Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
~Individual death claim settlement ratio FY- 2023-2024
%99.70% 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%
$For details refer to press release published by CARE
**All figures as on 31 March, 2024
#Individual & Group
bTax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
a Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions
d 5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium, 5% Discount for salaried customers, applicable only on first year’s premium, 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency, applicable only on first year’s premium.
e Above illustration is for Bajaj Allianz Life Smart Protection Goal - A Non Linked, Non Participating, Individual Life Insurance Term Plan (UIN: 116N174V03) considering Male aged 25 years | Non-Smoker | Standard Life | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Total Sum Assured opted is Rs. 1,00,00,000 | Total Premium - Rs. 2,08,143 (1st Year Premium is Rs- 6535/- and 2nd Year onwards Rs -6952/- )| Online Channel | This is exclusive of discount for salaried customers and for customer's first individual life insurance policy | medical rates | Yearly Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.
f Product feature/benefit mentioned above are dependent on optional benefit, if selected.
g HSAR – High Sum Assured Rebate is subject to policy terms and conditions
h Premium rate applicable to female life will be based on the premium rate of 3 years younger male