Do You Know all About Bajaj Allianz

At the end of 2015, Bajaj Allianz Life General Insurance was declared as the largest life insurance company in U.S., based on its market capitalization. It has a total share of more than 40% in PSE&G Life Insurance segment and the most significant premium written by them to the policyholders.

They have also completed deals with many other companies like Aetna & Kaiser Permanente in order to expand their business portfolio into US and Canadian markets. As per this analysis, they are one of the top-rated insurers for all types of policies which were launched by them in last 10 years.

In order to maintain such huge presence in the global platform, it is imperative to analyze the details of their annual report. Here we will provide you with the coverage, pricing, benefits, claims payouts, renewal price, etc.

⚫ All  about to Bajaj Allianze

A brief look at the coverages offered by Bajaj Allianz Life General Insurance

Life insurance coverages and features provided by Bajaj Allianz Life General Insurance include:-

Bajaj Allianz Life General Insurance offers six major product lines:-

Bajaj Assurance Limited - which provides comprehensive protection against risk.

Bajaj Excess, Surplus, Cash, RBC & ICICI Financial Services Limited - which provides cashback protection from interest rate fluctuations.

Bajaj Eminentia - which provides protection when your savings fall below 15% of the minimum investment.

Bajaj Corporate Life - which protects the assets that belong to the entity or partnership of the insured individual. This includes accounts & personal investments. These are insured under fixed income products.

Bajaj Prudential (BPL) - which gives a wide range of financial security cover for self and government.

Bajaj Pension - which helps people stay healthy despite any unforeseen events. This offer is available through two plans and both can be used either individually or combined.

Bajaj National Life - which offers protection against sudden decline in value of wealth.

Bajaj Global Bond Fund - for those looking to protect their money against inflation.

Bajaj International Capital - which covers short term investment in countries where a large section of their population lives outside the country.

Bajaj World Finance - which allows you to access international finance at low cost in multiple countries across the globe, using an open account structure.

Bajaj Global Sustainability Bond (BSL) - which offers long-term commitments

Bajaj Asset Management – provides long term asset management services to clients across the world.

Bajaj Credit Life - which offers credit insurance policies.

Bajaj Direct Liability Insurance - and

The scope of these covers is unlimited to Bajaj Global Bonds fund and Bajaj Credit Life, Bajaj Asset Management & Bajaj Eminentia, Bajaj NATIONAL LIFE, Bajaj Viability Insurance products.

Bajaj BABYAN - As mentioned earlier in the title you can choose from four different classes - BABYAN, CHILD PLAN, GUIDANCE PLAN, and FUND PLAN. So you can select accordingly according to your requirements.

As BABYAN Plan holder you will get Rs.2000/- annually under various categories like Rs 3.9 Lakhs, Rs 5 Lakhs, Rs 8 Lakhs. Additionally, there are several options to buy additional amounts. It is important for every family in our country to have proper insurance policy according to their financial needs. Having multi-life insurance package is certainly not enough to protect us from unexpected events or hazards. Even though there may not be anything bad in having it but most importantly the person with whom you live should be aware of the situation. Every person today is facing financial problems due to recession. Due to it people lost their jobs, got evicted from their jobs, etc. Thus, many people resort towards getting extra life insurance package so that they can keep themselves protected from future. There are no negative effects like high premiums, high claim liabilities. But there could be a hidden danger associated with taking extra life insurance policy like the following points mentioned below:

Inflation/interest rates are bound to go higher with each passing day which increases the vulnerability of the entire system.

With increasing amount of life insurance policies, premium amount will increase leading to increase in premium amount. Now, policy holders will face problem on how much time and money they require on maintaining their life insurance policy. If the premiums hike up then they can't purchase further life insurance policies in the near future. Moreover, policy holders will eventually miss the deadline given to get maximum amount of premium benefit. Hence, loss of important and hard earned savings will lead to bankruptcy in future.

The above mentioned points suggest that the best way to solve this issue is to take extra life insurance policy so that you can protect yourself in the event of unfortunate circumstances. Though this might sound easy but it is still very difficult for one to make a decision when faced with such lot of choices.

What's great about Life insurance coverage is that it is very affordable. Bajaj Allianz Life can provide an advantage over many other life insurance policies. However, taking extra life insurance can bring many issues at the same time. Before hiring any life insurance company, make sure to check out its coverage and pricing. Some life insurance providers charge large premium rates and lack of quality assured. On the one hand, the premium rates are quite high as compared to others. But on the other hand, you need a good insurance provider with a reputation for providing excellent services to their customers. Besides covering your medical expenses and ensuring your daily expenses, paying a premium amount for adding extra life insurance can also help you save a substantial amount of money. You can consider choosing from a number of insurance providers with varying premium rates but all provide equal quality assurance. After considering the above mentioned facts it can be concluded that people should have extra life insurance to cover their emergency expenses and ensure their financial stability. And if there is any question regarding that you can always contact us and get an expert guide to understand what exactly are the pros and cons of opting for such life insurance plans.

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