Bajaj Allianz Life Insurance introduces online insurance
Our Banking Bureau
27 January 2005
Mumbai: Bajaj Allianz Life Insurance Company Ltd., has launched online insurance registration through its sales portal for its various insurance products. One of the key benefits of online insurance is that a person can get a large cover without medical underwriting. As of now, the Unit Gain Plus 'single premium' and Unit Gain Easy Pension 'single premium' policies are available online.
Online insurance also brings customers the convenience of applying and buying a policy online without any paperwork. The customers are required to visit the Bajaj Allianz Life Insurance website (www.bajajallianz.co.in,) and follow a simple three-step procedure:
Step 1: Select the product All the product features and benefits will be illustrated in line with the IRDA requirements.
Step 2: Applying online To apply for the desired policy, the customer is required to fill in a proposal form.
Step 3: Payment Payment for the policy selected can be made through a credit / debit card with verisign secure server and print the acceptance letter.
According to Sam Ghosh, country manager, Allianz and CEO, Bajaj Allianz Life Insurance, "It has always been Bajaj Allianz's sustained effort to reach out to its customers effectively, through a medium that is convenient to them. The rapid emergence and spread of the internet has made it more convenient for insurers and the customers to purchase an insurance policy, without medical underwritings. At Bajaj Allianz, we believe online sales have a huge potential and will definitely contribute significantly to a bulk of our sales."