- Option to choose 1.25 times or 2 times of Sum Assured as life cover.
- Compound reversionary bonus and terminal bonus.
- Limited premium payment term.
- Option to take policy benefit in monthly installments.
- More value for money with high sum assured rebate.
- Attractive premium rates for female life insured.
- Option to enhance your coverage with rider benefits
How Does Your Plan Work
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
Am I Eligible?
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
Minimum Premium Mode Yearly Half-Yearly Quarterly Monthly* 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.
Policy Benefits and Features
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.
- at least 2 years' premium have been paid, for PPTs less than 10 years or
- at least 3 years' premium have been paid, for PPTs of 10 years and above.
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:
- 0 times of annualised premium* for age at entry less than 45 years or 7 times annualised premium* for age at entry 45 years and above 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, service tax and cess, if any.
Additional Rider Benefit
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:
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.
|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|
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.
- The maturity benefits received by Ramesh will be as follows:
- In case of unfortunate death at age 35 years, the nominee will receive the death benefit
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 service tax & cess.
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.
Frequently Asked Questions and Support
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