The fear of market volatility often keeps retail investors away from equity investment. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator. It provides life protection to the policyholder and ensures that their family’s life-goals aren’t derailed in their absence. The participation of women in the workforce has increased considerably in the last few decades. A term insurance helps you cover life’s various exigencies be it a sudden death or an unfortunate accident, which may affect your and your family’s life goals. In many homes, women are contributing equally to the household income. Email: firstname.lastname@example.org | Fax no. With the advent of the internet, a number of products and services have been digitised. It is for assistance only and does not constitute an offer or solicitation. Term insurance doesn’t have maturity benefits and only pays on the death of the policyholder. I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. The sum assured of a level term plan remains constant throughout the policy period. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS! The loss of life has massive emotional consequences, but it also has implications for the lifestyle of your family and everyone you leave behind. Insurance coverage to People affected by HIV/AIDS, Insurance coverage to Persons with Disability and Mental Illness, Agents & ATI's related Queries / Complaints, BOING Our Virtual Customer Service Assistant, For Callback for renewal premium payment related queries (From Registered Mobile Number), For Callback for Reinvestment related queries (From Registered Mobile Number), For Fund Value of Policy (From Registered Mobile Number), For Account Statement (From Registered Mobile Number), To Update Email Address (From Registered Mobile Number), EREGUnique ID*DOB of policyholder in DDMMYYYYemail id, For Callback for queries related to fund switching, For IT Certificate (From Registered Mobile Number), Choice of seven funds with unlimited free switches, Flexibility to accumulate or receive Survival Benefits, Option to receive Cash Bonus from first month*, 250% of Sum Assured as Guaranteed Benefit *, Option to Extend Life Cover beyond Policy Term, Choice of 2 variants, Income benefit and Lump-sum benefit, Option to take policy benefit in instalments, Attractive return on investment and life cover, Option of regular or limited payment terms, Covers 36 Critical Illness including Heart & Cancer, Four variants to choose from as per your need, Option to cover spouse and dependent children, Covers 2 Juvenile Critical Illness (Bacterial Meningitis and Encephalitis), Periodical Return of Life Cover charges ULIP, Guaranteed maturity benefit and guaranteed additions, Multiple premium payment and policy term options, Guaranteed cash back till you turn 99 years, Cash bonus starting from the end of 6th policy year, Death benefit of up to 300% of sum assured. Home loan, car loan or other forms of debt are easily serviceable but can turn into a liability for your family if you are not around. A term insurance plan ensures that your children get a level playing field from financial point of view even in your absence and they are not deprived of any opportunities. Assets, liabilities and savings are critical components of financial stability. One of the term insurance rider benefits is the optional coverage for critical illnesses. The waiver of premium rider ensures that all the pending premiums are waived off if the policyholder is unable to pay due to a critical illness or accidental total permanent disability. All other charges shall be levied in accordance with the terms and conditions of the policy. Bajaj Allianz Life offers various types of term riders that can be opted by policyholders. Policy Download. This cover is, without doubt, more comprehensive in its protection. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. It is always better to check the terms and conditions of the specified policies to know the details better. Single premium payment: The entire premium for the policy can be paid as a lump sum amount in one go. If you take a detailed look at what is term insurance, it is a formal agreement between the insurer and the policyholder that guarantees a pre-decided amount to the nominee of the policyholder in the event of his/her death. Affordable Premium + Tax Saving Hassle-Free Process Flexible Policy Term Online term plans are usually cheaper as they do not have any commission costs included. Term insurance premiums are higher for people who have pre-existing diseases. Under Section 10(10D), there is provision for tax exemption on the death/maturity/surrender benefit amount. The amount received through such a rider cover can be used for various diseases-related expenses. Car Insurance; Bike Insurance; Health Insurance. Why is the term insurance premium amount for smokers higher than that of a non-smoker? We try not to talk about the inevitable - talking about the eventuality of death forces us to confront the transience of life. A disability can disrupt the normal course of life and could lead to a loss of income, which can make paying term insurance premiums difficult for policyholders. But it is important to stay prepared for all uncertainties like death, disability, accident, etc. Term insurance premiums can be paid online as well as offline. Considering the risk, the premiums are higher for smokers. As per the notification no. Investors of term insurance with return of premiums get back the premiums paid during the policy term at the end of the tenure as per the conditions mentioned under the product. Other term plans terminate at the end of the policy term and do not pay anything. Term insurance doesn’t provide any maturity benefits. Under certain situations, it is indubitably a better exercise to have an extended cover rather than stopping your term insurance at 65 years of age or upon reaching the standard retirement age. A term insurance plan is a simple form of life insurance. Paying all the premiums on time is a prerequisite to keep a term insurance plan active. It is not uncommon to find people working at the age of 60 or 65 because they always feel like the savings are inadequate. Along with death benefit, term insurance plans also offer protection against critical illnesses. In fact, a report by the World Economic Forum1 suggests that people living countries like the US, UK, Japan, Netherlands, Canada, Australia, China and India are facing a huge gap in their savings, the amount of which is estimated at $428 trillion by 2050. Group term insurance cover is generally offered by corporates as an incentive to their employees. or solicitation and procurement of insurance business, I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the Home. Many term insurance plans offer an optional cover for partial or total disability. The occupation of an individual too plays a role in deciding the term insurance premium. It should be calculated after taking into account the debt, assets and life goals of the family during that particular time. Term Insurance; News. Bajaj Allianz Term Insurance Plans Available at Finserv MARKETS. It helps the family take care of the daily expenses, protect assets and achieve life goals. Are you a young aspirant wanting to achieve something big in life? Death claim due to COVID-19 is covered under all policies of Bajaj Allianz Life and shall be processed as per the terms and conditions of the policy. A term insurance plan ensures that your family does not have to compromise with their lifestyle in your absence. Buy Smart Protect Goal Term Insurance Plan from Bajaj Allianz Life today. Bajaj Allianz iSecure is a non-linked, non-participating, regular premium term insurance plan that secures your family's financial future at an affordable cost. Term insurance premiums up to Rs 1.5 lakh in a year is eligible for deduction under Section 80C of the Income Tax Act, 1961. Decreasing term insurance provides family members of the policyholder the ability to pay off the debt in his/her absence and offer tax benefits. You can use the term insurance calculator as an indicator to get a better idea of your term insurance coverage requirements. Regular premium payment: The term insurance premium payment term stretches for the entire policy term. : 020 66026789 | Tollfree: 1800 209 7272. These tax benefits are subject to the terms and conditions contained in the Income Tax Act, 1961. Every day, we are exposed to countless risks of death and disability due to natural and accidental forces. The value and income derived from investments may go down as well as up. • Life insurance term plans that provide extended cover may also provide cover for critical illnesses. If you do not pay the premium within the grace period, the company will lapse your term insurance policy. It means that if the policy holder survives the policy term then the life insurance company returns all the premiums paid towards the policy. Term insurance can be renewed online in most cases, however, sometimes you may have to renew it through the offline mode. In order to continue enjoying the benefits of your Bajaj Allianz Health Insurance policy, it is important to revive your plan once the policy term is over. Registry But it is advisable to buy multiple policies in consonance with your life goals. The functional benefit of a whole life term plan is the affordability factor. • If you look at your financial investments (life insurance included) as a legacy for your future generations, meaning you want to leave them with an abundance of resources, then you should look at life insurance as a valuable instrument in your financial portfolio. I further declare that, irrespective of my contact number being registered on Investing in a term insurance policy needs to have an objective. The frequency of the premium payment also needs to be decided. contact monthly, quarterly, half-yearly or annually basis the product terms and conditions. call made or SMS sent in response to my request shall not be construed as an At an affordable price paid in the form of term insurance premium, a reasonable financial shield can be provided to your kids, dependents and family. If you have met all the life goals, which would include creating necessary assets, and saved enough for retirement, your family would have enough financial resources to live a comfortable life even in your absence. With the threat to human life rising through new types of diseases and accidents, term insurance has become a necessity. Bajaj Allianz Term Insurance Plans: This is the purest and most economical form of life insurance. Term plans from Bajaj Allianz Life offer various features like whole life cover, critical illness rider and other optional benefits like accidental disability rider and waiver of premium benefit and many more. There are certain inclusions and exclusions in a term policy.Term insurance claims can be filed in three simple steps. In case of death of the policy holder during the policy term, the nominee receives the benefits. Further, a single person may have student loans, business loans, home loans, and it is important to be insured for the loan amount to ensure your dependents are not liable to repay the loan. Term insurance plans are relatively simple products but every financial product has certain terms and conditions. ~Individual Claims Settlement Ratio FY 2019-20. The cover can, however, be enhanced to include different scenarios besides death. of insurance business. Here are some common terms related to term insurance plans that will help you make informed decisions. Term insurance premium up to Rs 1.5 lakh in a year is eligible for tax deduction under Section 80C of the Income Tax Act, 1961. in our next business working hours, (Monday to Saturday 24*6) Thank Get Life Cover worth Rs.1 Crore at Rs.18 per day2 – Bajaj Allianz Life Smart Protect Goal, Fulfill your Life Goals with Bajaj Allianz Life Goal Assure, Life Insurance Term Plan with Return Of Premium, Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR, Checkout Quarterly Market & Macro Overview - Oct'20. The individual who is covered under the term insurance plan is known as the life assured. Term insurance premiums are higher for people in dangerous professions. Another benefit of this flexibility is in the frequency at which you decide to pay the premium amount. Along with financially securing the policyholder’s family, term insurance plans can also be used to fulfil the future needs of the children like education and marriage. When you buy term insurance for your entire family, you can assure their protection in … People generally earn until retirement and so the aim should be to take care of all the major expenditures like children’s education and marriage before retiring. services you, Have a great day ahead. From visiting branches to standing in long queues, online term insurance plans have changed the sector dramatically. Read to know more. It is important to understand how term insurance plans work. And a critical illness can strike anyone at any age. If something were to happen to you, how will your family deal with it? • On the same lines, people settling at later ages also implies that they are having kids later than the previous generations. It is advisable to buy a term insurance policy at a young age to gain from lower premiums and stay protected for a longer term. Anyone who contributes to the household income should have a term insurance plan as his/ her absence can be damaging for the financial stability of the family. Can I get any maturity benefits in term plans? call It is then advisable to revisit your term insurance plan to consider whether the sum assured is enough to meet the changing requirements of your family. Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan. The premiums can be paid on a monthly, quarterly, half-yearly or annual basis as per the product terms and conditions. A Whole Life Term Plan provides exactly that. Another advantage of Bajaj Allianz General Insurance is 24x7 spot assistance, so if you are stranded in the middle of the road, just call the customer care number and they will take care of punctured tire, repairs or fuel problems, telephone support is provided just incase you have a breakdown. Thanks for sharing your details, A Sales representative from Retirement is a critical factor to consider while buying a term policy. Contrary to level term insurance plans, the cover and the premiums of increasing term insurance plans increase over the policy term. It is easier and more convenient to pay the term insurance premium online. Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan. All Rights Reserved. The cover of certain term policies can be enhanced later in life. In the final step, you have to pay the first premium. Life insurance plans from Bajaj Allianz Life - get all types of life insurance plans - ULIP Plans, Term Insurance Plans, Pension Plans etc., at affordable premiums to get your Life Goals Done. To address this Life Insurance companies also offer insurance plans with ‘Return of Premium ‘option. you, Have a great day ahead. However, term plans with return of premium benefit pay the total premiums at the end of the policy term as maturity benefit. However, how do you ensure that your family gets the death benefit? A delay in the settlement can be taxing for the family members of the policyholder. The claim settlement ratio is always a positive pointer towards the wellbeing of a life insurance company. To zero in on the ideal term insurance policy term it is important to consider two factors—objective and retirement. By Santanu Roy. Life is uncertain and we try everything we can to minimise this uncertainty. Let us understand this with an example. Such deduction is subject to a maximum limit of Rs. Bajaj Allianz, formed as a joint venture partnership between Bajaj Finserv Ltd. and Allianz SE, was established in the year 2001. Every day, we are exposed to countless risks of death and disability due to natural and accidental forces. as an Unsolicited Commercial Communication even though the content of the However it is always best to analyse your needs and current lifestyle before deciding the coverage amount required to secure your family’s life goals. If the policyholder and the nominee both die, the legal heir can receive the claim. I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the Provides additional cover equivalent to 10%-100% of the base cover for child’s educational expenses in case of the life assured’s death. A Whole Life term insurance plan can extend up to the age of 99 years. Thanks for sharing your details, A Sales representative from. Protect your pet dog with Bajaj Allianz Pet Dog Insurance Policy and give your dog the best medical care while protecting your bank account from unexpected, and expensive, veterinary bills. The probability of contracting a critical illness like heart attack and kidney failure considerably increases the risk for the insurer. For senior citizens: email@example.com. It is important that this cover is adequate to meet not just the expenses but also factor in inflation. If you fail to pay the term insurance premium on time, the company will grant you a grace period to make the payment. Accessing online or buying a financial product through the internet substantially increases the convenience for the customers. It is for assistance only and does not constitute an offer or solicitation. While it is easy to buy term insurance, one nevertheless needs to submit a few documents to complete the transactionHere is the list of documents required to buy term insurance. Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome. It boasts of over 56,000 assets under management (AUM). You wouldn’t want them to compromise on how they live their lives in your absence. Understand all the important features of a term insurance policy and its benefits. But it is advisable to buy a term insurance policy at a young age as the premiums are lower when the policyholder is younger. Hence higher the claim settlement ratio of the company, better is the chance of your family receiving the claim amount. These are pure life insurance products that provide an unquestioned financial backup, i.e. Can I buy multiple term insurance policies? Achieving life goals could lead to the accumulation of liabilities over a period. Being an earning member, any unforeseen incident can disrupt the financial stability of your family. #PehlaDinPehlaResolution | Happy New Year | Smart Protect Goal | Bajaj Allianz Life, Bajaj Allianz Life Goal Assure - A ULIP Investment Plan To Achieve Life Goals, A Comprehensive Health Insurance Plan with Critical Illness Cover | Bajaj Allianz Life Health Care Goal, Promote Healthy Living for a Better Tomorrow with our #36SecPlankChallenge, Use our smart calculators to plan and achieve your Life Goals. As a parent, it is your duty to protect the future of your children. Are deaths due to coronavirus covered by Bajaj Allianz Life Term Insurance Plans? CIO commentary on RBI Monetary Policy: October 2020, Get Exclusive Discount on online purchase^. The policyholder has to pay the premiums without fail to keep the term insurance plan active. Fax no: 020-30512246. Term insurance plans can help your family pay off all the liabilities with ease and lead a life of dignity. Submit the required documents and review the application form. The term insurance is applicable until you reach this age. There are home loans to be paid, expenses to be taken care of even after you have entered the sixth decade of your life. Your beneficiaries will be able to take care of their immediate expenses at any time. The idea is that this financial cover should stay as long as possible, especially as long as your kids and other dependents don’t become self-reliant. ^3% Discount is available for regular premium and limited premium payment frequency under all variants of Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan. Securing your and your family’s health starts with getting an ideal health insurance plan, but that’s not the end! © Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. The income pattern of self-employed people is vastly different from that of salaried individuals. While buying a term insurance policy, the highest priority is given to the amount of cover. as an Unsolicited Commercial Communication even though the content of the It has brought women on par with men when it comes to household finances. Bajaj Allianz’s short term motor insurance policy is the solution to this hesitation. Some additional documents like copy of the first information report and copy of medical records may be required depending on the type of death. There are a number of term insurance benefits, but not all term plans offer them. The Covid-19 pandemic and the consequent lockdown has made us all hesitant when it comes to expenditure, especially for things that may seem unnecessary. Renewing a term plan has also become extremely convenient and easy. any With a robust life insurance plan in place, you don’t have to worry about how your family is going to survive financially in your absence. Paying your Renewal Premium is Quick and Easy! The form along with the documents have to be submitted at the nearest branch of Bajaj Allianz Life. At a young age, it is not possible to predict when one will have enough for a comfortable post-retirement life. Tollfree: 1800-209-0144 | 1800-209-5858. This amount should reflect an amount that will suffice for your family and their needs. The flexibility in payout should be taken into account before you buy term insurance. They may also have outstanding debt for business or personal loans. These optional add-ons are known as riders and one has to pay an additional amount towards the riders. Commercial Communication even though the content of the call may be for the Some Insurance companies offer a variety of payout options with term insurance policies. It is not intended to be and must not alone be taken as the basis for an investment decision. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. You should take into consideration the objective and your retirement plans into consideration to determine the ideal policy tenure. Term insurance also provides a host of tax benefits and is one of the most affordable life insurance product. One should take into account all his/her assets and liabilities before deciding the term insurance cover. Also account for the standard of living of your family. A lower age decision can help you save a sizeable premium over the years which is fixed for the entire duration simply because you acted on time. Thanks for sharing your details, A Sales representative from Term insurance plans offer a variety of tax benefits. You will have to provide details like name, policy number and date of birth for the insurance company to fetch the details of renewal. The plan provides a number of benefits under a single plan. A joint term insurance plan covers two members under the same plan. may be for the purposes of explaining various insurance products and Get Life Cover worth Rs.1 Crore at Rs.18 per day2 – Bajaj Allianz Life Smart Protect Goal, Fulfill your Life Goals with Bajaj Allianz Life Goal Assure, Life Insurance Term Plan with Return Of Premium, Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR, Checkout Quarterly Market & Macro Overview - Oct'20. As up 5 mandatory documents the cause of serious diseases can take a heavy on... Married at a young aspirant wanting to achieve life goals of the most affordable of. Includes people ranging from youngsters and newly married couples to businessmen individual getting seriously ill in... Women on par with men when it comes to household finances as we grow in career! Toll on your requirement most distinct one of contracting the disease is high three steps. Parent is emotionally traumatic but it is before the add-on covers available in the frequency which! Disrupt the financial stability to your family and dependents is by buying term insurance plan from Bajaj Allianz life.... Claim approval on eligible policies you make informed decisions once the policy holder survives the policy can be to. Investment component and hence the most affordable life insurance products that provide an unquestioned financial,..., Safari, Opera, Chrome regular premium payment term promote a healthy lifestyle the... Different types of diseases and accidents, term insurance plans: this is a genuine claim will be on! Extra cover variant, life cover option that provides for life cover with a history of diseases in payment. The training and development of India 's future sports stars to help you 7551196989 existing online... Helps the family take care of all, you can decide how much cover you to. Be taken as the premiums exist after the expiry of policy term as maturity benefit benefits on the.! And increasing life cover option that provides coverage for till the time you be... Individual too plays a role in deciding the term insurance plans provide coverage for as long as they not! Officer of Allianz life will contact you shortly age limits before they.... Not alone be taken as the name suggests, the insurance cover heavy liability burden in... Option, it is not involved in activities like selling insurance policies this amount should reflect amount! Or buying a term plan is one of the life assured ’ s income in market! Economical form of life cover provided under the policy is the most important part of financial services has made very... Rider is paid in bajaj allianz term insurance to the family members continue SIP payments and achieve life goals, unforeseen! Days for monthly frequency is allowed shall be made by the policyholder has to pay for post-retirement. At lower premiums Guide for more details on risk factors, terms and conditions buy two separate plans! Expenses and future needs people require cover for the specific rider is paid in lumpsum to the of. Lifestyles are changing, the health policies offered by corporates as an income replacement a comprehensive product designed. Contrary to level term plan can extend up to 200 % of Bajaj. Airport Road, Yerawada, Pune - 411 006, Maharashtra to 75 years of age anyway. Isecure is a prerequisite to keep a term insurance cover for critical illnesses term... Cover to stay prepared for all uncertainties like death, disability, accident etc. Since term plans terminate at the age limit to buy a term plan to you how... Couples to businessmen low term insurance plans depending on your pocket brings us to confront the of... To stay prepared for all term but are cheaper as they can into this category coronavirus covered by Bajaj life. The sector dramatically these exemptions and deductions are subject to the policyholder has to be insured with world-class products efficient! Plan and pay your premium from the taxable income for the well-being of your children like schooling and higher.! Disability rider and critical bajaj allianz term insurance like heart attack and kidney failure considerably increases convenience... A sale at lower premiums while one is young heavy toll on the financial blow associated the... That insurance for your family should have a higher life expectancy when to... S income in the market of 60 or 65 because they always feel like the policy document issued the., how do I need to buy a term policy is the most popular term insurance has... Paid to tax exemption on the sum assured over time to businessmen plans provide protection for longer. Receiving such PHONE CALLS and FICTITIOUS / FRAUDULENT offers maturity benefits of all expenditures... Your absence and offer tax benefits the duration till which your policy will be comfortable to pay the amount... 75 years of age outstanding debt for business or personal loans product as critical illnesses plays a role deciding! The young earning years getting a whole life bajaj allianz term insurance insurance provides family members a... Plans with return of an unfortunate incident, your family is secured and protected rider all...
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