1. What factors affect the premium for a ₹10 crore term plan?

Premiums for a ₹10 crore term insurance plan are influenced by several factors such as your age, gender, policy tenure, health, lifestyle habits, premium payment tenure and frequency, medical history, optional riders and other risk factors such as your occupation, family health history, etc 5 . Consider and evaluate all the factors to keep the premiums low and affordable.

2. What are the eligibility criteria to buy a ₹10 crore term plan?

Eligibility criteria typically depend on the plan that you choose. It generally includes minimum and maximum age limits, maturity age, health conditions, etc. There are also minimum and maximum policy tenure and premium payment terms . Ensure to check the eligibility criteria before planning to buy a ₹10 crore term plan.

3. Can the policy term be customized for ₹10 crore term insurance?

Yes, you can customize the policy term for ₹10 crore term insurance to suit your financial goals, such as 10 years, 20 years, or 30 years, depending on the insurer’s offerings and terms and conditions of the term insurance plan.

4. Can I add riders to my ₹10 crore term plan to enhance the coverage?

Yes, you can consider adding optional riders such as accidental death benefit rider, accidental death and disability benefit rider, critical illness rider , term rider, and premium waiver rider [6] to enhance coverage based on your needs. However, these optional riders come at an additional premium cost which may shoot up the premiums of your base term insurance plan.

5. Is a ₹10 crore term insurance plan available for NRIs?

Yes, many insurance companies offer ₹10 crore term insurance plans for NRIs, subject to specific eligibility criteria and documentation requirements.

6. What are ₹10 crore term life insurance exclusions?

Exclusions in ₹10 crore term life insurance plan, just like other term plans typically include death due to self-inflicted injuries, suicide within waiting period, pre-existing medical conditions, substance abuse or participation in hazardous or illegal activities. You can read and review the policy document for detailed exclusions and other terms and conditions. [6]

Claim Settlement Ratio of 99.23%^~

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10 Crore Term Insurance

A ₹10 crore term insurance plan provides financial protection, offering a sum assured of ₹10 crores in the event of the untimely death of the life assured during the policy's tenure. This type of life insurance is designed to ensure the future financial security of the family and keep them protected against the loss of income or other financial burdens which may arise from the life assured’s unfortunate demise. Read More

With its extensive coverage at affordable premiums, this plan is ideal for those seeking optimal financial security for their family and ensuring they can fulfil their long-term financial goals alongside managing their financial needs and obligations, such as covering living expenses and paying off debts. Read Less

Get ₹ 10 Cr. Life Cover @ ₹ 89^**/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-10453/24

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 ByRosy Pathak

AboutRosy Pathak

Rosy Pathak, AVP- Product and Brand Marketing at Bajaj Allianz Life Insurance carries over 17 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.

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A ₹10 crore Term Insurance Plan- What is it?
How does a ₹10 crore term insurance plan work?
How to choose
Things to consider before buying
Benefits of buying a ₹10 crore term insurance plan
Who should opt for ₹10 crore term insurance?
Steps to buy
Documents required
Premium payment options
Why Bajaj
FAQs

A ₹10 crore Term Insurance Plan- What is it?

A ₹10 crore term insurance policy is a life insurance policy which has a sum assured of ₹10 crores, which is usually payable if the life assured dies during the tenure of the policy. This plan is designed to provide life coverage, offering a financial cushion for the beneficiaries. Unlike other life insurance plans, term insurance focuses solely on paying the sum assured as death benefit on death during the policy term and does not offer maturity benefits unless a return of premium option is included.

How does a ₹10 crore term insurance plan work?

Under a ₹10 crore term insurance plan, you choose the sum assured, which is ₹10 crores, the policy tenure, the premium paying term and frequency. You can also opt for optional riders if you are looking for additional protection at extra cost.

The premium for term insurance ₹10 crore coverage will be calculated based on the chosen parameters, your age, gender, health history, occupation, and other risk factors. You then pay the calculated premium for the chosen premium payment term at the chosen premium payment frequency.

If the life assured dies during the chosen policy term, the sum assured is paid to the nominees as the death benefit under the plan. However, if the life assured survives the entire policy tenure, no benefit would be payable as standard term insurance policies typically do not provide any maturity benefit. However, some term plans have the return of premium option in which the total premiums paid for the plan are refunded as maturity benefit if the life assured outlives the policy term.

How to Choose the Right ₹10 Crore Term Insurance Plan?

Choosing the right ₹10 crore term insurance plan involves assessing several factors to ensure it meets your financial protection requirements and offers the best value. Here are key factors to be considered while choosing a term insurance ₹10 crore-

1. Coverage Requirements

Consider your insurance needs and financial obligations to assess if ₹10 crores is adequate to cover your family’s financial requirements, including outstanding liabilities and debts, living expenses, and future obligations. Look for in-built riders and other coverage benefits to increase the scope of the coverage of the plan.

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2. Policy Term

Choose a policy term which covers critical stages of your life and ensures protection during financial milestones, such as until major loans are repaid or your children are financially independent.

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3. Ease of Purchase and Claim

Go for a term plan which has a simple buying process and simpler claim settlement process. Hassle-free processes help in getting the coverage at the earliest and receiving the payout on time during crises.

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4. Claim Settlement Ratio

Opt for insurers with a high claim settlement ratio to ensure prompt and reliable claim processing.

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5. Riders

Consider adding optional riders (e.g., critical illness benefit rider, accidental death benefit rider, waiver of premium rider, etc) to enhance your coverage based on your specific insurance needs at nominal extra cost.

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Things to consider before buying a ₹10 crore term insurance plan

Before buying a ₹10 crore term insurance policy, consider the following:

Coverage Adequacy

Confirm that ₹10 crores will adequately cover the financial needs of your family, including any existing liabilities and future goals. For people who are the breadwinners of their family, it is necessary to ensure that the coverage is sufficient to meet the family’s daily expenses and maintain their standard of living even when the life assured is not around, alongside meeting financial liabilities and commitments.

Premium Costs

Review and compare the premium cost vis-à-vis the coverage benefits and select a premium payment frequency which aligns with your financial capabilities. You can select from single-pay, limited-pay, or regular-pay options.

Policy Term

Determine an appropriate term of the policy that offers maximum protection and ensure coverage throughout the key financial milestones of the individual’s life.

Insurer’s Reputation

Research the claim settlement ratio of the insurer and read the customer service reviews to ensure a reliable and smooth claim settlement process and check the reputation of the company.

Add-ons/Riders

Consider adding optional riders to enhance coverage of the base term insurance at additional cost. For example, a critical illness rider can provide additional financial coverage in case the life assured is diagnosed with the covered critical illness.

Eligibility Criteria

Check the eligibility criteria to buy the term insurance plan and verify your eligibility based on age, health, and other factors as specified by the insurance company.

Benefits of Buying a ₹10 Crore Term Insurance Plan

Here are some of the key benefits of buying a ₹10 crore term insurance plan:

1. Comprehensive Coverage

A ₹10 crore term insurance plan provides a substantial amount of coverage of ₹10 crores to safeguard the financial future of your loved ones in case of an unforeseen event. It acts as an income replacement for people who are the breadwinners of their families, allowing them to meet their day-to-day expenses and long-term financial goals.

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2. Affordable Premiums

Term insurance plans have affordable premiums making them pocket-friendly. They typically offer high coverage at a relatively low premium in comparison to other types of life insurance.

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3. Customisable Coverage

Term plans usually offer several riders to enhance the scope of coverage of the base term plan. You can choose from critical illness benefit rider, accidental death benefit rider, term rider and more to customise your term plan coverage as per your insurance needs at extra cost.

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4. Tax Advantages

The premium that you pay for ₹10 crore term insurance plan is eligible to be claimed as a tax deduction for up to ₹1.5 lakhs per annum u/s 80C of the Income Tax Act, 1961, under old tax regimesubject to the terms and conditions provided therein^[1]. Further, the death benefit that is received under the term insurance plan is also tax-free^[2]. Moreover, if you opt for the return of a premium term insurance plan, the premiums which are refunded on maturity would also be tax-free under Section 10(10D) of the Income Tax Act, 1961, subject to the terms and conditions specified therein.

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Who should opt for ₹10 crore term insurance?

A ₹10 crore term insurance plan is suitable for policyholders who require high levels of coverage due to significant financial responsibilities. This includes business owners, high-income earners, individuals with high net worth, and those with large family obligations and future financial commitments. Those who have existing term insurance policies may also opt for a ₹10 crore term insurance plan to increase their overall coverage.

In essence, it is ideal for those seeking coverage of the said sum assured for the financial stability of their family in their absence. It’s necessary to assess your family's needs and financial obligations to determine if ₹10 crore term insurance policy aligns with your long-term financial goals.

Steps to Buy a ₹10 Crore Term Insurance Plan Online?

To buy a ₹10 crore term insurance plan online, follow these simple steps:

1. Research Options

Explore different insurers offering ₹10 crore term insurance plans and choose a term plan with extensive coverage at competitive premiums. Additionally, one must also compare the claim settlement ratio and the solvency ratio of the insurer to make an informed decision. Use an online term insurance premium calculator to estimate the premium cost based on your coverage needs and personal details such as your name, age, gender, contact information, tobacco consumption or smoking habit, education, income, occupation, etc.

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2. Complete Application

Visit the website of the insurer whose term insurance plan you want to buy and fill out the online application form with correct information about your health and lifestyle, and then choose the term insurance coverage such as the sum assured, premium payment tenure and frequency, policy tenure, optional riders, etc.

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3. Premium Calculation

Next, based on your provided data and information, the premium cost would be calculated and displayed on the screen.

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4. Upload Documents

Once you check and finalise the premium, submit necessary documents such as identity proof, address proof, medical report, age proof, photographs, etc.

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5. Make Payment

Once all the documents are submitted, pay the premium using secure online payment methods.

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6. Receive Policy

The insurer will underwrite the proposal and issue the coverage after processing. You will get your policy confirmation and details on your registered email ID and mobile number. If any medical check-up is required, schedule the check-up and complete it for quick issuance of the policy.

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What are the documents that are required to buy ₹10 crore term insurance?

To buy a term insurance ₹10 crore plan, you typically need the following documents^[3]-

Identity proof

Aadhar card, PAN card, passport, or voter ID.

Address Proof

Utility bills, voter ID, rental agreement, Aadhaar Card or property documents

Income Proof, if required

Salary slips, Form 16, or audited financial statements of the business, income tax returns, etc. as applicable.

Age Proof

Birth certificate, Aadhar card, PAN Card, passport or voter ID.

Photographs

Recent passport-sized coloured photographs.

Medical Reports

Health check-up reports, if applicable.

Premium Payment Options for a ₹10 Crore Term Insurance Plan?

When buying a ₹10 crore term insurance plan, you have several premium payment options

to select from, allowing you to choose a payment structure which best fits your financial planning and budget. Premiums for a term insurance ₹10 crore plan can be paid in the following ways^[4]:

1. Single Premium Payment

You can pay the entire premium for the plan upfront in a one-time single payment for the entire policy term.

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2. Limited Premium Payment

Under the limited premium payment option, you can pay the premiums for a specific period while enjoying life insurance coverage for the full policy term. Say you can pay premiums for a term of 5 years or 10 years for a policy term of 10 years or 15 years, respectively.

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3. Regular Premium Payment

In regular premium payment option, you will have to pay the premiums throughout the policy term periodically i.e. annually, semi-annually, quarterly, or monthly as per the chosen premium payment frequency.

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Conclusion

A ₹10 crore term insurance plan provides financial security to your loved ones in your absence. By selecting the right ₹10 crore term insurance plan, choosing the suitable premium payment options, and adding optional riders as per your needs, you can tailor your term insurance plan to meet your specific insurance requirements and secure your family’s future effectively.

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

https://www.livemint.com/money/personal-finance/how-life-insurance-policies-are-taxed-11665145664260.html

https://www.etmoney.com/help/insurance/term/what-are-the-documents-required-to-buy-a-term-insurance-plan

https://www.moneycontrol.com/news/business/personal-finance/which-premium-payment-option-to-choose-while-buying-term-insurance-2484883.html

https://www.forbes.com/advisor/life-insurance/factors-affecting-rates/

https://www.etmoney.com/learn/insurance/what-are-the-riders-that-are-offered-with-a-term-plan-and-should-i-take-them/

https://economictimes.indiatimes.com/wealth/insure/life-insurance/8-major-death-cases-which-are-not-covered-in-term-life-insurance/articleshow/70444745.cms?from=mdr

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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 Medical Test

However, in some cases, a medical test for term insurance is needed. The insurance company may ask you to undergo a health check-up before the policy is issued. Your medical health is assessed and then the insurance company

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.

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Disclaimers:

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.

Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800

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Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800^*

99.23% Claim Settlement Ratio^~

Premium Holiday¹

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^**Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) 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. 10,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 29,881 . 2nd Year onwards premium is Rs. 32,391. Total Premium is Rs. 9,69,220 | 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 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 & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

^##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 Health Management Services upto Rs. 31,000 per year

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.

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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

10 Crore Term Insurance

A ₹10 crore Term Insurance Plan- What is it?

How does a ₹10 crore term insurance plan work?

1. Coverage Requirements

2. Policy Term

3. Ease of Purchase and Claim

4. Claim Settlement Ratio

5. Riders

Things to consider before buying a ₹10 crore term insurance plan

1. Comprehensive Coverage

2. Affordable Premiums

3. Customisable Coverage

4. Tax Advantages

Who should opt for ₹10 crore term insurance?

1. Research Options

2. Complete Application

3. Premium Calculation

4. Upload Documents

5. Make Payment

6. Receive Policy

What are the documents that are required to buy ₹10 crore term insurance?

1. Single Premium Payment

2. Limited Premium Payment

3. Regular Premium Payment

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio~

Get 1 Day Claim Approval%

Stable Rating by CARE$

Assets Under Management (AUM)**

Number of Lives Covered#

Solvency Ratio of 432%^

Frequently Asked Questions

Customer Speaks

Popular Searches

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$

Assets Under Management (AUM)^**

Number of Lives Covered^#

Solvency Ratio of 432%^{^}