A Non-Linked Endowment Plan
It takes only a moment to make promises and a lifetime to keep them. When you promise to see your family through thick and thin, you need to make sure that you have planned for all the eventualities that may befall on them.
Bajaj Allianz Invest Assure is a plan that gives you assured protection with financial benefits.
You can customize your policy to suit your requirement in the following manner:
Choose your Plan Variant Gold or Silver
Choose your Premium Payment Term From
0 - 18Silver Variant
18 - 50Gold Variant
18 - 70Silver Variant
18 - 65Gold Variant
17 - 40Silver Variant
15 - 40Gold Variant
Premium Paying Term
|Policy Term Year||17 to 19||20 to 24||25 to 40|
|Premium Paying Terms||7 and Policy Term minus 10||7, 10 and Policy Term minus 10||7, 10, 15 and Policy Term minus 10|
|Policy Term Year||15 to 19||20 to 24||25 to 40|
|Premium Paying Terms||5,7 and Policy Term minus 10||5, 7, 10 and Policy Term minus 10||5, 7, 10, 15 and Policy Term minus 10|
|Maximum Premium Paying Term - 30 years|
|Premium Rs.||Rs. 5,000||Rs. 3,000||Rs. 2,000||Rs. 800|
|Maximum Premium - No Limit|
Premium Payment Frequency
Yearly, Half Yearly, Quarterly and Monthly**
**Monthly premium payment frequency will be available under salary deduction scheme & ECS.
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
You will have the option to surrender your policy provided.
The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV) will be payable at any time of surrender throughout the term of the policy.
The surrender value shall be higher of the Guaranteed Surrender Value (GSV) and the Special Surrender Value.
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:
*Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods and Service Tax, 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 Invest 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|
You can avail loan under your policy, provided your policy has acquired a surrender value. The loan amount shall be up to 90% of the surrender value of your policy.
Ramesh aged 27 years 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.
|Investment Return||Maturity Benefit||Death Benefit|
|@8%||Rs. 8,34,116||Rs. 11,10,857|
|@4%||Rs. 5,00,000||Rs. 10,00,000|
The premiums mentioned above are exclusive of any extra premium loading and/or Goods and Service Tax.
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
Bajaj Allianz Invest Assure (UIN: 116N121V01)
For more details, please refer to the brochure.
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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. Goods and Service Tax 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.