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Bajaj Allianz Term Insurance Claim Settlement

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Bajaj Allianz Term Insurance
Highlights
Claim Settlement Ratio98.48%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For11,887 Policies
Inception2001
Presence759 Branches
Total Death Benefit PaidRs. 310.71 Crore

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Bajaj Allianz Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.7%
Starting From ₹ 1132/Month
Key Features:
  • Right Green Tick Special Exit Benefit
See More Plans

Claim Settlement of Bajaj Allianz Term Insurance

Bajaj Allianz Life Insurance Company has a simple and fast claim settlement process. The insurance company has featured a high claim settlement ratio of 98.02% in the FY 2019-20. Bajaj Allianz Life Insurance Company strives to approve all the claims one day after receiving the claim intimation, if the claim does not require any kind of investigation.

  • How To Make Claim

    Bajaj Allianz Life Term Insurance Claim Settlement Process

    The claimant can request for the claim and submit it at any branch office of Bajaj Allianz Life. The nominee or claimant can visit the website of Bajaj Allianz Life to generate and download their claim intimation form. Bajaj Allianz Life term insurance claim settlement process is hassle-free.

    The process is as follows:

    Step 1: Claim Reporting

    The nominee/claimant needs to fill a form online on the Bajaj Allianz Life website and download it. Along with the form the nominee/claimant needs to attach the required documents and submit the form and documents at any nearest Bajaj Allianz Life Insurance branch.

    Step 2: Claim Processing

    At this stage the claim documents are assessed to avoid any possibility of deceit and to make sure that if any additional documents are needed they are submitted immediately.

    Step 3: Claim Settlement

    Once the required documents are collected and claims are assessed, the claim benefit amount is paid out to the nominee/claimant after a careful examination of the claim.

  • Documents Required

    Documents Required for Bajaj Allianz Life Term Insurance Claims

    Following is the list of documents required for Bajaj Allianz Life term insurance claims:

    • Original Policy Document
    • Copy/Original Death Certificate issued by local authority
    • Claim Intimation Form
    • Claimant’s Photo ID Proof
    • Claimant’s Address Proof
    • Bank Details like Copy of Cancelled Cheque/Bank Statement/ Bank Passbook
    • Copy of all medical reports like test reports, discharge summary or death summary.
    • Attending Physician’s Statement Form
    • Copy of FIR/Punchnama/Post Mortem Report

User Reviews

4.7
Rating based on
51 User reviews
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What users are saying
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  • Supportive Team

    I was hesitant about buying online term plans, but InsuranceDekho's advisors addressed all my questions with ease and patience. Now, I have a term plan of Bajaj Allianz that gives me peace of mind at an affordable price. Kudos to your whole team. 

    Read More

    T
    Bajaj Allianz
    By Twinkle dey
    On: Jun 20, 2024
  • Exceptional Assitance

    Getting insurance was easy with InsuranceDekho! The person I talked to listened and helped me get Bajaj Allianz Term Insurance. Now, I feel better knowing my family's future is safe. Big thanks to InsuranceDekho.

    Read More

    P
    Bajaj Allianz
    By Purva Taneja
    On: Mar 11, 2024
  • Great Experience

    My experience of buying the Bajaj Allianz Term Insurance plan from InsuranceDekho was amazing. The customer team was amazing they helped me in throughout the process from finding the best policy to the buying process and paperwork. Thanks to the InuranceDekho team who helped me in the process.

    Read More

    P
    Bajaj Allianz
    By Prateek Chauhan
    On: Feb 07, 2024
  • Good Coverage Plans

    I was looking for a term insurance plan that offers good coverage and the Bajaj Allianz Term Insurance plan offered it all. I purchased this term insurance from InsuranceDekho which was my best decision. The Customer service team helped me throughout the process of finding and buying this plan.

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    I
    Bajaj Allianz
    By Ishani Rawal
    On: Dec 11, 2023
  • Offered exciting features

    The reason why I decided to buy the Bajaj Allianz Term Insurance- iSecure Plan from InsuranceDekho was that the plan offered exciting features. 

    Read More

    M
    Bajaj Allianz
    By Maithreyi Moga
    On: Nov 24, 2023
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Bajaj Allianz Term Insurance Contact Details

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Claim Process at Bajaj Allianz Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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