Allianz Life Insurance in Germany

What Is Allianz Life Insurance (Allianz Lebensversicherungs)?

Allianz Lebensversicherung AG provides a variety of life insurance products (Lebensversicherung Allianz) that are designed to offer protection, long-term savings, and peace of mind. These plans not only secure your family's future in case of your untimely passing, but also help you plan for retirement, save for your children's education, or even grow your wealth tax-efficiently.

What are the Key Features of Allianz Life Insurance Plans?

Here are the key features of the Allianzlebensversicherung Plans:

What are the Types of Allianz Life Insurance in Germany?

Allianz offers a range of life insurance options under the umbrella of Allianzlebensversicherung. Some of the most popular types include:

Term Life Insurance (Risikolebensversicherung)

Term insurance is a pure risk protection plan that offers a payout to your family if you pass away during the term of the policy. It's ideal for:

• Mortgage protection

• Young families

• High-risk professionals

Endowment Life Insurance (Kapitallebensversicherung)

Kapitallebensversicherung or endowment insurance combines life insurance with savings. In this, a lump sum is paid out at maturity or upon death, whichever is earlier.

Unit-linked Life Insurance (Fondsgebundene Lebensversicherung)

ULIP or Fondsgebundene Lebensversicherung provides life cover while investing your premiums in mutual funds or ETFs. Ideal for people looking to build wealth over time.

Retirement Life Insurance (Altersvorsorge)

Retirement or Altersvorsorge are a long-term savings plan for retirement, often provided with government subsidies or tax breaks.

Why Choose Allianz Life Insurance in Germany?

Here is why you should choose Allianz Lebensversicherung or Allianz life insurance company:

How to Buy Allianz Life Insurance (Lebensversicherung Allianz)?

You can buy the Allianz Lebensversicherung in the following ways:

• Assess your insurance needs:
  Determine the type of coverage you need—whether it's for life protection, long-term savings, or retirement planning.

• Get quotes online:
  Visit Allianz’s official website or contact a certified advisor to get a quote based on your age, income, and coverage requirements.

• Compare with other providers:
  If you are an NRI, consider comparing Allianz policies with Indian life insurance plans to evaluate differences in cost, benefits, and payout options.

• Submit required documents:
  Provide necessary documents such as proof of identity, residence status, medical history, and income proof.

• Complete the health check (if needed):
  Depending on your age and the sum assured, you may be required to undergo a medical examination.

• Receive the policy:
  Once your application is reviewed and approved, your Allianz Lebensversicherung policy will be issued and activated.

Alternate Ways of Buying Term Insurance for NRI in Germany

Here are a few alternative ways for the NRIs living in Germany to secure a large life cover for their family members. Let us take a look at the benefits of buying and how to buy term insurance for NRI in Germany from India:

Benefits of Buying Term Insurance for NRI in Germany from India

Following are the benefits of buying a term insurance for NRI living in Germany from Indian insurers:

• Claim 18% GST waiver on term insurance premiums paid via NRE bank account

• Get 5% additional discount on the premiums paid in annual premium pay modes

• Receive a refund of premiums at the termination of the policy in case of survival

• Choose to delay the premium payments by 12 months with the premium holiday feature

• Get transparency in CSR and tax free claims on the standard policies

• The nominee is eligible to receive instant payout on claim intimation with the insurer

• The claim process in India will be much easier for your family residing in India rather than them having to visit your current country of residence in your absence.

• Clear your medicals online with the tele/video medicals, which eliminates the need to travel back to India

How to Buy Term Insurance for NRI from India via Policybazaar?

Here is how you can buy term life insurance for NRI in Germany via Policybazaar: 

Step 1: Visit the term insurance for NRI page of Policybazaar

Step 2: Fill in the required details like your name, gender, and contact information

Step 3: Select the right annual income, occupation type, smoking habits, and educational qualifications

Step 4: Choose the best term insurance for NRI in Germany and proceed to pay

Final Thoughts

Whether you’re a German resident, an expat, or an NRI, Allianz Lebensversicherung AG offers comprehensive and reliable life insurance options. From affordable term policies to investment-linked savings plans, Lebensversicherung Allianz products are built with security, flexibility, and long-term planning in mind. Before making a final decision, compare Allianz plans with Indian life insurance options if you're an NRI, this can help you balance cost, coverage, and financial goals effectively.