Claim Settlement Ratio of 99.02%~


  • World's First Music Video Created Retired Senior Citizens

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get Life Cover worth Rs.1 Crore at Rs.20 per day2 – Bajaj Allianz Life Smart Protect Goal

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


Thanks for sharing your details, A Sales representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead


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

Get 1 Crore Life Cover@ Rs.20 Per Day2

Covers COVID-19 Claims##

Importance of Reading Fine Print Before Buying an Insurance Policy | Bajaj Allianz Life

Pay lower premium3 on online term plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

2,3,##T& C Apply | BJAZ-BN-EC-03414/22

2,3,##T& C Apply | BJAZ-BN-EC-03414/22

Importance of Reading Fine Print Before Buying an Insurance Policy


Aug 03, 2022

By : Bajaj Allianz Life

There are two types of people: those who go through the life insurance policy terms and conditions section to learn more about what they might sign, and those who avoid doing so out of inconvenience. After all, reading the fine print of any document may be challenging as it involves breaking down a bit of legal jargon. Even though most people might not have the time or interest in reading this section of their insurance policy, there are circumstances where knowing this information comes in handy.

Here’s why reading the fine print of your insurance policy is essential, and how doing this can save you the future hassle, and losing money.


What is the fine print in an insurance policy?


First, let’s describe what the fine print of a life insurance policy is. These are often labelled as the “terms and conditions of life insurance policy'' and contain information that tends to add nuance to what is stated on your life insurance policy document. This is what we are referring to with the term 'fine print.'

The second you sign your insurance papers and submit your documents for approval, the underlying assumption is that you have read the fine print and agree to the terms and conditions of life insurance policy.


Why is fine print important to read


With the above backdrop, what makes reading the fine print so important? Here are a few reasons you should make it a habit to browse the terms and conditions of any contract you plan on signing:

● Gives you a better understanding of your policy:

When you choose to go through the fine print of your life insurance policy, you’re ensuring that you are aware of, as well as understand all of the provisions of your policy. This practice makes you a smarter and more informed customer. In fact, you might find information about your policy in this section that is enough to either convince you or dissuade you from signing your life insurance policy documents. It's important to avoid taking the chance of assuming you know everything about a life insurance policy before you sign the papers.

● Saves you money and time :

If you were to buy a life insurance policy without going through its terms and conditions, and it so happens that the policy is not valid under certain circumstances which frequently occur for you, then paying premiums towards it becomes futile. Reading the fine print can save you from spending copious amounts of money on a policy that is unsuitable for you.

● Offers you legal protection:

Every document's terms and conditions are designed to help both parties legally. When you go through the terms and conditions of your policy, you know exactly what to expect from the policy. If you do not receive, for whatever reason, what is written in the signed agreement, you are within your rights to let your insurer know. Remember that if you do not fully agree with the life insurance terms and conditions, nobody can force you to sign the insurance contract. Hence, reading the fine print can help you learn what is expected from your policy, and demand it if you are not getting what was promised.




At the end of the day, you do not want your insurance claim to get rejected for a reason that comes as a surprise to you. Instead, you want a policy whose protection is guaranteed in the agreed-upon circumstances. For this, it is necessary to read the terms and conditions of your policy and understand exactly what you plan on signing. You can save yourself future hassle time, and money by reading this section of your policy, and also become a more informed customer in future insurance purchases.



Bajaj Allianz Life Videos


Bajaj Allianz Life | Children's Day

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

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

Tel No: 020-66026773

Fax No: 020-66026789

Branch Visit Timings:

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

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:


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

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:


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

For NRI: +91-20-35125850 (Call charges apply)

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

Find Us Online

##Our policy covers COVID 19 claims subject to policy terms and conditions being met

3Discount is available for regular premium and limited premium payment frequency under all variants of this product.

2Above illustration is considering Male aged 25 years | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | medical rates | Annual 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.

In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs.

~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. 

The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on carefully before concluding a sale.