A Review on Bajaj Allianz eTouch Online Term Insurance Plan
Bajaj Allianz Life eTouch Online Term Insurance Plan is a pure term insurance plan that ensures financial protection for your family. This term plan provides cover on occurrence of death & Accidental total and permanent disability. It pays the life benefit to the family that takes care of expenses such as child’s education/marriage, loan repayment or other expenses.
This bajaj allianz term insurance plan can be bought online and ensures peace of mind as well.
Key Features
- Comprehensive & affordable protection
- Coverage till 75 years
- Inbuilt Waiver of premium benefit
- Four variants to boost protection
- Benefits as a lump sum or monthly installments
- Premium discount for non-tobacco users
- Buy plan online
- Avail tax benefits
Plan Benefits
- Death Benefit
In case of unfortunate demise of the life insured within the policy period, the death sum assured is payable to the nominee, depending on the variants and payout option chosen.
You can choose from 4 variants.
- Shield: Sum Assured on Death with Waiver of Premium (on Accidental total and permanent disability)
- Shield Plus: Sum Assured on Death with Waiver of Premium (on Accidental total and permanent disability) plus ATPD Benefit\
- Shield Super: Sum Assured on Death with Waiver of Premium (on Accidental total and permanent disability) plus ADB plus ATPD Benefit.
- Shield Supreme: Sum Assured on Death with Waiver of Premium (on ATPD OR CI) plus Accelerated CI Benefit plus ATPD
Tax Benefit
Under this plan, you can avail tax benefit under section 80C for the premiums paid and the payouts, including Death, accidental death, accidental permanent total disability and critical illness are eligible to get tax benefit under section 10(10D) of the Income Tax Act, 1961.
Premium Illustration
Mr. Abhishek aged 30 years buys a Bajaj Allianz Life eTouch Online Term plan with Shield Plus Variant. He chooses this plan with the policy term of 20 years, annual premium of Rs 17,273 and sum assured of Rs 3 Crores.
Death Benefit
On unfortunate death of Abhishek, his nominee gets Rs 3 crores (Sum Assured on Death) and the policy terminates after payment of this benefit.
Disability Benefit
At 40 years of age, Abhishek meets with a road accident that leads to a total permanent disability. Due to this disability, he will receive Rs 2 crores as an additional sum assured. All the future premiums are waived and the policy continues.
Conclusion
As it is one of the topmost Bajaj Allianz term insurance plans, this plan ensures comprehensive financial protection for you & your family against an unfortunate event during the policy term. This online term plan is available online, so you can enjoy hassle-free procedure to buy this plan and ensure financial security for your family, in the event of a mishap.
Source: https://www.comparepolicy.com/blogs/bajaj-allianz-etouch-online-term-insurance-plan/
