A Review on Bajaj Allianz eTouch Online Term Insurance Plan

Term insurance plans are the purest, cheapest and simplest form of insurance product available in the market. As there are numerous insurance companies that are coming up with an array of term insurance products, which can be customized according to the requirements of the customers, Bajaj Allianz life insurance company limited, a well-known name in the insurance sector, has launched its first online term plan - ‘eTouch’.

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5.3 Crore Policies Sold

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₹1 Crore Life cover starting from ₹478/month⁺

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Bajaj Allianz eTouch Online Term Plan is a complete protection plan that is structured to safeguard the future of your loved ones from future uncertainties of life. This is a pure term plan that also provides health cover. The plan provides life cover along with the combined benefits of accidental death and disability (total and/or permanent), as well as critical illness. Moreover, waiver of premium rider is one of the many add-on benefits offered by this online term plan.

What are the Key Features of Bajaj Allianz eTouch Term Plan?

Here is a list of key factors of Bajaj eTouch term plan in India:

Comprehensive Life Cover: The plan provides comprehensive protection to the policyholder.
Rider benefits: In order to enhance the protection, the insured can choose from the additional rider option available with the plan.
Customizable Payout options: The policy provides an option to the beneficiary to avail the policy benefits in a lump-sum amount or in monthly installments.
Premium Rebate for non-smokers: The plan provides a lower premium rate for those who lead a healthy lifestyle.
Tax Benefits: The term insurance tax benefits are available under sections 80C and 10(10D) of the Income Tax Act, 1961.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

What are the Eligibility Conditions of Bajaj Allianz eTouch Online Term Plan?

The below table shows the eligibility criteria and other details of the policy:

Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Maturity Age	28 years	99 years
Policy Term	10 years	40 years
Sum Assured	50 Lakhs	10 Crores
Premium payment Mode	Annually, quarterly, bi-annually and monthly.
Premium Payment Term	Limited Pay or Regular Pay

* You can also use a term insurance premium calculator to check the premium amount you would need to pay for the desired sum assured.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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⁺Standard T&C Applied

What are the Benefits of Bajaj Allianz Life eTouch Term Plan?

Let us take a look at some of the Bajaj eTouch term plans in India;

Plan Options: There are 3 plan options available with this plan:
- Life Shield
- Life Sheild Plus
- Life Sheild ROP
Death Benefits: On the death of the policyholder during the policy term, the insurer will payout the life cover amount to the nominee of the policy.
Terminal Illness: In case the policyholder is diagnosed with a terminal illness during the policy term if the life cover is less than 2 Crores, the entire sum assured will be paid to the policyholder. In case the life cover is more than 2 crores, the insurer will pay 2 crore on the diagnosis, and the rest will be paid on the death of the policyholder.
WOP Benefit on ATPD/TI: On the diagnosis of accidental total permanent disability (ATPD) or terminal illness, the insurer will waive off all the remaining premiums.
Accidental Death Benefit: In case of the accidental death of the policyholder, an additional amount on top of the base life cover will be paid to the nominee of the policy.
Return of Premiums: With the ROP options, you will be eligible to receive the premiums paid on the survival of the policy term at policy termination. The returned amount will be paid as a lump sum, exclusive of GST and other nominal charges.
Early Exit Benefits: This term insurance plan allows customers to exit the plan within a certain stage and receive all the premiums paid at the termination of the policy.
Life Stage Benefits: Customers can increase their base sum assured at different life stages like marriage, childbirth, and home loans.
Premium Holiday: You can skip premium payments for 1, 2, or 3 years during teh policy term, provided all the premiums are duly paid. During this holiday, the policy will continue its benefits and coverage.
Death Benefit Payment Options: You can choose for the death benefit payout to be paid in lump sum or monthly income.

Why Consider Buying Bajaj Allianz eTouch Term Plan?

Here is a list of reasons why you should consider buying Bajaj Allianz life insurance plan:

Smooth Claim Settlement: Bajaj Allianz has a very smooth claim settlement procedure, as there are very few people who file for a claims complaint. This means that most customers had an easy and quick claim settlement.
Claim Settlement Ratio: Bajaj Allianz has a claim settlement ratio of 99.02%, which means the company is a reliable insurer. This means, that the company has a better chance of settling your family’s potential claims in the future.
Track Claims Online: With Bajaj eTouch term plan, your nominee can keep track of their claims online via their Bajaj Allianz life insurance login portal.

Note: Know what is term insurance first and then buy a term plan for your loved ones.

Wrapping it up!

As it is an online term plan of Bajaj Allianz life insurance, this plan is time-convenient and saves you from the hassle of paperwork. To sum up, Bajaj Allianz eTouch online term insurance plan is a complete life insurance solution that focuses on providing a complete protection against the 3 Ds of life- Death, Disease, and Disability.

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

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.