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Life Insurance Made Easy

Understanding Life Insurance terminology can sometimes be challenging. At Bajaj Allianz Life, we are helping in simplifying complex industry terms and making them straightforward to understand with our Life Insurance Made Easy Video Series.

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Life Insurance Made easy

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Annuity Plan

Annuity Plan

Watch this video to understand how Annuity Plans work and their role in securing your financial future

Auto Pay

Auto Pay

Discover how autopay in life insurance simplifies your premium payments and ensures your coverage stays active without hassle!

Bonus Statement

Bonus Statement

Learn about Bonus Statements and how they impact your life insurance policy and benefits.

Cash Bonus

Cash Bonus

Learn how Cash Bonus offers direct cash payouts during the policy term in participating life insurance plans

Compound Reversionary Bonus

Compound Reversionary Bonus

Understand more about Compound Revisionary Bonus and how it works.

Claim settlement ratio

Claim settlement ratio

Know how Claim Settlement Ratio reveals an insurer’s reliability. A must-check before choosing your policy.

Deferred Annuity

Deferred Annuity

Confused about Deferred Annuity? Watch this video to understand what it is, how it functions, and its role in life insurance.

Deferment Period

Deferment Period

Understand Deferment Period and its role in determining when your benefits become payable in life insurance.

Death Benefit

Death Benefit

Understand the concept of Death Benefit and how it works, part of our Life Insurance Made Easy series.

Exclusion

Exclusion

Learn what Exclusion means and how it defines the limits of your life insurance policy.

Extended Life Cover

Extended Life Cover

Explore Extended Life Cover and its role in providing long-term financial protection

Endowment Plan

Endowment Plan

Learn about Endowment Plans and how they combine saving and protection to achieve your financial life goals.

Freelook Period

Freelook Period

Free Look Period is a grace window to cancel your policy with a refund—know how it works.

Fund Switch

Fund Switch

Learn how Fund Switch allows you to adjust your investments based on changing market conditions or financial goals.

Fund Value

Fund Value

Know how Fund Value determines the returns you receive from the investment portion of your ULIP policy.

Fund Management Charges

Fund Management Charges

Explore Fund Management Charges and their role in maintaining and administering your investment portfolio.

High Sum Assured Rebate

High Sum Assured Rebate

Know how choosing a higher sum assured can make you eligible for premium discounts through this rebate

Joint Life Policy

Joint Life Policy

Explore Joint Life Policies and how they offer shared financial protection for couples or partners

Lumpsum or Income Benefit

Lumpsum or Income Benefit

Learn the difference between Lumpsum and Income Benefit in this simple #LifeInsuranceMadeEasy video.

Lapsed Policy

Lapsed Policy

Know what a lapsed policy means & why timely premium payment matters in this video.

Life Assured

Life Assured

Understand what "Life Assured" means in simple terms. Watch this quick video for a clear explanation.

Life Insurance Premium

Life Insurance Premium

Learn how life insurance premium works and take the first step toward securing your family’s financial future!

Maturity Benefit

Maturity Benefit

Watch this video to learn how maturity benefits work and how they help you achieve a secure and financially stable future.

Maturity Date

Maturity Date

Watch this video to understand Maturity Date and how it determines when you receive your maturity benefits in life insurance.

Non-participating savings plans

Non-Participating Savings Plans

Watch this video to understand the features of Non-Participating Plans and their role in life insurance.

Nominee

Nominee

Learn more about Nominee to ensure your loved ones are financially protection with this easy to understand video.

Partial Withdrawal

Partial Withdrawal

Know how Partial Withdrawal helps you meet short-term needs without ending your life insurance policy.

Participating plan

Participating Plan

Explore Participating Plans and how they offer the chance for policyholders to receive annual bonuses

Policy Term & Premium payment term

Policy Term & Premium Payment Term

Understand Policy Term and Premium Payment Term with this simple video from Bajaj Allianz Life

Portfolio Strategy

Portfolio Strategy

Discover how to customize your investment approach to meet your financial goals and manage risk effectively.

Policyholder

Policyholder

Explore the role of a Policyholder and how they differ from the life assured in a life insurance plan

Policy Admin Charges

Policy Admin Charges

Explore the management of life insurance processes with Policy Administration Charge in this video

Proposer

Proposer

Learn what Proposer means and their role in initiating a life insurance policy application

Return of Premium

Return of Premium

Understand more about Return of Premium feature in a Life Insurance Policy.

Return of Life Cover Charges

Return of Life Cover Charges

Explore the concept of Return of Life Cover Charges and how it adds value to your life insurance policy.

Riders

Riders

In this video, we explain what are Riders and how they offer additional coverage and features beneficial to you.

Systematic In Systematic Out (SISO)

Systematic In Systematic Out (SISO)

Understand the term SISO – Systematic In Systematic Out and how it works in life insurance, part of our Life Insurance Made Easy series.

Sum Assured

Sum Assured

Discover how Sum Assured defines the financial protection offered by your life insurance policy.

Survival Benefit

Survival Benefit

Know how Survival Benefit offers financial returns while you stay covered under your life insurance policy.

Unit Linked Insurance Plan (ULIPs)

Unit Linked Insurance Plan (ULIPs)

Know how ULIPs help you achieve your financial goals through investments while ensuring life insurance coverage

Waiver of premium

Waiver of premium

Waiver of Premium keeps your life insurance policy active even if you miss premium payments due to illness or injury. Watch to know more.

Zero Premium Allocation Charge

Zero Premium Allocation Charge

Learn about Zero Allocation Charge, a fee that affects how your premiums are distributed in your life insurance policy, with this easy-to-understand video.

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Disclaimer

2Above illustration is for Bajaj Allianz Life Smart Protection Goal - A Non Linked, Non Participating, Individual Life Insurance Term Plan (UIN: 116N174V02) 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. 2,21,970 | 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.

 

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. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency.

 

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

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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

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