Does the plan offer High Sum Assured Rebate (HSAR)?

Yes, this plan offers HSAR. On every additional ₹ 1,000 sum assured purchased over and above the minimum sum assured, the policyholder can get HSAR. It is calculated on the basis of minimum sum assured and premium payment term as mentioned below: Premium Payment Term (in years) 5 7 10 12 Minimum Sum Assured (in ₹ ) 1,58,400 2,01,600 2,59,200 3,02,400 HSAR (in ₹ ) 6 3.5 2.5 2 For better understanding, let’s assume Mr X, aged 30 years buys this policy and opts for Guaranteed Monthly Income (GMI) of ₹ 3,000 per month for a policy term of 24 years and a premium payment term of 12 years. His sum assured will be ₹ 4,32,000 and the premium will be ₹ 32,046 per annum before applying HSAR. However, after application of HSAR, the premium will come down to ₹ 31,788 after HSAR of ₹ 258 per annum is applied.

What is the Survival Benefit under this plan?

Under both variants, provided all due premiums are paid, the Survival Benefit is the Guaranteed Monthly Income (GMI), which is paid every month for a period of 144 months, beginning from the end of premium payment term.

How does the policyholder choose the Guaranteed Monthly Income amount? Is it fixed throughout the policy term?

The policyholder has to select the GMI amount at the time of purchasing the policy which then remains fixed throughout the term of the policy.

What are the riders available with Income Assure?

You have the option to choose from five riders by paying a nominal extra charge. These are Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total / Partial Disability Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider, Bajaj Allianz Family Income Benefit Rider and Bajaj Allianz Waiver of Premium Benefit Rider.

Bajaj Allianz Life Income Assure Plan With Guaranteed Monthly Income

Calling From	Phone Number
Calling us from INDIA	18002097272 (Toll Free)
Rest of the World	+912067871700 (Call charges apply)

PPT	Multiplier
5 years	1,100
7 years	1,400
10 years	1,800
10 years	2,100

Variants	Premium (in ₹)
Income	21,965 per annum / 1,977 monthly
Assure	22,058 per annum / 1,985 monthly
Premium for female life will be based on the premium rate of 3 years younger male

GMI	Total GMI during the Policy Term
₹ 3,000	₹ 4,32,000

At Assumed investment return^**	of 8%	of 4%
Non-guaranteed vested bonus (if any)	₹ 4,66,859	₹ 54,933

Assure (Refer figure: 1)
Sum Assured on Death	₹ 4,32,000
Non-guaranteed vested bonus (if any)	₹ 1,19,510 (@ Assumed Investment Return^** of 8%)	₹ 17,585 (@ Assumed Investment Return^** of 4%)
Total Death Benefit	₹ 5,51,510 (@ Assumed Investment Return^** of 8%)	₹ 4,49,585 (@ Assumed Investment Return^** of 4%)

Income (Refer figure: 2)
Non-guaranteed vested bonus(if any) paid on date of death	₹ 1,19,510 (@ Assumed Investment Return^** of 8%)	₹ 17,585 (@ Assumed Investment Return^** of 4%)
And Rs. 3,000 per month as Monthly Income for next 144 months
	Monthly Income	Total Monthly Income incase of death
	₹ 3,000	₹ 4,32,000

Income	Vested bonus (if any ) plus terminal bonus, if any, will be paid immediately The sum assured on death will be paid to the nominee as monthly income, over the next 144 equated monthly installments (over the next 12 years), and the first installment will start from date of death The nominee will not have the option of taking the installments in lump sum All risk cover under the policy will cease as on the date of death of the life assured The policy will terminate on payment of the 144th monthly installment
Assure	Death benefit will be paid as a lump sum The policy will terminate on the date of death of the life assured

Sr. no	Rider	UIN
1	Bajaj Allianz Accidental Death Benefit Rider	UIN: 116B034V02
2	Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider	UIN: 116B036V02
3	Bajaj Allianz Critical Illness Benefit Rider	UIN: 116B035V02
4	Bajaj Allianz Family Income Benefit Rider	UIN: 116B037V02
5	Bajaj Allianz Waiver of Premium Benefit Rider	UIN: 116B031V02

Premium Payment Term (in years)	5	7	10	12
Minimum Sum Assured (in ₹)	1,58,400	2,01,600	2,59,200	3,02,400
HSAR (in ₹)	6	3.5	2.5	2

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. 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. Goods and Services Tax 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.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. 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. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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Bajaj Allianz Life Income Assure

Overview

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Guaranteed Monthly Income

Two Variants available

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Choose your life cover variant: Income or Assure

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Entry Age

Minimum age is 0 year

Maximum age is 50 years

Maturity Age

Minimum age of maturity 18 years

Maximum age of maturity 74 years

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Maximum Guaranteed Monthly Income

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Yearly and Monthly~

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Minimum

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Why Bajaj Allianz Life Insurance ?

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Frequently Asked Question

<h3 class="h2"> Does the plan offer High Sum Assured Rebate (HSAR)?</h3>

<h3 class="h2">What is the Survival Benefit under this plan?</h3>

<h3 class="h2">How does the policyholder choose the Guaranteed Monthly Income amount? Is it fixed throughout the policy term?</h3>

<h3 class="h2">What are the riders available with Income Assure?</h3>

Life Insurance Guide

Yearly and Monthly^~