Term insurance is a life insurance plan that offers life cover during the policy tenure . In case of the life assured’s unfortunate demise during the policy term, the nominee receives the amount called the death benefit. The death benefit can help the dependents manage essential household expenses such as food, education, healthcare, and more Term insurance is a life insurance plan that offers life cover during the policy tenure . In case of the life assured’s unfortunate demise during the policy term, the nominee receives the amount called the death benefit. The death benefit can help the dependents manage essential household expenses such as food, education, healthcare. ..Read More
Zero LTCG Tax$
High Growth Potential
Starting from ₹3,000/ Month1
10X Life Cover2
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Aditya Dixit
Date Published : 22nd September 2026
Avdhesh Gupta
Date Modified : 11th June 2026
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Bajaj Life eTouch II Plan is a term insurance policy that provides financial protection to your loved ones by paying a death benefit if the insured passes away during the policy term. It offers flexible payout options, including lump sum or regular income, based on your preference. This plan focuses solely on protection without any savings or investment components, ensuring affordable premiums and straightforward coverage tailored to your needs.
What are the key advantages of Bajaj Life eTouch II?
Bajaj Life eTouch II Plan is a term insurance policy that provides financial protection to your loved ones by paying a death benefit if the insured passes away during the policy term. It offers flexible payout options, including lump sum or regular income, based on your preference. This plan focuses solely on protection without any savings or investment components, ensuring affordable premiums and straightforward coverage tailored to your needs.
Tax benefits are available on what you pay & what you or your family receive, as per extant Income Tax Act
Bajaj Life eTouch Term covers you against death & terminal illness. It also waives your future premiums due (if any) in case of diagnosis of Accidental Total Permanent Disability or Terminal Illness (whichever is earlier)
You can pay premiums throughout the policy term, or for a limited number of years, or till your retirement (Age 60)
Exit early (after your need for cover is over) and get back your paid premiums* as Early Exit Value. Total Premiums paid shall be the total of all premiums received, exclusive of taxes, extra premium, loadings for modal premiums, if any. Please note that GST and cess, if any, will be collected over and above the premium under the policy.
An option which helps you skip your premiums for 1, 2 or 3 years during the premium payment term.
A term insurance calculator is an online tool that helps you estimate the premium you might pay for a term plan.
A term insurance calculator is an online tool that helps you estimate the premium you might pay for a term plan. It takes basic information like your age, gender, income, lifestyle habits etc, and instantly shows you an estimated premium based on the coverage you want. It’s designed to give you a quick and clear picture of how much life cover you can get and at what cost. You can also adjust the inputs, such as increasing the sum assured or changing the policy tenure, to see the change in premium . It’s a simple way to plan and find a policy that fits both your financial needs and budget. Whether you're new to life insurance or just checking available options, a term insurance calculator gives you a starting point without any guesswork.
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Premium Amount” to view your result
You Pay Premium of
2,684 /Month
You Get Life Cover of
₹2,00,00,000
Total Premium Amount
₹10,32,000
Term insurance for young individuals in their 20s generally pays less premium than people in their 30s or 40s. This is because younger people are at a lower risk of developing serious illness. As you grow older, the risk increases and so does the premium.
Women typically live longer than men6, hence the insurer usually charges lesser premium for women than men for the same term plan with the same coverage.
This is basically the coverage amount you choose like ₹1 crore,₹2 crore, etc. A higher sum assured means your nominee receives greater financial support but the premiums are also higher.
This is the duration for which the term plan remains active. Buying a policy at younger age typically allows you to choose a longer term at relatively lower premiums.
If you have any existing illnesses, smoking or drinking habits or your family has a certain medical history, then you may have to pay slightly higher premiums than other healthy individuals of the same age.
Bajaj Life Insurance offers a number of add-on riders like Accidental Death Benefit Rider, Waiver of Premium Rider, Critical Illness Benefit Rider and Permanent and Partial Disability Rider, etc. These term insurance riders enhance your coverage and offer financial protection at an additional nominal premium.
If you work in a high-risk profession like construction, mining, firefighting or aviation, your term insurance premiums are slightly higher. This is because insurers categorize these jobs as hazardous and prone to accidents or health risks.
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Exclusively for Women
Free Women Health Management Services upto ₹36,500^^^ p.a.
60 Critical Illnesses~~~ Covered Including cancer
Monthly Child Income Benefit Option^^*
Life Cover With Tax Benefits*
Term Plan
₹50 Lacs Life Cover @ ₹167 per day
No Documentation8 & Quick Issuance
2% Online Discount9
Tax Benefits27
Term Plans
Life Cover
High Sum Assured Rebate21
Female Life Rebate22
Term Plans
Buy online and Get up to 16% Discount on first year premium3
₹ 1 Crore Cover @ ₹ 14 per day2
55 critical illnesses covered1
Return of premium option1
Term Plans
Term Plan exclusively designed for Type 2 diabetics (with HbA1c level <= 8) and pre-diabetics.
Provides comprehensive financial security to your family.
Flexibility to choose from multiple premiums payment frequencies
Tax benefits~ available
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Bajaj Life Term Insurance Plans are considered reliable and trustworthy as they settle high percentage of valid claims. Bajaj Life Insurance has achieved 99.29% Claim Settlement Ratio for FY 2024-25, as on 31st March 2025~.
Why Bajaj Life Insurance ?
Bajaj Life Insurance, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.
99.33%
Claim Settlement Ratio~
1 Day
Get 1 Day Claim Approval%
AAA
Stable Rating by CARE$$
₹1,37,866 Cr
Assets Under Management (AUM)***
3.47 Cr
Number of Lives Covered##
343%
Solvency Ratio of 343%^^^
| Type of Term Insurance | What it Means | Why It’s Good: |
|---|---|---|
| Level Term Plan | The sum assured stays the same for the whole term. | The sum assured stays the same for the whole term. |
| Increasing Term Plan | The sum assured grows over the course of the policy term. | Helps keep up with rising needs. |
| Decreasing Term Plan | The sum assured decreases over the course of the policy term. | Affordable premiums, beneficial if you have home loans. |
| Return of Premium (ROP) | You get all premiums paid back if you survive the term. | Financial Protection + you get your premiums back if the insured outlives the policy term |
| Convertible Term Plan | Can change into a whole life plan later | Flexible, no extra medical tests |
| Group Term Insurance | Offered by employer or organization to cover its employees | Affordable, simple, sometimes no medical tests |
Devang Awasthi IT Professional
After the birth of my child, I became more cautious with my financial planning. I started thinking beyond just saving and investing and wanted to secure my family’s future just in case I won’t be around. That’s when I came across the option of term insurance plans. I chose a term plan that would take care of my family’s long-term needs. It gave me the peace of mind I didn’t know I needed.
Keyur Agarwal Business
A health scare in the family opened my eyes. My uncle had no major health issues but suffered a sudden heart attack. He being the sole breadwinner, his family was devastated. It made me question my own financial preparedness. That’s when I seriously considered getting a term insurance policy. I didn’t want my family to be left with similar financial stress in case something unexpected happened. Buying a term insurance plan felt like the best move.
Rohit Singh Engineer
I was focused on investments until a financial planner asked me if I had any life cover. I hadn’t thought about term insurance at all. But the way he explained that term plans are the simplest and most cost-effective way to safeguard my family’s financial future, it made complete sense. I went ahead and bought a term insurance policy, and I’m glad I did. It filled an important gap in my financial planning.
Neha Gandhi Marketing
Just after landing my first job, I decided to buy a term insurance plan. I had read that the earlier you buy, the cheaper the premium. It was true the cost was so low, it barely made a hole in my pocket. It felt so good to make a responsible decision early on. Now, I’ve got a term plan that offers assured coverage for decades. It’s one of the smartest things I’ve done financially.
Rohini Shah Chartered Account
Buying my first home was a dream come true. But the loan made me anxious. What if something happened to me and my family had to deal with the burden? That’s when my friend asked me if I have a term plan. It was an eye opener and I immediately decided to buy a term insurance policy. The term plan I chose covers the home loan amount and more, so my family won’t have to worry. It was a small step that added huge peace of mind. I also opted for return of premium feature, which will refund all my premiums if I survive the policy term.
Anoop Raina Engineer
The COVID pandemic was a wake-up call. I saw how quickly life can change, and how many people were left without financial support. That’s when I started looking into term insurance plans. To my surprise, it was the most affordable way to ensure my family wouldn’t face financial strain if I weren’t around. Both, me and my wife bought a term plan during the second wave and honestly, it was long overdue.
Is term insurance worth buying it if I have no dependents?
Term insurance can be a good purchase even when you do not have any dependents. It may help cover your unpaid debts and also if you buy a term plan early, you can lock in lower premiums.
Are term insurance premiums fixed or do they increase every year?
In India, most standard term insurance policies usually have fixed premiums during the policy term. The premiums do not increase. However, some insurers also provide increasing term insurance plans, where the sum assured increases over time, which may slightly affect the premium structure.
What is the payout option in term insurance?
Insurers make the payout in lump sum or as a monthly income or a combination of the two. There are also plans where the payouts can be staggered within a given period of time. The choice of the option can be decided at the buying time depending on the financial needs of your family and future spending plans.
Is term insurance valid if I change my job or move abroad?
Yes, your term insurance remains active if you change your job. In case you relocate overseas, you must notify the insurer. It is important that you update your contact details and residency status always to eliminate the possibilities of claim rejection and to maintain a continuous coverage of the policy term.
How does inflation impact term insurance coverage?
The real value of your sum assured is devalued by inflation. For example, ₹1 crore today might not have the same purchasing value after 10 or 20 years. This implies that you may not cover all the expenses of your family in the future. Due to inflation risk, higher cover or increasing term plan can be opted to cope with inflation risk.
Does term insurance cover death during international travel?
Yes, term insurance plans cover death during international travel including accidental and natural deaths. There can however be some exclusions on high-risk activities, war zones or restricted countries. One should be cautious to read the terms of the policy before travelling to foreign countries. Informing the insurer about your long-term foreign stay will make the claim settlement easy for the nominee.
Can I switch insurers after buying term insurance?
Term insurance plans cannot be switched between insurers. If you wish to change the insurer, you must purchase a new policy and undergo fresh underwriting.
Can I add two nominees in my term insurance plan?
Yes, you are allowed to have several nominees in your term insurance. The percentage share that each nominee will get can also be specified. This will ensure transparent allocation of the claim amount and avoid conflicts. The information about the nominees can be typically updated by sending a formal request to the insurer with the necessary documents.
Which term insurance plan is best for me?
The best term insurance plan in India is determined by a number of factors such as your income level, dependents, loan repayments and the duration of your desired cover.
How much term insurance cover do I need?
The basic thumb rule is to have a cover that is approximately 10 to 15 times your annual income. Let's say your yearly income is ₹8 lakh, then your ideal cover should be between ₹80 lakh and ₹1.2 crore.
Which term plan is best for a 30-year-old?
At 30, premiums are generally low, and you are in good health. So, choose a term plan with comprehensive coverage, affordable premiums, and flexibility to add riders for unfortunate events.
What is term insurance with a monthly income?
Term insurance with a monthly income option provides your family with regular monthly payments after your death. This gives them a regular flow of income to manage their daily expenses without any stress.
How often should I review my term insurance policy?
It is best to review your term insurance plan at regular intervals. This is because your circumstances, salary, assets and liabilities would have changed during this time.
How long should the term insurance policy period be?
A simple rule of thumb — your policy should last as long as you're working. So if you're 30 today and plan to retire at 60, go for a 30-year term. [31] That way, your family has a financial safety net for exactly as long as you're the one bringing home the income.
Can NRIs buy term insurance in India?
Absolutely. Being abroad doesn't stop you from securing your family back home. As per FEMA guidelines, [8] NRIs have the flexibility to buy a term plan in India, regardless of which country they're living in.
How long does it take to approve a term insurance claim?
IRDAI rules require insurers to settle claims within 15 days [32] of receiving all the necessary documents. If the claim needs a deeper investigation, the insurer still has to wrap both the investigation and final settlement within 45 days [32] of the claim intimation.
What is a premium holiday and auto cover continuance in a term insurance plan?
A premium holiday lets you pause your premium payments for a certain period (for up to 1, 2, or 3 years) without losing your coverage. Auto cover continuance works similarly; if you miss a payment, your life cover continues automatically for a defined period (often 12 months). Once you resume payments, your coverage remains intact.
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Insurance Blogs
Life insurance offers financial security for your loved ones during unexpected events. A policy can cover expenses like mortgages, education, and daily living costs. Consider your personal situation and future goals to see if it’s right for you.
Is Life Insurance Good For You?
A ULIP (Unit Linked Insurance Plan) is a life insurance coverage policy with investment in market linked securities. When you buy a ULIP policy, you can invest in several equity, debt, and other market linked/unit linked fund products.
Is Life Insurance Good For You?
A Unit Linked Insurance Plan (ULIP) is considered as one of the most preferable means of investment today. ULIP Investment, which was once associated with higher costs, has changed the game for itself due to low costs and potential to earn high returns.
Everything You Need To Know About Critical Illness Health Insurance Plans
Being healthy is crucial to achieving any life goal. While one part of being healthy is exercising and eating healthy, the other element is to financially prepare for any illness or eventuality.
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.
This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Life Insurance Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.
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Claim Settlement Ratio of 99.33%~
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