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Bajaj Allianz Life Insurance Claim Settlement

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Claim Settlement of Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance Company follows a quick and hassle-free claim settlement. The insurance company has featured a high claim settlement ratio of 98.48% in the FY 2021-20. Bajaj Allianz Life Insurance Company ensures that the claims are approved in just 1 after receiving the claim intimation in case the investigation is not required. Bajaj Allianz Life Insurance Company ensures complete transparency to avoid any possible deceit. The nominee/claimant can request for a claim by visiting the Bajaj Allianz Life Insurance branch.

  • How To Make Claim

    Bajaj Allianz Life Insurance Claim Settlement Process

    The claimant can request and submit the claim at any Bajaj Allianz Life branch office. Bajaj Allianz Life follows a simple three step claim settlement process. The nominee/claimant can generate and download the claim intimation form from the Bajaj Allianz Life website. The claim settlement process for Bajaj Allianz Life insurance plans is as follows:

    Step 1: Claim Reporting

    The nominee/claimant is required to fill a form online on the Bajaj Allianz Life website and download it. Along with the form the nominee/claimant is required to attach the required documents and submit the form and documents at any nearest Bajaj Allianz Life Insurance branch.

    Step 2: Claim Processing

    This stage involves assessment of the provided claim documents to avoid any possibility of deceit and to make sure that if any additional documents are required they are submitted immediately.

    Step 3: Claim Settlement

    After collecting the required documents and assessing the claim, the claim benefit amount is paid out to the nominee/claimant after a careful examination of the claim.

  • Documents Required

    Documents Required for Bajaj Allianz Life Insurance Claims

    Following is the list of documents required for Bajaj Allianz Life Insurance Claims:

    Type of Claim

    Documents Required

    Natural Death
    • Original Policy Document
    • Copy/Original Death Certificate issued by local authority
    • Claim Intimation Form
    • Claimant’s Photo ID Proof
    • Claimant’s Address Proof
    • Bank Details such as Copy of Cancelled Cheque/Copy of Bank Statement/ Copy of Bank Passbook.
    • Copy of All Medical Reports such as test reports, discharge summary or death summary.
    • Attending Physician’s Statement Form

    Accidental/Unnatural Death
    • All the natural death claim documents
    • Copy of FIR/Punchnama
    • Copy of Post Mortem Report

    Critical Illness Claim
    • All the documents mentioned in natural death claim
    • Hospital Bills
    • Critical Illness Claim Form

    Disability/Hospitalization Claim
    • All the mentioned documents in natural death claim
    • Attested Medical Records
    • Disability Benefit Claim Form
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User Reviews

4.7
Rating based on
56 User reviews
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What users are saying
  • All
  • Easy Process & Supportive team

    Just got my Bajaj Allianz Life Insurance with the help of InsuranceDekho. The team helped me during the whole process and made sure that the details were correct. Highly recommend Insurancedekho to everyone.

    Read More

    V
    Bajaj Allianz
    By Vinita Bansal
    On: Mar 04, 2024
  • Best Insurance Company

    It was nice purchasing a Life insurance policy from InsuranceDekho. The customer care executives of the InsuranceDekho company were friendly and helpful. The company's services made my purchase of the Bajaj Allianz Life Insurance Plan smoother and more convenient. Thankyou InsuranceDekho!

    Read More

    A
    Bajaj Allianz
    By Arpit Kumar
    On: Feb 07, 2024
  • Best Life Insurance Plan

    On searching several life plans, I found the Bajaj Allianz Life Insurance plan on InsuranceDekho. After Purchasing it and using it for many years, I can say that Bajaj Allianz life insurance is one of the best life plans.

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    N
    Bajaj Allianz
    By Naveen Kumar
    On: Dec 11, 2023
  • Excellent Customer Service

    When I had questions about my Bajaj Allianz Insurance Policy, the customer service team at InsuranceDekho was there to provide prompt and helpful assistance. They explained all the policy details in a way that was easy to understand. It's reassuring to know that I'm not just a policyholder but also a valued customer.

    Read More

    M
    Bajaj Allianz
    By Mannat Dora
    On: Oct 16, 2023
  • Quick and Efficient Service

    The InsuranceDekho team made buying life insurance a breeze. They explained all the options clearly and helped me choose the Bajaj Allianz Insurance Policy which turned out to be the best and right policy. The whole process was quick and efficient.

    Read More

    H
    Bajaj Allianz
    By Hitesh Abrol
    On: Sep 21, 2023
View All Bajaj Allianz Life Insurance Reviews

Claim Process at Bajaj Allianz Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • Does Bajaj Allianz Life Insurance plans cover death due to COVID-19?

    Yes, Bajaj Allianz Life Insurance plans cover death caused by COVID-19. The plans offered by Bajaj Allianz Life Insurance also cover hospitalization expenses that take place while COVID-19 treatment. 

  • Can I submit the claim documents online ?

    No, the claimant has to submit the claim form and required documents at any Bajaj Allianz Life Insurance branch only.

  • How much time does Bajaj Allianz Life Insurance take to settle a claim?

    Bajaj Allianz Life Insurance takes 30 days to deliver the claim decision. If the claim requires any type of investigation it may take 120 days for the claim to be settled.

  • How will I receive the claim payout ?

    The claimant will receive the claim payout through electronic funds transfer and will directly be transferred to the claimant’s bank account.

  • What is the right time within which the claim has to be reported?

    The claim should be reported by the earliest for smooth processing of the claim.

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