Bajaj Allianz Life Insurance

With Bajaj Allianz Life Insurance policies, you can secure your family’s financial future, plan for your child’s higher education, or grow your money over time for a comfortable retirement. Coverage up to Rs. 1 crore starts at just Rs. 651*/month.

Bajaj Allianz Life offers various life insurance and investment plans with lump sum benefits and whole life coverage. It has a 99.02% claim settlement ratio and 2.87 crore happy customers. It is the first company to launch innovative insurance solutions, including the RoMC (Return of Mortality Charges). Currently, it has Rs. 85,623 crore of assets under management (AUM).

Show More Show Less

Step-by-step guide to buy Bajaj Allianz Life investment plans

  •  Step 1

    Step 1

    Click here to open our online application form.

  •  Step 2

    Step 2

    Enter the required details – amount you want to invest, name, date of birth, and contact number.

  •  Step 3

    Step 3

    Choose your preferred plan from the list of products shown by clicking ‘Buy Now’.

  • Step 4

    Step 4

    Our representative will call you back and explain the products available for you to take an informed decision.

Documents required to buy a policy

Here's a list of documents required to buy a Bajaj Allianz Life Insurance policy.

  • Age proof, such as birth certificate, passport, Aadhaar card etc.
  • Address proof, such as Aadhaar card, telephone bill, electricity bill, ration card
  • Identity proof, such as Voter's ID, passport, driving licence
  • Passport-sized photograph
  • Medical reports (as applicable)

How to raise a claim

Follow these steps to raise claim requests for Bajaj Allianz Life Insurance policies.

  • Step 1 - Register the claim request

    Step 1 - Register the claim request

    Register the claim request with the insurer through their website, e-mail or by calling their claim assistance contact number
    Contact Number: 1800 2201 02
    E-mail: balic.healthclaims@healthindiatpa.com

  • Step 2 - Submit the required documents

    Step 2 - Submit the required documents

    Submit the necessary documents along with the duly filled claim form online or to the nearest branch of the insurer

  • Step 3 - Claim assessment and settlement

    Step 3 - Claim assessment and settlement

    Based on the documents submitted, Bajaj Allianz will assess the claim request and process it accordingly. The claim status will be intimated to the claim initiator via e-mail and SMS and can be checked online or through My Account (our customer portal).

Documents required for raising a death claim

Here’s the list of documents you need to raise a death claim against your Bajaj Allianz Life Insurance policies.

  • Original policy documents
  • Attested copy of death certificate issued by the local municipal authority
  • Death claim intimation form
  • NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
  • Nominee's photo identity & address proof such as a copy of Passport, Voter identity card, Aadhar (UID) card, etc.
  • FIR copy or post-mortem report in case of an accidental/unnatural death

Documents required for raising a critical illness claim

Here’s the list of documents to raise a critical illness claim against your Bajaj Allianz Life Insurance policies

  • Attested copies of medical records/ indoor papers of the hospital
  • Critical illness claim form
  • Hospital discharge summary
  • Hospital bills
  • NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
  • Claimant's photo identity & address proof such as a copy of Passport, Voter identity card, Aadhar (UID) card, etc

 

Documents required for raising a disability/hospitalisation claim

Here’s the list of documents to raise a disability/hospitalisation claim against your Bajaj Allianz Life Insurance policies.

  • Attested copies of medical records/ indoor papers of the hospital
  • Disability benefits claim form
  • Hospital discharge summary
  • Hospital bills
  • NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
  • Claimant's photo identity and address proof such as a copy of Passport, Voter identity card, Aadhar (UID) card, etc.

Contact Bajaj Allianz Life Insurance

For queries related to the policy, claim settlement and other related information, you can contact the insurer in the following ways:

Frequently asked questions

When is the waiver of premium benefit available in the case of life insurance?

The premium benefit waiver will be available if there’s an occurrence of critical illness, including accidental total permanent disability or demise of the life assured.

What is a ‘whole life cover’?

Whole life insurance cover is where you are covered for your entire life, i.e. as long as you live. Under this plan, you pay a premium for the first 10-15 years and get coverage maximum up to the age of 99 years.

What is a ‘surrender value’?

Surrender value is the amount the policyholder gets if he terminates/surrenders the policy before maturity. It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity. A regular premium policy acquires surrender value after the policyholder has paid the premiums continuously for three years.

Can I add any other person than the spouse in the joint life cover?

No. The joint-life cover is available only for the spouse.

What if the second life assured expires before the first life assured?

The sum insured against the second life assured will be payable to the nominee, while the policy will continue for the first life assured. This will be subject to premium payments.

What is the rate at which the coverage will increase every year?

The rate will depend on the percentage chosen at the time of policy inception. You can opt for 5%, 8% or 10% of the sum assured for the annual increase on the life cover.

Show More Show Less

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.