Claim Settlement Ratio of 99.23%~

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Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c

A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

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Term Plan exclusively designed for Type 2 diabetics (with HbA1c level <= 8) and pre-diabetics.

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Provides comprehensive financial security to your family.

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Flexibility to choose from multiple premiums payment frequencies

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Tax benefits~ available 

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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

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  • Policy Benefits

Term insurance plan provides protection to the family against the loss of income due to the demise of the Life Assured. A segment of the population finds it very difficult to get a life cover due to their health condition like diabetes, etc. Due to this, most of the diabetics find it difficult to fulfil their responsibility of financially protecting their families in case they were not around.

Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c is a protection plan that offers term insurance cover to Type 2 diabetics and pre-diabetics by factoring in the nuances of their health conditions. The product empowers diabetics to ensure their families have the necessary financial resources to continue with their lives, in the absence of the Life Assured.

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Provides comprehensive financial security to your family

Health Management Services will also be provided through webinars, medical consultations, etc. to support our customers to manage their diabetes and general health.

Term Plan exclusively designed for Type 2 diabetics (with HbA1c level <= 8%) and pre-diabetics.

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Choose your Sum Assured

Decide on the level of protection by choosing the sum assured you need to safeguard your family’s future.

Choose your Policy Term (Policy Term and Premium Payment Term are equal under this product)

Select the period for which you want to get life insurance protection. You need to pay premiums throughout the policy term to continue your life cover.

Choose your Premium Payment Frequency

Depending on your convenience you can choose to pay your premiums either monthly or annually.

Your premium will be based on your current age, gender, sum assured, smoker status, health status, policy term, frequency, etc.

Answer The Health Questionnaire As Per Your Health Status.

Your premium will be based on your current age, gender, sum assured, HbA1c level, smoker status, health status, policy term, premium payment frequency, etc.

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Entry Age

Minimum Age at Entry 

 30 years

 

Maximum Age at Entry

60 years

Maturity Age

Minimum age at maturity

35 years

 

Maximum age at maturity

75 years

Policy Term (PT)

Minimum

5 years

 

Maximum

25 years

Premium Payment Term

 

Regular Premium (Premium Payment Term is equal to Policy Term)

Minimum Sum Assured

 

Rs. 25,00,000

 

Note - The sum assured that can be chosen will be in multiples of Rs. 1,00,000

Maximum Sum Assured

 

No Limit, subject to prevailing Board Approved Underwriting Policy

 

Note - The sum assured that can be chosen will be in multiples of Rs. 1,00,000

Minimum & Maximum Premium

 

As per the minimum & maximum Sum Assured

Premium Payment Frequency

 

Yearly, Half-yearly, Quarterly and Monthly

 

(Half-yearly, Quarterly and Monthly premium frequency is only allowed under auto-debit process as allowed by RBI to financial institutions.)

Note- All the references to age are Age as on last birthday;
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Brochure

Download

Policy Document

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Customer Information Sheet

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Death Benefit (Benefit payable on death of the Life Assured during the Policy Term)

On death of the life assured during the Policy Term, provided the policy is in-force, your nominee/legal heir will receive the Sum Assured on Death (as chosen by you at inception). The policy will terminate on death of the life assured.

Sum Assured on Death is defined as higher of

    a) 10 times Annualised Premium

    b) 105% of total premiums paid till date of death

    c) Sum Assured

Note:

Annualised Premium shall be the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

Total Premiums paid means total of all premiums paid, excluding any extra premium and taxes, if collected explicitly.

Please note that GST and cess, if any, will be collected over and above the premium under the policy.

Maturity Benefit

Since this is a pure term insurance product, no benefit shall be payable on survival till maturity. The policy will terminate on the maturity date.

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,21,338 Cr
Assets Under Management (AUM)**
4.09 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.

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

Please refer to BALIC Privacy Policy

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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
5
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
5
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
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5

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~~All figures as on 30 September 2024

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Disclaimer

*Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c, A Non-Linked, Non-Participating, Individual Pure Risk Premium Life Insurance Plan. (UIN: 116N183V01) The product provides life insurance cover to Type 2 diabetics (with HbA1c level <= 8%) and pre-diabetics.

15% Discount for salaried customers, applicable only on first year’s premium. 5% Discount on online purchase is available on first year’s premium.

Product of the Year - Source - https://www.businesswireindia.com/product-of-the-year-announces-2024-winners-consumers-recognize-innovation-90443.html
 

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

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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

~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

© Copyright 2024. Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved.
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.
IRDAI Public Notice on Spurious calls
Fraud Prevention Tips
Fraud Awareness Booklet
Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department
Contact Us

Sales: 1800-209-4040 (Toll Free) | Service: 1800-209-7272 (Toll free)

Email: customercare@bajajallianz.co.in

Registered Office Address

Bajaj Allianz House, Airport Road, Yerwada,

Pune - 411006

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© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

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

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