Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance Premium Calculator Online

Bajaj Allianz Life Insurance Premium Calculator

It is very normal to get confused while choosing a life insurance plan as the insurance market is filled with a wide range of life insurance plans. Here, the life insurance calculators can certainly help you to estimate your future needs while making you aware of the type of plan suitable for you. Bajaj Allianz Life Insurance premium calculator stands out among these because of its distinctive features. You can use these calculators to compare the available plans in the market and to find out the estimated premium amount that you need to pay for the plan.

Benefits of Using Bajaj Allianz Life Insurance Premium Calculator

If you calculate the premiums manually, there will be a great risk of mistakes. Instead, it will be wiser to use online premium calculators. To know more about the benefits, follow the below mentions.

  • Smooth and easy – Bajaj Allianz Life Insurance has built its website in such a way that even a child can calculate the premiums easily if he/she follows the instructions properly.
  • Saves time – Nowadays everyone runs low on time. So, it is always preferable to calculate the premiums online using the life insurance premium calculator as it is hassle-free and takes lesser time than manual calculation.
  • Lesser risks of mistakes – Bajaj Allianz Life Insurance Calculators function flawlessly. Moreover, an online calculator almost nullifies the risks of human errors. So, it is much safer to use premium calculators online.
  • No extra charges – This insurer offers all the life insurance premium calculators free of cost. For using these, you do not have to pay any extra cost. So, here you do not have to worry about financial expenses.
  • No paper, no hassles – As it is completely online, so there is no need for paperwork. Once the process has become almost paperless, you do not have to keep counting the paper and worry about it.
  • Helps to build a future plan – The insurer helps you to achieve your future dreams as the premium calculators help to build you a financial budget and, in this way, you can also save money.
  • Financial plan – You need to make a financial plan to handle your finances perfectly. Premium calculators also help here as it flawlessly calculates the approximate premium amounts and according to that you can plan your financial expenditure.

Types of Premium Calculators Of Bajaj Allianz Life Insurance

This company has come up with a wide range of premium calculators so that the policy-seekers can find out the right amount of coverage along with the right life insurance plan to cater to their needs and future goals. Here are the detailed descriptions of each of them.

Bajaj Allianz Term Insurance Calculator

It is a type of tool that the company offers to help you to determine the right amount of insurance coverage to meet your requirements and also to help your family to fulfill their dreams. With the help of this calculator, you can not only calculate the premium amount for your term insurance plan, but also you can compare the premiums of different term insurance plans available with the insurer and choose the suitable one.

The detailed process of how to use it:

To know this better, follow the below steps.

  • Go to the official website of the Bajaj Allianz Life Insurance Company, and scroll down a bit.
  • There you will find the Term Insurance Calculator option. Click on that.
  • On the landing page, you need to fill the blanks with certain details such as your annual income, the expected increase in income, the percentage of income you spend on yourself, etc.
  • Once you are done with putting all the required credentials, the right coverage amount to secure your family’s goals will be displayed before you calculated on the basis of the given data.
  • Keeping in mind that amount, you can now search for the Life Goal Products by clicking on the link that is available at the bottom of that page.
  • Once you have found a suitable plan, you can buy it either online or offline, according to your convenience.

Bajaj Allianz ULIP Calculator

Before investing your hard-earned money, you need to use the ULIP premium calculator to have an idea of various facts about ULIP plans. This handy online tool helps the investors to get an approximate idea about the maturity amount that they can expect from their investing after a certain policy tenure. Since ULIP plans are subject to market risks, so the calculated value may vary.

The detailed process of how to use this:

To have a smooth calculating experience follow the below steps.

  • Go to the official website of the insurer, and you will find the ULIP Calculator option on the homepage if you scroll down a bit.
  • Click on that option and on the landing page, fill up the blanks with the required details.
  • In this case, the frequency of premium payment, premium payment amount, type of fund, rate of refund, and investment duration are very important. So put the data carefully.
  • Once you are done putting all the required details, the annual investment amount that you require will be displayed before you on the basis of the given data.
  • Also, you would be able to see the amount of investment in risk free instruments and investment in market linked instruments.
  • After assessing all these, now, you can choose a ULIP plan available with the insurer, according to your convenience.

Bajaj Allianz Child Plan Calculator

It is an easy-to-use online premium calculator that gives the parents a fair idea about the amount that they require to fulfill the life goals of their children such as marriage, higher education, etc. Additionally, the child plan calculator takes into account the inflation before suggesting the monthly amount needed to accumulate the desired amount. It is a very effective way to estimate the amount so that the parents can plan their budget accordingly.

The detailed process of how to use it:

Follow the below steps properly, and secure your children’s future.

  • Go to the official website of the company, and scroll down the homepage a little.
  • There will be the Child Plan Calculator option, click on that.
  • On the landing page, you need to put the necessary details such as your child’s name, approximate cost of the child’s goal, number of years within which the future fund should be ready, your expected inflation rate, and your expected annual rate of return.
  • After putting all the needed credentials, how much goal amount your child can achieve will be displayed before you, calculated on the basis of your given data.
  • And also, the amount of your basic investment per month will be displayed. Along with these, the company will suggest the most suitable plan for you as well.

Bajaj Allianz Retirement Calculator

To live the golden days of your life after retirement worry-free, you need to plan early for a retirement plan. And for that, the retirement calculator is the best option to use to assess the amount to be invested regularly to achieve the retirement goals. This calculator determines the monthly expenses you will need after retirement based on your current spending pattern, and thus helps you to do personal and financial planning.

The detailed process of how to use it:

Look at the below steps and follow these accordingly.

  • Visit the official website of Bajaj Allianz Life Insurance Company and on the lower portion of the home page, you will find the Retirement Calculator option.
  • Click on that.
  • On the landing page, you need to put in certain details such as your monthly expenses, how many years you are planning to work, for how many years you need the monthly income in the post-retirement period, your expected rate of inflation, and your expected annual rate of return to determine the required value.
  • On the basis of your given data, the calculator will show you the required corpus at retirement, and also will recommend the best retirement plan available with the insurer.

Bajaj Allianz Investment Calculator

An investment calculator is an online tool that has made investing easy and also helps you to choose the right investment insurance plan to that you have financial stability. This calculator requires certain details to generate the future value of an investment. As to fight against inflation and other expenses, it is required to invest in a long-term plan to build the financial corpus, the investment calculator fairly calculates the required monthly or periodic investment value.

The detailed process of how to use it:

Have a look at the following steps to have a clear idea about how you can use them.

  • Go to the official website of the insurer.
  • Scroll down the homepage a bit, and you will find out the Investment Calculator option. Click on that.
  • On the landing page, put the required details such as your age, how much you like to invest monthly, for how long you want to invest, and your expected rate of return.
  • On the basis of the given data, the calculator will show you the goal amount you can achieve, and for that what would be your monthly investment.
  • Now, you can invest in an investment product of the company as per your choice.

How Does Bajaj Allianz Life Insurance Premium Calculator Work?

To have a comprehensive idea about how the life insurance premium calculator of this company works, here is an example. Have a look at that.

Suppose, Mr. Sen a 36-years-old Mumbai-based businessman wants to buy a ULIP plan from this insurer. But before investing his hard-earned money, he wants to calculate how much amount he needs to invest to build his desired corpus. For this, he has visited the official website of the company and he has found the ULIP Calculator option on the homepage. Once he has clicked on that, a new page has appeared before him. Now, he has to put the certain details to find out how much he needs to invest annually. Once he has put all the required details, the amount is displayed before him, and now, on the basis of that, he can buy a desirable ULIP plan from the insurer.

Let us find out how much Mr. Sen has to pay for achieving his life goals and build a financial corpus.

Parameters Values 
The amount he needs to fulfill his life goalsRs. 50 lakhs
How long he is willing to invest to achieve his life goal20 years
How he likes to divide his investmentsRisk-free instruments – 50%
Market linked instruments – 50%
Expected rate of returnRisk-free instruments – 7%
Market linked instruments – 12%
Mr. Sen needs to invest annuallyRs. 95,679
Investment in risk-free instrumentsRs. 60,982
Investment in market linked instrumentsRs. 34,697

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