with a Lifelong Cover!
A Non-linked Whole Life Plan
We all wish for regular flow of income at all stages of our life, but most of the time achieving those over age & time is not possible. Helping you with a solution, we at Bajaj Allianz developed Lifelong Assure - a unique plan that provides you income & protection till your 100 birthday so that you can live worry-free for a lifetime.
The key features are as follows:
You can customize your policy to suit your requirement in the following manner:
Premium Payment Term (PPT)
Your premium will be based on your current age, Sum Assured, PPT & premium payment frequency.
a. You will start receiving Guaranteed Cash Back of 3% of your Sum Assured every year, from the end of your premium payment term till the age of 99 years
b. You will be entitled for Cash Bonus declared, if any, starting from the end of 6 policy year till the age of 99 years.
Your policy will mature at the age of 100 years. On the maturity date, if all premiums are paid, the Maturity Value under your policy, as mentioned in the below table, will be paid and the policy will terminate.
|PPT Sum Assured on Maturity|
|10 years 200% of Sum Assured|
|15 years 250% of Sum Assured|
|20 years 300% of Sum Assured|
In addition, terminal bonus, if any, will be paid
In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid under the policy, the death benefit payable to the nominee shall be as follows
In addition, interim cash bonus & terminal bonus, if any, will be paid.
* Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax and cess, if any
You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Lifelong Assure are:
|1||Bajaj Allianz Accidental Death Benefit Rider||UIN: 116B034V01|
|2||Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider||UIN: 116B036V01|
|3||Bajaj Allianz Critical Illness Benefit Rider||UIN: 116B035V01|
|4||Bajaj Allianz Family Income Benefit Rider||UIN: 116B037V01|
|5||Bajaj Allianz Waiver of Premium Benefit Rider||UIN: 116B031V01|
Ravi aged 30 years has taken a Bajaj Allianz Lifelong Assure policy for a premium paying term of 20 years. The Sum Assured chosen by him is Rs.5,00,000 for which he is paying an annual premium of Rs.51,805 after a high sum assured rebate of Rs.4000.
|Benefit payable in case of death of Life Assured at age 65 years||Investment Return @8% p.a.||Investment Return @4% p.a.|
|Total Premium Paid||Rs. 10,36,100*||Rs. 10,36,100*|
|Total Non-Guaranteed Cash Bonus Paid||Rs. 8,70,000||Rs. 1,08,750|
|Total Guaranteed Cash Back||Rs. 2,25,000||Rs. 2,25,000|
|Death Benefit||Rs. 15,00,000||Rs. 15,00,000|
|Total Benefit Received||Rs. 25,95,000||Rs. 18,33,750|
*Premium shown above is exclusive of Goods and Service Tax, and any extra premium and is for illustrative purpose only.
For female lives 3 years age set back is applicable in premium calculation. For substandard and smokers extra premium shall be charged as per board approved underwriting norms.
Cash bonus mentioned above is not guaranteed and will be based on actual experience.
Bajaj Allianz Lifelong Assure : UIN (116N122V01)
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Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and Maturity benefit,death benefit and Surrender value are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
Disclaimer: I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business.
Insurance is the subject of the solicitation. For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Service tax and education cess will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.
The returns as indicated in the Sales Illustration are only illustrative and they are not guaranteed. The illustrative returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.
The results displayed in the calculators are based on certain assumptions about the rates of return. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.