Claim Settlement Ratio of 99.23%~

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1.5 Crore Term Insurance

A ₹1.5 crore term insurance plan is a high-value term insurance plan designed to provide financial coverage and protection for your family. By offering a high sum assured, this term insurance policy facilitates that your family is financially protected against unforeseen events. It combines affordability with comprehensive coverage benefits. Securing such a ₹1.5 crore term insurance plan helps manage Read More

 

future financial risks effectively and supports the well-being of your family, making it an important element of a robust economic strategy. 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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Disclaimer

*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

Discover the most Suitable Term Insurance Plan for you!

Tailored Term Plans Solutions for your long-term Goals.

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.
Writer Ritu
Reviewed ByRituraj Singh
AboutRituraj Singh
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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.
Written on: 4th January 2025
Modified on: 13th January 2025
Reading Time: 20 Mins

What is a ₹1.5 crore term insurance plan?

A ₹1.5 crore term insurance policy is a specific type of life insurance plan that provides life coverage of ₹1.5 crore. In the event of the untimely demise of the life assured during the policy term, the sum assured of ₹1.5 crores is paid. It provides financial security to the family of the life insured in the absence of the breadwinner.

Traditional term insurance policies do not provide maturity benefits; hence individuals can opt for high coverage of ₹1.5 crore at cost-effective premiums. However, term plans with Return of Premium offers maturity benefits where the policyholder get back all premiums paid at the time of maturity if they outlive the term of the plan. 

How does a ₹1.5 crore term insurance plan work?

A 1.5 crore term insurance plan works on a straightforward premise. You choose the following:

  • Policy term: 

  • The period of the policy for which the coverage will be provided.  

  • Premium paying term: 

  • The period during which you have to pay the premiums. It can be single premium, limited premium or regular premium.

  • Premium paying frequency:

  • The frequency such as monthly, quarterly, half-yearly or yearly in which the premiums for the plan would be paid

  • Optional riders, if needed:

  • You can add optional riders at an additional cost to enhance the coverage of the base plan.

Based on the above-given factors you selected, your age, and other risk factors, the premiums for the policy are calculated. You will have to pay the premiums for the chosen premium payment tenure at the chosen premium paying frequency, and in the event of death during the chosen policy term, the sum assured of ₹1.5 crores will be paid. However, if you survive till the expiry of the policy tenure, nothing will be payable in the standard term insurance policy. However, in the term plan with a return of premium, you will be refunded the premiums paid for the plan as a maturity benefit.

Further, if you add optional riders, you will get the rider sum assured in addition to the sum assured in the base term insurance plan on the occurrence of the covered event during the rider term. 

Term Insurance Plans from Bajaj Allianz Life

Benefits of buying a ₹1.5 crore term insurance plan

Here are some of the benefits of buying a ₹1.5 crore term insurance plan:

Financial stability for the family

A 1.5 crore term insurance plan offers high-value financial protection to your loved ones in the event of your untimely death. This sum can help your family cover the major expenses, such as education costs, outstanding debts, and living expenses, ensuring they are well-supported even in your absence.

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Tax Advantages

Premiums paid for the term insurance plan can be claimed as a deduction under Section 80C of the Income Tax Act, 1961, up to ₹1.5 lakhs per annum1, under old tax regime subject to specified terms and conditions. Additionally, the death benefit is tax-free2. If you opt for a return of the premium term plan, any refund received upon maturity is also tax-free under Section 10(10D)3 of the Income Tax Act, 1961, subject to specified terms and conditions.

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Flexible Coverage Options

Term insurance plans offer a range of optional riders, such as critical illness riders, accidental death benefit rider, and more to enhance and customize the term plan as per the individual insurance requirements.

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Peace of Mind

Knowing that your loved ones are financially protected at all times when you are not around brings much-needed peace of mind. A ₹1.5 crore coverage ensures that your family will have sufficient amount to handle any financial obligations and maintain their lifestyle.

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Affordable Premiums

Despite the high coverage amount, term insurance plans generally have low premiums compared to other types of life insurance, making it affordable to secure a significant sum assured without straining your budget.

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Who should opt for ₹1.5 crore term insurance plan?

A ₹1.5 Crore term insurance plan is ideal for those who require a coverage amount of ₹1.5 crore based on their financial goals and lifestyle habits. Young individuals beginning their financial planning and having limited responsibilities may find ₹1.5 Crore term insurance plan suitable to meet their significant financial responsibilities ahead, such as raising a family, buying a home, or planning for their child’s education. ₹1.5 crore term insurance is also suitable for the primary breadwinners of the family to ensure that their family is financially protected and can maintain their standard of living even in their absence.

Individuals with high liabilities and individuals planning for large financial goals can also invest in ₹1.5 Cr term insurance plan to have sufficient funds to meet the outstanding liabilities as well as their long-term financial goals without creating a financial strain on their loved ones. Individuals having high net worth can also consider buying ₹1.5 crore term insurance to ensure that their family can comfortably maintain their lifestyle and manage any estate planning requirements.

A ₹1.5 crore term insurance plan is suitable for anyone whose coverage needs to be aligned with this amount. It’s important to evaluate your financial goals and needs carefully and make an informed decision based on your financial budget and needs.

    Steps to choose the right coverage of a ₹1.5 crore term insurance plan

    To choose the right ₹1.5 crore term insurance plan, consider these factors:

    Premium Rate

    Compare the premiums of the ₹1.5 crore term insurance plan across different plans to find the one which offers the best coverage at a competitive rate.

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    Coverage

    Look for term plans which offer comprehensive coverage along with the benefit of customization through additional inbuilt benefits or optional riders for enhancing the protection.

    Read More

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    Claim Settlement Ratio

    Go for an life insurance company with a high Claim Settlement Ratio (CSR), as this ensures higher chances of successful claims. 

    Read More

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    Ease of Purchase

    Opt for term plans which are simple and easy to buy, ensuring a faster and quicker process.

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    Claim Process

    Choose a plan that has an efficient, hassle-free claim process.

    Read More

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    Things to consider before buying a ₹1.5 crore term insurance plan

    Here are some of the things one must consider before they buy a 1.5 crore term insurance plan–

    • Is the sum assured in the term plan adequate to meet your future financial goals and needs?
    • What is the premium amount you will be required to pay?
    • What policy period or term provides the best protection for your situation?
    • Should you add optional riders with the term policy, and if so, which ones are most suitable?
    • Which premium payment term and frequency would be the most cost-effective for you?
    • Are you eligible to purchase a 1.5 crore term insurance plan?

    Steps to buy a ₹1.5 crore term insurance plan online

    To buy a 1.5 crore term insurance plan online, follow these simple and quick steps:

    • Visit the website of the insurer and select the 1.5 crore term insurance plan that you want to buy.
    • Use the online premium calculator  to estimate the premium for your desired term plan with the desired tenure. Enter your details such as name, gender, age, contact information, smoking or tobacco use, occupation, education, and income to determine the premium cost.
    • Then choose the coverage options such as sum assured in the plan, policy term, premium payment tenure and frequency, and any optional riders, if required.
    • Then review and confirm the calculated premium based on your selections and details.
    • In the next step, simply pay the premium using the digital payment methods available and submit the application form online.
    • The insurer will review your proposal and issue the policy.
    • If a medical check-up is required since is sum assured is high, schedule and complete the medical examinations to expedite the issuance of the policy at the earliest and coverage benefits.

    Documents required to buy ₹1.5 crore term insurance plan

     

    To buy ₹1.5 crore term insurance plan, you need to submit certain documents to the life insurance company at the time of application. While the requisite documents may vary slightly depending on the insurer here's a general list of documents commonly required to buy ₹1.5 crore term insurance plan [4]

    CategoryDocuments
    Identity proof such asAadhaar Card, Voter’s ID Card, Passport, PAN Card, etc.
    Age ProofBirth Certificate, Aadhaar Card, Voter’s ID Card, PAN Card, etc.
    Address ProofAadhaar Card, Voter’s ID Card, Utility Bills, Rent Agreement, Property Deed, etc.
    Income Proof (if required)Salary Slip, Form 16, Income Tax Returns of the Last Few Years, Audited Financial Statements of the Business, etc.
    PhotographsRecent passport-sized colored photographs
    Medical ReportsMedical reports (if required)
    Additional RequirementPAN Card (if not already submitted) or Form 60
    Conclusion

    A ₹1.5 crore term insurance plan provides a robust financial safety net to you and your family, making it a strategic choice for individuals having substantial coverage needs. This high-value plan ensures that your loved ones are equipped to handle big financial responsibilities alongside maintaining their standard of living. You can proactively secure your family’s financial future by investing in a ₹1.5 crore term insurance plan, ensuring that they have the needed financial support, even in your absence. 

    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.

    99.23%

    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
    ₹1,20,994 Cr

    Assets Under Management (AUM)**

    Assets Under Management (AUM)
    4.19 Cr

    Number of Lives Covered#

    Number of Lives Covered
    432%

    Solvency Ratio of 432%^^^

    Solvency Ratio
    Claim Settlement Ratio 2023-24

    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.

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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 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.

    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.

    X
    Disclaimer

    **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. 1,50,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,862. 2nd Year onwards premium is Rs. 6,354. Total Premium is Rs. 1,90,128 | 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 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. 31,000 per year

    Health Management Services

    Health Management Services FrequencyCost (₹)
    Doctor Insta-Consultations 3 consultations per month = 36 consultations per yearAverage 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 yearTotal 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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    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

    Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800

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    Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800*
    99.23% Claim Settlement Ratio~
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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 Male 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. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | 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 (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 Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

    **5% 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.

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

    ^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

    X
    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

    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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