Secure your family’s financial future and get assured income benefits

Buy life insurance plans that offer the financial security of whole life coverage until you turn 99. Additionally, get coverage against 55 critical illnesses and assured maturity benefits. Plans start from Rs. 737*/month for Rs. 1 crore coverage.

Key features and benefits of Life Insurance policies

  • Secure your family’s future

    Ensure financial protection for your family in case of your untimely demise through plans offering whole life coverage.

  • Get assured income benefits

    Get income benefits after policy maturity either as lump sum or in the form of monthly payouts.

  • Enjoy flexible premium payment options

    You can choose from higher or lower premium payment options and flexible cash value components, as per your convenience.

  • Get extensive critical illness coverage

    Along with life cover, get coverage for medical expenses incurred for up to 55 chronic and terminal illnesses.

  • Get return of premium benefit

    If no claim is made during the policy tenure, you will receive the total premiums paid towards the policy at maturity.

  • Enhance policy coverage with add-ons

    Opt for add-on coverage to enhance the coverage of the policy. Get Critical Illness cover and Accidental Death Benefit. You can add Accidental Total Permanent Disability Benefit, and Waiver of Premium Benefit riders as well.

  • Get tax benefits

    Get tax exemptions on premiums paid for life insurance policies as per the provisions of the applicable Income Tax laws.

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Step-by-step guide to buy Life Insurance plans on Bajaj Finance Insurance Mall

  • Step 1

    Click here to visit our online application form.

  • Step 2

    Enter the required details – name, mobile number, email ID, DOB, and gender. Click on ‘Proceed’ button.

  • Step 3

    Share a few more details related to your lifestyle, occupation, education, income, and PIN code. Click on ‘View Plans’ button.

  • Step 4

    You will see the plans available. Click on ‘Buy Now’ on the plan and our representative will call you back and explain the products available for you to take an informed decision.

Frequently asked questions

What is a life insurance policy?

In the event of the policyholder's passing or after the term has ended, a life insurance policy pays the beneficiary or the nominee. The nominee can file a claim for death coverage with the insurer to receive the policy's insured amount. At the end of the policy tenure, a policyholder can renew the policy, or receive a maturity benefit.

What kinds of life insurance policies are there?

There are different types of life insurance policies. Some of them are term insurance, whole life insurance, endowment plans, money-back plans, and retirement plans.

What are the primary benefits of life insurance policies?

A life insurance plan gives you financial coverage for a secure future. This policy provides death coverage. You get the flexibility to choose the term. You can get a loan against your plan in case of a financial emergency. This policy also offers you the opportunity to create wealth.

Can we receive tax advantages from life insurance plans?

You may be eligible for tax exemptions for life insurance premiums. Please check the relevant sections of the Income Tax Act of 1961.

What is ‘whole life cover’?

When you have whole life cover, you are protected for the whole of your life, or however long you live. Under this plan, you pay a premium for the first 10 to 15 years and be eligible for coverage up to age 99.

What is a ‘surrender value’?

The amount the policyholder receives if he cancels or surrenders the policy before maturity is known as the surrender value. It is the sum that the policyholder will get from the life insurance provider if he decides to discontinue the policy before maturity. This is only applicable if the policyholder has paid premiums for the policy for 3 consecutive years.

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Insurance is the subject matter of solicitation. *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, 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. 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.