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Bajaj Allianz Protector

Eligibility  
Entry Age (years)  
Minimum 20
Maximum 55
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum Single Premium: 2; Regular Premium: 5
Maximum 30
Sum Assured (Rs)  
Minimum 200000
Maximum No limit
Minimum Premium (Rs)  
Yearly 1000
Half-Yearly 700
Quarterly 450
Monthly 175
Single 2500
Premium Payment Frequency Single, Yearly, Half-Yearly, Quarterly, Monthly(through ECS)
Premium Payment Term Single, Limited (2/3rd of loan term)
Premium Factor (multiply with annual premium) 0.51 for Semi Annual mode, 0.26 for quarterly mode and 0.09 for monthly mode
Policy Cover Cover remains same throughout the policy term.
Other Features  
Free Look Cancellation In 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 Period You 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 Reinstatement You can reinstate your lapsed policy any time (within 5 years from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.
Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Customer Service  
Address Bajaj Allianz Life Insurance Company Limited,
G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.
Mail To [email protected]
Call On BSNL/ MTNL: 1800 22 5858; Others: 1800 209 5858
SMS LIFE to 56070