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Bajaj Allianz Life Micro Insurance

Micro insurance plans help the underserved section of the society to gain from low-cost life insurance cover and disciplined savings.

A micro term plan with return of premium
  • Bajaj Allianz Life Bima Dhan Suraksha Yojana

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    Life is full of ifs and buts. None of us know what the future beholds. Protect your family with "Bajaj Allianz Life Bima Dhan Suraksha Yojana", a non-linked, non- participating, single & regular premium payment micro term assurance plan with return of premiums at maturity.

  • Bajaj Allianz Life Bima Sanchay Yojana

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    Our aim is to secure the lives of our loved ones. All our efforts are always routed towards building a safe future for our families; not only in our presence but in our absence too. We understand this concern and present Bajaj Allianz Life Bima Sanchay Yojana - a micro variable insurance plan that helps you protect your family financially from uncertainties; that too at an affordable price.Guarantying you and your family a worry free life!

Micro insurance plans are designed keeping in mind the unique requirements of the low-income group of people. It helps in including this segment into the formal financial sector, provide life insurance cover at a nominal cost and enable them to support their families better. By coming up with products specially designed for the low-income groups, micro insurance plans encourage the underserved section of the society in saving in a disciplined manner, which in turn allows them to address their financial needs without being dependent on informal sources of money.

These plans are usually distributed through self-help groups, Non-Government Organizations (NGOs), Micro Insurance Agents, Micro-Finance Institutions etc. The low premium and flexible premium payment option of micro insurance plans allow the low-income groups to save in a disciplined manner and also benefit from the insurance component. 

Bajaj Allianz Life is a trusted private insurer and comes with a proven track record of nearly two decades of enabling people meet their life goals. Further, the Company has developed a robust model to enable more people take advantage of the benefits of life insurance, especially within the micro-insurance segment.

This experience enables it to successfully design products that are simple and easier to understand for the low income group. Bajaj Allianz Life Bima Dhan Suraksha Yojna, for example, is a term plan that returns the premium at the time of maturity. The feature to repay the money at maturity makes it easier for the life assured to meet their life goals.

The extensive pan-India presence along with a strong set of partners, has enabled the Company, to reach customers in the remote and rural areas of the country. 

micro insurance plans

The purpose of micro insurance is to provide a primary minimum insurance cover at affordable rates. The maximum sum assured under micro insurance plans is up to ` 2 lakhs, which translates into relatively lower rates of premium.

Benefits of micro insurance

Micro insurance has emerged as an effective way to enable the low-income households to protect themselves financially against any adversity. It provides life insurance cover at a nominal cost.

Can one avail loan against micro-insurance policies?

Yes, one can avail loan under micro insurance plans once the policy has acquired a surrender value.

What is the maximum sum assured in Bajaj Allianz Life’s micro insurance policies?

The maximum sum assured under any micro insurance policy offered by Bajaj Allianz Life is ` 2 lakhs. 

Is it possible to choose a sum assured multiplier in micro insurance policies?

Yes it is possible to choose a higher sum assured multiplier under Bajaj Allianz Life micro insurance plan. Depending on the entry age and tenure of the policy, one can choose a sum assured of up to 35 times the annualised premium paid under Bajaj Allianz Life Bima Dhan Suraksha Yojana. However, the total sum assured allowed on a single life assured under all the micro insurance policies availed from Bajaj Allianz Life Insurance cannot exceed the amount of ` 2 lakh.