Bajaj Life eTouch II is a comprehensive policy that provides life cover and additional benefits, such as terminal illness coverage. It comes in three variants: Life Shield, Life Shield Plus, and Life Shield ROP. The plan also allows you to add riders such as Critical Illness Benefit and Accidental Permanent Total or Partial Disability Benefit.
The plan is competitively priced for most healthy individuals. For example, a 25-year-old from a tier-1 city like Delhi can get ₹2 crore of cover for an annual payment of ₹14,000-₹16,000.
This guide is perfect for first-time buyers, primary breadwinners, and people comparing options before they buy term insurance.
If you're looking for a simple term insurance plan that protects your family financially, you’ve probably come across the Bajaj Life eTouch II plan. But is it actually worth buying? In this Bajaj Life eTouch II review, we’ll break down its features, premiums, riders, and performance, so you can decide if this Bajaj term plan fits your needs.
Are you confused between Bajaj eTouch II and other term insurance plans? Book a call or chat on WhatsApp with our expert advisors.
Key Features of Bajaj Life eTouch II
Parameter
Life Shield
Entry Age
Minimum: 18 years, maximum: 65 years
Maturity Age
Minimum: 28 years, maximum: 85 years (99, if you've opted for whole life coverage)
Sum Assured
₹50 lakh to no limit (depending on underwriting)
Premium Payment Term
Regular or limited pay
Premium Payment Frequency
Yearly, half-yearly, quarterly, and monthly
The Bajaj Life eTouch II is a pure term insurance plan that comes in three variants:
Life Shield: You receive the death and terminal illness benefit, and the insurer waives future premiums if you suffer an accidental total permanent disability or are diagnosed with a terminal illness.
Life Shield Plus: In addition to what you get with Life Shield, you also get the Accidental Death Benefit.
Life Shield ROP: Apart from what you get with Life Shield, you also get your base premiums back at maturity if the policyholder survives the policy term.
Note: While the Life Shield ROP variant looks attractive on paper, the reality is quite different. Return of Premium (ROP) plans are usually 80% to 100% more expensive.
Built-In Features Available with Bajaj Life eTouch II
01
Life Stage Upgrade
This feature lets you increase your coverage as your responsibilities grow, subject to underwriting requirements, documentation, and additional premiums. The increase depends on the event. For instance, you can increase your sum assured by 50% (up to ₹50 lakh) on marriage, 25% (up to ₹25 lakh) on the birth or adoption of each child (up to 2), 25% (up to ₹50 lakh) for a home loan and 25% (up to ₹25 lakh) for a child’s education loan.
02
Early Exit Value
The Early Exit Value feature allows you to exit the policy after 25 policy years, subject to conditions. You must be at least 60 years old to exercise this benefit, and it cannot be used in the last 5 years of the policy.
03
Health Management Services
The plan offers wellness-related rewards, such as psychologist consultations, nutrition and diet counseling, teleconsultations, and health check-ups through the insurer’s Life Assist app.
04
Cover Continuance
After completing 3 policy years, policyholders may defer premiums for 12 months and remain covered under their term plan. This benefit can be exercised multiple times. A 5-year gap is required between the last time it was exercised and the next time.
05
Instant Payout
An immediate payout of ₹2 lakh from the base sum assured is made within 3 working days of claim registration and document submission. The remaining sum assured is processed after claim approval.
CTA
Premiums for Bajaj Life eTouch II
Profile
Sum Assured: ₹1 Crore
Sum Assured: ₹2 Crore
25, Male
₹9,667
₹15,474
25, Female
₹9,180
₹14,482
30, Male
₹12,299
₹20,132
30, Female
₹10,063
₹16,234
35, Male
₹15,148
₹25,311
35, Female
₹13,146
₹21,675
For this example, we’ve considered profiles of healthy individuals living in a tier-1 city like Delhi and covered until age 65. The premiums are indicative and can vary depending on underwriting.
Riders Available in Bajaj Life eTouch II
Critical Illness Rider
This rider pays out a lump-sum benefit upon diagnosis of the specified 10, 25, or 60 critical illnesses, such as cancer, heart attack, or stroke. The maximum duration for this rider is 20 years, with a 14-day survival period and a 90-day waiting period.
Accidental Death Benefit Rider
With this rider, your nominee receives an additional payout equal to the rider's sum assured if death occurs due to an accident. This is in addition to the base death benefit, effectively increasing your total cover in case of accidental death.
This rider provides 100% of the rider's sum assured in the event of total and permanent disability resulting from an accident. In the event of partial or permanent disability due to an accident, the policyholder receives 50% of the rider’s sum assured. There’s also a 180-day waiting period.
Apart from the listed riders, Bajaj Life eTouch II also offers Life Care Plus and Family Protect add-ons. To learn more about which riders we typically recommend at Ditto, read our comprehensive guide on term insurance riders.
Performance Metrics: Bajaj Life Insurance
Operational Metrics (Average of FY 22-25)
Bajaj Life Insurance
Industry Average
Claim Settlement Ratio (CSR)
99.21%
98.66%
Amount Settlement Ratio (ASR)
93.42%
94.83%
Complaint Volume (Per 10,000 Claims)
3.95
17.67 (Median)
Solvency Ratio
4.37x
2.04x (Median)
Annual Business Volume (Crore)
₹11,508
₹3,411.73 (Median)
Amount Paid in Death Claims
₹693.7
₹195.05 (Median)
The above metrics are for the insurer's entire life insurance segment, which includes ULIPs, term insurance, savings, and other products. Although Bajaj Life doesn’t reveal plan-specific metrics, you can still use the above as a reference. For more details on what these metrics mean and how they impact you, check out our detailed guide on Bajaj Life Insurance.
Who Should Buy the Bajaj Life eTouch II Plan?
This plan may be a good fit if you:
Want a comprehensive and affordable term plan.
Prefer a company with strong operational metrics and a solid brand.
Like customization options through riders.
Prefer buying insurance online.
Why Choose Ditto for Term Insurance?
At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why customers like Aaron below love us:
No-Spam & No Salesmen
Rated 4.9/5 on Google Reviews by 15,000+ happy customers
Backed by Zerodha
Dedicated Claim Support Team
100% Free Consultation
You can book a FREE consultation. Slots are running out, so make sure you book a call or chat on WhatsApp now!
Ditto’s Take on Bajaj Life eTouch II
The Bajaj Life eTouch II plan is a solid, feature-rich term plan that goes beyond basic protection, offering options such as life-stage upgrades, cover continuance, and early exit. The insurer’s strong claim settlement record and financial stability are definite positives, and the base premiums are competitive for younger buyers. That said, features like Return of Premium can make the plan unnecessarily expensive, and most people are better off sticking to the simpler variants.
Overall, it’s a good term insurance option by Bajaj Life if you value flexibility. It also features in our list of the best term insurance plans in India.
Frequently Asked Questions
What is Bajaj Life eTouch II, and what does it cover?
Bajaj Life eTouch II is an online pure term insurance plan that provides life cover and terminal illness benefit, with various in-built features and optional riders. It comes in three variants: Life Shield, Life Shield Plus, and Life Shield ROP. The base plan pays a death benefit to your nominee if you pass away during the policy term. It's designed for individuals who want straightforward financial protection for their family.
What are the three variants of Bajaj Life eTouch II, and how are they different?
Bajaj Life eTouch II has three variants. Life Shield is the basic option covering death and terminal illness, and waives future premiums if you suffer an accidental total permanent disability or are diagnosed with a terminal illness. Life Shield Plus adds an Accidental Death Benefit. Life Shield ROP returns all base premiums at maturity if you survive the policy term. Each variant builds on the previous one, so premiums increase accordingly. For most buyers, Life Shield offers the best value.
Is the return of premium option in Bajaj eTouch II worth it?
At Ditto, we generally do not recommend the Return of Premium (ROP) variant in Bajaj Life eTouch II. ROP plans are typically 80%-100% more expensive than pure term plans. At maturity, only your base premiums are returned, with no interest, profit, or capital gain. Rider premiums are excluded from the refund. A smarter approach is to buy the base Life Shield variant and invest the premium difference in instruments like mutual funds, PPF, or fixed deposits, which are likely to generate actual returns over the same period.
What is the premium for Bajaj Life eTouch II for a 25-year-old?
For a healthy 25-year-old male living in a tier-1 city like Delhi, a ₹1 crore cover under Bajaj Life eTouch II costs approximately ₹9,667 per year, while a ₹2 crore cover costs approximately ₹15,474 per year. For a 25-year-old female, the same covers cost ₹9,180 and ₹14,482, respectively. These premiums are for coverage up to age 65. Women generally pay lower premiums due to higher life expectancy. Premiums increase significantly with age, so buying early locks at a lower rate.
What is the claim settlement ratio of Bajaj Life Insurance?
Bajaj Life Insurance has a Claim Settlement Ratio (CSR) of 99.21% for FY 2022-25, which is higher than the industry average of 98.66%. This means the insurer settles nearly all death benefit claims it receives. However, CSR alone doesn't tell the full story. The Amount Settlement Ratio (ASR), which measures the value of claims paid versus claimed, stands at 93.42% for Bajaj Life, slightly below the industry average of 94.83%. Both metrics together give a more complete picture of claims performance.
What is the entry age and policy term for Bajaj Life eTouch II?
Bajaj Life eTouch II allows entry from ages 18 to 65. The minimum maturity age is 28 years, and the maximum is 85 years, unless you've opted for whole life coverage. This long coverage window makes it suitable for people who want protection well into retirement age.
What is the life stage upgrade feature in Bajaj eTouch II?
The Life Stage Upgrade feature lets you increase your sum assured at key life milestones without undergoing fresh medical tests. You can raise cover by 50% (up to ₹50 lakh) on marriage, 25% (up to ₹25 lakh) per childbirth (up to 2) or adoption, 25% (up to ₹50 lakh) for a home loan, and 25% (up to ₹25 lakh) for an education loan for children. The total increase across all events is capped at 100% of your original sum assured. The maximum age to exercise this option is 45, and you must exercise it within 6 months of each qualifying event.
What is the premium holiday feature in Bajaj Life eTouch II?
The premium holiday feature lets you skip your premium payments for 1, 2, or 3 years while keeping your life cover active. You can use this option only after completing at least 3 policy years, and a minimum 5-year gap is required between two holidays. Importantly, you must decide the number of holidays at policy inception, as it cannot be changed later. This feature is helpful during temporary financial hardship.
Bajaj Life Customer Reviews
4.5
76 reviews
I've held a Bajaj Life term plan for five years. The policy was straightforward to purchase, premiums are competitive, and renewal has always been on time. A reliable insurer with a decent claim track record.
AB
Aditya Bose
My uncle's claim was settled by Bajaj Life within a month of intimation. The family received the full sum assured without any deductions. That experience gave me confidence to take a term plan with them as well.
GM
Gopal Menon
The critical illness rider on my Bajaj Life term plan is affordable and covers a good range of conditions. The policy terms are clearly worded and I haven't had any surprises. Satisfied with my choice overall.
TK
Tanvi Kapoor
Ditto helped me update my nominee details on my Bajaj Life policy without any hassle. Their team coordinated with the insurer directly and the change was processed within days. Their after-sales support is genuinely excellent.
MN
Meera Nambiar
My experience with Bajaj Life's customer service has been disappointing. Getting a response to even basic policy queries takes far longer than it should and follow-ups often go unanswered for days. For something as important as a term plan, that level of unresponsiveness is concerning and needs significant improvement.
SM
Saurabh Mishra
Last updated on:
Need a human touch?
Our advisors are here to help you pick the right plan.
Our advisors are here to help you pick the right plan.
