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Bajaj Allianz Term Care

Will be updated soon.
Eligibility
Entry Age (years) 
Minimum18
Maximum50
Maximum Maturity Age (years)65
Policy Term (years) 
Minimum5
Maximum40
Sum Assured (Rs) 
Minimum100000
Maximum1000000
Minimum Premium (Rs) 
Yearly1500
Half-Yearly1500
Single6000
Premium Payment FrequencySingle, Yearly, Half-Yearly
Premium Payment TermDepends on the Package opted by the insured member:
Economy: Regular and Single Premium Payment
Protect: Regular Premium Payment
Health: Regular Premium Payment
Total: Regular Premium Payment
Policy CoverCover remains same throughout the policy term
Other Features 
Free Look CancellationIn case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace PeriodYou are allowed to pay premiums within 30 days from the due date for Yearly, Half yearly and quarterly premium payment modes and 15 days in case of monthly premium payment mode.. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy ReinstatementYou can reinstate your lapsed policy within specific years (as mentioned in policy document) from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax BenefitsSection 80C, 10(10D) of the Income Tax Act, 1961 would apply. Critical illness Bnenefit and Hospital Cash Benefit will be eligible for tax exemption under section 80D od Income Tax Act.
ExclusionsIn case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Maturity ValueReturn of basic premium paid less rider premiumr or any extra premiums paid.
Surrender ValueAllowed if initial three years premiums were paid on time.
Customer Service 
AddressBajaj Allianz Life Insurance Company Limited,
G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.
Mail To[email protected]
Call OnBSNL/ MTNL: 1800 22 5858; Others: 1800 209 5858
SMSLIFE to 56070
Available Rider(s)Accidental Death Benefit: It covers death due to accident. It pays a benefit of double the basic Sum Assured subject to the maximum limit of Rs 10 lakh.
Accidental Permanent Total/ Partial Disability Benefit: it covers Accidental Permanent Partial Disability for which it pays 50% of Sum Assured subject to a maximum of Rs 5 lakh under all policies with Bajaj Allianz taken together. It also covers Accidental Permanent Total Disability for which it pays 100% of Sum Assured subject to a maximum of Rs 10 lakh under all policies with Bajaj Allianz taken together.
Waiver of Premium: It waives off all future premium in case the insured person becomes totally disable due to an accident.
Critical Illness Benefit: It covers 11 critical illnesses namely: First Heart Attack, Coronary Artery Disease requiring surgery, Stroke, Cancer, Kidney Failure, Major organ transplantation, Multiple Sclerosis, Aorta Graft Surgery, Primary Pulmonary Arterial Hypertension, Alzheimer's Disease and Paralysis. There is a waiting period of 6 months from inception of the policy to claim the critical illness benefit.
Hospital Cash Benefit: hospital bills (room charges) after a waiting period of 60 days from the date of buying the policy or reinstatement.
Rider Conditions 
Sum Assured (Rs) 
MinimumCritical illness Benenfit and Hospital Cash bnenefit: 50000
MaximumAccidental death benefit: 10 lakh; Hospital Cash Benefit: 2.5 lakh
Rider Premium (Rs)Rider premiums vary for each policyholder depending on policyholder's age, health condition, lifestyle, Sum Assured and Policy Term.
Annual Premium Option under Economy Package
Policy Term (in years)Age (in years)
253035404550
5211202176025130316704287061490
10127801399016970223203130044050
1597701132014440198502783039150
20859010550141701971027810NA
258550111201522021360NANA
3092101236017240NANANA
351045014420NANANANA
4012420NANANANANA
Figures indicate premiums on a Rs 10 lakh policy across different age over different policy tenures exclusive of service tax.
Single Premium option under Economy Package
Policy Term (in years)Age (in years)
253035404550
558560604307020089070121570175490
10616606772082600109320154460218040
15661907701098720136470192160271080
207364090790122520171000242160NA
2586300112930155440219620NANA
30105900142920200690NANANA
35133250185020NANANANA
40172340NANANANANA
Figures indicate premiums on a Rs 10 lakh policy across different age over different policy tenures exclusive of service tax.
Annual Premium Option under Health Package
Policy Term (in years)Age (in years)
253035404550
5343482540329693381235275076598
10153231715021583295434285061998
15126181520820198289234201360420
201195515268213683081344510NA
2512540169732404834485NANA
30141281953827693NANANA
351639022820NANANANA
4019378NANANANANA
Figures indicate premiums on a Rs 10 lakh policy across different age over different policy tenures exclusive of service tax.
Annual Premium Option under Total Package
Policy Term (in years)Age (in years)
253035404550
5257982685431147395845422278089
10166771850722946309184424463420
15139781657421575303194343761885
201332316645227633223645973NA
2513919183682546935944NANA
30155242095829148NANANA
351780924272NANANANA
4020838NANANANANA
Figures indicate premiums on a Rs 10 lakh policy across different age over different policy tenures exclusive of service tax.