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Bajaj Allianz Life Insurance Company Limited
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Extended life cover is a feature available in certain life insurance policies where the life cover continues beyond the original policy term. This extension typically requires additional premiums to be paid but provides continued coverage for a specified period, safeguarding beneficiaries financially in the event of the life assured's death during this extended duration. To know more about Extended Life Cover, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-05916/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Return of Life Cover Charges refers to a feature available in Unit Linked Insurance Plans (ULIP) in which the insurance company returns the charges deducted towards providing life cover to the life assured during the policy term. To know more about Return of Life Cover charges, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. AdCode: BJAZ-PC-EC-05606/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Premium is the regular payment made to the life insurance company, ensuring financial protection for the beneficiaries of the life insurance policy. The premium amount is determined by factors like age, health of the life assured, and the coverage one chooses. To know more about Premium, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-05604/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Return of Premium (ROP) is a feature in term life insurance plans in which the total premiums paid is returned to the policyholder if the life assured survives the policy term. To know more about Return of Premium, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. AdCode: BJAZ-PC-EC-05607/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Partial Withdrawal allows the policyholder to take out a portion of the accumulated fund value from their Unit Linked Insurance Policy (ULIP) without surrendering the policy. Partial Withdrawals are allowed after the lock-in period of 5 years during the policy term. To know more about Partial Withdrawal, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-05282/24 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
A policyholder in the context of life insurance is an individual/entity who owns an insurance policy, entitling them to the benefits and coverage as per the terms and conditions of the policy. To know more about Policyholder, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Adcode: BJAZ-PC-EC-05284/24 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Maturity Date is the predetermined date when a life insurance policy reaches the end of its policy term, usually after a certain number of years. At this point, if the life assured is still alive, they receive the policy's maturity benefit as per the terms and conditions of the policy. To know more about Maturity Date, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. BJAZ-PC-EC-04983/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
The term "Life Assured" refers to the person whose life is covered under the insurance policy. To know more about Life Assured, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj#LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
A Lapsed policy is a Life Insurance policy that is not active due to the non-payment of renewal premium. When a policy lapses, it means that the insurance coverage is no longer in effect, and the policyholder is no longer protected by the policy contract. A lapsed policy can be revived within a specific period as mentioned in the policy document by paying all the unpaid premiums along with applicable interest/charges. To know more about Lapsed policy, watch this easy-to-understand video, part of ‘Life Insurance Made Easy' a customer education initiative by Bajaj Allianz Life. For more videos, please visit the link: https://bit.ly/3Hv7rIj #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply Ad code: BJAZ-PC-EC-04857/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy