Bajaj Allianz Term Insurance Benefits

Term insurance offered by Bajaj Allianz Life Insurance is widely sought after. One of the key reasons is because the terms plans offered provide optimum financial protection to a policyholder’s family members in the event of an unfortunate incident. In case of the death of the policyholder, the loved ones receive financial assistance. In other words, the nominee receives the complete sum assured from Bajaj Allianz. A policyholder can extend their benefits by investing in additional riders that come at a minimal premium cost only to provide immense support at the time of need.

Bajaj Allianz Life Term Insurance Benefits

Benefits associated with Bajaj Allianz Life term insurance include:

• Affordable Plans: Bajaj Allianz strives to provide comprehensive life cover at affordable prices that not only fulfills an individual’s insurance requirements but also fits in their budget.
• Multiple Add-ons: Bajaj Allianz Life offers multiple add-ons also known as riders like Accidental Death Benefit, Accidental Total Permanent Disability,Critical Illness Cover and Waiver of Premium Benefit. These add-ons help in providing additional benefits.
• Flexibility to Choose Premium Payments: The policyholder has an option to choose the premium paying term of the term insurance plans according to their convenience.
• Tax Benefits: Some of the Bajaj Allianz Life term insurance plans offer tax benefits. Premiums paid are eligible for tax benefits under Section 80C and death benefits are also eligible for tax benefits under Section 10(10D) of the Income Tax Act.