Frequently asked questions
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 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 total permanent disability benefit, critical illnesses and many more.
The premium benefit waiver will be available on the occurrence of the fourth minor critical illness or first major critical illness, including accidental total permanent disability or demise of the life assured. You will find the list of critical illnesses on the policy brochure.
No. The joint-life cover is available only for the spouse.
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.
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.