Overview of Bajaj Allianz Life Insurance Policy Status
Bajaj Allianz Life Insurance Co. Ltd. is one of the leading life insurance companies in India. The company serves customers with various life insurance policies designed to meet long-term goals, including life risk protection, savings, wealth creation, investment, and retirement plans. Tech-enabled processes and services back the company to offer its customers the best service experience
With its innovation and customer-centricity, the company has transformed into one of the fastest-growing life insurers in India. The insurer provides an efficient life insurance purchase process and eases policy-related activities, such as Bajaj Allianz Life Insurance policy status check, premium payment, claim assistance, etc.
Steps to Check Bajaj Allianz Life Insurance Policy Status
By keeping track of Bajaj Allianz Life Insurance policy status, you stay updated with the necessary information like sum assured, premium due date, date of maturity, etc. You can check Bajaj Allianz Life Insurance policy status online in the following manner:
For New Customers:
Visit the official website of Bajaj Allianz Life Insurance.
Go to the ‘Login’ option available at the top right corner of the homepage.
In the customer section, click on the ‘Register’ option.
Click on the ‘new user’ and register by providing valid details, like mobile number, email ID, etc.
After you click the ‘submit’ button, create your profile.
Set your User ID and Password and click on the submit button.
Done! You have successfully registered with Bajaj Allianz. You can use your created user ID and password to check the Bajaj Allianz Life Insurance policy status.
For Existing (Registered) Customers:
Visit the official website of Bajaj Allianz Life Insurance.
Go to the ‘Login’ option available on the top right corner of the homepage.
Select ‘Login’ in the Customer option.
Login with your valid User ID/ mobile number/ email ID and password.
Receive ‘Receive OTP,’ on your registered mobile number. .
Alternatively, log in with your Gmail and Facebook accounts.
Verify the details or OTP and click on ‘Login’.
On successful login, the customer can check Bajaj Allianz policy status with the policy number
When the Policyholder Forgets the Password:
There is a chance that you may forget your password. Follow the simple steps below to revive your password and check Bajaj Allianz insurance policy status:
Visit the official website of Bajaj Allianz Life Insurance.
Click on the login option and select customer login.
On the login page, select the ‘forgot password’ option.
Enter the details such as User ID, mobile number, or email address and click the ‘forgot password’ button.
You will receive a reset link on your registered email ID.
Go to your mail and click on the link received. You will be redirected to the password reset page.
Reset your password and submit.
Next time, use the new password to log in to your customer account and check Bajaj Allianz policy status.
Check Bajaj Allianz Insurance Policy Status Offline
Customers who cannot use online methods can opt for simple and hassle-free methods of checking Bajaj Allianz life policy status offline, which are:
On Call Support:
Policyholders may have different policy-related queries during the policy term. To get the details on Bajaj Allianz insurance for new customers, use the given contact details:
| Related Query | Toll-Free Number |
|---|---|
| Policy service | 1800-209-7272 |
| Online purchase or renewal | 1800-209-4040 |
| Premium paid, but policy not issued | 1800-266-0350 |
Call Back Support :
If you have any questions related to Bajaj Allianz policy purchase, give a missed call to 8080570000. Bajaj Allianz partners will call you back to assist you through the policy purchase process.
Visit Nearest Branch:
Policyholders can directly visit the nearest branch office of the company to get Bajaj Allianz Life Insurance policy status by policy number. To simplify the process, you can visit the website and use the Branch Locator facility to find the nearest branch.
SMS Service:
The policyholders can use the SMS service to get Bajaj Allianz life policy status by sending a specific text message to 9225850101:
| Service | Text Message Format |
|---|---|
| Call back for the premium payment renewal | RENEW |
| Call back for policy service related | SUPPORT |
| Call back for reinvestment queries | REINVESTMENT >policy number< |
| Branch address | BRANCH PIN CODE |
| Account statement | ACCTSMT >policy number< |
| IT Certificate | TAXCERT >policy number < |
| Policy fund value | FV >policy number < |
| Email ID update | EREG Unique ID * DOB of the policyholder in DDMMYY and email ID |
| Fund switching queries | FSWITCH |
| Claim Status | Claim policy number |
Email Service:
To get email support, the policyholder can send queries to customercare@bajajallianz.co.in. The customer support team will share the detailed status by email.
Alternate Methods of Checking Bajaj Allianz Policy Status
Using Twitter Account:
Bajaj Allianz policyholders can connect with the support team on their Twitter account to get assistance related to the policy. The policyholder can send a direct message or tweet to their insurance company @Bajajallianz using the following hashtags to raise your query.
| Hashtag | Support |
|---|---|
| #cutomersupport | Details related to the customer support center |
| #claims | Claim process |
| #branch | Locate the nearest branch |
| #quote | Receive a quote on premium |
| #policy | Soft copy of the policy |
| #buy | Policy purchase |
| #pstatus | Policy status update |
| #cstatus | Claim status update |
‘Live Chat’ Facility:
Bajaj Allianz has made policy-related assistance easier for the policyholders. Now, the policyholders can use the ‘Live Chat’ feature and get the Bajaj Allianz policy status by following the given steps:
- Visit the official website of Bajaj Allianz Life Insurance.
- Click on the ‘Live Chat’ pop-up available on the homepage.
- Select the ‘BOING our Customer Service Assistant’ option.
- Here, select the suitable option that matches your query.
- Provide the details asked.
- You will see the details related to it on the chat.
Importance of Managing Your Bajaj Allianz Life Insurance Policy
For an individual, purchasing a life insurance policy is the first step in securing one's financial future. Managing and reviewing the policy regularly is crucial to ensure that it continues to meet the individual's needs and provides the intended benefits. Here are the reasons why you should prioritize managing your Bajaj Allianz life insurance policy:
Policy Adjustments
When you regularly review your life insurance policy, you ensure it remains aligned with your life circumstances and goals. Major life events, such as marriage, family planning, buying a home, or any change in income, can impact your insurance needs. Adjusting the policy accordingly can ensure adequate coverage for the policy term as per your financial and life goals.
Beneficiary Information Updation
It is important to keep the beneficiary information updated according to different life situations, such as marriage, divorce, or childbirth. The updated nominee details ensure the benefits are distributed immediately and according to your wishes.
Policy Riders and Amendments
As life circumstances and medical conditions change, you may add or remove policy riders from the base policy. You keep the policy relevant to your life goals by periodically assessing.
Timely Premium Payments
Regular premium payments are important to keep the policy in force and claim the predetermined benefits. Setting up automated payments or reminders can help avoid missed payments, leading to policy lapses.
Gain Tax Benefits
Understanding the tax implications of your life insurance policy is also important. For instance, the death benefit is usually tax-free under Section 10 (10D) for beneficiaries. But when you borrow against the cash value or surrender, the policy may have tax consequences.
Track the Policy Performance
A cash value accumulates over time if you have a permanent life insurance policy (such as whole life or universal life). When you monitor and manage this cash value, you can borrow loan against it in an emergency.
Claim Settlement
An adequately running policy is eligible to receive benefits as defined at the time of policy purchase. When you keep the policy documents accessible and provide clear instructions to the beneficiaries, it can help during the claim settlement process for your loved ones.
Tips for Effective Bajaj Allianz Life Insurance Policy Management
Managing your Bajaj Allianz life insurance policy effectively requires ongoing attention and proactive measures to ensure uninterrupted benefits. You can follow the given policy management tips:
Understand Policy Terms
Go through all the terms and conditions of your Bajaj Allianz insurance policy. This includes the policy benefits, optional riders, coverage customization options, payment frequency, inclusions and exclusions of your policy. Clear understanding helps you make informed financial decisions.
Set Premium Payments Reminders
You can conveniently switch to automatic premium payments through your bank or set payment reminders based on payment frequency. Timely premium payments can help prevent policy lapses.
Update Beneficiary Information
Review and update beneficiary details whenever your circumstances change to ensure your beneficiary information is always up to date.
Regular Policy Reviews
You must keep the policy intact with changing circumstances to ensure it is helpful during a significant life event. Set reminders to review your policy annually.
Consider Policy Riders
Regularly evaluate whether adding or removing riders can benefit you in current or future life circumstances. Discuss what rider options are available and what suits your requirements.
Conclusion
Keeping track of the Bajaj Allianz policy status lets you stay updated on important policy dates and updates. Depending on your suitability, you can use online and offline methods to check the status of your Bajaj Allianz policy. Regular status checks update you on policy coverage, premium details, and other important aspects.
For any policy-related queries or questions, contact Bajaj Allianz customer support.