Super Life Assure
A Traditional Endowment Plan
Presenting Bajaj Allianz Life Super Life Assure, a plan that provides the twin benefit of comprehensive protection & compulsory savings for your targeted financial goals. It also offers an option to select a unique feature - Income Benefit which will help your family maintain their standard of living incase anything unfortunate happens to you. You can ensure a secured future for your loved ones with this plan.
Bajaj Allianz Life Super Life Assure is a non-linked, participating, regular premium payment endowment plan. The key advantages of this plan are:
1Available with Super variant
You can customize your policy to suit your requirement in the following manner:
Choose your plan variant: Super or Life
Choose your Sum Assured
Choose your Premium Payment Frequency
Plan variant chosen at inception cannot be changed during the policy term.
Your premium will be based on Sum Assured, plan variant, gender, age, policy term and premium payment frequency.
Super - 18 years
Life - 0 yearsMinimum
Super - 50 years
Life - 55 years Maximum
Super - 30 years
Life - 18 years Minimum
12 to 20 years
Premium Paying Term
Equal to Policy Term chosen
|Super||Rs. 5,328||Rs. 2,717||Rs. 1,385||Rs. 480|
|Life||Rs. 5,201||Rs. 2,652||Rs. 1,352||Rs. 468|
|Premium for female life will be based on the premium rate of 3 years younger male|
|Maximum Premium - As per the Sum Assured|
No Limit, subject to underwriting Maximum
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 Life Super Life Assure (UIN:116N134V01)
*Total premium is exclusive of extra premium, rider premium and Goods and Service Tax, if any
If all due premiums are paid, then in case of unfortunate death of the Life Assured during the policy term, the death benefit will be:
The risk cover under the policy will cease on the date of death.
#Sum Assured on Death is higher of Sum Assured or 10 times of Annualized Premium*
*Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any
Additional Rider Benefit
You have an option to get comprehensive protection by choosing the optional additional rider benefit, Bajaj Allianz Waiver of Premium Benefit Rider (UIN: 116B031V01) at a nominal extra cost.
High Sum Assured Rebate(HSAR)
The plan offers a premium discount structure, where you can have a discount of Rs. 25 for each complete additional Rs. 10,000 Sum Assured purchased over and above the minimum Sum Assured of Rs. 2,00,000.
You can avail loan under your policy provided it has acquired a surrender value. The loan amount shall be up to 90% of the Surrender Value available under the policy as on the date of loan.
Nitin aged 30 years has taken Bajaj Allianz Life Super Life Assure (Super variant) and opted for a Policy Term of 20 years. The Sum Assured chosen by him is Rs. 3,00,000 for which he is paying a premium of Rs. 16,136 p.a.
|At investment return||Sum Assured (A)||Vested Bonus (B)||Maturity Benefit (A+B)|
|Of 8%||Rs. 3,00,000||Rs. 2,31,409||Rs. 5,31,409|
|Of 4%||Rs. 3,00,000||Rs. 77,085||Rs. 3,77,085|
In case of unfortunate death of Nitin at the end of the 10th policy year, the nominee will receive the Death Benefit as given below:
|At investment return||Sum Assured on Death (A)||Vested Bonus (B)||Death Benefit payable immediately (A+B)|
|Of 8%||Rs. 3,00,000||Rs. 99,278||Rs. 3,99,278|
|Of 4%||Rs. 3,00,000||Rs. 36,341||Rs. 3,36,341|
Premium shown above is for "Super" variant and is exclusive of Goods and Service Tax and any extra premium.
Vested Bonus at 8% & 4% is not guaranteed and is for illustrative purpose only.
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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. Goods and Service 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.
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.