Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz. Bajaj Allianz Life Insurance offers insurance products for financial planning and life insurance.
An overview of their life insurance products follows:
Term plans – a basic term life insurance plans through which customers can insure their lives for a high sum assured.
ULIPs – Unit Linked Insurance Plans which combine insurance and investment. The plans come with the aim of helping the customer plan for retirement, children’s education, marriage, pension etc.
Traditional plans – money-back plans are geared towards the needs of those customers who are looking for both life insurance and savings for the future. The plans combine traditional life insurance with investment, compounded over time, to pay out a regular income to the customer once the plan has matured.
Life and health insurance plans – Bajaj Allianz offers hospitalisation-cum-insurance plans that take care of the customers’ hospitalisation bills and provide financial support to their dependents in case of death.
Pension Plans – plans for generating a retirement income.
Women insurance plans – women-specific plans which provide investment benefits, savings, retirement solutions and medical insurance, all in one.
Additional rider benefits – life insurance policies can be extended to cover additional risks such as disability, critical illness, and loss of ability to work.