The best way to live a worry free life is to get insured. However, the terms and condition of each company are different and you need to know them thoroughly before investing. Investing in an insurance company in India can be a tough job as there are so many options to choose from. One of the most appreciated and transparent company in this field is Bajaj Allianz. Bajaj Allianz insurance Co Ltd is a joint venture of an international brand Allianz and Bajaj auto. The company offers several types of insurance plans you have the experience of Allianz and brand name of Bajaj to back it.
Types of policies: There are both individual and group insurance policies offered by this well known insurance company. Individual plans include, Term Care, Unit Gain, Lifetime care insurance , Business insurance, Healthcare insurance,Children plan, pension plan and more. There are group insurances where employer groups are included and in some other cases employees are included. There are also some gratuity, superannuation and deposit linked insurance for the employees. The company also provides insurance for non residential Indians but the terms and conditions are quite different.
According to the insurance categories there are five broad categories:
- Life insurance
- Home insurance
- Motor insurance
- Health insurance
- Travel insurance
Bajaj Allianz Life Insurance Features: As there are so many policies offered by the company, the features cannot be same in each case. While unit linked plans are risky to some extent they may also provide you a higher return that normal. These policies depend on the market scenario as the amount is invested in different shares and mutual funds and this is the sole discretion of the company. Though the company tries and invest your fund in the most profitable ventures the risk is always there. The return is high though and in many cases you can withdraw the money before the plan tenure completes. In case of other insurance plans there are options to pay the whole amount in one go or pay it yearly.
The company’s role in health and motor insurance is quite positive. As Bajaj is one of the most trusted two and three wheeler brand in India, the auto insurances offered by the company are based on the requirement of the customers. For example this insurance offers 24/7 support and also offers cashless settlement in some cases.
Major features of the company and advantages: There are so many things that make Bajaj Allianz a in demand company in the insurance sector.
- The payment options are flexible and convenient. You can pay the premiums through cash, dd, check or credit card.
- Receiving payment from the company is quite easy and done in a hassle free way. You need to claim the amount on maturity and it would be processed within 7 to 10 days.
- There are several extimators that would help you estimate the insurance you need. This includes child education cost calculator, human life value calculator, retirement pension estimator and many more.
The company can be contacted through their website or you can dial their toll free no 1800-233-7272 for more details of the policies.