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Bajaj Life eTouch II

Q: Is Bajaj Life eTouch II available online?

Yes. Bajaj Life eTouch II is available for purchase through the online channel at www.bajajlifeinsurance.com . Policies purchased online are eligible for an additional 6% discount on the first-year premium, subject to the applicable terms and conditions.

Q: What is the Early Exit Value 1 in Bajaj Life eTouch II and how does it work?

Customers can exercise the Early Exit Value 1 feature and receive the premiums paid along with underwriting extra premiums paid, as per the applicable policy terms and conditions.

Bajaj Life eTouch II is a non-linked, non-participating individual term insurance plan offering three variants: Life Shield, Life Shield Plus and Life Shield ROP. Depending on the variant selected, it provides benefits such as life cover, additional accidental death² protection, return of premiums on maturity⁴, waiver of future premiums upon specified events and flexible death benefit payout options. The plan also includes features such as Premium Holiday, Auto Cover Continuance Benefit, Life Stage Upgrade and Early Exit Value¹, subject to the applicable terms and conditions ..Read More

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High Life Cover

Extra Payout in case of Accidental Death

Flexible Policy Payout Options

Return of Premium⁴ (ROP)

( Reviews)

3.47

Crore Lives Covered^##

99.33%

Claim Settlement Ratio^~

266%

Solvency Ratio^{^^^}

₹1.34

Lakh Crores Assets Under Management (AUM)***

Written By

Rosy Pathak

Date Published : 16th January 2025

Rosy Pathak

Rosy Pathak, DVP- Product and Brand Marketing at Bajaj Life Insurance carries over 19 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.

Reviewed By

Madhu Burugupalli

Date Modified : 14th August 2026

Madhu Burugupalli

Madhu brings over 20 years of experience in product management and strategy. He leads product design and development at Bajaj Life, focusing on innovative, customer-centric life insurance solutions aligned to protection and savings needs of customers and their families. Over the years, he has developed a wide range of products across Term Insurance, ULIPs and traditional life insurance plans across digital and offline distribution channels.

What is Bajaj Life eTouch II?
Key Features of Bajaj Life eTouch II
Who should buy Bajaj Life eTouch II?
Pricing Details and Illustration
View All

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What is Bajaj Life eTouch II?

Bajaj Life eTouch II is a non-linked, non-participating individual term insurance plan designed to provide financial protection through life cover along with a complimentary health management service. It offers three variants, allowing you to choose the level of protection and benefits that best suit your financial needs.

Depending on the variant selected, the plan provides features such as waiver of premium on accidental² total and permanent disability or terminal illness, an additional payout in case of accidental death², return of premiums⁴ paid on maturity⁴ under the Life Shield ROP variant, and the option to enhance protection through additional riders at a nominal extra cost.

The plan also offers flexibility through features such as Early Exit Value¹ (where applicable), Auto Cover Continuance Benefit that allows premium deferment for up to 12 months while keeping the life cover active, flexible death benefit payout options for nominees, and complimentary services such as health management.

Whether you are a young professional, the primary earning member of your family, a working woman or someone with financial dependants, Bajaj Life eTouch II can help secure your family's financial future. With 99.33% CSR (Claim Settlement Ratio)^~, 266% Solvency Ratio^{^^^}, 3.47 crore lives insured^##, ₹1.40 lakh crore AUM (Asset Under Management)^***, and ₹8511.97 crore amount of individual claims paid^*, Bajaj Life Insurance is your suitable life insurance partner.

Key Features of Bajaj Life eTouch II

Affordable Premium

Get a high life cover at an affordable premium. For example, a ₹1 crore life cover for ₹14 per day**, helping you financially protect your family's future.

Return of Premium

Some individuals prefer life insurance that also offers a maturity benefit. Under the Life Shield ROP variant, eligible premiums paid are returned if you outlive the policy term, subject to the policy terms and conditions.

Additional Accidental Death Benefit

Under the Life Shield Plus variant, your nominee receives an additional payout over and above the base sum assured in case of death due to an accident².

Flexible Death Benefit Payout

Every family manages money differently. Some may need an immediate lump sum to repay liabilities, while others may prefer a regular monthly income to meet household and meet lifestyle expenses. Bajaj Life eTouch II lets you choose the payout option that best suits your family's financial needs.

Premium Holiday

Temporarily pause premium payments for 1, 2 or 3 policy years (as opted at inception) without losing life cover, subject to the policy terms and condition

Life Stage Upgrade

Increase your sum assured during specified life events, such as marriage or the birth of a child, under the Life Shield and Life Shield Plus variants, subject to policy conditions.

Early Exit Value¹

Under the Life Shield and Life Shield Plus variants, you may voluntarily exit the policy after meeting the specified eligibility conditions and receive the premiums paid, along with applicable underwriting extra premiums, as per the policy terms and conditions.

Auto Cover Continuance Benefit

Defer premium payments for up to 12 months while keeping your life cover active, subject to the policy terms and conditions.

Waiver of Premium

Future premiums may be waived if the Life Assured suffers Accidental Total Permanent Disability or is diagnosed with a Terminal Illness, subject to the policy terms and conditions.

Health Management Services

Access complimentary Health Management Services, including preventive healthcare and wellness support, subject to the applicable terms and conditions.

Who should buy Bajaj Life eTouch II?

Whether you are just starting your career, raising a family, or planning for retirement, your insurance needs evolve with every life stage. Here are a few situations where Bajaj Life eTouch II can help.

Customer Profile	Real-Life Scenario	How Bajaj Life eTouch II Can Help
Aman, a 28 year software engineer	Aman recently got married and wants to ensure his spouse remains financially secure if something unexpected happens to him.	A high life cover at an affordable premium can help protect his family's financial future during the early stages of wealth creation.
Rohit, 37, a finance professional	Rohit is repaying a home loan while planning for his children's higher education. His family depends on his monthly income.	The life cover can help his family manage household expenses, loan repayments and long-term financial goals in his absence.
Neha, 28, entrepreneur	Neha runs her own business where income varies from month to month, but her family's financial responsibilities remain constant.	Multiple variants and flexible policy features allow her to customise protection based on her evolving financial needs.
Priya, 37, banking professional	Priya contributes significantly to her family's income and wants to ensure her financial commitments continue to be met even if she is no longer around.	The plan helps safeguard her family's financial future with customisable protection options and flexible death benefit payout choices.
Vikram, 42, self-employed	Vikram wants life insurance protection but also prefers receiving eligible premiums back if he survives the policy term.	The Life Shield ROP variant returns eligible premiums on maturity, subject to the policy terms and conditions.

Pricing Details and Illustration

The premium payable under Bajaj Life eTouch II depends on several factors, including the life assured's age, gender, smoking status, chosen plan variant, sum assured, policy term, premium payment term and underwriting assessment. Since term insurance premiums are generally lower at younger ages, the illustration below uses a 25-year-old male, non-smoker purchasing a ₹1 crore life cover to demonstrate how the plan may work. Actual premiums may vary based on the policyholder's profile and the options selected.

Details*	Life Shield	Life Shield Plus	Life Shield ROP
Age	25 years	25 years	25 years
Gender	Male, Non-Smoker, Standard Life	Male, Non-Smoker, Standard Life	Male, Non-Smoker, Standard Life
Death Benefit Payment Option	40% Lumpsum, 60% monthly income payout	40% Lumpsum, 60% monthly income payout	40% Lumpsum, 60% monthly income payout
Maturity Benefit Option	NA	NA	Lumpsum Payout
Policy Term	30 years	30 years	30 years
Premium Payment Term	30 years	30 years	30 years
Sum Assured	₹ 1 Crore	₹ 1 Crore	₹ 1 Crore
Accidental Death² Benefit Cover	NA	₹ 1 Crore	NA
Monthly Premium	₹539/ month	₹822/month	₹1010/month
Premium Payable (p.a.)	₹ 6,158	₹ 9,390	₹ 12,276

Note: Information for the second column is taken from the Bajaj Life website (Source Image)

Buying term insurance at a younger age may help you secure a higher life cover at a lower premium, as premiums are generally based on the age and risk profile at policy inception.

Why is it important to buy a Term Plan in India in 2026?

A term insurance plan provides financial protection for your family by offering life cover that helps them manage household expenses, outstanding loans and long-term financial goals in your absence. As financial responsibilities continue to grow, adequate life insurance has become an important part of financial planning.

According to a report published by Business Standard, life insurance penetration in India remained at around 2.7% during 2024–25, suggesting that many households may still be inadequately insured. This highlights the importance of evaluating your family's protection needs before choosing a life insurance plan.

The suitable term insurance plan depends on factors such as:

Age and income
Number of financial dependants
Existing loans and liabilities
Medical history
Long-term financial goals

When comparing plans, consider the level of life cover, premium affordability, policy flexibility, claim settlement record and available policy benefits. Bajaj Life eTouch II offers multiple variants with features such as premium waiver for accidental total and permanent disability or terminal illness, flexible death benefit payout options, Auto Cover Continuance Benefit, Early Exit Value¹ (where applicable), and Return of Premium under the Life Shield ROP variant.

Bajaj Life eTouch II Specifications

Downloads

Prospectus / Brochure

Policy Document

Customer Information Sheet

What Plan Options Are Available Under Bajaj Life eTouch II?

Bajaj Life eTouch II offers three plan variants, each designed to address different protection needs and financial goals. While all three variants provide life insurance protection, they differ in the additional benefits they offer, such as accidental death² cover or return of premiums⁴ paid on maturity. Understanding these differences can help you choose the variant that best aligns with your financial priorities.

Features	Life Shield	Life Shield Plus	Life Shield ROP
Death Benefit	Yes	Yes + Accidental Death Benefit	Yes
Maturity Benefit	No	No	Return of Premium
Waiver of Premium on Accidental Total Permanent Disability / Terminal Illness	Yes	Yes	Yes
Death Benefit Payout Options	Lump sum, Monthly income or combination of both	Lump sum, Monthly income or combination of both	Lump sum, Monthly income or combination of both
Auto Cover Continuance Benefit	Yes	Yes	Yes
Premium Holiday	Yes	Yes	Yes
Life Stage Upgrade	Yes	Yes	No
Early Exit Value¹	Yes	Yes	No
Maturity Benefit in Instalments	No	No	Yes

What is the Life Shield Variant?

The Life Shield variant is a pure term insurance option that provides high life cover at an affordable premium. It offers financial protection to your nominee through the chosen death benefit payout option if the life assured passes away during the policy term. This variant is suitable for individuals seeking comprehensive life cover without a maturity benefit.

What is the Life Shield Plus Variant?

The Life Shield Plus variant builds on the Life Shield benefits by including an Accidental Death² Benefit. If the life assured dies due to an accident during the applicable cover period, the nominee receives the accidental death² benefit in addition to the base death benefit, subject to the policy terms and conditions. This variant may be suitable for individuals who want additional financial protection against accidental² risks.

What is the Life Shield ROP Variant?

The Life Shield ROP (Return of Premium) variant combines life insurance protection with a maturity benefit. If the life assured survives the policy term and all applicable policy conditions are met, the eligible premiums paid are returned at maturity. This variant may be suitable for individuals who prefer life cover along with the return of premiums paid upon policy maturity.

Which Bajaj Life eTouch II Variant Should You Choose?

Each variant is designed as per the different insurance and financial protection needs of diverse individuals. You can select the variant based on your financial priorities. If you are looking for affordable life cover, Life Shield may be a good fit. If you wish to give an additional financial protection blanket to your family, such as protection against accidental death², consider Life Shield Plus.

If you prefer to receive the premiums back upon surviving the policy term, Life Shield ROP may be a suitable option, subject to the policy terms and conditions.

Bajaj Life eTouch II: Inclusions and Exclusions

Depending on the variant you select, there are specific inclusions and exclusions available. Bajaj Life eTouch II offers you a combination of life insurance protection and value-added benefits designed to support your family's financial security. Here are the main inclusions, based on the variants you choose:

Inclusion	Availability Under the Plan
Death Benefit	All Variants
Terminal Illness Benefit	All Variants
Waiver of Premium on Accidental Total Permanent Disability (ATPD) or Terminal Illness	All Variants
Accidental Death² Benefit	Available under the Life Shield Plus variant
Return of Premium on Maturity	Available under the Life Shield ROP variant
Auto Cover Continuance Benefit	Available under all three variants
Premium Holiday	Available under all three variants
Early Exit Value¹	Available under Life Shield and Life Shield Plus variants
Optional Riders	Available at an additional premium, subject to eligibility and policy terms
Health Management Services	Available with all the variants, subject to applicable terms and conditions

Plan Exclusions

Here are some of the key limitations and exclusions that you should know:

Suicide Clause

If the Life Assured dies due to suicide within 12 months from the date of commencement of risk or from the date of policy revival, the Death Benefit will not be payable

Variant-Specific Benefits

Not all benefits are available under every variant of Bajaj Life eTouch II. For instance, the Accidental Death² Benefit is available only under the Life Shield Plus variant, while the Return of Premium benefit is available only under the Life Shield ROP variant.

Accident and Disability Claims

The benefits are subject to specific definitions and exclusion list. Such benefits may not be payable in certain circumstances specified in the policy, such as when the event results from a breach of law with criminal intent.

Eligibility Conditions

Certain benefits, such as the Terminal Illness Benefit, Waiver of Premium and optional rider benefits, are payable only when the eligibility criteria and conditions specified in the policy are met.

Note: The above points are only a summary of some key exclusions and limitations under Bajaj Life eTouch II and should not be treated as a comprehensive list. The applicability of benefits is subject to the policy terms and conditions, definitions, exclusions, underwriting guidelines and the selected plan variant. Please refer to the policy document or contact us to understand the complete details before purchasing the plan.

How to Buy Bajaj Life eTouch II?

Buying Bajaj Life eTouch II is a simple online process. Follow these steps to choose the suitable coverage, complete your application and secure financial protection for your loved ones.

Here is how you can buy the plan:

Identify Your Life Insurance Need

Start by assessing why you need a term insurance plan. Consider your family's financial responsibilities, future goals, outstanding loans and income replacement needs.

Decide How Much Life Cover You Need

In case of an unfortunate event, the sum assured should be enough to adequately support your family’s obligations and lifestyle needs. You should carefully calculate the life cover based on your income, liabilities, future expenses, and other financial needs.

Choose Your Policy Term and Premium Payment Term

You need to choose the period for which you want the cover to remain active along with the premium paying periods which should be based on your personal financial needs.

Select the Features That Matter to You

Identify the benefits that are important for your financial needs, such as Return of Premium⁴, Accidental Death² Benefit, Premium Holiday, Auto Cover Continuance Benefit or Early Exit Value¹, depending on the available plan variant.

Choose the Appropriate Plan Variant

Select the variant that matches the features you require:

Life Shield
Life Shield Plus
Life Shield ROP

Decide the Death Benefit Payout Option

Choose whether your nominee should receive the death benefit as:

Lump sum
Monthly income
Combination of both

Select Your Premium Payment Frequency

Choose the premium payment frequency: yearly, half-yearly, quarterly or monthly (where applicable). The premium payable depends on factors such as age, gender, smoking status, sum assured, policy term, premium payment term, selected variant, underwriting assessment and applicable discounts.

What are the Eligibility Criteria for Bajaj Life eTouch II?

The table below summarises the key eligibility conditions for each plan variant to help you determine whether the plan aligns with your protection needs.

Parameter	Life Shield	Life Shield Plus	Life Shield ROP
Minimum Entry Age	18 years	18 years	18 years*
Maximum Entry Age	65 years**	65 years**	65 years**
Maximum Maturity Age	99 years	99 years***	85 years
Minimum Policy Term	99 minus Age at Entry	99 minus Age at Entry***	10 years
Maximum Policy Term	Up to age 99	Up to age 99***	50 years
Premium Payment Term	Limited Premium	Limited Premium	Limited Premium or Equal to Policy Term
Minimum Sum Assured	₹50 lakh	₹50 lakh	₹50 lakh
Maximum Sum Assured	No predefined upper limit, subject to the company's underwriting policy and eligibility assessment.	No predefined upper limit, subject to the company's underwriting policy and eligibility assessment.	No predefined upper limit, subject to the company's underwriting policy and eligibility assessment.
Premium Payment Frequency	Yearly, Half-yearly, Quarterly or Monthly	Yearly, Half-yearly, Quarterly or Monthly	Yearly, Half-yearly, Quarterly or Monthly

*For the Pay till Age 60 option under Life Shield ROP, the minimum entry age is 25 years.

**For the Pay till Age 60 option, the maximum entry age is 55 years.

***Under Life Shield Plus, the Accidental Death Benefit cover is available up to age 85.

The above eligibility criteria are for cover up to age 99

Note: Bajaj Life eTouch II is available for purchase through the online channel. All ages refer to the age of the life assured as on the last birthday. The sum assured must be selected in multiples of ₹1,00,000 and is subject to the company's prevailing Board Approved Underwriting Policy (BAUP). For the Life Shield ROP variant under the Limited Premium option, the policy term must exceed the premium payment term by at least five years. Premium rates for female lives are offered with a three-year age setback, as per the product terms.

Why Consider Bajaj Life eTouch II in 2026?

As financial responsibilities evolve and people increasingly acknowledge the importance of life insurance as a critical part of personal financial management, more than ever, you must opt for a plan that offers flexibility and comprehensive protection.

The plan offers three variants to suit your exact insurance needs. It has flexible death benefit payout options, Premium Holiday, Auto Cover Continuance Benefit, optional riders at nominal extra cost and Health Management Services, allowing individuals to customise their life insurance protection according to their financial needs and life stage, subject to the policy terms and conditions.

What Should You Look for When Buying Bajaj Life eTouch II?

When buying a term insurance plan, consider factors such as adequate life cover, claim settlement record, policy flexibility, premium affordability and available riders. Evaluating these aspects can help you choose a plan that meets your insurance protection needs.

Adequate Life Cover

You need to select a life cover that would support your family’s financial needs in case of a mishap. Your family should have enough financial assistance to cover liabilities and maintain a certain level of lifestyle and this is why many financial experts recommend a cover of 10–15 times your annual income, although the exact amount depends on your liabilities and financial goals.

Claim Settlement Ratio^~

Review the insurer's claim settlement record, as it indicates the company's claims-servicing performance.

Solvency Ratio

The solvency ratio indicates an insurer's financial strength and its ability to meet long-term policyholder obligations. A higher solvency ratio^{^^^} generally reflects a stronger financial position (of the insurer).

Policy Payout Flexibility

Choose a plan that offers flexible death benefit payout options, such as a lump sum, monthly income or a combination of both, based on your family's financial needs.

Affordable Premium

Select a premium that fits your budget without compromising the level of life cover required.

Policy Term and Premium Payment Options

Consider a policy term that covers your key earning years and choose a premium payment term that aligns with your financial planning.

Additional Riders

Evaluate the optional riders available at a nominal extra cost to enhance your life insurance protection against specific risks, subject to your individual needs.

Premium Discounts Available Under Bajaj Life eTouch II

Bajaj Life eTouch II offers multiple premium discounts for eligible customers, subject to the applicable terms and conditions.

Discount	Eligibility
Discount	Benefit
Online Purchase / Web Aggregator Discount	6% discount on the first-year premium
Salaried Individual Discount	5% discount on the first-year premium
First-Time Life Insurance Buyer Discount	5% discount on the first-year premium
Loyalty Discount	1% discount throughout the Premium Payment Term for eligible existing Bajaj Life Insurance customers
Staff Discount	4% discount throughout the Premium Payment Term

Who May Not Find Bajaj Life eTouch II Suitable?

Bajaj Life eTouch II is designed for individuals seeking life insurance protection to help financially safeguard their loved ones in the event of an unforeseen incident. While the plan may align well with certain protection needs, customers should consider their financial goals, existing insurance coverage, premium payment commitment, and overall financial requirements before making a purchase decision.

The plan may be less aligned with the needs of: Individuals looking primarily for investment returns
Individuals already having adequate life insurance coverage
Individuals seeking short-term financial products
Individuals unable to commit to regular premium payments

What Riders Are Available with Bajaj Life eTouch II?

Optional riders allow you to enhance your base term insurance cover by providing additional protection against specific life events, subject to the rider terms and conditions. Bajaj Life eTouch II offers the following riders at an additional cost to help you customise your coverage.

Bajaj Life New Critical Illness Benefit Rider
Bajaj Life Accidental Death Benefit Rider II (Available with selected variants only)
Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider II
Bajaj Life Family Protect Rider
Bajaj Life Care Plus Rider Non-linked

Note: The availability, eligibility and benefits of each rider are governed by the respective rider terms and conditions.

What are the Health Management Services available under Bajaj Life eTouch II?

One of the features of the Bajaj Life eTouch II is the complimentary HMS (Health Management Services), designed to support overall health and wellbeing. The services help you avail a range of preventive healthcare and wellness facilities, with different services available for male and female policyholders.

Details of HMS for Male Policyholders

Sr. No.

Value-added 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

Details of HMS for Female Policyholders

VALUE ADDED SERVICE

FREQUENCY

COST (₹)

Comprehensive Health Check-Up:
• Cancer Screening
• Diabetic, Thyroid, Lipid profile tests
• Calcium Serum test
• Complete Blood Count test

1 per year

₹3,500

OPD in-clinic consultations
(Specialist doctors like Gynaecologist, Obstetrician, Dermatologist, Paediatrician, Orthopaedic & General Physician)
OPD – Outpatient Department

1 per year

₹1,000

Pregnancy OPD^† wallet
(OPD^† benefit worth ₹ 2,000 unlocked in case of pregnancy)

Once during policy term

Not considered in yearly cost since this is available once during policy term

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%
Out-patient consultation (O) - 10%
In-patient consultation (P) - 5%

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
O - ₹ 5,000	₹ 500
P - ₹ 10,000	₹ 500

Total per year as per assumptions

₹36,500

The stated values are based on the estimated average market price and assumed usage frequency of the listed services. Doctor Insta-Consultations and Health Coach Services are unlimited, and the estimates are provided solely to illustrate the annual value of the available benefits.

Health Management Services are provided at no additional cost with the plan and are subject to the applicable terms and conditions.

Bajaj Life reserves the right to commence/discontinue the service/s or change the service provider/s at any time

What Tax Benefits are available in Bajaj Life eTouch II?

Bajaj Life eTouch II may offer tax benefits on the premiums paid and the policy benefits, subject to the prevailing provisions of the Income-tax Act and the applicable policy terms and conditions. As tax laws are subject to change, you should consult your tax advisor to determine your eligibility before claiming any tax benefit:

Premiums Paid

Tax benefits as per the prevailing Section 123 (under the old tax regime) of the Income-tax Act.

Death Benefit

Tax benefits as per the prevailing Section 11 read with Schedule II, Sr. No. 2 of the Income-tax Act.

Premium Calculator

Use the Bajaj Life eTouch II Premium Calculator to estimate the premium payable based on factors such as your age, gender, smoking status, sum assured, selected variant, policy term and premium payment term. The calculated premium is indicative and subject to underwriting and the applicable policy terms and conditions.

How to Intimate a Claim?

Bajaj Life Insurance offers multiple claim intimation channels to help nominees report a claim conveniently. You can initiate a claim through any of the following modes:

Bajaj Life Insurance Mobile App

Bajaj Life Insurance Website

Bajaj Life Branch Office

Please refer to the Claims section for the detailed claim process, documentation requirements and applicable terms and conditions.

Documents Required For Buying Bajaj Life eTouch II

To purchase Bajaj Life eTouch II, you may be required to submit identity, address, age and income proof, along with medical documents wherever applicable. The exact documentation may vary depending on the proposal and underwriting requirements.

Identity Proof (any one of them)

PAN Card
Aadhaar Card
Passport / Voter ID

Address Proof (any one of them)

Aadhaar Card
Utility Bills
Passport

Income Proof (any one of them)

Salary slips
Bank statements
Income Tax Returns
Retirement corpus statements (for NPS/EPF)

Age Proof (any one of them)

Birth certificate
10th/12th mark sheet
Passport

Medical Reports (if required)

Based on age and purchase price

Common Customer Queries

Customer Query	Quick Answer
I'm buying term insurance for the first time. Is Bajaj Life eTouch II suitable for me?	The plan offers multiple variants, allowing first-time buyers to choose protection based on their financial responsibilities and future goals.
I'm already covered by my employer. Do I still need this plan?	Employer-provided life insurance may not continue if you change jobs, and the cover may not always be sufficient for your family's long-term needs.
At what age should I buy a term insurance plan?	Buying life insurance earlier may help you secure a life cover at a comparatively lower premium, subject to underwriting.
How do I decide the right sum assured for my family?	Consider your income, outstanding liabilities, future financial goals and the financial needs of your dependants before deciding the life cover.
What should I compare before buying a term insurance plan?	Look beyond the premium. Compare life cover, policy flexibility, claim settlement record, available features and optional riders before making a decision.

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Bajaj Life eTouch II FAQs

Is Bajaj Life eTouch II available online?

Yes. Bajaj Life eTouch II is available for purchase through the online channel at www.bajajlifeinsurance.com. Policies purchased online are eligible for an additional 6% discount on the first-year premium, subject to the applicable terms and conditions.

Can I buy Bajaj Life eTouch II if I already have employer-provided life insurance (corporate insurance)?

Yes. Employer-provided life insurance is generally linked to your employment, and the coverage may end when you change jobs or retire. The sum assured may also not be sufficient to meet your family's long-term financial needs. Buying an individual term insurance plan such as Bajaj Life eTouch II can provide dedicated financial protection that remains under your control, subject to the policy terms and conditions.

Does opting for the Premium Holiday feature increase my premium?

The premium is determined at policy inception based on the number of Premium Holidays (1, 2 or 3 policy years) selected under the plan.

What is the Auto Cover Continuance Benefit in Bajaj Life eTouch II?

The Auto Cover Continuance Benefit allows you to defer premium payments for up to 12 months while keeping all policy benefits intact, subject to the applicable policy terms and conditions.

How many times can I use the Auto Cover Continuance Benefit?

You can avail the Auto Cover Continuance Benefit multiple times during the policy term, provided there is a minimum gap of five policy years from the expiry of the previous Auto Cover Continuance Benefit.

Do I need to pay any additional premium during the Auto Cover Continuance Benefit period?

No. You are not required to pay any additional premium to maintain your life cover during the Auto Cover Continuance Benefit period.

What is the Early Exit Value¹ in Bajaj Life eTouch II and how does it work?

Customers can exercise the Early Exit Value¹ feature and receive the premiums paid along with underwriting extra premiums paid, as per the applicable policy terms and conditions.

Does Bajaj Life eTouch II offer life cover up to age 99?

Yes. Under the Life Shield and Life Shield Plus variants, you can choose a policy term that provides life cover up to age 99, subject to the minimum policy term requirements. Under the Life Shield Plus variant, the Accidental Death² Benefit is available up to age 85. Under the Life Shield ROP variant, the maximum policy term is 50 years.

How does the Accidental Death Benefit (ADB) under Life Shield Plus work?

If death occurs due to an accident during the ADB cover period (up to age 85), the nominee receives the ADB Sum Assured in addition to the regular Death Benefit. ADB can be set at 10%–100% of the base sum assured, with a minimum of ₹5 lakh and a maximum of ₹2 crore. For example, if the base sum assured is ₹1 crore and ADB is ₹1 crore, the total family payout on accidental death is ₹2 crore. ADB is always paid as a lump sum regardless of the death benefit payout format chosen for the base benefit.

What is the Terminal Illness Benefit and how is it paid?

If the Life Assured is diagnosed with a terminal illness (certified likely to cause death within 6 months) during the policy term: if the sum assured is ₹2 crore or less, the full sum assured is paid and the policy terminates; if the sum assured exceeds ₹2 crores, ₹2 crores is paid immediately, the policy continues for the balance sum assured with all future premiums waived, and the balance is paid on death. The Terminal Illness Benefit is an acceleration of the Death Benefit — not an additional benefit.

What happens if I am permanently disabled due to an accident?

Under all three variants, if the Life Assured suffers Accidental Total Permanent Disability (ATPD), all future premiums are waived, and the policy continues in full force. Under Life Shield ROP, the full Maturity Benefit also remains payable at the end of the policy term, even if ATPD triggers a premium waiver — providing both disability protection and maturity assurance in one.

How does the Return of Premium work under Life Shield ROP?

If the Life Assured survives the full policy term under Life Shield ROP, the Total Premiums Paid³ are returned as a Maturity Benefit. If no TI claim was made, 100% of premiums are returned. If a partial TI benefit was paid earlier, the maturity benefit is proportionally reduced. The payout can be taken as a lump sum or in 5 yearly instalments, with each instalment equal to the maturity benefit divided by 5 and enhanced by 20%.

How does the Premium Holiday work?

You can skip premium payments for 1, 2, or 3 policy years (chosen at inception, cannot be changed) with your full life cover remaining intact. The first holiday is available after 5 completed policy years, provided all prior premiums have been paid. If multiple holidays are chosen, each subsequent holiday must be at least 5 policy years after the previous one. The feature requires both the policy term and PPT to be 20 years or more. Premiums not paid during a holiday are excluded from Total Premiums Paid³ for maturity calculations under Life Shield ROP.

What is the Early Exit Value¹ and who can avail it?

Under Life Shield and Life Shield Plus, once you complete 25 policy years and are at least 60 years old, you can exit voluntarily and receive all premiums paid back in full. This option cannot be exercised in the last 5 years of the policy and is not available if a Life Stage Upgrade has been taken. No additional premiums are needed — the policy terminates on payment. Early Exit Value¹ is not available under Life Shield ROP.

Can I increase my sum assured after buying the Bajaj Life eTouch II policy?

Yes, under Life Shield and Life Shield Plus — not under Life Shield ROP. Before age 45, you can increase your sum assured at five life events without fresh medical underwriting: marriage (50%, max ₹50 lakh), birth/adoption of 1st child (25%, max ₹25 lakh), birth/adoption of 2nd child (25%, max ₹25 lakh), home loan (25%, max ₹50 lakh), education loan for child (25%, max ₹25 lakh). Total upgrade is capped at 100% of original sum assured. Once increased, it cannot be decreased.

How can my family receive the death benefit in Bajaj Life eTouch II?

You choose at inception: 100% lump sum; 100% monthly income over 5, 10, 20, 30, or 40 years; or a combination — 10%–90% as lump sum and the rest as monthly income for the chosen period. Even after income payments have started, the nominee can convert all remaining future instalments into a lump sum at a 5% discounted present value.

What is the Auto Cover Continuance Benefit in Bajaj Life eTouch II?

This feature lets you defer a premium payment by up to 12 months without any interest or late fee, while maintaining full risk cover. You can use it multiple times during the PPT, with at least a 5-year gap between uses and after at least 3 completed policy years. You must inform the company at least 30 days (15 days for monthly mode) before the premium due date. At the end of the period, the deferred premium plus the next due premium must both be cleared by the end of the grace period. The Benefit shall not be available during the last year of the premium paying term. If the outstanding premium and the next due premium by the end of the grace period (for the next due premium) are not paid, the policy will be converted into a lapsed/paid-up policy, as applicable.

What riders are available with Bajaj Life eTouch II?

You can enhance your coverage with five optional riders: Bajaj Life Family Protect Rider; Bajaj Life New Critical Illness Benefit Rider; Bajaj Accidental Death Benefit Rider II (available with Life Shield and Life Shield ROP only); Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider; and Bajaj Life Care Plus Rider Non-Linked

What is a free look period?

You have 30 days from the date of receipt of the policy document to review the terms and conditions. If you disagree with any terms and have not made a claim, you may return the policy for cancellation. Premiums are refunded after deductions for proportionate risk premium for the cover period, stamp duty, and any medical examination expenses. The refund is processed within 7 days.

What tax benefits are available with Bajaj Life eTouch II?

Premiums paid towards Bajaj Life eTouch II may qualify for tax benefits under the applicable provisions of the Income-tax Act, subject to the prevailing tax laws and policy terms and conditions. In addition, the death benefit paid to the nominee may also be eligible for tax benefits, as per the applicable provisions of the Income-tax Act. Since tax laws may change from time to time and the tax treatment depends on your individual circumstances, you should consult your tax advisor before claiming any tax benefit.

What is the Claim Settlement Ravatio of Bajaj Life Insurance Limited?

The Claim Settlement Ratio is 99.33%^~ for FY 25-26.

Read All

Disclaimers:

¹Early Exit Value is available with Life Shield & Life Shield Plus variants not available if Life Stage Upgrade Sum Assured has been taken in the base policy

²Accidental Death Benefit is available with Life Shield Plus variant

³Total Premiums paid shall be the total of all premiums received, exclusive of taxes, extra premium, loadings for modal premiums, if any. Please note that cess, if any, will be collected over and above the premium under the policy.

⁴Return of Premium (in a lump-sum or in instalments) is available with Life Shield ROP variant

* Above pricing details are for online Channel | Standard Life | Indian Resident |Medical Rates | Yearly Premium Payment Mode | The premium shown above are exclusive of any extra premium loading and any other applicable tax, subject to changes in tax laws and is for illustrative purpose only

^~Individual death claim settlement ratio FY-2025-26, as on 31st March, 2026 | ^{^^^}Solvency ratio 266% as at 31st March, 2026 IRDAI mandated 150% |^##Individual and group, as on 31st May, 2026 | ^***Asset under management (AUM) ₹1.40 lakh crore as on 31st May, 2026 |^*All figures are from FY 2006-07 to June 2026.

**Above illustration is considering Male aged 23 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. 4,775. 2nd Year onwards premium Rs. 5,176. Total Premium Rs. 1,54,879 | Medical Rates | Yearly 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.

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company 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 Statements: Bajaj Life Insurance Limited and Bajaj Life eTouch II are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance. com) carefully before concluding a sale Red. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006. IRDAI Reg. No.: 116. CIN: U66010PN2001PLC015959, call us on Customer Care Number: 020-6712 1212, Mail us: customercare@bajajalife.com. | Bajaj Life eTouch II (UIN: 116N198V09 is A Non-linked Non- Participating Individual Life Insurance Term Plan. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

Bajaj Life New Critical Illness Benefit Rider (UIN: 116B058V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Health Rider

Bajaj Life Accidental Death Benefit Rider II (UIN: 116B063V01) is a Non-Linked, Individual, Pure Risk Life Insurance rider

Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider II (UIN: 116B064V01) is a Non linked, Individual, Health, Pure Risk Premium Rider

Bajaj Life Family Protect Rider (UIN: 116B056V01) is a Non-linked, Non-participating, Individual, Pure Risk Health Rider

Bajaj Life Care Plus Rider Non-linked (UIN: 116B062V01) is a Non-Participating, Non-Linked, Individual, Pure Risk Health Rider

Rider can be taken only along with a base life insurance plan at additional cost, as per the availability and product term and conditions.

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.

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.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra

Email: customercare@bajajlife.com | Customer Care No.: 020 6712 1212

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.

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Disclaimer

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.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

Claim Settlement Ratio of 99.33%^~

Bajaj Life eTouch II

What is Bajaj Life eTouch II?

Key Features of Bajaj Life eTouch II

Who should buy Bajaj Life eTouch II?

Pricing Details and Illustration

Why is it important to buy a Term Plan in India in 2026?

Bajaj Life eTouch II Specifications

What Plan Options Are Available Under Bajaj Life eTouch II?

What is the Life Shield Variant?

What is the Life Shield Plus Variant?

What is the Life Shield ROP Variant?

Which Bajaj Life eTouch II Variant Should You Choose?

Bajaj Life eTouch II: Inclusions and Exclusions

Plan Exclusions

Suicide Clause

Variant-Specific Benefits

Accident and Disability Claims

Eligibility Conditions

How to Buy Bajaj Life eTouch II?

What are the Eligibility Criteria for Bajaj Life eTouch II?

Why Consider Bajaj Life eTouch II in 2026?

What Should You Look for When Buying Bajaj Life eTouch II?

Premium Discounts Available Under Bajaj Life eTouch II

Who May Not Find Bajaj Life eTouch II Suitable?

What Riders Are Available with Bajaj Life eTouch II?

What are the Health Management Services available under Bajaj Life eTouch II?

Details of HMS for Male Policyholders

Details of HMS for Female Policyholders

What Tax Benefits are available in Bajaj Life eTouch II?

Premium Calculator

How to Intimate a Claim?

Documents Required For Buying Bajaj Life eTouch II

Common Customer Queries

Bajaj Life eTouch II FAQs

Is Bajaj Life eTouch II available online?

Can I buy Bajaj Life eTouch II if I already have employer-provided life insurance (corporate insurance)?

Does opting for the Premium Holiday feature increase my premium?

What is the Auto Cover Continuance Benefit in Bajaj Life eTouch II?

How many times can I use the Auto Cover Continuance Benefit?

Do I need to pay any additional premium during the Auto Cover Continuance Benefit period?

What is the Early Exit Value1 in Bajaj Life eTouch II and how does it work?

Does Bajaj Life eTouch II offer life cover up to age 99?

How does the Accidental Death Benefit (ADB) under Life Shield Plus work?

What is the Terminal Illness Benefit and how is it paid?

What happens if I am permanently disabled due to an accident?

How does the Return of Premium work under Life Shield ROP?

How does the Premium Holiday work?

What is the Early Exit Value1 and who can avail it?

Can I increase my sum assured after buying the Bajaj Life eTouch II policy?

How can my family receive the death benefit in Bajaj Life eTouch II?

What is the Auto Cover Continuance Benefit in Bajaj Life eTouch II?

What riders are available with Bajaj Life eTouch II?

What is a free look period?

What tax benefits are available with Bajaj Life eTouch II?

What is the Claim Settlement Ravatio of Bajaj Life Insurance Limited?

What is the Early Exit Value¹ in Bajaj Life eTouch II and how does it work?

What is the Early Exit Value¹ and who can avail it?