Bajaj Allianz Invest Assure

Investment Policy With Bonus - Bajaj Allianz Invest Assure
A steady strong ship is a smart way to maneuver through choppy seas. Similarly, a viable financial plan will help you sail through the various turns of life. A life insurance policy with a significant life cover is designed to help you manage the surprises of life, celebrate milestones and help in your family's life goals. This life insurance investment option is Bajaj Allianz Invest Assure is a non-linked, life, participating, individual, limited premium, endowment saving plan, which is filled with benefits to help you and your family work towards your life goals in an easy manner. Further the financial security or life cover helps your family stay on track with their life goals, even in your absence.

KEY ADVANTAGE
[B]Variant
Depending on variant chosen silver or gold you can choose the death cover best suited for you.
Silver
the death cover is 1.25 times the sum assured for example, if the sum assured of your policy is 4 lakh the death benefits or life cover would be 5 lakh (1.25x4lakh)
Gold
The death cover is two times the sum assured. for example , if the sum assured of your policy is 5 lakh the death benefit or life cover would be 10lakh (2x5Lakh).

Two options of life cover to choose from
Depending on the variant opted-silver gold you have the option
1-To have a life cover of 1.25 or 2 times the sum assured
2-to choose from multiple premium paying term.

Maturity
On maturity the policyholder will receive the sum assured along with bonus id any.

Bonus
On maturity of the plan you will be paid compound reversionary Bonus (if any) and terminal bonus (if any)

Limited premium payment term
You can avail all the policy benefits from 15-40 years (Depending on the variant) by paying a premium for a limited period

High sum assured rebate
For every 1,000 sum assured over and above the minimum sum assured of 1 lakh the policy gives a rebate of 10 in premium. so for a 5 lakh cover, you get a 4,000 discount in annual premium.

multiple rider benefits
Option to enhance and expand the coverage in this life insurance investment policy by adding any one or more of the five riders at a nominal extra cost.
1-Bajaj Allianz Accidental Death Benefit Rider-UIN;116B034V02
2-Bajaj Allianz Accidental Permanent Total/Partial Disability Benefits Rider - UIN;116B036V02
3-Bajaj Allianz Critical illness Benefits Rider - UIN;116B035V02
4- Bajaj Allianz Family income Benefits Rider -UIN;116B037V02
5-Bajaj Allianz Waiver Of premium Benefit Rider-UIN;116B031V02

Option to change premium paying frequency
Your nominee will have the option to take the death benefit in equal monthly installment over a period of 5 or 10 year from the date of informed in writing at the of filing the death claim form.

Each monthly installment will be an amount equivalent to;
1-For 5 years; 1.04 death benefits divided by 60
2-For 10 Years; 1.08 Death benefit divided by 120
After approval from IRDAI these factor of 1.04 & 1.08 (As mentioned above) can be revised in the future Subject to IRDAI approval.
The nominee will have the option at any time to discontinues receiving the monthly
installment during the installment period. on receiving the request, the nominee will be eligible for an amount equal to the death benefit (as applicable) less the total amount of installment already paid as on the date of request.

Option to change premium paying frequency
The frequency of premium payment monthly- quarterly, half yearly or yearly - can be change anytime during the policy term.

ELIGIBILITY
Entry Age
Minimum Entry Age
Silver Variant 0 year, Gold Variant 18 years Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) or on maturity date.
Maximum Entry Age
50 years

Maturity Age
Minimum Age at Maturity
18 years
Maximum Age at Maturity
Silver Variant 70 years, Gold Variant 65 years

Policy Term
Minimum Policy Term
Silver Variant - 17 years, Gold Variant 15 years
Maximum Policy Term
40 years

Sum Assured
Minimum ` 1,00,000
Maximum No Limit

Premium Paying Term
Silver Variant

Example In Gold variant for a PT of 23 years the available PPT options are 5, 7, 10 & 13 years

Maximum Premium Paying Term
30 years

Premium Payment Frequency
Yearly, Half Yearly, Quarterly and Monthly*

Minimum Premium


Maximum Premium
No Limit