Bajaj Term Insurance
Bajaj Life eTouch is an online protection plan that comes with three v ...Read More
A quick read on what this Bajaj Term Insurance term plan covers and why it might be a fit for you.
Bajaj e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various uncertainties of life. Bajaj e-touch plan offers 3 plan variants namely: Life Shield, Life Shield Plus, and Life Shield ROP.
Bajaj e-touch term plan offers multiple sum assured options paired with a plethora of features and coverage against death, and terminal illness with a waiver of premium, maturity benefit, and return of premiums. With Bajaj e-touch customers have the option to opt for early exit value applicable only with Life Shield and Life Shield Plus variants. To understand more about the pros and cons of the Bajaj e-touch term plan read in detail.
Bajaj Life e-Touch Term Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
Bajaj Allianz Life eTouch Online Term Plan, a powerful term insurance
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bajaj Life e-Touch Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that covers him for terminal illnesses and provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj Life e-Touch Plan. He visited PolicyX.com
Let's understand how the Bajaj Life e-Touch Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 35 years | Rs 22,220 | 50 years | 50 years | Rs 3,33,300 | Rs 1 crore |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.
You can add the following riders to your Bajaj Life e-Touch Plan:
In case the policyholder is diagnosed with the mentioned critical illnesses, the rider benefits are paid.
This rider waives off all future premiums of your policy under these circumstances- critical illness, dismemberment, or death.
The Bajaj Family Protect Rider is an optional add-on to certain Bajaj Life Insurance policies that provides additional financial protection for your parents, specifically in the event of your death or accidental total permanent disability.
Key features that make Bajaj Life e-Touch stand out.
Choice of plan option
Bajaj e-Touch plan provides you the option to choose from Life Shield, Life Shield Plus and Life Shield ROP.
Life Stage Upgrade
Bajaj Life e-touch term plan offers insured individuals the opportunity to upgrade their sum assured during important milestones of their life such as marriage, birth or adoption of 1st child, home loan, and education loan for children.
Choice of death benefit option
Choose how your family receives the benefit in your absence, as a lump sum or a combination of lump sum & monthly income
Extra payout in case of the accident.
Bajaj e-Touch Term Plan offers extra payout in case of the accident of the policyholder.
Here are the key benefits of the Bajaj Life e-Touch.
Premium holiday
This unique advantage is available for all three variants of the Bajaj e-touch term plan wherein you can skip paying premiums for 1,2, or 3 years during the policy term
Lower premiums fornon-Smokers
Bajaj e-Touch Term Plan offers lower premium rates for non-smokers; however, in accident cover and accelerated benefits, premium rates do not vary by smoker status.
Change in PremiumFrequency
Insured individuals will have the opportunity to change the prevailing premium payment frequency at any policy anniversary, during the policy term
Tax benefits
Bajaj offers term insurance tax benefits under section 80C of the income tax act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Here is the list of exclusions associated with the plan:
Bajaj Life e-Touch Plan is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including- special exit value, inbuilt terminal illness cover, cover continuance benefit, etc. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and suggest a plan that suits your needs.
Bajaj Life e-Touch Plan is a simple term plan that offers financial protection to your loved ones a
The 5 most-asked questions about Bajaj Life e-Touch, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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