We are currently upgrading our systems and hence some sections of our website may be unstable. The inconvenience caused is regretted. Our customer service officers will contact you if you face any issues while making a purchase.
Welcome
 
Help and Support | Public Disclosures | Contact Us | Login | Site Map |
 
 
Bajaj Allianz Life Insurance

Term Insurance - New Risk Care II
(Toll Free) 1800-233-3355
020-66495000		 Click here for Live Chat  

High Insurance Coverage at Low Premium
 

New Risk Care II Term Insurance Plan Benefits:

  • Single Premium payment
  • Enhanced Protection options available through Additional Rider Benefits.
  • Rebates on premium in case of high sum assured.
  • In case of financial emergency, you have the option to surrender the Policy, provided you have opted for single premium payment option.
  • Tax benefits on premiums paid and benefits received under this Policy as per the existing Income Tax Laws.
  • Learn More
Term Insurance New Risk Care II Download Brochure
Buy New Risk Care II Term Insurance Plan
 
 
Get a call back to purchase Term Insurance New Risk Care II

I'm Interested - Call Me Back

Name
Mobile No.
Email Id
 
Get a call back to purchase Guaranteed Maturity Insurance Plan
---------------------------------------------------------------------------------------------------------------------------------
Learn More
  • Overview
  • Benefits
  • High Sum Assured Rebate
  • Example

You choose your Sum Assured, Policy Term and you are required to make regular premium installments or a one- time payment. In case of any unfortunate event before the maturity of the Policy, the nominee will receive the death benefit. There is no maturity benefit in this plan

Parameter Details
Minimum Entry Age 18 years
Maximum Entry Age 60 years
Maximum Age at Maturity 65 years
Minimum Policy Term 5 years
Maximum Policy Term 40 years
Premium Paying Frequency Yearly/ Half-yearly/Quarterly/Monthly/Single
Minimum Premium Rs. 1200 per yearly installment
Rs. 612 per half-yearly installment
Rs. 312 per quarterly installment
Rs. 108 per monthly installment
Rs. 5,000 for single premium
Maximum Premium No Limit
Minimum Sum Assured Rs. 2,00,000
Maximum Sum Assured No Limit
High Sum Assured Rebate On Sum Assured above Rs. 10,00,000

Accidental Riders Benefits
We offer you an option to choose from 3 riders to customize your plan and enhance your protection to suit your changing needs.

  • Comprehensive Accident Protection : Covers against Accident and Disability - UIN : 116C001V01 .
  • Critical Illness Benefit (CI) : Covers you against 11 defined critical diseases - UIN : 116C007V01.
  • Hospital Cash Benefit (HCB) : Reduces your burden against hospitalization expenses – UIN: 116C008V01.

(For complete details on riders, please refer to our Additional Rider Benefits Brochure. These additional Rider Benefits are available on regular premium policies only and not on single premium policies.)

Death Benefits
In case of unfortunate death during the term of the Policy the nominee will receive the full Sum Assured.

Tax Benefits
Premium paid will be eligible for tax benefit under Section 80C. The death benefit will be eligible for tax benefit under Section 10(10) D as per the prevailing tax laws.

Maturity Benefits
Since this plan is a pure term plan, there are no maturity benefits

High Sum Assured Rebate:
will be offered for all policies where the sum assured exceeds 10 lacs.

Regular Premium:
Sum Assured (SA) Amount of Rebate in Gross Premium
SA <= 10 lacs Nil
10 Lac < SA <= 25 lacs Rs 0.75 * (SA - 10 lacs)/1000
25 Lac < SA <= 1 crore Rs.1125 + Rs.0.90 * (SA - 25 lacs)/1000
SA > 1 Crore Rs.7875 + Rs. 1.00 * (SA - 1 Crore)/1000

Single Premium:
Sum Assured (SA) Amount of Rebate in Gross Premium
SA <= 10 lacs Nil
10 Lac < SA <= 25 lacs Rs 0.15 * y * (SA - 10 lacs)/1000
25 Lac < SA <= 1 crore Rs.225*y + Rs.0.25*y* (SA - 25 lacs)/1000
SA > 1 Crore Rs.2100*y + Rs.1.00* y*(SA - 1 Crore)/1000
Where 'y' is the policy term
Mr. Singh is a 30 years old healthy man and he wants to buy Bajaj Allianz New Risk Care II with a Sum Assured of Rs. 5,00,000. The approximate premium that he will have to pay would be:

Payment Mode Term (years)
10 15 20 25
Single Premium (Rs.) 6,740 9,940 13,335 17,405
Regular Annual Premium (Rs.) 1,210 1,340 1,390 1,490

*Above illustration is excluding Service Tax
 Email
websales@bajajallianz.co.in

Toll Free
1800-233-3355
Or

SMS LIFE @ 56070
     

Disclaimer: We take privacy seriously. Bajaj Allianz does not share your personal information with any third party. Please read our Privacy Policy here. Notwithstanding your registration as NDNC, fully/partially blocked and or your customer preference registration, by Filling this form confirms that you agree to receive a sales or service call from our employees/telecallers basing on information you have submitted here.
    Back to Top
 
  Insurance is the subject matter of solicitation.
Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDA Reg. No. 116 | An ISO 27001:2005 Certified Company | Tollfree: 1800-233-7272
Bajaj Allianz General Insurance Co. Ltd. All Rights Reserved. | IRDA Reg. No. 113 | ISO 27001 Certified Company | Tollfree: 1800-209-5858