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Bajaj Allianz Term Insurance Calculator 2024

The Bajaj Allianz Term Insurance Premium Calculator helps easily estimate their term insurance premiums for their chosen term insurance plan. The calculator is easy to use and helps you perform complex premium calculations quickly. Moreover, the Bajaj Allianz term calculator enables a comparison of term plan premiums to help you choose the plan with the best benefits, CSR and premium rate. Let’s understand the details of the Bajaj Allianz Term Insurance Premium Calculator here.

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What Is Bajaj Allianz Term Insurance Calculator 2024?

The Bajaj Allianz Term Insurance Calculator is an online tool that helps policyholders quickly estimate their term insurance premium amount needed for their chosen life cover. Using this calculator, you can accurately calculate your premium, saving time and effort. You can find the most suitable Bajaj Allianz Life Insurance plan for your requirements by mentioning basic information like coverage amount and policy terms.

Note: Know more about what is term life insurance first before reading this article.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Why Should You Use Bajaj Allianz Term Insurance Calculator 2024?

With a wide range of term and life insurance plans available in the market, choosing the right plan to suit one’s needs becomes necessary. It is helpful to compare and analyze the different insurance policies available. Here are the reasons why you should use a Term Insurance Premium Calculator:

  • The Bajaj Term Insurance Calculator can help you understand and calculate the estimated premium amount required to be paid for your Bajaj term insurance plan.

  • The Bajaj Term Insurance Calculator is available online and free of cost, allowing you to calculate without any hassle.

  • The Bajaj Term Insurance Calculator helps you understand different policies and their features, CSR, premium differences, etc.

  • The Bajaj Term Insurance Calculator also helps you choose a budget-friendly term plan and check if the plan is appropriate for you.

How To Use Bajaj Allianz Term Insurance Premium Calculator?

To use the Bajaj Allianz term insurance premium calculator 2024, you just need to follow the simple steps below.

Step 1: Visit the Term Insurance Calculator Page of Policybazaar

Step 2: Enter the policyholder’s age and gender 

Step 3: Enter the policy term and life cover

Step 4: Enter the ‘View Plans’ option and choose the Bajaj Allianz Term Plan from the plan list

one crore term plan

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₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What Information Is Required While Using Bajaj Allianz Term Insurance Calculator?

Anyone using the Bajaj Allianz term Insurance calculator would need the following information:

  • Age

  • Gender

  • Life Cover Amount

  • Policy Term

What Are The Benefits Of Bajaj Allianz Term Insurance Calculator?

Bajaj Allianz Term Insurance calculator will help one determine the right amount of insurance coverage required to meet their needs to reach their family goals. It offers a series of benefits, which are as follows:

  • Gives an estimated premium amount
    Before using the Term Plan calculator, a person may not have an exact idea about the premium amount for a plan. However, once they enter the relevant details in this online tool, they can easily get an estimated premium for the term policy on the calculator.

  • Time-efficient process
    An online/manual process for calculating premium amounts under various Sum Assured combinations can be a tedious task and can also lead to errors. However, using a term insurance premium calculator just takes 5-10 minutes of one’s time. All that is required is to follow the right steps and enter the correct information, and one can easily get the right results.

  • Cost-effective solution
    Bajaj Allianz Term Insurance Premium Calculator 2024 tool is available online free of charge. It provides individuals with an estimated premium amount for their plans in an easy and hassle-free manner. One doesn’t need to stand in queues at the insurance office to determine their premium. They can quickly estimate their premium amount with one click on the website.

Things To Keep In Mind About Bajaj Allianz Term Insurance Premium Rates

Bajaj Allianz Term Insurance plans come at affordable premium rates that do not stress the policyholder financially. There are term plans to fit every budget. Life insurance rates can vary among customers based on the type of insurance. In general, the premium rates vary as per the following:

  • Age of the applicant - Young applicants can avail themselves of low premium rates due to high life expectancy.

  • Gender - Women can get better premium rates than men. (* Standard T&C Apply)

  • Sum Assured - High sum assured amounts generally attract low premium rates.

  • Policy tenure - The higher the number of years, the lesser is the premium amount.

  • Applicant’s occupation - High risk jobs like mining, pilots, firefighters, etc., may have higher premium rates.

  • Premium Payment Term - Term insurance plans that require premium payment throughout the policy tenure come with lower premium rates. Limited Premium Payment Insurance plans may require policyholders to pay higher premiums. In the case of insurance plans with a single premium, one may pay a higher one-time premium for term insurance.

*All savings are provided by the insurer per the IRDAI-approved insurance plan. Standard T&C apply.

Wrapping It Up!

To sum up, an individual can effectively use the Bajaj Allianz Term Insurance Calculator 2024 can easily be used to determine the term insurance premiums. A premium calculator can be used judiciously for a quick and hassle-free comparison of term insurance policies.

Note: Check out the best term life insurance in India and choose one that suits your requirements.

FAQs

  • Q. How can I check my Bajaj Allianz term plan status?

    Ans: A Bajaj Allianz insurance plan holder can visit the official website of the company online to check their policy status. They need to log in to your account to check the plan details or their claim status. They can also call, email, or SMS customer care with their policy number to check their status.
  • Q. What is a Term Insurance Rider?

    Ans: Term insurance plans come with additional optional benefits in the form of add-ons. These optional add-ons are known as riders, and they offer protection under specific circumstances, like, accidental death, accidental disability, or critical illness.  One has to pay an additional amount towards the riders.
  • Q. Can I renew my Bajaj Allianz Term Plan online?

    Ans: Yes, Bajaj Allianz provides its online portal services to the policyholders to renew their insurance plans online. One can visit the website, enter the policy details, follow the steps and make the payment to renew their plan.
  • Q. How can I file a Bajaj Allianz Insurance Claim?

    Ans: Bajaj Allianz Life Insurance policyholders need to submit valid documents along with the claims form. This can be either submitted online or at the nearest local branch. Upon receiving the documents and processing them, the insurer Claims team will settle the claim within 30 days. The claim amount is directly deposited in the policyholder’s bank account.
  • Q. Do Term plans provide any maturity benefit?

    Ans: Term plans do not offer any maturity benefits as they do not have an investment component. However, a term plan with a Return of Premium (TROP) feature can help one retrieve the total premium paid at the end of the policy term.
  • Q. What is the age limit to buy term insurance plans?

    Ans: For Bajaj Allianz term insurance plans, the entry age limit varies. The minimum age to buy a term insurance plan is 18 years, and the maximum age of 65 years. The plan can provide coverage up to 99 years, as per the product terms and conditions. (* Standard T&C Apply)
  • Q. How can I find the required term insurance coverage?

    Ans: One needs to assess one’s required term insurance coverage based on one’s existing age, assets, debt, and future life goals of the family. Individuals can use the Bajaj Allianz Term Insurance Calculator 2024 to evaluate their term insurance coverage requirements. Term insurance coverage will vary as per age and financial obligations. It is always recommended to analyze one’s needs, budget, and current lifestyle before finalizing the coverage amount.
  • Q. Do I have the option to increase my sum assured amount?

    Ans: Yes, Bajaj Allianz term Insurance plans offer the policyholders the feature to increase the assured sum amount with changes in their life situations. Marriage, childbirth, career changes, expansion in family, lifestyle changes, etc., can impact an individual’s financial obligations and life coverage. In such situations, it is advisable to revisit your term insurance plan. One can evaluate if the plan and the sum assured under it still meet the changing requirements of your family. If not, one can go for an increase in the sum assured, as and when required.
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage


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Bajaj Allianz Term Insurance Plans Reviews & Ratings

4.7 / 5 (Based on 10 Reviews)
(Showing Newest 10 reviews)
Mohd
Maharashtra, July 16, 2024
Bajaj Life Selection
Choosing Bajaj Life term insurance on Policybazaar was easy. The platform is user friendly and the support was great
Isha
Delhi, September 02, 2021
Average Benefits
I have taken term insurance policy of Bajaj Allianz from policy bazaar and it was referred by one of my relative. I am paying monthly premium of Rs.3000 through online as well have enabled auto debit option. The benefits are average. I need to pay the premium till MAY 2022 and it was taken in the year of 2016. Happy to be their customer.
Niharika
Barapalli, April 05, 2021
Claim is easy
It is very easy to file for a claim for the term plan of bajaj Allianz. I bought this plan from the website of the policybazaar. The assistance given by the team of policybazaar and bajaj Allianz is good. They helped my friend in getting claim and that’s why I bought this plan from them. Thanks team.
Dinesh
Qadian, March 30, 2021
Get online updates
For my term insurance plan which I bought of bajaj Allianz, I got various updates at one place. I got to know about my plans and details regarding the same. It is convenient to use and understand. Thank you so much policybazaar.
Bhanu
Bagha Purana, March 30, 2021
Claim is easy
It is very easy to file for a claim for the term plan of bajaj Allianz. I bought this plan from the website of the policybazaar. The assistance given by the team of policybazaar and bajaj Allianz is good. They helped my friend in getting claim and that’s why I bought this plan from them. Thanks team.
Deepanshu
Asifabad, March 23, 2021
Get online updates
For my term insurance plan which I bought of bajaj Allianz, I got various updates at one place. I got to know about my plans and details regarding the same. It is convenient to use and understand. Thank you so much policybazaar.
Renu
Dabugam, February 16, 2021
Satisfied and happy
I am one of the happiest customer of policybazaar. I bought the bajaj Allianz term insurance plan 2 years back and having a good experience. Thanks team.
Lakshya
Baarod, February 16, 2021
Easy to pay
It is really easy to make the payment for the premium amount of the term insurance plan. I bought it online and has been making the payment on online basis. It is easy and hassle free. I bought the bajaj Allianz term plan from policybazaar.
Bhanu
Chapra, August 16, 2016
Term plan
The bajaj allianz term insurance policy of mine is good. The policy has low premium investments and the output is high. Claiming is simple and sanctioning amount is easy due to quick service given by the company members. Easy renewals through online portal service.
Abhinav
Ahmednagar, July 15, 2016
Good Service
My term insurance plan is fantastic and i bought it from bajaj life insurance. The service is fast and on time. Policy coverage is high and claims are even better. The internet portal is very simple to use and anybody can access it easily.
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