Claim Settlement Ratio of 99.23%~

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Term Insurance Calculator

A term insurance calculator is an effective online tool designed to help you calculate the premium cost for your desired term insurance coverage based on age, income, gender, health, smoking history, number of dependents, etc.Read More

It offers insights on how much a desired insurance coverage will cost you to enable you to choose a term insurance policy which aligns with your financial goals and budget. Term insurance calculator is free to use and calculates the premiums instantly.Read Less

Term Insurance
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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
Address proof/ID proof (Any one)
  • Passport
  • Aadhar card
  • Voters ID
  • Driver’s License

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*Above 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. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 14,941. 2nd Year onwards premium is Rs. 16,196. Total Premium is Rs. 4,84,625 | 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 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 purposes only. For more details on risk factors, terms and conditions, please read the 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 a deduction of Rs. 150,000 and an applicable tax rate of 31.20%.

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

^Bajaj Allianz Life Family Protect Rider- A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

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Writer Palak
Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Reviewer Rituraj
Reviewed ByRituraj Singh
AboutRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 3rd January 2025
Modified on: 8th January 2025
Reading Time: 20 Mins
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What is Term Insurance Premium Calculator

A term insurance premium calculator is an online tool that helps you calculate the premium of your term insurance policy. The calculator is free to use and calculates the premiums instantly. Moreover, it also allows you to buy the term insurance policy directly online saving time and effort.

The term insurance premium calculator uses basic details to find the premium. These details include the following4

  • Your name and contact details (mobile number and email ID). These details are used for generating a personalised quote and also to send you the quote on your phone or email
  • Date of birth or age
  • Gender
  • Smoking or tobacco consumption habits
  • Educational Qualification
  • Occupation
  • Annual income
  • PIN code
  • Sum assured
  • Policy tenure
  • Premium paying tenure
  • Premium paying frequency
  • Optional riders
  • Policy variant (if available)

Based on these details, the premium is calculated and shown. You can change the calculated premium by changing your coverage details like the sum assured, policy tenure, premium paying term and frequency, riders, etc.

What does a term insurance calculator do?

A term insurance calculator helps you to calculate the premium of your suitable term insurance policy with a desired sum assured. It requires certain inputs such as your name and contact details such as mobile number and email ID, date of birth and age, annual income, gender, lifestyle habits such as tobacco/nicotine consumption or smoking habits, education qualification, occupation, etc, to offer term insurance policies suitable for you based on your inputs.

You can select the suitable term insurance plan and then choose a desired sum assured. Based on the term insurance policy and desired sum assured selected, the calculator provides insights into how much premium you would have to pay for the given sum assured, policy tenure, premium payment tenure, premium payment frequency and benefit pay-out option. This free and easy-to-access tool assists policyholders in making informed decisions about selecting the right policy based on their family needs and meeting their financial goals.

How to use a term insurance calculator?

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/term-insurance-plans/term-insurance-calculator.html .
    Go to the official website of Bajaj Allianz Life
  2. Bajaj Allianz Life Term Insurance Calculator Page will open.

    Bajaj Allianz Life Term Insurance Calculator Page

  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.

    E-Touch feature in Bajaj Allianz Life Term Insurance Calculator
    Documents required for term insurance purchase

  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
    • The premium payment frequency
    • The benefit pay-out option

    Customize E-Touch Plan

  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 finalizing 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

    For autopay and first-time buyers, Bajaj Allianz Life offers specified policy discounts.


    Additional information section in Term Insurance Calculator

  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, including:
    • Application number
    • Quote ID
    • The amount of premium you need to pay
    Check the details properly and agree to the terms and conditions to proceed.

    Make Payment for Term Insurance Policy

  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 checkbox 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.

Benefits of Term Insurance Calculator

A term insurance plan premium calculator is a helpful tool with various benefits. Some of these benefits are as follows4-

  1. The calculator shows the payable premium and gives you complete transparency about the estimated cost of the term insurance policy. You know how much approximately you are paying and what you are getting against the premium paid
  2. The calculator shows personalised quotes and helps you tailor your cover according to your needs
  3. You can use the term plan premium calculator to compare the premium across different plans and find the best term plan
  4. By showing the premium payable, the calculator helps you with budgeting and planning for premium payments in advance. You can assess if the premiums are affordable and even adjust the coverage to change the premium The calculator is completely free of cost and helps you calculate the premium for the policy before you actually buy the plan.

Benefits Of Term Insurance

How to Calculate Term Life Insurance Coverage?

You can use the online term life insurance calculator to calculate term life insurance coverage. The calculator uses your personal and financial details to assess the estimated coverage amount based on your needs. To use the calculator, you have to enter some details and based on those details the recommended sum assured is calculated and shown. You can choose the recommended sum assured or choose a sum assured based on your needs. The details may vary depending upon the insurers terms and conditions.

How do you choose the right sum assured?

Term insurance policy with adequate sum assured is important to build a financial safety net for your loved ones. Choosing the right sum assured is crucial as it determines the financial security of your family in case of an unfortunate event. While choosing the sum assured in the term plan, analyse your working years and consider your current income, future financial obligations, debts, number of dependents and lifestyle needs. A sum assured covering these aspects ensures that your family maintains their standard of living and meets financial obligations without worry.
Some of the ways in which you can find the right sum assured of a term insurance plan are as follows1 –

Multiple of the annual income

One of the most basic ways of calculating the sum assured is to choose 10-12 times the annual income as the coverage level. For instance, if you earn ₹10 lakhs annually, the sum assured should be ₹1 - ₹1.2 crores.

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Financial needs analysis

This is a more holistic approach wherein the liabilities, assets and financial needs of the family are taken into consideration. The sum assured is calculated in such a manner that it would be sufficient to pay for your liabilities and provide a monthly income to your family in your absence so that they can meet their lifestyle expenses.

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Human Life Value (HLV) method

Under the HLV method, the value of human life is quantified to find the sum assured. For instance, if you are able to provide ₹20,000 to your family every month for their financial needs, the sum assured should be sufficient to provide this amount in your absence when invested in a risk-free avenue. So, if the risk-free interest rate is considered to be 6% per annum, this would give us a corpus of ₹40 lakhs (₹2,40,000/6% X 100%), which will yield ₹2.4 lakhs every year to meet your family’s monthly expense of ₹20,000.

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Why is it Important to Choose the Right Sum Assured for Term Insurance?

Choosing the right sum assured is vital as it directly impacts the level of financial security your family gets in your absence. An insufficient sum assured may make your family vulnerable to financial distress, while an excessively high amount can involve unnecessary premium costs and financial burdens. Striking the balance ensures comprehensive and cost-effective insurance coverage without straining your budget.

Who should buy a term plan?

The following people may find purchasing a term plan suitable for their needs:

1. Parents

Buying a term plan may be essential if you want to secure the financial future of your children. In case of your absence, a term plan may ensure your children continue to live their lives with financial freedom.

 

2. Young working professionals

Your premium for a term plan may increase as you age. Hence, if you are a young earning professional, you may want to buy a term plan as soon as you can. The affordable premiums might help you avail a high life cover right from the beginning. Thus, when you have a family in the future, they will have financial security.

 

3. Individuals with debts

 

If you have any debt, you may want to ensure it does not affect your family’s financial future, by considering buying a term plan. The support provided by the term plan may help them pay off these liabilities in your absence.

When should I buy a term plan?

The sooner you buy a term plan, the better it may be for you. The premium of a term plan depends upon various factors including age and could increase as you age. Since people can experience more health issues when they are older, leading to an increased mortality risk, they may have to pay higher premiums, too. You can use a term insurance calculator, to check how the premium changes with change in age. Hence, it may be preferable to buy the term plan when younger.

%Mr. Ajay
Male, 24 years old
Non Smoker

Premium
₹529 monthly for 1st year
₹565 monthly from 2nd year onwards

Sum Assured
₹1 Crore		*Mr. Vijay
Male, 40 years old
Non Smoker

Premium
₹1,648 monthly for 1st year
₹1,760 monthly from 2nd year onwards

Sum Assured
₹1 Crore

Factors to consider before using a term insurance premium calculator

The different factors to consider before using a term insurance premium calculator are detailed below:

Age and Life Expectancy

Age is one of the most significant factors that affect life insurance premiums as it determines your mortality risk. With the increase in age, the body of an individual grows weak, and diseases set in. Further, their life expectancy also decreases. Hence, term insurance premiums are usually higher in older ages than in younger ages. When using the calculator, your life expectancy will help you determine the policy tenure for maximum coverage. This will also help you find the relevant premium of the policy.

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Occupation

Some occupations, such as mining, construction, aviation, defence, politics, etc., are dangerous and involve high mortality risk, attracting higher premiums.

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Smoking habit

Term insurance premiums are higher for individuals who smoke as smoking involves health hazards. Alternatively, non-smokers have lower premium rates since they are considered healthy.

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Lifestyle habits such as drinking habits or tobacco consumption

If an individual has bad lifestyle habits like substance abuse like tobacco consumption or drinking habits, the premiums would be higher.

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Health condition

Individuals having diabetic conditions or adverse health conditions such as hypertension, etc., have higher premium charges.

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Sum Assured and Tenure of the Plan

The amount of coverage in the term plan directly affects the premium. The higher the sum assured, the higher would be the premium and vice versa. Similarly, tenure affects the premiums. The longer the coverage, the lower will be the annual premium and vice versa.

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Benefits and features

Other features such as premium payment terms and frequency, benefit pay-out options, etc. determine the premium cost. Yearly premium payment frequency has lower premiums than monthly or any other premium payment modes.

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Add-on benefits and optional riders

Add-on benefits include inbuilt riders, additional coverage options, return of premium options, optional riders, whole-life coverage options, etc. A higher premium is charged for these add-on benefits. Moreover, if you buy riders with your term insurance policy for enhanced coverage, your premiums will shoot up, and you will have to pay an extra premium for each rider chosen

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Impact of smoking & occupation on premium calculation:

Smoking and occupation significantly impact premium calculations. Insurance providers consider smoking a significant risk factor due to associated health issues. Smokers typically pay higher premiums compared to non-smokers due to the increased health risks associated with smoking. Similarly, occupations involving high risk, such as those in the construction or mining industry, may attract higher premium costs due to their increased chances of accidents. Providing complete and accurate information about occupation and smoking habits ensures a realistic premium estimate.

What happens if you don't use a term plan calculator?

Not using a term plan calculator may lead to incorrect estimates of premiums, resulting in inadequate coverage or financial strain. You might end up choosing a term plan that doesn't align with your financial objectives or overpaying the premiums for coverage. A calculator offers a clear picture of your premium obligations, enabling you to make an informed financial decision and ensure your family's financial security at all times.

Claim settlement process at Bajaj Allianz Life Insurance

Bajaj Allianz is known for its prompt and efficient claim settlement, ensuring hassle-free and quick disbursement of payouts to the beneficiaries. The claim settlement process at Bajaj Allianz Life Insurance is simple and involves just three steps3. Have a look -

                                                                               
StepDescription
Step 1 – Claim Reporting          
  • Fill and print the claim form online.
  • Provide the policy number, name, PIN code, email ID, phone number, and download the form from the link: Claim Assistance.
  • Attach the relevant documents depending on the type of claim you are making. The list of documents can be found online at the same link.
  • Submit the claim form and the documents at the nearest branch of the company.
      
Step 2 - Claim Processing          
  • The insurance company processes the submitted claim.
  • Your documents will be assessed and verified, and you will be informed of your claim processing at every step.
  • If there are any missing documents, you will be notified of the same through calls, and reminders will be sent via letters.
  • You can call the claim helpline at 1800 209 7272 to track your claim.
      
Step 3 – Claim Settlement          
  • After the claim is successfully processed, it will be settled or rejected.
  • If the claim is rejected, you will be informed of the reason for repudiation.
      

Conclusion:

A term insurance calculator is an invaluable tool for estimating premiums and selecting the right term insurance policy. The calculator aids in decision-making, ensures adequate coverage, and provides financial security to your family. You can use a term insurance calculator to compare different term plans, adjust coverage parameters, and find the suitable term policy which fits your insurance needs and budget constraints.

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.23%

Claim Settlement Ratio~

Claim Settlement Ratio
1 Day

Get 1 Day Claim Approval%

One Day Claim Approval
AAA

Stable Rating by CARE$

CARE Stable Rating
₹1,20,994 Cr

Assets Under Management (AUM)**

Assets Under Management (AUM)
3.97 Cr

Number of Lives Covered#

Number of Lives Covered
432%

Solvency Ratio of 432%^

Solvency Ratio
Claim Settlement Ratio 2023-24

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | $For details refer to press release published by CARE | **All figures as on 31st January 2025 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | #Individual & Group.

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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Reference:

  1. https://economictimes.indiatimes.com/wealth/insure/how-much-life-insurance-do-you-really-need/articleshow/22065416.cms?from=mdr
  2. https://irdai.gov.in/document-detail?documentId=379913
  3. https://www.livemint.com/money/personal-finance/do-term-insurance-plans-have-a-waiting-period-after-purchase-11668101940216.html
  4. https://www.caclubindia.com/articles/the-unsung-benefits-of-using-a-term-insurance-premium-calculator-51024.asp
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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)- 30 years | Premium Payment Term (PPT)- 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##Tax benefits as per prevailing Section 10(10D) and Section 80C 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.

^Bajaj Allianz Life Family Protect Rider- A Non- Linked, Non- Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)- 30 years | Premium Payment Term (PPT)- 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##Tax benefits as per prevailing Section 10(10D) and Section 80C 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.

^Bajaj Allianz Life Family Protect Rider- A Non- Linked, Non- Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) considering Male aged 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 docu- ment (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.

^Bajaj Allianz Life Family Protect Rider- A Non-Linked, Non- Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.50,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 4,178. 2nd Year onwards premium Rs. 4,529. Total Premium Rs. 1,35,519 | 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.

^Bajaj Allianz Life Family Protect Rider- A Non- Linked, Non- Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs. 75,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,267. 2nd Year onwards premium Rs. 6,794. Total Premium Rs. 2,03,293 | 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 purposes only. For more details on risk factors, terms, and conditions please read the 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.

^Bajaj Allianz Life Family Protect Rider - A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Female aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 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

^Bajaj Allianz Life Family Protect Rider- A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (UIN: 116B056V01)

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

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

Buy Term Insurance
Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800*
99.23% Claim Settlement Ratio~
Premium Holiday1
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BJAZ-OT-EC-08288/24

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Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

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

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


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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 24 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,348. 2nd Year onwards premium Rs. 6,780. Total Premium Paid is Rs. 2,02,968 | Medical Rates | Monthly 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.

*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N172V04) considering Male aged 40 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 21,120. 2nd Year onwards premium Rs. 20,110. Total Premium Paid is Rs. 6,32,256 | Medical Rates | Monthly 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.

@Individual Death Claim Settlement Ratio for FY 2023-2024

$96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices

**Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%

# Survey conducted by Brand Equity – Nielsen in March 2020

&For details refer to press release published by CARE

BJAZ-WP-ECNF-08927/24

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35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

^Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V03) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 5,118. 2nd Year onwards premium Rs. 5,548. Total Premium Rs. 1,66,010 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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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

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