Claim Settlement Ratio of 99.23%~

Close Button Close Button
X
NRI Services Helpline

Calling FromPhone Number (Toll Free)
AUSTRALIA80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI8014605
INDONESIA0018030160202
JORDAN080023194
OMAN80074363
TURKEY00800142030059
VIETNAM1800400070
UNITED STATES18339680951
Calling us from INDIA18002097272
Rest of the World+912067871700
(Call charges apply)

₹ 25 Lakh Term Insurance

A term insurance plan is a significant source of financial security. The policy includes the risk of early death. It can provide financial peace of mind to the life assured and his family that in the absence of the breadwinner, the term plan can provide financial assistance. Read More

 

The sum insured that you decide for a term insurance plan represents the amount of coverage that you receive. Term insurance plans include many coverage options, including ₹25 lakh coverage.Read Less

 

Term Insurance
Check Your Premium!
calender_icon

Are you an NRI?

Select Country
I agree and consent to the Terms & Conditions, Privacy Policy

#,*,**,## T&C apply |BJAZ-WB-EC-13160/25

Are you diabetic?

Gender

Tobacco/Nicotine

I agree and consent to the Terms & Conditions, Privacy Policy

#,*,**,## T&C apply |BJAZ-WB-EC-13160/25

Customer rating
Rated by customers
X
Disclaimer

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

X
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
LinkedIn Icon
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 Rosy
Reviewed ByRosy Pathak
AboutRosy Pathak
LinkedIn Icon
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: 4th January 2025
Modified on: 11th January 2025
Reading Time: 20 Mins

What is ₹25 lakh term insurance plan?

A plan that provides coverage up to ₹25 lakhs is known as a ₹25 lakh term insurance. Under the policy, the sum assured is ₹25 lakhs, and it is typically paid out if the life assured dies within the policy's term.

The ₹25 lakh term insurance plan might also offer the return of premium option. If you choose this option, the premiums paid during the policy term are refunded if the plan matures. 

How does ₹25 lakh term insurance work?

A ₹25 lakh term insurance plan allows you to select the policy term, premium payment term, frequency, and optional riders.
The premium is calculated based on selected data, total sum assured (₹25 lakhs), age, and risk factors. You pay the computed premium over the specified premium payment period and frequency that you have chosen. If the life assured dies during the policy's term, the death benefit is paid.

On the contrary, if the life assured survives the chosen policy term and the plan matures, no payout is typically provided under basic term life insurance plans. However, if you have selected the refund of the premium term policy and the policy matures, the premiums you paid during the policy's tenure will be refunded, subject to policy terms & conditions.

Term Insurance Plans from Bajaj Allianz Life

Features & Benefits of buying a 25 Lakh term insurance plan

The ₹25 lakh term insurance plan has the following features:

  • The death benefit is often guaranteed.
  • There is no maturity payout unless you select a refund of premium option, which is available in many term plans.
  • Most ₹25 lakh term insurance plans include optional riders. Riders can be added at a price, and some plans provide built-in riders for improved coverage.
  • Most plans offer cost-effective premiums and flexible payment terms, so it's easy to pay the premium and enjoy the full benefits of the plan.
  • Some term plans might also offer the whole life coverage option. If you choose this option, the coverage continues till you reach 99 or 100 years of age.

Some of the benefits of purchasing a ₹ 25 lakh term insurance plan include the following:

  •  Protection.
    Term insurance plans protect against the possibility of premature death happening during the policy period. This gives you financial stability since, in your absence, the term plan will pay a financial benefit to your family to meet their financial requirements.
  • Affordable premiums
    Term insurance plans feature low and affordable premiums, making them cost-effective.
  • Rider Selection
    Term plans frequently include a number of riders which help to broaden the extent of protection. You can tailor your coverage to your specific needs by selecting an accidental death benefit rider, a critical illness rider, a term rider, among others.
  • Tax benefits
    Section 80C allows a deduction of up to ₹1.5 lakhs from the premium paid for a ₹25 lakh term insurance policy[1]. Furthermore, the death compensation received is tax-free[2]. If you select the return of premium plan, the refund of premiums received at maturity will be tax-free under Section 10(10D), under old tax regime subject to certain conditions[1]

Who should opt for 25 Lakh term insurance?

A ₹25 lakh term insurance plan is suitable for those needing coverage up to ₹25 lakhs. The ₹25 lakh term insurance can be taken by young persons with limited financial commitments. Later on, as their financial demands grow, they might acquire an additional term insurance policy to boost the sum assured.

Individuals in other life phases might also pick the ₹25 lakh term insurance plan if it meets their financial demands.

A ₹25 lakh term insurance plan is suitable if it matches your coverage requirements. So, you should evaluate your coverage needs and then make an informed decision. 

How do you choose the right 25 Lakh term plan?

Consider the following aspects when selecting the best term insurance plan for ₹25 lakhs:

Coverage provided

While term plans provide easy coverage, it also includes built-in riders and additional coverage features that broaden the coverage scope. Consider the coverage options available and select a plan that meets your needs and provides comprehensive protection.

Read More

Read Less

Premium

Compare the premium rates for ₹25 lakh term insurance policies based on coverage provided. The right term insurance plan will be the one that provides a wide scope of coverage at a competitive premium rate.

Read More

Read Less

Ease of buying

Easy-to-buy term plans are preferable because they allow you to purchase coverage fast and get financial protection at the earliest.

Read More

Read Less

Claim process

Term plans with a clear and straightforward claim process and a rapid response time are preferable. They give faster claim settlements and can come to your or your family’s aid in the most difficult of times.

Read More

Read Less

Claim Settlement Ratio

Evaluate and compare the Claim Settlement Ratio (CSR) of several life insurance companies, and you may consider choosing an insurer with a high CSR for a greater chance of claim settlement.

Read More

Read Less

Riders

Always assess the riders that different term insurance plans provide. You can increase your coverage and improve the financial stability of your family by choosing the add-ons that are right for you.

Read More

Read Less

How to buy a 25 Lakh term insurance plan online?

To purchase the ₹25 lakh term insurance plan online through Bajaj Allianz, simply follow the steps below: -

  • Visit https://www.bajajallianzlife.com/term-insurance-plans.html and select your ideal term plan
  • Use the online term insurance premium calculator to calculate your policy premium based on your name, age, gender, contact information, education, smoking habits, income and occupation. You can then select coverage specifics such as the sum assured, policy term, premium payment duration and the frequency, and number of riders.
  • The premium will be calculated and displayed based on your selected options and personal information.
  • Pay the premium digitally and submit the proposal form.
  • The life insurance provider will underwrite your proposal and grant the policy
  • Schedule and complete any necessary https://www.bajajallianzlife.com/life-insurance-guide/term/what-medical-tests-are-required-for-term-insurance.htmlmedical check-ups to expedite policy issuance. 

Documents required to buy 25 Lakh term insurance

To purchase a ₹25 lakh term insurance plan, some of the documents that you will need include the following:

  • Proof of identity (e.g. Aadhaar Card, passport, voter's ID card, PAN Card)
  • Proof of address (e.g. utility bills, property deed, rent agreement).
  • Proof of age (such as a birth certificate, voter ID card, Aadhaar card, or PAN card).
  • Income proof, such as audited financial accounts, salary slips, and form 16, tax returns, if required
  • Medical records (if applicable)
  • Recent passport-sized coloured photos.
  • PAN Card or Form 60
  • Any other documents required by the life insurance company
Premium payment options for a 25 Lakh term insurance plan?

The ₹25 Lakh term insurance premium amount is determined by the various premium payment methods. There are three premium payment options available for ₹25 lakh term insurance plans: 

Regular pay

In this case, the insured must pay premiums on a regular basis throughout the policy period. Premiums can be paid annually, half-yearly, every quarter, or monthly.

Read More

Read Less

Limited pay

Under this option, premiums are paid for a limited number of years, usually lower than the policy term.

Read More

Read Less

Single pay

This type of payment allows the life insured to pay the entire premium in one go during the policy purchase.

Read More

Read Less

Conclusion

The future security of your family depends on having an adequate financial safety net in your absence. Term insurance plans provide a cost-effective alternative. The ₹25 Lakh term insurance plan provides a life coverage of ₹25 Lakh. If the policyholder dies while the policy is in effect, the nominee will get a death benefit.

Choose the plan if it matches your financial needs. You can also choose the plan to supplement an existing term insurance cover for comprehensive protection.

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.

Frequently Asked Questions

Customer Reviews

Customer Rating
4.5
4.5
Reviews by 17544 customers
Rate & Review

(Rate your experience on the website)

Please select the rating to proceed

Tell us how was your experience ?

1. Easily found what I needed

2. Information provided are clear and easy to understand

3. Look and feel of the website is attractive

4. Easy to download all relevant documents

5. User friendly website

6. Write Your Review

500 characters remaining
I agree and consent to the Terms & Conditions, Privacy Policy

Customer Speaks

Happy with the services
I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
Rashmi Bhavnani
5
Satisfied, Trust
I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5
Related Articles
Types Of Term Insurance Plans In India

Life may be great for the most part, but at some point, uncertainties and unexpected events may happen. They may be sudden job losses, pay cuts, or even accidents. And almost always, such incidents come with financial difficulties.

Read More
How Much Term Insurance Do I Need?

A term insurance policy is a protection-oriented life insurance plan. It covers the risk of premature demise and pays a death benefit if the life-assured passes away. If the life assured is the

Read More
Term Insurance Premium – Know All About It

Rising costs of living have made the process of living itself a rather expensive process. These daily costs interspersed with high healthcare costs aren’t necessarily surprising but are a tough pill to swallow, nonetheless.

Read More
Benefits of Term Insurance

A term insurance policy is a  life insurance plan which is intended to cover the risk of premature death or demise of the life assured, during the policy tenure. The term plan encompasses the essence

Read More
Bajaj Allianz Life Insurance Security
Bajaj Allianz Life is a trusted insurance partner Reviewed by Life Insurance Experts
Bajaj Allianz Life is a trusted insurance partner

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.

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, 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

Disclaimers:
Plus Symbol
Minus Symbol

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 iSecure II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN – 116N208V01) considering Male aged 30years | Variant-Life | Non-Smoker | Policy Term(PT)– 26 years | Premium Payment Term (PPT)– 25 years | Sum Assured opted is Rs.25,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 4,186. 2nd Year onwards premium Rs. 4,757. Total Premium Rs. 1,18,354 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout | 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. Tax Benefit is calculated at the rate of 31.20% after considering deduction of Rs. 150,000/- under Section 80C of the Income Tax Act 1961 (under old tax regime).

#Available under Life and Return of Premium variants

*Early Exit Value is available with Variant 1 - Life

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

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


X
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.

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

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

Buy Term Insurance
Reshot Illustration Discover Mountain
Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800*
99.23% Claim Settlement Ratio~
Premium Holiday1
Buy Term Insurance

Disclaimer
BJAZ-OT-EC-08288/24

close

New Term Plan Launched!

₹1 Cr Term Plan @₹15/ Day^

Get upto16% Discount on 1st Year Premium3

calendar_icon

Are you an NRI?

Select Country

I agree and consent to the Terms & Conditions, Privacy Policy

^,3T&C Apply

Gender

Tobacco/Nicotine

Are you diabetic?

I agree and consent to the Terms & Conditions, Privacy Policy

^,3T&C Apply

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 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


close
Ask for an Agent
Sign up for personal visit and tailored advice from our expert agents