Quote Form

Our representative will call you within few minutes
Term Insurance 747 views February 5, 2021
Bajaj Allianz Life eTouch Online Term can help protect yourself and your loved ones from any unforeseen circumstances. This plan from Bajaj Allianz is a regular premium payment, pure term and health cover plan that comes with different variants for you to choose from.
Want to know more about the Bajaj Allianz Life eTouch Online Term? Well, we will discuss its striking features, policy benefits, premium amount, policy term, premium payment term, etc. Read on to know more!
Table of Contents
Every term insurance plan has a set of striking features that make it popular among the customers. You must be wondering the same about the Bajaj Allianz Life eTouch Online Term? Well, you can check those below.
You can get a minimum sum assured of INR 50,00,000, while the maximum sum assured will depend on the variant you choose. Do remember that sum assured can be only in the multiples of INR 1,00,000. To know more, please check the below table!
Variant Option | Maximum Sum Assured |
---|---|
Life Benefit | No Limit |
Accidental Death Benefit, Accidental Total Permanent Disability | INR 2 crores |
Accelerated Critical Illness | INR 75,00,000 |
In the case of the Bajaj Allianz Life eTouch Online Term, the policy term ranges from 10 to 40 years. When we talk about the premium payment term, it will be equal to the chosen policy term. Suppose you choose a policy term of 15 years, you will need to pay the premium for 15 years.
The minimum premium amount that you need to pay towards Bajaj Allianz Life eTouch Online Term stands at INR 5,000 per annum while the maximum premium amount will depend on the sum assured chosen by you. Also remember that the premium amount for Shield, Shield Plus and Shield Super variants will remain the same throughout the policy term. However, for the Shield Supreme variant, the premium will remain the same for at least 5 years from the policy commencement date.
In the case of the Bajaj Allianz Life eTouch Online Term, the benefit will depend on the variant chosen by you. You can have more information about them in the below table. Do check!
Plan Variant | Benefits Payable |
---|---|
Shield | In case of accidental total permanent disability (ATPD) of the life insured, all future premiums will be waived off On the death of the life insured, the nominee will receive the sum assured on death. |
Shield Plus | In the case of ATPD, an amount equal to the sum assured up to INR 2 crore will be given plus all future premiums will be waived off On the death of the life insured, the nominee will receive the sum assured on death. |
Shield Super | In the case of ATPD, an amount up to INR 2 crore will be paid and all future premiums will get waived off In the case of death of the life insured due to an accident, the sum assured on death plus an amount equal to the sum assured (up to INR 2 crore) will be given On the death of the life insured other than due to accident, the sum assured on death will be given |
Shield Supreme | In the case of Critical Illness Diagnosis, a fixed benefit will be given plus a waiver of all future premiums (if critical illness doesn’t require angioplasty) In the case of ATPD, an amount up to INR 2 crore will be paid plus a waiver of all the future premiums On the death of the life insured, either sum assured on death minus Critical illness benefit or sum assured on death will be paid |
Before choosing Bajaj Allianz Life eTouch Online Term, you should know about its eligibility criteria that are shown below. Have a look!