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

    Why Term Insurance Is Important

    Why term insurance is important to have

    Why Term Insurance Is Important


    calender-blue

    January 15, 2020

    By : Bajaj Allianz Life

    Paul Stanley once said Youth is incredible because you really do feel invincible. Since young professionals feel nothing can go wrong at their age, they tend not to plan for their future. Life Insurance is a fairly low priority for young professionals as they have limited liabilities and no income dependents. However, for them term insurance is one of the preferred financial solution to have in their investment portfolio, since they can get adequate life cover at a comparatively lower cost.

    Term insurance basics

    Term insurance is the one of the easiest type of life insurance to understand. You pay a premium based on the coverage you want and your risk factors such as age, policy term, pre-existing health conditions or lifestyle habits etc, In the event of the life assured's death, the nominee gets the sum assured amount as promised.

    The reason it is so affordable is because you are paying towards the insurance cover only. There is no maturity benefit under the plan. However, some life insurance companies offer return of premium on term plans, but such plans are relatively expensive.

    Get higher coverage for less

    Term Insurance can easily be worked into your budget due to its low premiums. This is because the younger you buy a life cover, the lesser the premiums are. Insurance premiums are linked with age, hence it is always advisable to buy a life cover at a young age when you are fit and healthy. Even small adjustments in your daily routine expenses can provide you an adequate premium for a term insurance. For instance, an Irani chai costs approximately `. 15/-. One won't even think twice about taking two breaks to go have chai at the corner tapri. This would set one back by `. 30/- a day.

    Over the course of a year, these `. 30/- a day amass to `. 10,950/-. For the average non-smoker at the age of 25, this amount will fetch a term insurance cover of Rs 2 Cr. under Bajaj Allianz Life eTouch Online Term Plan for a period of 25 years.

    Opt for term insurance

    Term Insurance is a very affordable, and value-for-money life insurance plan. It provides adequate protection to ensure your loved ones' life goals continue to be achieved, even in your absence.

    Depending on your preference, terms plans also give you an option to pay your premium monthly, quarterly, half yearly or annually. Apart from this, the premiums paid towards term insurance are eligible for deduction up to ` 1,50,000 under Section 80C of the Income Tax Act, 1961 subject to provisions stated therein. This is applicable on the life of policyholder, his/her spouse and children.

    For young professionals, term Insurance is a preferred choice to have in the financial portfolio since it gives them the option to get insured at a low cost, save on tax, and fulfil their family's goals and aspirations. And the best part is, it costs the same as 2 chais a day!

    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)

    Find Us Online