Here are the steps to use Bajaj Allianz Life Term Insurance Calculator:
1.Go to the official website of Bajaj Allianz Life and click on “Financial Calculator” to select “Term Insurance Calculator” or simply click on https://www.bajajallianzlife.com/life-insurance-calculator/term-insurance-calculator.html
2. Bajaj Allianz Life Term Insurance Calculator Page will open.
3. In the Term Insurance Calculator, fill in the following details:
- Your Full Name
- Your Mobile Number
- Your Email ID
- Date of Birth
- Gender
- If you consume Tobacco/Nicotine
- Your Education Qualification
- Your Occupation
- PIN Code
- Annual Income Range.
4. After filling in all the details, tick on the “I agree and consent to the Terms & Conditions, Privacy Policy” and then click on “Submit.”
5. Once you click on submit, the term insurance calculator will show you the available term insurance plan that best suits your insurance needs based on the inputs you provided. You can also view the plan brochure. It will also show the list of documents required to buy the suggested term insurance plan so that you can keep these documents handy.
6. Once you select the desired plan option, and click on “Next,” you will be redirected to a page where you will need to provide the insurance details such as the amount of life cover, the number of years for which you want the coverage i.e. the tenure of the plan, the premium payment tenure, premium payment frequency and the benefit pay-out option.
7. Once you fill in the required details, the term insurance calculator will calculate and show the premium on the right-hand side of the window. Any changes made in the inputs will update the premiums on the right-hand side and you can use different inputs to check the effect on the premium cost.
8. After finalising the insurance policy details and premium, click on “Next” to proceed.
9. Then, you will be required to provide additional information such as opting to autopay, first-time insurance buyer, if you want to opt to get maturity amount in instalments, premium holiday option, if you are an existing customer, etc. For autopay and first-time buyers, Bajaj Allianz Life offers specified policy discounts.
10. After filling in the additional details, click on “Next.” Then, you will be redirected towards making the payment.
11. On the next page, the window will show all your details, application number, quote ID and the amount of premium that you are required to pay. Check the details properly and agree to the terms and conditions to proceed.
12. After checking your details and the term plan details, click on “Pay Now.”
13. You will be redirected to the page showing your payment details and application number. Tick on the disclaimer check box and proceed with the payment through the offered secured payment gateways.
14. Once the premium is paid, fill out the proposal form and submit it with the relevant documents for issuance of the term insurance policy.