May 20, 2018

Bajaj Allianz Life Insurance Launches Digital Branches Through Mosambee

Life Insurance Plans in India
Bajaj Allianz is a combined undertaking which incorporates both global expertise and local experience between Bajaj Finsery Limited and Allianz SE. Starting their journey in the year 2001, the company has become to be one the top insurance company brands in India.

This Life Insurance provides a number of plans that incorporate minimum investment for greater returns. The company is best reputed for their investment plans, their long term and short terms planes, child plans, pension plans etc.

Bajaj Allianz Life Insurance Plans

It is best known for their life insurance plans. There are a number of life insurance plans that are offered by the company itself. The plans all vary from one another depending on the type of plan, the entry age, the maturity age and the annual premium that needs to be deposited by the insurer.

The different types of plans that are offered by the company all meant for different purposes. Some of the types of plans that are offered by this include:

• Term Insurance Plan.
• Unit-Linked Endowment Plan.
• Unit-Linked Pension Plan.
• Traditional Child Plan.
• Traditional Empowerment Plan.
• Non-Linked Whole Life Plan.

Bajaj Allianz Plans in Detail

The Bajaj Allianz term plans are those plans that are meant to provide a large sum of money at the end of a contract to the insurer’s company. This plan is a safety plan meant to provide stability to the members of the insurer’s family in the event of an unforeseen death.

The Bajaj Allianz unit linked insurance plan is where an individual can invest their money in variable proportions in equity, money market instruments, bank deposits, debt etc.

Pension plans are those plans that are meant to provide financial help to the insurer during their old age time. The Bajaj Allianz pension plan is tailored in a way in order to give thee insurer the same lifestyle that they have even after they retire.

The child plans provided by the company are made in a way in order to secure the future of any child financially either in the field of higher education, their studies or even their marriage.

Investment plans from Bajaj Allianz are so that a certain amount is definitely returned to the insurer after the plan has matured. For this plan, the insurer deposits a certain amount of money as premium as a monthly/annual basis. At the maturity of the plan, the entire money is given back to the insurer along with interest.

The women insurance plan caters to only women insurers who can use this plan for medical solutions, savings, retirement solutions or can use the plan for different types of investments during their lifetime.

Bajaj Allianz Life Insurance Digital Branches Through Mosambee

For the purpose of expanding the horizons of their services, it has started the acceptance of digital services through the offering in Mozambee. A handheld mobile device that assists customer through providing a variety of customer services like premium payment certificates, account statements, paying insurance renewal premiums etc.

The greatest benefit of this particular service is for the customers. Customers can pay their annual premiums for their insurance plan through whichever way that they want, be it through bank transfer, cheque or even DD’s.
The prime objective of introducing digital branches through Mosambee is to improve the customer service of Bajaj Allianz as a whole. Customers can now easily get the type of insurance that they want through this method. Those individuals who have insurances can easily pay their premiums through digital branches as well. All in all, the improved customer interactivity with the company through digital branches introduced by Mosambee has helped the work efficiency of the company as a whole.

Eligibility for Applying for a Bajaj Allianz Life Insurance Plan


For applying for a Bajaj Allianz Life Insurance plan there are certain conditions that need to be fulfilled on the end of the insurer. The individual who is buying the plan needs to be the legal age of 18 years or above. The maximum age at which an individual can apply for the same plan is 60 years.

Only those individuals who are employed under a company or an individual or who are self employed can apply for this plan. The individual needs to be employed unless they cannot fulfill the condition for filling the premium for the insurance plan.

Documents Required for Availing a Bajaj Allianz Insurance Plan

Bajaj Allianz Insurance plan can be bough on an online and also on an offline basis. Through both the methods of getting the plan, the insurer needs to fill a form and submit a number of documents to the company.
The documents that are generally asked to be given on behalf of the insurer to the company are identity proof, age proof, income proof, address proof and PAN card or Aadhar card.

Providing Aadhar card or PAN card and sometimes both is a necessity for the insurance company as per the new laws that have been provided from the Government of India. Aadhar card and PAN card need to be linked to all insurance accounts for the safety of the customer.

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