Bajaj Allianz Life Insurance
- Cover 55 CI
- Accidental Death Cover
- 24/7 Assistance
Bajaj Allianz Life Insurance commenced its operations in 2001. It is a joint venture between - Bajaj Finserv Limited, one of India's most diversified non-banking financial institutions, and Allianz SE, one of the world's leading asset managers and insurers. It serves millions of customers through its 544 branches, 1,01,380+ agents, and trusted partners through its online channels.
Bajaj Allianz Life Insurance Company ensures to look after your insurance needs by offering:
Best term insurance plans
Unit-linked plans
Savings plans
Investment plans
Retirement plans
Child plans
Bajaj Allianz Life Insurance Company keeps the brand promise "Life Goals Done" at the core of its insurance products and continues to launch innovative insurance solutions.
To get more insight into Bajaj Allianz Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
Bajaj Allianz Life Insurance has a Solvency Ratio of 3.6 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
To cater to the dynamic insurance needs of an individual and their family, Bajaj Allianz Life Insurance comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| Bajaj Allianz Life POS Goal Suraksha Plan | Minimum Age - 0 years Maximum Age - 55 years | Minimum- Rs 30,000 Maximum- Rs 25 lakhs | Minimum-Rs. 30,000 |
|
Bajaj Allianz Life Insurance Plans
Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...
Unique Features
There are multiple benefits of Bajaj Allianz Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Bajaj Allianz Life Insurance is accredited with CARE AAA (IS), which shows that the company offers the highest degree of safety regarding the timely servicing of financial obligations.
Bajaj Allianz provides option to add riders. There are various rider options available including Critical Illness Rider, Accidental Death/Total Permanent Disability Rider, Waiver of Premium Rider, and more.
Bajaj Allianz Life provides digital customer support 24 hours a day, seven days a week, and the insurance firm has a strong customer service department.
As per the records, 95.49% of non-investigative individual claims were approved in one working day for FY 2021-22.
Bajaj Allianz Life has received several awards for unparalleled services such as India Summit and Awards 2020, prize for 'Best Fraud Intelligence, The Best Digital Customer Experience Initiative', etc.
Here are the rider options you can avail with Bajaj Allianz Life Insurance Plans to enhance your coverage:
Additional benefits are paid in case of the policyholder’s disability due to an accident.
If the policyholder faces serious illness then future premiums are waived off if you have chosen this rider.
This rider offers your family monthly income in case of your uncertain demise.
This rider offers your family additional benefits in case of your uncertain demise due to the accident.
Benefits are paid in case you are diagnosed with any of the 11 critical illnesses.
Here is the list of documents required to buy the Bajaj Allianz Life Insurance Policy:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Bajaj Allianz Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment.
*Once the payment is made, you will get a payment confirmation at your registered email address.
Visit the official website of Bajaj Allianz Life Insurance Company.
Click on 'Plan' on the navigation bar and select the category of plans you want to purchase.
Click on the Buy Now button and fill in the required details.
Tap on 'Next' and select a plan as per your requirements.
Select the cover option you want and make your payment.
*Once the payment is made, you will get a payment confirmation at your registered email address.
Filing a claim for the Bajaj Allianz Plan is a simple and hassle-free task. You can easily submit your claims online or offline. To file a claim for Bajaj Allianz Plan, you need to follow the below-mentioned steps.
Inform the company about the incident via various channels- by writing an email at balic.healthclaims@healthindiatpa.com, calling the toll-free number (1860 209 7272), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
You have to submit the necessary documents requested by the company to process the claim.
In case of natural death
Death claim form, Death certificate,Original policy documents, Claimant's identity & residence Proof, Medical records, Account details of nominee.
In case of Accidental Death
Same documents with two additional documents: FIR and Post-mortem report.
After receiving all the documents and claim forms, the company will verify the details as per their norms. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
The Bajaj Allianz Life insurance claim settlement procedure can be reported by visiting the local Bajaj Allianz Branch Office. For the details of Bajaj Allianz Life Insurance branches you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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