Why Bajaj Allianz Life ?

Number Of Lives Covered^#

AAA; Stable Rating By CARE^$

Solvency Ratio Of 516%^{^}

Claim Settlement Ratio Of 99.04%^~

Amount of Individual claim paid from FY 2006-07 to FY 2022-23

Total Assets Under Management (AUM)

Key Benefits

Accidental Death Benefit²
Accidental Death Benefit will be Extra payout in case of death due to accident

Exit Early Option^%
Get back your paid premiums as Early Exit Value (after your need for cover is over)

Premium Holiday
This option helps you to skip your premiums for 1, 2 or 3 years during the premium payment term.

Waiver of Premium Benefit on Accidental Total Permanent Disability/Terminal Illness^&
If Accidental Total Permanent Disability / Terminal Illness is diagnosed, premiums are waived off during the policy term.

Avail Tax benefits⁶
Tax Benefits available on what you pay & what you or your family receive, as per extant Income Tax Act

How does the Plan works?

Choose your Sum Assured: Decide on the level of protection by choosing the sum assured you need to safeguard your family's future.

Choose your Death Benefit Payment option. Select how your family will receive the Death Benefit in your absence. A one-time lump sum or Partly as Lump sum & partly as monthly income for 60 months.

Choose your Policy Term and the Premium Payment Term: Select the period for which you want to get life insurance protection and the period for which you want to pay the premium.

Choose your Premium Payment Frequency: Select the period for which you want to get life insurance protection and the period for which you want to pay the premium.

Customer Speaks

Helpful Best Policy

Bajaj Allianz employee was really helpful, she helped me to select the best policy. It's been a very pleasure experience with Bajaj Allianz

Chetan Rachh

Seamless experience

I had a seamless experience when i bought smart protect goal, the entire journey was smooth, smart assist feature made hassle free login of the case. The journey was self explanatory and easy to understand and complete.

Gunjan Sharma

Great experience

Had a great experience with Online Buying process of BALIC. It was very simple & helps you with suggestions if you find any obstacle. Thank you for hassle-free Experience...

Ayush Agarwal

Keep these documents handy

Recent Photograph

Coloured Photograph

Photo ID Proof
(Any One)

Aadhar Card
Passport
Driving License
Voters ID

Age proof
(Any One)

Aadhar Card
Passport
Driving License
Birth Certificate
Baptism Certificate or PAN card

Address proof
(Any One)

Aadhar Card
Passport
Driving License
Voters ID

Income Proof
(Any One)

Last 3 month of salary slip and 6 months of bank statement showing salary credit (For Salaried)
Last 2 Years ITR and computation of Income (For Self-Employed), etc.

Keep these documents handy

Recent Photograph

Coloured Photograph

Photo ID Proof

Aadhar Card
Passport
Driving License
Voters ID

Age proof

Aadhar Card
Passport
Driving License
Birth Certificate
Baptism Certificate or PAN card

Address proof

Aadhar Card
Passport
Driving License
Voters ID

Income Proof

Last 3 month of salary slip and 6 months of bank statement showing salary credit (For Salaried)
Last 2 Years ITR and computation of Income (For Self-Employed), etc.

Frequently Asked Questions

Type your question here...

What is a term insurance plan & how does it work?

A term insurance plan is a simple form of life insurance. Term plans do not have an investment component and hence provide no maturity benefits. The policyholder pays premiums to the insurance company and the insurer in return promises to pay a pre-decided amount to the nominees in the event of the policyholder’s death.

Since term plans do not provide maturity benefits, the plan simply terminates at the end of the policy term. Many customers have expressed their concern on losing out of money if there are no claims made during the tenure of the term insurance plan. To address this Life Insurance companies also offer Term insurance plans with ‘Return of Premium' option. It means that if the policy holder survives the policy term, then the life insurance company returns the premiums paid towards the policy, subject to certain deductions, depending upon the terms and conditions of the policy.
Click to read more about Term Plans.

How do I determine my suitable term insurance coverage amount?

Term insurance coverage may vary according to age. It should be calculated after taking into account the debt, assets and life goals of the family during that particular time. You can use the term insurance calculator as an indicator to get a better idea of your term insurance coverage requirements. However, it is always best to analyse your needs and current lifestyle before deciding the coverage amount required to secure your family’s life goals.

It is good idea to buy a term insurance plan when you are young. The premiums of term insurance are low when the individual is young as young people have a lower chance of contracting life-threatening diseases or death, thus lowering the risk for the insurer. A decision taken early can help you save a sizeable premium over the years simply because you acted on time as the premium in an insurance plan is fixed for the entire duration. The sooner, the better.
Click to read more about Term Plans.

What are the documents required for buying term insurance plan?

You will need a recent photo, identity and address proof, age proof, proof of income and medical reports to buy a term insurance plan.

The requirements may vary and additional documents may be sought depending on underwriting assessment.
Click to read more about Term Plans.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life eTouch are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. IRDAI Reg. No.: 116. CIN : U66010PN2001PLC015959 | Mail us : customercare@bajajallianz.co.in | Call on : Toll free no. 1800 209 7272 | Bajaj Allianz Life eTouch (UIN: 116N172V03), The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

³5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium. 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

^~ Individual Death Claim Settlement Ratio for FY 2022-2023

^{^}Solvency ratio 516% as at 31st March 2023 against IRDAI mandated 150%

^**All figures as on 31 January, 2024

^#Individual & Group as on 29th February 2024

²Accidental Death Benefit is available with Life Shield Plus variant

^&Waiver of Premium Benefit On Accidental Total Permanent Disability/Terminal Illnessis available for all variant

⁶Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

^%Early Exit Value is available with Life Shield & Life Shield Plus variants

^{^1}Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V03) considering Male aged 25 years| Non-Smoker | Policy Term(PT)– 30 years| Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs.50,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs.4,923. 2nd Year onwards premium Rs.5,256. Total Premium Paid is Rs.1,57,347 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage:45, Income Payout Percentage:55) | Premium shown above is exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.This is exclusive of all the discounts mentioned above.

^{^2}Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N172V03) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years|Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1^st Year Premium is Rs.6,238. 2^nd Year onwards premium Rs.6,659. Total Premium Paid is Rs.1,99,349 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments(Lumpsum Payout Percentage:45, Income Payout Percentage:55) | Premium shown above is exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. This is exclusive of all the discounts mentioned above.

^{^3}Above illustration is for Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V03) considering Male aged 22 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 7,493. 2nd Year onwards premium is Rs. 8,869. Total Premium Paid is Rs. 2,64,694 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments (Lumpsum Payout Percentage : 45, Income Payout Percentage : 55) | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. This is inclusive of all the discounts mentioned above.

^$For details refer to press release published by CARE

BJAZ-OT-EC-06616/24

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Premium Increasing Soon! Get Up To 17% Discount On First Year Premium3

Why Bajaj Allianz Life ?

Key Benefits

How does the Plan works?

Customer Speaks

Keep these documents handy

Keep these documents handy

Recent Photograph

Photo ID Proof

Age proof

Address proof

Income Proof

Frequently Asked Questions

What is a term insurance plan & how does it work?

How do I determine my suitable term insurance coverage amount?

What are the documents required for buying term insurance plan?

Premium Increasing Soon!

Premium Increasing Soon!
Get Up To 17% Discount On First Year Premium³