OneAssure Verdict

Company Stats

About the company

Insurance Policies

KYC Documents

Claims

Renewals

Contact

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FAQs

Term insurance

Bajaj allianz life insurance

Bajaj Allianz Life Insurance

OneAssure Rating

Our Verdict

Bajaj Allianz Term Insurance provides customizable coverage with options for sum assured and policy term. Key features include critical illness riders covering specified illnesses and accidental death benefits for enhanced protection. The waiver of premium feature ensures policy continuity in case of terminal illness or accidental total permanent disability. Policyholders can choose whole life coverage up to 99 years. Affordable premiums and a streamlined online purchase process make it accessible. Prospective buyers should review policy terms and exclusions to ensure alignment with their specific needs.

Pros

High claim settlement ratio

Bajaj Allianz has a high claim settlement of 98.02%

Innovation in services

Customers have access to Smartassist, and sets of services on business accounts.

Customer-centric approach

It also provides QR code enabled branch services - readily available assistance for their customers.

Lifelong financial security

Some plans like Smart goal life plan - provide coverage till the age of 99

Pros

Cons

High premium for certain plans

Plans have premium rates for specific policies - for example; ULIPs and long term savings plans.

High surrender charges

Plans include high surrender charges, making early withdrawals expensive.

Limited customization options

Some plans may lack flexibility in terms of payouts and coverage enhancement.

Cons

Company Stats

Industry Avg.

14167.1

Bajaj Allianz Life Insurance

23043.04

Premium Underwritten

Industry Avg.

2.16

Bajaj Allianz Life Insurance

4.32

Solvency Ratio

Rating 6.6/10

Solvency2.1/4

AUM1.5/3

Growth3/3

About the Company

Bajaj Allianz Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and Allianz SE founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise of Allianz SE with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security.

The managing director and CEO of Bajaj Allianz is Mr Tarun Chugh.

Insurance Policies

Bajaj Allianz Life Smart Protection Goal

Bajaj Allianz Life e Touch

Bajaj Allianz i Secure

Bajaj Allianz i Secure More

Bajaj Allianz i Secure Loan

Bajaj Allianz Life Secure

Bajaj Allianz Lifestyle Secure

Bajaj Allianz Saral Jeevan Bima

KYC Documents Required

Pan Card No.

Aadhar Card

Recent Photograph

Cancelled Cheque with Name Printed

Bank Statements

Salary Slip of Latest 3 Months

Covid Vaccination

Claim Settlement

Claim Procedure

Step 1 - Contact OneAssure Promptly

Step 2 - Submit Necessary Documents

Step 3 - Verification and Assessment

Step 4 - Claim Settlement Process

Renewal

Online Renewal

Step 1 - Visit the official Bajaj Allianz website and navigate to the "Renew" section.

Step 2 - Enter your policy details, such as the policy number and registered contact information.

Step 3 - Verify the policy details displayed on the screen, ensuring all information is accurate.

Step 4 - Choose your preferred payment method and complete the payment for the renewal premium.

Step 5 - Receive a confirmation message and download your renewed policy document for your records.

Offline Renewal

Step 1 - Visit the nearest Bajaj Allianz branch or authorized agent office.

Step 2 - Inform the customer service representative about your intention to renew your policy.

Step 3 - Provide your policy details, including your policy number and identification documents.

Step 4 - Pay the renewal premium amount through your preferred offline payment mode, such as cash, cheque, or demand draft.

Step 5 - Collect the payment receipt and renewal confirmation from the representative to ensure your policy is active.

Key points to remember during Renewals

Pay via credit/debit cards, net banking, or other convenient methods.

Keep your life coverage uninterrupted by renewing your policy on time.

A grace period is provided for late renewals to avoid policy lapses.

Adjust your coverage and benefits during renewal to suit changing needs.

Renew with peace of mind, knowing your policy remains secure and intact.

Customer service is available to guide you through the renewal process.

Customer Support

Talk to an OneAssure Insurance Expert for FREE.

For Bajaj Allianz Life Insurance customer care :
Toll Free - 1800 209 7272,
E-mail - customercare@bajajallianz.co.in

Other related companies

Bajaj Allianz Life Insurance

Our Verdict

Pros

High claim settlement ratio

Innovation in services

Customer-centric approach

Lifelong financial security

Pros

Cons

High premium for certain plans

High surrender charges

Limited customization options

Cons

Company Stats

Rating 6.6/10

About the Company

Insurance Policies

Bajaj Allianz Life Smart Protection Goal

Bajaj Allianz Life e Touch

Bajaj Allianz i Secure

Bajaj Allianz i Secure More

Bajaj Allianz i Secure Loan

Bajaj Allianz Life Secure

Bajaj Allianz Lifestyle Secure

Bajaj Allianz Saral Jeevan Bima

KYC Documents Required

Pan Card No.

Aadhar Card

Recent Photograph

Cancelled Cheque with Name Printed

Bank Statements

Salary Slip of Latest 3 Months

Covid Vaccination

Claim Settlement

Claim Procedure

Claim Procedure

Step 1 - Contact OneAssure Promptly

Step 2 - Submit Necessary Documents

Step 3 - Verification and Assessment

Step 4 - Claim Settlement Process

Renewal

Online Renewal

Online Renewal

Step 1 - Visit the official Bajaj Allianz website and navigate to the "Renew" section.

Step 2 - Enter your policy details, such as the policy number and registered contact information.

Step 3 - Verify the policy details displayed on the screen, ensuring all information is accurate.

Step 4 - Choose your preferred payment method and complete the payment for the renewal premium.

Step 5 - Receive a confirmation message and download your renewed policy document for your records.

Offline Renewal

Offline Renewal

Step 1 - Visit the nearest Bajaj Allianz branch or authorized agent office.

Step 2 - Inform the customer service representative about your intention to renew your policy.

Step 3 - Provide your policy details, including your policy number and identification documents.

Step 4 - Pay the renewal premium amount through your preferred offline payment mode, such as cash, cheque, or demand draft.

Step 5 - Collect the payment receipt and renewal confirmation from the representative to ensure your policy is active.

Key points to remember during Renewals

Customer Support

Talk to an OneAssure Insurance Expert for FREE.

Other related companies

Frequently Asked Questions

1. HOW TO BUY BAJAJ ALLIANZ LIFE INSURANCE FROM ONEASSURE?

2. TAX BENEFITS

3. HOW TO RENEW BAJAJ ALLIANZ LIFE INSURANCE PLANS?

Frequently Asked Questions