Bajaj Allianz Life Insurance Claim Settlement
Claim Settlement Ratio | 98.48% in FY 2020-21 |
Customer Care | 9:00 AM to 7:00 PM |
Death Benefit Paid For | 11,887 Policies |
Inception | 2001 |
Presence | 759 branches |
Total Death Benefit Paid | Rs. 310.71 Crore |
Term Life Insurance Premium Calculator
Gender
- Male
- Female
Date of Birth
Do you smoke or chew tobacco?
- Yes
- No
Choose required coverage to secure your family’s future
Claim Settlement of Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance Company follows a quick and hassle-free claim settlement. The insurance company has featured a high claim settlement ratio of 98.48% in the FY 2021-20. Bajaj Allianz Life Insurance Company ensures that the claims are approved in just 1 after receiving the claim intimation in case the investigation is not required. Bajaj Allianz Life Insurance Company ensures complete transparency to avoid any possible deceit. The nominee/claimant can request for a claim by visiting the Bajaj Allianz Life Insurance branch.
-
How To Make Claim
Bajaj Allianz Life Insurance Claim Settlement Process
The claimant can request and submit the claim at any Bajaj Allianz Life branch office. Bajaj Allianz Life follows a simple three step claim settlement process. The nominee/claimant can generate and download the claim intimation form from the Bajaj Allianz Life website. The claim settlement process for Bajaj Allianz Life insurance plans is as follows:
Step 1: Claim Reporting
The nominee/claimant is required to fill a form online on the Bajaj Allianz Life website and download it. Along with the form the nominee/claimant is required to attach the required documents and submit the form and documents at any nearest Bajaj Allianz Life Insurance branch.
Step 2: Claim Processing
This stage involves assessment of the provided claim documents to avoid any possibility of deceit and to make sure that if any additional documents are required they are submitted immediately.
Step 3: Claim Settlement
After collecting the required documents and assessing the claim, the claim benefit amount is paid out to the nominee/claimant after a careful examination of the claim.
-
Documents Required
Documents Required for Bajaj Allianz Life Insurance Claims
Following is the list of documents required for Bajaj Allianz Life Insurance Claims:
Type of Claim
Documents Required
Natural Death
- Original Policy Document
- Copy/Original Death Certificate issued by local authority
- Claim Intimation Form
- Claimant’s Photo ID Proof
- Claimant’s Address Proof
- Bank Details such as Copy of Cancelled Cheque/Copy of Bank Statement/ Copy of Bank Passbook.
- Copy of All Medical Reports such as test reports, discharge summary or death summary.
- Attending Physician’s Statement Form
Accidental/Unnatural Death
- All the natural death claim documents
- Copy of FIR/Punchnama
- Copy of Post Mortem Report
Critical Illness Claim
- All the documents mentioned in natural death claim
- Hospital Bills
- Critical Illness Claim Form
Disability/Hospitalization Claim
- All the mentioned documents in natural death claim
- Attested Medical Records
- Disability Benefit Claim Form
Explore Bajaj Allianz Life Insurance
Latest News on Bajaj Allianz Life Insurance


Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers
Claim Process at Bajaj Allianz Life Insurance
Best Insurance Advisors in Your City.
Bajaj Allianz Life Insurance Claim Settlement FAQs
-
Does Bajaj Allianz Life Insurance plans cover death due to COVID-19?
Yes, Bajaj Allianz Life Insurance plans cover death caused by COVID-19. The plans offered by Bajaj Allianz Life Insurance also cover hospitalization expenses that take place while COVID-19 treatment.
-
Can I submit the claim documents online ?
No, the claimant has to submit the claim form and required documents at any Bajaj Allianz Life Insurance branch only.
-
How much time does Bajaj Allianz Life Insurance take to settle a claim?
Bajaj Allianz Life Insurance takes 30 days to deliver the claim decision. If the claim requires any type of investigation it may take 120 days for the claim to be settled.
-
How will I receive the claim payout ?
The claimant will receive the claim payout through electronic funds transfer and will directly be transferred to the claimant’s bank account.
-
What is the right time within which the claim has to be reported?
The claim should be reported by the earliest for smooth processing of the claim.
Bajaj Allianz Life Insurance Contact Details
Bajaj Allianz Life Insurance
1800-209-7272Mon to Sun 9:00 AM to 7:00 PM