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eTouch Life Shield is the standard life-cover variant for people seeking financial protection for their family. The death benefit is payable according to the sum assured and payout option selected at policy inception. Eligibility, premium payment terms and the available policy duration depend on the applicable product version and underwriting.
Budget-focused life protection with terminal illness benefit and optional features, subject to policy terms.
Consider the amount your family would need for regular expenses, outstanding loans and long-term goals before choosing the cover. Compare the policy term and premium-payment term carefully. The displayed starting premium is not a guaranteed quote for every customer; the final amount depends on age, health, lifestyle, cover and selected options.
Bajaj Allianz Life
Key Insights
Founded
2001
Bajaj Allianz Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
Bajaj Allianz Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-7272
Headquarters: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006, Maharashtra, India
Provides a death benefit to the nominee if the insured dies during the active policy term, subject to policy conditions.
Choose a sum assured that reflects family expenses, liabilities and future goals.
Terminal illness benefits may be available under the applicable product wording and eligibility conditions.
Confirm the definition, evidence requirements and payout conditions in the policy document.
Policy duration and premium-payment options depend on the selected variant and eligibility.
Check the available policy term before purchasing.
The plan may offer regular or limited premium-payment options, depending on the variant selected.
Compare the total premiums payable across payment terms.
The nominated beneficiary can receive eligible policy proceeds under the policy terms.
Keep nominee details updated and inform family members where policy documents are stored.
An eligible critical illness rider may provide a benefit on diagnosis of a covered condition when the rider requirements are met.
Check the covered-condition list, survival period and claim definitions before adding it.
An eligible accidental death rider may provide an additional benefit for a qualifying accidental death.
Availability, premium and exclusions depend on the current rider wording.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
It is presented as a term life protection option. The exact benefits and eligibility depend on the applicable policy version and wording.
It may suit people seeking financial protection for dependants. Choose the sum assured after considering expenses, debts and future responsibilities.
No. Treat it as a displayed starting price, not a guaranteed personalised quote. The final premium depends on factors such as age, health, cover and policy term.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bajaj Allianz Life website before purchasing.
Official Website
bajajallianzlife.com
Visit the official Bajaj Allianz Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
The listing currently displays ₹25 lakh–₹3 crore. Confirm the available cover for your age, variant and underwriting profile with the insurer.
A standard term life variant generally does not return premiums at maturity unless the chosen variant specifically includes a return-of-premium benefit. Check the policy schedule.
Eligible optional riders may be available. Their availability, benefits, exclusions and premiums depend on the current rider terms.
The eligible benefit is paid to the nominee or beneficiary according to the policy schedule and selected payout option, after the claim is assessed.
Review the policy term, premium-payment term, sum assured, exclusions, disclosures, nominee details and the current policy wording.
The premium depends on the policy option and payment structure chosen at purchase. Review the issued policy schedule for the payable premium and any applicable conditions.
The nominee should notify the insurer and submit the required claim form, policy details, identity documents and supporting records requested by the insurer.