Bajaj Allianz Invest 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

  • Limited premium payment term
  • Compound reversionary and terminal bonus
  • More value for money with high sum assured rebate

Benefits

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

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 50
    POLICY TERM 15 40
    AGE OF MATURITY 18 70
    SUM ASSURED 1,00,000 NO LIMIT
    PREMIUM PAYEMENT TERM 17 40
    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 minimum of 2 years premium is paid for a policy of term less than 10 years and 3 years premium is paid for a policy of term greater than 10 years then the policy lapsed and a percentage of paid amounts are 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