Buy 1 Crore Term Insurance: Best 1 Cr Term Plan at ₹15/Day Online in 2025

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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?
Benefits of Choosing a ₹1 Crore Term Insurance Plan
Key Policy Features
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?
What are the Factors to Consider Before Buying a 1 Crore Term Insurance?
Who Should Opt for a 1 Crore Term Insurance Plan?
Term Insurance Plans from Bajaj Allianz Life
Is It Better To Opt For Higher Coverage?
When Should I Buy the 1 Crore Term Insurance Plan?
How To Buy 1 Crore Term Insurance Plan from Bajaj Allianz Life
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 Allianz Life Insurance ?
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.

Benefits of Choosing a ₹1 Crore Term Insurance Plan

A ₹1 Crore Term Insurance Plan is an affordable and flexible insurance policy suited for everyone looking to provide financial security to their family.

Coverage at Affordable Premiums

The most significant advantage of a ₹1 Crore Term Insurance Plan is the extensive coverage that can be purchased at affordable rates. The plan allows you to secure the financial well-being of your family in case you are not there to do so. The premium for ₹1 Crore coverage is cost-effective, particularly given the cover amount, which allows many people to obtain financial protection. High coverage at a very affordable price is what makes term insurance a top pick for many.

Financial Security for Your Family

A ₹1 Crore Term Insurance Policy will help your family in case of your death. The death benefit can help your family maintain the standard of living you intended, pay for necessary living expenses, or consider financial obligations like educational and basic expenses. Your family can try to carry on without worry regarding finances, helping them to focus on healing from grief. It is an investment in their future security.

Clear Current Debts

A ₹1 Crore Term Insurance Plan will eliminate your debts and all outstanding financial obligations. The death benefit can be used to settle your debts, including your home loan, personal loan, or other obligations that you may have. This means your family will not have to worry about any debts in your absence.

Complete Coverage with Add-On Options

A ₹1 Crore Term Insurance Plan is usually flexible with many add-on options to provide more coverage. You can also opt for add-on riders, such as critical illness coverage, accidental death benefit and disability cover. Add-on riders offer additional insurance coverage. They cover you and your family, so you are covered not only for death, but also for critical health problems or accidents. You are doing everything possible to complete your financial safety net.

Tax Benefit

With a ₹1 Crore Term Insurance Plan, you could save money on your annual taxes due to the premiums for the plan qualifying for tax benefits as per Section 80C, of the Income Tax Act,1961.

Key Policy Features

These features are common across most term insurance plans and help improve ease of use:

Flexible Premium Payment Options: Choose to pay premiums monthly, quarterly, half-yearly, or annually as per your convenience. Many insurers allow auto-debit and online payments for hassle-free experience.

Multiple Payout Options: Based on your insurer’s offerings, you can choose between lump sum, staggered, or combination payout modes for your nominee to suit your family’s financial needs better.

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

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

What are the Factors to Consider Before Buying a 1 Crore Term Insurance?

There are many important factors to consider when choosing the right 1 crore term insurance policy for yourself and your family. The more you understand these factors, the better decisions you can make to accommodate your financial needs and provide the coverage you need. Here are some things to remember:

Premium Rate of Term Plan

The premium you pay is one of the first factors you may want to check when you buy a 1 crore term insurance product. You should consider going for the plan that falls within your budget. While we agree that having a higher coverage amount is important, you also shouldn’t choose a premium that you cannot afford overall, or one that causes you financial strain down the road.

Claim Settlement Ratio (CSR) of Insurer

Always check the Claim Settlement Ratio (CSR) of the insurer. The CSR is an indication of the insurer's ability to settle claims smoothly and quickly. A higher CSR means that the insurer is known to settle claims with efficiency.

Solvency Ratio

The solvency ratio is a measure of an insurance company's capital adequacy . A greater solvency ratio means that the insurance company can carry out their financial responsibilities and settle claims. This will protect your policy and ensure that your family gets the promised benefit, trouble-free.

Medical Test Requirements

Majority of 1 crore term insurance policies will require a medical test, particularly, when the coverage amount is high. The medical test aims to provide the insurance company with a sense of your health status and will ultimately determine the terms of your policy. Know the medical requirements and ensure you can meet them for quicker approval.

Extra Protection

Riders are add on benefits which enhance the coverage of the plan. These are available at an additional nominal premium and, provide a broader financial safety net in case of unforeseen events

Exclusions

It’s crucial to understand the exclusions in your term insurance policy. Exclusions refer to situations or events where the insurer may not pay out the death benefit. Common exclusions include suicide, death due to alcohol or drug abuse, and pre-existing medical conditions. Be sure to read the fine print and clarify any doubts with your insurer.

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.

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.

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.

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.

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.

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.

When Should I Buy the 1 Crore Term Insurance Plan?

1 Crore Term Insurance Plan is good to buy when you're young. The sooner you put money in, the less you'll pay for premiums. Getting coverage at a younger age can help you cut costs and stay protected for longer. Plus, if you buy the plan when you're healthy, you'll get better deals. Insurance companies might charge more or even say no if you're not in good shape when you apply.

How To Buy 1 Crore Term Insurance Plan from Bajaj Allianz Life

We simplify acquiring a one crore term life insurance policy. Here are the steps to commence the process:

Start your application process. Mention details like occupation, health status, age, and desired coverage limit.
Based on the duration of coverage and your payment frequency, you can opt for a plan for your needs and means.
Certain policies require medical underwriting and term insurance is one such product. Depending on your current health status, the insurer may require you to take a medical test.
Verify that all supplied information is accurate and up-to-date. The policy approval depends on the review of the application and a necessary health checkup.
Once insurer communicates the decision of acceptance of the proposal, you may pay the premium.
Pay using any payment option you prefer (such as online banking or a card etc.) to pay your premium.
After the payment goes through, you'll get a policy confirmation by email or text.

This simple process helps you secure your family's future without breaking the bank.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Ease of claim settlement

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

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.

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 | ^%99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 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. 96% of non - investigative claims notified were processed within one day in FY’25 | ^$$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

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 conditions⁹.

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.

12. Can NRIs Buy the 1 Crore Term Insurance?

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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.

Prices Increasing Soon!*

16% Discount on first year premium^#

Lowest Premium Guaranteed^

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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.

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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

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Claim Settlement Ratio of 99.29%^~

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1 Crore Term Insurance Plan

How Does A 1 Crore Term Insurance Plan Work?

Benefits of Choosing a ₹1 Crore Term Insurance Plan

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Financial Security for Your Family

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Complete Coverage with Add-On Options

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Is 1 Crore Term Insurance Enough for You?

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Young professionals

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Term Insurance Plans from Bajaj Allianz Life

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When Should I Buy the 1 Crore Term Insurance Plan?

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Coverage offered

The premium charged

Ease of buying the policy

Ease of claim settlement

Claim Settlement Ratio

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$$

Assets Under Management (AUM)^***

Number of Lives Covered^##

Solvency Ratio of 359%^{^^^}