Prices Increasing soon Prices Increasing Soon

Bajaj Allianz Life Insurance Plans

Bajaj Allianz offers multiple term insurance plans for short and long term investments. Term insurance plans are best suited for individuals looking to build a financial security net for their families at budget-friendly rates. Bajaj Allianz 5 year plan is perhaps one of the best options available in the market.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

It offers coverage against uncertain events of life and helps accumulate savings for the future. The premiums are also comparatively low against a high sum assured. Bajaj Allianz investment plans offer assured death benefits and can even help in tax deductions. 

Here are some of the best Bajaj Allianz term plans:

  • Bajaj Allianz Save Secure – is a non-linked, non-participating endowment plan for individuals. The plan guarantees a higher sum assured. The speciality of this plan is that the customers are not required to pay premiums for the last five years of the policy term.

    • The plan eligibility criteria are:

      • Minimum age can be 1 year

      • Maximum age can be 60 years

      • Minimum and maximum age at maturity should be 18 and 75 years, respectively.

    • The plan features are:

      • The policy term can either be 15 years or 17 years.

      • The customer can select the policy tenure, and the sum assured according to his/her requirements.

      • Premium will be payable for policy terms minus 5 years.

      • The minimum assured sum is INR 1,00,000, and there is no upper limit.

      • Premium can be paid monthly, half-yearly, quarterly, or yearly.

      • Policy benefits can be taken in instalments for 5-10 years.

    • The plan benefits are:

      • In case of the policyholder’s death, the nominee is entitled to get the Sum Assured on death as the death benefit.

      • When the policy matures, the policyholder gets 115% of the Sum Assured as the maturity benefit.

      • Additional benefits can be added to the policy in the form of riders if the policyholder wishes.

      • The policy also offers surrender benefits if the policyholder decides to surrender the policy.

  • Bajaj Allianz Guarantee Assure - is an excellent plan with exceptional assured benefits that can provide life coverage to families. It is also a non-linked, non-participating, individual endowment plan. The speciality of this plan is that it guarantees enhanced benefits with a limited premium paying term.

    • The plan eligibility criteria are:

      • The minimum age can be 9 years.

      • The maximum age can be 60 years.

      • The minimum age at maturity of the policy should be 18 years.

      • The maximum age at maturity of the policy should be 69 years.

    • The plan features are:

      • The policy term can be either 7, 8, or 9 years.

      • The premium has to be paid for 5 years only, irrespective of the policy tenure chosen.

      • The minimum Sum assured is INR 1,00,000, while there is no upper limit.

      • The premium can be paid half-yearly, yearly, quarterly or monthly.

      • The policyholder can choose to receive the benefits in instalments for a fixed period.

      • Discounted premium rates for females.

    • The plan benefits are: 

      • On the maturity of the policy, the policyholder will receive the Sum assured along with the additional guaranteed Sum added as the maturity benefit.

      • If the policyholder passes away in the policy tenure, then the nominee will receive the Death Sum Assured along with the additional guaranteed Sum added as the death benefit.

      • The policy also offers surrender benefits and tax benefits.

  • Bajaj Allianz Cash Assure – is an ideal life insurance plan for anyone looking for life coverage along with building savings for the future. It is an individual, non-linked, but participating policy combined with the special feature of money-back assurance.

    • The plan eligibility criteria are:

      • The age of the policyholder can be anywhere between 0-54 years of age.

      • The minimum age expected at maturity is 18 years.

      • The maximum age at maturity of the policy should be 70 years.

      • The plan features are:

      • The policy tenure can be 16, 20, 24, or 28 years.

      • Premium has to be paid for a policy term minus 5 years.

      • The premiums can be paid monthly, quarterly, yearly, or half-yearly. However, the option of paying monthly has some conditions attached.

      • The minimum Sum assured is INR 1,00,000, and there is no upper limit.

      • The policyholder can select the Sum assured and policy term according to his/her convenience.

      • A special feature of money back at regular intervals.

    • The plan benefits are:

      • Provided all premiums are fully paid, the policyholder gets a percentage of the Sum Assured in the form of money back. It is called the survival benefit.

      • When the policy matures, a percentage of the Sum assured along with the bonuses acquired by the policy are paid to the policyholder as the maturity benefit.

      • On the policyholder's demise, the nominee will receive the Sum assured on death along with the acquired bonuses as the death benefit.

      • This policy also provides the option of adding riders.

Documents Required During Policy Purchase

  • Identity proof with photo

  • Address proof

  • Age proof

  • Income proof

  • Passport size photographs

  • Medical or doctor reports

How to Buy Bajaj Allianz Term Insurance Plan?

The Bajaj Allianz term insurance plans can be purchased offline or online. The online policy purchase process is quick and easy. One can follow simple steps like below:

  • For online purchase – The customer can visit the official Bajaj Allianz website. From the catalogue of products, he/she will have to pick the most suited plan. After filling all the required forms and uploading all the documents, he/she will be asked to make the payment. After successful processing of all the above things, the process will be completed.

  • For offline purchase – The customer can visit the authorized Bajaj Allianz branches. The insurance experts of Bajaj Allianz will help them select a suitable plan and take the customers through purchasing the policy.


  • Is there a benefit of a non-participating, non-linked policy?

    Ans: A non-participating, non-linked policy remains unaffected by the fluctuations of the market. 
  • What do you mean by an endowment plan?

    Ans: Endowment plans are the ones that provide life coverage and also help the policyholder in building up savings.
  • Which is better – online or offline purchasing of policies?

    Ans: Online purchasing holds the upper hand because it is simple. It offers many benefits, including lower premium rates, and the customer has the liberty to customize the policy according to the requirements.

Different types of Plans

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
20 Jun 2023

Which Insurance is Best in India?

Insurance is a financial product that transfers the risk to a

Read more
27 May 2014

How to Check LIC Policy Status, Details, Statement via...

Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However

Read more
25 Feb 2022

SBI Life Insurance 50,000 per year Plan for 5 Years

Life insurance is about the financial protection of the family and working for life’s milestones through smart

Read more
23 Mar 2022

SBI Life Insurance Policy Surrender Value Calculator

SBI life insurance policy surrender value calculator is an online tool that helps users calculate the amount they

Read more
09 Mar 2022

PLI Surrender Value Calculator

PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI

Read more
View Plans
Download the Policybazaar app
to manage all your insurance needs.