What Is Bajaj Allianz Life ETouch Online Term?

Bajaj Allianz Life eTouch Online Term

Bajaj Allianz Life eTouch Online Term is a term insurance plan offered by Bajaj Allianz which provides the sum assured as death benefit to the nominee nominated by the policyholder in case of death of the policyholder.

Bajaj Allianz Life eTouch Online Term Plan comes in four variants in which you are provided with multiple covers such as critical illness cover, accidental disability cover etc.

Bajaj Allianz Life eTouch Online Term Plan is available in the following four variants-

a) Shield:

In this you get the following coverage-

• Life Benefit
• Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability)

b) Shield Plus:

In Shield Plus you get the following coverage-

• Life Benefit
• Accidental Total Permanent Disability Benefit
• Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability.)

c) Shield Super:

In Shield Super you get the following coverage-

• Life Benefit
• Accidental Death Benefit
• Accidental Total Permanent Disability Benefit
• Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability.)

d) Shield Supreme:

In Shield Supreme you get the following coverage-

• Life Benefit
• Accelerated Critical Illness Benefit
• Accidental Total Permanent Disability Benefit
• Waiver of Premium Benefit (on occurrence of Accidental Total Permanent Disability or Critical Illness)

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Features And Benefits Of Bajaj Allianz Life ETouch Online Term

Following are the features and benefits of Bajaj Allianz Life eTouch Online Term:

1. Comprehensive Coverage:

This term insurance plan offers comprehensive coverage. In this you get four types. You can get coverage as per your requirement. Through this comprehensive coverage, you can secure your future financial needs so that even in your absence, there is no hindrance in the financial needs of your family members.

2. Death Benefit:

In this term insurance policy, death benefit is provided to the nominee by the insured in case of death of the insured during the policy term. In this, you are provided with minimum sum assured up to Rs. 50 lakh. In this, you can choose to receive the death benefit either in one go or in the form of monthly installments.

3. Maturity Benefit:

This is a term plan. Therefore, you do not get any kind of maturity benefit in this .

4. Policy Terms:

The minimum policy term in this plan is 10 years and the maximum policy term is 40 years. You can choose any policy term between these 10 years to 40 years for your term insurance coverage.

5. Premium Payment Terms and Frequency:

The premium payment term for this term insurance varies from 10 to 40 years. You have to pay premiums for the period for which you opt for your term plan.

In this, you get the option to pay the premium as yearly, half-yearly, quarterly and monthly as premium payment frequency.

6. Free Look Period:

In this term insurance plan, you get a free look period of 30 days. If you are not satisfied with this policy, you can opt out of this policy within 30 days.

7. Grace Period:

If you do not pay the premium for the term plan on time, you are provided a grace period of 30 days by the insurance company. If you pay your premium during this period then you can continue with your term plan otherwise your term insurance policy will lapse.

8. Tax Benefits:

This term insurance plan also offers you tax benefits under the Indian tax laws. In this, you get tax benefits on the premiums paid under section 80C of the Income Tax Act, 1961. While the death benefit received is tax exempt under section 10 (10D) of the Income Tax Act, 1961.

Bajaj Allianz Life ETouch Online Term Eligibility 

Eligibility for Bajaj Allianz Life eTouch Online Term Eligibility is as follows-

 Documents Required For Bajaj Allianz Life ETouch Online Term

The documents required for Bajaj Allianz Life eTouch Online Term are as follows-

• ID proof
• age proof
• Address proof
• latest picture

Bajaj Allianz Life ETouch Online Term Premium

Bajaj Allianz Life eTouch Online Term Plan offers you multiple premium payment options. You can choose to pay the premium for your term plan annually, half-yearly, quarterly, or monthly. 

• Yearly
• Half-yearly
• Quarterly
• Monthly

How To Buy Bajaj Allianz Life ETouch Term Online

You can easily buy Bajaj Allianz Life eTouch online term insurance plan by visiting the official website of Bajaj Allianz. You can avail this term insurance plan by visiting the official website of Bajaj Allianz and providing the required details.