Bajaj Allianz Term Plan – Overview 

Bajaj  Allianz  Term  Plan  is  considered  to  be  among  the  best  in  the 
country.  This  is  because  the  plans  are  economical  as  well  as 
wholesome.  You  get  many  benefits  when  you  purchase  a  term  life 
insurance  cover  from  Bajaj  Allianz,  one  of  the  top  life  insurance 
companies in India​.  

Why Bajaj Allianz Term Insurance Plan?  

With  so  many  options  available,  you  may  wonder  what  the  benefits  of 
the  term  plan  from  Bajaj  Allianz  are.  There  are  some  very  good reasons 
that  make  the  term  life  covers  from  Bajaj  Allianz  the  best  term  plan  in 
India. They include: 

● Many options – When you choose to buy your term plan from Bajaj Allianz, you 
are not faced with limited options. The company has a variety of term covers to 
choose from. There are different ​types of term plan in India​ ​and Bajaj Allianz has 
most of the types on offer. You can find some excellent term plan at some great 
rates. The best plans include: 
 1. Bajaj Allianz Life eTouch Online Term 
2. Bajaj Allianz i-Secure 
3. Bajaj Allianz Total Health Secure Goal 

Go  over  the  features  of  each  plan  and  see  which  one  suits  your 
requirements in the best possible manner. 

● Affordable – Another reason for the popularity of the Bajaj Allianz term plan is 
the affordability factor. These life covers are very economically priced. Since 
term insurance offers a pure life cover and does not usually have a return 
component, they are one of the most affordable types of life insurance covers. 
Bajaj Allianz is a large and established insurance provider and so offers its 
products at some of the most competitive rates. When you b ​ uy a term plan​ ​from 
this insurance company, you are assured of getting the best rates. 
● High claim payout – Bajaj Allianz term plan has a healthy claim settlement ratio 
of over 92%. This is a very positive figure and tells you that the company settles 
more than 9 out of every 10 claim requests received. The claim settlement ratio 
is always a positive pointer towards the wellbeing of a life insurance company. 
● Simple online process – You can buy the term plan from Bajaj Allianz with the 
click of a button. The company has an enhanced digital presence that makes 
buying term insurance very easy. You can also complete other tasks such as 
premium payments, renewals, claim initiation, etc on the insurer’s website or 
mobile app.   

These  are  the  main benefits you get when you buy your term insurance 

policy from Bajaj Allianz Life Insurance. 

How to find the best term insurance plan in India?  

Buying  a  good  term  plan  will  make  your  family  safe.  But  for  that,  the 
best  and  most  suitable  term  insurance  cover  needs  to  be bought. Here 
are some tips to find the best option: 

1. Assess your requirements – To ensure you find the best term insurance plan, you 
need to know what you need. There are many good term insurance policies 
available in India. There are different types of term insurance available too. 
 However, every single plan may not be of use to use. This is why you need to 
judge your own needs and see which plan is ideal for you. Once that is done, you 
can proceed towards finding a similar coverage among the options available in 
the shortlisted category. 
2. Make a budget – Next, you need to make a budget. The various types of term 
insurance vary in price. Also, the volume and the scope of the life cover affect its 
premium rates. You, therefore, need to assess your financial capacities to see 
how much you can spare for your term life insurance cover. It is definitely ideal to 
find the largest and most wholesome cover, but you need to be practical and 
select a plan that suits your pocket. 
3. Compare – Compare life insurance to get the best quotes and also to know 
which plan offers what features. It is very easy to compare the available options. 
You can visit the official website of Bajaj Allianz Life Insurance and scan over the 
term insurance options. Once you do that, you will get to do a comparative study 
and then select the ideal term insurance plan.  

Once  you  do  this,  you  will  know  which  term  insurance  policy  is  best 
suited  for  yourself.  Buy  the  life  cover  and  secure the financial wellbeing 
of your family members.  

Term insurance FAQs 

● What are the documents required for buying Bajaj Allianz term 
plan? 
● The documents needed for term insurance are 
1. Address proof – Any government-issued card that has on your address on it will 
be valid for this purpose. You can also submit your bank passbook or a utility bill 
for this purpose. 
2. ID proof – Your passport, Aadhaar card or any other government-issued ID card 
can be used here. 
3. Income proof – You need to submit your salary slip, IT returns and the bank 
statement of the last 6 months. 
● Does Bajaj Allianz term plan also offer joint policies for spouses? 
1. A married couple has the option of getting a joint term plan. Most of the leading 
life insurance companies, including Bajaj Allianz, offers joint policies. The 
coverage offered will be higher since two lives will be covered under the same 
policy.  
● Do I need to buy Bajaj Allianz term plan even if I am not married? 
 1. Term insurance is an extremely handy form of life insurance. It is advisable for 
you to get the plan when you are young and single. At such a time, you can get 
the plan at a much lower cost. You can carry on with the cover later also when 
you get married and have a family of your own. 

Summary 
Term  insurance  is  of  great  use.  You  must  get  a  good  term  insurance 
plan  from  a  good  insurance  provider  such  as  Bajaj  Allianz  and  keep 
yourself  as  well  as  your loved ones secured. As you saw, a good term life 
cover  offers  several  benefits. So go ahead, do your research and find the 
most suitable Bajaj Allianz term plan for yourself.