Buy 30 Lakhs Term Insurance Plans Online 2025

Calling From	Phone Number
Calling us from INDIA	18002097272 (Toll Free)
Rest of the World	+912067871700 (Call charges apply)

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

^*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 (₹)

Doctor Teleconsultations

Consultation per month
= 24 consultations per year

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

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!

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1 Crore Term Insurance @ ₹ 15/day

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Written ByShruti Gujarathi

AboutShruti Gujarathi

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.

Reviewed ByRosy Pathak

AboutRosy Pathak

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.

What is ₹30-lakh term insurance?
How does a ₹30-lakh term insurance plan work?
Benefits of ₹30-lakh term insurance
Who should opt for ₹30-lakh term insurance?
How to choose a ₹30-lakh term insurance plan?
Why Bajaj ?
Conclusion
FAQs

What is ₹30 lakh term insurance?

A ₹30-lakh term insurance plan is a life insurance policy offering a life cover amount of ₹30 lakhs. In the event of the untimely death of the life assured within the policy term, the insurer pays the death benefit. This amount can be used to cover living expenses, debts, or even future financial goals like education or homeownership.

The ₹30-lakh term insurance premium is typically affordable, making it a cost-effective way to secure substantial coverage. The premium amount varies based on factors like age, health, policy tenure, and lifestyle habits.

Why Do I Need ₹ 30 Lakh Term Insurance?

₹30 Lakh term insurance means your family may receive that amount if you pass away during the policy term[1] . This amount can be used for household expenses. It is a way to provide monetary support in case of death during the insurance term.

How does a ₹30 lakh term insurance plan work?

Under a ₹30-lakh term insurance plan, you choose the following details when buying the policy –

Policy duration or term
Premium payment term
Payment Frequency
Additional riders, if needed.

The sum assured is ₹30 lakhs. Based on these details and your age, gender, health and other risk factors—the ₹30-lakh term insurance premium is calculated. You then pay this premium according to the selected payment schedule, whether monthly, quarterly, half-yearly or annually.

If the life assured passes away during the policy term, the insurer will pay the death benefit. However, if the life assured survives the entire policy term, no payout is made under a ₹30-lakh term plan which primarily offers protection against premature demise. To address this, some people opt for a return of premium option, where the total premiums paid during the policy term are refunded if the insured person survives until maturity. This adds a savings component to an otherwise pure protection plan.

Why Sum Assured is an Important Factor When it Comes to Term Insurance?

Sum assured is the money a nominee gets if the life assured dies during the policy term , subject to policy terms and conditions. This amount is fixed when the plan starts. It helps decide how much money the nominee could receive. A higher sum assured means more money may be given to the nominee .

Term Insurance Plans from Bajaj Allianz Life

Benefits of ₹30 lakh term insurance

Highlighted below are some reasons to purchase a term insurance for 30 lakh^[1]:

1. Financial Protection for Your Family

A ₹30-lakh term plan ensures that your dependents—spouse, children, or parents—are financially secure even if you are no longer around. The coverage can help your family manage expenses, clear outstanding loans, and meet other financial obligations in your absence.

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2. Affordable Premiums for High Coverage

One of the key advantages of a ₹30-lakh term insurance plan is that it offers life cover at a low cost. The ₹30-lakh term insurance premium is affordable. Moreover, if you buy the plan at a younger age or if you maintain a healthy lifestyle, the premiums get lower.

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3. Optional Add-Ons for Enhanced Benefits

Many ₹30-lakh term plans offer additional riders like accidental death or critical illness coverage. These add-ons can provide extra financial protection, making your policy more comprehensive. Some plans offer these riders as inbuilt benefits, while others offer them on an optional basis at an additional premium.

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4. Long-Term Coverage

You can choose policy terms of 10, 20, 30 or even 40 years, ensuring your family is protected for an extended period. Moreover, some plans have a whole-life option wherein coverage is available for lifelong protection for up to 99 or 100 years of age.

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5. Tax Benefits

A ₹30-lakh term plan also offers tax savings under Section 80C (up to ₹1.5 lakhs²) under old tax regime for premiums paid and Section 10(10D)² for the benefit payout, making it a financially wise choice.

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Who should opt for ₹30 lakh term insurance?

A ₹30-lakh term insurance plan is ideal for individuals who want affordable, high-coverage protection. Here's who should consider it:

Young Professionals

If you're in the early stages of your career, a ₹30-lakh term insurance plan provides affordable life coverage with a low ₹30-lakh term insurance premium, securing your family’s future at a minimal cost.
Sole Earning Members

For individuals supporting their entire family, this plan ensures that your loved ones can maintain their lifestyle and cover major expenses, such as loans or education, if you’re no longer around.
Individuals with Moderate Financial Obligations

If you have moderate liabilities like a home loan or debts, a ₹30-lakh term plan can help settle these without burdening your family.
Tax Savvy Individuals

Those looking for tax benefits can also enjoy deductions under Section 80C^[2] under old tax regime by opting for this plan.

How to choose a ₹30 lakh term insurance plan?

Selecting a ₹30-lakh term insurance plan involves careful consideration of several factors to ensure you make the right choice for your financial security.

Criteria	Description
1.Evaluate Coverage Offered	Start by assessing the coverage provided by the plan. A sum assured of ₹30 lakhs should adequately meet your family's needs, covering living expenses, loans, and future financial goals. Ensure that the policy aligns with your financial obligations.
2.Understand the Premium Rate	Compare the ₹30-lakh term insurance premium rates among various insurers. Look for a plan that offers competitive rates without compromising on coverage. Factors such as your age, health status, and lifestyle will influence the premium, so consider obtaining quotes from multiple providers.
3. Check the Claim Process	A hassle-free claim process is crucial. Research the insurer’s claim settlement ratio (CSR), which indicates their reliability in paying out claims. A higher CSR means a more dependable insurer, providing peace of mind when you need it most.
4. Add-on	Add-ons or riders offer added coverage in addition to the term plan. These riders are available at an additional nominal premium. . These may include options like accident or illness cover, based on what the insurance company offers.
5. Ease of Purchase	Choose a plan that offers a straightforward buying process, whether online or offline. Many insurers provide digital platforms for quick applications and policy management, making it convenient to secure your ₹30-lakh term insurance plan.

99.29%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

Stable Rating by CARE^$$

₹1,23,734 Cr

Assets Under Management (AUM)^***

3.85 Cr

Number of Lives Covered^##

359%

Solvency Ratio of 359%^{^^^}

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.

Conclusion

Opting for a ₹30-lakh term insurance plan is an essential step in safeguarding your family’s financial future. With its affordable premium and substantial coverage, it ensures that your loved ones are supported in times of need. By assessing key factors like coverage details, premium rates, and the claims process, you can make an informed decision that aligns with your financial goals. Ultimately, investing in a term insurance policy not only protects against uncertainties but also provides freedom from worry, knowing your family will be secure no matter what happens.

Frequently Asked Questions

1. What are the factors that can affect my insurance premium for ₹30-lakh term plan?

Several factors can affect the premium of your ₹30-lakh term insurance plan, influencing the overall cost. Here are the key elements to consider:

Policy Tenure
Choosing a longer policy term generally results in lower annual premiums. Conversely, shorter tenures may lead to higher costs.
Premium Payment Options
You can select from single, limited, or regular premium payment terms. Single premiums tend to be the highest, while regular premiums, paid throughout the policy, are usually the most economical. Additionally, opting for annual payments is often cheaper than monthly or quarterly ones.
Age
Your age plays a significant role in determining premiums; older individuals typically face higher costs due to increased risk.
Gender
Premiums are often lower for females, as they generally have a longer life expectancy than males^[4].
Lifestyle Choices
Habits like smoking and drinking can elevate your premium, as they increase health risks.
Medical History
A history of medical conditions can lead to higher premiums, reflecting the increased risk.
Additional Risk Factors
Your occupation and family health history are also considered when calculating premiums.
Selected Riders
Adding riders to your policy will increase your premium, as each rider incurs an additional cost.

2. What are the tax benefits for a ₹30-lakh term plan?

Following are the tax savings under a term insurance for 30 lakh:

Premium Deductions

Under Section 80C of the Income Tax Act, the premiums paid for your ₹30-lakh term insurance plan are eligible for deductions, up to ₹1.5 lakh² per financial year under old tax regime.
Death Benefit Exemption
The death benefit received by the nominee is tax-free^[3], ensuring that the full sum assured goes to your beneficiaries without any tax liability.
No Tax on Maturity Benefits
If you choose a return of premium option, the maturity amount is also exempt from tax^[3] under Section 10(10D), subject to specific provisions, providing additional financial security without tax deductions.

3. What will happen if I survive the policy tenure?

If you opt for a basic term insurance policy without a maturity benefit and survive the policy term, no payout will be made at maturity. However, if you select a plan with a return of premium option, the premiums you paid throughout the policy tenure will be refunded to you when the policy matures.

4. Can I add riders to my ₹30-lakh term plan?

Yes, you can add various riders to your ₹30-lakh term plan for enhanced coverage^[1]:

Accidental Death Benefit Rider: Provides additional payout if the insured dies in an accident.
Critical Illness Rider: Offers a lump sum if the life assured is diagnosed with a covered critical illness.
Permanent Disability Rider: Pays periodic benefits if the insured becomes permanently disabled due to an accident.
Income Benefit Rider: Ensures beneficiaries receive annual income for a specified period in case of the life assured’s death.
Waiver of Premium Rider: Waives future premium payments if the policyholder cannot pay due to loss of income or accidental disability, ensuring coverage remains intact.

5. What are the Premium payment options for a ₹30-lakh term insurance plan?

For a ₹30-lakh term insurance plan, you typically have several premium payment options

Single Premium: Pay the entire premium upfront for the entire policy term.
Limited Premium: Pay premiums for a specified number of years while maintaining coverage for the full policy term.
Regular Premium: Make premium payments throughout the policy duration.

Choosing the right payment option depends on your financial situation and preferences.

6. Why is term insurance required?

Term insurance gives sum assured to the nominee of the life assured when they pass away during the policy term. It can be utilized to meet financial expenses like food, rent, tuition fees etc. Term plans are offered by insurers based on age, occupation, and medical history. Riders available to opt for policyholders will also give you additional features for accidents or illnesses. The main idea is to provide financial support during hard times.

These plans don’t inherently have these additional features. Riders can be availed for these features at additional nominal premiums.

7. Is a 30-year term life insurance worth it?

A 30-year term plan provides coverage for 30 years. The nominee could receive a lump sum if the insured person dies during the policy term. Premiums are generally locked in and could be lower if bought earlier. Additional optional feature like return of premium is also available, in which the paid premiums are returned if the insured outlives the term of the policy. This gives a balance between premium and coverage tenure.

8. What are the eligibility criteria to purchase a ₹30 lakh term plan?

Here are the general eligibility criteria to purchase a ₹30 lakh term insurance plan:

● Age: Applicants typically need to be between 18 and 65 years old.

● Income: Proof of a steady income is usually required to ensure the ability to pay premiums.

● Health: Medical history and current health status may be assessed through questionnaires or medical tests.

● Documentation: Valid identification, address proof, and income documents are needed.

These criteria can vary among insurance providers. It's advisable to check with the specific insurer for detailed requirements.

Read All

Reference:

https://www.forbes.com/advisor/in/life-insurance/term-insurance/best-term-insurance/(opens in a new tab)

https://economictimes.indiatimes.com/wealth/tax/now-life-insurance-maturity-money-will-not-be-fully-tax-exempt-cbdt-issues-new-tax-rules/articleshow/102797642.cms?from=mdr(opens in a new tab)

https://www.livemint.com/money/personal-finance/how-life-insurance-policies-are-taxed-11665145664260.html(opens in a new tab)

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8638908/(opens in a new tab)

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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

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.

Term Insurance Premium

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

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.

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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.

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Disclaimers:

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.

Bajaj Allianz Life Goal Assure IV with 10X Life Cover²

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Bajaj Allianz Life Goal Assure IV with 10X Life Cover²

Starting from ₹ 3000/ Month¹

Zero LTCG Tax^$

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^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.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

Claim Settlement Ratio of 99.29%^~

Term Insurance Plans

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Insurance for All

Insurance Made Easy

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₹ 30 Lakh Term Insurance Plan

What is ₹30 lakh term insurance?

Why Do I Need ₹ 30 Lakh Term Insurance?

How does a ₹30 lakh term insurance plan work?

Why Sum Assured is an Important Factor When it Comes to Term Insurance?

Term Insurance Plans from Bajaj Allianz Life

Benefits of ₹30 lakh term insurance

1. Financial Protection for Your Family

2. Affordable Premiums for High Coverage

3. Optional Add-Ons for Enhanced Benefits

4. Long-Term Coverage

5. Tax Benefits

Who should opt for ₹30 lakh term insurance?

Young Professionals

Sole Earning Members

Individuals with Moderate Financial Obligations

Tax Savvy Individuals

How to choose a ₹30 lakh term insurance plan?

1.Evaluate Coverage Offered

2.Understand the Premium Rate

3. Check the Claim Process

4. Add-on

5. Ease of Purchase

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio~

Get 1 Day Claim Approval%

Stable Rating by CARE$$

Assets Under Management (AUM)***

Number of Lives Covered##

Solvency Ratio of 359%^^^

Conclusion

Frequently Asked Questions

1. What are the factors that can affect my insurance premium for ₹30-lakh term plan?

2. What are the tax benefits for a ₹30-lakh term plan?

3. What will happen if I survive the policy tenure?

4. Can I add riders to my ₹30-lakh term plan?

5. What are the Premium payment options for a ₹30-lakh term insurance plan?

6. Why is term insurance required?

7. Is a 30-year term life insurance worth it?

8. What are the eligibility criteria to purchase a ₹30 lakh term plan?

Customer Speaks

Returns upto 26.7%*

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$$

Assets Under Management (AUM)^***

Number of Lives Covered^##

Solvency Ratio of 359%^{^^^}