Things To Know As A Life Insurance Customer

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Everything You Need To Know As A Life Insurance Customer

27th Sep, 2013

As an insurer, we wish to provide you with great, transparent service. Too often customers purchase insurance without knowing the fine-print of the policy and the requisite processes.

In this article, we tell you all you need to know as a life insurance customer!

WHILE BUYING

Ensure you fill the proposal form correctly and give your complete details
Do not sign on a blank proposal form
Disclose “all material information” about your health and family history
Select the correct term of the policy/ premium you can afford to pay
Ensure you give the complete details about the nominee/ s

AFTER BUYING

Comply immediately incase any additional documents are asked for by the insurance company
Check that all the details in the policy bond are correct and as given by you
In case of any doubts/ incorrect information, contact the insurance company official immediately for clarification/ correction
Pay your premium regularly as and when due to avoid lapsation or other penalties
Any change of address, contact number, nominee, beneficiary should be intimated immediately to the insurance company

AT THE TIME OF CLAIM

Death Claim Process
Maturity Claim Process
Rider Claim Process

KNOW YOUR RIGHTS

If you disagree to any of the terms or conditions in the policy, you can cancel the life insurance policy within 15 days from the date of receipt of the policy document
In such type of cancellation you are entitled to get a refund of the premium paid after deduction of the applicable charges
In case of ULIP, you can: Make partial withdrawals, Make fund switches, Make premium redirection

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BAJAJ ALLIANZ HOUSE, Airport Road,
Yerawada, Pune 411 006,
Maharashtra
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Sales: 1800-209-4040
Service: 1800-209-7272
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Disclaimer

1. This is official blog of Bajaj Allianz Life Insurance Co. Ltd. This blog is for general information purposes only and does neither purport to be comprehensive or complete nor does it constitute financial, tax, legal or other professional advice on any aspect including Life Insurance, financial issues related to life insurance and/or any investment. Any information derived from this Blog shall NOT be considered for making any Insurance or investment related decisions in future. Nor does use of this blog create an Insurer- Policy Holder relationship between you (visitor) and Bajaj Allianz Life Insurance Co. Ltd. ("Bajaj Allianz")

2. The contents, news, information, art work, text, video, audio, or picture (collectively "materials") content on our Blog are protected by the copyrights laws. You may only access and use the material for personal or educational purposes. Any alteration/modification either in whole or in part or usage of the materials for other than educational and personal purposes violates the copyrights laws. You shall not modify/alter any material on the Blog for any purpose without Bajaj Allianz's written consent.

3. This Blog is protected by intellectual property rights and is the exclusive property of the Company. Any material that it contains, including, but not limited to, texts, data, graphics, pictures, sounds, videos, logos, icons or html code is protected under intellectual property law and remains the Company's or third party's property. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties.

4. The contents of this Site do not in any way constitute investment advice and should not be construed as an offer to sell, a solicitation to buy, or an endorsement or recommendation of any company or security. Bajaj Allianz disclaims all responsibilities for investment decisions based on the content of this Blog or the dissemination or distribution of this Communication to a third party. Users are responsible for seeking the advice of professionals, as appropriate, regarding the information, opinions, advice or content available on this Blog. We make no express or implied warranties or representations on the comments, opinions, articles, views given in this Website/Blog and Bajaj Allianz disclaims all warranties, whether express, implied, or statutory, including but not limited to warranties as to accuracy, reliability, usefulness, completeness, merchantability, or fitness of information for any particular purpose, non-infringement and any damages ensuing thereby. In no event shall Bajaj Allianz (including its group company, affiliates, promoters) or its founders, directors, officers, agents, employees or content providers be liable for any direct, indirect, special, incidental, exemplary, punitive or consequential damages, whether or not advised of the possibility of such damages including without limitation, those pertaining to lost profits to any Bajaj Allianz subscriber, participant, customer, or other person or entity for furnishing of information or arising from the contents/use of this Blog, Bajaj Allianz shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.

5. The opinions expressed at or through this blog are the opinions of the individual author and may not reflect the opinions of the Bajaj Allianz.

6. In addition, we make no representation that the operation of this site/Blog will be uninterrupted or error free, and we will not be liable for the consequences of any interruptions or errors. This site and its information, contents, materials, products and services are provided on "as is" and "as available" basis.

7. This blog may include market Analysis. All ideas, opinions and/or forecasts, expressed or implied herein, are for information purpose only and should not be construed as a recommendation to invest, trade and/or speculate in the markets. Any investments, trades and/ or speculations made in the light of the ideas, opinions and/or forecasts expressed or implied, are committed at your own risk, financial or otherwise.

You understand and agree that your use and access of this site is at your own risk.

8. ¹© 2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

1. This is official blog of Bajaj Allianz Life Insurance Co. Ltd. This blog is for general information purposes only and does neither purport to be comprehensive or complete nor does it constitute financial, tax, legal or other professional advice on any aspect including Life Insurance, financial issues related to life insurance and/or any investment. Any information derived from this Blog shall NOT be considered for making any Insurance or investment related decisions in future. Nor does use of this blog create an Insurer- Policy Holder relationship between you (visitor) and Bajaj Allianz Life Insurance Co. Ltd. (“Bajaj Allianz”) 2. The contents, news, information, art work, text, video, audio, or picture (collectively "materials") content on our Blog are protected by the copyrights laws. You may only access and use the material for personal or educational purposes. Any alteration/modification either in whole or in part or usage of the materials for other than educational and personal purposes violates the copyrights laws. You shall not modify/alter any material on the Blog for any purpose without Bajaj Allianz’s written consent. 3. This Blog is protected by intellectual property rights and is the exclusive property of the Company. Any material that it contains, including, but not limited to, texts, data, graphics, pictures, sounds, videos, logos, icons or html code is protected under intellectual property law and remains the Company’s or third party’s property. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. 4. The contents of this Site do not in any way constitute investment advice and should not be construed as an offer to sell, a solicitation to buy, or an endorsement or recommendation of any company or security. Bajaj Allianz disclaims all responsibilities for investment decisions based on the content of this Blog or the dissemination or distribution of this Communication to a third party. Users are responsible for seeking the advice of professionals, as appropriate, regarding the information, opinions, advice or content available on this Blog. We make no express or implied warranties or representations on the comments, opinions, articles, views given in this Website/Blog and Bajaj Allianz disclaims all warranties, whether express, implied, or statutory, including but not limited to warranties as to accuracy, reliability, usefulness, completeness, merchantability, or fitness of information for any particular purpose, non-infringement and any damages ensuing thereby. In no event shall Bajaj Allianz (including its group company, affiliates, promoters) or its founders, directors, officers, agents, employees or content providers be liable for any direct, indirect, special, incidental, exemplary, punitive or consequential damages, whether or not advised of the possibility of such damages including without limitation, those pertaining to lost profits to any Bajaj Allianz subscriber, participant, customer, or other person or entity for furnishing of information or arising from the contents/use of this Blog, Bajaj Allianz shall have no responsibility for any damage to User’s computer system or loss of data that results from the download of any content, materials, information from the Site. 5. The opinions expressed at or through this blog are the opinions of the individual author and may not reflect the opinions of the Bajaj Allianz. 6. In addition, we make no representation that the operation of this site/Blog will be uninterrupted or error free, and we will not be liable for the consequences of any interruptions or errors. This site and its information, contents, materials, products and services are provided on “as is” and “as available” basis. 7. This blog may include market Analysis. All ideas, opinions and/or forecasts, expressed or implied herein, are for information purpose only and should not be construed as a recommendation to invest, trade and/or speculate in the markets. Any investments, trades and/ or speculations made in the light of the ideas, opinions and/or forecasts expressed or implied, are committed at your own risk, financial or otherwise. You understand and agree that your use and access of this site is at your own risk.

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