Cash Assure: A Traditional Money Back Plan & Policy
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Bajaj Allianz Cash Assure - Money Back Policy

A Traditional Money-Back Plan

All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the best to your family.

(Toll Free) 1800-209-0144

SMS LIFE @ 56070

Key Features

    Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key advantages of this plan are:

  • Money backs at regular intervals
  • Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen
  • Choice of 4 policy terms, 16, 20, 24 and 28 years
  • Benefit from shorter premium payment term
  • More value for money with high sum assured rebate
  • Special rates for female policyholders

How Does Your Plan Work

You can customize your policy to suit your requirement in the following manner:

  • 1step

    Choose your
    Sum Assured

  • 2step

    Choose your
    Policy Term

  • 3step

    Choose your
    Premium Payment Frequency

Your premium will be based on Sum Assured, gender, age, policy term and premium payment frequency. The Policy Term chosen will determine your money backs and the intervals for receiving those money backs.

Am I Eligible?

  • Entry Age

    0Minimum

    54Maximum

  • Maturity Age

    18Minimum

    70Maximum

  • Policy Term

    16, 20, 24 and 28 years

  • Premium Paying Term

    Policy Term minus 5 years

  • Minimum Premium

    Policy Term Yearly Half-yearly Quarterly Monthly
    16 years Rs. 9,000 Rs. 5,000 Rs. 3,000 Rs. 900
    20 years Rs. 8,000 Rs. 4,500 Rs. 2,500 Rs. 800
    24 years Rs. 7,000 Rs. 4,000 Rs. 2,300 Rs. 700
    28 years Rs. 6,500 Rs. 3,500 Rs. 2,000 Rs. 650
    Premium for female life will be based on the premium rate of 3 years younger male
  • Sum Assured

    Rs. 1,00,000Minimum

    Subject to underwritingMaximum

  • Premium Payment Frequency

    Yearly, Half Yearly, Quarterly and Monthly**

**The monthly mode will be allowed only under the salary deduction scheme and ECS

Bajaj Allianz Cash Assure (UIN:116N131V01)

For more details, please refer to the Brochure and Policy Document

Policy Benefits and Features
  • Survival & Maturity Benefit

    If you have paid all due premiums under your policy, you will receive the Survival Benefit as Money Backs on each due date and the Maturity Benefit on the maturity date.

    Money Backs are paid to you at the end of the policy years as mentioned in the below table:

  • Money Back PT 16 years PT 20 years PT 24 years PT 28 years
    1st 4th 5th 6th 7th
    2nd 8th 10th 12th 14th
    3rd 12th 15th 18th 21st
  • The Maturity Benefit will be paid on the maturity date (end of the policy term)

    Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:

  • Policy Term 16 years 20 years 24 years 28 years
    Money Back (%) 15% of Sum Assured 20% of Sum Assured 25% of Sum Assured 30% of Sum Assured
    Maturity Benefit 60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any
  • Surrender Benefit

    You will have the option to surrender your policy anytime, provided at least 3 full years' premiums have been paid.

    The surrender value shall be higher of:

    • Guaranteed Surrender Value (GSV) and
    • Special Surrender Value (SSV)
  • High Sum Assured Rebate(HSAR)

    The plan offers a premium discount structure, where you can have a discount of Rs. 4.50 for each complete additional Rs. 1,000 Sum Assured purchased over and above the minimum Sum Assured of Rs. 1,00,000.

  • 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 Interim Bonus, if any, plus Terminal Bonus, if any, subject to a minimum of 105% of the total premiums# paid will be paid as the Death Benefit.

    This death benefit will be paid even after Survival Benefit has commenced during the policy term.

    *Sum Assured on Death is the higher of: (a) 10 times of annualised premium# OR (b) Sum Assured

    #Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax & cess, if any

    The policy will terminate on the date the Company is informed of the death of the life assured.

  • 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 Cash Assure are:

  • Sr. No. Riders 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
Sample illustration
  • Ashish aged 30 years has taken Bajaj Allianz Cash Assure policy and opted for a Policy Term of 28 years. The Sum Assured chosen by him is Rs. 4,00,000 for which he is paying a premium of Rs. 25,186 p.a.

    • Ashish will receive 3 Money Back instalments of Rs. 1,20,000 during the policy term
    • These Money Back instalments will be payable to him starting from the end of every 7th policy year
    • On maturity, 60% of the Sum Assured + Vested Bonus (VB), if any is payable. He will receive Rs. 5,85,818 at investment return of 8% or Rs. 2,99,949 at investment return of 4% as Maturity Benefit.
    • Sample Illustration Cash Assure
    • In case of unfortunate death of Ashish during the 15th policy year, the nominee will receive Rs. 5,58,483 at investment return of 8% or Rs. 4,31,073 at investment return of 4% as Death Benefit and the policy will terminate.
    • Sample Illustration Cash Assure

      Note:
      Premium shown above is exclusive of Service Tax and any extra premium.
      The percentages (%) of Sum Assured as Money Backs and on Maturity are guaranteed. Vested Bonus at 8% & 4% is not guaranteed and is for illustrative purpose only.

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For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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.

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.

Super Agent

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

10 pages - 3.21 Mb

Download Policy Document

13 pages - 152 Kb

For more information Click here
*Life Insurance Claims settled as FY 2016-17