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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) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp 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

 

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Bajaj Allianz Life Bonus rates for the year 2020-2021

Life insurance policy bonus rates

Bonus Rates for Participating policies declared as at 31st March 2021

The regular reversionary, interim, cash, and terminal bonus rates declared as on 31st March 2021 are provided in the tables below. Reversionary bonus rates are applicable for all the in-force participating policies for full sum assured. Cash and terminal bonus rates are applicable for all in-force participating policies for full sum assured as well as paid-up policies for reduced sum assured. Interim bonus is applicable to in-force participating policies exiting through deaths and maturities in FY2021-22, after payment of premiums due next year.

Products

As at 31st March, 2021

Reversionary bouns rate

Interim bonus rate

Terminal bonus rate

One Time Special Reversionary Bonus1

Bajaj Allianz Cash Gain

2.50%

2.50%

1.70%

1.00%

 Bajaj Allianz Invest Gain

2.25%

2.25%

1.00%

1.00%

 Bajaj Allianz Swarna Vishranti

3.00%

3.00%

2.50%

1.00%

 Bajaj Allianz Super Cash Gain

2.50%

2.50%

0.50%

1.00%

 Bajaj Allianz Child Care

2.75%

2.75%

0.60%

1.00%

Bajaj Allianz Child Gain

2.75%

2.75%

1.30%

1.00%

Bajaj Allianz Life Time Care

3.75%

3.75%

0.50%

1.00%

Bajaj Allianz Cash care

1.75%

1.75%

0.50%

1.00%

Bajaj Allianz Save care – RP

2.00%

2.00%

0.50%

1.00%

Bajaj Allianz Super saver

2.75%

2.75%

0.90%

1.00%

Bajaj Allianz Alp Nivesh

1.00%

1.00%

0.50%

1.00%

Bajaj Allianz Cash Rich*

3.75%

3.75%

0.80%

1.00%

Bajaj Allianz Invest Assure

2.75%

2.75%

0.50%

1.00%

Bajaj Allianz Young Assure

3.00%

3.00%

0.50%

1.00%

Bajaj Allianz Cash Assure

2.25%

2.25%

0.50%

1.00%

Bajaj Allianz Life Super Life Assure

2.90%

2.90%

0.50%

1.00%

Bajaj Allianz Life Income Assure

3.10%

3.10%

0.50%

1.00%

Bajaj Allianz Elite Assure

**

**

0.50%

1.00%

Bajaj Allianz Lifelong Assure

***

***

0.50%

1.00%

Bajaj Allianz Life Flexi Income Goal (Enhanced)

4.00%

4.00%

-

1.00%

Bajaj Allianz Life Flexi Income Goal (Income)

****

****

-

1.00%

*Bajaj Allianz Cash Rich plan has a special feature of paying cash bonus during the benefit payout period after the premium paying term along with the Cash Back Benefit (CBB). The cash bonus is also payable to Paid up policies (on Paid up Sum Assured) along with the Cash Back Benefit (CBB).

The Cash Bonus rates declared as at 31st March 2021 are as below:

Policy Term

Cash Bonus

As at 31st March, 2021

<15

3.25%

15-19

3.75%

20-24

4.25%

25-29

4.50%

>=30

5.25%

**Bajaj Allianz Elite Assure: In this product, Reversionary Bonus rates are dependent on policy term. 

The bonus rates as at 31st Mar 2021 are as follows:

Policy Term

Reversionary Bonus

As at 31st March, 2021

15

3.40%

20

4.50%

25

5.25%

30

6.00%

***Bajaj Allianz Lifelong Assure: In this product, Cash Bonuses are payable to policies starting from the end of 6th Policy year. The In-force policies or Paid-up policies which have paid at least 5 full years’ premiums are eligible for this bonus.

The Cash Bonus rates as at 31st March, 2021 are as follows:

Premium Payment Term

Cash Bonus

As at 31st March, 2021

10

7.50%

15

7.25%

20

7.00%

****Bajaj Allianz Life Flexi Income Goal (Income Variant):This product was launched in FY2020-21. In this product, Cash Bonuses are payable to all In-force policies starting from the first policy year.

The Cash Bonus declared as at 31st March, 2021 for FY2021-22 are as follows:

Premium Payment Term

Cash Bonus

As at 31st March, 2021

5-9

2.50%

10-11

2.25%

12-19

2.00%

20

1.75%

1Special Reversionary Bonus:

We have declared a one time special simple reversionary bonus of 1% of Sum Assured. This bonus is applicable to all the participating policies which are in-force as at 31st March 2021. This bonus is payable on death or maturity, whichever earlier.

Terminal Bonus rate:

Terminal bonuses are applicable for the policies of all the par products, which have completed at least 5 full years and which will exit either due to death or due to maturity, before the declaration of bonus rates for the financial year 2021-22.

The terminal bonus rates are as shown in Table above.

This rate is applicable on the full sum assured for the policies which are in-force as on date of exit and on the reduced sum assured for the policies which are paid-up as on date of exit. The above Terminal Bonus rates will be applied for each completed policy year at the time of exit.

Interim Bonus rate:

Interim bonus rates are to be paid in respect of death or maturity claims taking place after receiving premiums or after policy anniversary for fully paid-up policies, and before declaration of bonus rates for FY2021-22, The interim bonus rates are as shown in Table above. Interim Bonus is applied on sum assured plus the accrued regular reversionary bonuses.

Bajaj Allianz Life Flexi Income Goal: Accumulation Fund Interest Rate

This product has an option where policyholders can choose to keep the survival benefits in the Accumulation fund. These survival benefits will accumulate with the declared interest rates. The interest rate declared for FY21-22 is 6.20%.

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

Tel No: 020-66026773

Fax No: 020-66026789

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:

1800-209-7272

Monday to Sunday: 9:00 AM to 7:00 PM (IST)

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:

1800-209-4040

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

For NRI: +91 20 67688888 (Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

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