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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 When a policy lapses, it means that the insurance coverage is no longer in effect, and the policyholder is no longer protected by the policy contract.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
Free look period refers to a specified period during which the policyholder can review and asses their newly purchased life insurance policy. If the policyholder is not satisfied with the policy, he/she can cancel the policy during this period. Free look period can be anywhere between 15 to 30 days depending upon the policy mode of purchase. To know more about Free look period, 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-04624/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Exclusions in a life insurance policy are particular conditions or incidents that the insurance company does not provide coverage for. In the event of the Life Assured’s demise under these excluded conditions, the beneficiary won't receive the policy benefits. To know more about Exclusions, 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-04523/2 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
Cash bonus is a type of policy bonus that offers policyholders an immediate payout, which means, the bonus amount (if declared) will be paid out as early as the 1st policy month depending on the plan. Cash bonus may be declared every year and the percentages may vary, depending on the company’s financial performance. These bonuses can serve as an additional income to meet your immediate financial needs or it can also be used as a second income post-retirement. To know more about Cash Bonus, 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/3Hv7rIjAvailable in 7 regional languages, watch the videos as per your preference. Hindi – https://bit.ly/3YMx69g Marathi – https://bit.ly/3Wnj0JW Tamil – https://bit.ly/3jnG2S5 Malayalam – https://bit.ly/3jt6TMS Bengali – https://bit.ly/3WzFh6W Gujarati – https://bit.ly/3VsG6gK Kannada – http://bit.ly/3C0VnPa#LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy Bajaj Allianz Life Insurance Co. Ltd. T&C Apply Ad code: BJAZ-PC-EC-04478/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
P for Policy Term & Premium Payment Term – The time period for which the life cover is active under the policy is called the Policy Term, whereas, the time period for which the premium needs to be paid under the policy is called Premium Payment Term. The Premium Payment Term is always less or equal to the Policy Term.To know more about Policy Term & Premium Payment Term, 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: Available in 7 regional languages, watch the videos as per your preference.Hindi – Marathi – Tamil – Malayalam – Bengali – Gujarati – Kannada – Allianz Life Insurance Co. Ltd.T&C ApplyAd Code - BJAZ-PC-EC-02543/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
P for Participating Plan – A participating plan is a type of life insurance policy, where the policyholder can take part in the profits of the insurer and may receive a bonus. This type of policy is also known as a Par policy. To know more about Participating Plan, 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: Available in 7 regional languages, watch the videos as per your preference. Hindi – Marathi – Tamil – Malayalam – Bengali – Gujarati – Kannada – Bajaj Allianz Life Insurance Co. Ltd. T&C Apply Ad Code - BJAZ-PC-EC-02458/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy
N for Non-Participating Savings Plan – A non-participating savings plan is a type of life insurance policy where the policyholder receives guaranteed returns on the amount invested.To know more about Non-Participating Savings Plan, 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: Available in 7 regional languages, watch the videos as per your preference.Hindi – Marathi – Tamil – Malayalam – Bengali – Gujarati – Kannada – Allianz Life Insurance Co. Ltd.T&C ApplyAd Code - BJAZ-PC-EC-02432/23 #LifeGoalsDone #InsuranceSimplified #LifeInsuranceMadeEasy