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Bajaj Allianz Life eTouch Online Term Watch Video A Pure Term Insurance Plan

  • Life cover
  • Accidental cover
  • Critical illness cover
  • Waiver of premium
eTouch online term insurance plan

Variants of Bajaj Allianz Life
eTouch Online Term Plan

Shield

Shield – Life Benefit plus Waiver of Premium on occurrence of Accidental Total Permanent Disability

Benefit Payable

  • In case of ATPD of the life assured, all the future premiums under the policy will be waived, and the policy will continue.
  • On death of the life assured, the Sum Assured on Death will be paid, and the policy will terminate.
Shield Plus

Shield Plus – Life Benefit plus Accidental Total Permanent Disability benefit and Waiver of Premium (on occurrence of Accidental Total Permanent Disability)

Benefit Payable

  • In case of ATPD of the life assured,
    • an amount equal to the sum assured (subject to a maximum of ` 2 crores) will be paid as ATPD benefit
    • all the future premiums under the policy will be waived, and the policy will continue with life cover
  • On death of the life assured, the Sum Assured on Death will be paid, and the policy will terminate.
Shield Super

Shield Super – Life Benefit plus Accidental Death Benefit, Accidental Total Permanent Disability Benefit and Waiver of Premium (on occurrence of Accidental Total Permanent Disability)

Benefit Payable

  • In case of ATPD of the life assured, then,
    • an amount equal to the sum assured (subject to a maximum of ` 2 crores) will be paid as ATPD benefit
    • all the future premiums under the policy will be waived, and the policy will continue with all its remaining benefits
  • In case of death of the life assured due to accident, then,
    • Sum Assured on Death plus
    • An amount equal to the sum assured (subject to a maximum of ` 2 crores) will be paid as ADB and the policy will terminate
  • On death of the life assured, if not resulting due to accident, the Sum Assured on Death will be paid, and the policy will terminate.
Shield Supreme

Shield Supreme - - Life Benefit plus Accelerated Critical Illness, Accidental Total Permanent Disability Benefit and Waiver of Premium (on occurrence of Accidental Total Permanent Disability or Critical Illness)

Benefit Payable

  • In case of diagnosis of CI, the benefit payable will be,
    • If the diagnosed CI requires Angioplasty, fixed ACI benefit of ` 5,00,000 will be paid. WOP is not applicable, if Angioplasty is conducted for CI. No further ACI benefit will be paid for any future occurrence of Angioplasty. But, the policy will continue for other benefits, including remaining amount of ACI benefit for the remaining CIs covered, subject to payment of all due premium.
    • If the CI is other than one requiring Angioplasty then,
      • If no prior ACI benefit has been paid for Angioplasty, then, ACI Benefit of 75% of Sum Assured, subject to maximum of ` 75,00,000, will be paid
      • If any prior ACI benefit for Angioplasty has been paid, then, the remaining ACI Benefit will be paid, which is 75% of Sum Assured (subject to maximum of ` 75,00,000) minus` 5,00,000 (paid for Angioplasty)
      • All the future premiums under the policy will be waived once ACI Benefit is paid. The policy will continue with all its remaining benefits.
  • In case of ATPD of the life assured, then,
    • an amount equal to the sum assured (subject to a maximum of Rs. 2 crores) will be paid as ATPD benefit
    • all the future premiums under the policy will be waived, and the policy will continue with all its remaining benefits
  • On death of the life assured, the below benefit will be paid, and the policy will terminate,
    • If ACI benefit has been paid earlier, then, Sum Assured on Death minus the amount of ACI benefit already paid will be payable.
    • If ACI benefit has not been paid earlier, then, Sum Assured on Death will be paid
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Buy Online Term Insurance - Bajaj Allianz Life eTouch Online Term

Every family has dreams that stem from the aspirations and life goals of its members. How do you ensure that these dreams and goals are fulfilled whether you are there to see them or not? Give your family a shield against the uncertainties of life. 

Bajaj Allianz Life eTouch Online Term Plan is a regular premium online term insurance plan. It is that shield against financial distress caused due to critical illness, accidental disability and death. eTouch offers life, accidental and critical illness cover along with inbuilt waiver of premium depending upon the variant chosen. This ensures that your family realizes its dreams and achieves the life goals, even in your absence or in case of any medical exigencies afflicting you, like a critical illness or permanent disability due to an accident. eTouch comes in four variants to suit your different insurance needs.

Comprehensive cover

Bajaj Allianz Life eTouch Online Term is a regular premium payment, pure term and health cover plan. This Term plan provides life cover combined with benefits on Accidental Death, Accidental Total Permanent Disability and Critical Illnesses and benefit of Waiver of Premium, depending on the variant opted by you.

Four distinctive variants to choose from

It comes with four options – Shield, Shield Plus, Shield Super and Shield Supreme – to choose from depending on your unique needs

Option to receive benefits in instalments

The nominee will have the option to take the Life Benefit only or the Accidental Death benefit only or both either in lump sum or in monthly instalments.

Lower premium for maintaining healthy lifestyle

This term plan rewards you for leading a healthy lifestyle for non-tobacco users by lowering their premium

Flexible premium payment options

You can choose from multiple payment options, such as monthly, quarterly, half-yearly and annually

Choose your variant

  • Shield - Life Benefit ^^ plus Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability)
  • Shield Plus - Life Benefit plus Accidental Total Permanent Disability Benefit plus Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability)
  • Shield Super - Life Benefit plus Accidental Death Benefit plus Accidental Total Permanent Disability Benefit plus Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability)
  • Shield Supreme - Life Benefit plus ^^^ Accelerated Critical Illness Benefit plus Accidental Total Permanent Disability Benefit plus Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability or Critical Illness)

^The variant chosen at inception cannot be changed during the policy term. ^^ Life benefit refers to the Sum Assured under the plan that will be payable on death of the life assured. ^^^ Accelerated Critical Illness means the benefit payable on diagnosis of any specified Critical Illness wherein such benefit if paid will be deducted from the Sum Assured on death.

Choose your Sum Assured

Decide on the level of protection you need to safeguard your family's future. On choosing higher Sum Assured for the term insurance, you benefit from High Sum Assured Rebate (HSAR).

Choose your Policy Term

Select the period for which you desire to get the benefits of life insurance protection.

Choose your Premium Payment Frequency

Depending on your convenience decide the regular time interval at which you would prefer to pay the premium during the policy term.

(Your premium will be based on your current age, gender, sum assured, variant, policy term & premium payment frequency.)

Entry Age

Mimimum age is 18 years

Maximum age is 65 years

Maturity Age

Mimimum age of maturity 28 years

Maximum age of maturity 75 years

Policy Term

Mimimum Policy Term 10 years

Maximum Policy Term 40 years

Premium Paying Term

10-40 years

The premium payment term is equal to the policy term chosen.

Premium Amount

Minimum Premium

`5,000 per annum

The premium for Shield, Shield Plus & Shield Super variants are guaranteed for entire policy term, and the premium for Shield Supreme, for a period of 5 policy years from the policy commencement date or from the date of latest revision of premium and reviewable thereafter.

Maximum Premium

As per the maximum sum assured

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Half-yearly, quarterly and monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions.

Sum Assured

Minimum Sum Assured

`50,00,000

Maximum Sum Assured

Life Benefit

ADB, ATPDB

ACI Benefit

No Limit

`2crores~

`75,00,000~~

~ADB & ATPDB is equal to sum assured, subject to a maximum of `2 crores.

~~ACI Benefit is up to the extent of 75% of the sum assured, subject to a maximum of 75 lacs.

The sum assured under a policy will be chosen by the policyholder, subject to the minimum and maximum sum assureds mentioned for Life Benefit. The maximum benefit under a policy for the benefits ADB, ATPDB & ACI Benefit will be capped at the maximum mentioned.

Sum Assured will be in multiples of `1,00,000. Sum Assureds are subject to the prevailing Board approved underwriting norms

An online term plan is designed to be a vital security in life and from its unpredictable nature. Thus, it makes sense to invest a good amount of thought and research before fixing on your plan. Here are some tips that can help you arrive at an ideal term insurance plan.

Calculate the ideal coverage amount beforehand

The amount should be adjusted keeping in mind things like the number of dependents, their life-stage, their future goals & requirements and their lifestyle costs. It should also cover the cost of inflation & all your liabilities.

Buy young

Term insurance plans are affordable to begin with, but if you start young, going in for an online term plan will be all the more affordable.  

Compare well & then choose the right insurance provider

There are various online term insurance aggregators through which you can easily compare insurance providers and their online term plans. Compare claim settlement ratios, solvency ratio and look at the reputation of a provider before finalizing on a plan. 

Look for riders and add-ons you need

An online term insurance plan can offer wider protection with the inclusion of certain riders. These riders make your online term plan full-proof and offer a wider protection. 

Get a health check-up done and disclose everything

A medical check-up is a must before investing in an online term plan. If the medical report shows something to worry about, make sure you disclose it to your insurance provider. It may call for a slightly higher premium but it will discard any chances of your claim being rejected.  

Shield

Life Benefit plus WOP Benefit (on occurrence of ATPD)

Shield Plus

Life Benefit plus ATPD Benefit plus WOP (on occurrence of ATPD)

Shield Super

Life Benefit plus ADB plus ATPD Benefit plus WOP Benefit (on occurrence of ATPD)

Shield Supreme

Life Benefit plus ACI Benefit plus ATPDB plus WOP Benefit (on occurrence of ATPD or CI)

Please refer Sales Brochure for more details.

Documents you’ll need before investing

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How is Bajaj Allianz Life eTouch Online Term different from other online term plans?

Unlike other term plans, Bajaj Allianz Life eTouch Online Term Plan not just covers your life but also protects your family against any financial stress caused because of your death, critical illness or permanent disability due to an accident. What sets Bajaj Allianz Life e-Touch Online Term plan apart, is the intertwining of both health and term insurance in one plan. 

In case of an unfortunate event of disability, what benefits can one get under Accidental Total Permanent Disability (ATPD) component of eTouch Online Term plan?

The benefits pertaining to ATPD are subject to the variant opted by the policyholder:

  • Shield: In case of ATPD of the life assured, all the future premiums under the policy will be waived and the policy will continue with the applicable benefits;
  • Shield Plus, Shield Super and Shield Supreme: In case of ATPD of the life assured, an amount equal to the sum assured (subject to a maximum of ` 2 crore) will be paid as ATPD benefit and all future premiums under the policy will be waived, and the policy will continue with the applicable benefits

What benefit will a policyholder get as Accidental Death Benefit (ADB) under Shield Super variant include?

In case of death of the life assured due to an accident, sum assured on death plus an amount equal to the sum assured (subject to a maximum of ` 2 crore) will be paid as ADB to the nominee and the policy will terminate.

What is considered as Accidental Death?

Accidental Death means death caused by sudden, unforeseen and involuntary event caused by external, visible, and violent means as revealed by an autopsy. It is considered as accidental death if the death is caused directly by such an accident and within 90 days from the date of the accident and is independent of any physical or mental illness. 

Can the nominee opt for receiving death benefit in monthly instalments?

Yes, the nominee has the option to take the Life Benefit only or the ADB only or both the Life Benefit and ADB benefit in any of the below mentioned ways: 

  1. 100% of the benefit in a lump-sum,
  2. 50% of the benefit in a lump-sum and the remaining in level or increasing monthly instalments
  3. 100% of the benefit in level or increasing monthly instalments. If the nominee opts to take the benefits in monthly instalments, then the instalments will be paid for 120 months

How does the Accelerated Critical Illness (ACI) benefit actually work?

The benefits related to the ACI are applicable only in Shield Supreme variant, in the following manner: 

  1. If the diagnosed critical illness requires Angioplasty, a fixed ACI benefit of ` 5,00,000 will be paid. The waiver of premium will not be applicable, if Angioplasty is conducted for critical illness. While no further benefit will be available for any future Angioplasty, the policy will continue with other benefits, including the remaining amount of ACI benefit for other critical illnesses covered by the policy, subject to payment of all due premium.
  2. If the critical illness does not require Angioplasty then the ACI Benefit of 75% of Sum Assured, subject to a maximum of ` 75,00,000, will be paid provided no prior ACI benefit has been availed for Angioplasty. In case any prior ACI benefit for Angioplasty has been availed, then the remaining ACI Benefit which is 75% of the Sum Assured (subject to a maximum of ` 75,00,000) after deducting ` 5,00,000 (paid for Angioplasty) will be paid. After the ACI Benefit is paid, all future premiums under the policy will be waived and the policy will continue with other benefits.

Which events are classified as Accidental Total Permanent Disability (ATPD)?

In the unfortunate event of the life assured meeting with an accident, which leads to any of the following impairments within 90 days of the accident, then these events are classified as ATPD, and the applicable benefits will be paid on such events:

i) Total and irrecoverable loss of entire sight in both the eyes. Loss of sight means total, permanent and irreversible loss of all vision in both eyes as a result of Accident (as applicable). The diagnosis must be clinically confirmed by a medical practitioner. The blindness must not be correctable by aides or surgical procedures

ii) Amputation of both hands at or above the wrists

iii) Amputation of both feet at or above the ankles

iv) Amputation of one hand at or above the wrist and one foot at or above the ankle 

Life Insurance Glossary

Annualized Premium

“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.

Grace Period

“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.

Life Assured

“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.

Maturity Date

“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder

Nominee

“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document

Paid up Sum Assured on Death

“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.

Paid up Sum Assured on Maturity

If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.

Paid up Sum Assured

“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy

Policyholder

“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company

Rider Benefit

“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document

Rider Life Assured

“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider

Rider Premium

“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.

Rider Premium Paying Term

“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.

Rider Term

"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule

Sum Assured

“Sum Assured” is the amount as specified in the Schedule under the Policy.

Surrender Benefit

“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. For more details refer to the Policy Document

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  • Claim deposits via electronic transfer to make process faster
  • Solvency ratio of 804% **
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

**All figures as on 31 March, 2019.

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!

Sum Assured on Death: is defined as higher of (a) 10 times Annualised Premium# (b) 105% of total premiums paid# till date of death (c) Sum Assured

#Annualised Premium is exclusive of extra premium and loadings for modal premiums, if any, and total premiums paid is equal to (Annualized Premium* number of years for which premiums have been paid). Goods and Service Tax will be collected over and above the premium under the policy.

For definitions, exclusions and other information on critical illnesses, Accidental Total Permanent Disability and accident please refer sales brochure available at website.