Life is full of ifs and buts. None of us know what the future beholds. Protect your family with "Bajaj Allianz Life Bima Dhan Suraksha Yojana", a non-linked, non- participating, single & regular premium payment micro term assurance plan with return of premiums at maturity.
Our aim is to secure the lives of our loved ones. All our efforts are always routed towards building a safe future for our families; not only in our presence but in our absence too. We understand this concern and present Bajaj Allianz Life Bima Sanchay Yojana - a micro variable insurance plan that helps you protect your family financially from uncertainties; that too at an affordable price.
Guarantying you and your family a worry free life!
India was home to the largest number of poor in 2012, according to World Bank report. Sounds terrifying! This particular segment of the country largely had no access to the financial services. A large part of this population, which is below the poverty line are without savings, credit or insurance services. Over the last few years many microfinance institutions have been attempting to fill this gap. That's where the term, micro insurance comes into the picture.
Micro insurance is generally, but inaccurately, referred to as a new concept. The term "micro insurance" first appeared as a new financial service within microfinance and then developed into a sector of its own. The term "microinsurance" was first published around 1999 and has different approaches about how the term micro in microinsurance can be understood.
Microinsurance is the protection tool specifically designed for low-income people against the risks in life.
Microinsurance is potentially an important new risk management tool for low-income people in developing countries for several reasons. Vulnerability tremendously affects poor people and makes their living worse.
To address these challenges within the segment, we at Bajaj Allianz Life Insurance conducted detailed need analysis exercised across MFI's, Rural Banks, NeGP, Dairy Boards and Co-operatives with the objective of introducing a product aimed at meeting the above-mentioned challenges on a common platform. The result was the creation of a very flexible and simple rural plan designed by, which on one hand covers the customers impending liability, and on the other provides an opportunity to save systematically.
Bajaj Allianz Life Insurance has an extensive PAN India coverage (all states) in association with 447* distribution partners aimed to reach the remote rural areas in an organized & comprehensive manner. We have covered more than 8.81 Cr* lives in the Financial Inclusion space till date. The vast rural coverage facilitated by our robust distribution model has enabled us in diversifying region specific, occupation- specific risks and reach the rural masses in the hinterland.
* figures as on 31st March 2015 since inception
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Disclaimer: 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.