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Term Insurance for NRIs in Qatar

Qatar, a country with a rich history and a multicultural population, is said to be among the world’s most fascinating countries. The reasons for its popularity, however, go way beyond the gorgeous coastline and breathtaking sand dunes. One of the richest countries in the world3, Qatar, enjoys a literacy rate of almost 97%3 and is considered one of the safest places to be3. Needless to say, all this makes Qatar an attractive country to expats, including Indians. Read More

There are over 7,45,7754 NRIs in Qatar, making them a significant expatriate community. While the Indian community actively contributes to the country's economic growth, there are many who still wish to maintain a strong connection with their friends and family back home in India. For such NRIs in Qatar, having life insurance in India can help them keep their loved ones financially secure. Having a term insurance policy can offer a financial shield to their family members in case something goes wrong.

Read on to know and understand how term insurance for NRIs living in Qatar can be a wise financial decision. Read Less

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Keep these Documents Handy
Photo
  • Colored Photo
PAN Card
  • PAN Card/ Form 60
Age proof (Any one)
  • Passport
  • Aadhar card
  • Driver’s License
  • Birth Certificate
  • Baptism Certificate of PAN card
Income documents (Any one)
  • Last 6 months Bank statement with salary credit
  • Form 16
  • Last 3 years ITR with Computation of Income (COI)
  • Last 3 months salary slip + Last 6 months bank statement showing salary credited
Address proof/ID proof (Any one)
  • Passport
  • Aadhar card
  • Voters ID
  • Driver’s License

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*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V04) considering Male aged 22 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 18,038. 2nd Year onwards premium Rs. 19,257. Total Premium Paid is Rs. 5,76,491 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage: 55) | Premium shown above is inclusive of Online Discount only 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 carefully before concluding a sale. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

**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.

##Tax 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%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^Get Free Benefits up to ₹ 14,000 per year

S No.

Value Added Service

Frequency

Cost (₹)

1

Doctor Teleconsultations

Consultation per month
= 24 consultations per year

Average cost per session = ₹500
Total cost per year = ₹500 * 2 * 12 = ₹1200

2

Network Discounts
Medicines (M) - 10%, Lab Booking (L) - 10%,
In-Patient Hospitalization (P)- 5%,
Out-Patient Consultation (O) - 10%

Throughout the year

 

Assumption - Total
Expenses of these
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 assumptions

₹ 14,000

Note: The above mentioned costs are based on estimated average market price for respective services.

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

Writer shruti
Written ByShruti Gujarathi
AboutShruti Gujarathi
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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, with deep expertise in insurance domain.
Reviewer Rosy
Reviewed ByRosy Pathak
AboutRosy Pathak
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Rosy Pathak, AVP- Product and Brand Marketing at Bajaj Allianz Life Insurance carries over 17 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.
Written on: 08th June 2025
Modified on: 12th June 2025
Reading Time: 20 Mins
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Types of Term Insurance Plans Available to the NRIS in Qatar

For NRIs living in Qatar term plans can be a cost-effective and assured way to protect their loved ones in case tragedy strikes. A term plan is a straightforward form of life insurance. However, keeping in mind the your different, there are several types of term plans that you can explore. For most NRIs in Qatar, choosing the right insurance policy can be easy with these options.

Note:
Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) can also purchase life insurance to ensure their loved ones stay financially secure.


The following types of plans can be considered by NRIs in Qatar:1


  1. Level term plans – these are the basic term plans where the sum assured remains constant throughout the policy term.
  2. Increasing term plans – under these plans, the sum assured increases during the policy term either by a specified percentage or by a specific amount.
  3. Decreasing term plans – under these plans, the sum assured reduces during the policy term. These plans are usually issued with loans wherein the decreasing sum assured corresponds to the decreasing value of the outstanding loan amount.
  4. Term plans with return of premium normal term insurance plans usually do not pay any benefit if the term expires and the life assured is alive. However, under these plans, the premiums paid during the policy term are refunded on maturity.

How does term insurance for NRIs in Qatar work?

Term insurance is considered to be the simplest form of life insurance. For an NRI in Qatar, a term plan will be quite similar to that of a resident Indian. In a term plan, the policyholder needs to select a tenure for which they need life coverage. Then, they pay the premiums to the insurance company, which in turn agrees to pay a death benefit (also called the sum assured) to the appointed nominee in case the insured dies during the tenure of the policy, subject to policy terms and conditions. Typically, if the insured outlives the policy term, the policy comes to an end.


There are several aspects that go into the making of a term plan. These include:


  1. The sum assured
  2. Policy term
  3. Premium paying term
  4. Premium paying frequency
  5. Optional riders, if any

Based on these details, your age and other risk factors, the premium is determined. You pay the premium over the chosen premium paying term and in the selected frequency. NRIs in Qatar can pay the premiums through direct bank transfers using NRE or NRO bank accounts in the form of SWIFT transactions.


During the policy tenure, if the life assured passes away, the death benefit is paid. On the other hand, if the policy matures and the life assured is alive, no maturity benefit is paid. However, if you have opted for the return of premium term plan, your premiums would be refunded on maturity.


Reasons to Buy Term Insurance for NRIs in Qatar

Purchasing term insurance is a way to ensure your loved ones are financially safe and secure in the event of unfortunate death of the life assured. Even when you are living far away from them, protecting their future should be your top priority.


Here are some of the reasons you should be buying term insurance as an NRI in Qatar:


  • Financial Independence

    You have loved ones whom you would not want to leave in a financial lurch should any tragedy strike you. Hence, consider buying term insurance to give them financial independence even when you are not around.


  • Saves You Big Chunks of Money

    The younger you are when you purchase term insurance, the lower the premiums you have to pay in India. Also, buying term insurance in India may prove to be much lighter on your pockets as compared to many other countries.


  • Extensive Coverage

    You may choose add-on benefits available at nominal additional premium to enhance your coverage. Check out the various add-ons offered under your preferred term plan.


  • Tax Benefits

    Lastly, NRIs can avail themselves of tax benefits based on their earned income in India. Once you buy term insurance, you can apply for the tax deduction on the paid premium amount. That way, under section 80C, you can claim the tax benefit of up to 1.5 lakh rupees (under old tax regime). Moreover, the death benefit received by a beneficiary remains exempt from tax.


Features of Term Insurance for NRIs

Some of the salient features of term plans are as follows –


  1. NRIs can choose an optimal coverage based on their needs.
  2. The premium that you pay depends on several factors, including the coverage you opt for, your age, medical history, add-ons that you choose, etc.
  3. A long-term policy tenure is allowed for maximum protection. Some term plans might also offer the whole life feature, wherein the coverage runs up to 99 or 100 years of age.
  4. You can choose to pay the premium regularly, for a limited tenure or in one lump sum.
  5. The available premium payment frequency includes annual, monthly, quarterly, or half-yearly.
  6. Optional riders are available at an additional premium and can be added to the policy either at the time of purchase or on subsequent renewals.
  7. Some term plans might also allow you to increase the sum assured on specific events like marriage and childbirth. This helps you enhance the coverage to meet the increased financial responsibilities[2].

Documents required for term insurance plan

Most of the documents required for buying a term insurance plan are similar for resident Indians and NRIs. However, some additional documents might be needed for NRIs. The common documents include the following –


  1. Completely filled Proposal form
  2. A valid passport copy
  3. Age proof, Valid KYC documents, PAN/Form 60
  4. NRI & Foreign Travel Questionnaire
  5. FATCA/CRS declaration with Tax Identification Number (TIN) of the country of residence or equivalent details
  6. NRE bank statements & standard income documents are subject to the requirement
  7. Supporting documents in case of the GST waiver benefit are required.
  8. Resident ID card for Gulf countries

Note: Individuals and businesses earning income from abroad can claim tax relief under the Double Taxation Avoidance Agreement (DTAA). For this, you need to fill in Form 10F and submit it with a Tax Residency Certificate.


Eligibility criteria for buying a term insurance plan for NRIs in India

NRIs have to qualify for the eligibility parameters specified by the insurance company to buy a term insurance plan in India. Some of the common eligibility parameters for buying a term insurance plan are as follows –


  1. Age – There is a minimum and maximum age bracket for buying term plans. NRIs falling within this bracket can buy the policy.
  2. Income – NRIs should have a steady source of income to pay the premium of the policy.

How do you purchase term insurance for NRIs in India?

The past few years have transformed the insurance industry in the country. Everything has been simplified, from the way you buy life insurance to how it can be claimed. NRIs who live in Qatar have the option to buy a term insurance policy in India either online or offline. They will have to send the relevant documents by mail to the insurance company,


They can undergo medical tests at the available medical facility in Qatar and share the reports over mail, or undergo telemedical as required by the insurer. Physical and video options are allowed in India as well as outside India.


To pay the premium, you can make the payment in cash, cheque or demand draft when you are in India. Alternatively, you can also make online payments to buy the plan. The premium has to be paid in Indian Rupee (INR). As such, you should have an NRO or NRE Bank Account in India for premium payments.

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.29%

Claim Settlement Ratio~

Claim Settlement Ratio
1 Day

Get 1 Day Claim Approval%

One Day Claim Approval
AAA

Stable Rating by CARE$$

CARE Stable Rating
₹1,23,734 Cr

Assets Under Management (AUM)***

Assets Under Management (AUM)
3.85 Cr

Number of Lives Covered##

Number of Lives Covered
359%

Solvency Ratio of 359%^^^

Solvency Ratio
Claim Settlement Ratio 2024-25

 Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 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. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | ***All figures as on 31 March, 2025 | ^^^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | ##Individual and group, as on 31 March, 2025.

Frequently Asked Questions

1. As an NRI in Qatar, how much coverage in term insurance should I have?

Plus Symbol

The coverage that you opt for should depend on several factors. This includes your annual income, the size of your family members dependent on you, the liabilities and loans you have and the needs of your family etc. When choosing the coverage, you should also factor in inflation.

2. Is a medical screening mandatory when buying term insurance for NRIs in Qatar?

Plus Symbol

Medical screening, in most cases, is required when you need to buy life insurance. These medical tests can be done when you are visiting India. If you want, you can choose to take the medical tests at any approved facility in Qatar. You can then email the reports or opt for a telemedical examination to your insurer. Both physical and video-based medical evaluations are permitted, whether conducted in India or abroad depending on the insurance provider.

3. Should I opt for riders in my term insurance plans?

Plus Symbol

Riders are add on benefits which are available at an additional nominal premium and provide added coverage. There are different riders available; you can choose what best suits your needs. Accidental Death Benefit Rider, Critical Illness Benefit Rider  and Waiver of premium rider  are some common examples.

Term Insurance Guide

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Understanding Riders: How It Impacts Your Coverage

Cracking the Code: Understanding Annualized Premium in Insurance

The claim settlement ratio is the percentage of life insurance claims a company has paid out compared to the total claims received.

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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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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

 

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Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility

BJAZ-WP-ECNF-15371/25

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Female aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 4,551. 2nd Year onwards premium Rs. 4,934. Total Premium Rs. 1,47,637 | 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 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%.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved

^^Get Free Health Management Services upto Rs. 36,500 per year for women

Health Management Services for Women
ServiceFrequencyCost (₹)
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 termNot considered in yearly cost since this is available once during policy term
Doctor Insta-Consultations  
Health Coach
(Diet & nutrition consultations)
1 consultation per month = 12 consultations per yearAverage cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness
(Psychologists consultations)
1 consultation per month = 12 consultations per yearAverage 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 yearTotal 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.

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

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax 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%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


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Disclaimer

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 on first year's premium.

^Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V03) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 5,118. 2nd Year onwards premium Rs. 5,548. Total Premium Rs. 1,66,010 | 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 ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Female aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 4,551. 2nd Year onwards premium Rs. 4,934. Total Premium Rs. 1,47,637 | 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 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%.

 

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved

^Bajaj Allianz Life Family Protect Rider- A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

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Disclaimer

^Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

#Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms . Subject to availability in Bajaj Allianz Life ULIP Plans. 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.

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and 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.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

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Disclaimer

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and  Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. 

$Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

2Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms. Subject to availability in Bajaj Allianz Life ULIP Plans. 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.

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

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

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