Bajaj Allianz Lifelong Assure

Bajaj Allianz Lifelong Assure -Child Investment and Saving Plan
In this digital age your Childs platform to find their life goals and aspirations has expanded manifold. Your child strongest motivation to find and make their own dreams come alive is your unconditional support. Let the challenges of any financial stress not hamper this journey as your children pursue their life goals. An intelligent financial plan would not substitute your unconditional love, but it can become a very strong stepping stone for your Childs life goals.

Bajaj Allianz Lifelong Assure, a whole life insurance plan, is designed to offer the financial support to you as your child moves ahead in his/her life goals journey. This child plan provides income and life cover till you turn 100 years along with cash bonus, if any, starting from end of the 6th policy year, along with guaranteed cash back from the end of your premium payment term (PPT). Your Childs life goals will receive the financial support, even after your death, as this plan offers guaranteed death benefit of up to 300% of sum assured depending on the PPT chosen.

High Sum Assured Rebate

Depending on your age and premium payment term, you can get rebates up to 19 per 1.000 sum assured over and above the minimum sum assured of 1 lakh.

Guaranteed cash back

Guaranteed cash back of 3% of the sum assured will be given year, after end of the premium payment term till the age of 99 year.

Cash bonus (if any) starting from the end of 6 year

Receive cash bonus (if any) starting from the end of 6th policy year till the age of 99 year.

Whole life policy

Life cover available up to the age of 100 year and guaranteed cash back and cash bonus offered till turn 99 year of age.

Limited premium paying term

A limited premium payment insurance plan with three premium paying term -10,15 and 20 year.

Guaranteed death benefit of up to 300% of sum assured

Depending upon the premium payment term you choose, the death benefit could be as high as 300% of the sum assured.

Option to take death benefits in monthly installments

Your nominee will have the option to take the death benefit in equal monthly installments over a period of 5 to 10 year from the date of intimation of death.

The same needs to be informed in writing at the time of filing the death claim form.

Each monthly installment will be an amount equivalent to:

* For 5 year: factor 1 death benefit divided by 60
* For 10 year: factor 2 death benefit divided by 120
* Where factor 1 is 1.04 for a 5-year term and factor 2 is 1.08 for
a 10 year term.

Multiple rider options

Increase your cover by choosing one or more optional riders among the five available under the policy at a nominal extra cost.

High Sum assured rebate

Depending on your age and premium payment term, you can get rebates up to 19 rupee per 1000 rupee sum assured over and above the minimum sum assured of 1 lakh

Eligibility

Entry Age

Minimum age is 10 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 age is 55 years

Policy Term
100 minus Age At Entry

Premium Paying Term
10, 15 and 20 years .

Premium

Minimum Premium


Maximum Premium
No limit

Sum Assured

Minimum Sum Assured is ` 1,00,000
Maximum Sum Assured No limit

Premium Payment Frequency

Yearly, Half Yearly, Quarterly and Monthly*

* Monthly premium payment frequency will be available under salary deduction scheme