Bajaj Allianz Life Insurance Co. Ltd.

Bajaj Allianz Life is a joint venture between Bajaj Finserv Limited (India’s most diversified Non banking financial services company) and Allianz SE ( German multinational financial services company).

Bajaj Allianz Life Insurance Review - Paisa kaudi
Bajaj Allianz Life Insurance Review – Paisa kaudi

Bajaj Allianz Life Overview

  • Bajaj Allianz life is one of the leading life insurance companies in India.
  • They started their operations in the year 2001.
  • They serve millions of customers through its 509 branches and 96,000+ agents across India.
  • They specialize in products like Term Insurance, ULIP, Savings, Health and Retirement solutions.

CEO and Contact Details of Bajaj Allianz Life

Managing Director and CEOMr. Tarun Chugh
Corporate Office AddressBajaj Allianz House, Airport Road, Yerawada, Pune – 411 006, Maharashtra
Contact No.Customer Care Helpline : 1800-209-7272
For NRI : +91 20 67688888 (Call charges apply)
Email IDCustomer Service :
Sales Enquiry :
Cyber Cell :
Employee count10,000+
Assets Under
Management (AUM)
₹ 73,773 Crores (As on Mar 31, 2021)
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Bajaj Allianz Life Details

Bajaj Allianz Life Term Insurance Plans

  • Term insurance is the most affordable way to keep your family’s life goals on track in your absence.
  • Term insurance is the simplest and purest form of life insurance.
  • The premium of a term plan depends on many factors such as age, gender, ppt, policy term, sum assured, etc.
  • Bajaj Allianz Life has a variety of term plans based on different needs of the customers.

Lets, check the list of term insurance plans from Bajaj Allianz Life. Click on the plans to get the detailed review of it.

Product NameUIN No
Bajaj Allianz Life Smart Protect Goal
Bajaj Allianz Life eTouch Online Term Plan
Bajaj Allianz Life iSecure
Bajaj Allianz Life Saral Jeevan Bima
Bajaj Allianz Life – Term Plans

Claims process of Bajaj Allianz Life

Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. Bajaj Allianz life makes sure that claim registration is simple, hassle-free.

Click here to get the Bajaj Allianz Life claim process in detail

Bajaj Allianz Life Claim Settlement Ratio

  • Claim settlement ratio is the percentage of claims settled out of the total number of claims filed in a financial year.
  • Higher the percentage, better is the insurer.
  • IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.

For example : Let’s suppose Bajaj Allianz Life has received 100 claims in a financial year and it settles 95 in the same financial year. So the claim ratio of Bajaj Allianz Life will be (95/100) x 100 = 95% for the same financial year.

Claim settlement ratio of last 5 years of Bajaj Allianz Life

YearClaim Ratio
Bajaj Allianz Life Claim Settlement Ratio

Bajaj Allianz Life Claim Settlement Ratio Trend 2006 to 2022 >

Market share of Bajaj Allianz Life

It is the percentage of new business (first year + single) premium received out of the total new business premium received by all life insurance companies.

Market share of last 5 years of Bajaj Allianz Life

YearMarket Share
Bajaj Allianz Life – Market Share

Bonus Rates of Bajaj Allianz Plans

Every year Bajaj Allianz Life declares bonuses to their premier products which participate in profits.

Click here to Get Bonus Rates of All Bajaj Allianz Life Policies

Bajaj Allianz Life Branch Locator

We have made a list of Bajaj Allianz Life branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.

Check Bajaj Allianz Life Branch Near Me

Bajaj Allianz Life Insurance FAQs

What is the grace period of Bajaj Allianz Life?

Bajaj Allianz Life provides a 15 days grace period for monthly premium mode and 30 days for yearly, half-yearly and quarterly mode of premium.

Who is the CEO of Bajaj Allianz Life?

Mr. Tarun Chugh is the MD and CEO of Bajaj Allianz Life.

Bajaj Allianz Life started in which year?

Bajaj Allianz Life was started in 2001.

Who is the owner of Bajaj Allianz Life?

Bajaj Allianz Life is a joint venture between Bajaj Finserv Limited and Allianz SE.

Where is the headquarters of Bajaj Allianz Life?

Bajaj Allianz House, Airport Road, Yerawada, Pune – 411 006, Maharashtra

Which is the best Bajaj Allianz Life Term Plan?

Bajaj Allianz Life Smart Protect Goal, eTouch Online Term Plan, iSecure, Saral Jeevan Bima are the term plans with Bajaj Allianz Life.

How long does it take for a Bajaj Allianz Life death claim?

As per IRDAI, insurers should settle the death claim within 30 days.

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This covers all the topics on Bajaj Allianz Life Insurance. Please comment if you need any further information on this.

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