Ensuring your family's financial security requires careful planning and commitment. And that is why, you should always select the best life cover for them so that their future is protected. The Bajaj 2 Crore term insurance plan offers a Rs. 2 Crore death benefit to your nominee if you suddenly pass away during the policy term.
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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.
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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.
Bajaj Allianz Life Insurance provides this coverage at affordable premiums, ensuring your loved ones are financially secured. Here are the details of the Bajaj 2 Crore Term Insurance.
Term Plans
₹1 Crore
Life Cover
@ Starting from ₹ 16/day+
₹50 LAKH
Life Cover
@ Starting from ₹ 8/day+
₹75 LAKH
Life Cover
@ Starting from ₹ 12/day+
What is the Bajaj 2 Crore Term Insurance Plan?
Bajaj 2 Crore Term Insurance Plan offers financial security to the policyholder’s family in the event of his/her sudden death. Hence, a 2 Crore term plan offered by Bajaj Allianz Life Insurance helps by providing a lump sum death benefit of Rs. 2 Crore so that you can make sure your loved ones have a financially protected future.
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₹1 CRORE
Term Plan Starting @
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Why Buy Term Insurance from Bajaj Allianz Life Insurance?
You should buy Term Insurance from Bajaj Allianz Life Insurance due to the below mentioned reasons:
Bajaj Allianz Life Insurance Highlights
Bajaj Allianz Life Insurance Claim Settlement Ratio (CSR)
99.23% (FY 2023-24)
Bajaj Allianz Life Insurance Solvency Ratio
4.51 (FY 2023-24)
Bajaj Allianz Life Insurance Riders
Critical illness rider, Hospital cash rider, Waiver of Premium rider, Accidental death benefit rider
Amount of Individual Claims Paid By Bajaj Allianz Life Insurance
Rs. 6,418.97 Crores (from FY 2006-07 to FY 2023-24)
Number of lives covered by Bajaj Allianz Life Insurance
4.19 Crores
CARE Rating for Bajaj Allianz Life Insurance
AAA; Stable Rating by CARE
Claim Approval of Bajaj Allianz Life Insurance
Approval Done Within 1 Day*
*Note: 1 day is counted from the date of intimation of claim (before 3 PM, on a working day)
What are the Benefits of Buying Bajaj 2 Crore Term Insurance?
Here are some of the key benefits of buying the Bajaj Term Insurance plan for 2 Crore life cover:
Budget-Friendly Coverage: The 2 Crore term insurance plan by Bajaj Allianz Life Insurance is affordable, providing basic term plan benefits at comparatively lower premiums, starting at Rs. 1,368/month.
*Note: Result for 30-year old male (non-smoker; earning 10-15 Lacs per annum) buying Bajaj 2 Crore term plan for 30 year policy term.
Financial Support for Your Family: The Bajaj 2 Crore Term Insurance plan makes sure that your family's financial needs are met in the case of your sudden death. Your nominees can use the death benefit to live a comfortable in the future, or be able to settle loans, manage debts, and cover household expenses.
Easy Online Purchase: Buying a Bajaj 2 Crore Term Insurance plan online is very simple and convenient, thereby, saving you from visiting a Bajaj Allianz Life Insurance branch or waiting in long queues. Through Policybazaar, you can buy the plan easily from the comfort of your home in online modes, such as on Policybazaar website/app.
Flexible Payouts: You have options on how you receive your term insurance death benefit payout. For example, you can choose a lump sum or get monthly income payments, giving you more control over managing your expenses.
Tax Benefits: Another significant benefit of choosing the best 2 Crore term plan is eligibility for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.
*Note: You can use the term insurance calculator for estimating your term insurance premium. You can also use the HLV Calculator to find out the most suitable life cover for your family’s security.
Best Bajaj 2 Crore Term Insurance Plan – Bajaj Allianz Life eTouch
The best Bajaj 2 Crore Term Insurance that you can easily buy online from Policybazaar is Bajaj Allianz Life eTouch.
The Bajaj Allianz Life eTouch online term plan is a pure risk protection plan that provides financial protection to the policyholder's family in case of his/her death during the policy term. The plan offers comprehensive coverage at affordable premiums with three plan options to choose from.
Features of Bajaj Allianz 2 Crore Term Insurance Plan
Here are some reasons why you should consider buying the Bajaj Allianz Life eTouch plan:
Get comprehensive life cover for yourself and your family with this life insurance plan.
Select from 3 plan variants for enhanced protection:
Bajaj Allianz eTouch Term Plan – Life Shield
Bajaj Allianz eTouch Term Plan – Life Shield Plus
Bajaj Allianz eTouch Term Plan – Life Shield ROP
Avail maturity benefits if you survive the policy term.
Get extra payout for accidental death with the accidental death benefit rider.
Enjoy early exit and get back all premiums paid when the term plan is no longer needed.
Use the Premium Holiday feature to skip premiums for 1, 2, or 3 years during the payment term.
Women can get up to Rs. 36,500 worth of free health management services annually, including health check-ups, screenings, and consultations.
Non-tobacco users pay lower premiums for a healthy lifestyle.
Claim tax benefits under the Income Tax Act of 1961.
Eligibility Criteria of Bajaj Allianz Life eTouch Online Term Plan
The eligibility conditions to buy Bajaj Allianz Life eTouch Online Term Insurance Plan are as follows:
Criteria
Minimum
Maximum
Entry Age
18 years
65 years
Maturity Age
28 years
99 years
Policy Term
10 years
99 years
Sum Assured
50 Lacs
No Limit
Premium Payment Terms
Regular and Limited Pay
Premium Payment Modes
Monthly, Quarterly, Half-yearly, and Yearly
Who Should Buy Bajaj 2 Crore Term Insurance?
Young individuals
Self-employed/Business Owners
People with loans/debts
Newly married individuals
Parents with children
Sole breadwinner
How to Buy Bajaj 2 Crore Term Insurance from Policybazaar?
Here are the steps to buy a 2 Crore term insurance plan from Policybazaar:
Step 1: Visit Policybazaar’s official website and click on ‘Term Insurance’
Step 2: Fill in your basic details like Name, DoB, and contact number and click on ‘View Plans’.
Step 3: Answer questions regarding smoking habits, annual income, type of occupation, and educational qualifications. Do not forget to select 2 Crore as your life cover.
Step 4: A list of all available term insurance plans will be displayed. Select the Bajaj Allianz Term Insurance plan from the available list.
Step 5: Pay using your preferred payment method to complete the purchase.
How Can You Contact Policybazaar To Buy Term Insurance Plan?
You can contact the below mentioned helpline numbers:
To Buy New Policy:
To buy a new policy, call Policybazaar's helpline at 1800-208-8787.
For Help Regarding Existing Booking:
To get help regarding existing book, call Policybazaar’s helpline at 1800-258-5970.
Claim Assistance Helpline:
For claim support, call Policybazaar's helpline at 1800-258-5881.
Manage your claims conveniently by logging into 'My Account' on the Policybazaar website.
Policybazaar App:
Download the Policybazaar app for prompt customer support. You can address any insurance-related questions directly through the app.
*Note: You can easily contact Policybazaar Insurance Advisor for any insurance-related help/guidance or to clear doubts/confusion.
Note: You should also check the term life insurance benefits if you are planning to purchase the term insurance plan.
†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