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Tax Savings Investment Plans From Bajaj Allianz Life

Savings plan helps you build a healthy corpus over long-term to help you meet your life goals and also protects your family’s dreams in your absence.

Tax saving plans
  • Online Plans
  • Offline Plans
  • Bajaj Allianz Life Guaranteed Income Goal

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    Every one of us has Life goals that we want to achieve in life. But some of the Life Goals are non-negotiable and we would like to achieve them with guarantee. Smart financial decisions, such as investing in guaranteed income plan, might help to turn these Life Goals into a reality.

    • Get Guaranteed Increasing Income5
    • Option to Extend Life Cover beyond Policy Term
    • Tax Benefit u/s 80C & 10 (10D)*
    • Choice of 2 variants, Income benefit and Lump-sum benefit
  • Bajaj Allianz Save Assure

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    Guarantees have a reassuring ring, especially when it comes along with an investment solution. Guarantees come into play to enable you maxmise your returns, and hence an ideal investment portfolio should have some products that offer guaranteed returns. This is further sweetened when there is a long-term time horizon in play. 

    • Guaranteed maturity benefit
    • Rebate for high sum assured
    • Limited premium payment term
    • Rider benefits
  • Bajaj Allianz Life Super Life Assure

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    Life insurance enables us to meet our life goals in several ways. Most critically it offers a life cover that is a financial support for one’s dependents. Some life insurance policies offer more than that, to enable you to enjoy the returns on the investments made.

    • Sum assured plus income benefit#
    • Multiple policy terms
    • High sum assured rebate
    • Option to choose waiver of premium benefit rider

    #depending on variant chosen

  • Bajaj Allianz Guarantee Assure

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    As we grow, both responsibilities and expectations increases. The lists of life goals too becomes longer. Amongst the list, managing your money, or investing it or saving it for a rainy day also makes an appearance. To meet this life goal, we look for options that will help us manage our current and future responsibilities, as well as give us a little extra to help us meet any unexpected requirements. Hence, investing in a policy that assures you of guaranteed benefits can help you plan towards your life goals a little better. 

    • Guaranteed additions of up to 63% of sum assured on maturity#
    • Multiple policy terms
    • Short premium payment term of only 5 years
    • More value with high sum assured rebate

    #depending on policy term chosen

  • Bajaj Allianz Life Guaranteed Income Goal

    View more

    Every one of us has Life goals that we want to achieve in life. But some of the Life Goals are non-negotiable and we would like to achieve them with guarantee. Smart financial decisions, such as investing in guaranteed income plan, might help to turn these Life Goals into a reality.

    • Get Guaranteed Increasing Income5
    • Option to Extend Life Cover beyond Policy Term
    • Tax Benefit u/s 80C & 10 (10D)*
    • Choice of 2 variants, Income benefit and Lump-sum benefit
  • Bajaj Allianz Life Income Assure

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    Did you spot the beautiful watch that you wanted to purchase, but didn’t? Or check the advertisement of your dream holiday and didn’t end up booking it immediately. Perhaps the amazing sport shoes your child wanted but you had to postpone the purchase. All because the budget for the month was getting tighter than usual. Wouldn’t it be satisfying if you could buy those things that really meant a lot to you, instantly? By dipping into a kitty that you were building for exactly these times, the stream of second income. That is when a life insurance plan, which guarantees a monthly income comes handy.

    • Guaranteed monthly income for 144 months
    • Choice of 2 life cover variants: Income & Assure
    • Limited premium payment term      
    • Bonus to enhance your savings 
  • Bajaj Allianz Save Assure

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    Guarantees have a reassuring ring, especially when it comes along with an investment solution. Guarantees come into play to enable you maxmise your returns, and hence an ideal investment portfolio should have some products that offer guaranteed returns. This is further sweetened when there is a long-term time horizon in play. 

    • Guaranteed maturity benefit
    • Rebate for high sum assured
    • Limited premium payment term
    • Rider benefits
  • Bajaj Allianz Guarantee Assure

    View more

    As we grow, both responsibilities and expectations increases. The lists of life goals too becomes longer. Amongst the list, managing your money, or investing it or saving it for a rainy day also makes an appearance. To meet this life goal, we look for options that will help us manage our current and future responsibilities, as well as give us a little extra to help us meet any unexpected requirements. Hence, investing in a policy that assures you of guaranteed benefits can help you plan towards your life goals a little better. 

    • Guaranteed additions of up to 63% of sum assured on maturity#
    • Multiple policy terms
    • Short premium payment term of only 5 years
    • More value with high sum assured rebate

    #depending on policy term chosen

  • Bajaj Allianz Cash Assure

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    Life goals, whether big or small, require planning. Doing so for your key milestones is a good practice. However, sometimes certain moments that are aptly backed by your life insurance product can help you make big memories. For instance, surprising your child with the new trending device as they enter college, or ensuring your parents always celebrate their anniversary with you and your children, or perhaps presenting your spouse their dream gift when they least expected it. 

    • Up to 150% of sum assured as money back
    • High sum assured rebate
    • Multiple rider options
    • Option to change premium payment frequency

    #based on premium term chosen

  • Bajaj Allianz Life POS Goal Suraksha

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    Your family's security and its future well-being is one of the most treasured dreams in your life. But when Security is backed up by a guarantee, your dream can transform into an achievable GOAL. Presenting Bajaj Allianz Life POS Goal Suraksha, an easy to buy, nonlinked non-participating limited premium payment endowment plan that secures you and your family against all odds with a guaranteed sum at maturity.

    • Guaranteed maturity benefit
    • Limited premium payment term
    • Option to alter premium payment mode
    • Offers Guaranteed Additions at maturity
    • Option to take policy loan

A savings plan is a traditional endowment life insurance plan that provides you returns over the long term to enable you to meet your life goals. It allows you to save in a systematic manner over a long term, which is crucial in helping you achieve your dreams.  

A savings plan has two components – insurance and wealth creation. With an insurance cover, you can ensure that your loved ones do not face any financial hurdle in case something happens to you. The second part on the other hand, invests in a portfolio of largely, government bonds, fixed deposits etc, to enable your investments to grow. Savings plan is an apt option if you are looking for a returns with moderate risk in the long term.

Under savings plans, one can opt for a participating plan or a non-participating plan. A participating plan allows you to benefit from the profits of the insurance policy in the form of bonus. On the other hand, non-participating plan comes with guaranteed returns. Bonus is not applicable to a non-participating plan. 

  • Savings plus life insurance cover: A part of the premium goes towards ensuring a life cover, and the rest of the amount is invested in a conservative portfolio of bonds and other fixed-income securities.

  • Eligible for tax saving investments: The premium invested in savings plan is eligible for Income Tax deductions up to Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. The maturity benefit and death benefit are also eligible for tax benefits under Section 10(10D) of the Income Tax Act 1961, subject to the provisions stated therein.

  • Bonus: Under participating savings plan the policyholders are allowed to participate in the surplus of the Insurance Company which the Company may declare in form of bonus to policyholders thus adding to your overall returns. Click here to know more about our bonus history. Bonus under participating plans are not guaranteed and depends on the performance of the Company.

  • Loan: You can avail the loan against your savings plan to meet any expense.

  • Death and Maturity Benefit in instalments: In some plans one can opt to receive death and maturity benefit in instalments to ensure judicious use of funds.  

  • Compulsory savings: A key advantage of savings plan is that it encourages disciplined savings, thus allowing you to meet your life goals. 

Keep these factors in mind to get the preferred savings plan:

  • Investment objective: Before you decide on the savings plan, be aware of your life goals, and time horizon in which you want to accomplish your goal. This will help you in deciding on the savings plan which best meets your requirement.

  • Policy term: Choose the policy term in keeping with your life goal. For instance, if you need a corpus for purchasing a home in the next ten years, then go for a policy term of seven-to-ten years.

  • Regular income: Some savings plans come with the feature of guaranteed regular income after a certain period. You can use the second income to reach your goals faster.

  • Life cover: Savings plan offer a dual benefit of savings and life cover. It is a good addition to your term insurance cover as they offer life cover and also ensure systematic savings over long term to help you achieve your life goals.

  • Bonus: Savings plan reward long-term customers of participating plans with bonuses, so opt for a plan that has a track record of giving good bonus regularly. However such bonuses are not guaranteed and depends on the performance of the company.

  • Guaranteed Returns: The non-participating savings plan offer guaranteed returns, subject to fulfillment of certain policy conditions. This way you are sure about the returns and can plan your expenses accordingly. 

Bajaj Allianz Life is a trusted life insurance company and one of the leading players in the life insurance industry. With over half a dozen savings plan – from basic endowment plan to regular and guaranteed income plans – Bajaj Allianz Life offers a complete product portfolio of savings plans for you to choose from, to take you closer to your dreams and aspirations.

The Company also believes in delivering that little extra to its loyal customers. A case in point is the recent announcement of Special Bonus, over and above the Compounded Reversionary Bonus, of 1% of the base Sum Assured for its policyholders who have participating policies in force as on March 31, 2018. 

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Can I get regular income from savings plans?

Yes, some savings plans offer regular income options, such as Bajaj Allianz Life Income Assure, which provides regular monthly income to help achieve your life goals. Typically, the life assured starts receiving a regular monthly income for a specific period after the limited premium paying term comes to an end. 

Can I avail loan under a savings policy?

Yes, most of the Bajaj Allianz Life savings plans offer loan, subject to terms and conditions.

What kind of riders are available in a savings plan?

A range of riders, including Bajaj Allianz Accidental Death Benefit rider, Bajaj Allianz Critical Illness Benefit rider, Bajaj Allianz Waiver of Premium Benefit rider and Bajaj Allianz Family Income Benefit rider, are available in savings plan. You can enquire about specific riders available in the plan that you opt for.

Do I get guaranteed returns in a savings policy?

You are eligible for guaranteed returns if you have invested in a non-participating policy, subject to fulfillment of policy terms and conditions.

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