Guarantee Assure | Traditional Endowment Plan - Bajaj Allianz

Bajaj Allianz Guarantee Assure

- 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.

(Toll Free) 1800-209-0144

SMS LIFE @ 56070

Key Features
  • Fixed premium payment term of 5 years
  • Choice of 3 policy terms - 7, 8 and 9 years
  • Guaranteed Addition of up to 63% of Sum Assured on Maturity
  • Ensures more value for money with high sum assured rebate
  • Attractive premium rates for female lives
  • Option to take policy benefit in monthly installments over a period of 5 or 10 years
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(PT)

Your premium will be based on your current age, Sum Assured and Policy Term

Am I Eligible?
  • Entry Age

    9Minimum

    60Maximum

  • Maturity Age

    18Minimum

    69Maximum

  • Policy Term

    7, 8 & 9 Years

  • Premium Paying Term

    5 Years

  • Minimum Premium
    Frequency Yearly Half-Yearly Quarterly Monthly*
    Premium Rs. 23,839 Rs. 12,158 Rs. 6,198 Rs. 2,145
    Maximum Premium - No Limit
  • Sum Assured

    Rs. 1,00,000Minimum

    No LimitMaximum

  • Premium Payment Frequency

    Yearly, Half Yearly, Quarterly and Monthly

Policy Benefits and Features
  • Maturity Benefit

    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
  • Death Benefit

    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

    • 5 times the Annualised premium
    • 105% of the total premiums paid as on the date of death or
    • Sum Assured

    The policy will terminate immediately on death of the life assured

Sample illustration
  • 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.

      Sample Illustration Guarantee Assure
    • In case of unfortunate death of Suresh during the 3rd policy year, the nominee will receive Rs.7,10,100 (5 times the Annualised premium plus accrued Guarantee Additions) as Death Benefit
    • Sample Illustration Guarantee Assure

      * Premium shown above is exclusive of Service Tax and any extra premium.

      Bajaj Allianz Guarantee Assure (UIN:116N123V01)
      For more details, please refer to the brochure and Policy Document

Frequently Asked Questions and Support

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Insurance Can Help Your Money Grow!

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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

10 pages - 1.48 Mb

Download Policy Document

9 pages - 133 Kb

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

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.