|
|
|
|
|
|
|
Insurance Company
|
Bajaj Allianz Life Insurance Company Ltd
|
|
Plan Name
|
Bajaj Allianz InvestGain - Platinum
|
|
Plan Nature
|
TRADITIONAL
|
|
Plan Category
|
Protection Plan
|
|
UIN No.
|
116N012V01
|
|
About Plan
|
It is a specially designed plan that offers a unique combination of benefits that help you develop a sound financial portfolio for your family.Most significant feature of the life insurance plan is FIB 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.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
18 years
|
|
Maximum Entry Age
|
50 years
|
|
Maximum Maturity Age
|
70 years
|
|
Minimum Policy Term
|
5 years
|
|
Maximum Policy Term
|
40 years
|
|
Minimum Sum Assured
|
Rs.50000
|
|
Maximum Sum Assured
|
No Limit
|
|
Minimum Premium
|
Rs.5000 for Annual Mode, Rs.2500 for Half Yearly, Rs.1250 for Quarterly, Rs.500 for Monthly.
|
|
Premium Paying Term
|
Equal to the policy term
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Death Benefits
|
In case of death or accidental total permanent disability, a guaranteed monthly income of 1% of the sum assured (12% per annum) is paid till the end of the policy term or at least for a period of 10 years, whichever is higher. Moreover, all future premiums are waived.
|
|
Loan against policy
|
You can avail of loans under your policy provided the policy has acquired a surrender value. The loan amount shall be within 90% of the surrender value.
|
|
Premium Benefit
|
An accident may lead to permanent total disability, limiting one's ability to earn. Bajaj Allianz Waiver of Premium benefit is a helping hand when one needs it most. It waives off all future premiums while keeping the valuable life insurance cover alive, thus enabling you to live up to your commitments.
|
|
Hospital Cash Benefit
|
The worry of settling hospital bills (room charges) adds to the trauma of hospitalisation. Bajaj Allianz Hospital Cash Benefit reduces this financial burden and helps recovery with peace of mind.
|
|
Surrender Benefit
|
While we do not encourage surrender of a policy as it breaks your security cover, we realize the importance ofavailability of cash at a short notice in some emergencies. Therefore this plan provide you with a choice of surrendering the policy.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive Accident Protection [116C001V01]
|
|
Critical Illness Benefit [116C007V01]
|
|
Hospital Cash Benefit [116C008V01]
|
|
Family Income Benefit [116B009V01]
|
|
Mahila Gain (CI+Reconstructive Breast Surgery) [116C012V01]
|
|
|
|
|
|
|
|
|
|
Flexibility in Coverage: It believe in offering benefits and not just products. We realize that you are unique and your needs for insurance vary with time. We therefore offer you the flexibility of inclusion of coverage or exclusion of coverage at each policy anniversary, subject to conditions relating to such inclusions and exclusion.Comprehensive Accident Protection can be included and excluded at each policy anniversary. Family Income Benefit, Critical Illness Benefit and Hospital Cash Benefit can be taken at inception only. CI & HC can be reduced or excluded subsequently at any policy anniversary. Once reduced or excluded, they cannot be increased or included subsequently.
|
|
Increase in risk coverage: Every added responsibility in your life calls for increase in your risk cover. We provide you the option to increase coverage upto 50% of the basic Sum Assured on each of the following happy moments in your life* Your marriage* the birth of your first child* the birth of your second childThis additional coverage is not subject to inderwriting.
|
|
More value for money-our attractive High Sum Assured Rebate: It offers an attractive premium discount structure, where you can have a discount of at least Rs.84 on the annual premium for every additional Rs.10000 Sum Assured purchased over and above the minimum Sum Assured of Rs.50000. For example, as per tabular premium rates, te annual premium for a 30 year old male for a 30 year policy of Rs.5 lakh Sum Assured comes to Rs.16050/- before the High Sum Assured Rebate. After the high sum assured rebate, te premium is Rs.12270/- only.
|
|
Limited Premium Payment Terms-For your Convenience: You do not have to pay premiums for the full term of the policy. We provide you with a range of limited premium payment terms for you to finish obligations as fast as possible and enjoy the benefits of life cover without any worry thereafter.
|
|
Advantage Women: There will be premium discount for female policyholders in the package. Basic premium payable will be equivalent to the premium for a two-year younger male policyholder for the base policy only.
|
|
|
|
|
|
|
|
03-Jul-09
10:49
|
Bajaj Allianz has invested Rs 50 cr SKS Microfinance
|
|
16-Jun-09
10:59
|
Bajaj Allianz Life has launched Invest Plus
|
|
21-May-09
11:46
|
Bajaj Allianz Life Insurance posted profit of Rs 45 Cr in FY09
|
|
13-May-09
12:59
|
Bajaj Allianz Life launched ULIP plan
|
|
21-Apr-09
10:41
|
Allianz expands India presence into asset management
|
|
11-Apr-09
10:45
|
Policies for women : Bajaj Allianz
|
|
31-Mar-09
09:46
|
Bajaj Allianz to insure all Volkswagen vehicles
|
|
17-Feb-09
16:20
|
Bajaj Allianz launches CenturyPlus II
|
|
20-Jan-09
12:50
|
Private insurers see market share rise to 62%
|
|
16-Jan-09
16:20
|
Bajaj Allianz Life Insurance GWP is Rs 6726cr
|
|
17-Dec-08
14:15
|
Equity-based Ulips outdo indices
|
|
13-Dec-08
11:20
|
Allianz sees bright future for its Asian operations
|
|
21-Nov-08
09:56
|
Bajaj Allianz to infuse Rs.300 Cr
|
|
30-Aug-08
10:12
|
Vijender Singh snapped up by Bajaj Allianz Life Insurance
|
|
22-Aug-08
17:00
|
Bajaj Allianz Life Insurance is going in for a rejig
|
|
18-Aug-08
11:40
|
Bajaj Allianz Introducing Bajaj Allianz Fortune Plus
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|