A Non-Linked, Non-Participating, Individual Life Insurance Term Plan

Apply Now

High Life Cover
Extra Payout in case of Accidental Death²
Flexible Policy Payout Options
Return of Premium

High Life Cover
Extra Payout in case of Accidental Death²
Flexible Policy Payout Options
Return of Premium

Overview
Plan Option
Eligibility
Disclaimer
FAQs

Apply Now

Bajaj Life eTouch II

Bajaj Life eTouch II is an affordable Term Plan that comes with 3 plan variants, giving you the choice of coverage that suits your financial needs. The plan is designed to provide comprehensive protection with 3 different variant providing inbuilt benefits such as Waiver of Premium, additional payout in case of accidental death², Return of Premium on maturity⁴ if you outlive the policy term and the choice of additional riders at a nominal extra cost.

It also provides flexibilities such as Exit Early¹ when your financial responsibilities reduce, opt to defer your premium payment by up to 12 months through the Auto Continuance Benefit and also decide how your family receives the Policy Payout in your absence. To further support your overall health and well-being, the plan comes with free Health Management Services.

So, if you are young individual, sole earner, working women or have dependents and want to secure your family’s financial future, then you may consider Bajaj Life eTouch II as your protection shield. Read More

Read Less

FEATURES

High Life Cover

You can get high life cover at an affordable premium

Extra Payout in case of Accidental Death

Get additional death benefit over your base sum assured in case of death due to accident².

Flexible Policy Payout Options

Your family can receive the death benefit as lump sum, monthly income, or combination of both.

Return of Premium

Under Life Shield ROP, you get back all premiums paid if you outlive the policy term.

Premium Holiday

You can Skip Premiums Without Losing Life Cover, for premium payment term of 1,2 or 3 years during policy term.

Life Stage Upgrade option

Increase your sum assured during major life milestones according to your need under Life Shield and Life Shield Plus.

Early Exit with Total Paid Premiums Back

Exit early¹ and get back your total premiums paid³ once you have completed 25 policy years and are at least 60 years old.

Auto Cover Continuance

You can defer your Premium by up to 12 Months while keeping your Life Cover active.

PLAN VARIANTS

Features	Life Shield	Life Shield Plus	Life Shield ROP
Death Benefit	Yes	Yes + Accidental Death Benefit	Yes
Maturity Benefit	No	No	Return of Premium
Waiver of Premium on Accidental Total Permanent Disability / Terminal Illness	Yes	Yes	Yes
Death Benefit Payout Options	Lump sum, Monthly income or combination of both	Lump sum, Monthly income or combination of both	Lump sum, Monthly income or combination of both
Auto Cover Continuance Benefit	Yes	Yes	Yes
Premium Holiday	Yes	Yes	Yes
Life Stage Upgrade	Yes	Yes	No
Early Exit1 Value	Yes	Yes	No
Maturity Benefit in Instalments	No	No	Yes

What are the Plan options available under Bajaj Life eTouch II?
Bajaj Life eTouch II offers 3 plan variants designed to meet diverse financial needs, that evolves with your life stages while ensuring your family remains financially protected under all circumstances.

What is offered under the Life Shield variant?
If you are looking for high life cover at an affordable premium, then Life Shield is the best choice for you. This is a pure term plan that provides death benefit in case of death of the life assured during the policy term.

What is offered under the Life Shield Plus variant?
Under the Life Shield Plus variant, you get an additional payout in case of an accidental death over and above the base sum assured for extra financial protection. This variant is suitable for people with frequent travel or higher-risk lifestyles.

What is offered under the Life Shield ROP variant?
Life Shield ROP offers a high life cover with return of premiums at maturity if no claim is made during the policy term.

If you are looking for a term plan that gives you a high life cover with flexible benefits and return of premium on maturity if you outlive the term, then Life Shield ROP is suitable for you.

Policy Documents

ELIGIBILITY

Eligibility

Click on Know More for Eligibility

Know More

Documentation

ID Proof
Age Proof

FAQ

Is Bajaj Life eTouch II available online?

Yes. The product is available for sale through online mode at www.bajajlifeinsurance.com, with an additional 6% premium discount on first year premium, for policies purchased through the online channel.

Does the premium increase in case Premium Holidays are opted or is it an in-built benefit?

The premiums are calculated basis the number of premium holidays opted at inception.

What is Auto Cover Continuance Benefit in Bajaj Life eTouch II?

In this option, customer can defer premium payments up to 12 months with all policy benefit intact.

What is the maximum number of times the Auto Cover Continuance Benefit can be availed?

Customer can avail this benefit multiple times during the policy term with a gap of at least 5 policy years from the expiry date of previous Auto Cover Continuance Benefit.

Is any additional premium required to pay to maintain coverage during Auto Cover Continuance Benefit?

No additional premiums are required to maintain coverage during Auto Cover Continuance Benefit period.

What is Early Exit Value? What will I get If I make an Early Exit in Bajaj Life eTouch II?

Customers can exercise Early Exit¹ and get back their premiums plus underwriting extra premiums paid as Early Exit Value1 as per terms & conditions of the policy.

Can I get coverage up to age 99 under Bajaj Life eTouch II?

Yes. Under Life Shield and Life Shield Plus, you can opt for a policy term that covers you up to age 99, subject to a minimum policy term of 99 minus your entry age. For Life Shield Plus, the ADB coverage is available up to age 85. Under Life Shield ROP, the maximum policy term is 50 years.

How does the Accidental Death Benefit (ADB) under Life Shield Plus work?

If death occurs due to an accident during the ADB cover period (up to age 85), the nominee receives the ADB Sum Assured in addition to the regular Death Benefit. ADB can be set at 10%–100% of the base sum assured, with a minimum of ₹5 lakh and a maximum of ₹2 crore. For example, if the base sum assured is ₹1 crore and ADB is ₹1 crore, the total family payout on accidental death is ₹2 crore. ADB is always paid as lump sum regardless of the death benefit payout format chosen for the base benefit.

What is the Terminal Illness Benefit and how is it paid?

If the Life Assured is diagnosed with a terminal illness (certified likely to cause death within 6 months) during the policy term: if the sum assured is ₹2 crore or less, the full sum assured is paid and the policy terminates; if the sum assured exceeds ₹2 crore, ₹2 crore is paid immediately, the policy continues for the balance sum assured with all future premiums waived, and the balance is paid on death. The Terminal Illness Benefit is an acceleration of the Death Benefit — not an additional benefit.

What happens if I am permanently disabled due to an accident?

Under all three variants, if the Life Assured suffers Accidental Total Permanent Disability (ATPD), all future premiums are waived, and the policy continues in full force. Under Life Shield ROP, the full Maturity Benefit also remains payable at the end of the policy term even if ATPD triggered a premium waiver — giving both disability protection and maturity assurance in one.

How does the Return of Premium work under Life Shield ROP?

If the Life Assured survives the full policy term under Life Shield ROP, the Total Premiums Paid are returned as a Maturity Benefit. If no TI claim was made, 100% of premiums are returned. If a partial TI benefit was paid earlier, the maturity benefit is proportionally reduced. The payout can be taken as a lump sum, or in 5 yearly instalments where each instalment is the maturity benefit divided by 5 and enhanced by 20%.

How does the Premium Holiday work?

You can skip premium payments for 1, 2, or 3 policy years (chosen at inception, cannot be changed) with your full life cover remaining intact. The first holiday is available after 5 completed policy years, with all prior premiums paid. If multiple holidays are chosen, each subsequent holiday must be at least 5 policy years after the previous one. The feature requires both the policy term and PPT to be 20 years or more. Premiums not paid during a holiday are excluded from Total Premiums Paid for maturity calculations under Life Shield ROP.

What is the Early Exit Value and who can avail it?

Under Life Shield and Life Shield Plus, once you complete 25 policy years and are at least 60 years old, you can exit voluntarily and receive all premiums paid back in full. This option cannot be exercised in the last 5 years of the policy and is not available if a Life Stage Upgrade has been taken. No additional premiums are needed — the policy terminates on payment. Early Exit Value is not available under Life Shield ROP.

Can I increase my sum assured after buying the Bajaj Life eTouch II policy?

Yes, under Life Shield and Life Shield Plus — not under Life Shield ROP. Before age 45, you can increase your sum assured at five life events without fresh medical underwriting: marriage (50%, max ₹50 lakh), birth/adoption of 1st child (25%, max ₹25 lakh), birth/adoption of 2nd child (25%, max ₹25 lakh), home loan (25%, max ₹50 lakh), education loan for child (25%, max ₹25 lakh). Total upgrade is capped at 100% of original sum assured. Once increased, it cannot be decreased.

How can my family receive the death benefit in Bajaj Life eTouch II?

You choose at inception: 100% lump sum; 100% monthly income over 5, 10, 20, 30, or 40 years; or a combination — 10%–90% as lump sum and the rest as monthly income for the chosen period. Even after income payments have started, the nominee can convert all remaining future instalments into a lump sum at a 5% discounted present value.

What is the Auto Cover Continuance Benefit in Bajaj Life eTouch II?

This feature lets you defer a premium payment by up to 12 months without any interest or late fee, while maintaining full risk cover. You can use it multiple times during the PPT, with at least a 5-year gap between uses and after at least 3 completed policy years. You must inform the company at least 30 days (15 days for monthly mode) before the premium due date. At the end of the period, the deferred premium plus the next due premium must both be cleared by the end of the grace period. The Benefit shall not be available during the last year of the premium paying term. If the outstanding premium and the next due premium by the end of the grace period (for the next due premium) are not paid, the policy will be converted into a lapsed/paid-up policy, as applicable.

What riders are available with Bajaj Life eTouch II?

You can enhance your coverage with five optional riders: Bajaj Life Family Protect Rider; Bajaj Life New Critical Illness Benefit Rider; Bajaj Accidental Death Benefit Rider (available with Life Shield and Life Shield ROP only); Bajaj Accidental Permanent Total/Partial Disability Benefit Rider; and Bajaj Life Care Plus Rider Non-Linked.

What are the tax benefits available with Bajaj Life eTouch II?

Premiums paid and Death Benefit may be eligible for tax benefits under the prevailing Income Tax Act, subject to conditions and as amended from time to time. You are advised to consult your tax consultant before claiming any benefit.

Disclaimer

Bajaj Life Insurance Ltd.(Formerly known as Bajaj Allianz Life Insurance Company Limited)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS- IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.Read More

Risk Factors and Warning Statements:Bajaj Life Insurance Limited and Bajaj Life eTouch II are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance. com) carefully before concluding a sale Red. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006. IRDAI Reg. No.: 116. CIN: U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212, Mail us: customercare@bajajalife.com. Bajaj Life eTouch II (UIN: 116N198V08) is A Non-linked Non- Participating Individual Life Insurance Term Plan. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limted to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

¹Early Exit Value is available with Life Shield & Life Shield Plus variants not available if Life Stage Upgrade Sum Assured has been taken in the base policy.

²Accidental Death Benefit is available with Life Shield Plus variant

³Total Premiums paid shall be the total of all premiums received, exclusive of taxes, extra premium, loadings for modal premiums, if any. Please note that cess, if any, will be collected over and above the premium under the policy.

⁴Maturity Benefit is available with Life Shield ROP variant

IDFC FIRST Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0106. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.

BLIC-WC-EC-22650/26Read Less