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Bajaj 1 Crore Term Insurance

Ensuring your family's financial security requires indepth and careful planning and a commitment to make their future free of stress. The Bajaj 1 Crore term insurance plan offers a Rs. 1 Crore death benefit to your nominee if you pass away during the policy term. Bajaj Allianz Life Insurance provides this coverage at affordable premiums, ensuring your loved ones are financially protected. Here are the details of the Bajaj 1 Crore Term Insurance.

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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.
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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.
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What is the Bajaj 1 Crore Term Insurance Plan? 

Bajaj 1 Crore Term Insurance Plan provides financial security to your family in the event of your sudden death. Hence, a 1 Crore term plan offered by Bajaj Allianz Life Insurance helps by providing a lump sum death benefit of Rs. 1 Crore so that you can make sure your loved ones have a financially protected future.

Why Buy Term Insurance from Bajaj Allianz Life Insurance?

You should buy Term Insurance from Bajaj Allianz Life Insurance because of the following reasons:

Bajaj Allianz Life Insurance Highlights
Bajaj Allianz Life Insurance Claim Settlement Ratio (CSR) 99.23% (FY 2023-24)
Bajaj Allianz Life Insurance Solvency Ratio 4.51 (FY 2023-24)
Bajaj Allianz Life Insurance Riders Critical illness rider, Hospital cash rider, Waiver of Premium rider, Accidental death benefit rider
Amount of Individual Claims Paid By Bajaj Allianz Life Insurance  Rs. 6,418.97 Crores (from FY 2006-07 to FY 2023-24)
Number of lives covered by Bajaj Allianz Life Insurance 4.19 Crores
CARE Rating for Bajaj Allianz Life Insurance AAA; Stable Rating by CARE
Claim Approval of Bajaj Allianz Life Insurance Approval Done Within 1 Day*

*Note: 1 day is counted from the date of intimation of claim (before 3 PM, on a working day)

What are the Benefits of Buying Bajaj 1 Crore Term Insurance? 

Here are some of the key benefits of buying the Bajaj Term Insurance plan for 1 Crore life cover:

  • Budget-Friendly Coverage: The 1 Crore term insurance plan by Bajaj Allianz Life Insurance is affordable, providing basic term plan benefits at lower premiums, starting at Rs. 478/month.

*Note: Result for 18-year old male buying Bajaj 1 Crore term plan for 20 year policy term.

  • Added Protection: The Bajaj 1 Crore term insurance plan includes extra benefits through riders, offering protection for risks like accidental death benefit, terminal illness benefit, critical illness benefit, and waiver of premium benefit.

  • Financial Support for Your Family: The Bajaj 1 Crore Term Insurance plan ensures your family's financial needs are met in the case of your unfortunate demise. Your nominees can also use the death benefit to settle loans, manage debts, or cover household and personal expenses.

  • Easy Online Purchase: Buying a Bajaj 1 Crore Term Insurance plan online is simple and convenient, saving you from visiting a Bajaj branch or waiting in queues. Through Policybazaar, you can buy the plan easily from the comfort of your home on online mediums, such as Policybazaar website/app.

  • Flexible Payouts: You have options on how you receive your term insurance death benefit payout. For example, you can choose a lump sum or get monthly income payments, giving you more control over managing your expenses.

  • Tax Benefits: Another significant benefit of choosing the best 1 Crore term plan is eligibility for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.

*Note: You can use the term insurance calculator for estimating your term insurance premium. You can also use the HLV Calculator to find out the most suitable life cover for your family’s security.

Best Bajaj 1 Crore Term Insurance Plan – Bajaj Allianz Life eTouch

The best Bajaj 1 Crore Term Insurance that you can easily buy online from Policybazaar is Bajaj Allianz Life eTouch

The Bajaj Allianz Life eTouch online term plan is a pure risk protection plan that provides financial protection to the policyholder's family in case of his/her death during the policy term. The plan offers comprehensive coverage at affordable premiums with three plan options to choose from.

  1. Features of Bajaj Allianz 1 Crore Term Insurance Plan 

    Here are some reasons why you should consider buying the Bajaj Allianz Life eTouch plan:

    • Get comprehensive life cover for yourself and your family with this life insurance plan.

    • Select from 3 plan variants for enhanced protection:

      • Bajaj Allianz eTouch Term Plan – Life Shield

      • Bajaj Allianz eTouch Term Plan – Life Shield Plus

      • Bajaj Allianz eTouch Term Plan – Life Shield ROP

    • Avail maturity benefits if you survive the policy term.

    • Get extra payout for accidental death with the accidental death benefit rider.

    • Enjoy early exit and get back all premiums paid when the term plan is no longer needed.

    • Use the Premium Holiday feature to skip premiums for 1, 2, or 3 years during the payment term.

    • Women can get up to Rs. 36,500 worth of free health management services annually, including health check-ups, screenings, and consultations.

    • Non-tobacco users pay lower premiums for a healthy lifestyle.

    • Claim tax benefits under the Income Tax Act of 1961.

  2. Eligibility Criteria of Bajaj Allianz Life eTouch Online Term Plan

    The eligibility conditions to buy Bajaj Allianz Life eTouch Online Term Insurance Plan are as follows:

    Criteria Minimum Maximum
    Entry Age 18 years 65 years
    Maturity Age 28 years 99 years
    Policy Term 10 years 99 years
    Sum Assured 50 Lacs No Limit
    Premium Payment Terms Regular and Limited Pay
    Premium Payment Modes Monthly, Quarterly, Half-yearly, and Yearly

How to Buy Bajaj 1 Crore Term Insurance from Policybazaar?

Here are the steps to buy a 1 Crore term insurance plan from Policybazaar:

Step 1: Visit Policybazaar’s official website and click on ‘Term Insurance’ 

Step 2: Fill in your basic details like Name, DoB, and contact number and click on ‘View Plans’. 

Step 3: Answer questions regarding smoking habits, annual income, type of occupation, and educational qualifications. Do not forget to select 1 Crore as your life cover.

Step 4: A list of all available term insurance plans will be displayed. Select the Bajaj Allianz Term Insurance plan from the available list.

Step 5: Pay using your preferred payment method to complete the purchase.

How Can You Contact Policybazaar To Buy Term Insurance Plan?

You can contact the below mentioned helpline numbers:

To Buy New Policy:

To buy a new policy, call Policybazaar's helpline at 1800-208-8787.

For Help Regarding Existing Booking:

To get help regarding existing book, call Policybazaar’s helpline at 1800-258-5970.

Claim Assistance Helpline:

For claim support, call Policybazaar's helpline at 1800-258-5881.

Manage your claims conveniently by logging into 'My Account' on the Policybazaar website.

Policybazaar App:

Download the Policybazaar app for prompt customer support. You can address any insurance-related questions directly through the app.

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

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/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 38 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.

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+Rs. 820/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 38 years of age.

+Rs. 1,443/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 38 years of age.

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