Bajaj Allianz Guarantee Assure Plan

A non-linked, non-participating individual limited premium endowment plan. This plan gives your money invested with profit upon maturity and also covers your life including illness during the policy term. It is a perfect combination of savings and protection to your life.

Key Features

  • Fixed premium payment term of 5 years
  • Guaranteed addition of up to 63% of Sum Assured on Maturity
  • Attractive premium rate for female lives

Benefits

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

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 9 60
POLICY TERM 7 9
AGE OF MATURITY 18 69
SUM ASSURED 1,00,000 NO LIMIT
PREMIUM PAYEMENT TERM 5
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
If the premium for 2 years is paid 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