Bajaj Allianz Life Insurance is one of the leading private life insurance companies in India. The Company is a joint venture between Bajaj Fiserv Limited, one of India’s most diversified non-banking financial institution and Allianz SE, one of world’s leading asset manager and insurer. Bajaj Allianz Life began its operations in 2001. Since then, the company has expanded its presence all over the country in less than two decades.
Bajaj Allianz Life serves millions of customers through its 524 branches across the country, 70,000+ agents (as on 30 Sept 2020), and comprehensive set of trusted partners and through its online sales channel.
The Company’s brand promise and tagline is “Life Goals. Done”. It drives the organization to launch pioneering insurance solutions, including the revolutionary RoMC (Return of Mortality Charges), a feature in some of its new-age ULIPs, and thus becoming the first insurer to do so.
Key Highlights of Bajaj Allianz Life Insurance
- The company has a staggering Claim Settlement Ratio of 98.02%
- Provides 1 Day Claim Approval
- Bajaj Allianz Life has been awarded AAA (In) Rating by CARE for its Highest Claims Paying Ability
- The company has Rs 56, 085 crore in total Assets Under Management (AUM)
- Till now, Bajaj Allianz Life has covered 3.44 crore people across the country and still counting
- The company has a solvency ratio of 745%
- It is amongst the ‘Top 75 most valuable Indian Brands 2020’
- One of the most Trusted Brand in 2021
Bajaj Allianz Life has persistently transformed to provide with the latest technology laced high-quality services to boost customer delight. The Company continues to engage with customers through a number of unique platforms. Bajaj Allianz Life has secured a place in the Guinness Book of World Records with the Bajaj Allianz Life Plankton 2020.
All these facts and figures are enough for anyone to opt for life insurance plans from Bajaj Allianz. The company has always maintained its status in terms of providing the best life cover with guaranteed claim services.
Life is volatile and unpredictable.
It’s like a roller coaster – full of ups and downs.
We can never know what the next moment is holding for us.
Neither can we plan in advance to steer clear of an unforeseen incident.
While it’s a concrete truth that we have no control over the incidents happening in our life, there’s something you can do to make sure that the lives of your dependents goes smooth without any financial obstacles.And for this reason, you will have to plan beforehand.
You need to make sure that the people you care for or your loved ones live a happy life even after you will be long gone.
Always shop around different life insurance plans online.
All the life insurance companies have made their presence to the online platform.
So make sure you do a background check of different life insurance plan available to you.
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Last Whispers is about organizing and making lists ahead of time of important things like documents, records, online activities, pictures and audio recordings that will become very important to selected others once you’ve passed away.
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Life Insurance and Income Protection cover pays out if you are unable to work due to illness or injury, however it will not pay out in the case of redundancy.
The primary difference between an Income protection insurance policy and Critical Illness Insurance policy is the amount and frequency of pay out.In an Income protection claim the pay out is periodic and generally a percentage of earnings usually 60% to 70% paid out on monthly basis and the said payment are exempt from tax, as compared to Critical Illness claim which makes a one-time lump sum pay out.The pay out under Income Protection policy begins after the end of a pre agreed period know as a deferral period, the shorter the deferral period the higher the premiums, the usual deferral period is between 13 to 26 weeks.
While seeking Income protection cover, it is essential to check with your employer the cover they have in place to support you as an employee for the time off work.Life Insurance is a protection product which helps to provide financial security and cover to your dependents, family and loved one’s in the unfortunate event of death.
The said money that is paid out as a claim from the policy, can be very useful to the dependents to continue the lifestyle they are used to.
The funds received can replace a loss of income and could be used to pay off debts like Mortgages, which can reduce a huge financial burden.
