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Bajaj Allianz Life eTouch Online Term

You are Three Steps away from a secured future

#IfsOfLife

1. Calculate your premium

2. Generate your quote

3. Choose your plan

CHOOSE YOUR LIFE COVER

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  • Your Annual Premium
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    * The premium shown is for base variant shield & Service Tax is excluded
  • POLICY TERM

    Years
  • DEATH BENEFIT

    50 Lakhs

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Download Brochure

18 pages - 1.1MB

Download Policy Document

14 pages - 170 Kb

Bajaj Allianz Life eTouch Online Term - Shield Supreme Variant

Variants of Bajaj Allianz Life eTouch Online Term Plan

Shield Supreme

No matter how difficult the pitch, and even if LIFE throws a bouncer at you, your Life Insurance Term Plan will offer the perfect protection solution.

Benefit Payable

In the Shield Supreme Variant, the benefit payable would be as follows:-

  1. If the life assured is diagnosed with a Critical Illness, the benefits payable would be as follows:
    • If the diagnosed CI requires Angioplasty, fixed ACI benefit of ₹ 5,00,000 will be paid. Waiver of premium (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.
    • B. If the Critical Illness is other than one requiring Angioplasty then,
      1. If ACI (Accelerated Critical Illness) benefit has been availed for Angioplasty, then, ACI Benefit of 75% of Sum Assured, subject to maximum of ₹75,00,000, would be paid.
      2. If any prior ACI benefit for Angioplasty has been paid, then, the remaining ACI Benefit would be paid, which is 75% of Sum Assured (subject to maximum of ₹75,00,000) minus ₹ 5,00,000 (paid earlier for Angioplasty)
      3. the remaining premiums under this term plan will be waived off, while the other insurance benefits will continue.
  2. In case of an Accidental Total Permanent Disability (ATPD), the benefit payable would be:-
    • sum assured (subject to a maximum of Rs 2 Crores) will be paid as ATPD benefit
    • the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.
  3. On unfortunate demise of the life assured the beneficiary would receive the following benefit 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 would be payable.
    • If ACI benefit has not been paid earlier, then, Sum Assured on Death would be paid
Shield Super

Like in cricket, wherein the player wears protective gear, in life one buys Protection as per his current & forthcoming life stage needs.

Benefit Payable

In the Shield Super Variant, the benefit payable would be as follows:-

  1. In case of an Accidental Total Permanent Disability (ATPD), the benefit payable would be:-
    • sum assured (subject to a maximum of Rs 2 Crores) will be paid as ATPD benefit
    • the remaining premiums under this policy would be waived off, while the other insurance benefits will continue.
  2. 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
  3. If cause of death is not an accident Sum Assured on Death would be paid and the policy will terminate.
Shield Plus

As in cricket, the player willing to stay longer on the field must stay protected. Life Insurance offers you protection against the bouncers and yorkers of life, to ensure you stay longer in the game.

Benefit Payable

In the Shield Plus variant, the benefit payable would be as follows:-

  • In case of an Accidental Total Permanent Disability (ATPD), the benefit payable would be:-
    • sum assured (subject to a maximum of ₹ 2 Crores) will be paid as ATPD benefit
    • the remaining premiums under this policy would be waived off, while the other insurance benefits will continue.
  • On unfortunate demise of the life assured, the Sum Assured on Death would be paid and the policy will terminate.
Shield

In the sport of life, playing a long innings is inadvertent. Cricket and life are alike...each ball equals every minute spent on the crease, each shot equals opportunities presented in LIFE and every wicket is an obstacle. To ensure a worry free life, one must use protective gear to increase your chances of playing a longer, fulfilling innings.

Benefit Payable

In the shield variant, the benefits payable would be as follows:-

  • On unfortunate demise of the Life Assured (the person in whose name term insurance policy has been taken), the Sum Assured on death would be paid and the policy shall terminate.
  • On the occurrence of an Accidental Total Permanent Disability of the Life Assured the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.

Why Bajaj Allianz Life eTouch Online Term Insurance Plan ?

Life is full of "IFs". Presenting a complete term insurance protection plan built to safeguard you and your family from various uncertainties in life. Be prepared with Bajaj Allianz Life eTouch Online Term, a comprehensive term plan for you and your loved ones to be able to realize your dreams without any compromises, in case of an unforeseen event. Wait no longer... gift your family the perfect shield against the "IFs of LIFE" in just a few clicks, and "Jiyo Befikar"!!

Term insurance is an inexpensive life insurance policy that provides financial security to your loved ones. The term plan is for a specific time period and provides financial cover in case of death or a misfortunate event during the specific period.

Key Features of Online Term Plans

    Bajaj Allianz Life eTouch Online Term is a regular premium payment, pure term and health cover plan. The 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. The key advantages of the term plan are:

  • Comprehensive protection
  • Flexibility to choose from four variant options to enhance your protection
  • Option for the nominee to receive the policy benefits in a lump sum or in monthly installments
  • Lower premium for leading healthy lifestyle for non-tobacco users
How Does Online Term Insurance Plan Work

Step 1: Choose your variant ^
a) Shield - Life Benefit ^^ plus WOP Benefit (on occurrence of ATPD)
b) Shield Plus - Life Benefit plus ATPD Benefit plus WOP Benefit (on occurrence of ATPD)
c) Shield Super - Life Benefit plus ADB plus ATPD Benefit plus WOP Benefit (on occurrence of ATPD)
d) Shield Supreme - Life Benefit plus ACI Benefit plus ATPD Benefit plus WOP Benefit (on occurrence of ATPD or CI)

The acronyms used stand for: (i) ADB - Accidental Death Benefit (ii) ATPD - Accidental Total Permanent Disability (iii) ACI - Accelerated Critical Illness ^^^ (iv) CI - Critical Illness (v) WOP - Waiver of Premium
^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

Step 2 : 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).

Step 3: Choose your Policy Term
Select the period for which you desire to get the benefits of the term insurance protection.

Step 4: 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.

Am I Eligible?
  • Entry Age

    18 yearsMinimum

    65 yearsMaximum

  • Maturity Age

    28 yearsMinimum

    75 yearsMaximum

  • Policy Term

    10 yearsMinimum

    40 yearsMaximum

  • Premium Payment Term

    10 - 40 years

    The premium payment term is equal to the policy term chosen.
  • Sum Assured

    ₹ 50,00,000
    Minimum

    Life Benefit No Limit
    ADB, ATPDB ₹ 2crores ~
    ACI Benefit ₹ 75,00,000 ~~
    Maximum

    ~ 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

  • Premium

    ₹ 5,000 per annum
    Minimum

    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

    As per the maximum sum assured
    Maximum

Bajaj Allianz Life eTouch Online Term (UIN:) 116N140V01

For more details, please refer to the Brochure and Policy Document

Benefits of Online Term Plans
  • Shield - Life Benefit plus WOP Benefit (on occurrence of ATPD)

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

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

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

    • 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 ₹ 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
    • In Shield Plus, Shield Super and Shield Supreme, for:

    • ATPD Benefit
      • ATPD benefit will not be payable if accident happens before the expiry of the policy term and disability happens within 90 days of date of accident but after expiry of policy term.
    • ADB
      • If ATPD happened first and after that death happened within 90 days of accident, in that case two separate benefit will be given first for ATPD and then for ADB.
      • ADB benefit will not be payable if accident happens before the expiry of the policy term and death happens within 90 days of date of accident but after expiry of policy term.
  • High Sum Assured Rebate (HSAR)

    • The plan offers a premium discount for all policies based on smoker categorization, variant, sum assured slab for each age & policy term. The HSAR will be applied for every additional ₹ 1lac increase in sum assured above the base sum assured.
  • Death Benefit and ADB Payment Option

    • Your nominee will have the option to take the Life Benefit only or the ADB only or both the benefits (Life Benefit and ADB) in any of the 3 ways mentioned below:
      • 100% of the benefit in a lump-sum,
      • 50% of the benefit in a lump-sum and the remaining in Level or Increasing monthly instalments
      • 100% of the benefit in Level or Increasing monthly instalments
    • If benefits are opted to be paid in monthly instalments, then, it will be paid as Level or Increasing monthly instalments for 120 months. The first instalment will fall due as on the date of death of the life assured. The details of Level or Increasing monthly instalments is as below:
      • In Level Instalments: The amount of instalments will be [(Amount of benefit taken in Installment) * 1.1022%].
      • In Increasing Instalments: The amount of instalment in the 1st month = [(Amount of benefit taken in Installment) * 0.7861%]. The instalments will increase by 10% p.a. (simple interest) of the first monthly instalment at the end of each 12 months from the date of death.
      • For example, Samir's nominee opted that the entire benefit of ₹ 1crore should be received in monthly installment, then, following will be the first month instalment incase of Level/Increasing option.
        1st monthly installment for benefit of ₹ 1 crore Level Instalment Increasing Instalment
        ₹ 1,10,220 ₹ 78,610
        Total paid in 120 months ₹ 1,32,26,400 ₹ 1,36,78,140
        Note: The ATPD Benefit & ACI Benefit will be paid as lump-sum only
      • The "Amount of benefit taken in Installment" will be chosen by the nominee. This could be either full sum assured or 50% of the sum assured as mentioned herein. The nominee cannot discontinue the benefits in installments once opted.
  • Option to Change Premium Payment Frequency

    • You will have the option to change the prevailing premium payment frequency on any policy anniversary, during the policy term, subject to availability, then, of the frequency (i.e. yearly, half-yearly, quarterly & monthly) and minimum modal premium criteria under the plan then.
    • The modal premium for frequencies other than yearly premium frequency is arrived at by multiplying the annual premium (after applicable HSAR) by the premium payment frequency factors and as given below:
    Premium frequency Monthly Quarterly Half yearly Yearly
    Frequency Factor 0.09 0.26 0.51 1.00
  • Loan

    • Policy loan is not available under the plan.
  • Tax Benefits

    • Premium paid are eligible for tax benefits under section 80C of the Income Tax Act. Death, accidental death, accidental permanent total disability and critical illness are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
  • Grace Period

    • If you have failed to make payment of the premium by the due date specified, you will be allowed a grace period of 30 days for premium payment frequencies other than monthly and 15 days for monthly frequency to pay the due premium. During the grace period, the life assured will be covered for the contingent events as per the variant chosen. On occurrence of the contingent event during the grace period when the due premium was not paid, the same will be deducted from the benefit payable.
  • Free Look Period

    • Within 30 days of the receipt of this policy, you will have the option to review the terms and conditions of the policy and if you disagree to any of the terms & conditions, you will have an option to return the policy stating the reasons for objections. You shall be entitled to a refund comprising the all regular premiums (excluding applicable taxes) paid, less the proportionate amount of risk premium for the period the Life Assured was on cover and the expenses incurred by the Company on medical examination and stamp duty.
Exclusions
  • Suicide Exclusion

    • If the life assured commits suicide, whether sane or insane, within 12 months from the date of commencement of risk or the date of latest revival of the policy, the policy shall be terminated by paying to the nominee an amount which is 80% of the premium paid as on the date of death, provided the policy is in-force as on the date of death.
  • Accidental Death Benefit

    • No benefit will be payable in respect of any condition arising directly or indirectly from, through or in consequence of the following exclusions:
      • Injury occurred before the Date of Commencement of Risk. This exclusion means for the insured to be eligible for this benefit the injury/accident leading to death should happen during the policy period
      • Suicide or attempted suicide or intentional self-inflicted injury, by the life insured, whether sane or not at that time.
      • Life assured being under the influence of drugs, alcohol, narcotics or psychotropic substance, not prescribed by a Registered Medical Practitioner
      • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, terrorist activity, revolution or taking part in a riot or civil commotion, strike or industrial action.
      • Participation by the life assured in a criminal or unlawful act or committing any breach of law with criminal intent including involvement in any fight or affray.
      • Treatment for injury or illness caused by avocations/activities such as hunting, mountaineering, steeplechasing, professional sports, racing of any kind, scuba diving, aerial sports, activities such as hand-gliding, ballooning, deliberate exposure to exceptional danger.
      • Any underwater or subterranean operation or activity. Racing of any kind other than on foot
      • Existence of any sexually Transmitted Disease (STD) and its related complications or Acquired Immune Deficiency Syndrome (AIDS) or the presence of any Human Immunodeficiency Virus (HIV).
      • Services in any military, air force, naval, police, paramilitary or similar organization including service in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order,
      • Participation by the insured person in any flying activity other than as a bona fide passenger (whether paying or not), in a licensed aircraft provided the life insured does not, at the time, have any duty on board such aircraft. Crew members and pilot for passenger carrying commercial flight are excluded under this exclusion unless they are bonafide passengers.
      • Physical handicap or mental infirmity
      • Unreasonable failure to seek medical advice, the Life assured has delayed medical treatment in order to circumvent the waiting period or other conditions and restriction applying to this Policy.
      • Nuclear reaction, Radioactive or chemical contamination due to nuclear accident
  • Accidental Total Permanent Disability

    • No benefits shall be payable as ATPD benefit for any disease or losses caused or aggravated directly or indirectly, wholly or partly by any one of the following:
      • Any medical condition which first manifests itself within 90 days of the Date of Commencement of Risk or date of latest revival, if any.
      • Any Pre-existing medical condition. Pre-Existing is defined as condition for which the Life Assured had signs, or symptoms, and/or were diagnosed, and / or received medical advice / treatment within 48 months to prior to the Date of Commencement of Risk or date of latest revival (if any), whichever is later.
      • Any congenital disorder, or illness related to congenital disorder or complication arising out of congenital disorder.
      • Suicide or attempted suicide or intentional self-inflicted injury, by the life insured, whether sane or not at that time.
      • Life assured being under the influence of drugs, alcohol, narcotics or psychotropic substance, not prescribed by a Registered Medical Practitioner
      • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, terrorist activity, revolution or taking part in a riot or civil commotion, strike or industrial action.
      • Participation by the life assured in a criminal or unlawful act or committing any breach of law with criminal intent including involvement in any fight or affray.
      • Treatment for injury or illness caused by avocations/activities such as hunting, mountaineering, steeplechasing, professional sports, racing of any kind, scuba diving, aerial sports, activities such as hand-gliding, ballooning, deliberate exposure to exceptional danger.
      • Any underwater or subterranean operation or activity. Racing of any kind other than on foot
      • Existence of any sexually Transmitted Disease (STD) and its related complications or Acquired Immune Deficiency Syndrome (AIDS) or the presence of any Human Immunodeficiency Virus (HIV).
      • Services in any military, air force, naval, police, paramilitary or similar organization including service in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order,
      • Participation by the insured person in any flying activity other than as a bona-fide passenger (whether paying or not), in a licensed aircraft provided the life insured does not, at the time, have any duty on board such aircraft. Crew members and pilot for passenger carrying commercial flight are excluded under this exclusion unless they are bonafide passengers
      • Physical handicap or mental infirmity
      • Unreasonable failure to seek medical advice, the Life assured has delayed medical treatment in order to circumvent the waiting period or other conditions and restriction applying to this Policy.
      • Nuclear reaction, Radioactive or chemical contamination due to nuclear accident.
  • Critical Illness

    • Apart from the disease specific exclusions given along with definitions of diseases, no benefit will be payable if the CI is caused or aggravated directly or indirectly by any of the following:
      • Any of the listed CI condition which first manifests itself within 90 days of the Date of Commencement of Risk or date of latest revival (if any), whichever is later.
      • Pre-Existing Conditions or conditions connected to a PreExisting Condition will be excluded. Pre-Existing is defined as condition for which the Life Assured had signs, or symptoms, and/or were diagnosed, and / or received medical advice / treatment within 48 months to prior to the Date of Commencement of Risk or date of latest revival (if any), whichever is later.
      • Any congenital condition
      • Suicide or attempted suicide or intentional self-inflicted injury, by the life insured, whether sane or not at that time.
      • Life assured being under the influence of drugs, alcohol, narcotics or psychotropic substance, not prescribed by a Registered Medical Practitioner
      • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, terrorist activity, revolution or taking part in a riot or civil commotion, strikes or industrial action.
      • Participation by the Life Assured in a criminal or unlawful act or committing any breach of law with criminal intent including involvement in any fight or affray.
      • Treatment for injury or illness caused by avocations/activities such as hunting, mountaineering, steeplechasing, professional sports, racing of any kind, scuba diving, aerial sports, activities such as hand-gliding, ballooning, deliberate exposure to exceptional danger.
      • Any underwater or subterranean operation or activity. Racing of any kind other than on foot.
      • Existence of any sexually Transmitted Disease (STD) and its related complications or Acquired Immune Deficiency Syndrome (AIDS) or the presence of any Human Immuno deficiency Virus (HIV).
      • Participation by the Life Assured in any flying activity other than as a bona-fide fare-paying passenger, in a licensed aircraft. Crew members and pilot for passenger carrying commercial flight are excluded under this exclusion unless they are bonafide passengers.
      • Unreasonable failure to seek or follow medical advice, the Life Assured has delayed medical treatment in order to circumvent the waiting period or other conditions and restriction applying to this Policy.
      • Nuclear reaction, Biological, radioactive or chemical contamination due to nuclear accident.
      • Ayurvedic, Homeopathy, Unani, naturopathy, reflexology, acupuncture, bone-setting, herbalist treatment, hypnotism, rolfing, massage therapy, aroma therapy or any other treatments other than Allopathy/ western medicines.
      • Any treatment of a donor for the replacement of an organ
      • Shield Plus, Shield Super and Shield Supreme shall not be offered, if the life assured has the exclusion condition already at inception

Sample illustration
  • 30 years old Samir is married and has a daughter who is 4 years old. He works for a private construction firm. Samir has purchased a house recently on loan. He is aware that incase of his death, accidental disability or critical illness, his family would be burdened with financial liabilities. He decided to take Bajaj Allianz Life eTouch Online Term to ensure a worry-free future. Let's see what benefit options are available to him under each of the variants in this plan.

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

    Samir chooses 'Shield' for a policy term of 20 years and a sum assured of ₹ 1 crore. He pays an annual premium of ₹ 5,813 after a HSAR of ₹ 1,264
    At age 40, Samir meets with a road accident and suffers a total permanent disability. All the future premiums are waived under the policy and the policy continues
    On Samir's unfortunate death, his nominee gets ₹ 1 crore (Sum Assured on Death)and the policy terminates

    Shield

    Premium shown in the above illustrations are exclusive of service tax, cess, and any extra premium. The sum assured amount and/ or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions and claim scrutiny. The illustrated premium is applicable for age 30 years, preferred non-smoker male life assured. Premium rate for female life will be with 4 year age set-back for variants Shield, Shield Plus and Shield Super.

  • Shield Plus - Life Benefit plus ATPD Benefit plus WOP (on occurrence of ATPD)

    Samir chooses 'Shield Plus' for a policy term of 20 years and a sum assured of ₹ 3 crores. He pays an annual premium of ₹ 17,273 after a HSAR of 1,780
    At age 40, Samir meets with a road accident and suffers a total permanent disability. He will receive:
    a) ₹ 2 crores (an additional Sum Assured as ATPD benefit) b) All the future premiums are waived under the policy and the policy continues
    On Samir's unfortunate death, his nominee gets ₹ 3 crores (Sum Assured on Death) and the policy terminates

    Shield Plus

    Premium shown in the above illustrations are exclusive of service tax, cess, and any extra premium. The sum assured amount and/ or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions and claim scrutiny. The illustrated premium is applicable for age 30 years, preferred non-smoker male life assured. Premium rate for female life will be with 4 year age set-back for variants Shield, Shield Plus and Shield Super.

  • Shield Super - Life Benefit plus ADB plus ATPD Benefit plus WOP Benefit (on occurrence of ATPD)

    Samir chooses 'Shield Super' for a policy term of 20 years and a sum assured of ₹ 3 crores. He pays an annual premium of ₹ 26,890 after a HSAR of ₹ 6,521
    At age 40, Samir meets with a road accident and suffers a total permanent disability. He will receive:
    a) ₹ 2 crores (an additional Sum Assured as ATPD benefit)
    b)All the future premiums are waived under the policy and the policy continues with all its remaining benefits
    At age 47, Samir dies in a road accident. His nominee gets ₹ 3crores(Sum Assured on Death) and ₹ 2 crores (an additional Sum Assured as ADB) and the policy terminates

    Shield Super

    Premium shown in the above illustrations are exclusive of service tax, cess, and any extra premium. The sum assured amount and/ or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions and claim scrutiny. The illustrated premium is applicable for age 30 years, preferred non-smoker male life assured. Premium rate for female life will be with 4 year age set-back for variants Shield, Shield Plus and Shield Super.

  • Shield Supreme - Life Benefit plus ACI Benefit plus ATPDB plus WOP Benefit (on occurrence of ATPD or CI)

    Samir chooses 'Shield Supreme' for a policy term of 20 years and a sum assured of ₹ 3crores.He pays an annual premium of ₹ 28,419 after a HSAR of ₹ 7,296
    At age 35, Samir is diagnosed with Critical illness. He will receive:
    ₹ 75,00,000(75% of Sum Assured) All the future premiums are waived under the policy and the policy continues with all its remaining benefits
    At age 45, Samir meets with an accident and suffers a total permanent disability. He gets ₹ 2 crores (an additional sum Assured as ATPD benefit) and the policy continues with all its remaining benefits
    On Samir's unfortunate death, his nominee gets ₹ 2.25,00000 (Sum Assured on Death minus the ACI benefits paid and the policy terminates)

    Shield Suprime

    Multiple CI events are not covered under the plan. CI sum assured will be paid on occurrence of first CI event only (except for Angioplasty, as mentioned herein)
    Premium shown in the above illustrations are exclusive of service tax, cess, and any extra premium. The sum assured amount and/ or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions and claim scrutiny. The illustrated premium is applicable for age 30 years, preferred non-smoker male life assured. Separate premium rate for female lives is applicable for Shield Supreme.

Online Term Insurance FAQ's

How to Choose the Best Term Insurance Plan

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Let's understand the basics of term insurance for the less finance-savvy readers...

What is solvency ratio of an Insurance Company & why should it matter to you?

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Ever wonder how likely you are to get your money back should the insurance company fail?

Customer Checklist Know Your Rights and Duties!

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As an insurer, we wish to provide you with great, transparent service.

Disclaimer
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). Service tax & cess 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.
 
Shield Supreme

No matter how difficult the pitch, and even if LIFE throws a bouncer at you, your Life Insurance Term Plan will offer the perfect protection solution.

Benefit Payable

In the Shield Supreme variant, the benefits payable would be as follows:-

  • If the life assured is diagnosed with a Critical Illness, the benefits payable would be as follows:
    • If the diagnosed CI requires Angioplasty, fixed ACI benefit of ₹ 5,00,000 will be paid. Waiver of premium (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 Critical Illness is other than one requiring Angioplasty then,
      1. If ACI (Accelerated Critical Illness) benefit has been availed for Angioplasty, then, ACI Benefit of 75% of Sum Assured, subject to maximum of ₹75,00,000, would be paid.
      2. If any prior ACI benefit for Angioplasty has been paid, then, the remaining ACI Benefit would be paid, which is 75% of Sum Assured (subject to maximum of ₹75,00,000) minus ₹ 5,00,000 (paid earlier for Angioplasty)
      3. the remaining premiums under this policy will be waived off, while the other insurance benefits will continue
  • In case of an Accidental Total Permanent Disability, the benefit payable would be:-
    • sum assured (subject to a maximum of Rs 2 Crores) will be paid as ATPD benefit
    • the remaining premiums under this policy would be waived off, while the other insurance benefits will continue.
  • On unfortunate demise of the life assured the beneficiary would receive the following benefit 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 would be payable.
    • If ACI benefit has not been paid earlier, then, Sum Assured on Death would be paid
Shield Super

Like in cricket, wherein the player wears protective gear, in life one buys Protection as per his current & forthcoming life stage needs.

Benefit Payable

In the Shield Super variant, the benefits payable would be as follows:-

  • In case of an Accidental Total Permanent Disability, the benefit payable would be:-
    • Sum Assured (subject to a maximum of Rs 2 Crores) will be paid as ATPD benefit,
    • the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.
  • 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 ₹ crores) will be paid as ADB and the policy will terminate
  • If cause of death is not an accident, then Sum Assured on death would be paid and the policy will terminate
Shield Plus

As in cricket, the player willing to stay longer on the field must stay protected. Life insurance offers you protection against the bouncers and yorkers of life, to ensure you stay longer in the game.

In the Shield Plus variant, the benefits payable would be as follows:-

  • In case of an Accidental Total Permanent Disability (ATPD), the benefit payable would be:-
    • sum assured (subject to a maximum of ₹ 2 Crores) will be paid as ATPD benefit
    • the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.
  • On unfortunate demise of the Life Assured, the Sum Assured on death would be paid and the policy will terminate.
Shield

In the sport of life, playing a long innings is inadvertent. Cricket and life are alike...each ball equals every minute spent on the crease, each shot equals opportunities presented in LIFE and every wicket is an obstacle. To ensure a worry free life, one must use protective gear to increase your chances of playing a longer, fulfilling innings.

Benefit Payable

In the shield variant, the benefit payable would be as follows :-

  • On unfortunate demise of the life assured (the person in whose name policy has been taken), the sum assured on death would be paid and the policy shall terminate.
  • On the occurrence of an Accidental Total Permanent Disability of the Life Assured the remaining premiums under this policy would be waived off, while the other insurance benefits will continue.