Buy Best Term Insurance for Women in India 2025

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Keep these Documents Handy
Photo	Colored Photo
PAN Card	PAN Card/ Form 60
Age proof (Any one)	Passport Aadhar card Driver’s License Birth Certificate Baptism Certificate of PAN card
Income documents (Any one)	Last 6 months Bank statement with salary credit Form 16 Last 3 years ITR with Computation of Income (COI) Last 3 months salary slip + Last 6 months bank statement showing salary credited
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^*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V04) considering Male aged 22 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 18,038. 2nd Year onwards premium Rs. 19,257. Total Premium Paid is Rs. 5,76,491 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage: 55) | Premium shown above is inclusive of Online Discount only and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

^**The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

^##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

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

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

S No.

Value Added Service

Frequency

Cost (₹)

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

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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 Term Insurance for Women?
Benefits of Term Insurance for Women: Why Should You Buy One?
How term insurance for women works
Types of term insurance that can be purchased by women
Why Should Women Consider Buying Term Insurance for Women?
Key Features of Term Insurance
How do you choose the right term insurance for women?
Things to consider before buying Term Insurance for women
Conclusion
Why Bajaj Allianz Life Insurance ?
FAQs

What Is Term Insurance for Women?

A term insurance policy also covers women individuals. The policy provides financial protection against the risk of dying early, i.e. premature demise. If the insured woman happens to die during the policy tenure, the plan pays the death benefit to compensate the woman’s family for the financial loss suffered.

Almost all term insurance plans can be taken for women. Whether the woman is working or a housewife, the plan will cover the risk of dying early, i.e. premature demise.

Benefits of Term Insurance for Women: Why Should You Buy One?

Some of the benefits of buying a term insurance plan for women are as follows –

Financial security

A term insurance plan is designed to provide financial security in the case of a premature demise. If a woman is contributing financially to her family’s needs and goals, in her absence, her family would suffer a financial loss. Even if the woman is a housewife, her premature demise would incur a financial loss as there would be no one to manage the household. To compensate for this financial loss, the term plan becomes important. It can provide financial assistance to the family in case of the woman’s premature demise, which brings security.

Different plans for different needs

There are different types of term insurance plans. Women can choose from increasing term plans, decreasing term plans, return of premium plans or level term plans. This gives women the facility to choose coverage depending on their needs and enjoy complete financial protection.

Customisable

Optional riders are available with term insurance. Women can choose suitable riders to enhance the scope of their policy and customise the coverage based on their needs. Plus, they can choose the coverage level, the policy tenure, premium paying terms and frequencies, and other policy details to design a plan that matches their needs.

Tax benefits

Lastly, term insurance plans also offer tax benefits, which allow tax-paying women to reduce their tax liability. The premium paid for term insurance plans qualifies for Income Tax deduction under Section 80C up to ₹1.5 lakhs under the old regime subject to specific terms and conditions¹. The death benefit received is completely tax-free². If you choose the return of premium term plan and get the premiums refunded on maturity, the maturity benefit received would also be tax-free under Section 10(10D) subject to specific terms and conditions¹.

How term insurance for women works

Term insurance offers financial protection to your family by providing a fixed sum assured in case of the unfortunate demise of the life assured during the policy term. For women, it works on the same principle, but many insurers design plans with additional benefits tailored to women’s health and life stages.

When a woman buys a term insurance policy, she selects the coverage amount and the policy duration based on her needs. The premiums are generally lower for women, owing to longer life expectancy and lower risk factors. In case of her untimely demise during the policy term, the insurer pays the sum assured to her nominee, helping the family manage ongoing expenses, children’s education etc.

Many term plans today come with optional riders that can be availed at an additional nominal premium , such as critical illness cover for ailments like breast or cervical cancer and other critical illnesses as mentioned in the rider, waiver of premium on diagnosis of serious illness, and more.

Whether a woman is working, running a business, or managing home, term insurance can provide a layer of financial security for her loved ones. It is a simple yet effective step towards ensuring that her family’s financial goals remain on track, even in her absence.

Types of term insurance that can be purchased by women

The different types of term insurance plans available are as follows –

Type of policy	Meaning	Example
Level term plan	The sum assured under the plan remains constant throughout the policy tenure.	You buy a term plan with a sum assured of ₹50 lakhs. If the life assured happens to die during the policy tenure, the sum assured of ₹50 lakhs would be paid as a death benefit.
Increasing term plan	The sum assured increases by a specified rate during the policy tenure. If the life assured happens to die within the duration of the policy, the sum assured in the year of death is paid.	You buy a term plan with a sum assured of ₹50 lakhs. From the second policy year, the sum assured increases by ₹5 lakhs. The life assured passes away in the 6^th policy year. In this case, the sum assured in the 6^th year was ₹75 lakhs, which would be paid as a death benefit.
Decreasing term plan	In this plan, the sum assured is reduced by a specified rate during the policy tenure. If the life assured happens to die within the duration of the policy, the applicable sum assured in the year of death is paid.	You buy a term plan with a sum assured of ₹50 lakhs. From the second policy year, the sum assured decreases by ₹5 lakhs. The life assured passes away in the 6^th policy year. In this case, the sum assured in the 6^th year will be ₹25 lakhs, which would be paid as a death benefit.
Return of premium term plans	Under these plans, the death benefit is paid If the life assured happens to die within the duration of the policy. However, if the life assured survives the entire tenure of the policy, the premiums paid during the policy tenure are refunded.	You buy a 20-year term life insurance policy with a Return of Premium Term Plan. They pay Rs. 2,000 in annual premiums. Scenario 1: Policyholder lives out the term: At the end of 20 years, they receive a return of Rs. 40,000 (20 years x Rs. 2,000). Scenario 2: Policyholder dies during the term: The beneficiaries receive the death benefit, and the premiums are not returned.

Why Should Women Consider Buying Term Insurance for Women?

Today’s women play multiple roles—as professionals, entrepreneurs, caregivers, and homemakers. Regardless of their role, financial planning is essential, and term insurance for women is a crucial part of it. It helps ensure that a woman’s family remains financially secure, even in her absence.

Women are now becoming the primary income contributors. In such cases, a term insurance plan becomes a necessary financial tool. In case of an untimely death, the payout from the policy can help cover daily expenses, repay loans, or fund long-term goals like children’s education.

For homemakers too, term insurance is relevant. Though they may not bring in a regular income, their contribution to the household is significant. A term plan helps cover the cost of domestic responsibilities that may otherwise become financially challenging for the family to manage.

Additionally, term insurance for women is often available at lower premiums due to longer life expectancy. Some plans even offer riders at an additional nominal premium like critical illness benefit rider for diseases such breast or cervical cancer etc.

Ultimately, buying term insurance empowers women to take charge of their family’s financial well-being, offering peace of mind and stability when it’s needed most.

Key Features of Term Insurance

Term insurance is one of the simplest and most affordable life insurance products, offering high coverage at relatively low premiums. Here are some key features that make it a valuable part of your financial plan:

Pure Life Cover:

Term insurance provides financial protection to the nominee in case of the life assured’s untimely demise during the policy term. It does not offer maturity benefits unless chosen with return of premium option.
Affordable Premiums:

Compared to other life insurance products, term plans are more affordable. Women often benefit from even lower premium rates due to favourable life expectancy statistics.
Flexible Policy Terms:

You can choose a policy term ranging from 5 to 40 years based on your financial goals.
High Sum Assured:

Term plans offer a high coverage amount that can support your family’s lifestyle, take care of children’s education etc.
Optional Riders:

Many term insurance plans offer an option to choose riders to enhance protection. Popular riders include critical illness cover, accidental death benefit and waiver of premium.
Tax Benefits:

Premiums paid are eligible for deduction under Section 80C, and the death benefit is usually tax-exempt under Section 10(10D), subject to conditions.
Claim Payout Options:

Insurers offer multiple payout options—lump sum, monthly income, or a combination—allowing the nominee to manage the payout according to their financial needs.

How do you choose the right term insurance for women?

There are different options for term insurance plans. To choose the right term plan, it is advisable to compare the available options and pick the right plan. When comparing, consider the –

Type of policy
The sum assured
The coverage provided
The riders – both inbuilt and optional
The claim process

Choose a policy which offers the most inclusive scope of coverage at the most competitive premium rates. Plus, check the claim process. It should be simple and convenient so that you can get the claim settled with minimal hassles. Check the insurance company’s Claim Settlement Ratio (CSR) and choose an insurer with a high ratio for a higher probability of claim settlements.

Things to consider before buying Term Insurance for women

When buying term insurance for women, here are the things that you should consider –

Type of policy

First, assess the type of term plan that you need. If you want a plan with increasing coverage levels, choose an increasing term plan. On the other hand, if you want a plan with reduced coverage to mirror an outstanding debt, you can choose decreasing term plans. For those of you looking for a maturity benefit, return of premium plans could be a good choice. So, assess your coverage needs and then choose the right type of term insurance plan for women.

Sum assured

The next important thing is the sum assured or the coverage level. The sum assured should be optimal to provide sufficient financial security to your family. So, you should assess your financial needs and goals and then choose a coverage which would be adequate to match them.
You can use a term insurance calculator to find the right sum assured for your policy. Alternatively, there are different methods to find adequate coverage of a term plan that would provide optimal financial security.

Policy tenure

Term plans provide coverage during the policy tenure. Once the tenure expires, the coverage ceases. So, choose a tenure which aligns with your financial goals. It should be adequate to cover the financial risk for as long as needed. You can also choose the whole life option and stay covered throughout your lifetime.

Premium paying term and frequency

To enjoy the full benefits of the term insurance policy, you have to pay the premiums as and when they are due. As such, choose a premium paying term and frequency which is affordable and allows you to pay the premiums without hurting your finances.

Riders

Riders are optional coverage benefits which help enhance the scope of the policy and also customise the coverage, on payment of nominal additional premium. Assess the range of riders available with the term plan and choose those which match your coverage needs.

Conclusion

Understand what term life insurance is all about, and buy a suitable policy for your and your family’s coverage needs. Choose the right sum assured for adequate protection against life’s uncertainties, and with term insurance, you won’t have to worry about affordability.

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.

Frequently Asked Questions

1. What are the eligibility criteria for women to apply for term insurance?

The eligibility criteria depend on the term insurance policy that you choose to buy. Usually, term insurance is available aged 18 years and above, and the maximum entry age might be restricted to 65 or 70 years depending as per product terms and conditions.

2. Is maternity covered under term life insurance for women?

There is no specific coverage for maternity under term life insurance for women. Maternity is a medical coverage, while term insurance provides coverage against premature demise. If the woman passes away from the complications of pregnancy, then the claim will be payable under the policy.

3. Can homemakers apply for term insurance?

Yes, homemakers can also apply for term insurance. However, the maximum coverage available for them would depend on the insurance company’s underwriting guidelines.

4. Who can buy term insurance for women?

Husbands, parents, and women can buy term insurance for women³.

5. What is the difference between term insurance for women and men?

There is basically no difference between term insurance coverage for women and men. However, the underwriting for both policies might differ because the health risks associated with men and women are different. Moreover, premiums for term insurance for women are lower than those for men⁴.

6. Why should women buy term plans?

Women play important roles in managing household and financial responsibilities. A term plan offers financial protection to their families in case of an untimely demise during the policy term. Whether salaried, self-employed or a homemaker, term insurance helps ensure that a woman’s family can manage expenses, maintain their lifestyle etc. It also reflects financial independence and planning for the future. Some plans have the option to opt for riders which give add on coverage , making it a well-rounded financial safety net.

7. What is the maximum age limit to buy a term plan for females?

The maximum age to purchase a term plan may vary depending on the insurer, but it typically ranges from 60 to 65 years. However, buying term insurance earlier helps you lock in lower premiums and enjoy longer coverage. It is advisable to check individual policy guidelines, as the age limit may differ from plan to plan and Insurer to Insurer.

8. Do term plans offer accidental coverage for females?

Yes, many term insurance plans offer option to choose or opt accidental death benefit riders, which are optional covers. In case of demise of life insured due to an accident , the nominee receives an additional payout along with the base sum assured. This rider enhances the financial support provided to the family during difficult times. Some plans may also cover permanent disability due to an accident, however, this is typically available as an optional rider and is not a built-in feature. The policyholder must explicitly opt for this rider at the time of purchase, depending on the insurer's terms.

9. Is term insurance for women more affordable?

Yes, term insurance for women is generally more affordable than it is for men. This is because women tend to have a higher life expectancy, leading to lower perceived risk for insurers. As a result, women can avail of the same coverage at a lower premium.

10. Does term insurance for female cover different types of cancers?

Yes, many term insurance plans offer option to choose critical illness riders that cover life-threatening illnesses, including female-specific cancers like breast or cervical cancer. If diagnosed with an illness as covered under the rider, the insurer will pay out the rider's sum assured , according to the rider terms and conditions . This can be used as financial support during medical emergencies. It’s important to read the rider terms and conditions to understand which types of illness are covered under it.

Read All

Reference:

https://cleartax.in/s/life-insurance-taxability
https://www.livemint.com/money/personal-finance/how-life-insurance-policies-are-taxed-11665145664260.html
https://www.insuranceinstituteofindia.com/downloads/IC38/ALEnglish.pdf (page 90)
https://www.business-standard.com/finance/personal-finance/explained-term-insurance-premium-is-15-cheaper-for-women-123101000155_1.html

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. This is particularly true when there is sudden

What Is Policy Term?

Even at the best of times, life can be unpredictable and emergencies can strike without a moment’s notice. Therefore, in order to never find yourself in a situation that is financially burdensome

Term Insurance With Maturity Benefits

Term insurance plans provide a financial cover to a family / dependents on the event of a death of the breadwinner of the family. The cover helps the family to continue their life goals journey and not hit upon a financial burden on the death of the breadwinner.

Term Insurance Benefits For Single Women

A ladies handbag is her Armageddon Resource Centre, carrying everything ranging from tissues to snacks, from coins to a Swiss army knife, and from makeup to pepper spray. Naturally, because women know the power of being prepared. Everything in that handbag

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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 (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.

BJAZ-WP-ECNF-15706/25

^*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Female aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 4,551. 2nd Year onwards premium Rs. 4,934. Total Premium Rs. 1,47,637 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

^##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

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

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

Health Management Services for Women
Service	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
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.

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

Term Plan Prices Increasing Soon!*

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

Term Plan Prices Increasing Soon!*

16% Discount on first year premium^#

Lowest Premium Guaranteed^{^}

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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.

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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

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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

Insurance Coverage Plans

Affordable Term Plans

Policy Term Plans

Insurance for All

Insurance Made Easy

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Savings Plan

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Life Insurance Calculators

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Tools & Calculators

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Life Insurance Guide

Tools & Calculators

Term Insurance For Women

What Is Term Insurance for Women?

Benefits of Term Insurance for Women: Why Should You Buy One?

Financial security

Different plans for different needs

Customisable

Tax benefits

How term insurance for women works

Types of term insurance that can be purchased by women

Why Should Women Consider Buying Term Insurance for Women?

Key Features of Term Insurance

Pure Life Cover:

Affordable Premiums:

Flexible Policy Terms:

High Sum Assured:

Optional Riders:

Tax Benefits:

Claim Payout Options:

How do you choose the right term insurance for women?

Things to consider before buying Term Insurance for women

Type of policy

Sum assured

Policy tenure

Premium paying term and frequency

Riders

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%^^^

Frequently Asked Questions

1. What are the eligibility criteria for women to apply for term insurance?

2. Is maternity covered under term life insurance for women?

3. Can homemakers apply for term insurance?

4. Who can buy term insurance for women?

5. What is the difference between term insurance for women and men?

6. Why should women buy term plans?

7. What is the maximum age limit to buy a term plan for females?

8. Do term plans offer accidental coverage for females?

9. Is term insurance for women more affordable?

10. Does term insurance for female cover different types of cancers?

Reference:

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%^{^^^}