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Bajaj Allianz ETouch Shield Online Term Plan

What is the Plan all About?

You work hard to ensure the happiness of your family always. But how you would ensure the future of your family, in the event of any unforeseen contingencies. Bajaj Allianz Life presents eTouch Term Insurance plan which is a non linked, without profit insurance plan that provides financial protection for your family at an affordable cost. The term plan which takes care of expenses like child’s education, child’s marriage expenses, loan repayment, regular household expenses in your absence.This plan offers peace of mind at a click and can be bought online in an easy and convenient way.

What are the Key Features?

  • Comprehensive & cost effective online term plan
  • Offers wider coverage till 75 years
  • Inbuilt Waiver of premium benefit on ATPD
  • Flexibility to choose among the claim payout options
  • Lower premium rates for Females & Non smokers
  • Hassle free online buying
  • Offers Tax Benefits under IT Act

What are the Plan Benefits?

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 and payout option opted.

    The plan offers 4 Variants which are:

    Shield: Life Benefit WITH Waiver of Premium Benefit (on occurrence of ATPD- Accidental total and permanent disability)

    Shield Plus: Life Benefit WITH Waiver of Premium Benefit (on occurrence of ATPD) PLUS ATPD Benefit

    Shield Super: Life Benefit WITH Waiver of Premium Benefit (on occurrence of ATPD) PLUS Accidental Death Benefit (ADB) PLUS ATPD Benefit

    Shield Supreme:  Life Benefit WITH Waiver of Premium Benefit (on occurrence of ATPD OR CI) PLUS Accelerated CI Benefit PLUS ATPD

    The plan offers 3 Payout options which are:

    100% of the death benefit in a lump-sum

    50% of the benefit in a lump-sum and the remaining in Level OR Increasing monthly instalments

    100% of the benefits in Level OR Increasing monthly instalments

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Age at Maturity 28 Years 75 Years
Policy Term 10 Years 40 Years
Premium Payment Term Equal To Policy Term Chosen -
Annual Premium Rs 5,000 As Per The Maximum Sum Assured
Premium Paying Mode Monthly, Quarterly, Semi Annually & Annually -
Sum Assured Rs 50,00,000 No Limit

Is any Rider Available with this Plan?

No rider is available with this plan. However, additional protection can be opted, as per the plan variant chosen.

How does the Plan Work?

Let us understand the plan with the example of Rakesh


Life Insured: Rakesh

Age of life Insured: 30 years

Policy Term: 20 years

Sum Assured: 1 crore

Annual Premium: Rs 5,813

Scenario A

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

Scenario B

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


Is the Plan, eligible for Tax Benefit?

Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.