A joint venture of Bajaj Finserv & Allianz SE (Germany) offering innovative life insurance solutions with 98%+ claim settlement since 2001.
Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited — one of India's largest financial conglomerates — and Allianz SE, Germany — the world's largest insurance group. Established in 2001, the company combines Bajaj's deep Indian market expertise with Allianz's global insurance knowledge and best practices.
Bajaj Allianz Life has served over 6 crore customers and manages assets exceeding ₹1 lakh crore. Known for its technology-first approach, the company was among the first to introduce AI-based instant claims settlement, WhatsApp-based servicing, and completely paperless onboarding processes.
An affordable online term insurance plan offering pure life cover up to ₹1 Crore with one of the lowest premiums in the industry. Simple, no-frills protection ideal for young families seeking maximum cover at minimum cost.
A comprehensive term plan with multiple payout options — life protect, income protect, and income plus protect. Offers return of premium variant ensuring 100% premium refund on survival, combining protection with savings.
A non-linked guaranteed returns plan providing life cover with wealth accumulation through guaranteed additions. Limited premium payment with lump sum maturity benefit for long-term financial goals.
A ULIP plan designed for wealth creation with multiple fund options and zero premium allocation charges. Features life stage-based automatic fund rebalancing to optimize returns based on your risk profile and time horizon.
Bajaj Allianz Life's solvency ratio of 414% is the highest among all Indian life insurers — nearly 3x the IRDAI requirement of 150%. This ensures rock-solid financial security for policyholders.
Backed by Allianz SE (€1+ trillion AUM) — the world's largest insurer. Global risk management expertise and best practices ensure products are designed with international standards of reliability.
Industry-first AI-based instant claim settlement for eligible policies. Standard death claims settled within hours, not days. Real-time claim tracking through app and WhatsApp.
100% paperless onboarding, WhatsApp bot for servicing, video KYC, and AI-assisted underwriting. Over 85% policies issued instantly without medical tests through tech-driven risk assessment.
Customize with accidental death & disability rider, critical illness cover (40 conditions), waiver of premium, and hospital cash rider. Riders available at 10-15% additional premium.
Premiums save tax under Section 80C, life insurance proceeds tax-free under 10(10D). ULIPs offer additional benefit of equity LTCG exemption up to ₹1.25 lakh under current tax regime.
Intimate claim via app, website, WhatsApp (82910 12345), or toll-free 1800-209-7272. AI-bot guides you through required documents list.
Upload claim form, death/medical certificate, KYC of claimant, policy bond, bank account details. Photo-upload via app accepted for speed.
AI-powered document verification and risk assessment for standard claims. Eligible claims approved within hours. Complex cases reviewed within 15 days.
Approved claims settled via NEFT within 1-2 business days. AI-eligible claims may receive same-day payout. Real-time tracking via app.
Bajaj Allianz Life maintains a 414% solvency ratio (vs 150% IRDAI requirement) due to conservative reserve management, Allianz's global risk practices, and strong profitability. This means extreme financial safety for policyholders.
Yes, eTouch is one of India's most affordable online term plans with premiums starting ₹375/month for 25-year-old males. It's ideal for pure protection needs up to ₹1 Crore without bells and whistles.
The ROP variant returns 100% of premiums paid (excluding rider and GST) if you survive the full policy term. While premiums are 40-60% higher than standard term, you get complete money back plus life cover.
Standard claims are typically settled within 1-2 business days. AI-eligible claims (policies 3+ years, natural death, documentation complete) can be settled same-day. Overall claim ratio: 98.34%.
Yes, for ages below 40 and sum assured up to ₹75 Lakh, many plans are issued without medical tests using AI-based underwriting. Higher covers or older ages require standard medical examinations.