Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance Company and Bajaj Finserv. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over INR. 55, 00,000 Crores). Allianz SE has over 119 years of financial experience and is present in over 70 countries around the world. At Bajaj Allianz Life Insurance, customer delight is our guiding principle. Our business philosophy is to ensure excellent insurance and investment solutions by offering customised products, supported by the best technology

Life Time Care Bajaj Allianz Life Insurance

The offer financial safety and security to the family member of the insured so that they can live their life happily and peacefully. Apart from this the insurance plan is also known to offer terminal bonus as well. Features and benefits of Bajaj Allianz Life Time Care are: Here, the insured is eligible to have both death as well as maturity benefit. a) In case of maturity benefit, the insured is eligible to have the entire sum that has been assured in this policy. b) In case of death benefit the beneficiary or the nominee would be getting the insured sum after the death of the insured. Riders like accidental death benefit, permanent or partial disability benefit, waiver of premium benefit, critical illness benefit and hospital cash benefit. Options regarding the modes for making the payment of premiums are yearly, quarterly and half-yearly. This is one such policy in which the survival benefits are offered. In this case if the insured has managed to survive for more them eighty years then he or she would become eligible for revisionary, terminal and interim bonus. Tax benefit is also available on to the amount of premium that has been paid for keeping the policy in force. The tax benefit would be offered as per the provisions of section 80D, 80C and section 10(10D) of the Indian Income Tax Act, 1961. Female policy holders are eligible for getting discount on the premiums that is to be paid for keeping the policy in force. Here the basic premium would be similar to the premium for a two year younger male insured.

Super Saver Bajaj Allianz Life Insurance

Super Saver of Bajaj Allianz Life Insurance is a non linked participating regular premium endowment plan that enables the insured to make regular savings. This plan even allows its policy holder to get some extra benefits and guaranteed additions of 4% of the total sum that has been assured. This money would be received at the end of each policy year. Features and benefits of Super Saver Plan are: This insurance policy features the auto cover option that enables the policy to stay in force even after the non payment of premium for two successive years. At this time the insured would not be able to get any bonuses or guaranteed additions. Riders are available in this policy whose main aim is to offer some enhanced financial assistance by making some additional premium payment. Some of the riders that are available in this policy are accidental death benefit rider, total or partial disability rider and family income benefit rider. One of the unique features of this policy is that the policy would remain in force for two successive y ears even if the insured has forgot to make the payment of premium. Policy loan is available in this policy in which the insured is allowed to take loan that is equivalent to the ninety per c ent of the surrender value. The insured would also get a chance to known his or her policy by reviewing it for fifteen days. This is referred as the free look period. If the insured is not at all comfortable with the policy then the insured is free to return the policy and there he or she would get his or her premium money back. Tax benefit is also available in Super Saver of Bajaj Allianz Life Insurance policy and that is as per the provisions of the Indian income tax act 1961.

Save Care Economy SP | Bajaj Allianz Life Insurance

Save Care Economy SP of Bajaj Allianz Life Insurance is an insurance policy that has been planned to offer security and growth to the money that has been earned by the insured. This one is a Single Premium policy

in which the premium is to be paid only for once and for this reason this plan is totally ideal for a one-time lump sum investment. Some of the features and benefit of Save Care Economy SP of Bajaj Allianz Life Insurance are as follows:

The minimum term of this insurance policy is 10 years and since this plan is a participating plan therefore the insured are allowed to have bonus at the time of maturity. The minimum guarantee return that has been offered under this plan is up to 3.54(%) per cent. This amount would grow up further with the help of compounded yearly bonuses. Up to 142(%) per cent of high risk cover is offered in this policy to the insured on to the sum that has been invested at the time of the origination of the policy. This feature has been introduced to offer financial protection from various unpredictable difficulties. The insured is also eligible for receiving tax benefit as per the provisions of section 88 and section 10(10D) of the Indian Income Tax Act 1961. At the time of maturity, the insured is eligible to get accrued bonus along with the sum that has been assured in the policy. Death benefit is also there by the nominee or the beneficiary of the policy would be getting the entire sum that has been assured along with the accrue bonus in case of an uncertain death of the insured.

Bajaj Allianz Invest Gain | Features & Benefits

Bajaj Allianz Life Insurance Offer Invest Gain is an individually designed plan that offers a unique combination of benefits that help you develop a sound financial portfolio for your family. Most important feature of this life insurance plan is FIB or Family Income Benefit that sustains the family by compensating for loss of income due to death or permanent disability. Under this feature, incase of death or accidental total permanent disability of insured, all future premiums are waived and 1% of the sum assured is paid monthly till the end of policy period or atleast till 10 years whichever is higher. Additional Benefits of this Life Insurance Plan are:-

Comprehensive Accident Protection. Critical Illness Benefit. Hospital Cash Benefit. 4 Times Life Cover at a little extra cost. Limited premium payment option available

Money Back Plan A money back plan which guarantees 5 easy payouts giving upto 125% + bonuses. Also 4 times a life cover. The additional benefits offered are Family Income Benefit Accidental Death Benefit and Disability Benefit. Critical Illness Benefit and Hospital Cash Benefit.

Bajaj Allianz ChildGain | Benefits

Taking care of a child is perhaps the most important job a parent can have. It is but natural that you would like to give your child your best, and therefore, this is the time when careful financial planning can help you fulfill the aspirations that you have for your children. The Bajaj Allianz Child Gain Solutions help you to enjoy the joys of parenthood responsibly, with the comfort of a secure future for your child. Additional Benefits:

Limited Premium Payment Term Premiums are payable till your child attains age 18 years. Growth in Contributions by the way of compounded annual bonuses. Tax Benefits are available under Section 88 and Section 10 (10 D) of the Income Tax Act. Assuring Your Childs Future: We have built in some added benefits in all our plans to protect the interests of your childs future. Option to Purchase Further Insurance at Maturity We offer the child an option to purchase a with profits endowment or an equivalent plan from Bajaj Allianz Life Insurance Company for twice the amount of face value of this policy.

Bajaj Allianz Cash Rich Insurance Plan | Money Back Plan

A regular stream of income for all time helps, but when they are matched with your lifes goals, it leaves you with a smile. Bajaj Allianz CashRich Insurance Plan, a plan that provides you cash benefits at 3 important stages of your life cycle.

Key Benefits of Bajaj Allianz CashRich Insurance Plan Get cash benefit in three tranches:

Accumulated compound reversionary bonus on achievement of premium payment term. Cash Back benefit of 5(%) per cent of the sum assured plus cash bonus, if any acknowledged every year, during the cash back period end. Sum Assured plus terminal bonus, if any on maturity of the policy. Flexibility to:

Select your policy term from 10 years to 65 years depending on your financial require. Select your limited premium paying term (PPT) from 5 years to 30 years, in multiple of 5 only. Pay your future premiums in advance and get benefit of suitable discounts.

Swarna Vishranti Bajaj Allianz Life Insurance

A plan that offer full freedom to an insured to control his or her future. This is one such plan that helps the insured to plan for their retirement before their retirement. In this policy the premium or the annuity that is to be paid would help them to get steady and regular income after their retirement thereby promising full financial support. Features and benefits of Swarna Vishranti are: The insured is offered with the option to make purchase of immediate annuity either from Bajaj Allianz or from any other insurance company that is recognized by the Insurance Regulatory Development Authority or IRDA. The insured is also offered with the option of withdrawing certain percentage of the sum that has been assured along with accrue bonus if there is any. The money and the bonus are fully exempted from Income tax as per the provisions of the Indian income tax act. Riders are also offered here in this policy that is available after making an additional premium payment. The riders that are available to the insured are critical illness benefit, accidental death benefit, family income benefit and hospital cash benefit. Tax benefits are also available in this policy for the premiums that has been paid for making the policy more effective. Tax benefits are as per the provisions of section 80C of the Indian income tax act. The premiums that have been paid for critical illness benefit and hospital cash benefit riders are fully exempted from tax as per section 80D