Are you searching for Bajaj Allianz Investment Plans? This is the right place to know the complete details of Bajaj Investment plans and its Key features. Bajaj Allianz company introduces various investment plans to their customers. These Bajaj Allianz Investment Plans are useful to meet the needs of various individuals. Everyone wants to save the money for some purposes like study purpose, marriage purpose, house, etc. Hence those people may use these Bajaj Allianz Investment Plans and secure your life.
Bajaj Allianz Investment Plans
The various Investments plans present in the Bajaj Allianz Company is here for your guidance. The Bajaj Allianz Investment Plans provides the financial support to the families of the Insured in critical situations such as unfortunate accidents that lead to a death of the insured person within the policy period.
The Bajaj Allianz Company Limited is offering various Online Term Plan, Protection Plans, Child Plans, Retirement Plans, and so on. The customers can choose their Policy Plan depending on the situation and their needs. Select the Life Insurance which best suits for you. Each and every plan can be given in detail on the Official Website, or you can also download the particular Plan Broucher. The various plans exist in the Bajaj Allianz Investment plans are as follows
- Bajaj Allianz Invest Assure Plan.
- Fortune Gain Plan.
- Bajaj Allianz Elite Assure Plan.
Bajaj Allianz Invest Assure Plan
Key Features
- More value for money with high sum assured rebate.
- Attractive premium rates for female life insured.
- Limited premium payment term.
- This plan has a facility to take the policy benefit in monthly instalments.
- Bajaj Life Insurance provides an option to choose 1.25 times or 2 times of Sum Assured as life cover.
- It offers various bonuses like a compound reversionary bonus and terminal bonus.
- You have an opportunity to enhance your coverage with rider benefits.
How Does Bajaj Investment Plan Works?
There are four ways to customise your requirement. Follow the steps and know the different ways of working process of Bajaj Allianz Investment Plan.
- Choose your Plan Variant either Gold or Silver.
- Pick your Sum Assured.
- Select the Policy Term.
- From Available Options, choose the Premium Payment Term.
Eligibility Details of Bajaj Allianz Invest Assure Plan
| Feature | Type | Minimum | Maximum |
| Premium payment frequency | Yearly,
Half Yearly, Quarterly Monthly |
||
| Entry age | Silver Variant | 0 Years | 18 years |
| Gold Variant | 18 Years | 50 Years | |
| Maturity age | Silver Variant | 18 Years | 70 Years |
| Gold Variant | 18 Years | 65 Years | |
| Policy term | Silver variant | 17 Years | 40 Years |
| Gold variant | 15 Years | 40 Years | |
| Premium paying termSum Assured | Silver variant | For 17 to 19 years: 7 and Policy Term minus 10
20 to 24 years: 7, 10 and Policy Term minus 10 Between 25 to 40 Years: 7, 10, 15 and Policy Term minus 10 |
|
| Gold variant | 15 to 19 Years: 5,7 and Policy Term minus 10
For 20 to 24 Years: 5, 7, 10 and Policy Term minus 10 Between 25 to 40 Years: 5, 7, 10, 15 and Policy Term minus 10 |
||
| Minimum Premium | Yearly – 5000 /-
Half Yearly – 3000/- Quarterly – 2000/- Monthly – 800/- |
||
| Sum Assured | Rs 1,00,000 | No Limit | |
Benefits & Features
A wide range of advantages is available to the policyholders by the Bajaj Allianz Life Insurance Company. The list of various Benefits and features are listed here.
Maturity Benefit
On the maturity date, if all premiums are paid, the Sum Assured plus vested bonus and terminal bonus, if any, under your policy, will be paid, and the policy will terminate
Surrender Benefit
The policyholder will have the option to surrender their policy chosen. The surrender value shall be higher of the Guaranteed Surrender Value(GSV) & Special Surrender Value(SSV) will be payable at any time of surrender throughout the term of the policy. For more info follow the broucher information.
Death Benefit
In a case of unfortunate death of the policyholder during the policy term is happen and if you pay all the due premiums then you will get payable the amount is equal to The Sum Assured on Death+vested bonus(if any)+terminal bonus(if any). The Sum Assured on Death is the higher of
- 0 times of annualised premium
- 105% of total premium
- 1.25 times or 2 times of Sum Assured.
Tax Benefits
The life assured who have paid the Premium are eligible for tax benefits under section 80C of the Income Tax Act. Under Section 10(10D) of the Income Tax Act, you may be eligible for Maturity benefit, death benefit and Surrender value subject to the terms stated within it. Tax benefits are changed according to the tax laws.
Additional Rider Benefit
The life assured can enjoy the extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The list of riders available with Bajaj Allianz Invest Assure is as follows
- Accidental Death Benefit Rider UIN: 116B034V01
- Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider UIN: 116B036V01
- Critical Illness Benefit Rider UIN: 116B035V01
- Bajaj Family Income Benefit Rider UIN: 116B037V01
- Waiver of Premium Benefit Rider UIN: 116B031V01
Loan
If your policy has acquired a surrender value, then you can avail loan under your policy. The loan amount shall be up to 90% of the surrender value of your policy.
For furthermore Information, check the broucher of Bajaj Allianz Plan
Bajaj Allianz Fortune Gain
How Does Bajaj Investment Plan Works?
- In Bajaj Allianz Fortune Gain, the premium paid by you, after applying the applicable premium allocation rate, is invested Investor Selectable Portfolio Strategy.
- The units are allocated at the current unit price of the fund.
- Both Mortality charge and policy administration charge are deducted monthly through cancellation of units.
- The Fund management charge is adjusted in the unit price.
Key Features
Bajaj Allianz Fortune Gain is a non-participating, individual, single premium Unit-Linked endowment plan. The various Key features are as follows
- For single premium 10 lacs and above 99.5% premium is allocated.
- In order to manage your investments better Systematic switching option is available.
- This Plan has an option to decrease sum assured.
- It provides an option to make partial withdrawals from the funds.
- The Policyholder has an option to pay the top-up to the extent of the single premium paid.
- Depending on the single premium & policy term chosen, a loyalty Additions of 3% of the single premium is added.
- You have a choice of seven (7) funds.
- The life insured has an options to take maturity benefit in instalments.
Who are Eligible for Bajaj Allianz Fortune Gain Plan?
| Feature | Minimum | Maximum |
| Entry age | 1 Year | 63 Years |
| Maturity age | 18 Years | 70 Years |
| Policy term | 07 Years | 30 Years |
| Single premium | Rs 50,000/- | No Limit |
| Minimum Sum Premium | 1.25 times single premium – Age Less than 45 yrs
1.1 times single premium – Age Greater than or equal to 45 yrs |
|
Maximum Sum Assured
| Policy Term | Entry Age | ||||
| 1-20 | 21-30 | 31-35 | 36-44 | above 45 | |
| 7-10 | 10 | 10 | 10 | 5 | 1.5 |
| 11-15 | 10 | 10 | 8 | 3 | 1.5 |
| 16-20 | 10 | 8 | 5 | 3 | 1.5 |
| 21-25 | 10 | 6 | 4 | 2 | 1.5 |
| 26-30 | 10 | 5 | 3 | 2 | NA |
Minimum & Maximum Sum Assured on Top-up Premium
| Age | Top- -up sum Assured Multiplier |
| < 45 Years | 1.25 times top-up premium |
| >= 45 Years | 1.1 times top-up premium |
Benefits & Features
A wide range of advantages is available to the policyholders by the Bajaj Allianz Life Insurance Company. The list of various Benefits and features are listed here.
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be equal to the single premium fund value +top up premium fund value(if any)both as on the maturity date, and provided the policy is in-force.
Death Benefit
An unfortunate death of the life insured happen before the expiry date and provided the policy is in force; the nominee will get a death benefit as a lump-sum of
(i) The higher of the sum assured or single premium fund value.
(ii) The higher of premium top-up sum assured/top-up premium fund value(If any).
Loyalty Additions
As per the below tabular form your policy will be entitled to loyalty additions. The addition, expressed as a percentage of the single premium, will be added to the single premium fund value at the maturity date of your policy.
| Policy Term | Single Premium | |
| 50,000 to 99,999 | above 100,000 | |
| 7-10 | Nil | Nil |
| 10-30 | Nil | 3% |
Surrender Benefits
The policyholder has the option to surrender their ULIP policy at any time.
- On surrender during the lock-in period of first five years, the single premium fund value, less the surrender charge+the top up premium fund value(if any) as on the date of surrender, will be transferred to the discontinued life policy fund. Then the life cover shall terminate immediately.
- On surrender after the lock-in period of first five years, the surrender value available will be single premium fund value +top up premium fund value(if any) as on the date of surrender.
- The policy shall thereafter terminate upon payment of the full surrender value by the company.
Download the Detailed Broucher of this plan and get the complete details
Bajaj Allianz Elite Assure
Bajaj Allianz Elite Assure is a traditional savings plan that offers the most attractive return while protecting your family. It is a Non-linked Endowment Plan. The wide range of features, Eligibility Details and other various factors are mentioned here. Before going to chose this policy, the life assured need to check all the details completely.
Key Features
Bajaj Allianz Elite Assure is a traditional participating regular and limited premium payment endowment plan. The various key features of Bajaj Allianz Elite Plan are as follows.
- This plan is a perfect balance of life protection and the great return on investment for the policyholder.
- Depending on the premium payment term chosen by the life assured guaranteed Loyalty Additions of up to 315% of Guaranteed Maturity Benefit will be payable.
- It has the choice of 4 policy terms 15, 20, 25 and 30 years.
- The Bajaj Allianz Elite plan has an option of regular and limited premium payment term.
- This plan also has a rider benefits to enhance your Coverage.
How Does Bajaj Investment Plan Works?
There are four ways to customise your requirement. Follow the steps and know the different ways of working process of Bajaj Allianz Investment Plan.
- Choose your policy term.
- Select your Premium Paying Term.
- Choose your Premium Payment Frequency.
- Select your Guaranteed Maturity Benefit.
Eligibility Details of Bajaj Allianz Plan
| Feature | Minimum | Maximum |
| Entry age | 1 Year | 55 Years |
| Maturity age | 18 Years | 70 Years |
| Policy term | 15 Years
20 Years 25 Years 30 Years |
|
| Premium paying Term | 7, 10 & equal to Policy Term | |
| Premium | As per the chosen Guaranteed Maturity Benefit | |
| Sum Assured | 10 times of Annualized Premium | |
| Guaranteed Maturity Benefit | 5,00,000 | No Limit |
| Premium Payment Frequency | Half-yearly
Yearly Quarterly Monthly |
|
Benefits & Features
A wide range of advantages is available to the policyholders by the Bajaj Allianz Life Insurance Company. The list of various Benefits and features are listed here.
Maturity Benefit
The Maturity Benefit is equal to the – Guaranteed Maturity Benefit (GMB) +Guaranteed Loyalty Additions (GLA) +Vested Bonus (VB) plus Interim Bonus (IB)(if any)+Terminal Bonus (TB)(If any).
Surrender Benefit
The Life assured will have the surrender option for their policy anytime, provided
- At least 1 full year’s premium has been paid if Premium payment term is less than 10 years
- At least 2 full years’ premiums have been paid, if premium payment term is 10 years or more.
The surrender value shall be higher of:
- Guaranteed Surrender Value (GSV) or
- Special Surrender Value (SSV)
Death Benefit
In any situation, an unfortunate death of the policyholder happened and if he/she paid all due premiums during the policy term, the death benefit will be payable as the Sum Assured on Death +vested bonus, (if any) +terminal bonus, (if any). The Sum Assured on Death is the higher of:
- Guaranteed Maturity Benefit
- Sum Assured
Tax Benefits
The life assured who have paid the Premium are eligible for tax benefits under section 80C of the Income Tax Act. Under Section 10(10D) of the Income Tax Act, you may be eligible for Maturity benefit, death benefit and Surrender value subject to the terms stated within it. Tax benefits are changed according to the tax laws.
Additional Rider Benefit
The life assured can enjoy the extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The list of riders available with Bajaj Allianz Invest Assure is as follows
- Death Benefit Rider UIN NO 116B034V01.
- Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider UIN No 116B036V01
- Critical Illness Benefit Rider UIN No 116B035V01.
- Bajaj Allianz Family Income Benefit Rider UIN No 116B037V01.
- Waiver of Premium Benefit Rider UIN No 116B031V01.
Click and Download the Broucher and get the complete details.
Bajaj Allianz Premium Calculator
The Policyholders of Bajaj Allianz can make use of the Premium Calculator offered by the company to compute the monthly Premium of the Bajaj Allianz Investment Plans. Finally, you can check the total Maturity Amount. Before going to check the premium amount the policyholder need to have the basic details like
- Name.
- Mobile Number.
- Mail Id.
- Policy Term.
- Age.
Bajaj Allianz Investment Plans Buying Process
A wide range of buying processes is available for the policyholder to buy a new policy. For complete info on buying a new policy, you may visit the nearest Bajaj Allianz Company Branch Officer. Visiting official website is the easy way rather than visiting the branch office. Various documents to fill the application form for new Bajaj Allianz Investment Plans are.
- Proposal form / Application form along with the photo.
- Age Proof.
- Address Proof.
- Medical Reports (if required).
Bajaj Allianz Investment Claim Process
The Claim Process of the Bajaj Allianz Investment Plans will exist with the death of the Policyholder. The documents required while claim process of the Bajaj Allianz Investment Plan listed below.
- Death Certificate Original from Municipal / Local Authorities.
- Original Policy Document.
- Hospital Records including Discharge Summary.
- Claimant’s Statement and Claim Forms.
- Date of Birth Proof.
- NEFT Form.
- A copy of Pass Book.
- Address Proof of Nominee.
- And Additional documents, in the case of death, occurred due to unnatural or accidental death.