Bajaj Allianz Life E Touch Plan
Bajaj Allianz Life Insurance
Our Verdict
Bajaj Allianz Life eTouch is ideal for individuals seeking flexible term insurance with death, disability, and terminal illness coverage. The Premium Holiday feature adds convenience, but coverage variants may increase complexity.
About the Plan
The Bajaj Allianz Life eTouch is a non-linked, non-participating individual life insurance term plan designed to provide comprehensive financial protection against life's uncertainties. This plan offers coverage for death, terminal illness, and disability, ensuring that your loved ones are financially secure in unforeseen circumstances. Policyholders have the flexibility to choose premium payment terms that suit their financial planning, including options to pay throughout the policy term, for a limited number of years, or until retirement age (60 years). A notable feature of this plan is the Premium Holiday option, which allows you to skip premium payments for 1, 2, or 3 years during the premium payment term without compromising your coverage. Additionally, the plan provides tax benefits as per prevailing tax laws.
About the Plan
Eligibility
• Minimum Age at Entry :
18 Years
• Maximum Age at Entry :
55 years
• Maximum Age at Maturity :
99 years
• Sum Assured :
Ranges from ₹50 lakhs to ₹10 crores
Eligibility
Features of the Product
Terminal Illness
Zero Cost Option
Total Permanent Disability Payout
Inflation Protection Coverage
Premium Payment Customizations
Exclusions
Self-inflicted injuries, including intentional self-harm, are excluded.
Disabilities or conditions arising due to alcohol or drug abuse will not be covered.
Injuries or disabilities resulting from participation in hazardous or dangerous activities are excluded.
Conditions arising due to involvement in criminal or unlawful activities will not be covered.
Specific exclusions apply under the Accidental Permanent Total Disability (APTD) benefit, as detailed in the policy document.
Exclusions
Accidental Death - If death occurs due to an accident, an additional ADB Sum Assured is paid along with the Death Benefit. Available with the Life Shield Plus variant
Add-ons
If you are a woman
Preferential Premium rates will be offered to non-tobacco users & to women, and premium discount will be offered for policies sourced through online mode
Note :
Suicide Clause : If the life assured commits suicide within 12 months from the date of commencement of risk or the date of the latest revival of the policy, the policy will terminate immediately.
In such an event, the company will pay 80% of the total premiums paid till the date of death, provided the policy is in force. No other benefits will be payable.
Free look up period: 30 days for policies purchased online
15 days for policies purchased offline
If not satisfied, the policyholder can return the policy within this period, stating the reasons for objection. The company will refund the premiums paid, after deducting proportionate risk premium for the period of cover, stamp duty charges, and any medical examination expenses incurred.
Grace Period: 30 days for premium payment frequencies other than monthly
15 days for monthly frequency
During this grace period, the policy remains in force with the risk cover as per the terms of the policy.
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
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.