• Bajaj Allianz Life Jan Suraksha Yojana Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Bajaj Allianz Life Jan Suraksha Yojana plan is a Micro Group Term Insurance Plan offered by Bajaj Allianz Life Insurance. This group scheme provides life insurance cover to all the members in the group. This non-linked regular or single group micro term assurance plan is one of the most sought-after group insurance plan offered by Bajaj Allianz Life Insurance. There is one master policy holder is the scheme and the others are called the members of the scheme. Bajaj Allianz Life Insurance is one of the top non-banking firms offering several group insurance plans in India.

    Type of the plan Non-participating regular or single premium group micro term insurance plan.

    Eligibility Conditions for the Bajaj Allianz Life Jan Suraksha Yojana Plan:

    Minimum Entry Age 18 years
    Maximum Entry Age 65 years
    Minimum maturity age 23 years
    Maximum Maturity Age 70 years

    Policy Terms for the Bajaj Allianz Life Jan Suraksha Yojana Plan

    Policy terms allowed for members Upto 5 years
    Premium payment term Single or Equal policy term
    Minimum sum insured Rs.10,000 per member
    Maximum sum insured Rs.2,00,000 per member
    Minimum premium As per the sum assured.
    Maximum premium
    • For regular premium- Rs.750 per annum, per member.
    • For single premium- Rs.3.000 per annum, per member.
    Premium payment frequency Annually, monthly and fortnightly.
    Minimum group size 5 members
    Revival period Policy can be covered within 2 years from the date of the first unpaid premium.
    Grace period
    • 15 days for monthly and fortnightly payment frequency.
    • 30 days for annual premium payment frequency.
    Policy loan option Not available

    What you should know about Bajaj Allianz Life Jan Suraksha Yojana Plan:

    • This is a Non-participating regular or single premium group micro term insurance plan.
    • It has both Regular and Singular Premium plan.
    • You do not have the option to avail a loan under this Bajaj Allianz Life Jan Suraksha Yojana policy .

    Advantages and Benefits of Bajaj Allianz Life Jan Suraksha Yojana Plan

    Death benefit:

    On death of a member, the sum assured in case of death will be paid to that member provided the life insurance cover on the member is active.

    Policy surrender:

    A policyholder can surrender his/her policy anytime. Once a member surrenders the policy, no new member can be enrolled in the policy.

    Tax benefits:

    Premium paid towards Bajaj Allianz Life Jan Suraksha Yojana plan is exempted from taxes as per the applicable tax laws.

    Free look period:

    A policyholder or a member gets 15 days from the date the policy is issued to review the terms and conditions of the policy. If the insured doesn’t agree with any of the terms and conditions, he/she has an option to return the policy.

    Surrender of member’s policy:

    A member can surrender the policy anytime, however, for regular premium policy, no surrender value is available. On the other hand, for single premium policy, the surrender value is payable on completion of one year of membership. The amount is calculated using the below table:

    Membership surrender year Percentage of single premium paid
    1 40%
    2 30%
    3 20%
    4 10%
    5 0%

    Changing the premium payment frequency

    Policyholder or any member can change the premium payment frequency on any membership anniversary day. One can choose to pay yearly, monthly or fortnightly. The table used to calculate the premium other than annual premium frequency is as follows:

    Premium frequency Fortnightly Monthly Yearly
    Factors 0.05 0.09 1

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Bajaj Allianz Life Jan Suraksha Yojana Plan Reviews

  • Page 1 of 17 1 2 3 4 5
    • Bajaj Allianz Life Life Insurance
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have a Bajaj Allianz life insurance from more than 10 years and it is a long term policy. There are not much branches of Bajaj. I am happy with the coverage and returns of this insurance policy. I pay my premium once in a year and i am convenient with the payment options. I have taken this policy mainly for tax savings.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The main issue with the Life Insurance policy from Bajaj is that I've been receiving n number of fake calls. I never had any issues pertaining to this policy. I pay the premium either via check or online. Overall Their service is not as good as I expected.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD POLICY"
      0.5 5.0/5 "Blown Away!"
      I took this policy mainly because of the good returns, its long tenure process , the payment can be done through easy monthly ecs . The best about the policy is claim rate is high compared to other policy available in the market. There customer service and customer response is good .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 30, 2018
    • Bajaj Allianz Life Life Insurance
      "Life insurance with BAJAJ"
      0.5 4.0/5 "Great!"
      I have taken a life insurance from BAJAJ ALLIANZ and the policy premium is 30000 annually. This is an investment come insurance policy so i will get some interest from mutual funds. We have to pay the premium for 5 years. The customer service and response with the card is fine.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have four policy's with Bajaj Allianz Life Insurance service. Tenure period is good with Bajaj Allianz Life Insurance service. The payments options are through online. It was an good experience with Bajaj Allianz Life Insurance service.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 25, 2018
    • Bajaj Allianz Life Life Insurance
      "Worst company to buy insurance from"
      0.5 1.0/5 "Really Bad"
      I had bought Super Saver policy which is Super Loser policy. Instead of giving returns, it actually eats up all your money. Agents mislead you that the policy can be withdrawn at early stage of 3 or 5 years. But actual term is 15 years or so. Absolutely rubbish plan. Customer support is pathetic an unhelpful. No knowledge about the product as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 31, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I hold a my life insurance with Bajaj Allianz from last 15 years and it is a long term policy. The tenure of this policy is 10 years. I have to pay a premium for 4-5 years and for remaining years the company will pay. It is an average policy, i am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Allianz Life Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 7-8 years and it is a term insurance. The tenure of this life insurance policy is 20 years. I pay my premium on monthly basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "better experience"
      0.5 4.0/5 "Great!"
      I had applied and got a life insurance policy from the famous private sector insurance company BAJAJ ALLIANZ LIFE INSURANCE. Most of all benefits are covered under one policy. I feel that there are no benefits to renew my health policy so I withdrawn my health policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Better "
      0.5 3.0/5 "Satisfactory"
      I have taken the life insurance policy with the Bajaj allianz life insurance company. The premium amount is nominal one for me and the coverage value is reasonable one for me with them. Every aspects are better one with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Very Good Investment"
      0.5 4.0/5 "Great!"
      This is absolutely a delight to have this Insurance. I took it last November. Their return is around 9.5%. I have been paying Rs.50000 as an annual premium for it. I just need to pay for 6 years and after that it has a 6 years locking period after which I can take out a good return out of it.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Bajaj Life insurance service is good. I have taken one policy with Bajaj for the period of 15 years. The payments are generally through online and the new schemes and offers they provide is good,it is totally a good experience with Bajaj Life insurance service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 3.5/5 "Pretty good"
      I have a life insurance policy with Bajaj Allianz from last 5 years and it is a short term policy. This policy has a tenure period of 2 years and my premium amount gets auto deducted from the salary account. I am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Okay"
      0.5 2.5/5 "Just OK"
      I am having the life insurance policy with the Bajaj allianz life insurance company. I would like to say that the customer service is good one and the coverage value too. Every aspects are not yet experienced with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 26, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy"
      0.5 4.5/5 "Excellent!"
      Recently I took a life insurance with Bajaj Allianz. It was taken through an agent. The representative was very kind and helpful. It is good and secured policy. I paid 25K yearly for this insurance. I made the payment through cheque. The total tenure period is 7 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 08, 2018
    • Bajaj Allianz Life Life Insurance
      "Good Products"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv issued insurance for the loan products, its a life insurance cum accidental cover from Bajaj Allianz company. They have taken one time premium around Rs. 3100 for the tenure of six years. They are providing critical illness, accidental care as well. I got the policy copy on time, I am satisfied about it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with Bajaj Insurance from last 5 years and it is one of the good insurance policy to use. The tenure of this life insurance policy is 15 years and it is long term policy. I pay my premium on monthly basis and the payment options are convenient for me. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 01, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Bajaj allianz general insurance company. Services are good one with them , response and other aspects are better one for me with them. I would like to say that the coverage value is around 10 lakh Rupees.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 24, 2018
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