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Best Age to Buy Term Life Insurance

Buying a term life insurance policy is a critical financial decision that can provide peace of mind and security for your loved ones. Many young adults believe that buying a term plan is a distant concern, something that needs to be done at a later stage of life. Read More


While there isn't a universally right age to invest in a term insurance plan, understanding the right time to buy one and how it fits your life stage can be pivotal for the financial security of your loved ones. Let us know and explore when to buy a term life insurance policy and the various advantages it offers at different life stages.Read Less

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Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry, with a strong understanding of the insurance sector.
Reviewed ByRituraj Singh
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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.
Written on: 14th July 2025
Modified on: 16th July 2025
Reading Time: 15 Mins
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What is term insurance?

Term insurance is the simplest form of life insurance policy, which provides coverage for a specified period against life risk due to the untimely death of the insured during the policy term and pays a death benefit to the nominees to fulfil their financial liabilities and ensure a financial safety net for the loved ones. Term insurance plans are protection-oriented plans that aim to cover the risk of premature demise. This means that if the life assured passes away during the policy tenure, the death benefit is paid, which can support the family financially. Besides the return of premium plans, term plans have no maturity value. If the life assured survives the policy tenure, no maturity benefit is paid. However, Return of premium plans are different from basic term plans as they refund the premium paid over the policy term upon survival, albeit at a higher premium cost.


Reasons to buy Term insurance

Here are some of the reasons to consider buying a term insurance policy:

  1. Affordable Premiums

    Term insurance generally offers affordable premiums compared to other types of life insurance policies. , allowing you to secure substantial life cover without high premium costs.


  2. Tax Benefits

    Investing in term insurance offers tax benefits under the Income Tax Act of 1961. You can claim a deduction on your annual premium paid for term insurance plans under Section 80C of the Income Tax Act under the old tax regime and also get tax-free death benefits under Section 10(10D), subject to provisions stated therein.


  3. Flexibility

    Term insurance plans offer the flexibility to choose the coverage amount and the tenure of the policy based on your insurance needs and financial goals.


  4. Add-on riders

    You can also customize your term insurance policy with add-on riders such as critical illness riders, accidental death benefit riders, etc. to enhance the scope of your term policy at an additional premium cost.


  5. Peace of mind

    Term insurance policies provide the much-needed peace of mind that your family and loved ones are financially protected and secured even in your absence.


The best age to invest in a term insurance plan

The right age to buy term insurance varies from individual to individual, depending on family and financial circumstances. In general, you need a term life insurance policy if you are the breadwinner of the family and have several dependents , or if you have outstanding debt that will continue after your death. Life insurance becomes more expensive with every passing year, so the sooner you buy one, the better. As people grow old, they may develop health problems, which can increase the premiums while buying a term plan. While there's no one-size-fits-all answer, here are term insurance benefits for each age group range, presenting unique opportunities for securing coverage and guiding the answer to when I should buy term life insurance:


  1. In your 20s

    The simplest answer to when to buy term insurance is your 20s, as the premiums at such an early age are lower with comparatively fewer financial obligations on the individual, making it a preferred time to buy one. As people age, their financial responsibilities increase significantly. Further, the risk of medical diseases and health problems is much lower in the 20s, ensuring eligibility.


  2. In your 30s

    The need for term insurance increases as one settles into a career and starts a family in their 30s. At such an age, you may have dependents who rely on your income. Term insurance provides them the financial security in your absence to lead a financially stable life. Premiums in your 30s will be reasonable compared to a later age, making it a wise investment decision.


  3. In your 40s

    While the premiums for term insurance may increase in your 40s, buying one can still be advantageous, especially if you have long-term financial goals such as your child’s education, their marriage, or outstanding loans or debts such as home loans, etc. Many insurance companies offer term plans to cater to individuals in this age bracket.


  4. In your 50s and beyond

    It’s never too late to consider buying a term insurance policy. While premiums tend to be higher at an older age due to increased mortality risk, term plans can still be valuable, especially for individuals with ongoing financial responsibilities or those preparing for retirement. While the premiums at an older age are higher due to high mortality risk, for those with ongoing financial responsibilities and preparing for retirement. Term plans act as a security net for your spouse when you are not around to enable them to lead a financially stable post-retirement tenure. However, before buying a term plan, ensure you are eligible, given your medical and health conditions and the terms of the term insurance policy.


  5. Financial Responsibilities

    Assess your current and future financial responsibilities and obligations. If you have several dependents such as a spouse, children, or ageing parents), it’s essential to ensure early coverage to secure them financially. The more responsibilities one has, the earlier one should consider buying a term policy.


The Factors to consider when deciding the age to buy term insurance

It is suggested that you buy a term insurance plan as early as possible to enjoy maximum benefits. If you wait too long to buy one, not only does it become expensive, but it also becomes harder to get the policy approved by the insurance underwriter. Here are some of the factors to consider when deciding the right age to buy term insurance:


  1. Income Stability

    It is also necessary to consider your income consistency and job security when deciding the best age to buy term insurance. If you have a stable job with a reliable income, it is a good time to buy insurance.


  2. Health Status

    Your health plays an important role in determining the premiums. Buying term insurance when you are healthy and young usually lowers premiums. Also, if you have pre-existing medical conditions, it may be more challenging to get affordable coverage later on.


  3. Financial Goals

    Consider your financial goals and objectives, such as buying a home, investment plans, your child’s education, or saving for retirement. Term insurance enables you to allocate funds to your financial goals while ensuring you have life protection in place.


The right age to buy a term plan depends on different situations

Deciding the right age to buy a term insurance plan can impact your financial safety and the well-being of your family. You can consider some of the following situations when deciding when you should buy term life insurance.


  1. If you are the sole breadwinner of the family

    For sole breadwinners of the family, it is essential to consider term insurance as early as possible as it ensures that your family is not left financially strained in meetingday-to-day expenses. A term insurance policy enables them to cover their essential expenses, such as daily living costs, housing, and education, providing peace of mind for you and your family.


  2. If you have a tight budget

    If you are beginning your career or managing student loans, your budget may be tight and constrained. In such a case, you can consider buying a basic term insurance policy, as even a smaller coverage can provide vital financial protection at an affordable premium. As your financial situation improves, you can increase your plan coverage later.


  3. If you are starting a family

    Starting a family is also a good time to buy term insurance, as it may lead to additional financial responsibilities, including spouse & child care and education. Acquiring insurance coverage at this time ensures that your family’s financial future is protected regardless of what the future holds.


  4. If you are planning to buy a home

    If you are planning to take on a mortgage for a home, it can be considered ideal for buying term insurance. This will safeguard the financial future of your family if you pass away before the mortgage or the home loan is paid off, ensuring they do not face financial strain.


What Is the Maximum Age to Buy Term Insurance?

The age limit for purchasing term insurance can vary from provider to provider. Majority of insurers offer policies up to age 60 or 65, while others may offer plans as high as up to the age 70 or 75. As the age of the Life Assured increases, the premium may also be higher. The options for coverage may be fewer at older ages. Some plans are made specially for senior citizens, depending on their health and the provider’s rules. There can be varied terms for these plans, such as less coverage or fewer medical tests. The final age limits, features, and costs vary by company and policy. It's important to keep in mind that term insurance is available at older ages, but the premiums might be higher.


Why Should You Get a Term Plan Early in Life?

Starting a term plan early helps with steady coverage, easy payments, and long-term support. It offers protection at a young age and keeps the benefits fixed for many years.


  1. Flexibility

    Getting a term plan early gives more choices. The Life Assured can pick a long policy term and a cover that fits future needs. Some plans also allow addition of add on benefits called riders at an additional nominal premium.


  2. Low Premiums

    Premiums are typically lower when Life Assured is young. Since health risks are usually lower, the cost of the plan is also lower. Once the premium is set, it remains unchanged. Starting early keeps the plan light on the pocket while offering full coverage. Over time, it also becomes more affordable compared to buying it later in life.


  3. High Sum Assured

    A higher sum assured is easier to get at a younger age. Since risks are low, companies may offer more coverage at a lower cost. This means the nominee receives strong financial support if Life Assured passes away during the policy term. The fixed payout can help the family cover expenses like rent, bills, or school fees. A high sum assured adds long-term safety and becomes a strong financial backup for the nominees.


  4. Financial Stability

    Beginning a term plan early enables you to carve out a consistent financial safety net. It protects the nominees in the unfortunate case of death of the life assured , during the policy term. The sum assured remains constant and provides certainty for the nominee on how much money will be given. Additionally, the planned costs can be funded without any additional income. This provides a buffer and allows for some financial protection at a difficult time for the family.


  5. Financial Discipline

    Paying for a term insurance plan from a young age provides financial discipline. The life Assured learns to track payments and keep in mind regular expenses. Whether premiums are paid annually, quarterly, half-yearly or monthly, they become a consistent part of one's budget. . This helps form a habit of planning ahead and aids in better monetary understanding and consequently, this fosters a more responsible approach to manage money. .


What Factors Affect the Eligibility of a Term Plan?

Age, health, job, income, past illnesses etc are some of the deciding factors . Insurers check these to understand if the person can get coverage. Honest details make the process smoother.


Overall Health of the Applicant

Health plays a big part in getting a term plan. Insurers look at medical history, current health problems, past illnesses etc. People with serious conditions like heart trouble or diabetes may need to share extra reports. A health check is often done before purchasing the plan. If someone smokes or drinks, that may also affect the plan. Sharing all details helps avoid problems later. Some plans may have higher costs if health risks are present.


Financial Liability

Financial liability means how much money someone already needs to pay for loans or family needs. When applying for a term plan, insurers check income and current financial obligations. This helps decide how much cover the person can get. For example, if someone has a home loan or supports children, they may need more coverage. Job type and income level also play a part. These checks make sure the person is not over- or under-covered. The sum assured should match what the family might need in case something happens.


How Does Age Affect Term Insurance?

Age plays a big part in getting a term plan. Younger people often have fewer health issues and can get coverage at a lower premium. As people grow older, health risks increase, and plans may cost more.


Different Phases of Life and Their Financial Aims

At every age, people have different financial needs. Someone in their 20s may be paying off an education loan or helping their parents. In their 30s or 40s, they may want to care for their spouse and kids. Later in life, the focus may shift to safeguarding savings or being ready for health costs. These changing goals affect how much coverage a person may need. It also shows how long the life assured might need protection. So, age connects closely with what a person wants to secure at each life stage.


Health Problems and Life Insurance Plans

As people get older, their health changes. Some may have conditions like high blood pressure, diabetes, or heart disease. These health problems can make it harder to get a term plan or may increase the premium. Insurers often ask for medical reports to know the current health of the life assured to understand the level of health risks.


Education Loan, Retirement Planning, and Financial Stability

Different age groups deal with different financial matters. A young person may be repaying a student loan. Someone in their middle years might be saving for their children’s needs. Older people often look at keeping their savings steady for retirement. These goals affect the kind of term plan they may choose. It also helps insurers see how much coverage may be useful. The life assured’s financial condition and stage in life work together to shape the plan’s value and purpose.


Benefits of Term Insurance for Various Age Groups

Term plans work differently at every age. Younger people may get longer coverage at a lower cost. Middle-aged people may use it to fulfill their family’s needs. Older people may use it to leave financial support behind.


Benefits for Younger Individuals

Young individuals often get term plans at a lower cost. This is because they usually have fewer health issues. The Life assured can get coverage for a longer time. At this stage, there may be loans or family responsibilities to think about. Getting a plan early may make the process simpler, as health is mostly stable at this age. . Younger people also have the option to choose higher coverage since they have more years ahead.


Benefits for Middle-Aged Individuals

People in their 30s to 50s often manage home loans, school fees, or health costs. A term plan during this stage may help support those needs. The life assured can still get decent coverage if their health is stable. This is the time when many people have children, a spouse, or parents who depend on them. A term plan can match their current financial needs. Even if premiums are slightly higher than before, the plan can still offer helpful support. At this age, planning is often about staying ready for any sudden change, and coverage gives peace of mind.


Benefits for Older Individuals

Older individuals, usually above 50, may still get term plans if their age falls within the eligibility criteria . Some plans offer coverage up to 65 years of age .. These can help them leave money for their loved ones. The life assured may need to share health details or take tests before getting the plan. While premiums are higher at this age, shorter plans are also available. For people in this group, term plans may offer a way to handle final expenses or provide something for the family later.


How to Pick the Best Term Insurance Policy for Your Age

Picking a term plan depends on many things like age, health, monetary needs, and how long coverage is required. The life assured should match the plan with current life stage and goals. Looking at age rules, benefits, and plan terms helps in finding what works at that time in life.


Evaluating Your Age and Current Health

Age and health are closely checked before giving a term plan. A younger life assured may get longer coverage and lower costs. If someone has health problems like diabetes or high blood pressure, a medical check might be needed. The plan choice depends on how fit the person is and how old they are. These details help decide what kind of plan may be offered and what the costs will be.


Understanding Age Limits and Renewal Options

Term plans come with age limits. The life assured can usually buy a plan between 18 and 65 years. It’s important to know if the plan ends after a fixed time or if it can be continued. Renewal rules also vary, so the plan should match the life stage.


Evaluating Your Current Financial Situation

The money a person earns and the bills they pay help shape their term plan. If the life assured has any loans or is supporting family members, they may consider having excess life cover. The income level of the life assured helps Insurance Companies ascertain the appropriate level of sum insured. This helps to ensure the proposed plan does not over-insure or under-insure. The method for paying premiums - monthly, quarterly, half-yearly, yearly - may depend upon the budget/cash flows and style of living of the life assured.


Assessing Your Goals and Requirements

At every age, people have different needs. A younger life assured may want coverage financially help parents. A middle-aged person may need it to financially protect his children and a spouse. Older people may want to cover other financial obligations or leave something behind. These goals help shape what kind of term plan works best. Matching the plan to current responsibilities makes it easier to manage and understand its purpose.


Reviewing Policy Features and Benefits

Term plans offer different features like return of premium etc. Reviewing the plans features , benefits and inclusions helps clarify what is covered and what the nominee will receive .


Conclusion

When buying term insurance, younger is usually better. The longer you delay it, the more expensive it will become. Further, if you wait for too long, you are at risk of declining health, which could further increase your premium rates or even make you ineligible for certain policies. The best age to buy a term life insurance policy varies based on your family situation, personal circumstances, finances, and obligations.


Frequently Asked Questions

  1. Who is eligible for term insurance?

    Individuals who qualify on the eligibility parameters of insurance companies can buy a term insurance policy, although eligibility may vary by insurance company and the terms of the term insurance policy.


  2. Can I buy term life insurance if I'm older?

    Yes, older individuals can also buy term life insurance, but the premiums for the policy may be higher due to age and potential health issues.


  3. What are the factors that affect term insurance premiums?

    Key factors that affect term insurance premiums include age, health, lifestyle habits (such as smoking), gender, and the family medical history, among other factors.


  4. What is the age limit for term insurance?

    Most term plans can be bought between 18 and 65 years. S


  5. What is the youngest age you can get life insurance?

    The life assured can usually buy a term plan from the age of 18. This is the general starting age when most people become eligible for coverage based on basic requirements.


  6. What is the best age to buy term insurance?

    Different ages have different financial needs. While some individuals purchase a life insurance policy early on, others prefer to do so later, when it better suits their financial objectives and stage of life. There isn't necessarily a "right age," rather it depends on the budget , financial needs , life stage etc of the individual.


  7. Can someone who is retired purchase term insurance?

    Yes, retired people may still get term plans if they meet the age limit. It depends on the plan’s rules and whether the person fits the age and health conditions required by the insurer.


  8. What is the oldest age to get term life insurance?

    Many plans allow the life assured to buy term insurance up to 65 years. After that, new plans may not be offered, though existing ones can continue till their set maturity age.


  9. Can a senior citizen of 65 years buy term insurance?

    Yes, some plans let people buy term insurance at 65. The person may need to meet health and age requirements. Coverage and premiums depend on what the plan allows for at that stage.


  10. Are there any age restrictions specific to different term insurance plans?

    Yes, different plans have different eligibility criteria regarding age . Some may allow early entry, and others may not have entry at a certain age. These rules help decide who can get the plan and for how long.


  11. How long should term life insurance last?

    Term insurance ends when the chosen plan period ends. This could be at 70, 85, or even 99, depending on what was picked when the plan started and what the insurer offers.


  12. What is the age range for term insurance?

    The usual age range to buy a term plan is 18 to 65. Life assured can stay covered longer if the plan allows it.

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | 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.

##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.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**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. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax 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%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


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The views stated in this article are not to be construed as investment advice, and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions, please read the sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life Insurance Company Ltd., Regd. office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN: U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us: customercare@bajajallianz.co.in

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.

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*Tax 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.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Disclaimer

%%Above illustration is for Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V03) considering Male aged 25 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,238. 2nd Year onwards premium is Rs. 6,659. Total Premium Paid is Rs. 1,99,349 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments (Lumpsum Payout Percentage : 45, Income Payout Percentage : 55) | 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. This is inclusive of all the discounts mentioned above.

##Tax 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%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws
Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

X
Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax 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%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


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Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | 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.

##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.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**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. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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