1. How to choose the best sum assured for the term plan?

Consider multiple factors such as the financial needs of your family, your future expenses, inflation rate and outstanding debts to choose a sum assured for your term plan to ensure that your family meets their financial needs and covers these costs in your absence. You can use several methods as mentioned above, to determine the suitable coverage for your term plan. Alternatively, you can use the online term insurance calculator for free, which will help you determine the best sum assured for your term plan based on the inputs provided.

2. Does the ₹2 crore term plan give a maturity benefit of ₹2 crore if I survive the policy tenure?

Term insurance plans usually have no maturity benefit. However, if you have opted for the return of premium option , your premiums are refunded if you survive the policy tenure. If the aggregate premiums paid over the tenure equal to or exceed ₹2 crores, you will get the amount on maturity. However, if the aggregate premium is lower than ₹2 crore, you will get the lower value, which is the sum of the premiums paid.

3. Is there an additional premium payable for a rider?

If you choose an optional rider with the ₹2 crore term insurance plan, an additional premium would be payable for the same. Each rider includes an additional premium, which is added to the premium of the base policy that you buy.

4. Is a medical checkup necessary to buy Rs.2 crore term insurance?

Since the sum assured is of considerable amount, the insurance company might insist on a health check-up before issuing the term insurance plan.

5. Is a Rs.2 crore term insurance plan sufficient for my needs?

The sufficiency of a Rs.2 crore term insurance plan depends on your financial goals, existing assets and liabilities, income, number of dependents and other factors. So, you should consider all the factors to find the ideal sum assured for your coverage needs. If the ideal sum assured is up to Rs.2 crore, then the Rs.2 crore term plan would prove sufficient. However, if you have more financial goals or needs, you might have to choose a higher sum assured.

6. Can I buy Rs.2 crore term insurance online?

Yes, it is possible to buy a Rs.2 crore term insurance plan online by following the online process specified by the insurance company.

7. Which plan tenure should I choose?

You may consider opting for a term plan at least in your earning years, till you have dependants. The plan tenure will vary from one person to another and there is no one tenure that fits all. So, choose the tenure that best suits your life goals.

8. Which sum assured should I select?

The sum insured amount is based on the financial requirements of your family. The amount you choose should ideally assist in covering any lost income as well as unpaid bills, among other expenses.

9. Are riders for term insurance required?

Although they are not always required, term insurance riders can offer additional financial security. An accidental death rider may be more useful to people such as the ones who works in factories or travel frequently for employment. Based on your unique requirements, you should choose the riders. Remember that your term plan premium will be impacted by the riders and add-ons you choose.

Buy ₹ 2 crore Term Insurance Plan Online in India

Claim Settlement Ratio of 99.23%^~

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Discover the most Suitable Term Insurance Plan for you!

Tailored Term Plans Solutions for your long-term Goals.

1 Crore Term Insurance @ ₹ 15/day

1.5 Crore Term Insurance ₹ 17/Day

3 Crore Term Insurance @ ₹ 30/Day

5 Crore Term Insurance @ ₹44/Day

Written ByShruti Gujarathi

AboutShruti Gujarathi

Shruti Gujarathi has 5 years of experience in the BFSI sector, and as Manager- Digital Marketing at Bajaj Allianz Life Insurance, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years.

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.

Reasons
How It Works?
Who Should Opt?
Right Coverage Amount
How To Choose?
Factors Affecting
How To Calculate?
Conclusion
Why Bajaj ?
FAQs

Reasons to Buy 2 Crore Term Insurance Plan

Some Reasons Why You May Consider a sum assured, like Rs.2 Crore, in your Term Insurance Plan are as Follows –

Enhanced coverage for financial security

Enhanced coverage for better financial security

With a Rs.2 crore term plan, the death benefit payout will be ₹2 Crore. This may give your family adequate financial assistance to help them face their financial needs in your absence, subject to outstanding debts and/or daily expenses. When the coverage is enough for you, you can enjoy better financial security, knowing that in your absence, your family’s financial needs may be suitably taken care of.

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Helps in goal fulfilment

If you have multiple goals, a good corpus is needed to fulfil them. The payout from the policy would help your family meet their different financial goals in your absence like a child’s higher education, buying a home, retirement planning, etc. The plan would give sufficient funds to your family so that most of your goals can be fulfilled even when you are not around.

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Affordable coverage

While a Rs.2 crore term plan offers an optimum sum assured, the premiums might usually be affordable. You can break down the premium payment into monthly, quarterly or half-yearly frequency and pay it easily.

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Term Insurance Plans from Bajaj Allianz Life

How Does A 2 Crore Term Plan Work?

In the event of the unfortunate death of the life assured during the term of the policy, a 2 crore term insurance plan will pay out the death benefit of Rs.2 Crores to the nominees/beneficiaries listed under the plan, subject to the fulfilment of the policy terms and conditions.

At the time of buying the policy, you have to select the following:

The sum assured in the policy which will be ₹ 2 crores
The term of the policy
Premium payment frequency which can be monthly, quarterly, half-yearly, or yearly
Premium payment terms
Optional riders, as per your insurance needs and availability.

The premium of the policy would be determined based on the details you choose, your age, lifestyle habits, and other factors. You will have to pay the calculated premiums for the chosen premium payment term at the chosen premium payment frequency.

The policyholder pays premiums to the insurer, and if the insured passes away during the policy's term, the death benefit is paid. Under basic term plans, no maturity benefit is payable on survival until maturity. However, if you have opted for the return of the premium term plan, the premiums paid will be refunded.

For instance, say a 23-year-old non-smoking male opts for the Bajaj Allianz Life e-touch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan. He chooses a sum assured of ₹2 crore, a coverage tenure of 30 years, and regular annual premiums. He pays a premium of Rs.7,159/year for the 1^st year and from 2^nd year onwards he will pay Rs.7,760 /year every year. The plan will pay a death benefit of ₹2 crore if he passes away during the policy tenure. However, if the life assured survives the policy tenure, he will receive Rs. 2,32,199 as maturity benefit^%.

Who should opt for 2 crore term insurance plans?

The suitability of the ₹2 crore term insurance policy depends on several factors such as income, age, financial goals, liabilities, if any, etc. of the individual. One should assess their coverage requirements and buy a ₹2 crore term insurance plan if it suits their insurance requirements and financial goals.

A high-sum assured plan like the 2-crore term insurance plan may be suitable for individuals with significant financial responsibilities and dependents who rely on their income for their livelihood. It is suitable for individuals who are looking for the said coverage amount to meet their long-term financial goals towards their family. Here are some groups of people who may benefit from opting for a high sum assured plan, like the 2-crore term insurance plan:

Individuals who are the primary breadwinners of their families and have multiple dependents
Individuals planning for multiple financial goals
Individuals with high income who may require a higher coverage amount to maintain their standard of living of their family and ensure to receive a higher pay-out for their family
Individuals who have significant liabilities such as business debts, home loans, etc.
Parents who want to plan and secure their child’s future to ensure their absence does not create an obstacle in their education or other long-term needs.

Is 2 Crores the Right Coverage Amount for Your Term Plan?

The sufficiency of a ₹2 crores coverage for your term insurance policy depends on your insurance needs. You should assess the right coverage based on several factors such as your age, your income and expenses, your number of dependents, your financial goals, your lifestyle habits, existing assets and liabilities and other relevant factors. You can use the online term insurance calculator and fill in your details and insurance needs to find out if ₹2 crores is the right coverage amount for your term insurance plan.

Further, in addition to the online term insurance calculator, there are other ways to check and calculate the right coverage amount for your term plan, stated as follows:

Underwriter’s Thumb rule

Under the Underwriter’s Thumb rule^[4], the coverage amount is also calculated considering the individual's annual income. However, the multiple in the thumb rule changes with age and is multiplied by a specific factor which varies with the age of the individual. For individuals aged between 20 and 30 years, the amount is calculated by multiplying their annual income by a factor of 15. The multiple starts decreasing as the age increases. It is typically 14 for individuals aged 31-40 years, 12 for individuals aged 41-45 years, 10 for individuals aged 46-50 years, 8 for individuals aged 51-55 years and 6 for individuals aged 56 years and above.

For example, an individual aged 35 years earns ₹15 lakhs annually and may get a coverage of ₹2 crores (15 lakhs*14).

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Human Life Value (HLV) method^[2]

Under the human life value method, the coverage is calculated based on an individual's economic worth to their family. It ascertains the overall value of your life in financial terms and calculates the sum assured that would be sufficient to provide regular income to your family for their financial requirements in your absence.

For instance, if you earn ₹15 lakhs and your annual personal expenses are ₹5 lakhs, you can provide your family a surplus income of ₹10 lakhs. Hence, in your absence, your family would face a financial shortfall of ₹10 lakhs per year (₹15 lakhs - ₹5 lakhs). Now, assuming a risk-free rate of return of 5% per annum, the sum assured required to generate an annual income of ₹10 lakhs would be ₹2 crores (₹10 lakhs / 0.05).

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Income Replacement^[1]

In this approach, the assumption is that life insurance is intended to compensate for the lost income of the primary wage earner. One of the most straightforward methods for determining your income replacement worth is: insurance cover = current annual income x years left to retirement.

For example, if you are 40 years old, your yearly salary is ₹ 10 lakhs and you plan to retire at the age of 60 years, the cover you will need is ₹2 crores (10 lakh x 20)

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Expense Replacement^[1]

In this recommended method by financial advisors, individuals are tasked with calculating their daily household expenses, loans, and long-term goals such as children's education, along with providing for financially dependent parents throughout their lifetimes. The total amount calculated represents the financial needs of the family. The subsequent step involves subtracting the present value of existing investments and life insurance coverage. When evaluating investments, assets like the primary residence and car are excluded since family members typically continue using them. The resulting figure, after deducting investments and insurance coverage from expenses and goals, provides an estimate of the necessary coverage.

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How Do You Choose The Sum Assured Fin

How to choose the best 2 crore Term Insurance Plan?

Choosing the best 2 crore term insurance plan requires careful consideration of several factors to make sure that it aligns with your specific insurance needs as well as financial goals. Here are some factors which you may consider –

Coverage offered

Check the coverage offered in the term insurance policy. Look for the return of premium options, joint life coverage, increasing sum assured, and additional riders, which will increase the coverage scope. Find and select a term plan which aligns with what you need and offers higher protection at competitive rates.
Premiums

Ensure to check and compare the premiums across different ₹2 crores term insurance policies vis-a-vis the coverage offered. The best policy would be the one that offers a good scope of coverage at the most competitive premium rate.
Claim Settlement Ratio

The claim settlement ratio is calculated as a ratio of the number of death claims an insurance company has settled to the number of death claims received. It is necessary to check and compare the claim settlement ratio of different insurance companies and select the one with high claim settlement ratio for a better claim settlement probability. Bajaj Allianz Life Insurance Company has a good record of claim settlement of 99.23%^@ of all death claims admitted for the specific financial year 2023-24.
Ease of Purchase

Opt for term plans that are easy to purchase, ensuring quick coverage benefits and convenience. Most insurance companies offer the benefit of buying term insurance online, which fastens the entire process and ensures coverage as soon as possible.
Smooth Claim Process

Choose a term insurance plan with a smooth and simple claims process, including an easy filing process and quick turnaround settlement time to enhance the satisfaction of the policyholder and ease of handling in case of unforeseen circumstances.

Factors affecting the 2 Crore term insurance

Several factors influence the cost and premium of the 2 Crore term insurance, which includes the following:

Factors	Description
Age of the individual^[3]	The age of the individual is a crucial factor which influences the premium of the plan. The higher the age, the higher would be the premium and vice versa as the risk involved for older individuals is also higher.
Gender^[3]	The gender of the individual also influences the premium. Term insurance premiums for females are usually lower than for males as females have a higher life expectancy in comparison to males.
Lifestyle habits^[3]	Factors such as smoking and pre-existing medical conditions, if any, can shoot up the premiums as they involve high risk.
Tenure of the policy^[7]	The premiums for term plans for longer tenure are higher than shorter ones as the insurer provides coverage for a longer period.
Policy coverage^[6]	Term plans with higher sum assured attract higher premiums and vice versa.
Options riders added ^[5]	Each rider that you buy with your term insurance policy comes at an additional premium cost. Several optional riders also influence the cost of premiums and increase your premium amount.

How to calculate term insurance premium?

Your term plan premium is based on a number of variables. Here are some examples of what they are:

Plan Tenure

The length of the policy will have a an impact on your premiums when you get term insurance. Longer-duration term plans will have cheaper rates.
Sum Assured

Your sum assured directly relates to the cost of the term insurance premium. For Example, compared to a 2-crore term plan premium, a Rs.20 lakh term insurance premium would be less expensive. You must be careful when choosing the sum assured because your premium is based on it. As a general recommendation by experts, you should get insurance that is at least 10 to 15 times your annual income^[8] . Make sure the payment from the term plan will help take care of financial needs, debts and household expenses, among other costs of your nominees in case of the unfortunate demise of the person insured.
Personal Habits and Health History

Your premium amount may vary depending on your current health behaviour. For Example, your premiums will be greater if you currently have a sickness or have a family history of heart disease, etc. Your insurance company will increase your rate if you have lifestyle habits such as smoking or drinking, as indulging in these habits on a regular basis decreases the life expectancy of illnesses. Therefore, it makes sense to buy a term plan while you're still young and healthy.

99.23%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

Stable Rating by CARE^$$

₹1,20,994 Cr

Assets Under Management (AUM)^**

4.19 Cr

Number of Lives Covered^#

432%

Solvency Ratio of 432%^{^^^}

Disclaimer:^~Individual Death Claim Settlement Ratio for FY 2023-2024 | ^%96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 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 | ^$$For details refer to press release published by CARE | ^**All figures as on 31 January, 2025 | ^{^^^}Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | ^#Individual and group, as on 31 March, 2024.

Conclusion

A term insurance policy provides financial protection to the family if the life insured passes away prematurely. When buying a term insurance plan, it is feasible to opt for an optimal coverage amount sufficient to take off your family’s financial needs.

So, understand how a Rs.2 crore term plan works, how much it costs and assess its suitability. If the plan fits your and your family’s financial needs, you can buy the coverage and get complete financial security.

Frequently Asked Questions

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Reference:

1.https://www.livemint.com/money/personal-finance/four-methods-to-calculate-how-much-term-insurance-you-need-11605023306997.html

2.https://economictimes.indiatimes.com/wealth/insure/how-much-life-insurance-do-you-really-need/articleshow/22065416.cms?from=mdr

3.https://www.investopedia.com/articles/investing/102914/7-factors-affect-your-life-insurance-quote.asp

4.https://economictimes.indiatimes.com/wealth/insure/how-much-life-insurance-do-you-really-need/articleshow/22065416.cms?from=mdr

5.https://www.insuranceinstituteofindia.com/downloads/IC38/ALEnglish.pdf

6.https://economictimes.indiatimes.com/wealth/insure/what-should-be-the-duration-of-a-term-insurance-plan/articleshow/57342229.cms?from=mdr

7.https://www.business-standard.com/finance/personal-finance/explained-why-your-ideal-term-cover-should-be-10-15-times-your-annual-pay-123092101393_1.html

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Bajaj Allianz Life is a trusted insurance partner

At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

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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.

^% Above 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.

^@Individual Death Claim Settlement Ratio for FY 2023-2024

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.

^**Above 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.

^##Tax benefifits 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.

^{^^}Get Free Health Management Services upto Rs. 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.

^&The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

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

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16% Discount on 1^st Year Premium³

Lowest Price Guaranteed^#

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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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