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Bajaj Allianz Term Insurance Benefits

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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

Benefits of Bajaj Allianz Term Insurance

Term insurance offered by Bajaj Allianz Life Insurance is widely sought after. One of the key reasons is because the terms plans offered provide optimum financial protection to a policyholder’s family members in the event of an unfortunate incident. In case of the death of the policyholder, the loved ones receive financial assistance. In other words, the nominee receives the complete sum assured from Bajaj Allianz. A policyholder can extend their benefits by investing in additional riders that come at a minimal premium cost only to provide immense support at the time of need.

Bajaj Allianz Life Term Insurance Benefits

Benefits associated with Bajaj Allianz Life term insurance include:

  • Affordable Plans: Bajaj Allianz strives to provide comprehensive life cover at affordable prices that not only fulfills an individual’s insurance requirements but also fits in their budget.
  • Multiple Add-ons: Bajaj Allianz Life offers multiple add-ons also known as riders like Accidental Death Benefit, Accidental Total Permanent Disability,Critical Illness Cover and Waiver of Premium Benefit. These add-ons help in providing additional benefits.
  • Flexibility to Choose Premium Payments: The policyholder has an option to choose the premium paying term of the term insurance plans according to their convenience.
  • Tax Benefits: Some of the Bajaj Allianz Life term insurance plans offer tax benefits. Premiums paid are eligible for tax benefits under Section 80C and death benefits are also eligible for tax benefits under Section 10(10D) of the Income Tax Act.

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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 Get Quotes Now

    Bajaj Allianz Term Insurance User Reviews

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    Why to Buy Term Insurance Policy Online from InsuranceDekho

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

    Bajaj Allianz Term Insurance Contact Details

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    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.

    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.