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Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance is one of India’s top insurance companies, offering various plans to meet different needs. It started in August 2001 as a partnership between Bajaj Finserv Limited and Allianz SE.

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With 544 branches and over 153,990 agents across the country, along with strong ties to banks like AXIS, Bandhan, and IDFC First, Bajaj Allianz makes it easy for customers to find the right coverage. Their insurance plans are designed to protect families and ensure a secure future, helping to safeguard against life’s uncertainties. With a focus on customer care, Bajaj Allianz aims to provide peace of mind for you and your loved ones.

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About Bajaj Allianz Life Insurance

Bajaj Allianz Limited is a partnership between Bajaj Finance Limited and Allianz SE. It's a renowned name in the insurance industry, providing a variety of life and general insurance products along with outstanding service and post-sales assistance. Bajaj Allianz Life Insurance offers a broad range of affordable insurance solutions tailored to individual requirements.

Let’s learn more about the Bajaj Life Insurance policy offered by the company.

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Key Highlights Of Bajaj Allianz Life Insurance Company

Claim Settlement Ratio (F.Y. 2023-24) 99.23%
Solvency Ratio (F.Y. 2023-24) 432%
Number of Lives Covered 4.19 Crore
Assets Under Management 1,16,966 Crore

Why Should You Buy Bajaj Allianz Life Insurance Plans?

Below are the reasons why you should consider buying a Bajaj Life Insurance policy:

  • Financial Protection: Bajaj Allianz Life Insurance offers pure life insurance coverage to protect you and your loved ones in case of unexpected events like illness, disability, or death.

  • Wealth Creation: In addition to pure life insurance cover, Bajaj Allianz also provides wealth creation benefits that allow you and your family to fulfill all your financial goals in the long run.

  • Flexible Death Benefit Payout Mode: You can receive the maturity benefit of your Bajaj Life Insurance policy as a lump sum payment or in installments, depending on what suits you best.

  • Affordable Premiums: Bajaj Allianz Life Insurance offers comprehensive plans, such as term life insurance plans, at very affordable premium rates so you can financially secure your family without any hassle.

  • High Claim Settlement Ratio (CSR): Bajaj Allianz Life Insurance has one of the country's highest CSRs among all insurers. This implies that the insurer was able to settle a very high number of claims in that year.

  • Tax Benefits: Buying a Bajaj Life Insurance policy can also provide you with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. Therefore, you can not only secure your financial future but also enjoy the tax benefits, making Bajaj Allianz Life Insurance a smart choice for your insurance needs.

What Are The Various Life Insurance Policies Offered By Bajaj Allianz Life Insurance?

The various life insurance policies in multiple segments offered by Bajaj Allianz Life Insurance are as follows: 

  • Term Insurance Plans

  • ULIP Plans

  • Savings Plans

  • Investment Plans

  • Retirement Plans

  • Child Plans

What Are The Bajaj Allianz Life Insurance Plans?

Below mentioned are the Bajaj Life Insurance Policy:

Bajaj Allianz Term Insurance Plans

Bajaj Allianz Term Insurance Plan offers financial security and protection for your loved ones through affordable premiums and customisable life insurance coverage options. You can use a term insurance premium calculator to check the applicable Bajaj term insurance premiums for your profile. Below mentioned are the Bajaj Allianz Term Insurance plans:

Bajaj Life Insurance Policy Entry Age Maturity Age Sum Assured
Bajaj Allianz eTouch II 18 to 55 years 28 to 99 years Rs. 50 Lakhs to 10 Crores
Bajaj Allianz iSecure 18 to 65 years 28 to 85 years Rs. 25 to 50 Lakhs
Bajaj Allianz Saral Jeevan Bima 18 to 65 years 70 years Rs. 5 to 25 Lakhs
  1. Bajaj Allianz eTouch II

    • Protection against death, terminal illness, and disability

    • Choose from 3 premium payment terms

    • Free benefits up to ₹31,000 per year

    • Option to pause premiums for 1, 2, or 3 years

    • Tax benefits up to ₹46,800

    • You can exit the Bajaj Allianz Life eTouch Online Term Plan between ages 60 and 64 (minimum policy term is 68 years) and benefit from No Cost Term Insurance.

  2. Bajaj Allianz iSecure

    • Cost-effective level term cover, particularly for larger sum assured.

    • Enjoy special premium rates as a non-smoker with a healthy lifestyle, if applicable.

    • Get extra benefits from attractive rebates to select a higher sum assured.

    • There is the flexibility to choose your policy term and alter premium payment frequency.

    • Add your spouse to the policy and secure them for the future.

    • Opt for installment payments to meet recurring expenses for your loved ones.

  3. Bajaj Allianz Saral Jeevan Bima

    • Get coverage for accidental death after a waiting period of only 45 days from the start date.

    • If the policyholder dies during the waiting period for any reason other than an accident, only the premiums received (excluding taxes) will be paid, and the sum assured will not be given.

    • Lump sum death benefits for accidents during or after the waiting period.

    • Policy lapses if premium is unpaid after the grace period, except for policy cancellation value.

    • Policy lapses if the premium is unpaid after the grace period, except for policy cancellation value.

    • Policy cancellation value is applicable for certain conditions and timings.

    • Flexibility to change premium payment frequency on policy anniversaries.

*Note: It is suggested that you first know what is term insurance and what its key features are before you buy term plan from Bajaj Allianz Life Insurance.

Bajaj Allianz ULIP Plans

Bajaj Allianz ULIP Plans provide a combination of investment and insurance, allowing you to grow your wealth while securing your family's future. Below mentioned are the Bajaj Allianz ULIP plans that help you provide life insurance cover:

Bajaj Life Insurance Policy Entry Age Maturity Age Policy Term
Bajaj Allianz Invest Protect Goal 18 - 60 years 100 years 20 - 40 years
Bajaj Allianz Goal Assure II 0 - 60 years 75 years 5, 10, 15, 20 years
Bajaj Allianz Smart Wealth Goal III 0 - 60 years 99 years 10 - 60 years
Bajaj Allianz Future Gain II 1 - 60 years 70 years 10 - 30 years
Bajaj Allianz Goal-Based Saving II 0 to 60 years 75 years 10, 15, 20 years
  1. Bajaj Allianz Invest Protect Goal ULIP Plan

    • Loyalty Advantage: Reward for regular premium payments with extra units at specific policy years.

    • Return of Premium Allocation Charge: Charges added back after 10th policy year for regular/limited premiums.

    • Return of Mortality Charge: Mortality charges returned during the policy term.

    • Fund Maintenance Booster (FMB): FMB added to Regular Premium Fund Value if Total Fund Value falls below one Annualized Premium from 4th policy year.

    • Death Benefit: Paid upon policyholder's death - Sum Assured, Total Fund Value, or Guaranteed Benefit.

    • Maturity Benefit: Paid if policyholder survives until maturity date - Total Fund Value at that time.

  2. Bajaj Allianz Goal Assure II ULIP Plan

    • Death Benefit: Lump sum payout upon policyholder's death - Higher of Sum Assured% or Fund Value.

    • Return of Mortality Charge (ROMC): Total mortality charges deducted added back at policy term end.

    • Fund Booster: Added to Regular Premium Fund Value at maturity, subject to all premiums paid.

    • Loyalty Additions: From 6th year onwards, Loyalty Additions to Regular Premium Fund Value.

    • Surrender Benefit: Option to surrender policy anytime.

    • Portfolio Strategies: The plan offers four unique portfolio strategies that you can choose from when starting your policy:

      • Investor Selectable Portfolio Strategy

      • Wheel of Life Portfolio Strategy

      • Trigger Based Portfolio Strategy

      • Auto Transfer Portfolio Strategy

  3. Bajaj Allianz Smart Wealth Goal III ULIP Plan

    • Loyalty Benefits with Periodical Money Backs:

      • Fund Boosters

      • Return of Allocation Charge (ROAC)

    • Return of Mortality Charge (ROMC)

    • Option to receive Maturity Benefit or Death Benefit in installments with Return Enhancer

    • Choice of five (5) investment portfolio strategies

    • Choice of thirteen (13) Funds

    • Option to reduce the Premium

    • Option to increase Premium paying term

    • Tax benefits may apply as per prevailing tax laws

  4. Bajaj Allianz Future Gain II ULIP Plan

    • Max premium allocation: Maximize investment growth with a significant portion of payment.

    • 2 investment strategies: Choose from 2 approaches with unique risks.

    • 15 funds to invest: Pick from 15 funds with various objectives and risks.

    • Partial withdrawals allowed: Withdraw from funds for emergencies.

    • Top-up premiums: Add extra premiums for more savings and coverage.

  5. Bajaj Allianz Goal Based Saving II

    • Return of Mortality Charges at Maturity (ROMC): For Regular/Limited Premium policies.

    • Settlement Option with Return Enhancer: Choose this option for added benefits.

    • Partial Withdrawals: Access funds through partial withdrawals.

    • Top-Up Premium: Option to pay additional premiums.

    • Premium Reduction: Choose to reduce your premium.

    • Fund Choices: Select from 15 different funds.

    • Payment Options: Choose between regular, limited, and single premium payments.

    • Premium Payment Term Flexibility: Option to change your premium payment term.

*Note: In case you have any doubt regarding your term plan, you can contact the insurance advisor to solve your queries.

Life Insurer Details

Bajaj Allianz Savings Plans

Bajaj Allianz provides a variety of savings plans that help customers get their required life insurance cover and protect their loved ones.

Bajaj Life Insurance Policy Entry Age Maturity Age Policy Term
Bajaj Allianz Life Assured Wealth Goal Platinum 1 - 60 years 77 years 5 - 17 years
Bajaj Allianz Life ACE 0 to 60 years 100 years 10 - (100 - entry age) years
Bajaj Allianz Flexi Income Goal - Income Benefit 0 to 55 years 99 years PPT + 12 year - (99 - entry age) years
Bajaj Allianz Guaranteed Saving Goal 0 to 60 years 80 years 5 - 20 years
Bajaj Allianz Super Life Assure 0 - 55 years 70 years 12 - 20 years
  1. Bajaj Allianz Life Assured Wealth Goal Platinum

    • Financial protection for your family

    • The guaranteed death benefit on the death of the policyholder

    • Liquidity begins in 2nd policy year

    • Tax benefits as per the prevailing tax laws

  2. Bajaj Allianz Life ACE

    • Choose if you want income in a lump sum, monthly benefit, or both

    • Get protection for up to 100 years

    • Pay premiums for a limited period of 5 - 12 years

    • Claim tax benefits as per prevailing tax laws

    • Choose the frequency and duration of the income

  3. Bajaj Allianz Flexi Income Goal - Income Benefit

    • 150% of the Sum Assured as a Guaranteed Benefit

    • Survival Benefits:

      • 100% of the Sum Assured as Guaranteed Monthly Income (GMI) from the end of PPT till Policy maturity

      • Get 50% of Sum Assured as a booster at maturity

    • Choose to receive or accumulate Survival Benefits with Investment Return

    • Option for Joint Life insurance Cover

  4. Bajaj Allianz Guaranteed Saving Goal

    • Choose from 2 sum assured options

    • Option to choose from multiple policy terms

    • Larger maturity benefit for female customers

    • Get Guaranteed Maturity Benefits, including Guaranteed Enhancer

    • Claim tax benefits as per prevailing tax laws

  5. Bajaj Allianz Super Life Assure

    • Choose from 2 plan variants: Super and Life

    • Special rates for female customers

    • Enhance cover with rider benefits

    • Get bonuses year after year to enhance savings

    • Income benefit provides monthly income in case of unfortunate death

Bajaj Allianz Investment Plans

Bajaj Allianz Investment & Savings Plans offer opportunities to grow your savings while ensuring financial security for your future goals. Below mentioned are the Bajaj Allianz Investment and Savings plans:

Bajaj Life Insurance Policy Entry Age Maturity Age Policy Term
Bajaj Allianz Flexi Income Goal - Enhanced Benefit 0 - 55 years 80 years 12 - 25 years
Bajaj Allianz Invest Assure 0 - 50 years 70 years 15 - 40 years
Bajaj Allianz Elite Assure 0 - 55 years 70 years 15, 20, 25, 30 years
Bajaj Allianz My Wealth Goal  10 - 55 years - (100 - entry age) years
Bajaj Allianz Capital Goal Suraksha 18 - 55 years 65 years 10, 15 years
  1. Bajaj Allianz Flexi Income Goal - Enhanced Benefit

    • 250% sum assured as a guaranteed benefit 

    • Survival Benefits:

      • 50% of Sum Assured at the end of PPT as Lumpsum

      • 100% of Sum Assured as Guaranteed Monthly Income (GMI) from the end of PPT till Policy maturity

    • Receive 100% of sum assured on maturity as lump sum

    • Equity exposure upto 40%

    • Choose joint life insurance cover to cover your spouse

  2. Bajaj Allianz Invest Assure Investment Plan

    • Choose 1.25 times or 2 times Sum Assured as life cover

    • Compound reversionary bonus and terminal bonus included

    • Limited premium payment term

    • High sum assured rebate (HSAR) for better value

    • Option to enhance coverage with rider benefits

    • Option to receive death benefit as monthly installments

  3. Bajaj Allianz Elite Assure Investment Plan

    • Ideal balance of life insurance cover and excellent ROI

    • Accrued Guaranteed Loyalty Additions up to 315% of Guaranteed Maturity Benefit, based on premium payment term

    • Choice of 4 policy terms: 15, 20, 25, and 30 years

    • Option for regular and limited premium payment terms

    • Option to enhance coverage with rider benefits

  4. Bajaj Allianz My Wealth Goal 

    • Lifelong Coverage: Continuous insurance protection for life.

    • Lifelong Income: Steady income throughout retirement.

    • Multiple Portfolio Strategies/Fund Choices: Diverse investment options.

    • Tax Benefit under ITA 1961: Tax advantages for enhanced returns.

  5. Bajaj Allianz Capital Goal Suraksha

    • Guaranteed Returns along with Life Insurance Coverage

    • Easy Application Process

    • Potential for Improved Returns

    • Choice of Limited Premium Payment Term

    • Eligibility for Tax Benefits under ITA 1961

Bajaj Allianz Retirement Plans

Bajaj Allianz Retirement Plans help you build a secure financial nest for your retirement years, ensuring a comfortable and stress-free future. Below mentioned are the Bajaj Allianz Retirement plans:

Bajaj Life Insurance Policy Entry Age Maturity Age Annuity Amount
Bajaj Allianz Guaranteed Pension Goal 30 to 85 years (immediate) 45 to 84 years (deferred) Min:
Yearly: Rs. 12,000 Half yearly: Rs. 6,000
Quarterly: Rs. 3,000 Monthly: Rs. 1,000

Max: No Limit
Bajaj Allianz Saral Pension 40 to 80 years Min:
Yearly: Rs. 12,000 Half yearly: Rs. 6,000
Quarterly: Rs. 3,000 Monthly: Rs. 1,000

Max: No Limit
  1. Bajaj Allianz Guaranteed Pension Goal Retirement Plan

    • Guaranteed lifetime income with flexible payout intervals.

    • Various annuity options to match your lifestyle goals.

    • Choose when your annuity starts.

    • Secure your family's financial future with joint life annuity options.

    • Option to receive the purchase price back upon death or as a survival benefit.

  2. Bajaj Allianz Saral Pension Retirement Plan

    • Lifelong guaranteed regular income

    • Flexibility in annuity payments: Monthly, quarterly, half-yearly, or annually

    • Legacy protection: Purchase Price (ROP) paid to nominee on death

    • Family-oriented option: Joint life option for regular income for both lives

    • Easy liquidity through loan access

    • Additional benefit: Liquidity on diagnosis of Critical Illness

Bajaj Allianz Child Insurance Plans

Bajaj Allianz Child Insurance Plans safeguard your child's future by providing financial support for their education and other life milestones. Below mentioned are the Bajaj Allianz Child Insurance plans:

Bajaj Life Insurance Policy Entry Age Maturity Age Policy Term
Bajaj Allianz Life Assured Wealth Goal 0 to 65 years 99 years 5 - (99 - age at entry) years
Bajaj Allianz Young Assure 18 to 50 years 60 years 10, 15, 20 years
Bajaj Allianz Lifelong Assure 10 to 55 years (100 - age at entry) years
  1. Bajaj Allianz Life Assured Wealth Goal Plan

    • The plan offers a life insurance cover for your family’s financial protection

    • You can easily select the dates you want to receive the payouts

    • Choose from 6 variants of the plan as per your and your family’s needs

    • Flexible income period for you to choose when you want to recevie the Regular Guaranteed Payouts

    • All the benefits offered under the plan are guaranteed

  2. Bajaj Allianz Young Assure Child Insurance Plan

    • Flexible premium payment and policy term choices to meet financial needs for events like child's education or marriage.

    • Guaranteed Maturity Benefit (GMB), Guaranteed Additions (GA), and bonuses for attractive returns.

    • 3 Cash Installment Options for future financial needs.

    • Comprehensive coverage for death or accidental disability.

    • Ability to boost coverage with rider benefits.

    • Special rates available for female policyholders.

  3. Bajaj Allianz Life long Assure Child Insurance Plan

    • Cash Bonus (if any) starting from 6th year

    • Guaranteed Cash Back starting from the end of Premium Payment Term

    • Life insurance cover up to age 100

    • Guaranteed Death Benefit up to 300% of Sum Assured based on chosen PPT

    • Option for death benefit in monthly installments

    • Choice of 3 Premium Payment Terms: 10, 15, and 20 years

    • High sum assured rebate for more value

    • Premium rebate for female policyholders

    • Option to enhance coverage with rider benefits

How to Check Bajaj Allianz Life Insurance Policy Details?

You can check the Bajaj Allianz life insurance policy details in the following ways:

  • Log in to the Official Website

    You can login to your policy account online and access the Bajaj Allianz policy details on the go.

  • Request a Callback

    You can check your Bajaj Allianz policy details by requesting a callback from the company’s customer support by going to the official website and submitting your name and phone number.

  • Call the Customer Service

    You can give a call on the company’s customer service helpline number: 1800-209-7272 and get the latest information on the Bajaj Allianz Life insurance policy details.

  • Visit the Nearest Branch

    You can look up the nearest company branch to get check your Bajaj Allianz policy details offline.

What Are The Exclusions In Bajaj Allianz Life Insurance?

Here are the exclusions in the Bajaj Life Insurance Policy:

Suicide: If the policyholder commits suicide within 12 months of buying the policy, his/her nominees will not be able to claim the Bajaj Life Insurance death benefit.

How To Buy Bajaj Allianz Life Insurance From Policybazaar?

Below are the steps to buy Bajaj Allianz Life Insurance:

Step 1: Visit the official Policybazaar website and go to the life insurance page.

Step 2: Select the type of insurance you want to buy and provide your name, contact details, gender, and date of birth.

Step 3: Enter the information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

Step 4: Choose Bajaj Allianz Life Insurance term plans from the list of term insurance plans that appears.

Step 5: Pay using your preferred mode to complete the process.

*Note: You can use the term insurance calculator to calculate your term insurance premium amount of your chosen Bajaj Allianz Life Insurance plan.

Steps Involved In Claim Process Of Bajaj Allianz Life Insurance

The claim process of Bajaj Allianz Life Insurance follows the death of the policyholder, after which the nominee/claimant can go ahead to claim the death benefit. Below mentioned are the detailed steps that determine the processing of the claim:

  1. Intimation of Claim

    After the policyholder's death, the nominee can initiate the claim process by submitting the required documents to the head office/bank branches/nearest offices or by Email, together with a proof of identification and the address proof of the nominee. The death form can be found in both online and offline mode from the company’s website and branch offices respectively.

  2. Document Submission

    The nominee also needs to submit the necessary documents along (as requested by the insurer) with the death claim form to verify the information provided to the insurance company regarding the death of the policyholder.

  3. Settlement of Claim

    After receiving all of the required documents and forms, the claim starts getting processed. Bajaj Allianz Life Insurance also checks and verifies the documents in accordance with the requirements, makes a decision (subject to T&C), and communicates the same to the claimant/nominee.

How To Contact Bajaj Allianz Life Insurance Company?

To contact Bajaj Allianz Life Insurance, you have several options:

  • WhatsApp Service: You can get prompt policy-related services 24/7 by sending a 'HI' to 8806727272 on WhatsApp.

  • Call Center: You can call their customer service at the provided helpline number for direct assistance.

  • Mobile App: Download the Life Assist app from the Apple Store or Google Play for easy access to your policy details, premium payments, and more.

  • Branch Visit: Locate your nearest Bajaj Allianz Life Insurance branch for in-person assistance.

Make sure to have your policy number and personal details ready for a quicker response!

FAQs

  • Q: What are the term insurance plans of Bajaj Allianz Life Insurance?

    Ans: Term insurance plans of Bajaj Life Insurance are pure-protection policies that offer a lump sum death benefit to your family/nominee in case of your demise during the policy term.
  • Q: Is death by natural calamities covered in Bajaj Allianz Life Insurance?

    Ans: In Bajaj Life Insurance, coverage is offered for both basic death and accidental death, including when caused by natural calamities.
  • Q: Can I avail any tax exemption for the benefits received in Bajaj Allianz Life Insurance Plans?

    Ans: Yes, as per Section 10(10D) of the Income Tax Act, 1961, the benefits received are exempted from your tax liability in Bajaj Life Insurance policy.
  • Q: If I lose my policy bond, will it affect my Bajaj Allianz Life Insurance claim settlement?

    Ans: No, the claim can be processed with other documents as well.
  • Q: How do I cancel my Bajaj Allianz Life Insurance policy online?

    Ans: Bajaj Life Insurance policy offers a free-look period during which you can cancel your policy, in case you do not find it adequate. You can check the free look period offered with your policy to check the duration within which you can cancel. If there is no claim, then the insurer will refund your premium on a pro-rata basis.
  • Q: What is a Bajaj Allianz Life Insurance ULIP Plan?

    Ans: Bajaj Allianz Life Insurance ULIP (Unit Linked Insurance Plan) is a type of savings plan that combines investment and insurance benefits, allowing you to build wealth while being protected.
  • Q: How do Bajaj Allianz Life Insurance savings plans help?

    Ans: You pay a regular premium for your Bajaj Life Insurance policy to receive life cover for a specified term. If something happens to you during the term, your family receives the death benefit.
  • Q: How do Bajaj Allianz Life Insurance plans work?

    Ans: You pay a regular premium for your Bajaj Allianz Life Insurance policy to receive life cover for a specified term. If something happens to you during the term, your family receives the death benefit.
  • Q: Are there any discounts available for female policyholders in Bajaj Allianz Life Insurance Plans?

    Ans: Yes, the policy offers attractive premium rates for female policyholders in the Bajaj Life Insurance Policy.
  • Q: How are policy benefits paid out in Bajaj Allianz Life Insurance Plans?

    Ans: Depending on the chosen coverage option, the Bajaj Allianz Life Insurance policy benefits can be paid as death benefits, accidental death benefits, critical illness benefits, or a combination thereof.
  • Q: How can I check my Bajaj Allianz policy details?

    Ans: To check your Bajaj Allianz life insurance policy details, visit their official website, log in to your customer account, and access your policy information, including documents and coverage. You can also contact the insurance advisor if you have any queries related to your Bajaj Allianz policy details.
  • Q: How can I surrender my Bajaj Allianz Life Insurance Policy online?

    Ans: To surrender your Bajaj Allianz Life Insurance Policy online, visit the official website and follow the policy surrender process outlined on their platform. If you purchased the plan from Policybazaar, you can contact their insurance advisor or customer service anytime to get help with surrendering the policy.
  • Q: Can pregnant women be covered under Bajaj Allianz insurance policies?

    Ans: Bajaj Allianz offers health insurance policies for pregnant women, which can help to cover the cost of pregnancy-related medical expenses, such as prenatal care, delivery, and postnatal care. This can help to reduce the financial burden on pregnant women and their families, and give them peace of mind knowing that they are financially protected in the event of a pregnancy complication.
  • Q: How can I renew my Bajaj Allianz policy?

    Ans: You can renew your Bajaj Allianz Life Insurance policy using the Policybazaar website or app.
  • Q: How can I cancel my Bajaj Allianz policy?

    Ans: To cancel your Bajaj Allianz policy, you need to fill out a policy cancellation form and submit it to Bajaj Allianz. You can find the form on their website or get it from a Bajaj Allianz branch office.
    Once you have filled out the form, you need to sign it and attach copies of the following documents:
    • Your policy document
    • Your PAN card
    • Your bank statement

    You can then submit the completed form and documents to a Bajaj Allianz branch office or mail them to their corporate address.

    Here is the shortest answer with a little explanation:

    Fill out a policy cancellation form and submit it to Bajaj Allianz, with copies of your policy document, PAN card, and bank statement.

  • What are the reasons for claim rejection?

    Ans: Here are some of the most common reasons for claim rejection:
    • Undisclosed medical history: When you apply for an insurance policy, you are required to disclose your complete medical history. This includes any pre-existing conditions, surgeries, or illnesses. If you fail to disclose any important medical information, your claim may be rejected.
    • Non-payment of premiums: It is important to pay your insurance premiums on time and in full. If you fail to pay a premium, your policy may lapse and your claim may be rejected.
    • Exclusions: Every insurance policy has certain exclusions. This means that there are certain conditions or events that the policy does not cover. If you file a claim for something that is excluded from your policy, your claim will be rejected.

      Fraud: If the insurance company suspects that you are filing a fraudulent claim, they will investigate the claim thoroughly. If they find evidence of fraud, they will reject your claim.

  • Q: What are the riders available with Bajaj Allianz insurance policies?

    Ans: Bajaj Allianz Life Insurance policies give option for adding multiple riders, such as Critical illness rider, Hospital cash rider, Waiver of premium rider, Accidental death benefit rider, etc.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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Bajaj Allianz Life Insurance Reviews & Ratings

4.4 / 5 (Based on 111 Reviews)
(Showing Newest 10 reviews)
Narayan
Tamil Nadu, July 22, 2024
Game Changer
PolicyBazaar has been a game changer for me.
Uttam
Jharkhand, July 22, 2024
Reliable Platform
PolicyBazaar is a reliable platform for finding the best deals.
Jahoor
Andhra Pradesh, July 22, 2024
Good and Reliable Options
Good and reliable options on Policybazaar helped me select Max Life with confidence.
Rajkumar
Maharashtra, July 22, 2024
Informed Decision
Policybazaar helped me make an informed decision. Max Life offered the best coverage for my needs.
Rizwan
Rajasthan, July 22, 2024
Smooth Navigation
Smooth navigation on Policybazaar helped me pick a plan from HDFC Life effortlessly.
Arjun
Gujarat, July 22, 2024
Clear Guidance
Clear guidance on Policybazaar led me to choose HDFC Life for my term insurance needs.
Vijay
Uttar Pradesh, July 22, 2024
Trusted and Easy
SBI life insurance term plan was really affordable and fits my needs as well. Thanks policybazaar for getting me such a good deal.
Mohd
Jharkhand, July 22, 2024
Detailed and Easy
Policybazaar term insurance plans are really easy to buy and save so much time. I was able to buy my term plan in less than half an hour.
Vansu
Madhya Pradesh, July 22, 2024
Secure and Reliable
Secure and reliable coverage for my family with ICICI Prudential via Policybazaar. Its comforting to know they are protected.
Ramlatun
Maharashtra, July 22, 2024
Took term insurance with confidence
A lot information about how term insurance works. It helped me understand the plans and make a confident buying decision.
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