1. Can I change the plan premium during the policy's tenure?

Changing the plan premium during the policy tenure is not possible. The premium usually remains constant throughout the policy term .

2. Are there any medical tests required for ₹25 Lakh term plan?

The requirement of medical tests depends on your age, medical history and the life insurance company’s underwriting policies. Under some cases a medical test might be needed while under others no medical check-up is required for policy issuance.

3. Can I add riders to my ₹25 Lakh term plan?

₹25 Lakh term plan provides you the ability to add a rider to an existing term insurance policy . You can choose from the available rider options depending on your needs and coverage requirements.

4. What happens if I survive the policy tenure for a ₹25 Lakh term plan?

Under a regular term insurance policy , there will be no maturity benefit. So, if you survive the policy tenure, no benefit will be paid. However, if you have chosen the option of return of premium, the premiums paid during the entire tenure of the policy would be refunded as a maturity benefit, subject to the policy terms & conditions.

5. What factors affect the premium for a ₹25 Lakh term plan?

Term Insurance premium for ₹25 lakhs might vary depending on a number of factors. Some include your age, lifestyle, medical history, coverage options, and the life insurance company's underwriting standards.

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)

₹ 25 Lakh Term Insurance

A term insurance plan is a significant source of financial security. The policy includes the risk of early death. It can provide financial peace of mind to the life assured and his family that in the absence of the breadwinner, the term plan can provide financial assistance. Read More

The sum insured that you decide for a term insurance plan represents the amount of coverage that you receive. Term insurance plans include many coverage options, including ₹25 lakh coverage.Read Less

Get ₹25 Lakhs Life Cover @ ₹ 11^**/Day

Option to take death benefit in instalments

Joint Life Cover

Tax Benefits upto ₹46,800^##

Check Your Premium!

Gender*

Male

Female

Other

Tobacco/Nicotine*

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

^**,## T&C apply | BJAZ-WB-EC-11332/24

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.

Discover the most Suitable Term Insurance Plan for you!

Tailored Term Plans Solutions for your long-term Goals.

1 Crore Term Insurance @ ₹15 /Day

75 Lakh Term Insurance @ ₹19/Day

50 Lakhs Term Insurance @ ₹12/Day

30 Lakhs Term Insurance @ ₹ 13/Day

What is ₹25 lakh term insurance plan?
How does ₹25 lakh term insurance work?
Features & Benefits of buying a 25 Lakh term insurance plan
Who should opt for 25 Lakh term insurance?
How do you choose the right 25 Lakh term plan?
How to buy a 25 Lakh term insurance plan online?
Documents required to buy 25 Lakh term insurance
Premium payment options for a 25 Lakh term insurance plan?
Conclusion
FAQs

What is ₹25 lakh term insurance plan?

A plan that provides coverage up to ₹25 lakhs is known as a ₹25 lakh term insurance. Under the policy, the sum assured is ₹25 lakhs, and it is typically paid out if the life assured dies within the policy's term.

The ₹25 lakh term insurance plan might also offer the return of premium option. If you choose this option, the premiums paid during the policy term are refunded if the plan matures.

How does ₹25 lakh term insurance work?

A ₹25 lakh term insurance plan allows you to select the policy term, premium payment term, frequency, and optional riders.
The premium is calculated based on selected data, total sum assured (₹25 lakhs), age, and risk factors. You pay the computed premium over the specified premium payment period and frequency that you have chosen. If the life assured dies during the policy's term, the death benefit is paid.

On the contrary, if the life assured survives the chosen policy term and the plan matures, no payout is typically provided under basic term life insurance plans. However, if you have selected the refund of the premium term policy and the policy matures, the premiums you paid during the policy's tenure will be refunded, subject to policy terms & conditions.

Features & Benefits of buying a 25 Lakh term insurance plan

The ₹25 lakh term insurance plan has the following features:

The death benefit is often guaranteed.
There is no maturity payout unless you select a refund of premium option, which is available in many term plans.
Most ₹25 lakh term insurance plans include optional riders. Riders can be added at a price, and some plans provide built-in riders for improved coverage.
Most plans offer cost-effective premiums and flexible payment terms, so it's easy to pay the premium and enjoy the full benefits of the plan.
Some term plans might also offer the whole life coverage option. If you choose this option, the coverage continues till you reach 99 or 100 years of age.

Some of the benefits of purchasing a ₹ 25 lakh term insurance plan include the following:

Protection.
Term insurance plans protect against the possibility of premature death happening during the policy period. This gives you financial stability since, in your absence, the term plan will pay a financial benefit to your family to meet their financial requirements.
Affordable premiums
Term insurance plans feature low and affordable premiums, making them cost-effective.
Rider Selection
Term plans frequently include a number of riders which help to broaden the extent of protection. You can tailor your coverage to your specific needs by selecting an accidental death benefit rider, a critical illness rider, a term rider, among others.
Tax benefits
Section 80C allows a deduction of up to ₹1.5 lakhs from the premium paid for a ₹25 lakh term insurance policy^[1]. Furthermore, the death compensation received is tax-free^[2]. If you select the return of premium plan, the refund of premiums received at maturity will be tax-free under Section 10(10D), under old tax regime subject to certain conditions^[1]

Who should opt for 25 Lakh term insurance?

A ₹25 lakh term insurance plan is suitable for those needing coverage up to ₹25 lakhs. The ₹25 lakh term insurance can be taken by young persons with limited financial commitments. Later on, as their financial demands grow, they might acquire an additional term insurance policy to boost the sum assured.

Individuals in other life phases might also pick the ₹25 lakh term insurance plan if it meets their financial demands.

A ₹25 lakh term insurance plan is suitable if it matches your coverage requirements. So, you should evaluate your coverage needs and then make an informed decision.

How do you choose the right 25 Lakh term plan?

Consider the following aspects when selecting the best term insurance plan for ₹25 lakhs:

Coverage provided

While term plans provide easy coverage, it also includes built-in riders and additional coverage features that broaden the coverage scope. Consider the coverage options available and select a plan that meets your needs and provides comprehensive protection.

Read Less

Premium

Compare the premium rates for ₹25 lakh term insurance policies based on coverage provided. The right term insurance plan will be the one that provides a wide scope of coverage at a competitive premium rate.

Read Less

Ease of buying

Easy-to-buy term plans are preferable because they allow you to purchase coverage fast and get financial protection at the earliest.

Read Less

Claim process

Term plans with a clear and straightforward claim process and a rapid response time are preferable. They give faster claim settlements and can come to your or your family’s aid in the most difficult of times.

Read Less

Claim Settlement Ratio

Evaluate and compare the Claim Settlement Ratio (CSR) of several life insurance companies, and you may consider choosing an insurer with a high CSR for a greater chance of claim settlement.

Read Less

Riders

Always assess the riders that different term insurance plans provide. You can increase your coverage and improve the financial stability of your family by choosing the add-ons that are right for you.

Read Less

How to buy a 25 Lakh term insurance plan online?

To purchase the ₹25 lakh term insurance plan online through Bajaj Allianz, simply follow the steps below: -

Visit https://www.bajajallianzlife.com/term-insurance-plans.html and select your ideal term plan
Use the online term insurance premium calculator to calculate your policy premium based on your name, age, gender, contact information, education, smoking habits, income and occupation. You can then select coverage specifics such as the sum assured, policy term, premium payment duration and the frequency, and number of riders.
The premium will be calculated and displayed based on your selected options and personal information.
Pay the premium digitally and submit the proposal form.
The life insurance provider will underwrite your proposal and grant the policy
Schedule and complete any necessary https://www.bajajallianzlife.com/life-insurance-guide/term/what-medical-tests-are-required-for-term-insurance.htmlmedical check-ups to expedite policy issuance.

Documents required to buy 25 Lakh term insurance

To purchase a ₹25 lakh term insurance plan, some of the documents that you will need include the following:

Proof of identity (e.g. Aadhaar Card, passport, voter's ID card, PAN Card)
Proof of address (e.g. utility bills, property deed, rent agreement).
Proof of age (such as a birth certificate, voter ID card, Aadhaar card, or PAN card).
Income proof, such as audited financial accounts, salary slips, and form 16, tax returns, if required
Medical records (if applicable)
Recent passport-sized coloured photos.
PAN Card or Form 60
Any other documents required by the life insurance company

Premium payment options for a 25 Lakh term insurance plan?

The ₹25 Lakh term insurance premium amount is determined by the various premium payment methods. There are three premium payment options available for ₹25 lakh term insurance plans:

Regular pay

In this case, the insured must pay premiums on a regular basis throughout the policy period. Premiums can be paid annually, half-yearly, every quarter, or monthly.

Read Less

Limited pay

Under this option, premiums are paid for a limited number of years, usually lower than the policy term.

Read Less

Single pay

This type of payment allows the life insured to pay the entire premium in one go during the policy purchase.

Read Less

Conclusion

The future security of your family depends on having an adequate financial safety net in your absence. Term insurance plans provide a cost-effective alternative. The ₹25 Lakh term insurance plan provides a life coverage of ₹25 Lakh. If the policyholder dies while the policy is in effect, the nominee will get a death benefit.

Choose the plan if it matches your financial needs. You can also choose the plan to supplement an existing term insurance cover for comprehensive protection.

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://cleartax.in/s/sip-calculator

https://www.livemint.com/money/personal-finance/mutual-funds-5-different-types-of-sips-in-india-and-their-features-151690255306294.html

https://cleartax.in/s/elss

https://www.livemint.com/money/personal-finance/mutual-fund-sip-what-happens-when-you-miss-a-monthly-contribution-11665935639708.html

https://groww.in/calculators/sip-calculator

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.

How Much Term Insurance Do I Need?

A term insurance policy is a protection-oriented life insurance plan. It covers the risk of premature demise and pays a death benefit if the life-assured passes away. If the life assured is the

Term Insurance Premium – Know All About It

Rising costs of living have made the process of living itself a rather expensive process. These daily costs interspersed with high healthcare costs aren’t necessarily surprising but are a tough pill to swallow, nonetheless.

Benefits of Term Insurance

A term insurance policy is a life insurance plan which is intended to cover the risk of premature death or demise of the life assured, during the policy tenure. The term plan encompasses the essence

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.

Popular Searches

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

Buy Term Insurance

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

99.23% Claim Settlement Ratio^~

Premium Holiday¹

Buy Term Insurance

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

₹ 25 Lakh Term Insurance

What is ₹25 lakh term insurance plan?

How does ₹25 lakh term insurance work?

Features & Benefits of buying a 25 Lakh term insurance plan

Who should opt for 25 Lakh term insurance?

Coverage provided

Premium

Ease of buying

Claim process

Claim Settlement Ratio

Riders

How to buy a 25 Lakh term insurance plan online?

Documents required to buy 25 Lakh term insurance

Regular pay

Limited pay

Single pay

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%^{^}