Bajaj Allianz Life eTouch Online Term Plan is an online term plan that acts as a shield against financial troubles caused by critical illnesses, accidental disablement, or death. This plan is a comprehensive policy offering a waiver of premium. The waiver depends upon the chosen variant of the plan. This ensures that your family attains their dreams and life goals even when you are not there to look after them or in case you are afflicted with medical exigencies like critical illnesses or permanent disabilities caused by accident.
Parameters |
Details |
Policy Tenure |
Minimum– 10 years Maximum– 40 years |
Premium Paying Term |
10-40 years; is equal to the policy term chosen |
Premium Paying Mode |
Monthly, Quarterly, Half-yearly, and Yearly |
Entry Age |
Minimum– 18 years Maximum– 65 years |
Maturity Age |
Minimum- 28 years Maximum- 75 years |
Grace Period |
30 days, 15 days for monthly frequency |
Sum Assured |
Minimum– Rs 50, 00,000 Maximum–
*ADB - Accidental Death Benefit, ATPDB - Accidental Total Permanent Disability, ACI - Accelerated Critical Illness |
Liquidity |
Loan not available under this plan |
Bajaj Allianz Life eTouch Online Term Insurance Policy comes packed with different salient features and benefits. Here is a rundown to the core benefits of eTouch Online Term Insurance Plan by Bajaj Allianz Life:
* Tax benefit is subject to changes in tax laws
Bajaj Allianz Life eTouch Online Term Plan premium can be paid on a yearly, half-yearly, quarterly & monthly basis.
The premium paying term is from 10-40 years.
The minimum premium is Rs.5, 000 and the maximum will be according to the max sum assured.
*Standard T&C Apply
Anyone is free to use the Bajaj Allianz Life eTouch Online Term Plan calculator available online to get an idea about the premium sum to be paid.
Bajaj Allianz Life eTouch Online Term Policy comes with an inbuilt Waiver of Premium rider. This rider offers a waiver of premium sum on disability or death due to sickness or accident, loss of eyesight in both eyes and a single eye, hearing in both ears, and loss of speech. This depends on the variant chosen by you.
One needs to follow the steps below in order to buy this plan online:
Step 1: Buy Bajaj Allianz Life eTouch Online Term Plan online by visiting the insurance provider's official website.
Step 2: Click on 'New Customer' and enter your details like name, DOB, gender, mobile no, email address, PAN, Facebook ID, etc.
Step 3: Choose the plan and fill up the proposal form in the next step.
Step 4: Go through the summary and documentation and finally make the payment.
Step 5: You will receive a soft copy of your policy documents in your registered email address in a short duration.
Bajaj Allianz Life eTouch Online Term Plan reviews suggest that it is quite a comprehensive plan. It has a long list of exclusions, some of which are as follows:
No accidental death benefits will be paid if death is caused due to:
Your family's expenses won't stop in your absence, why should you?
Provide complete protection to your dear ones
₹1 Crore life cover at just ₹490/month