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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

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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

 

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Upto 12% Discount* on first year premium

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* T&C apply | BJAZ-WB-EC-04701/23

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*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. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

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

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*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. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

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

Why Should You Consider Buying Life Insurance Online?

Today is the age of digitisation as technology has taken advanced steps to make life easier. Internet can give you the solution for almost everything, whether it is looking up information, making purchases, or even doing financial transactions.

With the rising popularity and usage of the internet, life insurance policies have also gone digital. Now, you can buy the plan online through various means that include –

  • The insurance company’s website
  • Insurance aggregator platforms
  • Online brokers
  • Online insurance agents

This has simplified the buying process and even made it more convenient. Here are some of the benefits of buying life insurance online.

 

Some Benefits of buying life insurance online

 

1. Easy purchase process:

The online purchase process is easy and convenient. You don’t have to step out and visit the insurance company or look for an agent. You can simply go online, fill up an online proposal form, submit the required documents, make online premium payment and buy the policy from the comfort of your home or office.

Many insurance companies also facilitate video KYC through which your identity is authenticated. Furthermore, there are facilities of eKYC and CKYC etc. through which insurance policies can be sold online without the need for the policyholder to be physically present.

2. Complete transparency:

When you buy an insurance policy, the complete details of the policy and the insurance company are easily available. You can read through the policy terms and conditions and benefits structure, make comparison with similar products and understand what you are buying.You can assess the coverage, see if it meets your needs, and then make an informed decision about buying the policy.

3. Lower premiums:

When you buy a life insurance policy directly from the insurance company, the middleman or intermediary is eliminated. As the intermediary is eliminated, so is the commission cost payable to him. As the commission is eliminated, the premium reduces. Thus, in many cases, buying online can give you affordable premiums.

4. Secured transactions:

If you purchase a life insurance policy through the website of the insurer or its registered intermediary, your transaction will be secured through encrypted data.

5. Quick policy issuance:

When you submit the online proposal for insurance, the insurance company gets the proposal in real time. This helps the insurance company in expediting the processing of the proposals and ensure faster issuance of the policies.

6. Ease of calculating your coverage with online calculators:

Online life insurance calculators are available that help you calculate the estimated insurance coverage required after considering various factors. You can use these life insurance calculators and find out how much sum assured you should buy and what the premium would be for the same.

7. Ease of comparison:

When you buy online, you can compare similar policies offered by different insurers. Online insurance aggregators and brokers help you compare and pick the suitable life insurance plan that matches your needs. You can get a comprehensive scope of coverage at competitive premium rates when you compare.

The online medium is convenient. However, ensure that you understand the detailed terms of the policy when you buy it online. If you have queries or confusion, you can connect with the insurance company for assistance to help you buy the life insurance plan online, without hassles.

Check out the life insurance plans available online and consider buying them if they match your investment needs and requirements.

BJAZ-WEB-EC-01548/22

##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 www.bajajallianzlife.com) carefully before concluding a sale.