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Understand Life Insurance

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Basics of Life Insurance

Life Insurance can provide financial protection to your loved ones and accomplish their life goals in your absence. Life Insurance makes sure that you and your family live a secure life. Let us help you understand in detail about life insurance, its salient features, how it works, its benefits etc.

The Importance of Regularly Reviewing Your Insurance Policies

Some insurance plans might be long-term, like life

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Jeevan Pramaan Patra FAQs: Eligibility, Validity, And Documents Required

When a person grows older, there comes a time when

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Documents Required to Buy a Life Insurance Policy

A life insurance policy is a protection tool which may

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E Insurance Account
An insurance policy is a financial protection tool which covers the financial loss suffered in an unforeseen event. For instance, a life insurance policy covers the risk of premature demise. If the life assured passes away during the policy tenure, the policy pays a financial benefit to help the family deal with the loss suffered. Read More
Protecting Your Finances: The Importance of Adequate Insurance Coverage
An insurance policy is a financial protection tool which covers the financial loss suffered in an unforeseen event. For instance, a life insurance policy covers the risk of premature demise. If the life assured passes away during the policy Read More
Life Insurance Riders
A life insurance policy covers a specified contingency. For instance, life insurance plans cover the risk of a premature demise. If the insured passes away, the policy pays a death benefit. However, if the insured suffers a critical illness or becomes disabled but is alive, usually, no benefit may be paid under a regular life insurance plan. Read More
Money Back Insurance in Life Insurance

There are different types and variations of life insurance policies

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Difference Between Life Insurance and Annuity

A life insurance policy is a contract between an

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Annuity Plans: A Comprehensive Guide

Retirement planning is essential since your income might stop in

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Superannuation and Its Concept

Employers often pay retirement benefits to their employees either due

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Things to know for NRI for their Retirement Planning

Non-resident Indians (NRIs) often move internationally

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Insurance solutions for HNIs- Balancing investment with coverage – investment avenues
High Net-Worth Individuals (HNIs) are Read More
Medicals for NRIs while applying for Life Insurance

The Foreign Exchange Management Act (FEMA) allows

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Insurance for NRIs – How to choose?

Non-resident Indians (NRIs) are allowed to buy life insurance policies

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What is Insurable Interest in Life Insurance?

Individuals may consider buying a life insurance

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Why Should You Check Your Insurer's Claim Settlement History Before Buying Life Insurance?

A life insurance policy usually covers the risk of

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What Happens When Your Life Insurance Lapses?

A life insurance policy is usually a long-term contract. It

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Life Insurance Claim Settlement Ratio - What is it? Why does it matter?

Buying a life insurance plan may be a crucial financial protecting your family

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Life Insurance Plans To Consider Before Starting A Family

Starting a new family may bring a lot of happiness

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Whole Life Insurance Tax Benefits

Life insurance plans provide coverage against premature death and grant

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Is Your Company’s Group Life Insurance Coverage Enough?

Many companies may have incorporated employee

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Life Insurance Penetration In India

How many people buy life insurance in India? While people

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What To Expect From Your Life Insurance Agent?

When it comes to buying life insurance policies, you

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Can You Get Life Insurance as a Diabetic?

Lifestyle illnesses, like diabetes, have become

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Types Of Bonuses In Life Insurance

Receiving more than what we expect in the form of a bonus is usually welcome,

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Benefits Of Life Insurance Plans

In India, many people are of the mindset that life insurance is not needed

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Single Premium Life Insurance Tax Benefits

A single premium life insurance policy is a type of

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The Impact of Your Health on Your Life Insurance Premiums

Things like taking care of your health and practising a

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Life Insurance with Accidental Death Benefit Rider

How do you prepare your loved ones to be financially

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Life Insurance For Business Owners

Being an entrepreneur, you may be accustomed to planning long-term

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Know the Different Types of Life Insurance in India

Life insurance plans help in financial planning by creating a

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How To Buy Life Insurance On A Budget?

Life insurance may often be bought as a financial security

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Features and Benefits of Group Life Insurance

Group insurance refers to insurance products that are extended to

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How To Compare Life Insurance Quotes

One of the primary aspects of buying life insurance, customers

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How Does Group Insurance Work Under The Employer-Employee Scheme?

A group life insurance plan is a plan that gives

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Components of Life Insurance

Buying life insurance is one of the important aspect of the important aspect

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What Is Life Insurance With Maturity Benefits?

People usually buy life insurance plans to deal with unfortunate

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Life Insurance Cover: How Much Life Cover Do You Need?

One of the common questions that a potential policy buyer

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What Are The Advantages Of Group Life Insurance Policies?

Given the fact that how unpredictable life can be, opting

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What is KYC - Meaning, Types, And Importance

When it comes to any kind of investments, buying

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FAQs Regarding The MWP Act, 1874

A life insurance plan helps ensure the financial stability of

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How To Open An E-Insurance Account?

The insurance industry is beginning to feel the digital effect1.

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Why Life Insurance For Your Spouse Can Be A Suitable Gift?

There are various special moments in a couple’s life –

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What Are The Features And Benefits of E-Insurance Accounts?

People might keep a folder for all important documents, to

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Safeguard Yourself Against Lifestyle Diseases with Life Insurance

Life insurance is increasingly becoming a priority in order to

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Things to Keep in Mind before Buying a Life Insurance Plan

Life insurance is integral to comprehensive financial planning. You need

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Why Parents Of Special Needs Children Need Life Insurance In India?

Having a special needs child can be emotionally and financially

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How Much Money Should You Keep in the Bank?

A savings account is a safe way to keep your

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3 Ways to Put Your Work from Home Savings to Good Use

Working from home has proven to be a blessing for

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Can I Add a Rider To An Existing Life Insurance Policy?

Life insurance plans allow a wide scope of coverage to

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How to Observe the International Day of Persons with Disabilities?

The WHO joins other partners around the world to observe

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Why Should You Consider Buying Life Insurance Online?

Today is the age of digitisation as technology has taken

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Group Insurance Policies that Offer Life Cover

One of the unique ways in which employers attract talented

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Buy Life Insurance This Diwali and Secure Your Loved Ones

On coming October 24th everyone would be celebrating Diwali, the

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Know the Importance of Group Life Insurance This National Unity Day

National Unity Day is celebrated every year on 31st October 1. It is an Indian

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Taxability of Life Insurance Policy Payouts

A life insurance policy has several benefits. It gives financial

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What Is The Free Look Period In Life Insurance Policies?

Ever heard of “buyer’s remorse”? This may happen with life

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FAQs On Life Insurance

An integral part of financial planning is the availing of adequate

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International Literacy Day 2022 – Learn About Financial Planning

In the standard financial planning, the planning is easy

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Engineers Day 2022: Top 10 Financial Planning Tips For Engineers

Engineer’s Day is around the corner. Every year, it is

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5 New Trends That May Shape The Life Insurance Industry In 2022

Anybody desiring a strong financial portfolio always

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What is a Life Insurance Nominee?

The purchase of insurance is a financial choice that will

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Make Raksha Bandhan Special By Giving A Lifelong Raksha

The holiday that honours the pinnacle of their love,

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This Independence Day Make Financial Freedom A Priority

We frequently imagine ourselves spending our money on whatever we

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What Makes Group Life-Insurance a Worthy Buy?

Knowing that the future of their families is well-protected helps

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International Youth Day - The Importance of Life Insurance for Youth

The twenties are a period of remarkable growth and maturation,

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Importance of Group Life Insurance for a Business

Group life insurance, as the name implies, is a plan designed to offer

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Importance of Reading Fine Print Before Buying an Insurance Policy

There are two types of people: those who go through the life insurance

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6 Unexpected Ways Life Insurance Can Help Protect Your Family’s Financial Future

The rising instances of lifestyle diseases have made

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How Life Insurance Can Empower Women’s Financial Lives

The world we live in is continually evolving. Over the

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Learn How To Design Employee Benefit Plan – Group Life Insurance

Just as much as employees of any organisation work

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How to name a child as a life insurance nominee

Your life insurance policy is aimed at safeguarding the

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National Insurance Awareness Day

On June 28, National Insurance Awareness Day will take

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Does the nominee of Life Insurance Pay Taxes?

A life insurance plan is one of the easiest ways

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Role of Life Insurance in Achieving Financial Independence

Financial planning is not just about wealth creation

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What to do if you were mis-sold a life insurance policy

Any agent selling insurance products has the duty to

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5 Creative Uses of Life Insurance You've Never Thought Of

A life insurance policy is a very useful financial tool

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5 Reasons to Invest in Money Back Plans

There isn't a single person who does not desire their

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The 10 Most Important Facts About Life Insurance

A life insurance plan is a financial instrument

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How to Calculate the Cash Surrender Value of Life Insurance?

A life insurance policy can help you secure the

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Do You Know Your Human Life Value?

When an automobile is involved in an accident, the amount of damage

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Everything You Need To Know About Buying Life Insurance For Your Grandchildren

One of the greatest and proudest events in a

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Top Reasons Why You Have to Pay Higher Premium for Life Insurance

If you're just starting to look for life insurance plans, you may be

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5 Things To Remember Before Purchasing Life Insurance

Purchasing a life insurance plan is easy. In fact, all it takes is a

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6 Reasons to Buy Life Insurance Policy Online

Until a few years back, individuals used to rely on

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What are the Different Life Insurance Riders?

A life insurance policy is designed to offer the family

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Why is it Important for Senior Citizens to have Life Insurance?

If you’re looking for a way to secure your family’s

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What are the Rider options with a Life Insurance Plan?

A life insurance policy is a versatile financial tool. It

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10 Life Insurance Facts that are a Must Know

A life insurance policy is one of the ways to

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Factors that increase Life Insurance Premium

Life Insurance is an essential financial product that

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Haven’t Bought a Life Insurance Policy? You May Be Exposed to These Risks

Getting life insurance these days is quite easy. All it

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Why People in India Don’t Buy Life Insurance? – Top 5 Myths

A life insurance policy is a useful financial product that

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Help Us Help You – 7 Steps to Quicker Policy Issuance

In life, you constantly try to safeguard your loved ones

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Why You Shouldn't Stop Paying Your Life Insurance Premium?

Different people may have different financial goals.

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Should you Buy Life Insurance after Marriage?

Securing the financial future of their family is an

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Life Insurance Myths Debunked

If financially protecting your family’s future is your priority, then

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Should I Consider Buying Life Insurance If I Am Single?

A life insurance plan is a financial tool that helps

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Do you need Life Insurance if you are Single?

A life insurance plan is a financial tool that helps

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Steps on How to Buy a Life Insurance Policy

A life insurance policy is a contract between a person

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What are the Advantages of having a Life Insurance Policy?

It's critical to protect your family's financial future,

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What are the Tax Benefits of Life Insurance?

A contract between you and an insurance provider is

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How does Different Types of Life Insurance Policies Work?

A life insurance plan is one of the preferred financial

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Know why having a life insurance policy is important!

There’s a lot of uncertainty surrounding us. Life in

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Group Life Insurance – Everything you need to Know

There are many different types of life insurance

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Savings Plan – Know All About It

A life insurance plan helps you protect your family financially

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Features of Life Insurance

The lifespan of human beings has gone up significantly in recent years. But the risk of

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What is Life Insurance Premium?

Life can be very uncertain. And it is always a good thing to be prepared for what the future may hold.

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Beware of Insurance Theft Scam Calls! You Could be the Next Target

Have you been receiving unsolicited life insurance

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Most Common Types of Life Insurance Frauds

Insurance fraud seems like an easy job. One might wonder,

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Impact Of Coronavirus On Insurance Industry

Around the latter half of 2019 in China, a novel virus - SARS CoV-2 was identified.

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How to keep your employees motivated during Coronavirus

The COVID-19 pandemic has not only hit us all financially

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How to Buy a Suitable Covid-19 Insurance

COVID-19 is a disease that is caused by a particular family of coronaviruses

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How Insurance Can Help You Build A Better Life Post-COVID

COVID-19 has impacted us all greatly. This infectious disease caused

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Simple Precautions To Reduce The Spread Of Coronavirus

The coronavirus has spread across the globe, causing unforeseen transformations

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How To Stay Fit During COVID-19 Lockdown

The ongoing pandemic and the resulting coronavirus lockdown has forced

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Common Coronavirus Symptoms To Look Out For

COVID-19 has turned out to be a game changer in                  

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Importance Of Life Insurance During The Coronavirus Pandemic

The COVID-19 pandemic brought about many uncertainties in the life

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Will Life Insurance Cover COVID-19 Death Claims?

The COVID-19 pandemic has turned out to be a huge

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How To Work From Home Efficiently During COVID-19 Lockdown

The COVID-19 crisis was unexpected, and clearly,

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Things To Do In COVID-19 Quarantine

It would be an understatement to say that the coronavirus                   

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Benefits Of Buying Life Insurance Online During COVID-19 Pandemic

As the pandemic continues to have the world in its                                          

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COVID-19 – Why Best Time To Buy Life Insurance Is Now

Life insurance is essential at all times because it offers                 

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COVID-19 – How Life Insurance Helps You Secure Life Goals

Every individual and family is advised to financially plan for

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How To Determine Your Life Insurance Cover

Figuring out the amount of life cover that is desirable

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Life Insurance Quotes – Know All About Them

One of the most important parts of financial planning

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What Is Life Insurance Policy?

Insurance penetration and insurance density, which reflects the development of

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Whole Life Insurance – Know All About It

There are innumerable risks to human life. Millions lose their

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Life Insurance – A Comprehensive Guide

Human life is uncertain. Even though the risks to

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Disclaimer

2Above illustration is for Bajaj Allianz Life Smart Protection Goal - A Non Linked, Non Participating, Individual Life Insurance Term Plan (UIN: 116N174V02) considering Male aged 25 years | Non-Smoker | Standard Life | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Total Sum Assured opted is Rs. 1,00,00,000 | Total Premium - Rs. 2,21,970 | Online Channel | This is exclusive of discount for salaried customers and for customer's first individual life insurance policy | medical rates | Yearly Premium Payment Mode | Premium shown above is 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.

 

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. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency.

 

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

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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

Disclaimers:
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~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. 

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