“I recently bought the Bajaj Allianz term plan from Policybazaar and it has been the best decision I have made in a while. I feel secure knowing that my family will be taken care of in my absence.” – Deshmukh, GhaziabadRead more
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Deshmukh, a resident of Ghaziabad, made a wise decision by purchasing the Bajaj Allianz Life Insurance's term plan to safeguard his family from unexpected future events. Bajaj Allianz Life Insurance offers flexible plan benefits that adapt to your lifestyle and needs, ensuring the safety and well-being of your loved ones at unforeseen events.
Let’s understand the various features and benefits of Bajaj Allianz Life Insurance.
Bajaj Allianz Life Insurance is known for its flexible plans that can be customized to match the life goals of policyholders.
Below are some reasons why you can consider buying the Bajaj Allianz Life Insurance:
This term insurance plan offers pure life cover that will financially secure your and your loved ones during unforeseen events, such as disease, disability or death.
The Bajaj Allianz Life Insurance plan also provides return of premiums in cases like maturity, diagnosis of terminal illness, as death benefit, etc.
There is an option to receive the maturity benefit as lump sum payout or installment payout, according to your suitability.
Bajaj Allianz Life Insurance also offers an auto-pay rebate option for policies where premiums are paid through auto-debit. This rebate is 1% of the premium and applies throughout the premium payment term.
The Bajaj Allianz Life eTouch plan is an individual, non-linked and non-participating term insurance plan. It offers coverage for life and also provides benefits for accidental death, total permanent disability, critical illness, and waiver of premium, depending on the variant chosen by you. With the flexibility to opt from amongst 3 variants, you can customize your plan and suit it to your own preference and ambitions.
Below mentioned are the key benefits of the Bajaj Allianz Life eTouch plan:
There are 3 plan options in the Bajaj Allianz Life eTouch plan amongst which you can choose from:
Life Shield Plus
Life Shield ROP (Return of Premium)
You have the flexibility to pay insurance premiums throughout the entire policy duration, for a limited number of years, or until you reach the age of 60.
Upon maturity of the policy, you will receive either 105% or 120% of the total premiums you have paid.
In the event of accidental death, an additional payout will be given.
You can choose how your family receives the insurance benefit if something happens to you: either as a lump sum or a combination of a lump sum and monthly income.
If you no longer need the insurance coverage, you can exit early and receive the premiums you have paid.
There is an option to take a premium holiday, where you can skip paying your premiums for 1, 2, or 3 years, during the premium payment period.
You can enjoy tax benefits on the premiums you pay and the benefits your family receives, as per the Income Tax Act of 1961.
You can upgrade your life stage during certain life events, like marriage, birth/adoption of up to 2 children, home loan and child’s education loan.
**The Life Shield ROP variant offers a Maturity Benefit.
The Life Shield Plus variant provides an Accidental Death Benefit.
Both the Life Shield and Life Shield Plus variants offer an Early Exit Value.
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The eligibility criteria for buying the Bajaj Allianz Life eTouch Plan is mentioned below:
|Parameters||Life Shield||Life Shield Plus||Life Shield ROP|
|Entry Age||18 - 65 years|
|Maturity Age||99 years||99 years||85 years|
|Policy Term||Min. 34 years
Max. 81 years
|Min. 10 years
Max 67 years
|Min. 10 years
Max. 40 years
|Sum Assured||Min. Rs. 50 Lakhs
Max. Rs. 10 Crores (Rs. 2 Crores, in case of Rider)
|Premium Payment Modes||Annually, Half-yearly, Quarterly & Monthly|
|Life Stage Upgrade Percentage||
Deshmukh’s decision to buy the Bajaj Allianz Life eTouch Plan has helped him secure his loved ones against several financial obligations of the future. With Bajaj Allianz Life eTouch’s flexible features and the Critical Illness and Accidental Total Permanent Disability benefits, he is even more prepared for greater risks in the upcoming future.