MUMBAI:
The importance of term plans are several, and it has been recommended that every individual, especially the bread-winner of a family, must have one to ensure the family is able to stay on track, financially, in case of the death of the bread-winner. These term plans are economical when purchased at a young age. To encourage many more individuals to protect their families, Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has announced a new initiative.
Bajaj Allianz Life Insurance has announced an industry-first discount for first time buyers of individual Term Plans. Customers can avail up to 10% (cumulative) discount on Bajaj Allianz Life’s flagship Term Plans – Bajaj Allianz Life eTouch and Bajaj Allianz Life Smart Protection Goal – and commence their journey on securing the Life Goals of their loved ones. The Company is offering a special 5% discount on the first-year premium of the term plans to first-time buyers of a life insurance policy. Additionally, salaried customers can further avail a special one-time discount of 5%, leading to a total of up to 10% discount on their first year’s premium. These attractively priced Term Plans are available across all distribution points of Bajaj Allianz Life Insurance.
Speaking on the launch of the industry-first initiative, Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “We have been focusing on making life insurance affordable as well as simple, so that many more customers can avail the benefits offered by our products. Term Plans are an essential part of any financial portfolio as well as a critical product that offers customers peace of mind. I’m confident that this industry-first initiative will enable Bajaj Allianz Life Insurance to become the first choice for policy holders as they commence their life insurance journey, and thereby help increase the penetration of insurance within the country.”
Key Features of Bajaj Allianz Life eTouch
· Shield for life that covers Death, Terminal Illness & disability due to accident
· Exit early (after the need for cover is over) and get back the paid premiums as Early Exit Value
· Premium Holiday option that helps to skip premiums for 1, 2 or 3 years during the premium payment term
· Option of extra cover in case of death due to accident
Key Features of Bajaj Allianz Life Smart Protection Goal
· Comprehensive coverage with a multitude of features
· Option to choose Return of Premium as Maturity Benefit
· Option to choose Whole of Life cover up to age 99 years
· Option to get financially covered against 55 Critical Illnesses
