Top Term Insurance Plans

A life insurance solution is a combination of two or more life insurance products or riders that offer comprehensive coverage to you and your family. A life insurance solution is different from a simple life insurance policy as the features of multiple products/riders are combined to offer multiple benefits on your policy premiums, life cover, and so on.

Which are the riders# available under this policy?

You can choose a minimum sum assured of ₹50 Lakh for your term insurance solution under the Life Option or the Life Plus Option, as applicable.

Yes, a whole life coverage option is available under the Tata AIA Life Insurance Sampoorna Raksha Supreme Protect until 100 years of age.

One claim can be filed by your nominee under the Tata AIA Life Insurance Sampoorna Raksha Supreme Protect solution for the death benefit, which includes the policy sum assured as well as the Term Booster benefit. In case of the diagnosis of a terminal illness, you can submit the required medical reports and documents for the Term Booster benefit payout.

The minimum entry age for the new Max Life term insurance is 18 years, and the maximum age is capped at 65 years. As per the plan, you pay till the age of 60, and the maximum entry age is 44 years.

The premium payment options under this plan are single pay or regular pay. You can alternatively choose a limited pay duration (5 pay, 10 pay, 12 pay, 15 pay, or pay till 60) of the premium payment. The frequency of the premium payment can be annual, half-yearly, quarterly, or monthly.

The policyholder has a period of 15 days (30 days if the policy is sourced through Distance Marketing modes) from the date of receipt of the policy document to review the terms and conditions of the Policy, where if the policyholder disagrees with any of those terms or conditions, they have the option to return the Policy stating the reasons for their objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to the deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

Annualised Premium is the base premium amount payable in a year which the policyholder chooses, depending on the policy period and sum assured. The Annualised Premium remains the same irrespective of the premium payment mode. ‘Annualised Premium’ shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. The Annualised premium remains the same irrespective of the premium payment mode.

Policy withdrawal is possible after 5 years during which there is no surrender charge.

Bajaj Allianz Life eTouch Term offers a Premium Holiday option – where you can skip paying premiums for 1, 2 or 3 years during the policy term (as per your choice).

Entry Age. For Life Shield Plus variant: Minimum Age: 18 years. Maximum age: 65 years.

Accidental Death Benefit Rider: With this rider, your family will be paid an additional amount of money, if you pass away due to an accident.

The claim settlement ratio of Bajaj Allianz Life Insurance is 98.48% for the financial year 2021-22 as per IRDAI Annual Report. This is considered a high CSR which means for every 100 claims received, 98 claims are settled.

Customers can avail up to 10 percent (cumulative) discount on Bajaj Allianz Life's flagship Term Plans - Bajaj Allianz Life eTouch and Bajaj Allianz Life Smart Protection Goal, the insurance firm said in a statement.