A Traditional Endowment Plan
We always feel good to get more than what we expect, and even more when it's "guaranteed"*. Presenting "Bajaj Allianz Save Assure" - a traditional endowment plan that not only secures you and your family but also guarantees 115% of your sum assured. Living worry free is now guaranteed.*
Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non Linked, Individual Endowment Plan. The key features are:
* you will receive 115% of your sum assured as maturity/death benefit, provided all due premiums have been paid.
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
15 - 17 Years
Premium Paying Term
Policy term selected less than 5 years
|Policy Term 15||Rs. 8,140||Rs. 5,000||Rs. 2,500||Rs. 1,000|
|Policy Term 17||Rs. 6,620||Rs. 4,200||Rs. 2,100||Rs. 800|
|Maximum Premium - No Limit|
Premium Payment Frequency
Yearly, Half Yearly, Quarterly and Monthly**
**Monthly premium payment frequency will be available under salary deduction scheme & ECS.
On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums have been paid.
You will have the option to surrender your policy provided at least 3 full years' premiums have been paid.
The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV) will be payable at any time of surrenderthroughout the term of the policy.
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 as mentioned below will be payable as death benefit to the nominee :
|Entry Age||Sum Assured on Death will be higher of|
|Less than 45||10 times annualised premium***||105% of total premium*** paid||115% of sum assured|
|Equal to or greater than 45||7 times annualised premium***||105% of total premium*** paid||115% of sum assured|
*** Annualised premium and total premium taken are excluding any extra premium and/or any service tax and cess on premium.
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 Save Assure are:
|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|
You can avail loan under your policy, provided at least three(3) full years' premiums have been paid. The loan amount shall be up to 90% of the surrender value.
Ravi aged 30 years has taken a Bajaj Allianz Save Assure policy for a Policy Term of 17 years. The Sum Assured chosen by him is Rs.5,00,000.
* 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.