Bajaj Insurance

For all your insurance needs

From protecting life to safeguarding what matters most.

Our Services

Tools and Calculators

Term Insurance Calculator

Term Insurance Calculator

An easy to use Term Insurance calculator to determine the right life cover amount as per your needs.

Underinsurance Calculator

Underinsurance Calculator

Do you have adequate Life Cover? Check if it is atleast 10x of your Annual Income.

ULIP Calculator

ULIP Calculator

Know the amount to invest today to have the corpus to accomplish your Life Goals tomorrow.

Retirement Preparedness Score

Retirement Preparedness Score

Answer a few simple questions to know how prepared you are for your retirement.

Investment Calculator

Investment Calculator

Answer a few simple questions to know estimated corpus you will have to fulfil your Life Goals.

Power of Compounding

Power of Compounding

Get an estimate of how much your investment will grow over a period of time.

Child Education Planner

Child Education Planner

A simple to use and comprehensive tool to plan for your child's education.

SIP Calculator

SIP Calculator

Plan your investments effortlessly and achieve your financial goals with our easy-to-use SIP Calculator.

Videos

Insurance Blogs

Life Insurance

General Insurance

What Is Life Insurance
#LifeInsurance 8th October 2025

What Is Life Insurance: Definition, Benefits and How it Works

A life insurance policy is a legal contract between the insurer (Insurance provider) and an individual (policyholder). Under the contract, the insurance company…

Benefits of Term Insurance
#TermInsurance 10thOctober 2025

Benefits of Term Insurance

Term insurance offers an inexpensive way to secure your family’s financial future. It provides financial protection against the losses that would arise due to…

Types of life insurance
#LifeInsurance 15th October 2025

Types of life insurance

Life insurance plans help in financial planning by creating a secure corpus on the unfortunate death of the life assured during the policy term. With a life…

How Does ULIP Work
#ULIP 2nd October 2025

How Does ULIP Work?

A Unit Linked Insurance Plan (ULIP) is one of the preferred tax-saving investment options for investors in India. It gives you the benefit of capital appreciation…

What Is Life Insurance
#LifeInsurance 8th October 2025

What Is Life Insurance: Definition, Benefits and How it Works

A life insurance policy is a legal contract between the insurer (Insurance provider) and an individual (policyholder). Under the contract, the insurance company…

Benefits of Term Insurance
#TermInsurance 10thOctober 2025

Benefits of Term Insurance

Term insurance offers an inexpensive way to secure your family’s financial future. It provides financial protection against the losses that would arise due to…

What is Term Insurance
#TermInsurance 20thSeptember 2025

What is Term Insurance?

Planning an international trip can be tedious. It involves finalising the destination, booking tickets and accommodations…

Return of Premium
#ReturnOfPremium 18th October 2025

Term Insurance with Return of Premium (TROP)

There are different types of term insurance plans. A term plan with a return of premium is one such plan which is different from other plans as it...

What Is ULIP
#ULIP 30th September 2025

What Is ULIP? - Meaning, Full Form, And Benefits

A ULIP (Unit Linked Insurance Plan) is a life insurance coverage policy with investment in market linked securities. When you buy a ULIP policy, you can…

ULIP Returns In 10 Years
#ULIP 11thOctober 2025

ULIP Returns In 10 Years

A Unit Linked Insurance Plan (ULIP) is considered as one of the most preferable means of investment today. ULIP Investment, which was once associated with...

ULIP charges
#ULIP Charges 9thOctober 2025

5 ULIP charges you should know

ULIP charges are the costs you pay while investing in a ULIP plan. These include fees for fund management, policy upkeep…

ULIP Tax Benefits
#ULIPTaxBenefits 20th September 2025

ULIP Tax Benefits - How ULIPs Help You Save On Income Tax

A Unit-Linked Insurance Plan or a ULIP may be an effective way to tick off two elements from your financial to-do list at once. For the uninitiated, a ULIP…

Approaching Retirement Age
#RetirementPlan 12th September 2025

Approaching Retirement Age? Know How to Prepare for it

Planning for retirement is the most crucial step for every individual. An early retirement ensures that all the life goals of your loved ones are…

Retirement Planning
#RetirementPlanning 16th October 2025

Retirement Planning – A Comprehensive Guide

Some people may be married to their work. For others, however, working for long hours becomes a habit. If this sounds like you, then you’ve probably…

Retirement Benefits
#RetirementBenefits 19th October 2025

Retirement Benefits – How To Enjoy Them Without Worry

Most people are guided by the proverb - Work is Worship throughout their professional life. …

Tips to Help You Buy A Retirement
#RetirementPlan 24th September 2025

5 Tips to Help You Buy A Retirement Investment Plan In India

Every individual deserves a comfortable lifestyle. However, building a stress-free life is a financial challenge faced by a majority of people and the main…

Daughter's Financial Future
#ChildPlan 12th October 2025

Secure Your Daughter's Financial Future This International Girl Child Day

Children hold a special place in their parents’ heart. That is why parents always try to provide better for their children, whether it is in terms of…

What Is A Child Plan
#ChildPlan 16th October 2025

What Is A Child Plan?

As a parent, one of the greatest joys of life is watching your children grow up into fine young people. Along with these joys, there is also the…

Child Insurance Plans
#ChildPlans 29th October 2025

Lesser Known Facts about Child Insurance Plans

For a parent, the well-being and security of a child may often take precedence over other…

Tax Benefits on Child Insurance Plans
#ChildPlanTaxBenefits 29th September 2025

What are the Tax Benefits on Child Insurance Plans?

When one becomes a parent, the well-being and happiness of the child become an instant priority. Most parents work hard so that they may financially secure…

View All
Car Insurance
#CarInsurance 8th October 2025

What is Car Insurance: All about Car Insurance

Car insurance is a financial protection plan that every car owner should understand and have to suit their needs. At its core, it helps you manage…

Travel Insurance
#Travel Insurance 18th October 2025

How Does Pre-Existing Coverage Work with Travel Insurance?

Planning an international vacation can be…

Fire Accidents
#ProtectHome 26th September 2025

Measures To Keep Your Home Safe From Fire Accidents

Your home is more than just a place to live…

Comprehensive Group Mediclaim
#GroupMediclaimPolicy 8th October 2025

Comprehensive Group Mediclaim Policy: Health Insurance for Employees

In today's time, providing employee benefits has become…

Driver Cover
#CarInsurance 17th October 2025

What is Named Driver Cover: Benefits, Eligibility and How to add named driver

The Named Driver Cover is an own damage coverage offered when the vehicle is driven by the owner-driver, any declared named driver, or a chauffeur.…

Motor Insurance
#PayAsYouGo 26th September 2025

What is Pay as You Go Motor Insurance?

Pay As You Go Motor Insurance, also known…

Car Insurance
#CarInsurance 8th October 2025

What is Car Insurance: All about Car Insurance

Car insurance is a financial protection plan…

Damage Cover
#CarInsurance 25th October 2025

Overview of the Standalone Own Damage Cover

Standalone Own Damage Cover is a specialized insurance policy designed to protect your vehicle against damages caused by unforeseen event …

Travel Insurance Policy
#TravelInsurance 5th September 2025

How to Extend Your Travel Insurance Policy?

Picture this, you are enjoying your vacation to one of the most exotic places. You had planned the trip for 4 days, but, the scenic beauty of the place…

Travelling Abroad
#TravellingAbroad 10th October 2025

Is Travel Insurance Mandatory for Travelling Abroad?

Planning an international trip can be tedious…

Student Travel Insurance
#StudentTravel 10th October 2025

What is Student Travel Insurance?

Student travel insurance is an insurance plan…

Travel Insurance
#PreExistingCoverage 20th October 2025

How Does Pre-Existing Coverage Work with Travel Insurance?

Planning an international vacation can be an exciting and rewarding experience. It is important, however, to give careful thought to the costs and…

Home Insurance vs Home Loan Insurance
#HomeLoanInsurance 5th October 2025

Home Insurance vs Home Loan Insurance- What's the Difference?

At some point in life, we all aspire to buy a house. As easy as it might sound, buying your dream house involves years of hard work, effort, patience…

Fire Accidents
#ProtectHome 6th September 2025

Measures to Keep Your Home Safe from Fire Accidents

Your home is more than just a place to live…

Cover for Jewellery
#CoverforJewellery 30th August 2025

Cover for Jewellery in Your Insurance: Coverage, Benefits & Claim Process

Ornaments have always been considered…

Gas Cylinder Safety
#NonMedicalExpenses 4th Sepetmber 2025

Gas Cylinder Safety Precautions: Tips to Follow at Home

In 1965, Indian Oil introduced liquified petroleum gas (LPG) to the Indian households. Their intention was for Indian households to switch to a cleaner…

Health Insurance Guidelines
#IRDAIHealthInsurance 15th September 2025

New IRDAI Health Insurance Guidelines in 2025

In 2025, the Insurance Regulatory and Development Authority of India (IRDAI) introduced several important guidelines that significantly…

Deworming for Adults and Children
#DewormingFor Adults 17th August 2025

Everything You Need to Know About Deworming for Adults and Children

Deworming is critical to maintaining overall…

Comprehensive Group Mediclaim Policy
#GroupMediclaimPolicy 20th September 2025

Comprehensive Group Mediclaim Policy: Health Insurance for Employees

In today's time, providing employee…

Ayushman Bharat Yojana
#AyushmanBharatYojana 6th August 2025

Top 10 Benefits of Ayushman Bharat Yojana

Considering the size and the population of India, it is impossible for everyone to have a personalised health insurance policy. Compared to people…

View All

Frequently Asked Questions

Life Insurance

General Insurance

What is Life Insurance and how does it work?
A life insurance policy is a contract between a policyholder and the insurance company. Here the policyholder is liable to pay the assigned premiums in a specified schedule for a specific period. Against the premiums paid, the nominee(s) is entitled to get an assured lump sum as a death benefit if the life assured dies within a policy term.
When is the best time to buy Life Insurance?
The ideal time[17] to buy life insurance varies from person to person. Usually, it may be beneficial to get life insurance if you have dependents or you’re in crucial stages of your life like marriage, childbirth, or starting a business. Experts believe purchasing life insurance is more beneficial when you are young, as the premiums are lower.
What are the key benefits of life insurance?
The key benefits of life insurance are:
  • Life insurance offers a lump sum coverage amount to the nominee upon the life assured’s death, which may financially cushion the family from unforeseen crises.
  • Premiums of life insurance are relatively low and cost-effective when bought early in life.
  • Life insurances with maturity benefits provide fixed returns, which are guaranteed* savings.
  • Coverage can be enhanced through optional riders which come at an additional nominal rate.
  • Premium payments are subject to tax deductions (in case of old tax regime), while death and maturity benefits are tax-free (subject to satisfaction of conditions mentioned therein). Additionally, health-related riders offer tax deductions too (in case of old tax regime).
  • Loan facility is available against the policy.
How can I switch funds in my portfolio digitally?
The key benefits of life insurance are:
  • Life insurance offers a lump sum coverage amount to the nominee upon the life assured’s death, which may financially cushion the family from unforeseen crises.
  • Premiums of life insurance are relatively low and cost-effective when bought early in life.
  • Life insurances with maturity benefits provide fixed returns, which are guaranteed* savings.
  • Coverage can be enhanced through optional riders which come at an additional nominal rate.
  • Premium payments are subject to tax deductions (in case of old tax regime), while death and maturity benefits are tax-free (subject to satisfaction of conditions mentioned therein). Additionally, health-related riders offer tax deductions too (in case of old tax regime).
  • Loan facility is available against the policy.
How much coverage amount do I need?
The coverage amount should base on individual needs and targets. According to experts, a coverage of at least 10 times your current annual income may be a good amount to financially secure your loved ones in your absence.
Which is the best term insurance plan?
The best term plan is one that suits your budget, aligns with your financial needs, and comes from a trusted insurer with a good claim settlement ratio.
What happens after 20 year term life insurance?
A 20 year term life insurance policy is a type of life insurance that provides coverage for a specific period—20 years. If you pass away during that time, your beneficiaries receive the death benefit. However, if you outlive the 20 years, the policy ends with no payout unless it has a return of premium benefit. You can choose to renew or buy a new plan.
How many years is best for term insurance?
Ideally, choose a term that covers your major financial responsibilities like children’s education, marriage, other financial obligations etc.
Who cannot buy term insurance?
Individuals with serious health issues or high-risk profiles may face limitations based on the insurer’s underwriting norms.
What is the right age to buy term insurance?
It’s best to buy early in life, as premiums are typically lower and coverage options are broader.
What does ULIP stand for?
The word ULIP stands for Unit-Linked Insurance Plan. ULIPs are a combination of life insurance and investment. The investments made can be chosen by the policyholder as per the options available with the insurer. The investments help the policyholder gain returns while also ensuring that life insurance stays intact.
What are the different types of funds that ULIP plans invest in?
A The different types of funds in which ULIPs invest are:
  1. Equity funds with majorly high-risk assets like equities and company stocks
  2. Debt funds with maximum low-risk instruments like debts and bonds
  3. Balanced funds where the money is distributed within high, low, and moderate risk assets
  4. Liquid funds with fixed-income assets like government securities and treasury bills
  5. Cash funds with assets of extreme liquidity like money market securities
How much return is guaranteed in ULIPs?
The returns generated in ULIP depend on the nature of the funds in which the investment has been allocated. The choice of these funds depends on the risk tolerance of the investor. For example, if he prefers higher risk to earn higher returns, the investment may focus on equities or related assets. Again, if he is a risk-averse person, debt funds may be chosen to keep potential risks low and secure the investment
How are units allotted under a ULIP plan?
A part of the premium you pay for ULIP makes for its investment component. The money is utilised to buy units of different financial assets as per the risk appetite of the investor. This is done by pooling the money from various policyholders into a mutual fund-like structure, termed as unit-linked funds. Thereafter, the units are allotted in terms of the fund choices.
How can I track the fund value of my ULIP?
You can track the fund value of your ULIP through the calculation of the Net Asset Value (NAV) per unit and estimate the total returns accordingly. This can be done through two methods: Absolute Returns and CAGR. However, using a ULIP calculator may save you from complicated estimations.
How much should I have in savings at 25?
Your savings depend on your income, expenses, and financial responsibilities. There’s no fixed number as it varies from individual to individual. That being said, it is better to start saving from a younger age so that you can build a sufficient corpus for your financial goals.
How much does the average person have in savings?
An average person’s savings depends on his income, expenses, saving habits and financial liabilities. You cannot put a universal figure to the savings amount.
How much money should I save before investing?
You can start investing with as little savings as you have. This would help you develop a savings habit and you can also earn returns on the money invested.
Can savings plans help save Tax?
If you choose tax-saving plans, you can save tax. For instance, life insurance savings plans help in saving tax on the premiums paid as well as the benefits received subject to specified terms and conditions prescribed under Income Tax Act, 1961.
Which Saving Investment is best to start with, long-term or short-term?
It is always better to save with a long-term investment horizon. However, if you have short-term goals, you can save for the short-term too. Your investment horizon should align with your financial goals.
When should I start planning for retirement?
It is better to start as early as possible. This will give you two main benefits. One, you can save small and affordable amounts to create your retirement corpus. Two, over time, the power of compounding will help in creating a good corpus for your golden years.
How do you pay the annuity plan premiums?
You can pay the premium offline through cash or cheque or online through UPI, net banking, credit and debit cards, etc.
What is the vesting date?
The vesting date is the date when the annuity plan matures. This is the date when the plan’s benefits become payable to you.
What is the average income during retirement?
The average income will depend on the retirement corpus that you have accumulated, your retirement age, and the frequency of annuity payout selected.
Is there any rule for saving for retirement?
There is no particular rule for saving for retirement. However, it is better to start planning a retirement fund from an early age so that you have an adequate corpus for a financially comfortable life in old age.
How long is a pre-existing condition?
A condition is considered pre-existing if it was present, diagnosed, or treated within a specific period before buying the policy, typically 2-5 years.
What changes have been made regarding AYUSH treatments under the new guidelines?
IRDAI has removed any sub-limits on AYUSH treatments, allowing policyholders to claim the full cost of these treatments up to the sum insured limit. This promotes the use of traditional and alternative medicines.
What is property insurance?
Property insurance is a policy offered to homeowners who wish to cover their property structure as well as its contents, which will protect them against financial losses caused due to incidents such as fire, burglary, flood, theft, etc. You can also cover only the contents of the house that you have rented for living purposes.
Can I purchase car insurance add-ons online?
Yes, you can easily purchase car insurance add-ons online during the policy renewal or purchase process through your insurance provider's website or a third-party comparison platform.
What are the benefits of add-on covers for motor insurance?

Add-on covers offer several benefits, such as:

  1. Enhanced protection: They offer coverage for scenarios not included in a standard policy.
  2. Customization: You can tailor your policy to suit your specific needs and risk profile.
  3. Financial security: Add-ons like zero depreciation help you avoid depreciation-related losses.
  4. Peace of mind: With add-ons like roadside assistance, you have help when needed.
Are car insurance add-ons free of cost?
No, car insurance add-ons are not free of cost. They come with an additional premium, which varies depending on the type of add-on coverage you choose.
Is there a limit to the number of add-ons I can purchase?
There is typically no strict limit to the number of add-ons you can purchase, but it depends on the insurer’s policy offerings and the type of add-ons. However, it's important to choose add-ons that suit your needs and ensure you’re not over-insured.
Can I buy add-on covers separately from my main policy?
No, add-on covers are designed to be purchased alongside your main car insurance policy. They are extensions to the coverage provided by the standard policy and cannot be bought independently.
Can I purchase car insurance add-ons online?
Yes, you can easily purchase car insurance add-ons online during the policy renewal or purchase process through your insurance provider's website or a third-party comparison platform.
Which type of insurance is mandatory for a bike?
In India, third-party liability insurance is mandatory for all two-wheelers under the Motor Vehicles Act. This insurance covers damages or injuries caused to third parties in the event of an accident.
How do the new IRDAI guidelines affect senior citizens seeking health insurance?
The new regulations remove any age cap for buying health insurance, allowing senior citizens to purchase policies at any age, which provides greater flexibility and more coverage options.
What does the reduction in waiting periods for pre-existing diseases mean for policyholders?
Policyholders can now claim expenses for pre-existing conditions, such as diabetes or hypertension, after a reduced waiting period of three years instead of four. This change facilitates quicker access to necessary treatments.
Can individuals with severe medical conditions like cancer now easily get health insurance?
The new guidelines prohibit insurers from denying coverage to individuals with severe pre-existing conditions, ensuring that more people can obtain necessary health insurance.
What changes have been made regarding AYUSH treatments under the new guidelines?
IRDAI has removed any sub-limits on AYUSH treatments, allowing policyholders to claim the full cost of these treatments up to the sum insured limit. This promotes the use of traditional and alternative medicines.
How can multiple claims across various insurers be beneficial under the new guidelines?
Allowing multiple claims with different insurers offers policyholders the flexibility to maximize their coverage and ensures they can get comprehensive financial support when diagnosed with a disease.
Is travel insurance mandatory for travelling abroad?
In many countries, yes. Nations like the Schengen states, Cuba, Russia, Turkey, and the UAE make travel insurance compulsory for visa approval or entry. Even where it isn’t mandatory, it is strongly recommended because medical costs abroad can be extremely high.
Does travel insurance cover pandemic-related emergencies like COVID-19?
Yes, most modern travel insurance policies now include COVID-19 coverage. This typically covers hospitalisation, treatment, and sometimes quarantine expenses if you test positive while travelling. However, expenses related to cancelling your trip after testing positive before departure may not always be covered.
What are the exclusions in travel insurance?
Common exclusions include pre-existing conditions (unless covered), travelling against medical advice, injuries due to alcohol or drugs, losses from negligence, unapproved adventure activities, and claims arising from war or terrorism in certain regions. Always read the policy wording for a full list.
What is the validity period of travel insurance?
The validity period of travel insurance varies significantly. It is tied to the length of your trip, and policies are typically purchased for specific durations. These durations can range from a few days to several months, depending on the policy and provider. Always confirm the exact validity period with your insurance provider before your trip.
What’s the minimum and maximum age for buying a travel insurance for students?
Students can buy a travel insurance policy between the age of 16-35 years as per the policy terms.
Can I get an insurance policy for my home?
Yes, home insurance policies are widely available. However, the availability and specific types of coverage can vary depending on your location and the characteristics of your home.
What is My Home Insurance?
Your dream home deserves to be protected. Our My Home Insurance policy is a very affordable financial tool designed to cover your home and its contents against natural and man-made calamities such as earthquakes, floods, fire, theft, burglaries and any other risks it might be prone to.
What is property insurance?
Property insurance is a policy offered to homeowners who wish to cover their property structure as well as its contents, which will protect them against financial losses caused due to incidents such as fire, burglary, flood, theft, etc. You can also cover only the contents of the house that you have rented for living purposes.
What makes our insurance unique?
Get the coverage your vehicle deserves 1. Our insurance provides comprehensive protection by covering accidents, theft, and damages. 2. The claim settlement process is smooth and hassle-free, with minimal paperwork/ 1. Our 24/7 assistance ensures that help is always available no matter where you are.
What's the entry age for this policy?
Every Indian home and family deserves protection. Given the unpredictable nature of life, the sooner you opt for home insurance, the better. Anyone aged 18 and above can buy a home insurance plan from Bajaj General. For personal accident cover, the entry age for the proposer and spouse is 18 to 65 years.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Bajaj Life Insurance
Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited). All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 27001:2013 Certified IT Department.
CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra
Email: customercare@bajajlife.com | Customer Care No.: 020 6712 1212

Bajaj General Insurance
Bajaj General Insurance Limited (Formerly known as Bajaj Allianz General Insurance Company Limited). All Rights Reserved. | IRDAI Reg. No. 113 | An ISO 27001:2013 Certified IT Department.
CIN: U66010PN2000PLC015329 | Registered Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra
Email: careforyou@bajajgeneral.com| Toll Free No.: 1800-209-5858

The Logo of Bajaj Life Insurance Limited and Bajaj General Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.

Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas. This site is best viewed with IE11, Firefox, Safari, Opera, Chrome.