Bajaj Life term life insurance review
What their own claim record says, and which of their plans is worth your money.
Bajaj Life settles 99.32% of claims and draws 2.77 complaints per 10,000 claims, fy 2024–26 (3-year average) from IRDAI disclosures. That is 3 of the 6 insurers we track in this category on settlement ratio. We review 1 of their term life insurance plan; eTouch II scores highest at 4.2/5.
- Claim settlement ratio
- 99.32%
- Complaints per 10,000 claims
- 2.77
- Settlement rank
- 3 of 6
- Our insurer score
- 4.45 / 5
- Book size
- ₹12,791 Cr
- Solvency ratio
- 3.52
Bajaj Life term life insurance plans we rate
| Plan | Score | Cover |
|---|---|---|
| eTouch II | 4.2 / 5 | ₹25 L – ₹10 Cr |
- eTouch II — If budget is the binding constraint, start here. You get the strongest solvency in the industry, a settlement ratio inside the top five, and a premium that undercuts HDFC Life by roughly 20%. What you give up is feature depth — there is no life stage boost, and the rider menu is short. For a 25-year-old buying a first cover, that trade is usually worth making.
What the claim record means
A settlement ratio is the share of claims an insurer paid in a year. It is the single most useful number about a company, and also the most easily misread: a high ratio on a small book says less than the same ratio on a large one, and it says nothing about how long a claim took or how hard it was to get paid. That is why we read it beside complaint volume — Bajaj Life draws 2.77 complaints per 10,000 claims — rather than on its own.
Both figures are fy 2024–26 (3-year average) from IRDAI Annual Report, insurer public disclosures & policy wordings. See how we score plans and insurers.
Frequently asked questions
What is Bajaj Life's claim settlement ratio?
99.32%, as fy 2024–26 (3-year average) from IRDAI disclosures. That ranks 3 of the 6 insurers we track in this category. Bajaj Life draws 2.77 complaints per 10,000 claims.
Is Bajaj Life good for term life insurance?
We rate 1 Bajaj Life plan in this category. Bajaj Life eTouch II scores highest at 4.2/5. If budget is the binding constraint, start here. You get the strongest solvency in the industry, a settlement ratio inside the top five, and a premium that undercuts HDFC Life by roughly 20%. What you give up is feature depth — there is no life stage boost, and the rider menu is short. For a 25-year-old buying a first cover, that trade is usually worth making.
How many complaints does Bajaj Life get?
2.77 complaints per 10,000 claims, fy 2024–26 (3-year average) from IRDAI's public grievance disclosures. Lower is better.
Compare Bajaj Life with other insurers
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Disclaimer: Figures shown here are compiled from IRDAI annual reports and public grievance disclosures, and from insurer public disclosures and policy wordings. Claim settlement ratios and complaint volumes are three-year averages for FY 2024–26. Premiums are indicative illustrations for the stated profile, not quotes — your actual premium depends on your age, health, city, habits and underwriting. Scores are Myinsurancebro's own assessment. Always read the official policy document and speak to an advisor before buying. Myinsurancebro is an IRDAI-licensed insurance advisor — we do not manufacture or underwrite any insurance product.