Bajaj Allianz Lifelong Assure Plan

We all wish for regular flow of income at all stages of our life, but most of the time achieving those over age & time is not possible. Helping you with a solution, we at Bajaj Allianz developed Lifelong Assure - a unique plan that provides you income & protection till your 100 birthday so that you can live worry-free for a lifetime.

Key Features

  • Cash Bonus starting from the end of 6th year
  • Guaranteed Cash Back starting from the end of Premium Payment Term
  • Life cover up to the age of 100 years
  • Guaranteed Death Benefit of up to 300% of Sum Assured depending on the PPT chosen
  • Option to take policy benefit in monthly installments

Benefits

  • Survival Benefit
You will start receiving Guaranteed Cash Back of 3% of your Sum Assured every year, from the end of your premium payment term till the age of 99 years.
  • Death Benefit
In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid under the policy.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 10 55
SINGLE PREMIUM Rs.1471(MONTHLY 20 YEAR PLAN) to RS.18,303(YEARLY 10 YEAR PLAN) NO LIMIT
MINIMUM SUM ASSURED 1,00,000 NO LIMIT
POLICY TERM 100 MINUS AGE AT ENTRY
POLICY PAYING FREQUENCY YEARLY , HALF YEARLY , QUARTERLY , MONTHLY

What if?

  • I stop paying premium ?

  • If you have not paid first 3 years’ premiums in full, then, your policy will immediately lapse at the expiry of the grace period.
  • If you have paid at least 3 years’ premiums in full and stopped paying subsequent premiums.
  • Your policy will be converted to a paid-up policy with a reduced sum assured based on some conditions.
  • If at least 5 years’ premiums have been paid in full, then, guaranteed cash back and cash bonus (if any) will be paid, based on the reduced sum assured.
    • I lost my policy document ?

    If the Policy Document is lost or destroyed, then subject to Sub–Section c) below, at the request of the Policyholder, the Company, if satisfied that the Policy Document has been lost or destroyed, will issue a copy of the Policy Document duly endorsed to show that it is issued following the loss or destruction of the original document. The Company will charge a fee for the issuance of a copy of the Policy Document.

    Exclusions

    • Suicide exclusions
    If the Life Assured commits suicide whether sane or insane, within one year from the Date of Commencement of Risk or the date of the latest revival of the Policy, the Company’s liability shall be limited to the extent of the amount mentioned below, whether or not any beneficial interest has been created therein.