Bajaj Allianz Life Insurance Company - Group Sampoorna Jeevan Suraksha starting at Rs. 499
Product highlights
Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions
Key features and benefits
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Features and Benefits of Group Sampoorn Jeevan Suraksha
Get coverage of up to Rs. 2 lakh for a nominal annual membership fee.
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Annual premium starts at Rs. 499
The policy is available in two variants. Get coverage of up to Rs. 1 lakh at a premium of Rs. 499. Get coverage of up to Rs. 2 lakh at a premium of Rs. 998.
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Death coverage
The policy provides death cover in case of the insured’s unfortunate demise during the policy term. On the payment of the death benefit, all the risks concerning the member shall terminate.
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No change in level cover
The level cover stays the same through the tenure. Under the level cover option, the sum assured remains the same throughout the policy term. This is as on the inception of the cover.
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Membership surrender
On surrender by a member, the higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) is payable.
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No documents to buy this policy
When buying this policy, you do not need to present any documents at the time of making the purchase.
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End-to-end online process
You can buy the policy online through our 100% digital and paperless process.
Eligibility criteria and documents required
You need to fulfil the following criteria to buy the Group Sampoorna Jeevan Suraksha plan. If you meet all the eligibility criteria, we will need a few details to complete your application process.
Eligibility criteria
- For existing Bajaj Finance customers only
- Nationality: Indian
- Age: 18 - 50 years
- Maximum age at maturity: 51 years
Documents required
No documents are required to buy the policy.
Simply provide the following details at the time of buying the policy:
- Name
- Address
- Email address
- Mobile number
Step-by-step guide to buy this policy
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Step 1
Click on the ‘Buy Now’ button on this page.
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Step 2
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
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Step 3
Enter the One Time Password (OTP) received on your registered mobile number for verification.
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Step 4
If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.
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Step 5
At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards, and wallet.
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Step 6
After the payment is successful, you can download the policy receipt instantly.
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You can also download the policy document from ‘My Account’. This is after 5 to 7 working days from the date of purchasing the policy.
Here’s a quick look at the policy details of the Group Sampoorna Jeevan Suraksha plan:
- Premium at Rs. 499
- Premium of Rs. 998
| Policy details | Description |
|---|---|
| Coverage (in Rs.) | 1 lakh |
| Membership fee including GST (in Rs.) | 499 |
| Policy tenure | 1 year |
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 2 lakh |
| Premium including GST (in Rs.) | 998 |
| Policy tenure | 1 year |
Key inclusions and exclusions
Here’s a quick look at the inclusions and exclusions under the Group Sampoorna Jeevan Suraksha plan:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Death cover | Get death cover benefit in case of the insured’s unfortunate demise |
| No change in level cover | Level cover that stays the same through the tenure |
| Number of members | The policy provides coverage for only one member |
| Key exclusions | Description |
|---|---|
| Death due to suicide | Death due to suicide within 12 months from the date of commencement of risk |
Product information
For complete details on product benefits, features, terms, and exclusions, please read the product sales brochure and policy wordings carefully before concluding a sale.
How to claim
You can contact the service provider (Bajaj Allianz Life Insurance Company) to claim the benefits of the Group Sampoorna Jeevan Suraksha by email or phone:
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Insurer’s email address
Share your policy document and medical reports at balic.healthclaims@healthindiatpa.com
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Insurer’s toll-free number
You can also call on the toll-free helpline number 1800-2201-02 and claim the benefits
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Documents required to claim
To claim the benefits of the Group Sampoorna Jeevan Suraksha, you need to present the following documents:
1. Policy document received at the time of purchase
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Contact Bajaj Finance Ltd.
In case you have any queries related to coverage, exclusions, or product policy, please write to us at wecare@bajajfinserv.in
Frequently asked questions
Bajaj Allianz Life Group Sampoorna Jeevan Suraksha is a non-linked, non-participating, micro group Life Insurance pure risk plan that provides life cover at a nominal cost.
Level cover in insurance refers to a type of policy where the amount of cover remains the same throughout the policy term. Insurance providers offer this cover with life insurance, cover for critical illness, and income protection policies. They provide financial support for individuals or families in the event of death, serious illness, or an inability to work due to injury or illness.
This policy is available at the Bajaj Finance Insurance Mall in two variants:
1. Premium of Rs. 499 with coverage of Rs. 1 lakh
2. Premium of Rs. 998 with coverage of Rs. 2 lakh
The cost of life insurance varies depending on several factors. This includes your age, health, lifestyle, and coverage type. Generally, younger and healthier individuals pay lower premiums than older individuals.
