Life Goals Loading…

11 Blue cross

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

Have Us Call You
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##

Term insurance plan premium calculator

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

Term Insurance Premium Calculator – Know Everything About It


calender-blue

October 15, 2019

By : Bajaj Allianz Life

Selecting the right type of term policy is an easy process. However, the availability of numerous options makes it tricky to pick the appropriate plan. The purchase decision is made simpler with the introduction of a term insurance premium calculator that helps you understand the right coverage. Using a term insurance premium calculator ensures the right choice of policy based on customer needs.

Before making use of a term insurance premium calculator, the investor must understand the basics about the workings of this calculator. To know how it works, let’s begin by figuring out what is a term insurance premium calculator.

What is the term insurance premium calculator?

Before investing in any policy, it is helpful to compare and analyze to understand the difference between the product offerings. Moreover, comparing enables the investors to know which plan suits their needs and budget. A premium calculator is a tool that not only helps to determine the premium but also facilitates easy comparison. With term insurance premium calculators, one can find out, what premiums they would have to pay in comparison to multiple term plans available in the market.

For faster comparisons, investors prefer the term insurance premium calculator before opting for a term policy. Go through the benefits of the term insurance premium calculator mentioned below:

What are the benefits of the term insurance premium calculator?

1. It is a time-saving process

Using a term insurance premium calculator doesn’t take an ample amount of time and effort. It saves your time by hardly using only 5-10 minutes of your time. All you have to do is follow the right steps and you’re done in no time.

2. It provides an estimated premium amount

While using a tem insurance premium calculator, a policyholder must fill in the relevant details. It asks for your personal information like gender, date of birth, and preferred coverage amount. Once you’ve submitted these details, you’ll obtain an estimated premium amount for your term policy on the calculator.

3. It is a cost-effective solution

Term insurance premium calculator is an online tool which provides you with an estimated premium amount. Using an online term insurance premium calculator is a convenient solution. A policyholder doesn’t have to visit a physical branch to know his premium amount. With a term insurance premium calculator, you can easily garner your premium amount in one click.

The working of the term insurance premium calculator is simple. The operation of the term insurance premium calculator depends on the following steps mentioned below:

How to operate a term insurance premium calculator?

1. Fill accurate data

The first step for using term insurance premium calculator is entering correct details. Therefore, fill your date of birth, gender, marital status, annual income, and so on. The calculator might also want you to submit the details regarding your smoking habits.

2. Enter the sum assured value

Keeping the needs of your families in mind, the investor must enter the sum assured value. Confirm the amount with your family and only then proceed further. A policyholder can opt for either a lump-sum amount or monthly payment.

3. Purchase the term policy

After you have submitted all the relevant details of the policy, you receive the premium amount. Before opting for a term policy, consider your family’s needs. Additionally, see to it that the premium amount suits your budget. Once you’ve evaluated your budget, buy a term policy to safeguard the needs of your loved ones.

To sum up, a term insurance premium calculator accurately determines the term insurance premium. The judicious use of a premium calculator ensures a hassle-free and quick comparison.

Bajaj Allianz Life Videos

Video Icon

Bajaj Allianz Life | Superstar After Retirement

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.