How Does Bajaj Allianz Term Plan with Return of Premium Work?
Bajaj Allianz's term plan with a return of premium is the same as a standard term plan. It works as a life cover and provides a death benefit to the beneficiaries of the policy. Policyholders can benefit from a term plan with a return of premium by paying an additional premium.
Example:
- If a 30-year-old person purchased the term insurance policy with a return of premium of Rs. 1 crore for 25 years
- If he dies in the policy period itself, his family will get 1 crore
- If he survived the policy period then he will get the return of the premium amount from the insurer.
How to Compare Bajaj Allianz Term Plan Premium Calculator Online?
You can compare Bajaj Allianz's term plan with other top leading insurers online using the premium calculator on our portal. The term plan premium calculator offers a premium, that you should be paid out based on the sum assured from your policy. It helps you obtain premium quotes in minutes without any documentation.
- Enter personal information such as name, gender, date of birth, yearly income, city, mobile number, and tobacco consumer or not, etc.
- The sum assured you wish your family/beneficiary to receive from your policy and Maturity coverage
- The premium calculator will recommend plans with different premium rates for you in accordance with the details you have provided.
- Once you have evaluated what plan is right for you, you can proceed to purchase it online without any delay.
Is Bajaj Allianz Term Insurance Good?
Yes, Buying Bajaj Allianz Term Insurance Policy is good. In most of the term insurance policies, claims are paid to the nominee in case of death of the policyholder whereas Bajaj Allianz term insurance policies provide maturity benefit to the insured customers in case of survival till the end of the policy period. It also provides High protection at low premiums, Add-ons, and Financial Security. Low premium and attractively large cover, Financial dependents are protected, Ensure your assets, Riders/add-ons.
What is Bajaj Allianz Term Insurance ?
Bajaj Allianz Term insurance is a joint venture between Bajaj Finserv Limited owned by Bajaj Group of India and Allianz SE, a European Financial Services company. It is one of the leading private life insurance companies in India. It has commenced its operations in India in 2001 after receiving the license from the insurance regulator IRDA. It has a distinctive agent network with more than 80k agents operating on its platform generating business for the company. There are more than 509 branches located across India and a comprehensive set of trusted partners including a strong online presence with the online sales channel.
How Much Premium for 20 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.
How Much Premium for 15 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.
How Much Premium for 10 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.
How Much Premium for 7 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.
How Much Premium for 5 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.