Bajaj Allianz Elite Assure Plan

A traditional savings plan that offers the most attractive return while protecting your family. This savings plan gives back your money to you with additional bonus at the end of maturity in addition to it will also cover your life during the entire policy term.

Key Features

  • Guaranteed Money Back of up to 315% of Guaranteed Maturity Benefit
  • Option of regular and limited premium payment term

Benefits

  • Death benefit
Assured sum with any applicable bonus is provided to the nominee in case of death of the life insured.
  • Maturity benefit
On payment of all due premium, you will receive the sum assured and the Guaranteed additions as maturity benefit.

Add-ons

  • Rider benefit
  • Bajaj Allianz Accidental Death benefit
  • Bajaj Allianz Accidental Permanent Total/Partial Disability benefit
  • Bajaj Allianz Critical illness benefit
  • Bajaj Allianz Family Income benefit
  • Bajaj Allianz Waiver of Premium benefit
  • Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 0 55
    POLICY TERM 15 30
    PREMIUM PAYEMENT TERM 7 10
    AGE OF MATURITY 18 70
    SUM ASSURED 5,00,000 NO LIMIT
    PAYMENT TERMS YEARLY, HALF YEARLY, QUARTERLY, MONTHLY

    What if?

    • I am unable to pay on time
    If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends. The policy can be reinstated within 2 policy years from the date of discontinuance after paying all the unpaid premiums.
    • I stop the payment
    For a policy of term less than 10 years and if premium is paid for 1 year or for a term of more than 10 years and if premium is paid for 2 years then a percentage of paid amount is returned to the policy holder else the policy is lapsed.
    • I wish to take a loan
    Loan facility is available under this policy up to 90% of the Surrender Value under the Plan.

    Exclusions

    • If the life assured commits suicide, whether sane or insane, the Company‚Äôs liability shall be limited to the extent of:
  • If the date of death is 1 year from the date of commencement of risk, 80% of the premium paid
  • If the date of death is 1 year from the date of the latest revival, higher of 80% of the premiums paid less survival benefits paid till date of death and Surrender Value on the date of death