Bajaj Allianz Life eTouch

Bajaj Allianz Life eTouch II (116N198V02)

Features

  • Shield for your life to cover Death & Terminal Illness
  • Flexibility to pay premiums throughout the policy term, or for a limited number of years, or till your retirement (Age 60)
  • Get back your Total Premiums Paid as Maturity benefit1
  • Extra payout in case of death due to accident2
  • Choose how your family receives the benefit in your absence, as a lump sum or as monthly income for 5 /10/ 20/ 30 / 40 years or a combination of both.
  • Option to defer premiums by up to 12 months with Auto Cover Continuance Benefit
  • Exit early (after your need for cover is over) and get back your paid premiums as Early Exit Value3
  • Premium Holiday option which helps you skip your premiums for 1, 2 or 3 years during the premium payment term
  • Enhance your protection through our comprehensive riders.
  • Tax benefits as per prevailing tax laws

1Maturity Benefit is available with Life Shield ROP variant

2Accidental Death Benefit is available with Life Shield Plus variant

3Early Exit Value is available with Life Shield & Life Shield Plus variant

Eligibility Criteria

Parameter

Variant

Life Shield & Life Shield Plus

Life Shield ROP

Cover up to Age 99

Cover not up to Age 99

Age at Entry

Minimum: 18 years

 Maximum: 65 years

(For Pay till 60 option, Maximum: 55 years)

Minimum: 18 years

(For Pay till 60 option, Minimum: 25 years) Maximum: 65 years (For Pay till 60 option, Maximum: 55 years)

Age at maturity

99 years (For Life Shield Plus, for ADB: 85 years)

Minimum: 28 years

Minimum: 28 years

Maximum: 85 years

Maximum: 85 years

Minimum Policy term

99 minus Age at Entry (For Life Shield Plus, for ADB: 85 minus Age at Entry)

10 years

10 years

Maximum Policy term

85 minus Age at Entry

50 years

Premium Payment term

Limited Premium

Limited Premium or Equal to Policy term

Limited Premium or Equal to Policy term

In Limited Premium, the Premium Payment Terms available are 5 Pay, 6 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay and Pay till Age 60

In Limited Premium, PPTs are subject to maximum PPT cessation age of 75 years

Minimum Sum Assured

Rs.50,00,000

Maximum Sum Assured

No limit, subject to Board Approved Underwriting Policy

ADB Sum Assured (For Life Shield Plus Variant)

Minimum: Rs.5,00,000

Maximum: Rs.2,00,00,000

ADB Sum Assured selected at inception will be in a proportion of 10%-100% of base sum assured

TI Sum Assured

Minimum: Rs.5,00,000

Maximum: Rs.2,00,00,000

TI Sum Assured will be as per the base sum assured subject to the above limits

Minimum & Maximum Premium

As per the minimum & maximum Sum Assured

As per the minimum & maximum Sum Assured

Yearly, Half yearly, Quarterly and Monthly

Half yearly, Quarterly and Monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions.

The product is available for sale through online mode.
 All the references to age are Age as on last birthday. In Life Shield ROP variant, for Limited Premium, the minimum difference between Policy term & Premium Payment Term shall be five (5) years Premium rate for female life will be with 3-year set-back.

 

Brochures

Life insurance Related Products

Bajaj Allianz Life eTouch Disclaimer

Disclaimer

Disclaimer


All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration. The Policy document is the conclusive evidence of contract and provides in details all the conditions and exclusions related to Bajaj Allianz Life eTouch II. Please ask for the same along with the quotation.

The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227.  The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”