Welcome toBajaj Allianz Life Insurance

Bajaj Allianz Life Insurance - Providing Specific Policies For Your Specific NeedsBajaj Allianz life insurance is a collaboration of two companies namely Bajaj auto which is an Indian company with Allianz AG which has headquarter in Germany. Its main aim is to provide protection and security to the wide population in the country while carrying its name ahead in the limited partnership. The company was awarded the best utilisation of information technology award in the year 2011 and SKOCH financial inclusion award in the year 2012. In the year the company was given the recognition of top company in insurance in private sector at the IPE BFSI (banking financial services and insurance). Further, the new business premium of the company is 3462 crores while market share is 2.8% of the total 31.3% of the private sector companies.

Bajaj Life Insurance: Policies for the PeopleBajaj life insurance offers numerous policies each having different yet overall benefits for the individuals according to their needs. Bajaj Allianz invest assure plan offers compete security of the future for the individual as well as for his family. For applying for this family the minimum age requirement has been kept at 18 years while maximum is 50 years. While the minimum sum assured is 1, 00,000 Rs there is no limit to maximum amount which can be assured. The premium frequency payment has been kept flexible at yearly, half yearly, quarterly and monthly. The benefits associated with the insurance are at maturity on which if all premiums have been paid at time then sum assured plus bonus and terminal bonus are paid. Death benefit in case of uncertain death before the age of 45 the bonus on the amount is increased by 10 times and paid. While after 45 the sum and bonus which is 7 times annualised premium is given. Further, one has the option of opting for a loan on the insurance, provided that the policy has a surrender value which should be 90% or more than the surrender value of the policy.

Allianz Life Insurance: Save Assure Policy and Benefits

Allianz life insurance apart from taking care of future investment options for the individual and his family provides for traditional insurance policies which offer death and accident benefits. The save assure policy offered offers a sum assure of 115% on the assured amount. Further one has the option of going for two policy terms which are 15 years and 17 years. The minimum entry age for this policy has been kept at 1 year while the maximum is 60 years. Apart from the regular interest rate which one can claim maturity, surrender and death benefit are also available on this policy. Tax exemptions benefits are also available on this policy under section 80 of the Indian tax law.

Bajaj Allianz Life Insurance Policy

The term i-secure plan offered under Bajaj Allianz life insurance policy is a level term cover up policy which provides maximum health and family safety of the assured. The high sum assured to the individual is available at a low cash payment which makes this policy highly beneficial. Further, tax exemption under 80c and 10(10D) are provided. Nominee can take death benefits while on maintaining a healthy lifestyle such as medically fit non-smokers are given extra rewards on the policy. In case the individual is single at the moment of applying he/she can add his spouse later in the policy.

Bajaj Allianz Life Insurance: Bajaj Allianz general received registration in the year 2001 on 2nd May to carry out various insurance functions such as health and life insurance. Bajaj insurance is a joint effort of two companies namely Bajaj finserv limited and Allianz SE. The company presently has an authorized and paid up capital of Rs 110 crores out of which Bajaj finserv holds 74% while remaining 26% is of Allianz SE. In the last two years the company is the only among the private run companies to have cross 100 crore marker and make a total profit of Rs 421 crores. The company works on the principal of understanding the need of each individual and providing solution accordingly. In the year 2007, the firm was awarded with business leader in general insurance. Bajaj Allianz life insurance offers all kind of insurance policies for all age groups.

Bajaj Life Insurance: Guaranteed Saving PolicyBajaj life insurance provides for a traditional endowment plan which offers maximum saving option. The policy offers 115% profit on the sum assured to the insurer or his family. The policy is a limited period, premium payment and individual policy with non-participating and non-linking planning feature. Individual interested in this policy have the option of going for either 15 years or 17 year term policy. The premium payment term has been kept at 10 and 12 years. To start with the policy one would be required to select a sum to be assured and regular premiums would have to be deposited. Further, policy plan would be selected and on maturation of the policy or in case of death 115% of sum assured would be given to the beneficiary. The minimum entry age has been kept at one year while maximum is 60 years. The minimum and maximum age of maturity is 18 and 75 years respectively. One is entitled to receive maturity, death and surrender policy benefits which have been mentioned clearly under the policy. Apart from this one can apply for loans on the policy provided that the value of the policy is valid and 90% or above amount can be surrendered.

Allianz Life Insurance

Allianz life insurance policy offers several other policies as well such as guaranteed saving, investment and term insurance policy which have proved to be highly beneficial to the clients. The future gain policy offered by the firm is a unit-linked endowment plan which offers maximum benefits on limited investment. After applying the applicable premium rate and regular premium payments paid, the funds are invested according to the selected portfolio. It is to be noted that the units allocated on the policy are charged at the prevailing unit price of the policy. The minimum age of entry is one year while maximum age at maturity is seventy years. The time period for maturation have been kept under three slots 10 years, 20 years and 30 years, moreover one can benefit through maturity benefit, surrender benefit, loan application benefit and death benefit. The health insurance policies are available for individual and family, plus some extra policies are also available which take care of the surgical needs of an individual and his family members.

Bajaj Allianz Life Insurance

Apart from regular available benefits under the Bajaj Allianz life insurance the firm also provides with various health cells, network hospitals, senior citizen benefits and health risk management services to its clients. Other than this, tax exemptions on purchasing any of the policy are too provided to the clients.

Bajaj Life Insurance Serving As A Lead Insurer Bajaj Allianz Life Insurance is a combined project between Allianz of Germany and Bajaj Finserv Limited (a spin off from Bajaj Auto Limited) of India. The company was formed in 2001 as a consequence of liberalization and allowing of foreign players in the Indian insurance sector. Bajaj life insurance business has since then increased its footprint and market value through concerted efforts marked by efficient service delivery and transparent relations with its ever increasing base of customers. While the company is headquartered in Pune, it has its operational footprint the world over! This business venture has emerged as one of the most successful insurance companies in India. The insurance expertize of Allianz of Germany has found perfect resonance with Indian Bajaj which command an in depth knowledge of the finer requirements of the Indian social classes! Bajaj Allianz Life Insurance – a brand of trust! Bajaj Allianz Life Insurance has earned a place of prestige and trust among the customer base of India and this is manifested well in its business expansion in the last decade! The insurance giant holds a total asset value of rupees 38,779.8 crores as of march 31st 2014 and is still rising! The company operates through its resurgent and committed manpower spread across 759 offices along with its Pune HQ. Bajaj Allianz Life Insurance has adopted a transparent claims settlement policy towards its clients and has a track record of honoring the claims in a swift and timely manner which is reflected in its high claims settlement ratio of 97.45%. This has brought in popular trust and satisfaction for the company’s products!

Bajaj Allianz Life Insurance serving a diversity of needful clients – Bajaj Allianz Life Insurance has laid out a diverse array of insurance products for all types of customers. Its term insurance plans provide for max flexibility in terms of policy term and sum assured. Also the premium payment is facilitated through various options thus helping bring in more customers for the product. Its ‘iSecure Term Plan’ has been perfectly designed to deliver high life cover at affordable rates. It allows for the policy terms ranging from 10-30 years, alteration of the premium payment frequencies and an option to include spouse at a later date after the starting of policy so purchased. Saving needs of the family are well attempted by plans like ‘Bajaj Allianz Save Assure’ which guarantees 115% of the sum assured at maturity/death and a choice of policy terms of 15 and 17 years. Bajaj Allianz Life Insurance Policy as an investment instrument – Bajaj Allianz Life Insurance policy developed the much demanded spin offs as for satisfying the investment aspirations of the general people. In the recent years, with the stock markets booming, Indians felt inclined to leverage the stocks dynamism and insurance products emerged as one of the safest options to do so! The ULIP or the unit linked insurance policies like ‘Bajaj Allianz Future Gain’ links efficiently your funds with the markets boom in a prudent manner! Bajaj Allianz Life Insurance has thus emerged as a dominant insurer in the Indian market through its satisfactory deliveries and remarkable fiscal expertize!

Bajaj Allianz Life Insurance – Building Trust and Serving Satisfaction Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv limited (formed from Bajaj Auto Limited) and Allianz SE of Germany. The company was founded in 2001 and is serving the life insurance needs of Indian people as a market leader. The company has built a strong footprint and significant market value for itself in the last decade on account of efficient delivery of insurance services to diverse social groups in the country. While life insurance expertize of Allianz of Germany has been the guiding force behind the company, the domestic experience of Bajaj has been positively leveraged to build efficient insurance products of appeal! The company is headquartered at Pune and has 759 offices which are manned by specialized and responsive workforce. Bajaj Allianz Life Insurance has life insurance for all – The flexible term insurance plans: Bajaj Allianz Life Insurance has developed an extensive range of products to suit the socio-economic requirements of the Indian people. The company has developed resonant term insurance products with inherent flexibilities with respect to sum assured and the policy terms. Its iSecure Term Insurance Plan has been designed appropriately with to provide extensive life cover at affordable rates of premium. The plan is offered for policy terms of 10 to 30 years and option of availing benefits as annual installments. Premium payment frequencies can be adjusted according to one’s requirements. This plan also offers income tax exemption under section 80c and 10D due to which it can be actively utilized as an instrument of tax planning.

For the elderly and women: Besides, retirement orientation products are also offered for availing secure prospective financial benefits. The Lifelong Assure Plan has been designed to generate regular income at later stages of life and provides life cover up to 100 years of age! With guaranteed cash back from the end of premium payment terms, a regular cash flow is maintained. It also offers special rebates for the female beneficiaries. Bajaj Life Insurance offers ample investment opportunities Bajaj Life Insurance has developed a range of market linked products so as to respond to the evolving investment aspirations of the people. In the last decade, with the Indian economy booming at a fast pace, common Indian people aspired to leverage the dynamism and tried for some safe options. The ULIPs or the unit linked insurance policies provided the perfect alternative to get aligned with the lucrative saga unfolding. The ULIPs phenomenon has been particularly successful in India therefore! Baja Allianz Future Gain is a unit linked endowment plan that offers a dual investment portfolio strategy with a choice of 7 funds! Alongwith, the flexibility of partial withdrawal from the parked funds and decreasing the sum assured is also possible.

Bajaj Allianz Life Insurance Policy for diverse group insurance needs: Bajaj Allianz Life Insurance Policy of differing nature is designed to provide group insurance to the organizational employees and other economic groups. Policies like Group Employee Benefit Plan, Group Employee Care Plan and Group Credit Protection Plus have been responsively developed to suit and fulfill the statutory employee benefit and care requirements by the employers.

Bajaj Allianz Life Insurance Policy: Review

Bajaj Allianz life insurance policy has been started under the merger of two companies which are Bajaj auto and Allianz AG which is a German company. After achieving insurance regulatory and development authority registration on 2nd May 2001, the company has worked tremendously to provide individuals and groups all forms of security for future needs. The company understands the fact that future mishaps are not which can be predicated beforehand and therefore, it is always wise to plan ahead. Planning ahead not only would provide relaxed and stress free present life but would also care for the future of all loved ones. The company has worked on the vision to be the first choice of its customers, so as to provide services which are according to their needs and to be a understanding firm for employment choice of young and talented youths. The company has earned worldwide recognition and is considered a trusted, safe and guaranteed name for life insurance in the private sector. The firm was awarded ‘business leader in general insurance’ award in 2008 by NDTV profit business leadership. Further, the laurels and achievement of the company have been increasing year by year which has made it a brand name for insurance in the private sector.

Bajaj Allianz Life Insurance: Benefits for AllBajaj Allianz life insurance has a number of products and policies which fit flexibly in the needs of an individual. The firm offers money back plans, endowment plans, single premium plans, children plan, retirement and investment plans, and pension plans which serve the various needs of different age group. However, before sailing the ship with any of the brand name it is wise to jot down what needs you have and what a particular policy has to offer you. Further, it is necessary to take the guidance of expert staff members of the firm which can plan and customise your policy for future needs. For instance if you are a single individual then opting for a investment solution guaranteed policy is most likely to suit you and later you can add your spouse by customizing the policy. Further, opting for retirement policies offer a carefree lifestyle without thinking of relying on anyone. Apart from this, it is also wise to see if the policy includes provision of taking loans against the policy which can be required anytime in the future.

Bajaj Life Insurance: Policies and AdvantageBajaj life insurance policies have been divided into four broad categories. Save assure traditional endowment policy offers 115% return on the assured value to family members and individuals. Further, one has the option of selecting the policy term which are 15 and 17 years. There is no such maximum limit set up for assuring while the minimum has been kept at one lac. The policy also offers death, surrender and maturation benefit to the individual or his nominee in case of death. The amount received in case of death of the assurer is increased 10 times if the age of the deceased is 45 while 7% increase if the age is above 45 provided that the total premium has been paid regularly. Apart from this investment solution policy is a non-linked endowment plan, term insurance insecure policy covers the whole family and its needs; and future gain is a unit-linked endowment policy each offering various attractive key features?

Allianz Life Insurance: Health Management and Security

Allianz life insurance also offers health plans as it understands that various health contingencies can occur in anyone’s life due to the high pressurising modern lifestyle. Numerous policies are provided which take care of the medical needs of an individual, family and various surgical and hospital needs. The firm has numerous links with hospitals and health care services which make it possible for insurers to take benefits in a least spending amount. At the end, it cannot be doubted that insurance policies are both important and necessary for all.

For more details visit our Website:

http://www.bajajallianzlifeinsurance.co.in/

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