Bajaj Allianz is the joint venture of Bajaj Finserv and Allianz SE of Germany. Registered in 2001, Bajaj Allianz Life Insurance Company a life insurance brand in India. The head office of the company is located in Pune. For the financial year 2010-2011, Bajaj Allianz has been ranked the second best insurance company of India in terms of number of issued insurance policies and fourth on basis of new business premium.Read more
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Bajaj Finserv is a financial service provide in India and currently provides services in life insurance, finance, and general insurance. Allianz SE is a life insurance provider serving customers in more than 70 countries. This joint venture Company incorporates global expertise with local experience.
Mr. Tarun Chugh is the MD & Chief Executive Officer of Bajaj Allianz Life Insurance Company Ltd and Mr. Sanjiv Bajaj is the Chairman of the company. Bajaj Allianz Life Insurance has been awarded for Best "Life Insurance Company in the Private Sector" in BFSI Awards 2015.
The company has also been awarded the "SKOCH Financial Inclusion & Deepening Award 2014" in the Platinum Category, for their Excellence in the Life Insurance Industry. The company has a total asset under management of Rs.51, 970 Crore as on 31st March’2018.
|Bajaj Allianz Plan||Plan Type||Entry Age||Maturity Age||Policy term||Annual Premium|
|Isecure Plan||Term Insurance Plan||18 – 60 years||28 – 70 years||10, 15, 20, 25 years||Rs. 1,500/- (minimum)|
|Future Gain Plan||Unit-linked endowment plan||1 – 60 years||18-70 years||10 years (minimum)||Rs. 25,000/-|
|Retire Rich||Unit-Linked Pension Plan||30 – 73 years||37 – 80 years||7 – 30 years||Rs. 15,000/-|
|Young Assure Plan||A traditional child plan||18 – 50 years||28 – 60 years||10, 15, 20 years||Subject to underwriting|
|Save Assure Plan||Traditional endowment plan||1 – 60 years||18 – 75 years||15 – 17 years||Rs. 6,620/-|
|Life Long Assure Plan||Non-Linked Whole Life Plan||10 – 55 years||N/A||100 minus entry age||Rs. 10,811/-|
|iSecure Loan Plan||18 – 60 years||28 – 65 years||10, 15, 20, 25 years||Subject to underwriting|
The cheapest yet most vital of life insurance products which provide a lump sum amount to your family in the unfortunate event of your death. Add riders with the term plan to increase financial security.
These are unit linked insurance plans which invest your money in variable proportion in equity, debt, money market instruments, bank deposits etc.
Pension plans help you to save for your old age so, that you maintain the same life style even after you retire.
Child plans helps you accumulate good amount of money which you can earmark for your child’s future be it education or marriage.
These are low risk investment plans which provides guaranteed amount on maturity.
The savings plans help an individual to build a corpus in the long-term in order to meet his/her life goals and as well financially protects the future of the family in the absence of the policyholder.
The group insurance plans of Bajaj Allianz offer insurance solutions for a group of people for securing their life and retirement. As the name suggests, the group of people is covered under one policy. The plans offered in this category are:
The microinsurance plans of Bajaj Allianz offer insurance solutions to the underprivileged society of India. The insurance plans under this category are of low cost yet provide disciplined savings. The microinsurance plans provided by Bajaj Allianz Life Insurance Company are:
• Visit the customer portal of Bajaj Allianz
• Go to the ‘Change Policy Details’
• Provided policy number and click on ‘Change in Address ‘option
• Provide the required changes and update the new address
• Bajaj Allianz Critical Illness Benefit Rider
• Bajaj Allianz Waiver of Premium Benefit Rider
• Bajaj Allianz Accidental Death Benefit Rider
• Bajaj Allianz Accidental Permanent Total/Partial Disability Rider
• Bajaj Allianz Family Income Benefit Rider
• Bajaj Allianz ULIP Accidental Death Benefit Rider
• Bajaj Allianz ULIP Family Income Benefit Rider
• Bajaj Allianz ULIP Accidental Permanent Total/Partial Disability Benefit Rider
• Bajaj Allianz ULIP Waiver of Premium Benefit Rider
• Bajaj Allianz ULIP Critical Illness Benefit Rider
For Group Life Insurance
• Bajaj Allianz Life Group Accelerated Critical Illness Rider
• Bajaj Allianz Life Group Accidental Death Benefit Rider
• Bajaj Allianz Life Group Accidental Permanent Total/Partial Disability Benefit Rider
• If someone presented false information and the insurer knows about it later
• If someone forgets to pay the life insurance premium on time and if the policy lapses
• If the situation is not covered by the policy for which the claim was made
• In case the name of the nominee was not updated in the policy
The below-mentioned options can be used for connecting with Bajaj Allianz Life Insurance Company:
How to Link Aadhar with Bajaj Allianz Life Insurance?
A. As per the guidelines, it is now compulsory for a policyholder to update his/her Aadhar number against the life insurance policy that he/she has taken. Here are the steps to link the Aadhar with Bajaj Allianz Life Insurance policy:
The ‘Individual Cyber Safe Policy’ launched by Bajaj Allianz will cover the individuals against any financial loss, IT theft loss, prosecution cost, defence cost, restoration cost, etc., caused by cyber crime.This policy works exactly like any other policy, where you are required to pay premium instalments at periodic intervals and you receive an insurance cover in return. The ‘Individual Cyber Safe Policy’ can be availed of by any individual above 18 years of age. The range of sum assured in this policy is from Rs 1 Lakh to Rs 1 crore.
The new plan provides assured returns equal to at least 101% of the total premiums paid regardless of the ups and downs of the market. The plan also ensures a guaranteed loyalty bonus for the ones who keep the investment till the policy gets matured. The maturity benefit from the plan is the higher amongst the Fund Value on the date of maturity along with an assured loyalty bonus or 101% of the total premiums paid.
As a benefit of Guaranteed Loyalty Addition feature one can receive higher returns. This is because a growth at the rate of 4% is applied on one year’s premium at the time of maturity, if the duration of the policy is about 10 years and if the term of the policy is over 10 years the growth rate applied is 15 %.
Bajaj Allianz is one of the leading players in Indian insurance industry while Dhanlaxmi is a private sector bank operating across Kerala, Karnataka, Tamil Nadu, Delhi, Gujarat, Maharashtra and West Bengal. This business tie-up between these two financers will also be beneficial for the customers of Dhanlaxmi bank as all the Bajaj Allianz life insurance products will be easily available for them from now on.
Mr. Vineet Patni, the president and chief business officer of Bajaj Allianz Life Insurance has stated that people want a one-stop solution and a tension-free protection plan in today’s uncertainties of life. The eTouch online term plan is a customizable plan with 3-in-1 protection benefits that cover all the 3Ds of life – death, disease and disability, and that too at a competitive price and pliability to choose from a 40-year long tenure.
05 Aug 2022Raksha Bandhan (Rakhi) is around the corner and if you are...
04 Aug 2022Every parent's priority is to financially protect their child's...
04 Aug 2022Every year, the fast of Karwa Chauth by your wife creates an...
26 Jul 2022ICICI Term Insurance plans help secure the financial future of...
26 Jul 2022Raghav is a 30 years old healthy IT employee who has two...