Bajaj Allianz Life Insurance Company
Bajaj Allianz Life Insurance Company is a joint venture between Bajaj Finserv Limited and Allianz SE, one of the world’s leading insurers and asset managers. They began operations in Aug 2001 in Pune.
With a goal of offering ultimate protection to their customers, they offer a range of value-added and innovative products that are simple to understand. Their plans range from simple term insurance policies to wealth creation and retirement solutions.
They have made their policies widely available by building an extensive distribution network. At present, they have over 509 branches, 14000 employees and 1, 13,500 agents along with several partnerships with banks and various other institutions and corporate agents.
They have served over 2.87 Crore individuals and have over Rs. 88774 crores under AUM with a AAA rating. Their astonishing 99.02% claim settlement ratio indicates that they are trustworthy when it comes to claim settlement. They have disrupted the insurance industry in a big way with their innovative range of solutions and services ( SmartAssist, QR-enabled branch services) and several other milestones.
Bajaj Allianz aspires to become the first choice of the customers when it comes to choosing the life insurance
They strive to understand the needs of the customer and transform them into affordable products which deliver complete value for money.
- iAAA rating from ICRA limited for seven consecutive years
- Highest Growth Award’ in the Life Insurance category by ASSOCHAM
- Top Riser Brand in the Kantar BrandZ India 2022 Report
- Best Risk Management Initiative – Life Insurance” at the InsureNext Awards & Summit 2022
- Achromic Point Anti – Fraud Award at Anti – Fraud Conclave & Awards 2022
- Best Digital Customer Experience Initiative [Insurance] at ET BFSI.com Excellence Awards 2021
Life Insurance Plans at Bajaj Allianz
Bajaj Allianz Term Insurance Plans
A Term Insurance Plan offers financial compensation to your family in the event you are not around. Just like how term insurance plans are essential, it is important to select the most appropriate plan. At Bajaj Allianz, you can find a range of term insurance plan options which comes along with comprehensive benefits. Term Insurance Plans are,
Bajaj Allianz ULIP plans
ULIP is a kind of insurance plan where a part of the premium goes into the life cover, and a part goes into select market linked plan funds. ULIPs come in with a lock-in period of 5 years thereby inculcating a penchant towards savings.
Bajaj Allianz tax savings investment plans provide you returns over the long term that can help you to meet your lifetime goals. It is the type of a plan where a part of investment goes into a premium and other part into wealth creation. While an Insurance plan can provide your family financial compensation, in the event something happens to you. The Investment goes into government bonds, fixed deposits etc, which will grow your investment. Some of the Savings plans are available.
Everyone wants to be financially independent after their retirement. Since, there is no steady supply of monthly salary, you ought to make some arrangements so that your standard of living does not take a hit post retirement. For that, building a retirement corpus is a must. Bajaj Allianz offers a range of exciting retirement plans that will help you realise your retirement dream.
Child Insurance Plans
Providing the child a bright future is an important aspect of parenting. Child Plan is an apt tool which combines protection and wealth creation. A Child plan provides payouts at various milestones of your child’s life and ensures you never run short of cash during crucial stages of your child’s life.
Bajaj Allianz has a bouquet of plans to ensure that your child has a good corpus and have it disbursed in a planned manner. Bajaj Allianz Life currently has Young Assure and lifelong assurance for children as they move ahead in the life’s journey.