Bajaj Allianz General Insurance

Bajaj Allianz is a well-known and trusted brand in the insurance segment in India. One of the best term insurance plans that come from Bajaj Allianz is the Bajaj Allianz General Insurance . Here are the features of the Bajaj Allianz General Insurance.

Main Features of Bajaj Allianz General Insurance

Minimum Entry age18 years (completed)
Maximum entry age60 years (nearest)
Maximum age at entry75 years (nearest)
Policy tenure10 – 40 years
The Minimum Sum Assured25,00,000 (25Lakhs)
The Maximum Sum Assured100,00,000 (100 crores)

Good Points of Bajaj Allianz General Insurance

  • 100 crores are the maximum Sum Insured limit
  • You can pay your amount either cash or online through net banking/credit card/debit card/Paytm/Google Pay
  • Amount Rates are different for smokers and non-smokers
  • If you pay online you get discounts than the offline Term Plan of Bajaj Allianz General Insurance.

Bad Points of LIC e-Term Plan

  • It’s more costly in comparison to other private players in the same segment
  • Comprehensive Accident Benefit Rider is available in this plan.
  • This plan is available in 3 coverages
    • a) Basic Life Cover
    • b) Basic Life Cover+Monthly cover
    • c) Basic Cover + Increasing Monthly Income

Annual Premium For Healthy Male, Non-Smokers, Age 30 Years, Sum Insured 50,00,000 (50 Lakhs)

CompanyAmount(rupees)
ICICI Pru iCare II9470
LIC e-Term8202
Bajaj Alliance iSecure7623
SBI Life e-Shield7220
HDFC Life click2Protect6741
Max Life Online Term Plan4775
Aviva i-life4635
Aegon Religare iTerm4607
Reliance Online Term4029
  • This proposal for your own life will be only considered. If you want to buy a policy for your wife or any other family member. You Need to Buy Separately for them.
  • Not available for NRIs.

Things You Must Have to Buy This Plan

  • You need to undergo a health check-up During buying plan in India.
  • Bank Account Details and MICR code 
  •  Details of medical history (if any)
  • Details of family members
  • Details of your all existing insurance (if any, both Private or Bajaj Allianz )
  • PAN Number
  • Form 16 or ITR of the last three years

If you have all the above information/documents then log in Bajaj Allianz General Insurance and buy this plan. Medical tests are necessary for this online term insurance plan.

If you have any problem during the process of buying Bajaj Allianz General Insurance, then you can email contact support team of Bajaj Allianz.

Things to Take Care

  • No accidental benefit for the rider.
  • Maximum age is 60 Yrs.

Conclusions

It’s biggest Company of Bajaj Allianz for launching an online term insurance. But the pricing of the e-term is on higher side in comparison with other private company in the same segment. For non-smoker customers there is not much High Price in premium, it’s almost same as offline Term Plan of Bajaj Allianz General Insurance. There is also no option rider available with the General Insurance. So this plan is only for customers who are looking for low price term plan with govt security and good claim settlement ratio. We would still suggested our readers to compare all the online insurance term plan and buy the one most work for you.

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