Bajaj Allianz Life Insurance is a policy with the customer as their first priority. With a range of insurance policies, the company makes sure that your dreams come true even when you are not there with your family. The insurance plans from the company include guaranteed savings plan, investment plans, term insurance plans, retirement solutions, ULIPs and group insurance as well.
A normal insurance plan is not to say it is bad but what if you can get something better. In case of a traditional insurance plan, your family is protected from any sort of financial problem caused by the insured person’s death. However, a life insurance can be much more than just offering protection.
In fact each one of us have certain goals in life. It could be to own a home, getting a car, making sure our children lead a comfortable life and also have a peaceful retirement. This is where the investment plans from Bajaj Allianz life insurance come into play. These plans give the dual benefit of financial protection on the death of the insured person and also grow their investments. This ensures that their family gets to lead the same standard of living as the insured person wished for them, even in their absence.
Bajaj Allianz Invest Assure
The Bajaj Allianz Invest Assure is a plan that gives you protection and assured returns.
Features
- Choose from 1.25 times or twice the sum assured for life cover
- Get compound reversionary bonus and terminal bonus as well
- Pay premium for a limited term only
- Choose to receive the benefits as a monthly payment
- High sum assured rebate
Maturity Benefit
In case all the premiums are paid up to date, then you will get the entire sum assured as promised along with accrued vested bonus and terminal bonus.
Benefits of Policy SurrenderYou can surrender the policy if the surrender value is higher than the guaranteed surrender value. The special surrender value will be paid out to the customer anytime during the term of the policy.
Death Benefit
In case, all the premiums have been paid and in the event of the death of the insured person, the nominee will get the sum assured plus the accrued bonus. If any terminal bonus is accrued, it will also be paid.
- Get 10 times the annualized premium if you took the policy before the age of 45
- Get 7 times the annualized premium if you took the policy at the age of 45 or above
- 105% of total premium paid till date of death
- 1.25 times or 2 times of Sum Assured
This is a single premium ULIP individual non-participating plan.
Features
- 99.5% premium is allocated for single premium of 10 lacs and above
- Three percent loyalty addition for the single premium
- Seven fund options
- Withdraw partial amount
- Top-up up benefit up to the amount of single premium
- Decrease sum assured
- Fund switching
- Annuity benefits
You will get the full single premium fund value and any top-up value if done, on the maturity date.
Death Benefit
You will get the guaranteed death benefit which is higher of the:
- Sum assured or the fund value
- Top up premium value or the fund value
You also have surrender benefit for the policy and will get the surrender value of the policy on the date of surrender.
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