Bajaj Life Insurance
Bajaj Life Insurance offers a diverse range of insurance solutions, including term insurance plans, ULIPs, retirement ...Read More
The headline features and policy mechanics, at a glance.
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Choose from level cover, increasing cover, and return-of-premium variants.
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
Branch offices and claim service centres across India for easy policy servicing.
Bajaj 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 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 online channels.
Bajaj Life Insurance Company ensures to meet your insurance needs by offering:
Best term insurance plans
Unit-linked plans
Savings plans
Investment plans
Retirement plans
Child plans
Bajaj Life Insurance Company keeps the brand promise "Life Goals Done" at the core of its insurance products and continues to launch innovative insurance solutions.
Choice of policy tenure and premium payment term:
You must choose your premium payment tenure at the start of the policy; it cannot be changed later.
Choice of sum assured:
Every individual has different income levels and lifestyle expenses. Bajaj Life Insurance Plans allow you to choose a sum assured that matches your needs.
Special premium rates for women:
Some Bajaj Life Insurance Plans offer special premium prices for women to encourage higher participation.
Choice of plan variants:
Various Bajaj Life Insurance Plans offer the option to choose the plan variant that best fulfills your requirements.
Choice of premium payment mode:
Bajaj Life Insurance Plans offer flexible premium payment modes (monthly, quarterly, half-yearly, or yearly) as per your requirements.
If you are planning to buy a Life Insurance Plan that is the best in the market then this video is for you.
Bajaj Life Insurance Plans offer a plethora of advantages:
Bajaj Life Insurance is accredited with CARE AAA (IS), indicating the highest degree of safety regarding the timely servicing of financial obligations.
Bajaj provides options to add various riders, including Critical Illness Rider, Accidental Death/Total Permanent Disability Rider, Waiver of Premium Rider, and more.
Bajaj Life offers 24/7 digital customer support and maintains a strong customer service department.
As per records for FY 2021-22, 95.49% of non-investigative individual claims were approved in one working day.
Bajaj Life has received several awards for its unparalleled services, such as India Summit and Awards 2020, the prize for 'Best Fraud Intelligence', and 'The Best Digital Customer Experience Initiative'.
Every plan currently being sold by Bajaj Life Insurance, shown side-by-side so you can shortlist quickly.
The Bajaj POS Goal Suraksha Plan combines a life insurance plan and a savings plan. It offers death benefits to your loved ones in case of your unfort...
Enhance your life plan with optional add-on riders for broader protection.
Bajaj Waiver of Premium Benefit Rider
Future premiums are waived in case of the policyholder's demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.
Bajaj Family Income Benefit Rider
1% of the sum assured is offered for a rider term or 10 years as family income in case of accidental death, disability, or diagnosis of any of the 11 critical illnesses.
Bajaj Accidental Death Benefit Rider
In case of the policyholder's demise due to an accident, an additional payout is given to the nominee along with the base sum assured.
Bajaj Accidental Permanent Total/Partial Disability Benefit Rider
Additional payout is offered in case of total or partial disability of the policyholder due to an accident.
Bajaj Critical Illness Rider
Benefits are offered to the nominee in case of the policyholder's demise due to any of 11 listed critical illnesses.
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof Any one of the following
Passport, Aadhaar card, PAN card, Driving license.
Age Proof Any one of the following
Passport, Aadhaar card, PAN card, Driving license.
Address Proof Any one of the following
Utility bill, passport, voter ID, ration card.
Medical Records Medical records of the policyholder, if requested.
Income Proof Any one of the following
Bank statement, last three months' salary slips (if salaried).
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
Filing a claim with Bajaj Life Insurance is a simple process, available both online and offline. Follow these steps:
Inform the company about the incident via email at balic.healthclaims@healthindiatpa.com, by calling the toll-free number (1860 209 7272), by filling out the online claim form on its website, or by visiting the nearest branch. A claim reference number will be provided upon successful registration.
Submit the necessary documents requested by the company to process the claim.
In case of natural death:
In case of accidental death:
All documents required for natural death, plus:
After receiving all documents and claim forms, the company will verify the details. If additional details are required, they will contact you via call or email. Upon successful completion, the claim will be settled, and the amount will be transferred to the nominee's bank account. This will be communicated to the nominee.
The Bajaj Life Insurance claim settlement procedure can be initiated by visiting a local Bajaj Branch Office. You can find details of Bajaj Life Insurance branches on their website. Submit the essential documents at the branch for your claim to be processed.
The standard inclusions and exclusions across Bajaj Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
Bajaj Life Insurance is one of the leading life insurance companies in the insurance sector, known for its reputation and trustworthiness. It offers a wide range of life insurance products, including term insurance, savings plans, child insurance plans, ULIPs, and much more, so you can choose the one that best fits your requirements. If you need assistance in choosing the best life insurance plan, contact us at PolicyX.com. Our insurance experts will help you find a plan that suits your needs.
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanThe 12 most-asked questions about Bajaj Life Insurance, answered.
Aggregate ratings from 946 verified PolicyX customers who bought a Bajaj Life Insurance plan.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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