Life Goals Loading…

Have us call you

Please enter a Name
Please enter a Mobile No.
Please select a option
Please select a option

Thanks for sharing your details, A Sales representative from
Bajaj Allianz Life will contact you shortly.

We request you to connect with us in our next business working hours , 9 am to 9 pm (Monday to Saturday). Thank you for your understanding.

Bajaj Allianz Invest Assure A Non-Linked Endowment Plan

  • Choice of two variants: Silver or Gold
  • Limited premium payment option
  • Rebate on high sum assured
  • Option to take death benefit in monthly installments 

Invest assure a financial investment option
Download Brochure 9 pages - 499 KB
Download Policy Document 9 pages - 499 KB
Buy Online
  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Sample Illustration
  • Policy Benefits
birthday_image

Investment Policy With Bonus - Bajaj Allianz Invest Assure

A steady strong ship is a smart way to manoeuvre through choppy seas. Similarly, a viable financial plan will help you sail through the various turns of life. A life insurance policy with a significant life cover is designed to help you manage the surprises of life, celebrate milestones and help in your family’s life goals.

This life insurance investment option is Bajaj Allianz Invest Assure is a non-linked, life, participating, individual, limited premium, endowment saving plan, which is filled with benefits to help you and your family work towards your life goals in an easy manner. Further the financial security or life cover helps your family stay on track with their life goals, even in your absence.

Two options of life cover to choose from

Depending on the variant opted – Silver or Gold – you have the option

  • To have a life cover of 1.25 or 2 times the sum assured

  • To choose from multiple premium paying term

Maturity Benefits

On maturity the policyholder will receive the sum assured along with bonus, if any

Bonus

On maturity of this plan you will be paid any accumulated bonus, plus terminal bonus, if any

Limited premium payment term

You can avail all the policy benefits from 15-40 years (depending on the variant) by paying a premium for a limited period

High sum assured rebate

For every ` 1,000 sum assured over and above the minimum sum assured of ` 1 lakh, the policy gives a rebate of ` 10 in premium. So, for a ` 5 lakh cover, you get a ` 4,000 discount in annual premium

Multiple rider benefits

Option to enhance and expand the coverage in this life insurance investment policy by adding any one or more of the five riders at a nominal extra cost: 

  • Bajaj Allianz Accidental Death Benefit Rider - UIN:116B034V02

  • Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider - UIN:116B036V02

  • Bajaj Allianz Critical Illness Benefit Rider - UIN:116B035V02

  • Bajaj Allianz Family Income Benefit Rider - UIN:116B037V02

  • Bajaj Allianz Waiver of Premium Benefit Rider - UIN:116B031V02

Option to take death benefit in monthly installments

Your nominee will have the option to take the death benefit in equal monthly installments over a period of 5 or 10 years from the date of intimation of death. The same needs to be informed in writing at the time of filing the death claim form.

Each monthly installment will be an amount equivalent to:

  • For 5 years: 1.04* death benefit divided by 60
  • For 10 years: 1.08* death benefit divided by 120

*After approval from IRDAI, these factors of 1.04 & 1.08 (as mentioned above) can be revised in the future, subject to IRDAI approval.

The nominee will have the option at any time to discontinue receiving the monthly installment during the installment period. On receiving the request, the nominee will be eligible for an amount equal to the death benefit (as applicable) less the total amount of installments already paid as on the date of request.

Option to change premium paying frequency

The frequency of premium payment – monthly, quarterly, half-yearly or yearly – can be changed anytime during the policy term.

Variants

Depending on variant chosen – Silver or Gold – you can choose the death cover best suited for you.

Silver

The death cover is 1.25 times the sum assured. For example, if the sum assured of your policy is ` 4 lakh, the death benefit or life cover would be ` 5 lakh (1.25X4 lakh).

Gold

The death cover is two times the sum assured. For example, if the sum assured of your policy is ` 5 lakh, the death benefit or life cover would be ` 10 lakh (2X5 lakh).

You can customize your policy to suit your requirement in the following manner:

Choose your Plan Variant Gold or Silver

Choose your Sum Assured

Choose your Policy Term

Choose your Premium Payment Term From Available Options

Entry Age

Minimum Entry Age

Silver Variant – 0 year, Gold Variant – 18 years

Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) or on maturity date.

Maximum Entry Age

50 years

Maturity Age

Minimum Age at Maturity

18 years

Maximum Age at Maturity

Silver Variant – 70 years, Gold Variant – 65 years

Policy Term

Minimum Policy Term

Silver Variant - 17 years, Gold Variant – 15 years

Maximum Policy Term

40 years

Sum Assured

Minimum ` 1,00,000

Maximum No Limit

Premium Paying Term

Silver Variant

Policy Term (Years)

17 to 19

20 to 24

25 to 40

Premium Paying Terms (Years)

7 and Policy Term minus 10

7, 10 and Policy Term minus 10

7, 10, 15 and Policy Term minus 10

 

Gold Variant

Policy Term (Years)

15 to 19

20 to 24

25 to 40

Premium Paying Terms (Years)

5, 7 and Policy Term minus 10

5, 7, 10 and Policy Term minus 10

5, 7, 10, 15 and Policy Term minus 10

Example – In Gold variant for a PT of 23 years the available PPT options are 5, 7, 10 & 13 years

Maximum Premium Paying Term

30 years

Premium Payment Frequency

Yearly, Half Yearly, Quarterly and Monthly*

*Monthly premium payment frequency will be available under salary deduction scheme & ECS.

Minimum Premium

Mode

Yearly

Half-Yearly

Quarterly

Monthly

Premium `

` 5,000

` 3,000

` 2,000

` 800

Maximum Premium

No Limit

Ramesh, 27 years old

 Ramesh has taken a Bajaj Allianz Invest Assure policy and has opted the Gold variant for a policy term of 23 years and premium paying term of 13 years (by selecting a Premium Paying Terms of 'Policy Term minus 10', i.e., 23-10=13). The Sum Assured chosen by him is ₹5,00,000 for which he is paying an annual premium of ₹28,790 after a high sum assured rebate of ₹4,000.

  • Maturity Benefit
  • Death Benefit

On maturity date, Ramesh’s maturity benefit, based on the assumed investment return, is as given in the below table:

Policy Term: 23 Years

  • Invest Assure

Assumed Investment Return^^

Maturity Benefit

@8%

` 8,34,116

@4%

` 5,00,000

The premiums mentioned above are exclusive of any extra premium loading and/or Goods & Service tax/any other applicable tax levied, subject to changes in tax laws, if any.

For female lives 3 year age set back is applicable in premium calculation. Vested Bonus at 8% & 4% is not guaranteed and is for illustrative purpose only. For substandard and smokers extra premium shall be charged as per board approved underwriting norms

^^The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

The Maturity Benefit demonstrated at 4% and 8% does not include Terminal Bonus. Terminal Bonus, if any, shall become payable along with Maturity Benefit.

In case of unfortunate death at age 35 years, the death benefit based on the assumed investment return, are as given in the below table:

Policy Term: 23 Years

  • Invest Assure

Assumed Investment Return^^

Death Benefit

@8%

` 11,10,857

@4%

` 10,00,000

The premiums mentioned above are exclusive of any extra premium loading and/or Goods & Service tax/any other applicable tax levied, subject to changes in tax laws, if any.

For female lives 3 year age set back is applicable in premium calculation. Vested Bonus at 8% & 4% is not guaranteed and is for illustrative purpose only. For substandard and smokers extra premium shall be charged as per board approved underwriting norms

^^The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

Terminal Bonus, if any, shall become payable along with Death Benefit.

 

Maturity Benefit

On the maturity date, if all premiums are paid, the Sum Assured plus vested bonus and terminal bonus, if any, under your policy, will be paid and the policy will terminate

Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death plus vested bonus, if any plus terminal bonus, if any, will be payable. The Sum Assured on Death is the higher of:

  • 10 times of annualised premium* or
  • 105% of total premium* paid till date of death or
  • 1.25 times or 2 times of Sum Assured.

*Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods & Service tax /any other applicable tax levied, subject to changes in tax laws, if any

Additional Rider Benefits

You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Invest Assure are:

Sr. no

Rider

UIN

1

Bajaj Allianz Accidental Death Benefit Rider

UIN: 116B034V02

2

Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider

UIN: 116B036V02

3

Bajaj Allianz Critical Illness Benefit Rider

UIN: 116B035V02

4

Bajaj Allianz Family Income Benefit Rider

UIN: 116B037V02

5

Bajaj Allianz Waiver of Premium Benefit Rider

UIN: 116B031V02

Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions.

Documents you’ll need before investing

Is there a loan option available with Invest Assure?

Yes, as a policyholder you can avail loan under this plan, provided your policy has acquired a surrender value. The loan amount is subject to a maximum limit of 90% of the surrender value of the policy.

For instance, Mr X has opted for a policy with sum assured of ` 10 lakhs under Invest Assure Gold Plan for a policy  term of 20 years. He pays an annual premium of ` 75,131. At the end of the tenth year, the projected surrender value at an assumed investment rate of 8% per annum is  7,54,901. This means that the maximum loan amount available will be ` 6,79,411 which is 90% of  ` 7,54,901. 

What kind of riders are available with Invest Assure?

You can opt from five riders for extra coverage at nominal cost. The riders available with Bajaj Allianz Invest Assure are Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total / Partial Disability Benefit Rider; Bajaj Allianz Critical Illness Benefit Rider; Bajaj Allianz Family Income Rider and Bajaj Allianz Waiver of Premium Benefit Rider. You can opt for one or multiple riders depending on your requirement.

Bajaj Allianz Accidental Death Benefit Rider

UIN:116B034V01

Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider

UIN:116B036V01

Bajaj Allianz Critical Illness Benefit Rider

UIN:116B035V01

Bajaj Allianz Family Income Benefit Rider

UIN:116B037V01

Bajaj Allianz Waiver of Premium Benefit Rider

UIN:116B031V01

Is High sum assured rebate available on this plan?

Invest Assure offers an attractive premium rebate of ` 10 on the annual premium for each additional ` 1,000 Sum Assured purchased over and above the minimum Sum Assured of ` 100,000. For example, Mr X has opted for Bajaj Allianz Invest Assure’s Gold variant for Sum Assured of ` 5,00,000 for a policy term of 23 years and the premium paying term of 13 years. In this case, the annual premium before high sum assured  rebate is ` 32,790, but it comes down to ` 28,790 after the rebate. This is yet another reason to invest in Invest Assure. 

Life Insurance Glossary

Annualized Premium

“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.

Grace Period

“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.

Life Assured

“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.

Maturity Date

“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder

Nominee

“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document

Paid up Sum Assured on Death

“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.

Paid up Sum Assured on Maturity

If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.

Paid up Sum Assured

“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy

Policyholder

“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company

Rider Benefit

“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document

Rider Life Assured

“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider

Rider Premium

“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.

Rider Premium Paying Term

“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.

Rider Term

"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule

Sum Assured

“Sum Assured” is the amount as specified in the Schedule under the Policy.

Surrender Benefit

“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. For more details refer to the Policy Document

Vested Bonus

“Vested Bonus” is the amount of compound reversionary bonus already attached with the Policy, based on the rates of compound reversionary bonus declared by the Company in the past for this plan at the end of each Financial Year

X
  • Talk to an Expert
  • About Us
Have us
call you
Please enter a Name
Please enter a Mobile No.
Please select a option
  • Claim deposits via electronic transfer to make process faster
  • Solvency ratio of 804% **
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

**All figures as on 31 March, 2019.

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!