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Non-Linked · Non-Participating · Individual Term Plan
Life is full of "IF's."
Build the shield that answers them.
Bajaj Life eTouch II is a protection plan built to safeguard you and your loved ones from life's uncertainties — so your family's dreams stay intact even when the unexpected happens.
Key Advantages
Everything the plan is built to do for you
Straight from the brochure — the features that shape how eTouch II protects your family.
Benefits of Bajaj eTOUCH
01 Shield for life
Covers Death & Terminal Illness during the policy term.
02 Flexible premiums
Pay throughout the term, for a limited number of years, or till retirement (Age 60)..
03 Get your premiums back
Total Premiums Paid returned as Maturity Benefit under the Life Shield ROP variant.
04 Extra payout on accident
Accidental Death Benefit available with the Life Shield Plus variant
05 Choose the payout style
Lump sum, monthly income for 5/10/20/30/40 years, or a mix of both.
05 Auto Cover Continuance
Defer premiums by up to 12 months without losing your cover.
06 Exit early
Once your need for cover is over, exit and recover paid premiums as Early Exit Value (Life Shield & Life Shield Plus).
06 Premium Holiday
Skip premiums for 1, 2 or 3 years during the premium payment term, in-force cover intact.
Step 1 · Choose Your Variant
Three variants, three different jobs
The variant chosen at inception cannot be changed during the policy term.
Life Shield
Death Benefit
Terminal Illness
Waiver of premium on Accidental total permentent disability or Terminal illness AT
Life Plus Shield
Death Benefit
Terminal Illness
Accidental Death Benefit
Waiver of premium on Accidental total permentent disability or Terminal illness AT
Life Shield Return of Premium
Death Benefit
Terminal Illness
Accidental Death Benefit
Waiver of premium on Accidental total permentent disability or Terminal illness
Get all your premiums back with Return of Premium
How to build your policy - step 2 to 5
Step 3
Death Benefit payout
A one-time lump sum, monthly income for 5/10/20/30/40 years, or partly lump sum & partly income.
Step 2
Choose Sum Assured
Set your protection level. Life Shield Plus lets you also pick an ADB Sum Assured, paid alongside the Death Benefit on accidental death.
Step 4
Policy & Premium Payment Term
Choose how long you're covered and how long you pay premiums for
Step 5
Premium frequency
Yearly, half-yearly, quarterly or monthly — your premium depends on age, gender, sum assured, variant, payout option, term & frequency.
Lets see with an example
Ravi, aged 35 is a Doctor. He buys a Bajaj Life eTOUCH with a Sum Assuredo f ₹1 crorePayout and chooses the 100% lump sum option. Policy Term is 50 years and Premium Paying Term upto age 85. He pays premium annually.
Scenario 2
Passes away at Age 50
Diagnosed with Terminal Illness at Age 50
₹1 crore is paid as Terminal Illness Benefit. Policy terminates.
Scenario 1
Passes away at Age 50
Family receives ₹1 crore as a one-time lump sum. Policy terminates.
Scenario 3
Accident causes total permanent disability at 50
Future premiums waived off. Life cover continues to Age 85.
Eligibility
Who can apply, and for how long
Premium HolidayAll three variants
Skip premiums for 1, 2 or 3 years during the policy term (your choice, fixed at inception) — the policy stays in-force with full benefits, no premiums needed for that year.
Available only if Policy Term and Premium Payment Term are 20 years or more.
First Premium Holiday is available only after 5 completed policy years, policy in-force and premiums up to date.
If more than one year is chosen, each subsequent holiday needs a 5-policy-year gap from the previous one.
You must inform the company within the grace period to exercise it; unused holidays are waived off automatically as the last 1–3 policy year premiums.
Premiums skipped during a holiday are excluded from the Total Premiums Paid calculation, and the Life Stage Upgrade feature is unavailable if a holiday is opted for.
Early Exit Value
Life Shield & Life Shield Plus only
Exit before maturity and get back all premiums paid, provided all due premiums are up to date and no prior claim has been taken. The higher of Early Exit Value or Termination Value is paid.
Early Exit Value = Total Premiums Paid + underwriting extra premium paid, both under the base policy.
The policy must be in force at the time of availing this value.
Can be exercised only after completing 25 policy years, when the Life Assured's minimum attained age is 60, and not during the last 5 policy years.
Not available if a Life Stage Upgrade Sum Assured has been taken.
The policy terminates on payment of Early Exit Value. No additional premiums are needed to avail it.
Death Benefit Payment OptionAll three variants
Chosen at inception, in one of three ways:
100% of the benefit as a lump sum
X% as a lump sum and the rest as monthly income (X = 10%–90%)
100% as monthly income instalments
Instalments are paid monthly over 5, 10, 20, 30 or 40 years as chosen at inception; the first instalment is due on the date of death. Even after instalments begin, the nominee can convert remaining instalments into a lump sum at a 5% discount rate. TI Benefit and ADB Sum Assured are always paid as a lump sum; any Life Stage Upgrade Sum Assured is also paid 100% as a lump sum.
RIDERS
Enhance your cover further
Add optional rider benefits at a nominal extra cost.
Bajaj Life Family Protect Rider
The Bajaj Life Family Protect Rider is an optional rider that can be added to eligible - Bajaj Life eTOUCH. It is designed to provide additional financial protection to your spouse, parents, or children if the life assured dies or suffers Accidental Total Permanent Disability (ATPD)
Spouse Care
Supports your spouse financially.
Pays a lump sum (105% of rider premiums paid) plus a regular monthly income for the chosen benefit period after the rider benefit is triggered.
Parental Care
One of the most unique features in the market.
If the life assured dies or suffers ATPD, parents receive:
105% of the rider premiums paid as an immediate lump sum, plus
A monthly income (chosen between 0.1% and 0.5% of the Rider Sum Assured) for the rest of their lives.
When does the rider pay?
The rider benefit is triggered on the earlier of:
Death of the life assured, or
Accidental Total Permanent Disability (ATPD) of the life assured.
Example
Suppose Ravi buys:
Bajaj Life eTOUCH: ₹1 crore cover
Family Protect Rider – Parental Care: ₹50 lakh Rider Sum Assured
If Ravi unfortunately dies during the policy term:
His nominee receives the ₹1 crore base term insurance benefit (as per the base policy).
In addition, his parents receive:
105% of the rider premiums paid, and
A monthly lifelong income based on the option selected (for example, ₹10,000 per month in the brochure illustration).
Why it stands out
Unlike most term insurance riders that only increase the death benefit, the Family Protect Rider is designed to replace ongoing financial support for family members—especially ageing parents—through a regular income stream, making it particularly useful for people who financially support their parents or spouse.
Bajaj Life New Critical Illness Benefit Rider
Coming soon.
Bajaj Life Care Plus Rider Non-Linked
Bajaj Life Accidental Death Benefit Rider II
Available with Variant 1 (Life Shield) & Variant 3 (Life Shield ROP)
Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider II
Premium Rebates & Discounts
Ways your premium can come down
Exiting The Plan
Termination, surrender & tax benefits
Policy Loan
Not available under Life Shield or Life Shield Plus. Under Life Shield ROP, once the policy has acquired surrender value, a loan of up to 50% of the surrender value is available at the prevailing interest rate (currently 9% p.a. compounding half-yearly).
Life Shield & Life Shield Plus — Termination Value
Payable only under a limited premium payment term, and only after the PPT is complete (nothing payable during the PPT). Equal to [Termination factor × Total Premiums Paid], never less than any available Early Exit Value. Termination factors are not guaranteed.
Life Shield ROP — Surrender Value
Payable once one full year's premium is paid. The policy acquires a Special Surrender Value after year 1, and a Guaranteed Surrender Value after 2 full years' premiums. You receive the higher of GSV (guaranteed) or SSV (reviewed annually), capped at 100% of Total Premiums Paid.
Tax Benefits
Premium paid, Terminal Illness Benefit, Maturity Benefit, Early Exit Value and Death Benefit may be eligible for tax benefits under the extant Income Tax Act, as amended from time to time. Please consult your tax consultant for eligibility before claiming any benefit.
Terms & Conditions
The fine print, in plain terms
Revival
Apply within 5 years of the first unpaid premium, and before the end of the policy term.
Pay all due premiums plus applicable interest (currently 9% p.a., compounded half-yearly, benchmarked to the 10-year G-Sec yield + 2%) and applicable taxes.
Undergo medical examination at your own expense and provide evidence of continued insurability.
The company may revive or refuse revival based on Board Approved Underwriting Guidelines; if refused, the revival deposit is refunded.
Revival is effective only once the company specifically communicates it to you. All contractual benefits resume on revival.
Free Look Period
30 days from receipt of the Policy Document to review the terms. If you disagree and haven't made a claim, you can return the policy for cancellation. You'll be refunded the premium paid, less a proportionate risk premium for the period of cover, medical examination expenses and stamp duty — processed and refunded within 7 days of your request.
Grace Period
30 days from receipt of the Policy Document to review the terms. If you disagree and haven't made a claim, you can return the policy for cancellation. You'll be refunded the premium paid, less a proportionate risk premium for the period of cover, medical examination expenses and stamp duty — processed and refunded within 7 days of your request.
Key Definitions
Sum Assured on Death is the higher of (a) 10× Annualized Premium, or (b) Sum Assured plus total Life-Stage Sum Assured — never less than the Guaranteed Death Benefit of 105% of Total Premiums Paid to date of death.
Terminal Illness means a disease diagnosed by a Medical Practitioner and Our appointed Medical Practitioner as likely to lead to death within six months of certification.
Accidental Death means death caused by a sudden, unforeseen, involuntary event from external, visible and violent means, occurring independently of illness, within 180 days of the accident.
Accidental Total Permanent Disability means permanent, total disability from bodily injury caused by accident, resulting — within 180 days, solely and independently — in loss of both eyes, both arms, both legs, both feet, or a qualifying combination of one arm/hand and one leg/foot, documented over an uninterrupted 6-month period.
Non payment of Premiums
Life Shield & Life Shield Plus: The policy lapses at the end of the grace period if no due premium is paid — no paid-up value is available.
Life Shield ROP: If less than one full year's premium is paid, the policy lapses with no benefit payable. If at least one full year's premium is paid, the policy automatically converts to paid-up status instead of lapsing — the paid-up Death Benefit will never fall below 105% of Total Premiums Paid till date. No paid-up value is available for WOP benefit. Revival is available as per policy conditions.
Suicide Exclusion
If death by suicide occurs within 12 months of the policy commencement date or the date of the latest revival (whichever is later), the nominee receives the higher of 80% of Total Premiums Paid or the Surrender Value/Termination Value as on the date of death, provided the policy is in force.
Accidental Death Benefit — Exclusions
ADB is not payable if death results from: breach of law with criminal intent; being under the influence of alcohol or drugs (other than as prescribed by a registered medical practitioner); self-inflicted injuries; naval, military or air force operations during peacetime; participating in or training for a dangerous/hazardous sport, race or competition; suicide; aviation other than as a fare-paying passenger on a scheduled commercial flight; war, invasion, civil war, rebellion or riots; failure to follow medical advice; or nuclear contamination.
WOP on ATPD — Exclusions
The waiver will not trigger if the disability results from: breach of law with criminal intent; war, invasion, civil war, rebellion or riot; being under the influence of alcohol or drugs (other than as prescribed); naval, military or air force operations; participating in or training for a dangerous/hazardous sport, race or competition; aviation other than as a fare-paying passenger on a scheduled commercial flight; attempted self-injury; poison, gas or fume exposure; failure to follow medical advice; or nuclear contamination.
Termination of the Policy
The policy terminates, immediately and automatically, on the earliest of: expiry of the revival period for a lapsed policy; payment of TI Benefit with no remaining Death Benefit; death of the Life Assured (lump sum option) or the last Death Benefit instalment (instalment option); the Maturity Date (or last maturity instalment, for Life Shield ROP); payment of Termination/Surrender Value; payment of Early Exit Value; or refund on Free Look cancellation.