Claim Settlement Ratio of 99.02%~

Notifications11

  • World's First Music Video Created Retired Senior Citizens

    WATCH VIDEO
  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

    WATCH VIDEO
  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

    KNOW MORE
  • Here's a Comprehensive Tool To Plan Your Child's Future

    START NOW
  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

    WATCH VIDEO
  • Get Life Cover worth Rs.1 Crore at Rs.20 per day2 – Bajaj Allianz Life Smart Protect Goal

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

    KNOW MORE
  • Paying your Renewal Premium is Quick and Easy!

    PAY NOW
  • Know the right amount of Insurance you need in just a few steps!

    START NOW
  • Avail Term Insurance Tax Benefits under Section 80D

    READ MORE
  • Know how to invest money during the covid-19 pandemic!

    READ MORE

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

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

Get 1 Crore Life Cover@ Rs.20 Per Day2

Covers COVID-19 Claims##

Buy term insurance plans online

Pay lower premium3 on online term plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

2,3,##T& C Apply | BJAZ-BN-EC-03414/22

2,3,##T& C Apply | BJAZ-BN-EC-03414/22

Tips To Buy Term Insurance Online


calender-blue

January 15, 2020

By : Bajaj Allianz Life

It is obvious for an investor to get confused due to numerous insurance options available in the market. To purchase the right term insurance plans in India, one must understand the basics of the policy. However, a majority of the policyholders are lured by its cheaper price at the time of purchase. Although the price is an important factor, an investor must avoid basing his purchase decision on it. When you select the right policy, you can easily fulfill all the life goals of your family. A good policy ensures the security of your loved ones in the long run. Therefore, take a look at why every investor must purchase term insurance for the betterment of their family:

Significance of term insurance plans in India:

Financial planning is mandatory to protect the needs of your family members. An investment in a term plan acts as a safety net for your loved ones. When you buy term insurance for your entire family, you can assure their protection in times of emergencies. A good term policy secures your family in times of death, disease or disability. Term policies offer death benefits to the beneficiaries/nominee of the policyholder. On the death of the policyholder, the insurance companies provide the Sum Assured amount to the nominees/beneficiaries who can obtain it either in a lump-sum amount or on a monthly basis based on their preference. The idea behind the introduction of term plans is the security of your family/dependents at an affordable rate. To choose the right policy at a minimal rate, take a look at these tips mentioned below:

Tips to choose the ideal term insurance in India:
1. Consider the needs of your family

Before selecting the policy, consider the needs of all the members of the family. Since the number of dependents varies at every stage of your life, choose the coverage amount accordingly. The financial responsibilities of a single person are comparatively different than that of a person who is married and has kids. Hence one has to assess their life stage and decide a coverage amount accordingly.

2. Opt for an online purchase

Purchasing a term plan online or offline makes a significant difference in the formalities and price. Online purchase definitely saves time and money. The prices are lower for online term plan as it has no intermediary costs involved.

3. Assess the coverage

The amount of coverage plays a significant role at the time of purchase. The coverage amount must be selected based on the number of dependents and their current life goals. Select the final policy by assessing the amount of funds your family will require in your absence to maintain their standard of living. Moreover, opt for a coverage by evaluating the effects of inflation.

4. Check the claim settlement ratio of the Company

The claim settlement ratio is an important factor of consideration while purchasing term insurance plans. It indicates the percentage of claims paid out of the total filed claims in a year. Greater the claim settlement ratio, the better are the chances of availing the entire amount of sum assured from the respective company.

5. Avail the additional riders

Certain companies provide extra riders on top of the coverage. Availing the riders allows the investor to enhance the value of the coverage. Insurance companies might provide riders like disability cover, waiver of premium cover, and so forth. There is an extra cost added to avail these riders for additional protection.

To sum up, a term plan offers high sum assured coverage at a nominal price and covers the risks and uncertainties in the lives of the policyholder and helps one take care of their family goals.

Bajaj Allianz Life Videos

Play

Bajaj Allianz Life | Children's Day

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:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:

1800-209-7272

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

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:

1800-209-4040

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

For NRI: +91-20-35125850 (Call charges apply)

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

Find Us Online

##Our policy covers COVID 19 claims subject to policy terms and conditions being met

3Discount is available for regular premium and limited premium payment frequency under all variants of this product.

2Above illustration is considering Male aged 25 years | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | medical rates | Annual 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.

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.