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A Review on Bajaj Allianz eTouch Online Term Insurance Plan

Review on Bajaj Allianz eTouch online term insurance plan

Bajaj Allianz Life eTouch Online Term Plan offers protection to ensure you & your family’s dreams are never compromised if something unfortunate happens to you. With this pure term plan, gift your family the shield against the uncertain events of life. The Bajaj Allianz eTouch online term plan comes with 4 different variants, namely, Shield, Shield Plus, Shield Super, and Shield Supreme that will enhance the coverage. With various variants available, people are seeking to buy Bajaj Allianz eTouch Online Term Plan. To enable the customers with the right buying decision, we have come up with a Review on Bajaj Allianz eTouch online term insurance plan.

Key Benefits

Bajaj Allianz eTouch Online Term Insurance Plan offers the following key benefits:

Plan Benefits

Let’s go through the key benefits available under Bajaj Allianz eTouch Online Term Plan.

Death Benefit

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted under the policy.

The plan offers four different variants:

Tax Benefit

The premium paid will qualify for tax benefits under section 80C, and the policy benefits will be entitled to tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Eligibility Conditions

FactorMinimumMaximum
Age (as on last birthday)18 years65 years
Age at Maturity28 years75 years
Policy Term10 years40 years
Premium AmountRs 5,000 (annually)Depending on the maximum sum assured
Premium Payment FrequencyYearly, Half Yearly, Quarterly, and Monthly
Premium Payment Term10 years40 years
Sum AssuredRs 50 LakhNo Limit (subject to underwriting)

How does Plan Work?

Let us understand the policy coverage with the example of a policyholder Rajesh Singh.

Life Insured: Rajesh Singh (non-smoker)

Age of life Insured: 30 years

Policy Term: 30 years

Sum Assured: 1 crore

Annual Premium: Rs 8,785

Scenario A

On the death of the life assured, the Sum Assured on Death will be paid and the policy will terminate.

Scenario B

In case of an accident that leads to total permanent disability, all the future premiums under the policy will be waived off, and the policy will continue.

Conclusion

Bajaj Allianz eTouch Online Term Insurance Plan offers financial security and thus family’s future is never compromised, even in case of an unfortunate event during the policy term. You can read the features & benefits for this term plan, and then choose a life cover that suits your family’s financial needs.