Bajaj Allianz Child Plan Premium Calculator

What is the Bajaj Allianz Child Plan Premium Calculator?

The Bajaj Allianz Child Plan Premium Calculator is an interactive online tool designed to provide customers with precise premium calculations based on individual inputs such as the child’s age, gender, future financial goals, and the policy choices selected. It takes into account key factors such as inflation and expected returns to recommend the right premium, along with a personalised insurance and investment plan tailored to your budget. This calculator eliminates guesswork, helping parents choose the most suitable child insurance plan aligned with their income and goals.

Features and Benefits of the Bajaj Allianz Child Plan Premium Calculator

• User-Friendly Interface: The calculator is easily accessible on Bajaj Allianz’s official website and mobile app, making it convenient for users to calculate premiums anytime, anywhere.

• Customized Planning: Input details like the child’s name, age, and goal amount (usually for funding education or marriage) and get premium estimates tailored to your financial capacity.

• Goal-Oriented Suggestions: The tool recommends plans that best fit your objectives based on the input data, allowing for multiple premium payment options such as yearly, half-yearly, quarterly, or monthly.

• Accurate Financial Insights: It factors in inflation and interest rates to provide a realistic estimate of the future corpus required, ensuring your savings match your child’s needs over time.

• Tax Benefits: Bajaj Allianz child plans come with tax advantages on premiums paid and maturity benefits under prevailing tax laws, enhancing the overall value of the plan.

• Reduces Paperwork: By using the online premium calculator, parents can save time and avoid multiple visits to branches, making policy selection a hassle-free experience.

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

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*Standard T & C Apply

How to Use the Bajaj Allianz Child Plan Premium Calculator?

• Visit the Official Website: Visit the Bajaj Allianz Child Plan Premium calculator page.

• Enter Child's Details: Fill in the child’s name, gender, and age.

• Set Your Financial Goals: Input the approximate cost required for the child’s education, marriage, or any other milestone and specify the time frame to reach this goal.

• Choose a Policy Plan: Based on your inputs, the calculator suggests the premium amount and sum assured along with the recommended child plan.

• Adjust as Needed: Modify your monthly income or payment term to recalculate premiums until a suitable option fits your budget.

• Finalize Purchase: Once satisfied, proceed to buy the plan as per your preference and secure your child’s future financially.

Why Should You Use the Bajaj Allianz Child Plan Premium Calculator?

• It helps remove the difficulty in financial planning by calculating the exact premium needed.

• The tool aligns premium payments with your monthly income, making it easier to commit without financial strain.

• Provides reliable and up to date plan information directly from the insurer.

• Enables parents to plan comprehensively for major life events like education and marriage while also protecting against unforeseen risks like untimely death or disability.

• Ensures better financial discipline and preparedness.

Core Benefits of Bajaj Allianz Child Insurance Plan

The Bajaj Allianz Child Insurance Plan helps parents prepare financially for key milestones like education and marriage, shielding the child's future from rising costs.

• Maturity Benefit: Provides a lump sum or installments at policy maturity, including guaranteed amounts and bonuses.

• Death Benefit: Secures the child’s future by paying the sum assured if the parent passes away.

• Accidental Disability Benefit: If the policyholder becomes permanently disabled and premiums are fully paid, maturity benefits with bonuses are payable with the child plan.

• Financial Growth: Disciplined premium payments accumulate with compounding, offering risk-free, attractive returns independent of market volatility.

• Milestone Preparation: Helps build a corpus to finance expenses like higher education abroad or marriage.

• Flexible Premiums: Premiums can be paid yearly, half-yearly, quarterly, or monthly to suit the policyholder’s income.

• Tax Benefits: Premiums, maturity, and death benefits qualify for tax relief as per current laws.*

About Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance Company Limited, a partnership between Bajaj Finserv and Allianz SE, is a leading insurer in India offering diverse insurance plans. Their robust online presence and customer-centric services have made them trusted nationwide for securing life goals.

Conclusion

The Bajaj Allianz Child Plan Premium Calculator is an invaluable resource for parents aiming to create a financially secure future for their children. With its customizable inputs, easy accessibility, and precise guidance, the calculator enables informed decisions while simplifying the complexities of insurance planning. Utilizing this tool empowers parents to invest wisely and ensure that their child's education and life milestones are well-funded without compromising on other financial responsibilities.