Invest Assure | A Non-Linked Endowment Plan | Bajaj Allianz Life Insurance

Bajaj Allianz Invest Assure

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.

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SMS LIFE @ 56070

Key Features

  • 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:

  • 1step

    Choose your Plan Variant Gold or Silver

  • 2step

    Choose your
    Sum Assured

  • 3step

    Choose your
    Policy Term

  • 4step

    Choose your Premium Payment Term  From
    Available Options

Am I Eligible?

  • Entry Age

    0 - 18Silver Variant

    18 - 50Gold Variant

  • Maturity Age

    18 - 70Silver Variant

    18 - 65Gold Variant

  • Policy Term

    17 - 40Silver Variant

    15 - 40Gold Variant

  • Premium Paying Term
    Silver Variant
    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
    Glod Variant
    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
  • Sum Assured

    Rs. 1,00,000Minimum

    No LimitMaximum

  • 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

  • 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

  • Surrender Benefit

    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.

  • 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:

    • 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:

  • Sr. no Rider UIN
    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
  • Loan

    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.

Sample illustration

  • 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:
    • Sample Illustration Invest Assure
    • In case of unfortunate death at age 35 years, the nominee will receive the death benefit
    • Sample Illustration Invest Assure
      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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For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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Tax Benefits

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.

Download Brochure
12 pages - 635 Kb
Download Policy Document
8 pages - 123 Kb

Claim Assistance

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*Life Insurance Claims Settled as FY 2015-2016

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.