The Bajaj Allianz Term Insurance Premium Calculator helps easily estimate their term insurance premiums for their chosen term insurance plan. The calculator is easy to use and helps you perform complex premium calculations quickly. Moreover, the Bajaj Allianz term calculator enables a comparison of term plan premiums to help you choose the plan with the benefits, CSR and premium rate. Let’s understand the details of the Bajaj Allianz Term Insurance Premium Calculator here.
Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount# for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The Policybazaar Advantage
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
What Is Bajaj Allianz Term Insurance Calculator 2024?
The Bajaj Allianz Term Insurance Calculator is an online tool that helps policyholders quickly estimate their term insurance premium amount needed for their chosen life cover. Using this calculator, you can accurately calculate your premium, saving time and effort. You can find the most suitable Bajaj Allianz Life Insurance plan for your requirements by mentioning basic information like coverage amount and policy terms.
Why Should You Use Bajaj Allianz Term Insurance Calculator 2024?
With a wide range of term and life insurance plans available in the market, choosing the right plan to suit one’s needs becomes necessary. It is helpful to compare and analyze the different insurance policies available. Here are the reasons why you should use a Term Insurance Premium Calculator:
The Bajaj Term Insurance Calculator can help you understand and calculate the estimated premium amount required to be paid for your Bajaj term insurance plan.
The Bajaj Term Insurance Calculator is available online and free of cost, allowing you to calculate without any hassle.
The Bajaj Term Insurance Calculator helps you understand different policies and their features, CSR, premium differences, etc.
The Bajaj Term Insurance Calculator also helps you choose a budget-friendly term plan and check if the plan is appropriate for you.
How To Use Bajaj Allianz Term Insurance Premium Calculator?
To use the Bajaj Allianz term insurance premium calculator 2024, you just need to follow the simple steps below.
Step 4: Enter the ‘View Plans’ option and choose the Bajaj Allianz Term Plan from the plan list
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
+Standard T&C Applied
What Information Is Required While Using Bajaj Allianz Term Insurance Calculator?
Anyone using the Bajaj Allianz term Insurance calculator would need the following information:
Age
Gender
Life Cover Amount
Policy Term
What Are The Benefits Of Bajaj Allianz Term Insurance Calculator?
Bajaj Allianz Term Insurance calculator will help one determine the right amount of insurance coverage required to meet their needs to reach their family goals. It offers a series of benefits, which are as follows:
Gives an estimated premium amount Before using the Term Plan calculator, a person may not have an exact idea about the premium amount for a plan. However, once they enter the relevant details in this online tool, they can easily get an estimated premium for the term policy on the calculator.
Time-efficient process An online/manual process for calculating premium amounts under various Sum Assured combinations can be a tedious task and can also lead to errors. However, using a term insurance premium calculator just takes 5-10 minutes of one’s time. All that is required is to follow the right steps and enter the correct information, and one can easily get the right results.
Cost-effective solution Bajaj Allianz Term Insurance Premium Calculator 2024 tool is available online free of charge. It provides individuals with an estimated premium amount for their plans in an easy and hassle-free manner. One doesn’t need to stand in queues at the insurance office to determine their premium. They can quickly estimate their premium amount with one click on the website.
Things To Keep In Mind About Bajaj Allianz Term Insurance Premium Rates
Bajaj Allianz Term Insurance plans come at affordable premium rates that do not stress the policyholder financially. There are term plans to fit every budget. Life insurance rates can vary among customers based on the type of insurance. In general, the premium rates vary as per the following:
Age of the applicant - Young applicants can avail themselves of low premium rates due to high life expectancy.
Gender - Women can get better premium rates than men. (* Standard T&C Apply)
Sum Assured - High sum assured amounts generally attract low premium rates.
Policy tenure - The higher the number of years, the lesser is the premium amount.
Applicant’s occupation - High risk jobs like mining, pilots, firefighters, etc., may have higher premium rates.
Premium Payment Term - Term insurance plans that require premium payment throughout the policy tenure come with lower premium rates. Limited Premium Payment Insurance plans may require policyholders to pay higher premiums. In the case of insurance plans with a single premium, one may pay a higher one-time premium for term insurance.
*All savings are provided by the insurer per the IRDAI-approved insurance plan. Standard T&C apply.
Wrapping It Up!
To sum up, an individual can effectively use the Bajaj Allianz Term Insurance Calculator 2024 can easily be used to determine the term insurance premiums. A premium calculator can be used judiciously for a quick and hassle-free comparison of term insurance policies.
Ans: A Bajaj Allianz insurance plan holder can visit the official website of the company online to check their policy status. They need to log in to your account to check the plan details or their claim status. They can also call, email, or SMS customer care with their policy number to check their status.
Ans: Term insurance plans come with additional optional benefits in the form of add-ons. These optional add-ons are known as riders, and they offer protection under specific circumstances, like, accidental death, accidental disability, or critical illness. One has to pay an additional amount towards the riders.
Ans: Yes, Bajaj Allianz provides its online portal services to the policyholders to renew their insurance plans online. One can visit the website, enter the policy details, follow the steps and make the payment to renew their plan.
Ans: Bajaj Allianz Life Insurance policyholders need to submit valid documents along with the claims form. This can be either submitted online or at the nearest local branch. Upon receiving the documents and processing them, the insurer Claims team will settle the claim within 30 days. The claim amount is directly deposited in the policyholder’s bank account.
Ans: Term plans do not offer any maturity benefits as they do not have an investment component. However, a term plan with a Return of Premium (TROP) feature can help one retrieve the total premium paid at the end of the policy term.
Ans: For Bajaj Allianz term insurance plans, the entry age limit varies. The minimum age to buy a term insurance plan is 18 years, and the maximum age of 65 years. The plan can provide coverage up to 99 years, as per the product terms and conditions. (* Standard T&C Apply)
Ans: One needs to assess one’s required term insurance coverage based on one’s existing age, assets, debt, and future life goals of the family. Individuals can use the Bajaj Allianz Term Insurance Calculator 2024 to evaluate their term insurance coverage requirements. Term insurance coverage will vary as per age and financial obligations. It is always recommended to analyze one’s needs, budget, and current lifestyle before finalizing the coverage amount.
Ans: Yes, Bajaj Allianz term Insurance plans offer the policyholders the feature to increase the assured sum amount with changes in their life situations. Marriage, childbirth, career changes, expansion in family, lifestyle changes, etc., can impact an individual’s financial obligations and life coverage. In such situations, it is advisable to revisit your term insurance plan. One can evaluate if the plan and the sum assured under it still meet the changing requirements of your family. If not, one can go for an increase in the sum assured, as and when required.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in