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A type of life insurance policy that covers two lives under a single plan, typically taken by spouses. The payout is usually made upon the death of the first or second life assured, depending on the policy's terms and conditions. To know more about a joint life policy, with the help of an example, 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. IRDAI Reg. No.: 116. T&C Apply. AdCode: BJAZ-PC-EC-10996/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Premium redirection, in the context of life insurance, allows the reallocation of future premiums to different investment funds within a unit-linked insurance plan (ULIP), providing flexibility to adjust investments based on changing financial objectives. To know more about this feature, 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. IRDAI Reg. No.: 116. T&C Apply. Ad Code: BJAZ-PC-EC-10050/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Policy admin charges are fees deducted periodically by the life insurer to cover administrative expenses such as managing policy records, processing claims, and servicing the policy throughout its duration. To know more about these 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. IRDAI Reg. No.: 116. T&C Apply. Ad Code: BJAZ-PC-EC-10015/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
The claim settlement ratio is the percentage of life insurance claims a company has paid out compared to the total claims received. It represents the reliability of the life insurer in honouring policyholder claims. To know more about Claim Settlement Ratio, 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/3Hv7rIjhashtag#BajajAllianzLife hashtag#LifeGoalsDone hashtag#InsuranceSimplified hashtag#LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-09634/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
In a Life Insurance Policy, the proposer is the person who applies for the insurance policy and pays the premiums. They may or may not be the life insured, but they hold the policy ownership rights. To know more about a proposer, 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-08508/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
A bonus statement is a yearly document provided by the Life Insurer detailing any additional amounts (bonuses) added to the policyholder's participating Life Insurance policies. The bonus depends on the Life Insurance Company's performance. To know more about Bonus Statement, 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 #AUTOPAY Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-07192/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy #AUTOPAY
Autopay is a convenient feature offered by insurance companies that allows policyholders to automatically pay their premiums at regular intervals, usually monthly or annually, from their bank account or credit card. This helps ensure that payments are made on time without the need for manual intervention or the risk of missing out on paying due premiums. To know more about Autopay and understand it with an example, 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 #Autopay Bajaj Allianz Life Insurance Co. Ltd. T&C Apply. Ad Code: BJAZ-PC-EC-06499/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy #Autopay
A portfolio strategy involves diversifying the funds within your Unit Linked Insurance Policy as per your risk appetite, with the goal of optimizing returns while aligning with your life goals to ensure financial security and the achievement of long-term objectives. To know more about Portfolio Strategy, 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-06068/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Riders are optional add-ons to a life insurance policy that offer extra benefits beyond the basic coverage. These benefits may include additional death benefit, coverage for critical illnesses, waiver of premiums and much more. To know more about Riders, 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-06300/24 #BajajAllianzLife #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy