A life insurance cover helps you secure the financial future of everyone dependent on your income in the event of your death. Nobody can help overcome the loss of a dear one, but imagine that along with this loss the surviving members of the family are hard-pressed to maintain their lifestyles because they were partially or fully dependent on the income of the deceased. Getting an adequate life cover is absolutely essential if the sum of the total value of your assets (other than the home you stay in) less your total liabilities (including any home loan, car loan or personal loan you might have outstanding) is less than 150 times your current monthly expenses. The shortfall would be the recommended amount of life cover you should seek. At ApnaPaisa, we help you reach out to a maximum of 5 service providers who will propose alternative plans that you can compare based on:
- Life Cover (also known as Sum Assured)
- Annual Premium
- Additional Riders Offered
Often customers get lured into combining their life cover requirements with an investment objective. We do not recommend this approach because it is always a lot more affordable to opt for a term insurance policy and invest the savings on the annual premium into any savings instrument of your choice - be it PPF, Fixed Deposits, Mutual Funds or even shares.
Bajaj Allianz Life Insurance Company Limited
Bajaj Allianz Life Insurance Company Limited is an insurance joint venture between Allianz SE; a life insurer and Bajaj Auto, India's leading two and three-wheeler manufacturer.The company offers unit-linked, pension, traditional and term plans as well as specialized policies for women and children.
The company has its registered office in Pune. According to the company's annual report 2007-08, the company tops in collection of new business premium as well as the policies sold. It wrote a new business of Rs. 66,745 million as against Rs. 43,027 million in 2006. The insurer has a market share of 7 per cent as against 5.7 per cent in 2006.
|
8 Insurance product available
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
