1. What factors affect the premium for a ₹1.5 crore term insurance plan?

Several factors affect the premium for a term plan including your age, gender, the policy term, premium paying term, premium paying frequency, your occupation, your lifestyle habits, your current and past medical history, optional riders selected amongst others [5] . Properly evaluate these factors at the time of buying a ₹1.5 crore term plan.

2. Are there any medical tests required for ₹1.5 crore term insurance plan?

Some insurer may require medical tests for a high sum assured such as ₹1.5 crore. Insurers often request these medical tests to check the health status and risk profile of the life insured. The specific tests required may vary based on your health condition, age, and the insurer's underwriting policies.

3. What is the eligibility criteria to buy a. ₹1.5 crore term insurance plan?

Eligibility criteria to buy a ₹1.5 crore term plan typically include minimum and maximum age requirements. You can check the eligibility requirements in the policy document of the term plan .

4. How to calculate the premium for a ₹1.5 crore term insurance plan?

You can calculate the premium for a ₹1.5 crore term insurance plan using the online term insurance premium calculator available for free. Simply input your details, such as age, gender, smoking habits, medical history, and coverage requirements, and the calculator will instantly calculate the premium amount.

5. What happens if I miss a premium payment on my ₹1.5 crore term insurance plan?

If you miss a premium payment on a 1.5 crore term plan, you can pay it during the grace period provided by the insurer. However, if the premiums are not paid even during the grace period your policy will lapse and the coverage benefits will cease subject to revival conditions as provided by the insurer.

6. What are the Premium payment options for a ₹1.5 crore term insurance plan?

1.5 crore term insurance plan offers several premium payment options such as single premium payment, limited premium payment and regular premium payment and you can pay the premiums monthly, quarterly, half-yearly or yearly.

Claim Settlement Ratio of 99.23%^~

Calling From	Phone Number (Toll Free)
AUSTRALIA	80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI	8014605
INDONESIA	0018030160202
JORDAN	080023194
OMAN	80074363
TURKEY	00800142030059
VIETNAM	1800400070
UNITED STATES	18339680951
Calling us from INDIA	18002097272
Rest of the World	+912067871700 (Call charges apply)

1.5 Crore Term Insurance

A ₹1.5 crore term insurance plan is a high-value term insurance plan designed to provide financial coverage and protection for your family. By offering a high sum assured, this term insurance policy facilitates that your family is financially protected against unforeseen events. It combines affordability with comprehensive coverage benefits. Securing such a ₹1.5 crore term insurance plan helps manage Read More

future financial risks effectively and supports the well-being of your family, making it an important element of a robust economic strategy. Read Less

Get ₹ 1.5 Cr. Life Cover@ ₹ 17^**/Day

Health Management Services upto ₹31,000p.a.^{^^}

Zero Commission^%

Tax Benefits upto ₹46,800^##

Term Insurance Calculator^&

Gender*

Male

Female

Other

Tobacco/Nicotine*

I agree and consent to the Terms & Conditions, Privacy Policy

^{**,%,^^,##,&} T&C apply | BJAZ-WB-EC-10478/24

Customer rating

Rated by customers

Keep these Documents Handy
Photo	Colored Photo
PAN Card	PAN Card/ Form 60
Age proof (Any one)	Passport Aadhar card Driver’s License Birth Certificate Baptism Certificate of PAN card
Income documents (Any one)	Last 6 months Bank statement with salary credit Form 16 Last 3 years ITR with Computation of Income (COI) Last 3 months salary slip + Last 6 months bank statement showing salary credited
Address proof/ID proof (Any one)	Passport Aadhar card Voters ID Driver’s License

^*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V04) considering Male aged 22 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 18,038. 2nd Year onwards premium Rs. 19,257. Total Premium Paid is Rs. 5,76,491 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage: 55) | Premium shown above is inclusive of Online Discount only and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

^**The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

^##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

^@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^{^^}Get Free Benefits up to ₹ 14,000 per year

S No.

Value Added Service

Frequency

Cost (₹)

Doctor Teleconsultations

Consultation per month
= 24 consultations per year

Average cost per session = ₹500
Total cost per year = ₹500 * 2 * 12 = ₹1200

Network Discounts
Medicines (M) - 10%, Lab Booking (L) - 10%,
In-Patient Hospitalization (P)- 5%,
Out-Patient Consultation (O) - 10%

Throughout the year

Assumption - Total Expenses of these throughout the Year	Total Discounts that can be availed throughout the year
M - ₹5,000	₹500
L - ₹5,000	₹500
O - ₹5,000	₹500
P - ₹10,000	₹500

Total per year as per assumptions

₹ 14,000

Note: The above mentioned costs are based on estimated average market price for respective services.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

Written ByShruti Gujarathi

AboutShruti Gujarathi

Shruti Gujarathi has 5 years of experience in the BFSI sector, and as Manager- Digital Marketing at Bajaj Allianz Life Insurance, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years.

Reviewed ByRituraj Singh

AboutRituraj Singh

Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.

Discover the most Suitable Term Insurance Plan for you!

Tailored Term Plans Solutions for your long-term Goals.

1 Crore Term Insurance @ ₹ 15/day

2 Crore Term Insurance @ ₹ 21/day

3 Crore Term Insurance @ ₹ 30/Day

5 Crore Term Insurance @ ₹ 44/day

What is a ₹1.5 crore term insurance plan?
How does a ₹1.5 crore term insurance plan work?
Benefits of buying a ₹1.5 crore term insurance plan
Who should opt for ₹1.5 crore term insurance plan?
Steps to choose
Things to consider before buying
Steps to buy
Documents required
Conclusion
Why Bajaj
FAQs

What is a ₹1.5 crore term insurance plan?

A ₹1.5 crore term insurance policy is a specific type of life insurance plan that provides life coverage of ₹1.5 crore. In the event of the untimely demise of the life assured during the policy term, the sum assured of ₹1.5 crores is paid. It provides financial security to the family of the life insured in the absence of the breadwinner.

Traditional term insurance policies do not provide maturity benefits; hence individuals can opt for high coverage of ₹1.5 crore at cost-effective premiums. However, term plans with Return of Premium offers maturity benefits where the policyholder get back all premiums paid at the time of maturity if they outlive the term of the plan.

How does a ₹1.5 crore term insurance plan work?

A 1.5 crore term insurance plan works on a straightforward premise. You choose the following:

Policy term:

The period of the policy for which the coverage will be provided.

Premium paying term:

The period during which you have to pay the premiums. It can be single premium, limited premium or regular premium.

Premium paying frequency:

The frequency such as monthly, quarterly, half-yearly or yearly in which the premiums for the plan would be paid

Optional riders, if needed:

You can add optional riders at an additional cost to enhance the coverage of the base plan.

Based on the above-given factors you selected, your age, and other risk factors, the premiums for the policy are calculated. You will have to pay the premiums for the chosen premium payment tenure at the chosen premium paying frequency, and in the event of death during the chosen policy term, the sum assured of ₹1.5 crores will be paid. However, if you survive till the expiry of the policy tenure, nothing will be payable in the standard term insurance policy. However, in the term plan with a return of premium, you will be refunded the premiums paid for the plan as a maturity benefit.

Further, if you add optional riders, you will get the rider sum assured in addition to the sum assured in the base term insurance plan on the occurrence of the covered event during the rider term.

Benefits of buying a ₹1.5 crore term insurance plan

Here are some of the benefits of buying a ₹1.5 crore term insurance plan:

Financial stability for the family

A 1.5 crore term insurance plan offers high-value financial protection to your loved ones in the event of your untimely death. This sum can help your family cover the major expenses, such as education costs, outstanding debts, and living expenses, ensuring they are well-supported even in your absence.

Read Less

Tax Advantages

Premiums paid for the term insurance plan can be claimed as a deduction under Section 80C of the Income Tax Act, 1961, up to ₹1.5 lakhs per annum¹, under old tax regime subject to specified terms and conditions. Additionally, the death benefit is tax-free². If you opt for a return of the premium term plan, any refund received upon maturity is also tax-free under Section 10(10D)³ of the Income Tax Act, 1961, subject to specified terms and conditions.

Read Less

Flexible Coverage Options

Term insurance plans offer a range of optional riders, such as critical illness riders, accidental death benefit rider, and more to enhance and customize the term plan as per the individual insurance requirements.

Read Less

Peace of Mind

Knowing that your loved ones are financially protected at all times when you are not around brings much-needed peace of mind. A ₹1.5 crore coverage ensures that your family will have sufficient amount to handle any financial obligations and maintain their lifestyle.

Read Less

Affordable Premiums

Despite the high coverage amount, term insurance plans generally have low premiums compared to other types of life insurance, making it affordable to secure a significant sum assured without straining your budget.

Read Less

Who should opt for ₹1.5 crore term insurance plan?

A ₹1.5 Crore term insurance plan is ideal for those who require a coverage amount of ₹1.5 crore based on their financial goals and lifestyle habits. Young individuals beginning their financial planning and having limited responsibilities may find ₹1.5 Crore term insurance plan suitable to meet their significant financial responsibilities ahead, such as raising a family, buying a home, or planning for their child’s education. ₹1.5 crore term insurance is also suitable for the primary breadwinners of the family to ensure that their family is financially protected and can maintain their standard of living even in their absence.

Individuals with high liabilities and individuals planning for large financial goals can also invest in ₹1.5 Cr term insurance plan to have sufficient funds to meet the outstanding liabilities as well as their long-term financial goals without creating a financial strain on their loved ones. Individuals having high net worth can also consider buying ₹1.5 crore term insurance to ensure that their family can comfortably maintain their lifestyle and manage any estate planning requirements.

A ₹1.5 crore term insurance plan is suitable for anyone whose coverage needs to be aligned with this amount. It’s important to evaluate your financial goals and needs carefully and make an informed decision based on your financial budget and needs.

Steps to choose the right coverage of a ₹1.5 crore term insurance plan

To choose the right ₹1.5 crore term insurance plan, consider these factors:

Premium Rate

Compare the premiums of the ₹1.5 crore term insurance plan across different plans to find the one which offers the best coverage at a competitive rate.

Read Less

Coverage

Look for term plans which offer comprehensive coverage along with the benefit of customization through additional inbuilt benefits or optional riders for enhancing the protection.

Read Less

Claim Settlement Ratio

Go for an life insurance company with a high Claim Settlement Ratio (CSR), as this ensures higher chances of successful claims.

Read Less

Ease of Purchase

Opt for term plans which are simple and easy to buy, ensuring a faster and quicker process.

Read Less

Claim Process

Choose a plan that has an efficient, hassle-free claim process.

Read Less

Things to consider before buying a ₹1.5 crore term insurance plan

Here are some of the things one must consider before they buy a 1.5 crore term insurance plan–

Is the sum assured in the term plan adequate to meet your future financial goals and needs?
What is the premium amount you will be required to pay?
What policy period or term provides the best protection for your situation?
Should you add optional riders with the term policy, and if so, which ones are most suitable?
Which premium payment term and frequency would be the most cost-effective for you?
Are you eligible to purchase a 1.5 crore term insurance plan?

Steps to buy a ₹1.5 crore term insurance plan online

To buy a 1.5 crore term insurance plan online, follow these simple and quick steps:

Visit the website of the insurer and select the 1.5 crore term insurance plan that you want to buy.
Use the online premium calculator to estimate the premium for your desired term plan with the desired tenure. Enter your details such as name, gender, age, contact information, smoking or tobacco use, occupation, education, and income to determine the premium cost.
Then choose the coverage options such as sum assured in the plan, policy term, premium payment tenure and frequency, and any optional riders, if required.
Then review and confirm the calculated premium based on your selections and details.
In the next step, simply pay the premium using the digital payment methods available and submit the application form online.
The insurer will review your proposal and issue the policy.
If a medical check-up is required since is sum assured is high, schedule and complete the medical examinations to expedite the issuance of the policy at the earliest and coverage benefits.

Documents required to buy ₹1.5 crore term insurance plan

To buy ₹1.5 crore term insurance plan, you need to submit certain documents to the life insurance company at the time of application. While the requisite documents may vary slightly depending on the insurer here's a general list of documents commonly required to buy ₹1.5 crore term insurance plan ^[4]:

Category	Documents
Identity proof such as	Aadhaar Card, Voter’s ID Card, Passport, PAN Card, etc.
Age Proof	Birth Certificate, Aadhaar Card, Voter’s ID Card, PAN Card, etc.
Address Proof	Aadhaar Card, Voter’s ID Card, Utility Bills, Rent Agreement, Property Deed, etc.
Income Proof (if required)	Salary Slip, Form 16, Income Tax Returns of the Last Few Years, Audited Financial Statements of the Business, etc.
Photographs	Recent passport-sized colored photographs
Medical Reports	Medical reports (if required)
Additional Requirement	PAN Card (if not already submitted) or Form 60

Conclusion

A ₹1.5 crore term insurance plan provides a robust financial safety net to you and your family, making it a strategic choice for individuals having substantial coverage needs. This high-value plan ensures that your loved ones are equipped to handle big financial responsibilities alongside maintaining their standard of living. You can proactively secure your family’s financial future by investing in a ₹1.5 crore term insurance plan, ensuring that they have the needed financial support, even in your absence.

99.23%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

Stable Rating by CARE^$

₹1,21,724 Cr

Assets Under Management (AUM)^**

4.07 Cr

Number of Lives Covered^#

432%

Solvency Ratio of 432%^{^}

Disclaimer:^~Individual Death Claim Settlement Ratio for FY 2023-2024 | ^%96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | ^$For details refer to press release published by CARE | ^**All figures as on 31 August 2024 | ^{^}Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | ^#Individual & Group.

Frequently Asked Questions

Read All

Reference:

https://incometaxindia.gov.in/tutorials/20.%20tax%20benefits%20due%20to%20health%20insurance.pdf(opens in a new tab)

https://www.livemint.com/money/personal-finance/how-life-insurance-policies-are-taxed-11665145664260.html(opens in a new tab)

https://economictimes.indiatimes.com/wealth/tax/now-life-insurance-maturity-money-will-not-be-fully-tax-exempt-cbdt-issues-new-tax-rules/articleshow/102797642.cms?from=mdr(opens in a new tab)

https://www.bajajallianzlife.com/life-insurance-guide/term/documents-required-for-term-plan.html(opens in a new tab)

https://www.forbes.com/advisor/life-insurance/factors-affecting-rates/(opens in a new tab)

Customer Speaks

Happy with the services

I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.

Rashmi Bhavnani

Satisfied, Trust

I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.

Shrikant A Karande

Happy with the returns

I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.

Kavita Goplani

Very Happy

I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.

Dhruv Soni

Types Of Term Insurance Plans In India

Life may be great for the most part, but at some point, uncertainties and unexpected events may happen. They may be sudden job losses, pay cuts, or even accidents. And almost always, such incidents come with financial difficulties.

Rider Benefits under Term Insurance

Term insurance plans offer a range of riders which help in enhancing the scope of the policy during the coverage tenure. Riders are additional coverage features which are available on an optional basis. You can choose to.

What Are The Documents Required For Term Plan?

For some people, term insurance may offer life cover at an affordable premium, when compared to other types of life insurance. Having term insurance may ensure that in case you lose your life during.

Term Insurance Tax Benefits

A term insurance policy is a protection-oriented life insurance policy that can help create a secured financial corpus for the family in the case of the life insured’s untimely demise. It also helps prepare the family for unplanned

View All

Reviewed by Life Insurance Experts

Bajaj Allianz Life is a trusted insurance partner

At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

Health Management Services

Health Management Services	Frequency	Cost (₹)
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
Total per year as per assumption		₹ 31,000

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.
Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

^{^}The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

GET LIFE COVER & SAVE TAXES UPTO ₹46,800^$$

Upto 16% Discount on first year premium³

>Get ₹1 Cr Term Plan @ ₹15/day^{^2}

>Get ₹2 Cr Term Plan @ ₹21/day^{^3}

Disclaimer:

^~Individual Death Claim Settlement Ratio for FY 2023-2024

^{^2} Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V02) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Direct Sales Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 5,118. 2nd Year onwards premium Rs. 5,548. Total Premium Rs. 1,66,010 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Direct Sales Channel Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

^{^3} Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V02) considering Male aged 23 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Direct Sales Channel | Standard Life | 1st Year Premium is Rs. 7,195. 2nd Year onwards premium is Rs. 7,800. Total Premium is Rs. 2,33,395| Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Direct Sales Channel Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

³ 5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

^$$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Tax Benefit is calculated at the rate of 31.20% after considering deduction of Rs. 150,000/- under Section 80C of the Income Tax Act 1961 (under old tax regime)

For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

Bajaj Allianz Life Insurance Co. Ltd. | Bajaj Allianz Life eTouch II (UIN- 116N198V02) | IRDAI Reg. No. 116

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome

Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

1.5 Crore Term Insurance

What is a ₹1.5 crore term insurance plan?

How does a ₹1.5 crore term insurance plan work?

Policy term:

Premium paying term:

Premium paying frequency: