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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

Things to keep in mind while buying your first Life Insurance

Primary tips:

1. When a person is young, cost of life insurance is low.

2. While purchasing a life insurance plan, remember to cover your debts first.

3. Also, financially protecting your family’s/dependents standard of living is important.

Tips for protection from financial worries:

1. For a sole breadwinner, a pure term cover is ideally the starting point.

2. Your Sum Assured should be based on your total liability and your family’s/dependents monthly expenses.

Tips for investment with protection:

1. ULIP Plans are a very good option for people with good financial risk taking appetite and for those who need to create a CORPUS.

2. ULIPs combine life insurance protection with investment and work best for investment horizons of 15 years or more.

3. ULIPs provide optimal returns when held for longer period.

4. The younger you start saving in a ULIP, the larger the corpus you can build.

5. It is essential to make your mind for long term investment of at least 10 years, preferably 15 years or more, if you buy a ULIP.

6. For those with low risk appetite, depending upon investment horizon, a With Profit (referred to as Par plans – plans where “Bonuses” accumulate over time) Endowment or Whole of Life plan will be ideal.

Want to know more? Use below tools to find the right life insurance and investment amount to protect future of your loved ones:

~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.