A Non-linked Endowment Plan
We spend our lives securing a better future for our families and nothing ever seems enough to cover the uncertainties that may occur. Understanding the same, we present to you Bajaj Allianz Guarantee Assure - a non-linked, non-participating, individual limited premium endowment plan that helps you live a worry free life.
You can customize your policy to suit your requirement in the following manner:
Your premium will be based on your current age, Sum Assured and Policy Term
7, 8 & 9 Years
Premium Paying Term
|Premium||Rs. 23,839||Rs. 12,158||Rs. 6,198||Rs. 2,145|
|Maximum Premium - No Limit|
Premium Payment Frequency
Yearly, Half Yearly, Quarterly and Monthly
You will receive the Sum Assured chosen by you and the accumulated Guaranteed Additions as maturity benefit on the maturity date, provided all due premiums have been paid.
The Guaranteed Additions that accrue at the end of every policy year in your policy depends on the policy term chosen by you and are as follows
|Policy Term||Guaranteed Addition|
|7 Years||5% of Sum Assured every year|
|8 Years||6% of Sum Assured every year|
|9 Years||7% of Sum Assured every year|
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term the death benefit payable will be 'Sum Assured on Death' plus accrued Guaranteed Additions.
Sum Assured on Death will be higher of
The policy will terminate immediately on death of the life assured
Suresh aged 30 years has taken a Bajaj Allianz Guarantee Assure policy and opted for a Policy Term (PT) of 9 years. The Sum Assured chosen by him is Rs.5,00,000 for which he is paying a premium of Rs.1,28,020 yearly. On maturity date, Suresh will receive Rs.5,00,000 (the Sum Assured chosen) plus the accrued Guaranteed Addition of Rs.3,15,000. The maturity benefit received will be Rs.8,15,000.
* Premium shown above is exclusive of Service Tax and any extra premium.
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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.
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.