Bajaj Allianz Super Life Assure Plan

A non-linked, participating, regular premium endowment plan with twin benefit of comprehensive protection & compulsory savings for your targeted financial goals.

Key Features

  • Provides monthly income in case of unfortunate death
  • Helps in meeting key financial milestones with multiple policy term options
  • Offers bonus year on year to enhance your savings
  • Special rates for female policyholders

Add-ons

  • Maturity benefit
On payment of all due premium, you will receive 100.1% of total premiums paid.
  • Death benefit
  • Assured sum with any vested or terminal bonus is provided to the nominee in case of death of the life insured.
  • The nominee will get an additional of 100% of sum assured as income benefit, payable in 120 monthly installments, over the next 10 years starting from the date of settlement of death benefit.
  • On payment of all due premium, you will receive 100.1% of total premiums paid.
    • Rider benefit
    Bajaj Allianz Waiver of Premium Benefit Rider

    Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 0 55
    MATURITY AGE 18 70
    SUM ASSURED 1,00,000 NO LIMIT
    POLICY TERM 12 20
    PREMIUM PAYEMENT TERM EQUAL TO POLICY TERM CHOSEN
    PAYMENT TERMS YEARLY, HALF YEARLY, QUARTERLY, MONTHLY

    What if?

    • I am unable to pay on time
    A grace period of 30 days for premium payment is given and 15 days for monthly frequency to pay the due premium.
    • I stop the payment
    If minimum of 3 years premium is paid for a policy of term then the policy will be converted to paid up policy else lapsed.
    • I wish to take a loan
    Loan facility is available under this policy up to 90% of the Surrender Value under the Plan if it has acquired a surrender value.

    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