The option to pay a top-up premium is available. Customers can choose a policy term, based on their insurance needs. Depending on the policy term, you can increase your insurance cover upto two times the sum assured. This is not the case in the joint life approach. The insurance coverage is provided for a specific duration, i.e., for 30 years or up to 75 years of age. Bajaj Allianz Life Insurance has been awarded the “SKOCH Financial Inclusion & Deepening Award 2015” in the Platinum Category and “Claims Service Company of the Year”.It has been recognized as “The Economic Times Promising Brand for 2015”.LOKMAT BFSI Awards 2014 conferred this Company as “Best Life Insurance Company – Private Sector”. Bajaj Allianz iSecure is a non-linked, non-participating, regular premium term insurance plan that secures your family's financial future at an affordable cost. Understand all the important features of a term insurance policy and its benefits. This plan provides you a way in which you can gift the land owners/members and their families a regular income in the form of an annuity. The plan provides comprehensive coverage at death or accidental disability. Special rates are provided for female customers. The unit linked life insurance policies offer the advantage of insurance protection and wealth creation under one single policy. The plan offers a minimum Guaranteed Interest Rate and an Additional Interest Rate. To keep up with the changing requirements of the insurance seekers and to provide their customers with a seamless experience of policy purchase, Bajaj Allianz … For any reason, if the insured/policyholder wants to cancel a Bajaj Allianz General Insurance policy, the procedures for different types of insurance categories are different. Bajaj Allianz has partnered with General’s Health Guard to launch the third combo product in India. BBazaar Marketing and Advisory Services Private Limited, Registered Office - Module No 601, 6th Floor, TICEL Bio Park Phase-II, No 5, CSIR Road, Taramani, Chennai, Tamil Nadu, India - 600113. The policy was in lapsed status when the claim was raised. Once the documents are submitted, the claim will be initiated in the Bajaj Allianz Life Insurance system by a branch assistant. The policy benefits can be availed in the form of monthly installments. This is a low-cost life insurance plan that also offers savings to the customer. Disclaimer. Go down and take your cursor to 'Step1' and click on 'Read more'. The death benefit can be taken in equal monthly installments by the nominee. EEZEETAB App is for the Partners of Bajaj Allianz General Insurance. Bajaj Allianz Life Insurance Company does not provide any warranty or assurance that the Policyholder will be, by virtue of purchasing this Policy, eligible for any income tax or other tax rebate or relief. If the Critical Illness (CI) rider is triggered, the payout is made in full, and the rider then ceases to exist. Disclaimer. The customers can benefit by getting a free service or reimbursement in case they lose or damage their mobile phone. Attractive rates are offered for female customers. Bajaj Allianz has also been conferred with many awards, including: The company was awarded the “Best Digital Customer Experience Initiative” for Life Assist Customer Portal at the Customer Loyalty & Experience Awards 2018 at the 11th edition of The Customer FEST Show. The product being offered is a simple life insurance plan with accidental death benefit and will be easy to understand. The policy provides a guaranteed monthly income to customers. Bajaj Allianz Term Insurance Plans: This is the purest and most economical form of life insurance. Bajaj Allianz Life Insurance Company has partnered with General Insurance Companies in India to launch third such type of combo product in the country. Insurance is the subject matter of solicitation. There are three riders- Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Accidental Death Benefit Rider, and Bajaj Allianz Waiver of Premium Benefit Rider. Bajaj Allianz life insurance customers can get a loan of up to 90% of surrender value of the policy Bajaj Allianz offers loan against life insurance policy: All you need to know 2 min read . There is an SMS facility using which policyholders can enquire about the status of their policy. The plan provides a regular income for the family, as plan benefits are paid out in monthly installments. Fax no: 020-30512246. For senior citizens: seniorcitizen@bajajallianz.co.in. This is a non-linked, non-participating, renewable group term insurance plan. The e-Vahan Bima comes with a QR code which contains all the insurance policy details. It is possible to decrease the sum assured and alter the premium payment frequency as well. Note: Premium Payment shall be made by the Policyholder of the Policy. The Bajaj Allianz Life Insurance policy fund value is determined by the performance of the fund in which the money of the policyholder is invested. A bank that has account holders between the age of 18 and 50 years can enrol in the plan. Tollfree: 1800-209-0144 | 1800-209-5858. Registered Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006 EEZEETAB App is one stop solution for Partners all needs. The bank has now entered into a partnership with Bajaj Allianz Life Insurance to distribute their life insurance products. Based on the Bajaj Allianz product you have chosen, you will be required to pay for the insurance either through a ‘single premium’ or a ‘regular premium’. If the ACI was already paid, then the sum assured at death minus the paid ACI benefit is payable. We thank you for being a valued customer", Premiums as low as Rs.17/day for sum assured of Rs.1 crore*, Claim up to Rs. It has also suffered damages in life and property to the tune of thousands of crores. The scheme helps in building a retirement fund so that the employee receives a regular flow of income after retirement. Based on the premium payment term, you can get a Guaranteed Death Benefit of up to 300% of the sum assured. Bajaj Allianz offers numerous insurance products which include motor insurance, health insurance, home insurance, life insurance, and so on. Bajaj Allianz Life Insurance Company has announced a growth of 47% in its new business premium collection in Q1 of FY19 in Karnataka. Bajaj Allianz Car Insurance policy cover includes: Damage or loss due to natural calamities . The customer has the choice of 3 policy terms, while the premium payment term remains fixed. We were ranked amongst the Top 100 Annual Reports worldwide for the fiscal year 2016-17 and also received the Gold Award for excellence in the industry for annual report development. After 6 months, Ajaj met with an accident and died on the spot. The group plans offered by Bajaj Life Insurance are: A variable insurance plan financially protects the family of the policyholder from all uncertainties at an affordable price. A total of 60 days can be claimed under Hospital Cash Benefit (HCB) rider in a policy year. To help our customers self-service their policy from anywhere, anytime, we have introduced Bajaj Allianz Life—Life Assist. Free-look period In comparison, the the insurance provider had issued 1,425 policies in the state during the corresponding period in the previous financial year. How To Buy Bajaj Allianz Life Smart Protect Goal Term Plan? Bajaj Allianz Car Insurance policy covers the policyholder in case of loss or damage due to natural calamities like earthquake, typhoon, flood, hurricane, cyclone, storm, fire, self-ignition, explosion, landslide, etc. As of now, the company is getting claim intimations related to property damages from people who are in other locations. Bajaj Allianz Life Insurance Company does not provide any warranty or assurance that the Policyholder will be, by virtue of purchasing this Policy, eligible for any income tax or other tax rebate or relief. Bajaj Allianz Life Insurance – Service on Wheels! The Bajaj Allianz Health Insurance plan, Covid Kavach, is extremely beneficial to anyone who wants to be completely prepared to face the pandemic. Medical examinations are not required to avail the policy. IPPB has 3,250 access points, 11,000 doorstep service providers, and 1.55 lakh points of service. The Department of Posts recently launched a Payments Bank by the name India Post Payments Bank (IPPB). Disclaimer: By using above SMS services kindly note that you would be authorizing to receive call(s) / SMS from Bajaj Allianz Life Insurance Co. Ltd through its representatives on your tele-contact no with respect to the query for which you have requested call back even if it is registered under NCPR/NDNC registry with your telecom operator. Customers have the option to pay a top-up premium. The savings plans offered by Bajaj Life Insurance are: An investment plan offers life insurance coverage and investment benefits under a single policy. The customer is required to submit the following documents to Bajaj Allianz to surrender his/her policy: A. Customers can choose to avail the death benefit in the form of a monthly income. His nominee got Rs.25 lakhs as a death benefit. The life insurance riders offered by Bajaj Allianz are: A. No surrender benefit is payable under the policy. Kerala is currently battling the worst natural calamity it has faced in the last century. Group Employee Benefit plan assists employers in meeting obligations towards employees by helping them set and manage funds for leave encashment and gratuity benefits. Bajaj Allianz General Insurance Company. Shield - The benefit payable under this variant is: In the event of accidental total permanent disability, the remaining premiums under the plan are waived off and the other insurance benefits continue. The plan is available in variants such as: The plan protects you and your family from loan liabilities. The prospect's details can be shared with the insurance companies, CIN: U72900HR2013PTC050932 PolicyX.com Insurance Web Aggregator Private Limited, Registered Office: 1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India. The advantages with term insurance include low premiums and death benefits, which will be paid to the nominee as a lump sum or as a monthly income in case of an unexpected event of death of the insured within the policy period. We were awarded the SKOCH Order of Merit for Micro Insurance Segment Leadership, Digital Claim Settlement Process and Digital Initiatives for Customer Services. You are free to choose the Sum Assured of a maximum up to Rs.5 lacs. Bajaj Allianz Policy Status Check. The industry experts say that the changes will make the products more customer-friendly and give it more flexibility for insurance companies to offer better products. The suggestion is to make the limit the same across all age bars. Being one of the top players in the market, the company has extensive presence all over the country. The investment plans offered by Bajaj Life Insurance are: A retirement plan is a systematic investment and savings option that helps you organise your finances, so that you accumulate a significant amount in your retirement corpus. The Bajaj Allianz Life Insurance Policy Status Check Online is available to Policy Holders by giving the Policy Number and Necessary Details. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz. The digital insurance plan of e-Vahan Bima has a QR code that comprises complete details of the insurance policy. Customers can also avail the maturity benefits in installments, if required. Customers can choose from 4 policy terms. Bajaj Allianz Life Insurance NAV: Get the latest NAV, Plans and Policies offered by Bajaj Allianz Life Insurance. The plan provides the dual benefits of life insurance cover and returns from investment. The plan provides death benefits, maturity benefits, and surrender benefits. This joint venture Company incorporates global expertise with local experience. Yes, this is possible at any policy anniversary, subject to minimum premium limits under the policy. PAN Number - This will be available in your PAN Card. Product information is solely based on the information received from the Insurers. The insurer sells this product only through CSC. It boasts of over 56,000 assets under management (AUM). In order to file a death claim, the nominee visits a branch of Bajaj Allianz with all the mandatory documents. Alternatively, they can call the insurer’s toll-free number 1800 209 7272, for clarifications. All rights reserved. The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. Email : helpdesk@policyx.com | Toll Free Number : 1800-4200-269 | Write Review, About Us | Contact Us | Sitemap | Articles | Login | Renew | Tools/Calculator | Career | Customer Service | We Care | Data Lab New | Awards, Copyright PolicyX.com / Certified : IRDAI Regn No. On the official website of Bajaj Allianz Life Insurance, click on 'Term Insurance Plans' under the 'Plans' … Sadly, iSecure plan is not available online. Here is a detailed look at various attributes of the company. The company offers attractive premium rates for female customers. Key Features of Bajaj Allianz Super CashGain Life Insurance Plan § Customer can choose th policy term – 12, 16, 20 or 24 years § Sum Assured too can be chosen as per the 4 variants going upto 4 times the Base Sum Assured The following are the procedures for different types of policies: Health Insurance. The plan has attractive rates for female customers. How many riders are available under Bajaj Allianz iSecure Plan? When all the documents are submitted, the claim will proceed towards further processing. Following this, the claim will be settled for payments. 3. • Please provide details of all life insurance policies of the Life Insured, with insurance companies other than Bajaj Allianz Life Insurance. Guaranteed Maturity Insurance Plan of Bajaj Allianz is a unit-linked-insurance plan (ULIP). E-commerce company Flipkart has entered the insurance business after IRDAI approved them of selling insurance products and gave the company the corporate licence. Can I alter the premium payment frequency of my Bajaj Allianz iSecure Plan? Bajaj Allianz Add-on covers for your Two Wheeler Insurance policy Add ons are the additional, but chargeable benefits covered under the comprehensive two wheeler insurance policy. Bajaj Allianz Life Insurance Co. Ltd. # Applicable for Annuity Option C only Policy No. 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. This is a non-linked, non-participating, variable fund-based scheme that can be taken by an employer to manage the pension fund of the employees. Tollfree: 1800-209-0144 | 1800-209-5858 Email id: websales@bajajallianz.co.in Registered Address: GE Plaza, Airport Road, Yerawada, Pune-411006 The plan provides Guaranteed Investment Returns. Policyholders can use the option of live chat on the website to get in touch with a customer service representative. There is a guaranteed payout at maturity or death of the life insured. Bajaj Allianz would reject claims under the following circumstances: A. Policyholders get the flexibility to pay a top-up premium, if needed. The plan includes a waiver of premium cover that comes into action in the event of untimely demise of the parents. Know the procedure of this service for life insurance policy. The ratio for individual policies is 91.3%, whereas that for group insurance policies is 98.87%. It is also possible to partially withdraw or surrender ULIPs. There is an option for disbursement of policy proceeds in the form of monthly installments. Also, avail 60+ other services on Bajaj Allianz Life Insurance Shield Supreme - The benefit payable under this variant is: Accelerated Critical Illness (ACI) benefit is paid if the life assured is diagnosed with certain critical illnesses. The company has marked an aggregate claim settlement ratio of 98.07%. Choose the best insurance policy for your family with Axis Bank! The plan can be bought by employers for the welfare of the employees. Guaranteed Interest Rate (GIR) and Guaranteed Additional Interest Rate (AIR) are offered. Shield Plus - The benefit payable under this variant is: In the event of accidental total permanent disability (ATPD), the sum assured is paid as ATPD benefit. Further, it was suggested that options be given for the settlement option period to extend it to 10 years or continue it up to the policy term, whichever is the shorter duration. Bajaj Allianz General Insurance Company sends the policy documents to the addresses of policyholders after the successful purchase of a car insurance plan. Caringly Yours is a mobile app platform by Bajaj Allianz General Insurance Company for all your general insurance needs. Bajaj Allianz Life Insurance is one of the most reputed insurance companies in India. Thanks to the Income Tax Act, 1961, the policyholder can enjoy tax benefits on regular premiums paid. If you want to buy it, just visit the nearest branch of Bajaj Allianz Life Insurance and bring home the plan with you. The policy provides Loyalty Additions of 3% of the single premium, depending upon the term and premium chosen. Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome If the policyholder suffers accidental injuries under the influence of alcohol, and suffers death or disability, it will not be covered under the insurance. Flipkart has teamed up with Bajaj Allianz and will provide coverage for the mobile phones it will sell through its portal. Special rates are given to female customers. Customers can choose to invest in any of the 7 funds, based on their risk appetite. If you are a company that undertakes land from small landowners or farmers for construction purposes, you can benefit from this plan. On choosing a higher sum assured, the plan provides great premium rebates to the policyholder. If the claimant is not satisfied with the decision, he/she can approach the Claims Review Committee for the claim review. On the official website of Bajaj Allianz Life Insurance, go to 'Customer Service' and click on 'Claim Assistance'. Want to update your bank details? The customer has the option to take the policy benefit in monthly installments. Initial insurance claims related to the recent Kerala floods may amount to the tune of Rs.500 crore according to an executive from a public sector insurance company. They will happily help you out. Third Party online payment is prohibited. There is an option to avail a loan against the policy. Guaranteed Additions, Guaranteed Maturity Benefit, and bonuses are provided. This policy provides a level term insurance cover at low premiums, with a large sum assured. Additional rider benefit is also offered. The plan provides tax benefits on premiums paid. • Please provide details of all life insurance policies of the Life Insured, with insurance companies other than Bajaj Allianz Life Insurance. Bajaj Allianz life insurance customers can get a loan of up to 90% of surrender value of the policy Bajaj Allianz offers loan against life insurance policy: All you need to know Can I avail of a loan under Bajaj Allianz iSecure Plan? Request received - loud & clear!Returning you to where you were... Bajaj Allianz is one of the top players in the life insurance industry in India. If the life assured dies during the policy term, the insurer pays the death benefit to the nominee. Bajaj Allianz Car Insurance policy cover includes: Damage or loss due to natural calamities . The plan enables policyholders take the benefits in the form of monthly installments. Bajaj Allianz Term Insurance Bajaj Allianz life insurance provides insurance cover for more than 3.5 Crore lives and is currently one of the leading players in the Indian general insurance sector. The term insurance plans offered by Bajaj Life Insurance are: A ULIP provides the customer life insurance coverage and market-linked benefits under a single policy. The plan helps in building a fund to ensure the discharge of your liabilities as an employer, in a convenient manner. Once the policyholder logs in to the Bajaj Allianz website, he/she can check the status of the policy through the corresponding menu option. The future premiums are also waived off, and the paid premiums continue to be invested on behalf of the policyholder. Any information displayed here is only for informational purposes and bankbazaarInsurance.com does not endorse the same. Bajaj Allianz. Bajaj Allianz offers numerous insurance products which include motor insurance, health insurance, home insurance, life insurance, and so on. The child plans offered by Bajaj Life Insurance are: Bajaj Allianz provides customised group insurance policies that safeguard the interests of employees and their families. Learn all about term policies through Bajaj Allianz Life Insurance Guide today. The remaining premiums under the plan are waived off and the other insurance benefits continue. With a single premium payment for the Bajaj Allianz Life Health Care Goal, policyholders can insurer their family up to 6 members. The company will analyze the documents and keep you updated. Bajaj Allianz has a user-friendly official website where customers can view details of the various insurance services provided by them and reach out to the insurer for any query. Bajaj Allianz life insurance policy details Secure your family’s financial future at an affordable cost with Bajaj Allianz iSecure plan. One of the proposed changes is to make the minimum death benefit of life insurance policies 7 times the regular premium and 1.25 times the single premium for all age groups of life assured. Star Health Insurance Company and India First Life Insurance Company followed by HDFC Life Insurance and Apollo Munich Health Insurance Company had partnered earlier to launch their own respective combo products. The plan also offers bonuses to enhance savings. Term insurance is a type of life insurance that covers the life of insured only for a particular term as against whole life insurance that covers a life for 100 years. The insurance policy provides maturity benefits and death benefits to the customer. Using user id and password. The insurance coverage is provided for a specific duration, i.e., for 30 years or up to 75 years of age. The comprehensive application will help customers manage and keep track of their life insurance policy as and when they want. For any reason, if the insured/policyholder wants to cancel a Bajaj Allianz General Insurance policy, the procedures for different types of insurance categories are different. Bajaj Allianz Life Smart Protect Goal offers a complete cover with multiple add-ons and carefully structured variants to meet your unique needs. Bajaj Allianz Car Insurance policy covers the policyholder in case of loss or damage due to natural calamities like earthquake, typhoon, flood, hurricane, cyclone, storm, fire, self-ignition, explosion, landslide, etc. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. If the customer is not satisfied with the policy's terms and conditions, the policy can be canceled within 15/30 days of purchase. • Please provide details of all life insurance policies of the Life Insured, with insurance companies other than Bajaj Allianz Life Insurance. They offer life insurance solutions to address various financial needs such as protection, savings, investment for individuals and groups, and retirement. A. BA BeSafe. The life insurance premium calculator on the Bajaj Allianz Life Insurance website provides the benefit illustration when a customer requests for a quote. For joint life policy, the joint life rebates are as follows-. The plan offers some delightful features to its customers. The plan helps in meeting key financial milestones of the customer through the option of multiple policy terms. These can be selected by choice of the policyholder and the requirement of the policyholder. You need to submit the following documents along with this claim form (Please tick appropriate boxes to indicate documents that have been submitted) – [Marked Nor does use of this blog create an Insurer- Policy Holder relationship between you (visitor) and Bajaj Allianz Life Insurance Co. Ltd. (“Bajaj Allianz”) 2. Ajay, a 30 year old, opted for the iSecure plan on an individual basis. The base plan can be enhanced through riders. By Bajaj Allianz Life Guaranteed Loyalty Additions are provided at policy maturity. The company requests its customers to follow a simple claim process for easy claim settlement. Shield Super - The benefit payable under this variant is: Death benefit equal to the sum assured, if the death was not due to an accident. Everybody has life goals and Bajaj Allianz Life Insurance is here to help you achieve them. Caringly Yours is a mobile app platform by Bajaj Allianz General Insurance Company for all your general insurance needs. Death Benefit plus Accidental Death Benefit, Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit. Customers can choose from a range of immediate annuities, such as: Life annuity with return of purchase price, Joint life last survivor with spouse receiving 50% of the annuity, Joint life last survivor with return of purchase price at the death of the last survivor (100% annuity to spouse), Joint life last survivor with 100% annuity to spouse. It was rated as one of the top 75 most valuable Indian brands in 2019. 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