Life Goals Loading…

    4

    Notifications4

    • Get Life Cover worth Rs.1 Crore at Rs.18 per day2 – Bajaj Allianz Life Smart Protect Goal

      PLAN NOW
    • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

      PLAN NOW
    • Life Insurance Term Plan with Return Of Premium

      WATCH NOW
    • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

      KNOW MORE

    Looking for a Term Plan?

    Get Exclusive Discount on online purchase^

    Have us call you

    Please enter a Name
    Please enter a Mobile No.

    ^3% Discount is available for regular premium and limited premium payment frequency under all variants of Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan.

    Please select a option
    Please select a option

    Thanks for sharing your details, A Sales representative from
    Bajaj Allianz Life will contact you shortly.

    Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

    Have Us Call You

    Get your Life Goals Done

    Have us call you

    Please enter a Name
    Please enter a Mobile No.
    Please select a option

    How To Buy Term Insurance At Different Life Stages

    Buy term insurance

    How To Buy Term Insurance At Different Life Stages


    calender-blue

    October 25, 2019

    By : Bajaj Allianz Life

    Ideally, the right time to buy term insurance plans is at a younger stage of life. While a majority of policyholders buy early, the rest acquire these policies only when they plan on extending their family. When you buy term insurance plan, it secures your families from unannounced emergencies arising in the future. Opting for a term plan at the appropriate time ensures the accomplishment of your life goals with ease.

    Before purchasing term insurance plans, consider the needs of your loved ones. Understanding their basic requirements enables the protection of their way of living in your absence. Hence, take a look at how an investment in term insurance plans significantly impacts your lives:

    Why should I buy term insurance?

    A term insurance plan financially covers the nominees from unfortunate events like the death of the policyholder. The prime motto of the term insurance plans is the financial safety of the family member for a long duration. Therefore, on the death of the policyholder, the nominees receive a death benefit to sustain themselves financially. The beneficiaries can obtain the sum assured either as a whole in lump-sum or in monthly installments.

    With every stage of your life comes a different set of responsibilities and financial needs. The policyholder must consider these changing needs before selecting a term insurance policy. For instance, a married individual requires a comprehensive coverage since his spouse and kids are dependent on him. Hence, go through the following points on how to buy term insurance at different life stages:

    How to buy term insurance plans at different life stages?

    1. When you’re young

    At a young age, there are times when we need loans to cover for your higher education. It is expected that you pay off these loans when you get a well-paying job. However, if something happens to you, the responsibility of paying these loans fall on your parents. Hence, get a term plan when you’re young. The premiums are low and if something does happen to you, your parents don’t have to worry about your pending financial obligations.

    2. When you plan on getting married

    Marriage comes with tons of responsibilities. The top responsibility is the financial security of your spouse throughout their lives. While a majority of couples end up taking a loan for their bright future, one must opt for term insurance plans. Purchasing a term plan with monthly income ensures the provision of the death benefit to your spouse as well as eases the burden of repaying the loans.

    3. When you have kids

    Every parent wants the best for their little ones. As your kids grow up, you want to ensure you accomplish all their dreams. A majority of times kids wish to study abroad. To fulfill their goals even in your absence, purchase a term plan. In case of an unfortunate event like the death, your kids will receive a lump-sum payout and/or a monthly income as per the terms of the plan.

    4. When you’re nearing the retirement age

    During retirement the responsibility of your spouse falls on you. Since your better half is also dependent on you, buy a term insurance plan, which offers a monthly payout in your absence. In case you’ve borrowed a loan and failed to repay it, you can protect your spouse with a term plan. The death benefit will help your nominees to pay for your past debts.

    To sum up, term insurance plans understand your protectiveness towards your family, hence, works towards their betterment. Irrespective of your savings, everybody needs a constant support system to remind them to keep going. Therefore, invest in a term plan and plan your future with the right financial assistance by your side.

    Bajaj Allianz Life Videos

    Video Icon

    Smart Protect Goal | Pay For 5 Years, Get Term Insurance Coverage For Life | Bajaj Allianz Life

    Video Icon

    Happy Independence Day 2020 | #IndiaSolveKarteJaa | Bajaj Allianz Life

    Video Icon

    Flexi Income Goal – Variants, Features, Benefits Explained

    Video Icon

    Why Choose Bajaj Allianz Life To Help Get Your #LifeGoalsDone?

    Video Icon

    #DostiWithDad - Happy Father's Day | Bajaj Allianz Life | Life Goals Done

    Video Icon

    Covid-19 Survivor Story | Bajaj Allianz Life Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Lage Raho India - Keep getting your #LifeGoalsDone

    Video Icon

    Don’t Let COVID-19 Lockdown Get in The Way of Your #LifeGoals

    Video Icon

    Coronavirus (COVID-19) Advisory Video #DooriHaiZaroori

    Video Icon

    Coronavirus COVID-19 impact on markets - CIO Commentary | #KeepCalmStayInvested

    Video Icon

    Bajaj Allianz Life Leadership Team | #PlankForIndia

    Our MD & CEO, Tarun Chugh launches #PlankForIndia campaign and planks with Sanjiv Bajaj MD & CEO, Bajaj Finserv and Chairman Bajaj Allianz Life & the rest of the group leadership team.

    Video Icon

    #PlankForIndia | Bajaj Allianz Life

    Bajaj Allianz Life will contribute to the training and development of India's future sports stars. Come together to Plank for Good Health, PlankforIndia.

    Video Icon

    #PehlaDinPehlaResolution

    #PehlaDinPehlaResolution | Happy New Year | Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Bajaj Allianz Life Goal Assure

    Bajaj Allianz Life Goal Assure - A ULIP Investment Plan To Achieve Life Goals

    Video Icon

    Valentine's Day

    Valentine's Day

    Video Icon

    Bajaj Allianz Health Care Goal

    A Comprehensive Health Insurance Plan with Critical Illness Cover | Bajaj Allianz Life Health Care Goal

    Video Icon

    #36SecPlankChallenge video

    Promote Healthy Living for a Better Tomorrow with our #36SecPlankChallenge

    Contact Us

    Bajaj Allianz Life Insurance Company Ltd.

    Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

    Tel No: 020-66026773

    Fax No: 020-66026789

    Branch Visit Timings:

    Weekdays - 9:00 AM to 3:30 PM

    Customer Care Helpline:

    1800-209-7272

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67871700 (Call charges apply)

    Monday to Saturday 9.00 AM to 7.00 PM (IST)

    Sales Enquiry Helpline:

    1800-209-4040

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67688888 (Call charges apply)

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)