A Review on Bajaj Allianz eTouch Online Term Insurance Plan

*Please note that the quotes shown will be from

Term insurance plans are the purest, cheapest and the simplest form of insurance products available in the market. As there are numerous insurance companies that are coming up with an array of term insurance products, which can be customized according to the requirements of the customers, Bajaj Allianz life insurance company limited , a well-known name in the insurance sector, has launched its first online term plan - ‘eTouch’.

Bajaj Allianz eTouch Online term Plan is a complete protection plan that is structured to safeguard the future of your loved ones from future uncertainties of life. This is a regular premium paying pure term plan that also provides health cover. The plan provides life cover along with the combined benefits of accidental death and disability (total and/or permanent), as well as critical illness. Moreover, waiver of premium rider is one of the many add-on benefits offered by this online term plan.

The below table shows the eligibility criteria and other details of the policy:

Shield- The variant Shield provides life coverage plus waiver of premium benefit to the insured in case of accidental total permanent disability. Under shield, the death benefit is payable in case of the demise of the life assured. As soon as the sum assured on death is paid out to the beneficiary of the policy, the policy terminates.

Shield Plus- Shield Plus provides life coverage plus waiver of premium benefit to the insured in case of accidental total permanent disability. Under shield Plus the benefit is payable in case-

1)  An amount equal to the sum assured will be paid as Accidental Total Permanent Disability or ATPD benefit. The payable amount is Subject to a maximum of Rs.2 crore.

2)  All future premiums under the policy will be waived off and the policy will continue.

Shield Super- The variant Shield Super offers life coverage as well as Accidental death benefit cover, Accidental total permanent disability cover and the waiver premium benefits.

Under Shield Super, the benefits are payable:

1)  An amount equal to the sum assured will be payable as ATPD benefit (Subject to a maximum of Rs2crore)

2)  The entire future premium under the policy will be waived off and the policy will continue along with its all remaining benefits.

1)  Sum assured on death plus an amount is equal to the sum assured, which is the maximum of Rs2 crore will be paid as an accidental death benefit and the policy will be terminated.

2)  In the case of demise of the life insured the sum assured as death benefit will be paid and the policy will be terminated.

Shield Supreme- The Shield Supreme variant offers accelerated critical illness benefit along with the ATPD benefit and the waiver of premium benefit in case of Accidental disabilities or Critical Illness (CI).

Under this variant, the benefits are payable:-

1) 75% of the sum assured as ACI benefit subject to a maximum of Rs75,00,000 will be paid to the insured person unless any ACI benefit for Angioplasty has already been paid.

2) 75% of the sum assured subject to maximum Rs75,00,000 and minimum Rs5,00,000 will be paid as remaining ACI benefit in case the benefit under ACI has already been paid for Angioplasty before.

3)  All future premiums will be waived off once the ACI benefits are paid and the policy will continue with all its remaining benefits.

As it is an online term plan of Bajaj Allianz life insurance , this plan is time-convenient and saves you from the hassle of paperwork. To sum up, Bajaj Allianz eTouch online term insurance plan is a complete life insurance solution that focuses on providing a complete protection against the 3 Ds of life- Death, Disease, and Disability.

You may also like to read: 10 Reasons To Get Term Life Insurance – Online!

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