Bajaj Allianz Term Care Plan

This plan has been withdrawn by the insurance company and is no longer available for sale.

This is a variant of the term insurance policy which returns the premiums paid by you on maturity. So if nothing happens to you till the maturity period of the plan, all premiums paid will be returned. There is some additional flexibility in terms of making a single payment and a large number of riders in combinations. Being a return of premium term plan, the premium rates would be higher than the conventional term insurance plans.

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Returns and Options
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Death Benefit
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Tax Benefits
Compare this plan with other Term Plans
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Key Features


Premiums paid by you are returned on maturity


Option of regular premium or single premium payment


Large cover at relatively low costs


Death Benefit

The nominee would receive the Sum Assured in case of death of the policy holder during the term of the policy.

Maturity Benefit

All premiums paid by you during the term of the policy would be returned to the policy holder.

Income Tax Benefit

Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Maturity benefits too are tax exempt as per Section 10(10D).


The Term Care Plan has some built-in riders which come in the form of policy variants.

Policy Variant Type of Rider Benefit
Economy Package No Riders
Protect Accidental death benefit
  Permanent Total/Partial disability benefit
  Waiver of premium benefit
Health Critical illness (or dread diseases) benefit
  Hospital cash benefit
Total All the above riders are added


  Minimum Maximum
Sum Assured (in Rs.) Rs.1,00,000 Rs.10,00,000
Policy Term (in years) 5 40
Premium Payment Term (in years) Equal to policy term Equal to policy term
Entry Age of Policyholder 18 50
Age at Maturity - 65
Regular premium Rs.1,500 -
Single premium Rs.6,000 -
Payment modes Yearly & Half-Yearly


angle down iconWhat happens if you want to surrender the policy?

You can surrender you policy only after 3 full years premiums have been paid. This is not recommended though and should be done only for cash emergencies.

angle down iconWhat happens if you want a loan against your policy?

No loans are available against this policy.