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Bajaj Allianz Term Insurance FAQs

46 reviews Rate This
Claim Settlement Ratio98.48%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For11,887 Policies
Presence759 Branches
Total Death Benefit PaidRs. 310.71 Crore

Term Life Insurance Premium Calculator


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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Bajaj Allianz Term Insurance Plans

1 Crore
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
    Tax Free
    1 Cr
Starting From 1398/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
  • Accidental Death
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  • I am newly married. What benefit will I get on buying term insurance from Bajaj Allianz Life?

    By buying term insurance, especially joint term insurance policy, like Life Smart Protect Goal Term Insurance Plan you can help your spouse gain financial support in the event of your unfortunate death.

  • What are some of the term insurance riders that I can benefit from?

    Some of the prime term insurance riders that benefit in different scenarios other than death include accidental death benefit, accidental partial/total permanent disability benefit, critical illness cover, waiver of premium benefit and more.

  • Can I buy multiple term insurance policies from Bajaj Allianz Life Insurance?

    Yes, you can! However, it is advisable to buy only a certain number of term plans that do not hamper your life goals.

  • Under what circumstances can I opt for the Waiver of Premium Benefit rider?

    The waiver of premium benefit is available in case of critical illness (including accidental total permanent disability) or death of the life assured.

  • Will I get the benefit of choosing from multiple premium paying terms?

    Bajaj Allianz Life term insurance will provide you with multiple premium paying term options like single, limited and regular so that your needs are met.

Claim Settement

  • Are deaths due to COVID-19 covered under Bajaj Allianz life insurance plans?

    Yes, deaths caused by COVID-19 are covered under Bajaj Allianz life insurance policies.

  • How much time does Bajaj Allianz Life Insurance take to settle a claim?

    It takes 30 days for Bajaj Allianz Life Insurance to prove the claim decision. It may take 120 days to get the claim settled if the claim requires any kind of investigation.

  • How much time does Bajaj Allianz Life Insurance take to approve the claim?

    Bajaj Allianz Life Insurance Company approves a claim just 1 after receiving the intimation, in case the investigation is not required.

  • What is the claim settlement ratio of Bajaj Allianz Life Insurance?

    Bajaj Allianz Life Insurance has had a CSR of 98.02% in the FY 2019-20.

  • What happens if the nominee dies?

    If in any case the nominee passes away or is not mentioned in the insurance policy then the claim is paid out to the legal heir.

Over View

  • What benefits will I get if I buy term insurance?

    Some of the benefits that you get on buying term insurance include affordable premium, return of premium option, flexibility in premium payment, death benefit, flexible policy terms and more.

  • Why should I buy term insurance from Bajaj Allianz?

    You should choose Bajaj Allianz to buy a term insurance plan to make the most of benefits like high CSR (98.02%), vast network across the country, large product variety with excellent features, prompt claim settlement and more.

  • Can I buy a joint term insurance plan with my spouse?

    Yes! You can choose Bajaj Allianz Life Smart Protect Goal policy that will help you avail the benefit of joint cover for you and your spouse.

  • Which are some of the Bajaj Allianz term insurance plans that I can buy online?

    Life Smart Protect Goal, eTouch Online Term, and iSecure are some of the Bajaj Allianz term insurance plans that you can easily buy online.

  • Who can purchase term insurance at Bajaj Allianz Life Insurance?

    Any individual between 18 years and 65 years can buy Bajaj Allianz Life Term Insurance plan that meets their requirements perfectly.


  • What is the toll-free number of Bajaj Allianz Life Insurance?

    Toll-free number of Bajaj Allianz Life Insurance is 1800-209-7272.

  • What is a Term Insurance Plan?

    Term insurance plan is a life insurance policy type that provides financial security to your family for a specific time period. Term insurance plans have cost-effective premiums and come with additional rider options.

  • What are the online term insurance plans offered by Bajaj Allianz Life Insurance?

    Some of the online term insurance plans offered by Bajaj Allianz include Life Smart Protect Goal, eTouch Online Term, and iSecure.

  • Are medical tests necessary while purchasing Bajaj Allianz Life Term Insurance plans?

    Medical tests are required while purchasing some of the Bajaj Allianz Life Term Insurance plans but Bajaj Allianz LifeStyle Secure does not require any medical examination before purchasing it.

  • Why should I purchase Bajaj Allianz Life Term Insurance plans?

    Bajaj Allianz Life Term Insurance offers multiple add-ons also known as riders, these add-ons help in providing additional benefits. 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.

Premium Calculator

  • What are the factors that determine Bajaj Allianz Life Insurance term insurance premium?

    Various factors like the insured sum, the policy term, gender, your age, and smoking habits determine the premium amount.

  • Is the Bajaj Allianz Life Term Insurance premium calculator trustworthy?

    Yes, this calculator is an excellent tool which will provide you with an accurate premium amount depending on your inputs.

  • Does adding any riders to my insurance plan increase the premium?

    The premium amount gets increased with the addition of any of the optional additional riders. The reason is because additional riders provide additional benefits at a little extra cost.

  • Does age affect the calculation of the premium?

    Yes, age affects the calculation of the overall premium because it is considered that if the age is higher the risk will increase which increases the premium.

  • Do insurance plan premiums get affected by personal habits?

    The premium for smokers as well as those who consume tobacco or alcohol is generally on the higher side as they are considered to be in the high-risk category. It must be noted that the premium is different for tobacco/alcohol consumers and non tobacco/alcohol consumers.

Bajaj Allianz Term Insurance User Reviews

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    On: Oct 03, 2023
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Bajaj Allianz Term Insurance Contact Details

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Claim Process at Bajaj Allianz Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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