Bajaj Allianz Life

Bajaj Life eTouch II

Bajaj Allianz Life · Life Shield Plus

AI Plan Summary*

Instant synthesis of official IRDAI public disclosures & underwriting wordings.

Worth ₹31,000/Year

Free Health Benefits

Includes free annual health check-up packages, unlimited tele-consultations, and pharmacy discounts.

Skip 1 to 3 Years

Premium Holiday

Take a break from paying premiums for 1, 2, or 3 years without losing your life cover.

Up to 2X Premium Refund

Early Exit Value

Surrender your policy early and receive up to 2X of all premiums paid back.

Coverage & Payout Options

Death benefit options, terminal illness accelerator, and entry terms.

Death Benefit Payout Options

Lump Sum, 10-Yr Regular Monthly Income, or Increasing Monthly Income (10% hike/yr)

100% Terminal Illness Accelerator

100% Sum Assured paid immediately upon medical certification of life expectancy < 6 months at zero extra premium

Life-Stage Cover Enhancer

Option to add +50% cover on marriage and +25% on birth of children without fresh medical underwriting

Tax Savings (Section 80C & 10(10D))

Tax deduction up to ₹1.5 Lakh/yr under Section 80C + 100% Tax-Free death benefit for nominee under Section 10(10D)

Riders & Add-on Benefits

Critical illness protection, accidental covers, and premium waivers.

Riders available upon consultation with advisor.

Claim Settlement Track Record

Official IRDAI public disclosures (NL-37) on claim settlement metrics.

Claim Settlement Ratio (CSR)
99.23%

Percentage of individual death claims honored (IRDAI Annual Report).

Total Claims Settled Amount
₹890.6 Cr Settled

14,520 Claims.

Claim Settlement SLA
1-Day Express Settlement SLA

Express claim payout within 1 business day for eligible policies.

Solvency Ratio
5.16

Well above the mandatory IRDAI minimum threshold of 1.50.

Exclusions

Standard non-payable clauses per IRDAI term regulations.

Summary

Licensed IMF Advisory
Select Desired Sum Assured (Life Cover)
Cover Till Age
Chosen Life Cover₹75 Lakh (Till 65 Yrs)
LetsBima Quality Score
9.9 / 10
Claim Settlement Ratio99.23% CSR
Total Claims Settled₹890.6 Cr Settled
1-Day Claim Settlement SLA for Family
100% Terminal Illness Payout Built-in
Dedicated LetsBima Claim Assistance
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