Bajaj Life
Insurance Ka Naya Adhyay
Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance) is a joint venture between Bajaj Finserv and Allianz SE. With global expertise and local understanding.
2001
Founded
98.89%
Claims Ratio
8
Insurance Plans
4.8★
Customer Rating
Term Insurance Plans
Protect your family with Bajaj Life's comprehensive term plans
Bajaj Life eTouch II
eTouch II - comprehensive protection with Premium Holiday for life's uncertainties
₹21/Day
Premium
Up to ₹2 Crore
Coverage
10-50 Years
Policy Term
₹10 Lakh
Min Sum Assured
Benefits
Key Features
- Comprehensive term plan with death, terminal illness and disability cover
- Premium Holiday feature - skip premiums during financial hardship
- Flexible premium payment options - monthly, quarterly, half-yearly, yearly
- Inbuilt terminal illness benefit with immediate payout
- Accidental death benefit rider available
- Waiver of premium on critical illness diagnosis
Available Riders
Bajaj Life Superwoman Term Plan
Superwoman Term - celebrating women's strength with special protection benefits
₹18/Day
Premium
Up to ₹1 Crore
Coverage
10-40 Years
Policy Term
₹10 Lakh
Min Sum Assured
Benefits
Key Features
- Exclusively designed term plan for women with special benefits
- Waiver of future premiums on diagnosis of specified critical illnesses
- Enhanced sum assured for women professionals
- Special benefit for homemakers - covers unpaid domestic work value
- Return of premium option at end of policy term
- Terminal illness benefit with early payout
Available Riders
Endowment / Savings Plans
Goal-based savings with Bajaj Life's wealth creation expertise
Bajaj Life Goal Based Saving III
Goal Based Saving III - align your investments with life's biggest goals
₹95/Day
Premium
Market Linked Returns + Life Cover
Coverage
10-30 Years
Policy Term
10x Annualized Premium or Minimum Sum Assured
Min Sum Assured
Benefits
Key Features
- Goal-based savings ULIP with wealth creation and life cover
- Multiple fund options - equity, balanced, debt and hybrid funds
- Flexible premium allocation - choose percentage across funds
- Systematic transfer plan to move money from equity to debt over time
- Loyalty additions boost for long-term policyholders
- Partial withdrawal facility after 5 years for emergencies
Available Riders
Money Back Plans
Regular income payouts with Bajaj Life's Smart Income Plan
Bajaj Life Smart Income Plan
Smart Income Plan - regular income payouts plus maturity benefit
₹88/Day
Premium
₹10 Lakh + Regular Income Payouts
Coverage
15-25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Regular guaranteed income payouts during policy term
- Maturity benefit at the end of policy term as lump sum
- Guaranteed additions every year for first 10 years
- Flexible payout frequency - monthly, quarterly, half-yearly or yearly
- Loan facility available against the policy
- Paid-up value available if premiums are discontinued
Available Riders
ULIP / Investment Plans
Market-linked wealth creation with Bajaj Life's fund management expertise
Bajaj Life Smart Wealth Goal VI
Smart Wealth Goal VI - 3 variants with 5 investment strategies for every goal
₹120/Day
Premium
Market Linked Returns + Life Cover
Coverage
10-30 Years
Policy Term
Higher of 10x Annualized Premium or Minimum Sum Assured
Min Sum Assured
Benefits
Key Features
- 3 variants - Wealth, Child Wealth, and Joint Life Wealth for different goals
- 5 investment strategies - Aggressive, Conservative, Balanced, Dynamic and Auto
- Return of Life Cover Charge for enhanced death benefit
- Return of Allocation Charge for cost transparency
- Unlimited free fund switches during policy term
- Loyalty boosts every 5 years for long-term investors
Available Riders
Bajaj Life Gain
Bajaj Life Gain - market-linked wealth creation with life protection
₹90/Day
Premium
Market Linked Returns + Life Cover
Coverage
10-25 Years
Policy Term
7x or 10x Annualized Premium
Min Sum Assured
Benefits
Key Features
- Market-linked ULIP with multiple fund options across equity and debt
- Flexible premium allocation across different fund categories
- Unlimited free switches between funds during policy term
- Systematic Withdrawal Plan for post-maturity income needs
- Loyalty booster additions for long-term policyholders
- Partial withdrawal facility after lock-in period
Available Riders
Pension / Retirement Plans
Guaranteed pension backed by Bajaj Life's financial strength
Bajaj Life Pension Guarantee
Pension Guarantee - guaranteed income for life with multiple annuity options
₹165/Day
Premium
Guaranteed Pension for Life
Coverage
Whole Life
Policy Term
Based on purchase price and annuity option selected
Min Sum Assured
Benefits
Key Features
- Guaranteed pension income for life starting immediately or deferred
- Multiple annuity options - single life, joint life, return of purchase price
- Flexible annuity payout frequency - monthly, quarterly, half-yearly, yearly
- Option to add spouse as joint life annuitant
- Return of purchase price option for nominee after death
- No market risk - guaranteed fixed annuity rates
Child Plans
Secure your child's education and career dreams with Bajaj Life
Bajaj Life Young Advantage
Young Advantage - give your child the advantage of a secure and prosperous future
₹52/Day
Premium
₹15 Lakh + Guaranteed Returns
Coverage
Child's age 25 years (or up to 21 years)
Policy Term
₹2 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed additions every year for predictable wealth creation
- Premium waiver on death or critical illness of proposer
- Flexible payout options at education milestones - 12th, graduation, post-grad
- Bonus participation for additional returns over guaranteed additions
- Loan facility available for urgent financial needs
- Paid-up value available if premiums cannot be continued
Available Riders
Why Choose Bajaj Life?
High Claim Settlement
Bajaj Life has a claim settlement ratio of 98.89%, ensuring your family gets the benefits when they need it most.
Trusted Brand
With a legacy since 2001, Bajaj Life is one of the most trusted insurance brands in India.
Innovative Products
Bajaj Life offers 8 innovative insurance solutions across 6 categories tailored to your needs.
Need Help Choosing the Right Bajaj Life Plan?
Our AI-powered advisor can help you find the perfect Bajaj Life plan from 8 options based on your financial profile and needs.