- About Coverfox
Bajaj Allianz Life Insurance Company is a joint venture between Bajaj Finserv Limited and Allianz SE.
Best Life Insurance Company of the Year by Golden Globe Tigers Award 2017
The comprehensive solutions to all life insurance needs, technical expertise and experience of Allianz SE blends with the goodwill of Bajaj brand in India that is backed with an in-depth know-how of Indian market. With a claim settlement ratio 99.16% which is one of the best in private sector, Bajaj Allianz Life offers life insurance solutions that cater to every segment and age-income profiles with different products from ULIPs to Child plans.
ULIPs are financial products which offers the best of insurance and investment. They are the combination of market linked investment and life insurance. The part of the premiums are invested in building corpus by investing in market - equity, debts, hybrid, based on the investor's choice, and part of the premiums for providing life cover.
a.) Bajaj Allianz Future Gain
b.) Bajaj Allianz Fortune Gain
c.) Bajaj Allianz Life Principal Wealth Gain
d.) Bajaj Allianz Life Future Wealth Gain
Term plan is pure death benefit plan. In an unfortunate event of the life assured, the nominee receives the sum assured, in this way the breadwinner can ensure that the family stays financially secure. Bajaj Allianz different types of Term Plan and one can include riders to expand the coverage of the base policy.
a.)Bajaj Allianz Life eTouch Online Term
b.) Bajaj Allianz iSecure Term Plan
c.) Bajaj Allianz iSecure More Term Plan
d.) Bajaj Allianz iSecure Loan Term Plan
e.) Bajaj Allianz Life Secure - A Non-Linked Whole Life Term Plan
f.) Bajaj Allianz Lifestyle Secure
The savings plans Bajaj Allianz offers insurance with savings. With the help savings plans, the family is not only protected against the financial loss in case of the breadwinner's passing away but also helps an individual to build funds for short and long term goals.
a.) Bajaj Allianz Save Assure
b.) Bajaj Allianz Guarantee Assure
c.) Bajaj Allianz Cash Assure
d.) Bajaj Allianz Super Life Assure
e.) Bajaj Allianz Life Income Assure
This plans focused on providing coverage with the opportunity to build funds by investing. An individual can fulfill their financial goals with their current resources. Offers link and non-linked plans to cater different needs. Investment plan helps you and your family to sustain thick and thin of life. With investment plans, one can meet long term financial goals and fulfill dreams while stays protected.
a.) Bajaj Allianz Invest Assure
b.) Bajaj Allianz Fortune Gain
c.) Bajaj Allianz Cash Assure
A retirement plan is a way of systematic savings. This will help in building funds for your retirement. As increase in the expenses and inflation hinders in savings and would make difficult to continue the same lifestyle post retirement this plan ensures you continue to maintain your lifestyle.
a.) Bajaj Allianz Pension Guarantee
b.) Bajaj Allianz Retire Rich
This plan offers to save money for child’s future. This plan helps to build funds for child’s education and marriage. The maturity funds ensures those needs are met on time. Under this plan not just academic needs are fulfilled but also ensures that the extra-curricular activities are equally funded.
a.) Bajaj Allianz Young Assure
b.) Bajaj Allianz Young Assure Plus
c.) Bajaj Allianz Lifelong Assure
Group insurance plans are for group members, employees and their families. Generally, the group plans are opted by the organization, to cover their employees and also their families. Bajaj Allianz Life Insurance offers tailor-made group insurance policies to help the organization in safeguarding their employees and their family.
a.) Bajaj Allianz Life Jan Suraksha Yojna
b.) Bajaj Allianz Life Pradhan Mantri Jeevan Jyoti Bima Yojana
c.) Group Income Protection
d.) Group Term Life Insurance Plan
e.) Group Employee Care
f.) Group Employee Benefit Plan
g.) Group Term Care
h.) Group Superannuation Secure
i.) Group Annuity Plan
j.) Group Credit Protection Plus
k.) Bajaj Allianz Life Super Gain Group Superannuation Scheme
Poor and under privileged people of India had no access to the financial services. Bajaj Allianz's micro insurance plans is an attempt to provide financial security with the help of the term plan at affordable prices.
a.) Bajaj Allianz Life Bima Dhan Suraksha Yojana
b.) Bajaj Allianz Life Bima Sanchay Yojana
You can now customize your Bajaj Allianz Life Insurance Plan with optional paid Riders.
a.) Accidental Death Benefit Rider
In the case of an accidental death of the life insured within 180 days of the occurrence of an accident, Bajaj Allianz will pay rider sum assured to the nominee. Subject to the maximum rider benefit of Rs.1 crore.
b.) Accidental Total/Partial Disability Rider
If accident causes total or partial disability, Bajaj Allianz will pay rider sum assured. The benefit will be depending on the bodily injury.
c.) Critical Illness Benefit Rider
Under this rider 11 critical illness are covered. On the first diagnosis of any specified 11 critical illness. Subject to maximum of Rs.50 lakh as rider benefit.
d.) Family Income Benefit Rider
On first diagnosis any of out of 11 critical illness, death, or accidental total disability, 1% rider sum assured will be paid.
e.) Waiver of Premium Benefit Rider
If due to accidental total disability, first diagnosis of any critical illness or death of the proposer, the future premiums will be waived. The rider benefit is subject to the maximum of Rs.50 lakh.
Bajaj Allianz offers fast claim process. Bajaj Allianz deposits claim within 30 days. Beyond which Bajaj Allianz pays 8.75% interest for every day delays.
The maturity amount is directly deposited in the bank, provided the bank details are given in advance. Please update phone number, email id, mailing and permanent address before maturity date.
If Death is unnatural:
Claim decision will be informed to claimant by SMS and a letter will be sent to claimant's address.
Bajaj Allianz has a claim settlement ratio of 99.16%, which is one of the best as a private life insurance provider. Bajaj Allianz Life Insurance Company is one of the leading Indian Life insurers with over 722 branches. Bajaj Allianz offer different products with variants so as to cater different requirements. As an individual looking for building funds, investing, savings, pure life cover, and retirement, Bajaj Allianz serves best in class products.