Bajaj Allianz Life Insurance Benefits

Bajaj Allianz Life Insurance Company Limited is a venture that was formed after the collaboration between Bajaj Finserv Limited and Allianz SE. Bajaj Allianz Life Insurance started in the year 2001. The company strives to provide the best comprehensive budget-friendly insurance plan. Bajaj Allianz offers a wide range of insurance plans such as Term Insurance, Unit-Linked Insurance Plans, Child, Retirement, Investments, Savings and Health Insurance plans. Furthermore, to provide enhanced protection, Bajaj Allianz Life Insurance provides riders with the plans as well.

Benefits of Bajaj Allianz Life Insurance

Purchasing a Bajaj Allianz Life Insurance offers the following benefits to its customers:

• Wide Variety of Products: Bajaj Allianz Life Insurance offers a wide range of insurance products such as Term Insurance, Unit-Linked Insurance plans, Savings, Investments, Retirement, Child Insurance and Health Insurance plans. An individual can choose the insurance plan that best fits his/her budget and fulfils their insurance requirements.
• Affordable Premiums: The premiums of Bajaj Allianz Life Insurance plans are affordable. Bajaj Allianz Life strives to provide the best comprehensive budget-friendly insurance plan. Bajaj Allianz Life Insurance plans provide comprehensive life cover at a very affordable price.
• High Claim Settlement Ratio: Bajaj Allianz Life Insurance Company has featured a high claim settlement ratio of 98.02% in the FY 2019-20. The claim settlement ratio of an insurance company depicts the number of claims settled in the financial year against the total number of claims. CSR represents the loyalty of the insurance company towards its customers.
• Multiple Add-ons: Bajaj Allianz Life Insurance offers an option to enhance the insurance policy life cover by adding riders. Riders provide additional benefits in case of any financial emergency. Bajaj Allianz Life offers riders such as Critical Illness Rider, Accidental Death/Total Permanent Disability rider, Waiver of Premium rider and more.
• Excellent Customer Service: Bajaj Allianz Life offers 24x7 digital customer assistance and the insurance company has robust customer care service both online and offline. The team of experts at Bajaj Allianz is highly knowledgeable and always present to resolve customers’ queries, thereby serving in the best manner.
• Award Winning Services: Bajaj Allianz Life has been awarded with several awards. Bajaj Allianz Life was awarded with ‘Best Fraud Intelligence’ at the Annual Insurance India Summit and Awards 2020. The company has won ‘Best Digital Customer Experience Initiative’ at the Customer Fest Leadership Awards 2020. Bajaj Allianz won the ‘Best Digital Transformation Initiative’ at the BFSI Smart Tech Leadership Awards 2019.