Bajaj Allianz Life Insurance FAQs

Frequently asked questions

What are the benefits of the Bajaj Allianz life insurance plan?

Bajaj Allianz life insurance plan offers comprehensive coverage with a high sum insured at the lowest premium. You can avail of a minimum of Rs. 50 lakh life cover on the policy chosen. It allows you to have joint life cover and offers life cover with extra cover for child education. The plan also offers add-on covers for accidental death coverage, accidental disability, critical illnesses, and many more.

Check the investment plans offered by Bajaj Allianz Life Insurance here.

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

The premium benefit waiver will be available on the occurrence of the fourth minor critical illness or first major critical illness. This includes accidental total permanent disability or demise of the life assured. You will find the list of critical illnesses on the policy brochure.

Can I add anyone other than the spouse to the joint life cover?

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

In the case of joint life cover, what if the second life assured expires before the first life assured?

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

What is the rate at which the cover 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.

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