Bajaj Life Insurance Limited
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Risk Factors and Warning Statement: Bajaj Life Insurance Limited and Bajaj Life eTouch II and Bajaj Life Family Protect Rider are the names of the company and the product/rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document of the base product and rider (available on www.bajajlifeinsurance.com ) carefully before concluding a sale. Bajaj Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V10) and Bajaj Life Family Protect Rider – Parental Care option (UIN: 116B056V01) – a Non-linked, Non-participating, Individual, Pure Risk Health Rider. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006. IRDAI Reg No.: 116. CIN : U66010PN2001PLC015959 | Mail us : customercare@bajajlife.com | Customer Care Number: 020-6712 1212 | The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.
~Individual Death Claim Settlement Ratio for FY 2025-2026.
35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.
^1Above illustration is for Bajaj Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V10) considering Male aged 22 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 408/month. 2nd Year onwards premium is Rs. 442/month. Total Premium is Rs. 1,58,712 | Medical Rates | Monthly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of any extra premium and is for illustrative purpose only.
^2Above illustration is for Bajaj Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V10) considering Male aged 22 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 531/month. 2nd Year onwards premium is Rs. 575/month. Total Premium is Rs. 2,06,472 | Medical Rates | Monthly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of any extra premium and is for illustrative purpose only.
2Accidental Death Benefit is available with Life Shield Plus variant
&Waiver of Premium Benefit On Accidental Total Permanent Disability/Terminal Illness is available for all variant.
6Tax benefits as per prevailing Section 11 (read with Schedule II, Sr.No.2) and Section 123 (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.
5Early Exit Value is available with Life Shield & Life Shield Plus variants.
$Tax benefits as per prevailing Section 11 (read with Schedule II, Sr.No.2) and Section 123 (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Tax Benefit is calculated at the rate of 31.20% after considering deduction of Rs. 150,000/- under Section 123 of the Income Tax Act 2025 (under old tax regime).
#The Premium prices mentioned are the lowest available across all online channels/ platforms for the purchase of this specific version of the product. These rates are subject to in-put parameters7 as required for policy issuance remaining consistent during comparison. No Staff/Partner discount&& can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of the premium paid8 during the applicable free-look period. &&Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members. 7Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance. 8Subject to submission of satisfactory documentary proof by the customer. Decision of Bajaj Life Insurance Limited regarding the validity of the above claim shall be final and binding on the Customer.
4Term Insurance plan bought online directly from Bajaj Life Insurance Limited has no commissions involved.
*As per Government of India Notification No. 16/2025, GST is not applicable on individual life insurance policies effective 22 September 2025.
1Through Parental Care Option available in Bajaj Life Family Protect Rider (UIN: 116B056V01). Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions.
^Get Free Health Management Services up to Rs. 31,000 per year
| Health Management Services | Frequency | Cost (₹) |
|---|
| Doctor Insta-Consultations | 3 consultations per month = 36 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 36 = ₹ 18,000
|
Health Coach
(Diet & nutrition consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Emotional Wellness
(Psychologists consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Network discounts:
Medicines (M) - 10%
Lab-test booking (L) - 10%
| Throughout the year
| Assumption – Total
expense on these
services throughout
the year
| Total discounts that can be availed
throughout the year
|
M - ₹ 5,000
| ₹ 500
|
L - ₹ 5,000
| ₹ 500
|
Total per year as per assumption
| ₹ 31,000
|
Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.
Bajaj Life reserves the right to commence/discontinue the service/s or change the service provider/s at any time.
Doctor Insta-Consultations and Health Coach Services are unlimited, at no additional cost. The above numbers are assumed only for the purpose of calculation of the yearly benefit.
BLIC-OT-EC-23938/26
