Bajaj Allianz Life eTouch Online Term Plan

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– Life Benefit: No Limit ADB, ATPDB: Equal to the sum assured, Max Rs.2 Crore ACI Benefit: up to 75% of sum assured, Max Rs. 75, 00,000 *ADB - Accidental Death Benefit, ATPDB - Accidental Total Permanent Disability, ACI - Accelerated Critical Illness
Liquidity	Loan not available under this plan

Benefits of Bajaj Allianz Life eTouch Online Term 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:

Critical Illness Benefit

If the CI diagnosis requires Angioplasty, then there will be a payment of Rs.5, 00,000 to the individual as a fixed ACI benefit. If Angioplasty is run for CI, then WOP (Waiver of Premium) will not be applicable. For undergoing Angioplasties in the future, the insurance company will not provide any further ACI benefit
In case the Critical Illness is one which does not require Angioplasty
- 75% of the Sum Assured (up to max Rs.75 00,000) would be offered as an ACI benefit if no ACI benefit was paid previously for Angioplasty
- If ACI benefit has been offered previously for Angioplasty, then the amount remaining after deduction will be given as a benefit to the insured. This amount is 75% of the Sum Assured (up to max Rs.75 00,000) subtracted by the amount incurred for Angioplasty previously
- All the policy premiums thereafter will get waived. The plan will continue along with all the remaining benefits

ATPD (Accidental Total or Permanent Disability) Benefit

ATPD benefits will be paid. This benefit amount equals the total sum assured (up to a max of Rs.2 Crore)
All the policy premiums thereafter will get waived. The plan will continue along with all the remaining benefits

Death Benefit

The Death Sum Assured minus the already paid ACI benefit will be provided if the ACI benefit has already been paid previously
The Total Sum Assured shall be paid if no earlier ACI benefit is paid
The policy after this will get terminated

Tax Benefits

Bajaj Allianz Life eTouch Online Term Plan is eligible for tax benefits under Section 10D & Sec 80 C of Income Tax Act, 1961

* Tax benefit is subject to changes in tax laws

The Premiums for Bajaj Allianz Life eTouch Online Term Plan

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.

Additional Riders of Bajaj Allianz Life eTouch Online Term Plan

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.

Eligibility for Bajaj Allianz Life eTouch Online Term Plan

Entry Age: Min– 18 years, Max– 65 years
Maturity Age: Min– 28 years, Max– 75 years

What are the Documents required to buy this Policy?

Identity Proof– AADHAAR card, voter's card, or passport
Age Proof- PAN card, passport, driving license
Address Proof- Ration card, voter's card, AADHAAR card, or passport
Recent Photograph

How to buy this Plan Online?

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.

Exclusions of Bajaj Allianz Life eTouch Online Term Plan

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:

Suicide or attempted suicide
Under the influence of alcohol or drugs
Any war, invasion, or riots,
Participation in any unlawful activity
Participation in any adventure sports or hazardous activities, etc.

FAQs

Q: How to change the nominee name in this policy?

Ans: You need to call up the insurance provider's helpline number and give an endorsement form informing them that you want to change the nominee's name.
Q: Is there any maturity benefit present under this plan?

Ans: No maturity benefit is present under this plan.
Q: What is the free look period for this policy?

Ans: This policy comes with a free look period of 30 days.
Q: Does this plan cover pre-existing diseases?

Ans: No, the Bajaj Allianz Life e-Touch Online Term plan does not cover pre-existing conditions/diseases.
Q: What benefits will an insured provide with Accidental Death Benefit (ADB) under the Shield Super variant?

Ans: The death sum assured and an equal amount of the total sum assured (subject to max Rs.2 Crore) will be reimbursed as ADB.
Q: What is considered to be an accidental death?

Ans: TDeath caused as a result of a sudden, unanticipated and unintentional event is referred to as an accidental death.
Q: Is the nominee eligible to receive the life benefit in monthly installments?

Ans: Yes, the nominee can obtain the life benefit or the Accidental death benefit only in monthly installments. He has to apply to the insurer to get them.