Paisawiki is a Part of Logo

Bajaj Allianz Term Insurance Calculator

*Please note that the quotes shown will be from our partners

Bajaj Allianz Life is one of the prime private life insurance providers. The company is in collaboration with Bajaj Finserv Limited and Allianz SE. One of the services they offer is the provision of term insurance plans. When a customer decides to purchase a term plan, they are required to pay a premium to the insurance company. The Bajaj Allianz term insurance calculator helps in determining the premium cost.

The Bajaj Allianz term insurance calculator is an efficient and free online tool. It helps in determining the premium cost that a customer needs to pay.

The Bajaj Allianz term insurance premium calculator is beginner-friendly and easy to use.

The customer simply needs to provide certain details such as personal details, like age, gender, date of birth, and details regarding the policy or the chosen plan. This also includes information about the variant of the term insurance that the individual intends to purchase. The tool may also ask to input details regarding the lifestyle, such as identifying yourself as a smoker or non-smoker.

How is the Bajaj Allianz Term Insurance Calculator Useful?

It is a general understanding that the premium quotation is different for different plans or insurance providers. Calculating the premium costs manually, keeping in mind the personal and policy data, may prove to be monotonous.

The Bajaj Allianz Term insurance calculator eases this process by calculating the premium for the customer. Few other benefits of using the online Bajaj Allianz calculator are as follows:

  • It helps in understanding the premium cost of a chosen plan quickly and easily.
  • It helps in comparing different plans and policies.
  • It makes budgeting for a term insurance policy easy by giving the estimation of the premium required.
  • It helps in deciding what plan or cover is better financially for the future.

How to Use the Bajaj Allianz Term Insurance Calculator?

The Bajaj Allianz term insurance calculator is user-friendly. The customer can follow the steps given below to find the premium:

  • Visit the insurer’s website.
  • Browse through the Plans section, which is available on the menu bar, select the term insurance plan or cover that suits you the best, and note down the details.
  • Next, select the "Tools and Calculators" from the menu bar. Under this, select "Term Insurance Calculator."
  • Input the necessary details, including your annual income, potential tenure of your work, the expected increase in the income, and the percentage of the income you wish to spend on yourself.
  • Based on the parameters entered, the term insurance calculator gives an estimate of the life cover that one needs.
  • If satisfied with the plan, one may choose to proceed further.

Use the Bajaj Allianz term insurance calculator to determine the term insurance premium. It is also necessary to remember that factors like age, gender, medical history, lifestyle, and occupation, estimation of sum assured, tenure of the policy chosen, premium payment term, and frequency of the premium payment will affect the term Insurance premium.

Disclaimer: Paisawiki does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

*Standard T & C Apply.

Written By: Paisawiki - Updated: 20 April 2021