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As a parent your biggest asset is your child/children and you are always most eager to see their life goals being fulfilled.
Child Education Investment Plan - Bajaj Allianz Young Assure
As a parent your biggest asset is your child/children and you are always most eager to see their life goals being fulfilled. Each of their precious milestones make a happy memory for you, and also helps them in preparing for their life goals. While some dreams have no financial obligation to them, several others of your child goals require both time and a financial investment from you. Perhaps, maybe that is why the wise suggest that you save and invest towards your child life goals as soon as they are born.
By starting early, you not only automatically enjoy the several benefits of long-term investing, you are also able to celebrate your child milestones with no worry in the financial front. Bajaj Allianz Young Assure, a traditional savings cum insurance plan will help you become a disciplined investor thus ensuring your child achieves their life goals. It is a traditional, participating, regular and limited premium payment endowment plan, which enables you to plan for financial milestones of your child growing years.
Multiple premium payment and policy term
You can choose from nay of the 3 policy term option -10,15 and 20 year - and for each policy term, there are multiple options of premium paying term.
Guaranteed maturity benefit and guaranteed additions
At maturity, you will receive the guaranteed maturity benefit (GMP) along with the guaranteed addictions (GA) of up to 90% of the GMB.
Bonus
On maturity, you will be paid vested bonus, plus terminal bonus, if any.
Three cash instalment options
You can choose to receive the maturity benefit over three, five or seven year as per the crucial milestones of your child s education journey.
Comprehensive coverage
* In case of death the nominee receives the higher of sum assured or the GMB Immediately and the policy will be converted to a fully paid up policy and will continue to accrue all future GA, bonuses if any till maturity.
* In case of accidental permanent total disability, to the life assured, the policy will be converted to a fully paid -up policy and will continue to accrue all future GA, bonuses if any till maturity.
* The maturity benefit payable id GMB plus guaranteed additions and bonuses if any.
Entry Age
Minimum age is 18 years
Maximum age is 50 years
Maturity Age
Minimum age of maturity 28 years
Maximum age of maturity 60 years
Premium
Based on GMB chosen, age, policy term, premium payment term and premium payment frequency
Premium for female life will be based on the premium rate of 3 years younger male
Guaranteed Maturity Benefit (GMB)
Minimum ` 1,00,000
Maximum As per Board Approved Underwriting Policy
GMB is as chosen by you
Sum Assured
10 times Annualized Premium#
#Annualized Premium is exclusive of extra premium, rider premium, GST/ any other applicable tax levied, subject to changes in tax laws.
Premium Payment Frequency
Yearly, Half yearly, Quarterly and Monthly*
Policy Term & Premium Payment Term (in years)
