Life Insurance

We help you protect your loved ones

Range of life insurance plans, flexible premiums, more benefits

My policy rewards me for maintaining a healthy lifestyle!

I know I am protected daily at my workplace as my insurance gives me accidental disability coverage

With flexible premium payment, I get security on my terms

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Wide range

of plans to suit your needs

Flexible

premiums and policy terms

Enhanced

protection for your loved ones

Learn more about our Life Insurance products

Here are our accounts with complimentary features

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Bajaj Allianz Income Assure

Guaranteed income for 144 days

Lumpsum maturity benefits

Guaranteed income for 144 months followed by lumpsum maturity benefit

Flexibility of limited premium paying term
Two options of “Income” and “Assure” with different payouts
Tax benefit as per prevailing tax laws

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143

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Download brochure

Flexibility of limited premium paying term

Two options of “Income” and “Assure” with different payouts

Tax benefit as per prevailing tax laws

As per underwriting norms, rates are defined which are individual customer specific. Insurance is underwritten by Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116.

Entry age

Minimum – 0 year

Maximum age is 50 years
Risk cover will commence immediately on date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority, (i.e., 18 years age last birthday) or on maturity date

Maturity age

Minimum - 18 years

Maximum - 74 years

Policy term

17, 19, 22, 24 years

Premium paying term

5, 7, 10, 12 years

Premium amount

Minimum

Variants	Premium (in ₹)
Income	21,965 per annum/1,977 monthly
Assure	22,058 per annum / 1,985 monthly
Premium for female life will be based on the premium rate of 3 years younger male

Maximum - As per maximum sum assured

Premium payment frequency – yearly and monthly. Monthly premium frequency is only allowed under auto-debit process

Guaranteed Monthly Income (GMI)

Minimum as below

Age	Multiplier
5 years	1100
7 years	1400
10 years	1800
10 years	2100

Maximum – no limit, subject to prevailing board approved underwriting guidelines

Sum assured

Minimum – 144* Minimum GMI chosen

Maximum – no limit, subject to prevailing Board approved underwriting guidelines

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Age proof
Address proof
Recent photograph

Guaranteed income for 144 months followed by lumpsum maturity benefit

Guaranteed income for 144 days

Lumpsum maturity benefits

Bajaj Allianz Income Assure

Bajaj Allianz POS Goal Suraksha

Endowment plant

Guaranteed sum at maturity

Secure endowment plan that offers guaranteed sum at maturity

Guaranteed additions at maturity
Limited premium payment term
Loan available on policy

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Bajaj Allianz Lifestyle Secure

Term plan

Inbuilt accelerated terminal illness benefit

Term plan with inbuilt accelerated terminal illness benefit

No medical examination / tests required
Security for the family with regular income
Tax benefit as per prevailing tax laws

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Bajaj Allianz Life Flexi Income Goal

Flexible investment plan

Flexible investment plan to fulfill growing life goal

Flexibility to accumulate or receive survival benefits
Option to receive cash bonus
Two variants available – Income Benefit and Enhanced Benefit

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1154

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Flexibility to accumulate or receive survival benefits

Option to receive cash bonus

Two variants available – Income Benefit and Enhanced Benefit

View the latest and complete list of rates and charges for each variant

Enhanced Benefit:

Eligibility Parameters	Minimum		Maximum
Age at Entry	0 years 18 years (Joint Life)		55 years
Age at Maturity	18 years		80 years
Premium Payment Term (PPT)	5 to 12 years
Policy Term (PT)	Premium Payment term plus 12 years		25 years
Guaranteed Monthly Income (GMI)	PPT - (5 - 11) years	PPT - 12 years	No Limit
	Rs. 1,100	Rs. 1,400
Annual Premium	As per minimum Sum Assured		As per maximum Sum Assured
Sum Assured	PPT - (5 - 11) years	PPT - 12 years	No Limit
	Rs. 1,58,400	Rs. 2,01,600

Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date.

Income Benefit

Eligibility Parameters	Minimum	Maximum
Age at Entry	0 years 18 years (Joint Life)	55 years
Age at Maturity	18 years	80 years
Premium Payment Term (PPT)	5 to 20 years
Policy Term (PT)	Premium Payment term plus 12 years	80 minus Age at Entry (Subject to 50 years maximum)

Guaranteed Monthly Income (GMI)	PPT - (5 - 11) years	PPT - (12-14) years	PPT - (15 - 19) years	PPT - 20 years	No Limit
Guaranteed Monthly Income (GMI)	Rs. 1,100	Rs. 1,400	Rs. 1,600	Rs. 2,200	No Limit

Annual Premium	As per minimum Sum Assured				As per maximum Sum Assured
Sum Assured	PPT - (5 - 11) years	PPT - (12-14) years	PPT - (15 - 19) years	PPT - 20 years	No Limit
Sum Assured	Rs. 1,58,400	Rs. 2,01,600	Rs. 2,30,400	Rs. 3,16,800	No Limit

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Age proof

Address proof
Recent photograph

Flexible investment plan to fulfill growing life goal

Flexible investment plan

Bajaj Allianz Life Flexi Income Goal

Bajaj Allianz Life Guaranteed Income Goal

Investment Plan

Investment plan that ensures future financial security

Option to extend life cover beyond policy term
Choice of 2 variants – Income Benefit & Lumpsum Benefit
Tax benefits as per prevailing Income Tax laws

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1156

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Download brochure

Option to extend life cover beyond policy term

Choice of 2 variants – Income Benefit & Lumpsum Benefit

Tax benefits as per prevailing Income Tax laws

View the latest and complete list of rates and charges

Parameter			Details
Minimum Entry Age			6 years
Maximum Entry Age			60 years
Minimum Age at Maturity			18 Years
Maximum Age at Maturity			72 years - The maximum maturity age does not include the ELC (Extended Life Cover),if opted for or Income Period - For policies purchased through POS channel, the maximum Age at Maturity will be as per prevailing POS guidelines, as amended from time to time
Maximum Age for termination of life cover (if ELC is opted)			84 years - For policies purchased through POS channel, the maximum Age for Termination of Life Cover (if ELC is opted for) will be as per prevailing POS guidelines, as amended from time to time
Policy Term (PT) & Premium Payment Term (PPT)	Lumpsum Benefit
	PT (in years)	10		12	15	20
	PPT (in years)	5, 7, 10		5, 7, 8, 12	5, 7, 8, 10, 12	5, 7, 8, 10, 12
	Income Benefit
	PT (in years)	5		7	10	12
	PPT (in years)	5		7	5, 7, 10	5, 7, 12

Minimum Premium (Rs)	Variant	Yearly	Half-Yearly	Quarterly*	Monthly*
	Lump-sum	22,855	11,656	5,942	2,057
	Income	28,822	14,699	7,494	2,594
Maximum Premium	As per Maximum Sum Assured
Minimum Sum Assured	Rs. 1,00,000
Maximum Sum Assured	Based on Board Approved Underwriting Policy (For policies purchased through POS channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time)
Premium Payment Frequency	Yearly, Half yearly, Quarterly* and Monthly* *Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) and on maturity date.

Identify proof
Age proof

Address proof
Recent photograph

Investment plan that ensures future financial security

Investment Plan

Bajaj Allianz Life Guaranteed Income Goal

HDFC Life Sanchay Plus

Savings insurance plan

Savings insurance plan that offers guaranteed returns

Lifelong income option – Tax-free guaranteed income till 99 years of age
Optional riders available for increased protection coverage
Guaranteed maturity benefits

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HDFC Life Sanchay PAR Advantage

Added security for your family with regular income and a corpus

Life cover with protection up to age 100 years
Choice between Immediate Income or Deferred Income
Flexibility to accrue survival benefit payouts

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HDFC Life Sanchay

Guaranteed benefits

Choice of investment horizon

Investment horizon of your choice that yields guaranteed benefits

Non-participating insurance plan
High and guaranteed benefits depending on policy term
Flexibility to choose payment terms and premium payment options

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HDFC Life Click2Protect Plus

Attractive premiums for non-tobacco users

9 cover options

Comprehensive coverage at an affordable cost with 9 cover options

Plan options available with diverse benefits
Attractive premium rates for non-tobacco users
Insurance cover available up to 85 years of age

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HDFC Life Pension Guaranteed Plan

Single annuity plan

Guaranteed income for lifetime

Guaranteed income for lifetime with a single annuity plan

Plan available on Single or Joint Life basis
Range of annuity options available
Option to increase annuity payout through Top-Up option

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