• Bajaj Allianz Life Insurance Group Plans

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Group life insurance plans are a great way to protect employees as in most cases the amount of funds available to the family of the employee in the form of gratuity, provident fund, pension, etc. are extremely limited. Group life insurance plans give members a sense of assurance with the singular opportunity for providing relief at a nominal price to the family of the member.

    Types of Bajaj Allianz Life Insurance Group Plans

    Bajaj Allianz Group Income Protection Plan

    This plan caters to landowners / farmers whose land has been acquired by any entity for developing Special Economic Zones (SEZs). These companies buy land at attractive rates but have the concern that the landowner/ farmer that they purchased from might not use the lump sum amount optimally. Bajaj Allianz Group Income Protection Plan allows SEZ building companies to gift the landholder and their families a steady income in the form of an annuity.

    Benefits
    • Offers flexible benefits options.
    • Flexible annuity frequency modes.

    Group Term Life Insurance Plan

    This plan offers members longstanding financial certainty and peace of mind. This plan provides its members with fundamental life insurance under one policy along with other benefits.

    Benefits
    • This plan provides the option of profit sharing to the members.
    • This scheme can be contributory or non-contributory wherein the members and/or employer can choose to contribute towards the premiums paid.

    Group Employee Benefit Plan

    Under this scheme, employers are given the option of providing employees with benefits as part of statutory or employee welfare requirements.

    Benefits
    • Gives employers the chance to set up a separate fund for gratuity and leave encashment benefit for employees.
    • Choice of 9 funds to choose for depending on the investment requirement.
    • Choice of payment frequency.
    • Unlimited free switches to manage investments.

    Group Employee Care

    This scheme aids employers in developing a considerable fund in order to ensure problem free discharge of his responsibilities.

    Benefits

    Events other than death, such as retirement, termination, resignation, etc. can also be included in the policy at the employer’s discretion.

    In the event of the death of an employee due to suicide, full death benefit, as stated in the benefit section of the policy, is payable.

    A grace period of 15 days is available for monthly frequency and 30 days for any other frequency is granted.

    Group Credit Protection Plan

    Under this scheme, the employer is provided with a cost-effective method of protecting the member's family from the hardship of repaying loans in case of death or permanent disability of the member. The plan is intended to cover various types of loans given by employers, financial institutions, co-operatives, etc.

    Benefits
    • The plan awards the choice of opting for a single life or joint life coverage.
    • Choice of single or regular premium payment options.
    • Options of tenures ranging from 2 years to 30 years.
    • Opportunity to add riders, like Accelerated Critical Illness Benefit and /or Accelerated Accidental Permanent Total Disability Benefit cover.

    Bajaj Allianz Group Term Care

    This policy grants the members with returns up to 100% of the premiums paid on maturity.

    Benefits
    • Single premium payment.
    • Members can enjoy benefits for the entire policy term.
    • High sum assured rebate for members who choose a higher sum assured.

    Group Superannuation Secure

    This scheme is intended for employers to be able to assure employees of a secure and independent post-retirement life. This policy is used to manage employees’ pension fund.

    Benefits
    • Minimum guaranteed the interest rate.
    • Guaranteed interest rate for entire policy term.
    • The additional interest rate which is declared by the company at the beginning of each financial quarter.

    Group Annuity Plan

    This policy assures employees of a steady post-retirement income with a single premium payment.

    Benefits
    • Flexible annuity frequency mode.
    • This policy is eligible for tax benefits as per the applicable law.

    Niyamit Sanchay Suraksha

    This scheme is a non-linked, non-participating regular, limited and single premium, group savings variable insurance policy which gives the employees a guaranteed interest rate as well as an additional interest rate, guaranteed for the entire policy term.

    Benefits
    • Flexibility to choose life cover for members.
    • Choice of single, regular or limited premiums payment options.
    • Choice of partial withdrawals.
    • The choice to alter premium payment frequency.
    • Guaranteed death benefit of 105% of the total premiums paid.

    Save Saral Suraksha

    This plan provides adequate life insurance cover at an affordable price . It also provides a return of premiums paid at maturity.

    Benefits
    • Flexible premium payment frequency.
    • Premium paying term is equal to the policy term.

    Why choose Bajaj Allianz Group Plans?

    Bajaj Allianz Life Insurance Company is a joint venture of Bajaj Finserv Ltd and Allianz SE. While Allianz SE brings technical expertise and experience to the table, Bajaj Finserv Ltd brings in-depth market knowledge and goodwill of the brand Bajaj in India. Together, Bajaj Allianz incorporates global expertise with local experience. Noted by customers as trustworthy and a market leader, Bajaj Allianz Insurance Company ensures competitive pricing and quick honest responses.

    Example of how their plan works

    Karan, owner of a Bangalore-based business bought a Bajaj Allianz Life Insurance Group Plan for all of his employees. Karan’s employee Dharam took a loan from which he was unable to pay due to an accident. Since, Karan’s group life insurance policy covered for loan repayment of employees, Karan was able to retrieve his money even though Dharam was not in the position to pay off the debt.

    Group life insurance plans are a great way to build employee morale while giving the employees’ the comfort of having life insurance to take care of their families in case of any unfortunate event.

    Other Bajaj Allianz Life Insurance Plans

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

    Bajaj Allianz Group Plans Reviews

  • Page 1 of 17 1 2 3 4 5
    • Bajaj Allianz Life Life Insurance
      "Best product offerings"
      0.5 4.0/5 "Great!"
      I have three policies from Bajaj Allianz life. The premium gets auto debited from the account(Check details here : https://www.bajajallianzlife.com). I don't have to worry about the due date and this makes life so much easier. The agents are very friendly and in case of any discomfort, they have always helped me understand and sort things out. I recommend Bajaj Allianz to everyone over any other company in the market
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • Bajaj Allianz Life Life Insurance
      "Excellent Policy"
      0.5 5.0/5 "Blown Away!"
      Got a Bajaj Allianz Life insurance policy around 4 years ago. The policy tenure 18 years with a premium amount of Rs. 12,000 in a year. The customer support is very responsive, and I loved their support every time. The plan benefit is excellent and most of the services can be availed online(https://www.bajajallianzlife.com).
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • 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
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