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Bajaj Allianz Life Insurance

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Commencing its operations in 2001, Bajaj Allianz Life Insurance is a prominent and trusted insurance provider in India. Committed to serving customers with excellence, Bajaj Allianz Life Insurance offers a diverse range of insurance products, investment solutions, and retirement plans.

Table of Content

With a strong focus on customer-centricity, transparency, and ethical practices, the company is known for its reliability. It is, in fact, one of the preferred choices for individuals seeking comprehensive and dependable life insurance solutions.

Key Features of Bajaj Allianz Life Insurance

Let’s start by looking at the key features of Bajaj Allianz Life Insurance -

  • Solvency Ratio - By knowing the solvency ratio, it becomes easy for you to determine the provider’s ability to meet its financial obligations. As per the guidelines released by IRDAI, it is mandatory for every insurance company to maintain a solvency ratio of 1.5 or more. The IRDAI report released for FY 2021-22 states that Bajaj Allianz has a solvency ratio of 6.1.
  • Annual Premium - The annual premium of Bajaj Allianz Life Insurance was Rs. 16,127.05 Cr according to the report released by IRDAI for the FY 2021-22.
  • Claim Settlement Ratio - Claim settlement Ratio is basically the ratio of claims paid and the total claims received by an insurance company, indicating their reliability in fulfilling your claims promptly. The CSR of Bajaj Allianz Life Insurance, as recorded by IRDAI for the FY 2021-22, is 99.02%.

Top Bajaj Allianz Life Insurance Plans

Here is a list of all the life insurance plans offered by Bajaj Allianz -

1. Bajaj Allianz Life Child Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz Lifelong Assure Minimum Age: 10 Years Maximum Age: 55 Years 100 minus age at entry Rs. 1,00,000
Bajaj Allianz Life Young Assure Minimum Age: 18 Years Maximum Age: 50 Years 10/15/20 Years 10 x Annualised Premium
Bajaj Allianz Life Assured Wealth Goal - Step Up Income Minimum Age: 5 Years Maximum Age: 60 Years   25- 32 Years As per the Premium Paid

2. Bajaj Allianz Life Retirement Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz Life long Life Goal
  • Minimum Age: 0/18 Years
  • Maximum Age: 65 Years/ No Limit
 99 minus age at entry of life assured 10 Times the Annualised Premium
Bajaj Allianz Life Guaranteed Pension Goal
  • Minimum Age: 30/ 45 Years
  • Maximum Age: 85/84 Years
 1-10 Years Rs. 1,000
Bajaj Allianz Life Saral Pension
  • Minimum Age: 40 Years
  • Maximum Age: 80 Years
 Lifetime Annuity Rs. 1,000

3. Bajaj Allianz Life Investment Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz Life My Wealth Goal
  • Minimum Age: 10 Years
  • Maximum Age: 55 Years
 100 Minus Entry Age Based on the Premium
Bajaj Allianz Elite Assure
  • Minimum Age: 0 Years
  • Maximum Age: 55 Years
 15, 20, 25, or 30 Years 10 x Annualised Premium
Bajaj Allianz Invest Assure For Silver Variant
  • Minimum Age: 0 years
  • Maximum Age: 50 Years
For Gold Variant
  • Minimum Age: 18 Years
  • Maximum Age: 50 Years
  • Silver Variant: 17- 40 Years
  • Gold Variant: 15 - 40 Years
 Rs. 1,00,000
Bajaj Allianz Life Assured Wealth Goal - Wealth Creation Minimum Age
  • 8 Years (for Joint Life)
  • 0 Years (for Single Life)
Maximum Age
  • 50 Years (for joint life)
  • 65 Years (for single life)
  • Single Pay: 5/10 Years
  • Regular Pay: 10/15/20/25/30 Years
 Maturity Benefit - Percentage of the Total Premiums Paid
Flexi Income Goal - Enhanced Benefit
  • Minimum Age: 0 years
  • 18 Years (for joint life)
  • Maximum Age: 55 Years
 12 - 25 Years Rs. 1,58,000

4. Bajaj Allianz Savings Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz Life Save Assure
  • Minimum Age: 1 Year
  • Maximum Age: 60 Years
 15 or 17 Years Rs. 1,00,000
Bajaj Allianz Life Income Assure
  • Minimum Age: 0 Years
  • Maximum Age: 50 Years
 17, 19, 22, or 24 Years 144 * (Minimum GMI Chosen)
Bajaj Allianz Life Super Life Assure
  • Minimum Age: 18 Years
  • Maximum Age: 55 Years
 12 - 20 Years Rs. 1,00,000
Bajaj Allianz Life POS Goal Suraksha
  • Minimum Age: 18 Years
  • Maximum Age: 55 Years
 10, 15, or 20 Years Rs. 30,000
Bajaj Allianz Life Guaranteed Income Goal
  • Minimum Age: 6 Years
  • Maximum Age: 60 Years
  • Lump Sum Benefit: 10/12/15/20 Years
  • Income Benefit: 5/7/10/12 Years
 Rs. 1,00,000
Bajaj Allianz Life Guaranteed Savings Goal
  • Minimum Age: 8 Years
  • Maximum Age: 60 Years
 5/7/10 Years 1.5 Times Single Premium
Bajaj Allianz Life Flexi Income Goal - Income Benefit
  • Minimum Age: 18 Years
  • Maximum Age: 55 Years
 12 to 99 Years (Minus at the Age of Entry) Rs. 1,58,400
Bajaj Allianz Life Assured Wealth Goal - Second Income
  • Minimum Age: 5 Years
  • Maximum Age: 60 Years
 30-44 Years Based on Premiums

5. Bajaj Allianz Term Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz iSecure More
  • Minimum Age: 18 Years
  • Maximum Age: 60 Years
 10/15/20/25 Years Rs. 250,000
Bajaj Allianz iSecure Loan
  • Minimum Age: 18 Years
  • Maximum Age: 60 Years
 10, 15, 20, or 25 Years Rs. 3,00,000
Bajaj Allianz Life Secure
  • Minimum Age: 25 Years
  • Maximum Age: 60 Years
 100 Minus Age at Entry Rs. 20,00,000
Bajaj Allianz Lifestyle Secure
  • Minimum Age: 18 Years
  • Maximum Age: 50 Years
 5, 7, 10, 15, or 20 Years Rs. 3,00,000
Bajaj Allianz Life Smart Protect Goal
  • Minimum Age: 18 Years
  • Maximum Age: 65 Years
 5 to 65 Years (Minus the Age of Entry) Rs. 50,00,000
Bajaj Allianz Life iSecure
  • Minimum Age: 18 Years
  • Maximum Age: 65 Years
 10 Years Rs. 25,00,000
Bajaj Allianz eTouch Term
  • Minimum Age: 18 Years
  • Maximum Age: 65 Years
  • For Cover up to 99 years: 34 to 81 years
  • For Cover not up to 99 years: 10-67 years
 Rs. 50,00,000
Bajaj Allianz Life Saral Jeevan Bima
  • Minimum Age: 18 Years
  • Maximum Age: 65 Years
 5 - 40 Years Rs. 5,00,000

6. Bajaj Allianz ULIP Plans

Name of the Plan Entry Age Tenure Minimum Sum Assured
Bajaj Allianz Life Principal Gain
  • Minimum Age - 7 years
  • Maximum Age - 60 Years
 7-15 Years 10 x Annual Premium
Bajaj Allianz Life Goal Based Saving
  • Minimum Age: 0 year
  • Maximum Age: 60 Years
 5/10/15/20 Years 10 Times Annualised Premium
Bajaj Allianz Future Wealth Gain
  • Minimum Age: 0 years
  • Maximum Age: 60 Years
 10/15 to 25 Years 7 x Annualised Premium
Bajaj Allianz Fortune Gain
  • Minimum Age: 1 Year
  • Maximum Age: 63 Years
 7- 30 Years
  • If Age at Entry < 45 years: 1.25 x Single Premium
  • If Age at Entry ≥ 45: 1.1 x Single Premium
Bajaj Allianz Future Gain
  • Minimum Age: 1 Year
  • Maximum Age: 60 Years
 10/15/20/30 Years 10 Times Annualised Premium
Bajaj Allianz Life Goal Assure
  • Minimum Age: 0 Years
  • Maximum Age: 60 Years
 5, 10, 15, or 20 Years 10 x Annualised Premium
Bajaj Allianz Smart Wealth Goal
  • Minimum Age: 0 Years
  • Maximum Age: 60 Years
 10 - 60 years 10 Times Annualised Premium
Bajaj Allianz Life Long Life Goal
  • Minimum Age: 18 years
  • Maximum Age: 65 years (With Waiver of Premium)
No Limit (Without Waiver of Premium)  		 99 Minus Age at Entry of the Life Assured 10 x Annualised Premium

How to Contact Bajaj Allianz Life Insurance?

To get in touch with the representatives of Bajaj Allianz Life Insurance, you can dial their toll-free number 18002097272 or drop an email at customercare@bajajallianz.co.in.

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