Bajaj Life Insurance: Policy Details, Premium & Benefits

Bajaj Life Insurance

Bajaj Life Insurance (formerly Bajaj Allianz) is one of India's fastest-growing private life insurance companies. Headquartered in Pune, it boasts an impressive 99.33% Claim Settlement Ratio and a 266% solvency margin. Founded in August 2001, the company operates through 598 branches, a network of over 1.6 lakh agents, and bancassurance tie-ups with leading banks such as Axis, Bandhan, and IDFC First. With this strong presence, Bajaj Life makes insurance easily accessible across the country. Its plans are designed to protect families, provide financial security, and deliver lasting peace of mind.

Bajaj Life Insurance

99.33% Claim Settlement Ratio, reflecting a strong record of honouring genuine claims

266% Solvency Ratio, indicating robust financial strength and stability

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Our term life insurance calculator in india can help you calculate the following:

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

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

Term Insurance Plans
ULIP Plans
Savings Plans
Investment Plans
Retirement Plans
Child Plans

Below are the Bajaj Life Insurance Policy:

Bajaj Term Insurance Plans

Bajaj 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 your profile's applicable Bajaj term insurance premiums. Below are the Bajaj Term Insurance plans:

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

*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 Life Insurance.

Bajaj ULIP Plans

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

Bajaj Life Insurance Policy	Entry Age	Maturity Age	Policy Term
Bajaj Life Assured Wealth Goal Platinum	0 to 60 years	75 years	10/15/20 years
Bajaj Life ACE	0 to 60 years	Up to 100 years	Limited Term: 10 to 45 years Whole Life: Up to Age 85 or 100
Bajaj Life ACE Advantage	0 to 60 years	85 years	5-30 years
Bajaj Life Goal Suraksha	0-55 years	65 years	10/12/14/15/16/20 years
Bajaj Flexi Income Goal - Enhanced Benefit	0 to 55 years	80 years	5 to 27 years
Bajaj Guaranteed Saving Goal	0 to 60 years	80 years	5 - 20 years
Bajaj Guaranteed Wealth Goal	0 to 60 years	100 years	–

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Bajaj Savings Plans

Bajaj Life offers a variety of savings plans that help customers secure the life insurance cover they need and protect their loved ones. Below are the savings plans offered by Bajaj Life:

Bajaj Life Insurance Policy	Entry Age	Max. Vesting Age	Annuity Amount
Bajaj Smart Pension	18 to 70 years	80 years	–
Bajaj Guaranteed Pension Goal III	30 to 85 years	—	Yearly: Rs. 12,000 Half yearly: Rs. 6,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000
Bajaj Saral Pension	40 to 80 years	—	Yearly: Rs. 12,000; Half-yearly: Rs. 6,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000
Bajaj Lifelong Goal III	0-65 years	85/99 years	–

Bajaj Retirement Plans

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

Bajaj Life Insurance Policy	Entry Age	Max. Vesting Age	Annuity Amount
Bajaj Smart Pension	18 to 70 years	80 years	–
Bajaj Guaranteed Pension Goal III	30 to 85 years	—	Yearly: Rs. 12,000 Half yearly: Rs. 6,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000
Bajaj Saral Pension	40 to 80 years	—	Yearly: Rs. 12,000; Half-yearly: Rs. 6,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000
Bajaj Lifelong Goal III	0-65 years	85/99 years	–

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How to Check Bajaj Life Insurance Policy Details?

You can check the Bajaj 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 policy details on the go.
Request a Callback
You can check your Bajaj policy details by requesting a callback from the company's customer support. Go to the official website and submit your name and phone number.
Call Customer Service
To get the latest information on the details of the Bajaj Life insurance policy, call the company's customer service helpline number, 1800-209-7272.
Visit the Nearest Branch
You can look up the nearest company branch to check your Bajaj policy details offline.

Health Management Services with Bajaj Life Insurance

Bajaj Life Insurance offers policyholders access to valuable health management services that can help them save up to ₹31,000 annually, based on estimated market costs. These services include 36 doctor insta-consultations per year (3 per month), 12 health coach consultations for diet and nutrition, and 12 emotional wellness consultations with psychologists, each valued at an average of ₹500 per session. Additionally, policyholders benefit from network discounts of 10% on medicines and lab test bookings throughout the year, with potential savings of ₹5,000 each on both. All services are provided through a wellness partner, and while many are complimentary, usage is subject to terms and conditions.

Latest ULIP NAVs

Bajaj Life ULIP Funds

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Bajaj Life Nifty 200 Alpha 30 Index Fund	₹9.19	₹223 Cr	-	-
Bajaj Life Liquid Fund	₹34.47	₹402 Cr	5.23%	4.25%
Bajaj Life Bond Fund	₹45.21	₹1596 Cr	5.79%	6.41%
Bajaj Life Bluechip Equity Fund	₹44.04	₹905 Cr	9.45%	11.55%
Bajaj Life Equity Growth Fund II	₹70.74	₹4088 Cr	8.71%	11.28%
Bajaj Life Accelerator Mid-Cap Fund II	₹84.79	₹5660 Cr	12.27%	13.93%
Bajaj Life Pure Stock Fund	₹149.12	₹7189 Cr	10.14%	12.45%
Bajaj Life Asset Allocation Fund II	₹31.58	₹256 Cr	7.87%	8.99%
Bajaj Life Pure Stock Fund II	₹25.69	₹4616 Cr	9.59%	-
Bajaj Life Flexi Cap Fund	₹16.95	₹3643 Cr	-	-
Bajaj Life Sustainable Equity Fund	₹15.08	₹347 Cr	-	-
Bajaj Life Small Cap Fund	₹20.82	₹4765 Cr	-	-
Bajaj Life Dynamic Asset Allocation Fund	₹12.11	₹70 Cr	-	-
Bajaj Life Midcap Index Fund	₹13.64	₹683 Cr	-	-
Bajaj Life SmallCap Quality Index Fund	₹10.76	₹775 Cr	-	-
Bajaj Life Nifty Alpha 50 Index Fund	₹9.25	₹839 Cr	-	-
Bajaj Life Nifty 200 Alpha 30 Index Pension Fund	₹10.72	₹32 Cr	-	-
Bajaj Life Focused 25 Fund	₹11.02	₹346 Cr	-	-
Bajaj Life Asset Allocation Pension Fund II	₹10.29	₹2 Cr	-	-
Bajaj Life Liquid Pension Fund II	₹10.5	₹2 Cr	-	-
Bajaj Life BSE 500 Enhanced Value 50 Index Fund	₹10.58	₹333 Cr	-	-
Bajaj Life BSE 500 Enhanced Value 50 Index Pension Fund	₹10.12	₹14 Cr	-	-
Bajaj Life India Consumption Fund	₹9.41	₹167 Cr	-	-
Bajaj Life BSE 500 Quality 50 Index Fund	₹10.32	₹32 Cr	-	-
Bajaj Life Opportunities Fund	₹10.56	₹159 Cr	-	-
Bajaj Life BSE 500 Quality 50 Index Pension Fund	₹10.12	₹3 Cr	-	-
Bajaj Life Asset Allocation	₹54.41	₹519 Cr	7.94%	8.75%
Bajaj Life Cash Plus Pension	₹43.47	₹3 Cr	5.24%	5.29%
Bajaj Life Debt Plus Pension	₹51.53	₹3 Cr	5.78%	6.46%
Bajaj Life Pure Stock Pension	₹91.72	₹9 Cr	7.13%	9.67%
Bajaj Life Equity Mid Cap Plus	₹233.15	₹143 Cr	13.09%	13.21%
Bajaj Life Equity Plus Pension	₹208.18	₹19 Cr	8.16%	10.79%
Bajaj Life Accelerator Mid Cap	₹140.62	₹481 Cr	12.55%	13.23%
Bajaj Life Cash	₹29.89	₹19 Cr	3.5%	3.46%
Bajaj Life Debt	₹33.23	₹28 Cr	4.03%	4.36%
Bajaj Life Equity	₹98.25	₹154 Cr	8.3%	10.22%
Bajaj Life Cash Plus	₹43.8	₹31 Cr	5.37%	5.44%
Bajaj Life Debt Plus	₹47.76	₹41 Cr	5.8%	6.31%
Bajaj Life Equity Gain	₹154.56	₹307 Cr	6.93%	9.27%
Bajaj Life Equity Plus	₹198.11	₹510 Cr	8.52%	10.89%
Bajaj Life Pure Equity	₹160.23	₹43 Cr	11.12%	12.78%
Bajaj Life Bond Pension	₹43.87	₹9 Cr	5.54%	5.91%
Bajaj Life Equity Index	₹161.22	₹88 Cr	9.86%	11.85%
Bajaj Life Equity Growth	₹85.42	₹2260 Cr	8.47%	10.61%
Bajaj Life Equity Mid Cap	₹144.97	₹65 Cr	11.29%	11.54%
Bajaj Life Life Long Gain	₹29.18	₹6 Cr	3.94%	4.55%
Bajaj Life Premier Equity Growth	₹73.98	₹6 Cr	7.2%	9.46%
Bajaj Life Equity Index II	₹78.56	₹1428 Cr	9.36%	11.24%
Bajaj Life Equity Index Pension	₹144.06	₹3 Cr	9.82%	11.91%
Bajaj Life Equity Growth Pension	₹99.35	₹43 Cr	8.4%	10.93%
Bajaj Life Equity Index Pension II	₹82.31	₹64 Cr	9.37%	11.71%
Bajaj Life Asset Allocation Pension	₹53.06	₹29 Cr	7.73%	8.89%
Bajaj Life Accelerator Mid Cap Pension	₹157.68	₹34 Cr	13.59%	13.68%
Bajaj Life Premier Equity	₹72.53	₹11 Cr	8.36%	10.2%
Bajaj Life Premier Equity Gain	₹100.09	₹21 Cr	7.05%	9.71%
Bajaj Life Assured Return	₹26.89	₹2 Cr	5.31%	5.77%
Bajaj Life Discontinued Life Policy Fund	₹18	₹4385 Cr	5.51%	5.21%
Bajaj Life Discontinue Pension Policy Fund	₹17.11	₹3 Cr	5.39%	5.25%
Bajaj Life Pension Builder Fund	₹19.54	₹49 Cr	4.76%	5.64%
Bajaj Life Balanced Equity Fund	₹22.03	₹1 Cr	7.61%	7.74%
Bajaj Life Builder Bond Fund	₹18.01	₹33 Cr	4.93%	5.6%
Bajaj Life Group Debt Fund	₹40.37	₹65 Cr	5.73%	-
Bajaj Life Secure Fund	₹61.13	₹4092 Cr	6.03%	7.32%
Bajaj Life Stable Fund	₹69.31	₹737 Cr	6.26%	7.66%
Bajaj Life Group Asset Allocation Fund	₹50.61	₹53 Cr	8.22%	-
Bajaj Life Group Blue Chip Fund	₹48.53	₹3 Cr	9.87%	-
Bajaj Life Group Equity Fund	₹53.32	₹49 Cr	8.59%	-
Bajaj Life Group Balanced Gain Fund II	₹17.24	₹7 Cr	8.2%	-
Bajaj Life Group Debt Fund II	₹24.9	₹1221 Cr	5.86%	-
Bajaj Life Group Debt Fund III	₹17.72	₹121 Cr	5.63%	-
Bajaj Life Group Liquid Fund II	₹16.83	₹7 Cr	5.34%	-
Bajaj Life Group Equity Index Fund	₹45.06	₹29 Cr	8.8%	-
Bajaj Life Group Nifty 100 index Fund	₹9.88	₹126 Cr	-	-

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How To Buy Bajaj Life Insurance From Policybazaar?

Below are the steps to buy Bajaj Life Insurance:

Step 1: Visit the official Policybazaar website and 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 your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

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

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

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

How to Pay Bajaj Life Insurance Premium Online?

Paying your premium online is quick and hassle-free. Here's how you can do it:

Step 1: Visit the official premium payment page of Bajaj Life Insurance.

Step 2: Enter your policy number and date of birth or mobile number.

Step 3: Click on 'Submit’ to view your policy details and premium due.

Step 4: Choose your preferred payment method. Options include net banking, debit card, credit card, UPI, and digital wallets.

Step 5: Complete the payment process securely. Once done, you will receive an instant payment confirmation.

What is the Claim Process Of Bajaj Life Insurance

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

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 proof of identification and the nominee's address proof. The death form can be found on the company's website and at branch offices, respectively, in both online and offline modes.
Document Submission
The nominee also needs to submit the necessary documents (as requested by the insurer) with the death claim form to verify the information provided to the insurance company regarding the policyholder's death.
Settlement of Claim
After receiving all required documents and forms, the claim starts being processed. Bajaj Life Insurance also checks and verifies the documents according to the requirements, makes a decision (subject to T&C), and communicates the same to the claimant/nominee.

How To Contact Bajaj Life Insurance Company?

To contact Bajaj 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 Life Insurance branch for in-person assistance.

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

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

What Are The Exclusions In Bajaj 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.

Is Bajaj Life Insurance good?

Yes, Bajaj Life Insurance, formerly known as Bajaj Allianz, is considered one of the leading life insurers in India, offering a strong combination of financial stability, comprehensive product offerings, and reliable claim support. The insurer has consistently maintained a death claim settlement ratio of over 99% and a solvency ratio of 266%, reflecting its ability to meet future claim obligations. It provides a wide range of term, savings, retirement, child, and ULIP plans with flexible coverage options, making it a dependable choice for individuals seeking long-term financial protection and wealth creation.

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What is Term Life Insurance

FAQs

Q: What are the term insurance plans of Bajaj 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 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 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 Life Insurance claim settlement?

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

Ans: Bajaj 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 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 Life Insurance plans work?

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: Are there any discounts available for female policyholders in Bajaj 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 Life Insurance Plans?

Ans: Depending on the chosen coverage option, the Bajaj 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 policy details?

Ans: To check your Bajaj 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 policy details.
Q: How can I surrender my Bajaj Life Insurance Policy online?

Ans: To surrender your Bajaj 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 insurance policies?

Ans: Bajaj 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 policy?

Ans: You can renew your Bajaj Life Insurance policy using the Policybazaar website or app.
Q: How can I cancel my Bajaj policy?
Ans: To cancel your Bajaj policy, you need to fill out a policy cancellation form and submit it to Bajaj Life. You can find the form on their website or get it from a Bajaj 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 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 Life, 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 insurance policies?

Ans: Bajaj 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.

Extra Payout on Accidental death	Extra Payout on Accidental disability
Joint Life Rider	Cover for Child

Bajaj Life Insurance

Bajaj Life Insurance

Bajaj Term Insurance

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

Bajaj Term Insurance Plans

Bajaj ULIP Plans

Bajaj Savings Plans

Bajaj Retirement Plans

How to Check Bajaj Life Insurance Policy Details?

Health Management Services with Bajaj Life Insurance

How To Buy Bajaj Life Insurance From Policybazaar?

How to Pay Bajaj Life Insurance Premium Online?

What is the Claim Process Of Bajaj Life Insurance

How To Contact Bajaj Life Insurance Company?

What Are The Exclusions In Bajaj Life Insurance?

Is Bajaj Life Insurance good?

People also search for

FAQs

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

Q: Is death by natural calamities covered in Bajaj Life Insurance?

Q: Can I avail any tax exemption for the benefits received in Bajaj Life Insurance Plans?

Q: If I lose my policy bond, will it affect my Bajaj Life Insurance claim settlement?

Q: How do I cancel my Bajaj Life Insurance policy online?

Q: What is a Bajaj Life Insurance ULIP Plan?

Q: How do Bajaj Life Insurance savings plans help?

Q: How do Bajaj Life Insurance plans work?

Q: Are there any discounts available for female policyholders in Bajaj Life Insurance Plans?

Q: How are policy benefits paid out in Bajaj Life Insurance Plans?

Q: How can I check my Bajaj policy details?

Q: How can I surrender my Bajaj Life Insurance Policy online?

Q: Can pregnant women be covered under Bajaj insurance policies?

Q: How can I renew my Bajaj policy?

Q: How can I cancel my Bajaj policy?

What are the reasons for claim rejection?

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

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