hospitalization)

  • Attending Physician Certificate Confirming Disability Details

  • Copy of MLC/FIR Report

Additional documents (Accidental Hospitalization)

  • Certificate of Treating Doctor (Wherever Applicable).

Mandatory documents required

  • Original Claim Form

  • Copy of Policy Documents

  • Original Discharge Summary.

  • Original Hospitalization Final Bill & Laboratory bills

  • Original Hospitalization & Laboratory bill payment Receipts

  • All Original Investigation Reports( Including Radiological Investigations and Films during Hospitalization)

  • Nominee's photo identity and address proof such as copy of passport, voter Identity card, Aadhar( UID) Card etc.

  • NEFT Mandate Form attested by bank authorities or copy of cancelled cheque or bank account passbook.

  • Copies of Indoor case papers( Wherever Applicable)

Additional documents required (Accidental Hospitalization)

  • Copy of MLC/FIR

  • Copies of Indoor case papers( Wherever Applicable)

Mandatory documents required

  • Original Claim Form

  • Death certificate issued from Births & Deaths Registrar

  • Nominee cancelled cheque or bank account passbook copy.

  • Nominee KYC

  • First Information Report( FIR) or Panchnama/ Policy Compliants

  • Post Mortem Report

  • Final Police Investigation Report (If Any)

  • Affidivit (Incase of Nominee change)

  • Affidivit and MPH Declaration (Incase of LA Change)

Other Forms

Mandatory documents required for Accidental/Un-Natural Death

  • Death certificate issued from Births & Deaths Registrar

  • Death Claim Intimation Form

  • Nominee KYC

  • Nominee cancelled cheque or bank account passbook copy

  • Credit Account Statement (Incase of Split Payment)

  • Customer Authorization Letter (Incase of Split Payment)

  • Affidivit (Incase of Nominee change)

  • Affidivit and MPH Declaration (Incase of LA Change)

Mandatory documents required

  • Death certificate issued from Births & Deaths Registrar

  • Nominee NEFT Details

  • Nominee KYC

  • Affidivit (Incase of Nominee change)

  • Affidivit and MPH Declaration (Incase of LA Change)

Track Your Claim

Check your Life Insurance Claim Status



Is your claim already registered with us?
Please check your claim status online

CLICK HERE

Check your Health Insurance Claim Status

Check your Health insurance (Care First/Family Care First/Healthcare) claim status

Mail Us : balic.healthclaims@healthindiatpa.com

 

CLICK HERE

 Postal Address for Life Claim Submission / Communications:

Bajaj Allianz Life Insurance Co. Ltd.

Bajaj Allianz House, Airport Road,

Yerawada, Pune - 411 006,

Maharashtra

Tel No: 020-66026773

Mail Us : customercare@bajajallianz.co.in

 

Locate Nearest Branch

 

 Postal Address for Health Claim Submission / Communications:

HealthIndia Insurance TPA Services Pvt. Ltd.

Office No’s. 406-412, Fourth Floor, Neelkanth Corporate IT Park, Kirol Road, Opp. Vidyavihar Railway Station (W), Mumbai – 400086.

 

 Call Center Numbers:

Toll Free No (24*7):

1800 2201 02

Sr. Citizens Toll Free No.: 

1800 2269 70

Customer Care No:

(022) 40881000

Board No.:

(022) 66867575

Ensuring Seamless Claim Settlement Experience

Pay your premium amount regularly

Disclose all relevant information

Keep policy related documents safe & handy

Ensure Policy Information is correct & updated

Our Claims Record
A testimony of our promise to you.
99.29%
Individual Claims Settlement Ratio for FY 2024-2025~
1 Day
Claim Approval
2,99,162
Number of Individual claims processed from FY 2006-07 to FY 2024-25
7,281.76 Cr
Amount of Individual claims paid from FY 2006-07 to FY 2024-25

The Claims settlement ratio is the percentage of Insurance Claim settled compared to the total number of the claims received| So, with a claims settlement ratio of 99.29% for FY-2024-25, your trust comes through when you need us the most.| Get 1 day claim approval 7from Bajaj Allianz Life on the eligible policies | 796.70% 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 | *All figures as on 31st March, 2025 | For more details refer Bajaj Allianz Life Annual Report FY 24

Contact Us
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NRI Services Helpline

Calling FromPhone Number
Calling us from INDIA18002097272 (Toll Free)
Rest of the World+912067871700
(Call charges apply)

New Customer

Buy New Policy

@ 1800-209-4040

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

 

Email us on

websaleslife@bajajallianz.co.in

 

Premium Paid Online, Policy Not Issued

Assistance for Policies bought from website.

@ 1800-266-0350

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

 

Existing Customer

Service Related Assistance

@ 1800-209-7272

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

 

Email us on

customercare@bajajallianz.co.in

NRI Customer

Buy New Policy

+ 91-20-35125850
(Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

 

Service Helpline

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

 

Branch Locator

Bajaj Allianz Life Insurance Co. Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

Tel No: 020-66026773

 

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

Locate Branch

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.29%

Claim Settlement Ratio~

Claim Settlement Ratio
1 Day

Get 1 Day Claim Approval%

One Day Claim Approval
AAA

Stable Rating by CARE$$

CARE Stable Rating
₹1,26,434 Cr

Assets Under Management (AUM)**

Assets Under Management (AUM)
3.78 Cr

Number of Lives Covered#

Number of Lives Covered
359%

Solvency Ratio of 359%^^^

Solvency Ratio
Claim Settlement Ratio 2024-25

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 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. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | **All figures as on 30th April, 2025 | ^^^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | #Individual and group, as on 30th April, 2025.

Frequently Asked Questions

Is COVID-19 claim covered under my policy?

Death claim due to COVID-19  is covered under all policies of Bajaj Allianz Life and shall be processed as per the terms and conditions of the policy.

Hospitalisation claim due to COVID-19 is covered under Care First and Family Care First, the health policies of Bajaj Allianz Life.

What is the claims process at Bajaj Allianz Life?

At Bajaj Allianz Life, we follow three quick and simple steps for processing claims:

  • Claim Reporting: After getting the claims form, fill it, attach all necessary documents and submit it at our branch. Do reach out to our Insurance Consultant for any assistance
  • Claim Processing: We will assess your claim be in touch with you via SMS, e-mail or call, in case any further documents are required
  • Claim Settlement: Once all required documents are received and verified, we will settle the claim in accordance with terms and conditions of the policy purchased

Where can I find the Claim form and the list of documents that needs to be submitted?

Please visit our website, branch or ask our Insurance Consultant for the Claim form and a checklist of documents to be submitted along with it.

Where should I submit the claim documents?

Please submit the duly completed Claim form along with all required documents at our branch only, or contact our Insurance Consultant for further assistance.

Why is it essential to submit all records/documents as required by the insurance company?

To enable us to process the claim in a timely manner, we request all claim forms along with the required documents be submitted. This will enable us to process the claim in a hassle free manner, and help life goals to get on track.

What is the time frame within which the claim has to be reported?

It is judicious to report a claim at the earliest. This will help us process it on time. In case of Critical Illness claims, it should be reported only after the end of survival period as mentioned in the policy contract.

How much time does it take to settle a claim?

Claims decision is communicated within 30 days of receipt of all necessary documents / clarifications. In case the claim requires further verification, it may take up to 120 days to settle the claim.

How will I receive the claim amount?

Claim amount will be transferred directly to the nominee’s bank account through electronic fund transfer

What is the procedure of reporting a death claim when there is no nomination or in case of nominee’s death?

In the above situations, we would require the proof of title / succession certificate issued by a competent court. In case we have accepted the claim but are waiting for the issued certificate of proof, we hold the money till the proof is submitted and pay interest as directed by the Insurance Regulatory and Development Authority of India.

When does the company decline a claim?

A claim may be declined in case of non-disclosure of any material information/ misstatement of facts and is found to be made by the policyholder at proposal/revival stage, which would have affected the issuance/revival of policy/rider. Also, non-fulfillment of contract terms and conditions may also lead to claim being declined.

Customer Speaks

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I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
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5
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I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
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5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
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I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5
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The Claims settlement ratio is the percentage of Insurance Claim settled compared to the total number of the claims received

So, with a claims settlement ratio of 99.29% for FY-2023-24, your trust comes through when you need us the most.

Get 1 day claim approval 7from Bajaj Allianz Life on the eligible policies

796.70% 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 3PM on working day (excluding NON -NAV days from ULIP at Bajaj Allianz Life offices

*All figures as on 31st March, 2024 

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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

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Disclaimer

$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

 

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. 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.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

 

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