1. What is the Rs.1 Crore Term Insurance age limit?

The age limit for a Rs.1 crore term insurance plan depends on the policy that you buy. Usually, the minimum entry age is 18 years while the maximum is 75 years and varies insurer to insurer depending on the terms and conditions [9] .

2. What is the eligibility for 1 Crore Term Insurance?

Resident Indians and Non-Resident Indians can buy the Rs.1 crore term insurance plan provided they fulfil the minimum and maximum age criteria specified by the insurance company and have sufficient income to pay the underlying premium.

3. At What Age Should I Buy the Best Term Insurance Plan for 1 Crore?

It is better to buy the Rs.1 crore term insurance plan as early as possible so that you can lock in a lower premium at a younger age. Moreover, when you buy young, you can enjoy coverage from an early age and also save taxes on the premiums paid.

4. Should I Buy a One Crore Term Insurance Plan or Endowment Plan?

Buying a Rs.1 crore term insurance plan or an endowment plan depends on your needs. If you are looking for protection only at affordable premiums, the Rs.1 crore term insurance plan would be suitable. On the other hand, if you want to create a savings corpus too, an endowment plan would be suitable. However, for a Rs.1 crore endowment insurance plan, the premium would be high.

5. What is the premium for 1 crore term insurance?

The premium for a Rs.1 crore term insurance plan depends on a lot of factors like age, gender, medical history, lifestyle habits, policy tenure, etc. Enter the details in the premium calculator and you can find how much Rs.1 crore term insurance plan costs.

6. Can 1 Crore Term Insurance offer whole life coverage?

Some term plans offer the whole life coverage option too wherein you can avail of coverage till 99 or 100 years of age. If you choose a plan which offers the whole life option, you can get whole-life coverage .

7. How do I use a 1 crore term insurance premium calculator?

To use the Rs.1 crore term insurance plan premium calculator , you just have to go online, choose the calculator and provide the relevant details. Some of the details that the calculator requires include the following – Age Gender Smoking history Medical history Family history Occupation Policy tenure Premium payment terms and frequency Riders By entering these details you can find the premium instantly.

8. What are the premium payment frequencies available for a 1 crore term insurance plan?

Most Rs.1 crore term insurance plans allow four premium payment frequencies – annual, half-yearly, quarterly and monthly.

9. Do women need to pay lower premiums if they opt for a Rs 1 crore term insurance plan?

Yes, if the woman is also the life insured, the premiums would be lower compared to men. It is because women are statistically found to outlive men and their mortality is lower. Hence the mortality cost is also comparatively lower than men of similar age [5] .

10. How much premium should I pay for 1 crore term insurance?

The premium depends on your age, medical history, lifestyle habits, family history, gender, occupation, policy term, premium paying term , etc. You can calculate the premium using the online premium calculator and pay it for the Rs.1 crore term insurance plan.

11. What amount of income do you require to apply for a 1 crore term insurance plan?

There is no specific income criterion to apply for a Rs.1 crore term insurance plan. That being said, your income should be sufficient to pay the premium and justify buying the Rs.1 crore term insurance plan. Insurance companies use their financial underwriting policies to determine whether your income justifies a coverage of Rs.1 crore or not. So, check with the insurer if there’s a specific income limit for a Rs.1 crore term insurance plan.

Buy ₹ 1 crore Term Insurance Premium Online in India

Claim Settlement Ratio of 99.23%^~

Calling From	Phone Number (Toll Free)
AUSTRALIA	80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI	8014605
INDONESIA	0018030160202
JORDAN	080023194
OMAN	80074363
TURKEY	00800142030059
VIETNAM	1800400070
UNITED STATES	18339680951
Calling us from INDIA	18002097272
Rest of the World	+912067871700 (Call charges apply)

Discover the most Suitable Term Insurance Plan for you!

Tailored Term Plans Solutions for your long-term Goals.

75 Lakh Term Insurance @ ₹ 19/per

2 Crore Term Insurance @ ₹ 21/day

3 Crore Term Insurance @ ₹ 30/Day

5 Crore Term Insurance @ ₹ 44/day

Written ByPalak Bagadia

AboutPalak Bagadia

Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.

Reviewed ByRituraj Singh

AboutRituraj Singh

Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.

How Does A 1 Crore Term Insurance Plan Work?
Is 1 Crore Term Insurance Enough For You?
Reasons To Buy Rs.1 Crore Term Insurance Plan
Other Sum Assured Options For Term Insurance
Why Do You Need A 1 Crore Term Insurance Plan?
Who Should Opt for a 1 Crore Term Insurance Plan?
Term Insurance Plans by Bajaj
Is It Better To Opt For Higher Coverage?
How to Determine the Right Coverage Amount?
How Do You Choose The Right Term Insurance Plan?
How Is The Premium For 1 Cr Term Insurance Calculated?
What Are The Riders Available With 1 Crore Term Insurance?
What Are The Documents Required To Apply For 1 Crore Term Insurance?
How Do You Choose the Right ₹1 Crore Term Insurance?
Why Bajaj?
FAQs

How Does A 1 Crore Term Insurance Plan Work?

Under a Rs.1 crore term insurance plan, the sum assured is Rs.1 crore. You can choose the following details –

The policy tenure
Premium paying term
Premium paying frequency
Optional riders

Based on the coverage details selected, your age, health condition and other risk factors, the premium is determined.

Pay the premium over the chosen premium payment tenure and in the selected frequency. If the life insured passes away during the chosen tenure, the death benefit of Rs.1 crore would be paid. If the insured survives the chosen tenure, no maturity benefit is paid under normal term plans. However, if the return of the premium plan option is selected, the total premiums paid will be refunded basis policy terms and conditions.

Moreover, if there are riders with the plan, either inbuilt or bought additionally, a rider benefit will also be paid if the incident covered under the rider occurs. For instance, if you choose the accidental death benefit rider and the insured passes away in an accident, the rider sum assured would be paid in addition to the death benefit under the term insurance plan.

Let’s take an example to understand how a Rs.1 crore term insurance plan works –

Mr. Verma, age 25 years, buys Bajaj Allianz Life eTouch II, a non-linked, non-participating individual life insurance term plan with a sum assured of Rs.1 crore. Here are the policy details^* –

Policy term	30 years
Premium paying term	30 years
Premium paying frequency	Annual
Coverage option selected	Life Shield
Premium amount	1st Year Premium is Rs. 5,092 per annum, 2nd Year onwards premium Rs. 5,520 per annum plus taxes.
Variant	Life Shield

Case 1 – Mr Verma passes away in the 7^th policy year

Benefit – His nominee will receive Rs.1 crore as the death benefit and the plan will terminate.

Case 2 – Mr Verma is diagnosed with a terminal illness in the 10th policy year

Benefit – He will receive the sum assured of Rs.1 crore and the policy would terminate

Case 3 – Mr Verma survives the policy tenure of 30years (assuming he bought a pure-term insurance plan)

Benefit – No maturity benefit is paid and the coverage is terminated.

Is 1 Crore Term Insurance Enough for You?

Calculate your sum assured requirement using the life insurance calculator available online. Enter your basic details and find out how much sum assured is needed. Check if Rs.1 crore term insurance is enough for you or if you need a higher sum assured for optimal coverage.

Reasons To Buy Rs.1 Crore Term Insurance Plan

Like other term plans, there are various benefits of Rs.1 crore term insurance plan. Some of the reasons to buy the plan are as follows –

Financial coverage to take care of your family’s needs in your absence.
The death benefit might help pay off outstanding loans when you are not around
The policy can take care of your family’s financial goals
The premiums of the policy are affordable
You can enjoy tax benefits on the premiums paid under Income Tax Act 1961

Reason To BuyOne Crore

Other Sum Assured Options for Term Insurance

You can choose other sum assured levels too depending on your coverage needs. Some of the options, among others, that you can consider are as follows -

Why Do You Need A 1 Crore Term Insurance Plan?

Like other term insurance plans, you need a Rs.1 crore term insurance plan to –

Create a safe financial net for your loved ones
Fulfil the financial goals of your family which might be affected in the case of your premature demise
For debt repayments
To meet the lifestyle needs of your dependents

Who Should Opt for a 1 Crore Term Insurance Plan?

Young professionals

A Rs.1 crore term insurance plan may help in taking care of your financial responsibilities which might increase with age. For instance, when you are young you might be unmarried and have no responsibility for the family. However, later on, when you get married and have children, you might need to plan for a financial corpus for buying a home, car or for planning your child’s higher education.

Read Less

Couple without kids

Newly married couples or couples who don’t have kids can secure their financial goals with a Rs.1 crore term insurance plan. They can also create financial security for their spouse and dependent parents. The plan can help them create a corpus for buying a home or car in the future. Moreover, when they plan a family, they can be start planning for their child’s future financial needs too.

Read Less

Couple with young kids

The Rs.1 crore term insurance plan can give a good corpus to the family in the breadwinner’s absence. The corpus can take care of any existing debts and meet the family’s financial needs. Moreover, it can help finance the children’s higher education if the parent is not around.

Read Less

Couple with older kids

Such couples can plan for other financial goals that they might have like building up a retirement corpus and paying off existing debts. Moreover, the expenses of the children’s wedding can also be met with a Rs.1 crore term insurance plan.

Read Less

Adults approaching retirement

Adults who are close to their retirement age can buy a Rs.1 crore term insurance plan to create a corpus for their spouse in their golden years and also to leave behind a legacy for their loved ones.

Read Less

Term Insurance Plans from Bajaj Allianz Life

Is It Better To Opt For Higher Coverage?

Given the effect of inflation, financial needs keep increasing with each passing year. This is why higher coverage is important so that it can adequately fulfil the family’s lifestyle needs.

Moreover, if you have multiple goals, a higher coverage becomes imperative to fund the different goals that require a considerable corpus given the effect of inflation.

How to Determine the Right Coverage Amount?

To determine the right coverage amount, consider the following factors^{[1] and [2]} –

Age

The younger you are, the higher the sum assured that you would need because financial responsibilities keep increasing as you age.

Read Less

Number of dependents:

The higher the number of dependents that you have, the higher would be the coverage amount that would be needed and vice-versa.

Read Less

Basic lifestyle needs:

Your basic lifestyle expenses also determine the coverage amount because the amount should be sufficient to give your family the funds needed to meet their lifestyle expenses. The higher the lifestyle needs, the higher the required coverage and vice versa.

Read Less

Inflation rate:

Your coverage should keep pace with the economic inflation. With the rising inflation rates, you need a higher sum assured to cover your and your family’s financial needs.

Read Less

Goals:

The number of goals is directly proportional to the required coverage. The more the number of financial goals that you have, the higher the coverage required to fulfil them all.

Read Less

Existing assets and liabilities:

Existing assets and liabilities also affect the coverage requirement. While existing assets reduce the coverage required, liabilities increase the requirement since you need funds to pay them off.

Read Less

How Do You Choose the Right Term Insurance Plan?

The right term insurance plan would be the one that –

Offers a good and comprehensive scope of coverage
Is easy to understand and buy
Offers quick and smooth claim settlements
Offers a range of riders for coverage customization
Has competitive premium rates

How Is the Premium for 1 Cr Term Insurance Calculated?

The premium is calculated using the following factors^{[3] and [4]} –

Factors	Effect on premium
Age	The older you are the higher your mortality risk . Thus, premiums are higher for older ages compared to younger ones
Gender	Females are usually charged lower premiums compared to males^[5]
Health history	Existing health conditions increase your mortality risks. So, premiums are higher if you suffer from any health or medical complication
Family Medical history	A family medical history of illnesses or ailments affects your mortality since some illnesses can be genetic. As such, an adverse family medical history increases the premium
Occupation	If you are engaged in dangerous occupations, like aviation, mining, defense, etc., the premiums would be higher
Lifestyle habits	Premiums are higher for smokers
Sum assured	The higher the sum assured selected, the higher would be the premium payable
Policy tenure	Long-term term insurance plans have lower annual premiums than short-term plans
Premium paying tenure	Regular premiums have lower annual premium outgo compared to limited premiums
Premium paying frequency	Annual premiums are the lowest while paying premiums in the half-yearly, quarterly or monthly mode attracts a loading which increases the overall premium amount
Riders	Inbuilt or optional riders added to the policy enhance the premium since the coverage increases

What Are the Riders Available with 1 Crore Term Insurance?

Some common riders available with a Rs.1 crore term insurance plan include the following –

Rider	Meaning
Accidental death benefit rider (AD)	This specific rider covers accidental deaths during the policy tenure. In such cases, an additional rider sum assured is paid^[8]
Accelerated death benefit rider (ADB)	This rider covers if the insured persons is suffering from terminal illness and can decrease their life span. Generally, insurers advance a percentage of the death benefit of the base policy to the insured.^[6]
Waiver of premium rider	The rider waives future premium if the insured suffers a disability or critical illness or if the policyholder passes away while the life insured is still alive^[6]
Family income benefit rider	The rider pays a monthly guaranteed income for a specified period to take care of the family’s lost income^[6]

What Are the Documents Required to Apply for 1 Crore Term Insurance?

Some of the common documents required to buy a Rs.1 crore term insurance plan are as follows⁸–

Proposal form

photographs

Proof of identity

Proof of address

Proof of age

Proof of income

Medical report

Any other document

filled and signed by the proposer

Recent colored photographs

Aadhaar card, PAN card, voter’s ID card, passport, driving license, etc.

Aadhaar card, voter’s ID card, passport, driving license, recent utility bills, Property Deed, Registered Rent Agreement, etc.

birth certificate, Aadhaar card, Voter’s Identity card, PAN card, Passport, School certificate, Driving License, etc.

salary slip, form 16, financial statements of the business, bank statement, etc.

Medical examination report (if applicable)

Any other document required by the insurance company

How Do You Choose the Right ₹1 Crore Term Insurance?

Like other term plans, check the below-mentioned factors when choosing the right Rs.1 crore term insurance plan –

Coverage offered:

While term plans offer simple coverage, you might find inbuilt or additional riders and coverage options which enhance the scope of the policy and make it flexible. Look for the coverage benefits and choose a plan that offers the coverage you need.

Read Less

The premium charged:

Compare the premium offered across different Rs.1 crore term insurance plans. Compare the premium vis-à-vis the coverage offered and choose a plan that offers the best deal.

Read Less

Ease of buying the policy:

Term plans which are easy to buy, with limited efforts and no complicated process, are better. You can get covered quickly with such plans.

Read Less

Ease of claim settlement:

Check the claim process and buy a policy which offers quick and easy claims without much hassles.

Read Less

Claim Settlement Ratio:

Compare the Claim Settlement Ratio (CSR) across insurers. A company with the high CSR shows that the company has settled the maximum of its claims.

Read Less

99.29%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

Stable Rating by CARE^$$

₹1,23,734 Cr

Assets Under Management (AUM)^**

3.85 Cr

Number of Lives Covered^#

359%

Solvency Ratio of 359%^{^^^}

Disclaimer:^~Individual Death Claim Settlement Ratio for FY 2024-2025 | ^%96.70% 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 | ^$$For details refer to press release published by CARE | ^**All figures as on 31 March, 2025 | ^{^^^}Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | ^#Individual and group, as on 31 March, 2025.

Frequently Asked Questions

Read All

Life Insurance Guide

Videos
Articles
Calculators
Podcasts

Life Insurance Made Easy | Death Benefit

Death benefit is the amount that the life insurance company provides to the beneficiary in case of unforeseen demise of the life assured during the policy tenure

Life Insurance Made Easy | High sum assured rebate

A High Sum Assured Rebate is a discount offered on the premium for life insurance policies with a larger cover

Life Insurance Made Easy | Return of Premium

Understanding #lifeinsurance terms may be challenging. As part of Bajaj Allianz Life’s #LifeInsuranceMadeEasy series we are simplifying industry terminology

Life Insurance Made Easy | Compound Revisionary Bonus

#Lifeinsurance terms got you mixed-up? As part of #LifeInsuranceMadeEasy series, Bajaj Allianz Life’s is helping to simplify industry terminologies

Life Insurance Made Easy | Auto pay

Watch this video from the #LifeInsuranceMadeEasy series, a customer education initiative by Bajaj Allianz Life to know how Autopay simplifies the premium

Life Insurance Made Easy | Compound Revisionary Bonus

#Lifeinsurance terms got you mixed-up? As part of #LifeInsuranceMadeEasy series, Bajaj Allianz Life’s is helping to simplify industry terminologies

Term Insurance Premium

Rising costs of living have made the process of living itself a rather expensive process. These daily costs interspersed with high

Types of Death Covered by Term Insurance

Rider Benefits under Term Insurance

Term insurance plans offer a range of riders which help in enhancing the scope of the policy during the coverage tenure. Riders are

What Is Policy Term?

Even at the best of times, life can be unpredictable and emergencies can strike without a moment’s notice. Therefore, in order to never find

Types Of Term Insurance Plans In India

Life may be great for the most part, but at some point, uncertainties and unexpected events may happen. They may be sudden job losses..

Underinsurance Calculator

With the Underinsurance Calculator, check if your Life Cover is atleast 10x of your Annual Income.

Fixed Deposit Calculator

Answer a few easy questions to calculate your Fixed Deposit Returns.

NPS Calculator

Calculate your NPS returns effortlessly with our simple to use NPS Calculator.

SIP Calculator

Plan your investments effortlessly and achieve your financial goals with our easy-to-use SIP Calculator.

Retirement Preparedness Score Calculator

Answer a few simple questions to know how prepared you are for your retirement.

Life Goal Calculator

Answer a few simple questions to know the corpus required to fulfil your Life Goal.

Child Education Planning Tool

A simple to use and comprehensive tool to plan for your child's education.

Term Insurance Calculator

An easy to use Term Insurance calculator to determine the right life cover amount as per your needs.

Savings to Life Goals Convertor

Use this calculator to know how savings from regular expenses can help you achieve your Life Goals.

Financial Fitness Calculator

Get to know your Financial Fitness Score by answering few simple questions.

Immunity Score Calculator

Use our immunity calculator to find out your immunity score in just a few clicks!

ULIP Calculator

Know the amount to invest today to have the corpus to accomplish your Life Goals tomorrow.

Power of Compounding Calculator

Get an estimate of how much your investment will grow over a period of time.

Income Tax Calculator

Know your income tax based on the taxable income and explore Life Insurance plans to save more tax.

Child Plan Calculator

A simple to use calculator that helps you plan for fulfilling your Child's Life Goals.

Retirement Calculator

Calculate the amount you need to invest today to accomplish your retirement life goals.

Investment Calculator

Answer a few simple questions to know estimated corpus you will have to fulfil your Life Goals.

Body Mass Index (BMI) Calculator

Body Mass Index (BMI) is a measure to understand whether your body weight is healthy as per your height.

How to Retire Rich

ft. Mr. Sameer Joshi, Chief Agency Officer, discussing how to manage finances for financial freedom.

Decoding Union Budget FY24

Mr. Sampath Reddy, Chief Investment Officer, shares his views on the Union Budget 2023.

Will Writing Simplified

Mr. Dheeraj Sehgal, CDO – IB & Mr. Jatin Popat, WillJini discuss Will Writing & Succession Planning.

Buidling Wealth with SISO

ft. Mr. Ajay Rajvanshi, Sr. EVP, as he shares his views on building wealth with SISO.

NRIs and Investment in India

Mr. Rajesh Krishnan, COO, discusses immense investment potential of India for NRIs.

Customer Speaks

Happy with the services

I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.

Rashmi Bhavnani

Satisfied, Trust

I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.

Shrikant A Karande

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.

Kavita Goplani

Very Happy

I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.

Dhruv Soni

Reviewed by Life Insurance Experts

Bajaj Allianz Life is a trusted insurance partner

At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

Popular Searches

Disclaimers:

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life eTouch II are the names of the company and the products respectively and do not in any way indicate the quality of the product and its future prospects or 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. Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune – 411006. IRDAI Reg. No.: 116| CIN : U66010PN2001PLC015959 | Mail us : customercare@bajajallianz.co.in | Call on : Toll free no. 1800 209 7272

¹5% Discount applicable for customer's first individual life insurance policy on the life of the LA, applicable only on first year’s premium. 5% Discount for salaried employees, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

⁴Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) considering Male aged 23 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 7,159. 2nd Year onwards premium is Rs. 7,760. Total Premium is Rs. 2,32,199 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and 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. 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.

⁵Tax benefits as per prevailing Section 10(10D) and Section 80C 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. Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

²Get Free Health Management Services upto ₹ 31,000 per year

Health Management Services	Frequency	Cost (₹)
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
Total per year as per assumption		₹ 31,000

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

⁶Through Parental Care Option available in Bajaj Allianz Life Family Protect Rider (UIN:116B056V01)

^*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

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz Life eTouch II, Bajaj Allianz Life New Critical Illness Benefit Rider and Bajaj Allianz Life Family Protect Rider are the names of the company and the product/rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document of base product and rider carefully before concluding a sale or consult your “Insurance Consultant” for more details and eligibility conditions. Bajaj Allianz Life Superwoman Term comprises of Bajaj Allianz Life eTouch II – Life Shield variant (UIN:116N198V03) a Non-linked Non- Participating Individual Life Insurance Term Plan, Bajaj Allianz Life New Critical Illness Benefit Rider – Comprehensive option (UIN: 116B058V01) a Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (this is a mandatory rider) and Bajaj Allianz Life Family Protect Rider – Child Care option (UIN: 116B056V01) - a Non-linked, Non-participating, Individual, Pure Risk Health Rider (this is an optional rider).

Bajaj Allianz Life eTouch II is also available individually for sale without the riders or with the other available riders options under the base policy.

^{^^*}Available with Bajaj Allianz Life Family Protect Rider – Child Care option - A Lumpsum benefit equal to 105% of Total premiums paid4 w.r.t rider will be paid on the earliest occurrence of death or Accidental Total Permanent Disability, plus a monthly income as a percentage (0.1% to 0.5%) of Rider Sum Assured as opted at inception will be paid until child turns Age 25. 4Total Premiums Paid: Total Premiums paid till date w.r.t. the rider option shall be the total of all premiums received under the rider option chosen, exclusive of taxes, extra premium w.r.t. the rider, if any. This is an optional rider.

^~~~Available with Bajaj Allianz Life New Critical Illness Benefit Rider - Comprehensive option (UIN: 116B058V01) - A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider. This is a mandatory rider

^{^^^}Health Management Services for Women upto ₹ 36,500 per year

Health Management Services for Women	Frequency	Cost (₹)
Comprehensive Health Check-Up: - Cancer Screening - Diabetic, Thyroid, Lipid profile tests - Calcium Serum test - Complete Blood Count test	1 per year	₹ 3,500
*OPD^{^} in-clinic consultations* (Specialist doctors like Gynaecologist, Obstetrician, Dermatologist, Paediatrician, Orthopaedic & General Physician) ^{^}OPD – Outpatient Department	1 per year	₹ 1,000
*Pregnancy OPD^* wallet** (OPD^ benefit worth ₹ 2,000 unlocked in case of pregnancy)	Once during policy term	Not considered in yearly cost since this is available once during policy term
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10% Out-patient consultation (O) - 10% In-patient consultation (P) - 5%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
		O - ₹ 5,000	₹ 500
		P - ₹ 10,000	₹ 500
Total per year as per assumption		₹ 36,500

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor insta consultations and health coach services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

⁷Above illustration is for Bajaj Allianz Life iSecure - A Non-Linked Non-Participating Term Life Insurance Plan (UIN:116N109V05) considering Male aged 25 years | Non-Smoker | Policy Term (PT) – 10 years | Premium Payment Term (PPT) – 10 years | Sum Assured opted is ₹ 50,00,000 | Online Channel | Standard Life | Total Premium Paid is ₹ 1,17,340 | Medical Rates | Monthly 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.

⁸If the customer is digitally KYC compliant and meets the eligibility criteria, medical, and underwriting norms.

⁹2% Discount on online purchase is available for regular premium payment and limited premium payment frequency throughout the premium payment term.

²⁷Tax 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.

²¹HSAR – High Sum Assured Rebate is subject to policy terms and conditions

²²Premium rate applicable to female life will be based on the premium rate of 3 years’ younger male

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, 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency, applicable only on first year’s premium.

²Above illustration is for Bajaj Allianz Life Smart Protection Goal - A Non Linked, Non Participating, Individual Life Insurance Term Plan (UIN: 116N174V05) 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. 2,08,143 (1st Year Premium is Rs- 6535/- and 2nd Year onwards Rs -6952/- )| 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.

¹Product feature/benefit mentioned above are dependent on optional benefit, if selected.

^~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.

Price Increasing Soon!*

16% Discount on 1^st Year Premium³

Lowest Price Guaranteed^#

Full Name

Date of Birth

Are you an NRI?

Yes No

Select Country

Australia
Austria
Belgium
Canada
Czech Republic
Denmark
England
Finland
France
Germany
Greece
Greenland (Denmark)
Holland
Hong Kong
Hungary
Iceland
Ireland
Italy
Japan
Kingdom of Bahrain
Kuwait
Luxembourg
Mauritius
Netherlands
New Zealand
Northern Ireland (UK)
Norway
Oman
Poland
Portugal
Qatar
Romania
Saudi Arabia
Scotland
Singapore
Slovenia
South Korea
Spain
Sweden
Switzerland
United Arab Emirates
United Kingdom
USA
Vatican City
Wales (UK)

Mobile Number

Email Id

Annual Income

I agree and consent to the Terms & Conditions, Privacy Policy

^*,3,#T&C Apply

Gender

Male Female Others

Tobacco/Nicotine

Yes No

Occupation

Education

Pincode

Choose your Life Cover

I agree and consent to the Terms & Conditions, Privacy Policy

^*,3,#T&C Apply

Bajaj Allianz Life Goal Assure IV with 10X Life Cover²

BUY NOW

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Bajaj Allianz Life Goal Assure IV with 10X Life Cover²

Starting from ₹ 3000/ Month¹

Zero LTCG Tax^$

Buy Now

^Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

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.

^#Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms . Subject to availability in Bajaj Allianz Life ULIP Plans. 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.

*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.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome

Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

Term Insurance Plans

Insurance Coverage Plans

Affordable Term Plans

Policy Term Plans

Insurance for All

Insurance Made Easy

ULIP Plans

Savings Plan

Endowment Plans

Child Insurance Plan

Retirement Plans

NRI Plans

Term Insurance Plans

ULIP Plans

Savings Plan

Retirement Plans

Endowment Plans

Life Insurance Calculators

Rider Plans

Group Plans

Fund Performance

Life Insurance Guide

Tools & Calculators

1 Crore Term Insurance

How Does A 1 Crore Term Insurance Plan Work?

Is 1 Crore Term Insurance Enough for You?

Reasons To Buy Rs.1 Crore Term Insurance Plan

Other Sum Assured Options for Term Insurance

Why Do You Need A 1 Crore Term Insurance Plan?

Who Should Opt for a 1 Crore Term Insurance Plan?

Young professionals

Couple without kids

Couple with young kids

Couple with older kids

Adults approaching retirement

Term Insurance Plans from Bajaj Allianz Life

Is It Better To Opt For Higher Coverage?

How to Determine the Right Coverage Amount?

Age

Number of dependents:

Basic lifestyle needs:

Inflation rate:

Goals:

Existing assets and liabilities:

How Do You Choose the Right Term Insurance Plan?

How Is the Premium for 1 Cr Term Insurance Calculated?

What Are the Riders Available with 1 Crore Term Insurance?

Proposal form

photographs

Proof of identity

Proof of address

Proof of age

Proof of income

Medical report

Any other document

How Do You Choose the Right ₹1 Crore Term Insurance?

Coverage offered:

The premium charged:

Ease of buying the policy:

Ease of claim settlement:

Claim Settlement Ratio:

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio~

Get 1 Day Claim Approval%

Stable Rating by CARE$$

Assets Under Management (AUM)**

Number of Lives Covered#

Solvency Ratio of 359%^^^

Frequently Asked Questions

Life Insurance Guide

Videos

Articles

Calculators

Podcasts

Life Insurance Made Easy | Death Benefit

Life Insurance Made Easy | High sum assured rebate

Life Insurance Made Easy | Return of Premium

Life Insurance Made Easy | Compound Revisionary Bonus

Life Insurance Made Easy | Auto pay

Life Insurance Made Easy | Compound Revisionary Bonus

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$$

Assets Under Management (AUM)^**

Number of Lives Covered^#

Solvency Ratio of 359%^{^^^}