At a Glance
Bajaj Life eTouch II is a non-linked, non-participating individual term insurance plan designed to provide financial protection through life cover along with a complimentary health management service. It offers three variants, allowing you to choose the level of protection and benefits that best suit your financial needs.
Depending on the variant selected, the plan provides features such as waiver of premium on accidental2 total and permanent disability or terminal illness, an additional payout in case of accidental death2, and the option to enhance protection through additional riders at a nominal extra cost.
The plan also offers flexibility through features such as Early Exit Value1 (where applicable), Auto Cover Continuance Benefit that allows premium deferment for up to 12 months while keeping the life cover active, flexible death benefit payout options for nominees, and complimentary services such as health management.
Whether you are a young professional, the primary earning member of your family, a working woman or someone with financial dependants, Bajaj Life eTouch II can help secure your family’s financial future.
Variants
What are the Variants available under Bajaj Life eTouch II?
What is the Life Shield Variant?
The Life Shield variant is a pure term insurance option that provides high life cover at an affordable premium. It offers financial protection to your nominee through the chosen death benefit payout option if the life assured passes away during the policy term. This variant is suitable for individuals seeking comprehensive life cover without a maturity benefit.
What is the Life Shield Plus Variant?
The Life Shield Plus variant builds on the Life Shield benefits by including an Accidental Death2 Benefit. If the life assured dies due to an accident during the applicable cover period, the nominee receives the accidental death2 benefit in addition to the base death benefit, subject to the policy terms and conditions. This variant may be suitable for individuals who want additional financial protection against accidental2 risks.
| Features | Life Shield | Life Shield Plus |
| Death Benefit | Yes | Yes + Accidental Death Benefit |
| Maturity Benefit | No | No |
| Waiver of Premium* on Accidental Total Permanent Disability / Terminal Illness | Yes | Yes |
| Death Benefit Payout Options | Lump sum, Monthly income or combination of both | Lump sum, Monthly income or combination of both |
| Auto Cover Continuance Benefit | Yes | Yes |
| Premium Holiday | Yes | Yes |
| Life Stage Upgrade | Yes | Yes |
| Early Exit1 Value | Yes | Yes |
| Maturity Benefit in Instalments | No | No |
Advantages
Additional Accidental Death Benefit2^ – Under the Life Shield Plus variant, your nominee/legal heir receives an additional payout over and above the base sum assured in case of death due to an accident².
Flexible Death Benefit Payout – Every family manages money differently. Some may need an immediate lump sum to repay liabilities, while others may prefer a regular monthly income to meet household and meet lifestyle expenses. Bajaj Life eTouch II lets you choose the payout option that best suits your family’s financial needs.
Premium Holiday – Temporarily pause premium payments for 1, 2 or 3 policy years (as opted at inception) without losing life cover, subject to the policy terms and conditions
Life Stage Upgrade – Increase your sum assured during specified life events, such as marriage or the birth of a child, under the Life Shield and Life Shield Plus variants, subject to policy conditions.
Early Exit Value¹ – Under the Life Shield and Life Shield Plus variants, you may voluntarily exit the policy after meeting the specified eligibility conditions and receive the premiums paid, along with applicable underwriting extra premiums, as per the policy terms and conditions.
Auto Cover Continuance Benefit – Defer premium payments for up to 12 months while keeping your life cover active, subject to the policy terms and conditions.
Waiver of Premium* – Future premiums may be waived if the Life Assured suffers Accidental Total Permanent Disability or is diagnosed with a Terminal Illness, subject to the policy terms and conditions.
Health Management Services – Access complimentary Health Management Services, including preventive healthcare and wellness support, subject to the applicable terms and conditions