Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Bajaj Allianz Term Insurance

29 reviews Rate This
Bajaj Allianz Term Insurance
Claim Settlement Ratio98.48%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For11,887 Policies
Presence759 Branches
Total Death Benefit PaidRs. 310.71 Crore

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Bajaj Allianz Term Insurance Plan List

    Name of PlanSum Assured
    iSecure Plan20 lac - 10 cr Check Premium

    About Bajaj Allianz Term Insurance

    Bajaj Allianz Term Insurance plans will protect your loved ones against uncertainties. The nominees of term life insurance plans receive a death benefit in the event of the demise of the life assured. Individuals who plan to secure the future of their dependents can buy term plans from Bajaj Allianz Life Insurance.

    Benefits of Bajaj Allianz Term Insurance Plan

    Bajaj Allianz Life Insurance is one of India's best life insurance companies. The company serves its policyholders with unique features and benefits. Here’s a list of some of the benefits of Bajaj Allianz Term Plans:

    • Hassle-Free Claim Settlement: Bajaj Allianz provides a quick and seamless claim settlement process to its policyholders. You can settle claims for your term insurance plans within a day if you provide all the documents thoroughly.
    • Enhanced Coverage: The policyholders of the Bajaj Allianz Term Plans can provide comprehensive protection to their loved ones. This means you can buy various add-ons such as a critical illness rider, a premium of waiver rider, and others with your term life insurance plans. However, the policyholders may have to pay an additional premium to buy term insurance riders.
    • Wide Network: Bajaj Allianz Life Insurance has a nationwide network. In case of any offline assistance related to claims, policy documents, renewals, and others, the policyholders can visit the branch office of the company. At present, there are over 500 branch offices of Bajaj Allianz Insurance.
    • Multiple Payout Options: A nominee or beneficiary of Bajaj Allianz Term Plans are eligible for a death benefit in case of the policyholder’s demise. Therefore, a nominee has the option to select a death benefit payout option. You can either receive the benefit in a lump sum or regularly as a monthly payout.
    • Tax Benefits: A premium paid by the policyholders against term insurance plans is tax-free under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

    Best Bajaj Allianz Term Insurance Plans 2023

    Bajaj Allianz provides a wide variety of term life insurance plans to its policyholders. The table below highlights some of the best term plans in which you can invest to secure the future needs of your loved ones.

    Term Insurance Plan

    Entry Age

    (in years)

    Maturity Age

    (in years)

    Policy Tenure

    (in years)

    Sum Assured (Min)

    Bajaj Allianz i-Secure Term Plan

    18- 60 years

    28- 70 years

    10- 30 years

    Rs. 2 lakhs- no limit

    Bajaj Allianz Life Saral Jeevan Bima

    18-65 years

    N/A- 70 years

    5 years- 40 years

    Rs. 5 lakhs- Rs. 25 lakhs

    Bajaj Allianz Life e-Touch Online Term Plan

    18- 65 years

    28- 99 years

    10- 80 years minus the entry age

    Rs. 50 lakhs- no limit

    Bajaj Allianz Smart Goal Protect Term Plan

    18- 65 years

    85 years- 99 years

    10- 85 years minus the entry age

    Rs. 50 lakh- N/A

    Process to Buy Bajaj Allianz Term Insurance Plans

    You can easily buy Bajaj Allianz Term Insurance Plans online. Here’s a step-by-step guide that you can follow:

    • Visit the official website of Bajaj Allianz Life Insurance.
    • Click on “Term Plans” under the “Term Insurance” Section.
    • Hit the “buy now” tab.
    • Fill in the required details.
    • Click the “Next” button to view a list of term life plans.
    • Select the term plan that you want to purchase.
    • Customize your plan as per your specific needs.
    • Make a premium payment online to complete the purchase.

    Documents Required to Buy Bajaj Allianz Term Insurance Plans

    Anyone who wants to buy Bajaj Allianz Term Insurance Plans will require the following documents:

    • ID proof
    • Income proof
    • Address proof
    • Recent passport-size photographs
    • Age proof

    Riders Available Under Bajaj Allianz Term Insurance Plans

    Riders are add-on benefits that term insurance companies provide to their policyholders. You can buy these riders with your base term plan to enhance its coverage. Here’s a list of some rider options available under Bajaj Allianz Term Insurance Plans:

    • Accidental Death Benefit Rider: In case of the accidental death of the policyholder, a term insurance company will pay an additional benefit along with a regular sum assured to the nominee.
    • Accidental Partial or Total Disability Rider: If the policyholder is partially or totally disabled due to an accident, this rider will provide regular income benefits to them. In simple terms, this rider will financially help you during uncertain times like total or partial disability.
    • Critical Illness Cover: This rider benefit provides financial protection against critical illnesses like cancer, kidney diseases, heart attack, and others. You can claim your critical illness cover add-on if you get diagnosed with any critical illness during the policy tenure.
    • Premium of Waiver Rider: The policyholder pays a premium in exchange for insurance cover to the policyholder. With this rider, the Bajaj Allianz Term Insurance company will waive off all the future premiums that need to be paid if the life assured dies during the policy tenure.

    Exclusions Under Bajaj Allianz Term Insurance Plans

    Bajaj Allianz Term Life Insurance Plans come with some exclusions. This includes the death of the policyholder that happened due to suicide. An insurance company will pay 80% of the premium paid by the life assured till date.

    Bajaj Allianz Term Insurance Plans Claim Settlement Process

    The Bajaj Allianz Term Insurance claim settlement process is quick and easy. The high claim settlement ratio of 99.04% of the company makes it recognized as the best-term insurance company in India. Continue reading to find out a detailed guide on how to claim Bajaj Allianz term plans.

    Documents Required To Claim Bajaj Allianz Term Insurance

    • Intimation letter
    • Death certificate
    • KYC of the nominee
    • Bank details of the nominee
    • Original policy document
    • FIR copy in case of accidental death
    • Post-mortem report (if happened)
    • Medical and other diagnosis reports

    Steps You Should Follow To Claim Bajaj Allianz Term Insurance

    • Inform Bajaj Allianz Insurance about the happening of the event.
    • Submit all the necessary documents asked by an insurance company.
    • The insurer will verify the documents that you submit. In some cases, an investigating officer might visit the hospital for verifying the information provided by you.
    • Once this process is completed, Bajaj Allianz will either settle the claim or might reject it in case of dissatisfaction.

    The policyholders of Bajaj Allianz Term Plans can contact the customer support team online or offline. For online assistance, you can visit the official website of the company. And, in case of offline customer support, you can either write to or call the toll-free number 1800209 7272.

    Popularly Opted Term Insurance Sum Assured

    Bajaj Allianz Term Insurance User Reviews

    Write your review
    What users are saying
    • All
    • I receive timely reminders for the renewal of my Bajaj Allianz Term Insurance Policy sent by the InsuarnceDekh...

      Read More
      Bajaj Allianz
      By Mumtaz Malik
      On: Jun 07, 2023
    • The application process for the Bajaj Allianz Term Insurance Policy with InsuarnceDekho was straightforward. T...

      Read More
      Bajaj Allianz
      By Kunal Rai
      On: Jun 05, 2023
    • After researching different insurance options at InsuaranceDekho, the Bajaj Allianz Term Insurance Policy stoo...

      Read More
      Bajaj Allianz
      By Malti Bhandari
      On: May 29, 2023
    • I recently purchased The Bajaj Allianz Term Insurance Policy from InsuranceDekho, and I must say it has given ...

      Read More
      Bajaj Allianz
      By Piyush Walia
      On: May 25, 2023
    • I purchased the Bajaj Allianz Term Insurance Policy from InsuranceDekho. It was a very easy task to purchase a...

      Read More
      Bajaj Allianz
      By Satish Shukla
      On: May 18, 2023

    Claim Process at Bajaj Allianz Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
    Must BuyMust Buy

    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 50 Lacs+ happy customers

    Term Insurance News

    FAQ About Bajaj Allianz Term Insurance

    • What benefits will I get if I buy term insurance?

      Some of the benefits that you get on buying term insurance include affordable premium, return of premium option, flexibility in premium payment, death benefit, flexible policy terms and more. 

    • Why should I buy term insurance from Bajaj Allianz?

      You should choose Bajaj Allianz to buy a term insurance plan to make the most of benefits like high CSR (98.02%), vast network across the country, large product variety with excellent features, prompt claim settlement and more. 

    • Can I buy a joint term insurance plan with my spouse?

      Yes! You can choose Bajaj Allianz Life Smart Protect Goal policy that will help you avail the benefit of joint cover for you and your spouse.

    • Which are some of the Bajaj Allianz term insurance plans that I can buy online?

      Life Smart Protect Goal, eTouch Online Term, and iSecure are some of the Bajaj Allianz term insurance plans that you can easily buy online. 

    • What is the toll-free number of Bajaj Allianz Life Insurance?

      Toll-free number of Bajaj Allianz Life Insurance is 1800-209-7272.

    Bajaj Allianz Term Insurance Contact Details

    Reach us for help anytime

    Latest Term Insurance Articles