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Bajaj Allianz Term Insurance Claim Settlement

42 reviews Rate This
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

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

Best Bajaj Allianz Term Insurance Plans

1 Crore
1.5 Crore
    Tax Free
    1 Cr
Starting From 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
See More Plans

Claim Settlement of Bajaj Allianz Term Insurance

Bajaj Allianz Life Insurance Company has a simple and fast claim settlement process. The insurance company has featured a high claim settlement ratio of 98.02% in the FY 2019-20. Bajaj Allianz Life Insurance Company strives to approve all the claims one day after receiving the claim intimation, if the claim does not require any kind of investigation.

  • How To Make Claim

    Bajaj Allianz Life Term Insurance Claim Settlement Process

    The claimant can request for the claim and submit it at any branch office of Bajaj Allianz Life. The nominee or claimant can visit the website of Bajaj Allianz Life to generate and download their claim intimation form. Bajaj Allianz Life term insurance claim settlement process is hassle-free.

    The process is as follows:

    Step 1: Claim Reporting

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

    Step 2: Claim Processing

    At this stage the claim documents are assessed to avoid any possibility of deceit and to make sure that if any additional documents are needed they are submitted immediately.

    Step 3: Claim Settlement

    Once the required documents are collected and claims are assessed, 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 Term Insurance Claims

    Following is the list of documents required for Bajaj Allianz Life term insurance claims:

    • 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 like Copy of Cancelled Cheque/Bank Statement/ Bank Passbook
    • Copy of all medical reports like test reports, discharge summary or death summary.
    • Attending Physician’s Statement Form
    • Copy of FIR/Punchnama/Post Mortem Report

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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.

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