Key features and benefits of Life Insurance policies
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Secure your family’s future
Ensure financial protection for your family in case of your untimely demise through plans offering whole life coverage.
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Get assured income benefits
Get income benefits after policy maturity either as lump sum or in the form of monthly payouts.
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Enjoy flexible premium payment options
You can choose from higher or lower premium payment options and flexible cash value components, as per your convenience.
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Get extensive critical illness coverage
Along with life cover, get coverage for medical expenses incurred for up to 55 chronic and terminal illnesses.
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Get return of premium benefit
If no claim is made during the policy tenure, you will receive the total premiums paid towards the policy at maturity.
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Enhance policy coverage with add-ons
Opt for add-on coverage to enhance the coverage of the policy. Get Critical Illness cover and Accidental Death Benefit. You can add Accidental Total Permanent Disability Benefit, and Waiver of Premium Benefit riders as well.
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Get tax benefits
Get tax exemptions on premiums paid for life insurance policies as per the provisions of the applicable Income Tax laws.
Step-by-step guide to buy Life Insurance plans on Bajaj Finance Insurance Mall
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Step 1
Click here to visit our online application form.
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Step 2
Enter the required details – name, mobile number, email ID, DOB, and gender. Click on ‘Proceed’ button.
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Step 3
Share a few more details related to your lifestyle, occupation, education, income, and PIN code. Click on ‘View Plans’ button.
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Step 4
You will see the plans available. Click on ‘Buy Now’ on the plan and our representative will call you back and explain the products available for you to take an informed decision.
Frequently asked questions
In the event of the policyholder's passing or after the term has ended, a life insurance policy pays the beneficiary or the nominee. The nominee can file a claim for death coverage with the insurer to receive the policy's insured amount. At the end of the policy tenure, a policyholder can renew the policy, or receive a maturity benefit.
There are different types of life insurance policies. Some of them are term insurance, whole life insurance, endowment plans, money-back plans, and retirement plans.
A life insurance plan gives you financial coverage for a secure future. This policy provides death coverage. You get the flexibility to choose the term. You can get a loan against your plan in case of a financial emergency. This policy also offers you the opportunity to create wealth.
You may be eligible for tax exemptions for life insurance premiums. Please check the relevant sections of the Income Tax Act of 1961.
When you have whole life cover, you are protected for the whole of your life, or however long you live. Under this plan, you pay a premium for the first 10 to 15 years and be eligible for coverage up to age 99.
The amount the policyholder receives if he cancels or surrenders the policy before maturity is known as the surrender value. It is the sum that the policyholder will get from the life insurance provider if he decides to discontinue the policy before maturity. This is only applicable if the policyholder has paid premiums for the policy for 3 consecutive years.
