The savings plans help an individual to build a corpus in the long-term in order to meet his/her life goals and as well financially protects the future of the family in the absence of the policyholder. According to the Company details, Bajaj Allianz Life Insurance Company is one the best Life Insurance companies in India. How to Check Bajaj Allianz Policy Status Offline? The company began its operations in 2001 and has a pan india presence in over 200 towns & cities. Options: Smokers, Non-smokers and Preferred Non-smoker categories for payment of premium, if sum insured is above ₹ 20 lakhs. Frequency of premium payments can be changed at the start of any policy year during the term and the death benefits can be chosen to be received as lump sum or in equal monthly installments for a period of 5 or 10 years. Child plans helps you accumulate good amount of money which you can earmark for your child’s future be it education or marriage. Bajaj Allianz General Insurance Company sends the policy documents to the addresses of policyholders after the successful purchase of a car insurance plan. The plan provides a rebate for high sum assured policyholders. Canceled cheque with the name of the policyholder on it. Get cashless facility and also avail tax benefits. Incase of minor losses / damages e.g. Life Insurance from Allianz. Riders or add-on covers Riders have to be opted for at the start of the policy. Coverage is offered for both basic death and accidental death, including when caused by natural calamities. Pension plans help you to save for your old age so, that you maintain the same life style even after you retire. Bajaj Allianz Young Assure accompanies an in-fabricated premium waiver highlight if there should be an occurrence of a disastrous occasion. The plan also offers bonuses in order to enhance savings. Bajaj Allianz Life Insurance recently conducted a roadshow in Haryana, in the name of creating insurance awareness, calling it Jan Jagruti in Haryana. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. The unit linked life insurance policies offer the advantage of insurance protection and wealth creation under one single policy. FIR copy and Post mortem report (PMR) - if death is due to unnatural causes (PMR is mandatory if the death has occurred due to an accident). In case of death of a single member, if the ADB rider was opted for, additional accidental death benefit for that member will be payable along the sum assured. ID proof (Aadhar card, PAN card, Driving License, Passport, or Voter ID). Q. No. You may choose to pay premium once or for a limited period of time or for as long as the duration of the policy. Premium rates will be higher for return of premium option, but it would turn out to be a savings plan if the insured outlives the policy. Registered in 2001, Bajaj Allianz Life Insurance Company a life insurance brand in India. For making payments of the premium online, a policyholder has to click the button saying ‘Pay Your Premium’ that appears on the website of the company. *In case of monthly premiums, installments for 3 months need to be paid at the start of policy No riders are applicable for this policy. The digitally signed bike insurance cover can help you show the insurance policy in the absence of insurance coverage. Is coverage available during foreign travel and stay? Bajaj Allianz Insurance Company provides its services for Millions of People every year. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. Upon maturity, the plan returns the mortality charges in the cases of Limited/ Regular Premium policies. The discounts will go up as the sum assured goes up and will vary according to the age of the insured. The plan provides the option to get the benefits of maturity in installments. The same is also applicable to the maturity amount that is to be paid in installments. Gives the option to take a loan against the policy. The tax benefits are provided as per Section 80C and 10D of the Income Tax Act, 1961. Bajaj Allianz offers its customers a variable insurance plan, the details of which are given below: Plan name: Key features: CSC Bachat Plus: The insurer sells this product only through CSC. The plan also provides life cover for the spouse of the policyholder. It is always safe and recommended to buy the policy after visiting the insurer’s office, talking in persona and in detail with the agent and clarifying all doubts. This plan as well offers accidental permanent total disability advantage. To check the Policy Status, Customers have to register in Bajaj Allianz Portal to check Bajaj Allianz Life Insurance Policy Status through Login. Q: What is the Revival period for Bajaj Allianz Term insurance plans? Bajaj Allianz is a joint venture between Allianz SE and Bajaj Finserv Limited. No. Apart from the customer care portal available on Bajaj Allianz’s official website, you can use these methods to check the details of your policy: Twitter: Bajaj Allianz allows users to connect with them on Twitter for any queries pertaining to their policies. In case the insured outlives the policy, he can terminate the policy, renew for another term or convert it into a whole life plan. The plan provides a rebate on high sum assured. The policy provides a rebate on high sum assured. In this policy, sum insured increases by 5% every policy year till the sum insured gets doubled. The plan provides a rebate for the policyholders with high sum assured. Heart valve repair, angioplasty, carotid artery surgery, early cancer, removal of kidney, ulcerative colitis, cardioveter defibrillator implantation, liver cirrhosis etc. The plans offered in this category are: The microinsurance plans of Bajaj Allianz offer insurance solutions to the underprivileged society of India. In addition, other global insurance organizations and private equity investors have expressed interest. The premium payment term is short and is only five years. People choose term insurance plans since they are comparatively easier to understand and purchase. In case of 5 year policy term, monthly income would be paid in 60 installments while it would be 240 for a 20 year policy term. The premiums are less in case of reducing covers and are usually preferred for repayment of mortgages. The company is expecting a valuation of about Rs. You can send a tweet or a direct message to the insurer at @BajajAllianz. Broadly considered, there are 2 types of term insurance plans. Q. Premium to be paid is calculated based on the age of the insured at the time of inception of the policy, total sum insured, term period of the policy and frequency of premium payment. The plan offers guaranteed benefits on maturity. The policy offers a rebate on high sum assured. Why aren’t the Cheapest Term Insurance the Best? This plan offers high life insurance cover. Offline term plans still have hopes to survive in some cities of the country, which is all because of the less Internet penetration. The plan also offers discounts on premiums for female lives. It provides a range of insurance products and caters to different needs of its customers. If this add-on cover is opted for, future premiums will be waived off after the diagnosis of first major or 4th minor critical illness, whichever is earlier, for the purpose of reducing the burden on the insured. Unlimited free switches with the option of seven funds. The plan is available in two variants – Gold and Silver. Regular payment term life insurance plan with no return of premium option (no maturity benefit). Mr. Vineet Patni, the president and chief business officer of Bajaj Allianz Life Insurance has stated that people want a one-stop solution and a tension-free protection plan in today’s uncertainties of life. The plan provides guaranteed loyalty addition benefits. Description:  Savings, Life and Health cover insuranceOptions: Single/ Limited/ Regular premium payments with/without RoP. The death benefit is also offered in this plan which is equivalent to 300% of the total sum assured. 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