Income Assure
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
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Customized Investment Plan for you.

Select Your Annual Income

15 Lacs+ P.A. 10-15 Lacs P.A. 7-10 Lacs P.A. 5-7 Lacs P.A. 3-5 Lacs P.A. Upto 3 Lacs P.A.

Age

Income Assure

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease.

Under this plan, you'll even get a high sum assured rebate on an annual premium for each complete additional Rs. 1,000 sum assured purchased. With Bajaj Allianz Life Income Assure, you'll receive a yearly cash bonus at the end of each financial year, if any is declared.

Bajaj Allianz Life Income Assure Plan offers you a range of benefits including:

why-choose
  • Choice of 2 life cover variants
  • Flexibility to choose premium payment term
  • Special premium rates for women
  • High sum assured rebate
  • Choice of rider options

Eligibility Criteria for Income Assure

Your Occupation

Entry age

Minimum Age - 0 years Maximum Age - 50 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 74 years

Your Gender

Policy tenure

17 to 24 years

Maternity Benefit Rider

Premium payment term

5 to 12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

No limit

How Does the Bajaj Allianz Life Income Assure Plan Work?

Let's understand how the Bajaj Allianz Life Income Assure Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.

Solution

His financial advisor advised him to buy the Bajaj Allianz Life Income Assure. He visited PolicyX.com

Let's understand how the Bajaj Allianz Life Income Assure Plan works for him with a premium illustration table.

Annual Premium Policy tenure Premium Payment Tenure Maturity Benefits
Rs. 31,788 24 years 12 years Rs 4,32,000

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 4,32,000 are paid to the policyholder.

Features of Income Assure

Here are some features of Income Assure:

Bajaj Allianz Investment Plans

Bajaj Allianz's Assured Wealth Goal is a non-linked, non-participating life insurance savings plan. It offers the dual benefit of saving and insurance...

Unique Features

  • Joint life cover
  • Six variants options
  • Regular guaranteed income

Bajaj Allianz Assured Wealth Goal (Pros)

Bajaj Allianz Assured Wealth Goal
  • Joint life cover
  • Six variants options
  • Regular guaranteed income

Bajaj Allianz Assured Wealth Goal (Cons)

Bajaj Allianz Assured Wealth Goal
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Bajaj Allianz Assured Wealth Goal (Other Benefits)

Bajaj Allianz Assured Wealth Goal
  • Death Benefits
  • Maturity Benefits
  • Tax Benefits

Bajaj Allianz Assured Wealth Goal (Eligibility Criteria)

Bajaj Allianz Assured Wealth Goal
  • Minimum entry age- 0 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 30000
  • Maximum sum assured- No limit
  • Maximum policy term- 44 years

Bajaj Allianz Flexi Income Goal is a non-linked, participating, guaranteed income Life insurance plan. It offers the dual benefit of insurance and sav...

Unique Features

  • Life cover up to 99 years
  • Joint life cover
  • Regular steady income

Bajaj Allianz Flexi Income Goal (Pros)

Bajaj Allianz Flexi Income Goal
  • Life cover up to 99 years
  • Joint life cover
  • Regular steady income

Bajaj Allianz Flexi Income Goal (Cons)

Bajaj Allianz Flexi Income Goal
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Bajaj Allianz Flexi Income Goal (Other Benefits)

Bajaj Allianz Flexi Income Goal
  • Cash bonuses
  • Death Benefits
  • Maturity Benefits

Bajaj Allianz Flexi Income Goal (Eligibility Criteria)

Bajaj Allianz Flexi Income Goal
  • Minimum entry age- 0 years
  • Maximum entry age- 99 years
  • Minimum sum assured- Rs 158400
  • Maximum sum assured- Rs No limit
  • Maximum policy term- 60 years

Bajaj Allianz Life Guaranteed Income Goal by Bajaj Allianz Life Insurance is a non-linked savings life insurance plan. It offers the dual benefit of s...

Unique Features

  • Guaranteed returns
  • Choice of two variants
  • Policy loan available

Guaranteed Income Goal (Pros)

Guaranteed Income Goal
  • Guaranteed returns
  • Choice of two variants
  • Policy loan available

Guaranteed Income Goal (Cons)

Guaranteed Income Goal
  • Suicide not covered
  • Aviation accidents not covered
  • Adventurous activities not covered

Guaranteed Income Goal (Other Benefits)

Guaranteed Income Goal
  • Guaranteed increasing income
  • Extended life cover
  • Flexible policy and premium payment term

Guaranteed Income Goal (Eligibility Criteria)

Guaranteed Income Goal
  • Entry Age: Minimum Age - 6 years Maximum Age - 60 years
  • SA: No limit
  • Maximum Maturity Age - 72 years

Bajaj POS Goal Suraksha Plan by Bajaj Allianz Life Insurance is a combination of a life insurance plan as well as a savings plan. It provides death be...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

POS Goal Suraksha (Pros)

POS Goal Suraksha
  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

POS Goal Suraksha (Cons)

POS Goal Suraksha
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

POS Goal Suraksha (Other Benefits)

POS Goal Suraksha
  • Policy loan
  • Tax benefits
  • Death benefits

POS Goal Suraksha (Eligibility Criteria)

POS Goal Suraksha
  • Minimum entry age- 0 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 30000
  • Maximum sum assured- Rs 25 lakhs
  • Maximum policy term- 20 years

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz Life Insurance is a participating savings plan offering guaranteed regular monthly income and a...

Unique Features

  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate

Income Assure (Pros)

Income Assure
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate

Income Assure (Cons)

Income Assure
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Income Assure (Other Benefits)

Income Assure
  • Choice of 2 life cover variants
  • Flexibility to choose premium payment term
  • Special premium rates for women

Income Assure (Eligibility Criteria)

Income Assure
  • Minimum entry age- 0 years
  • Maximum entry age- 50 years
  • Minimum sum assured- 144 times of Guaranteed Monthly Income
  • Maximum sum assured- No limit
  • Maximum policy term- 24 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of the Bajaj Allianz Life Income Assure Plan

There are various benefits to buying the Bajaj Allianz Life Income Assure Plan. Let’s understand each of them in detail:

  • Death Benefit: Upon the policyholder's untimely death during the policy term, the death benefit amount will be paid out to the nominee.

  • Maturity Benefit: Once the Policy matures at the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you.
  • Survival Benefit: If you outlive the premium payment term, the Guaranteed Monthly Income (GMI) will be paid for 144 months from the end of the premium payment term (PPT) till the end of the Policy Term (PT).

  • Surrender Benefit: If you don't need to continue your policy, you can surrender anytime during the policy and receive a surrender benefit. Your policy obtains a surrender value once you've paid the full premiums for the first two years.

Documents Required to Buy Bajaj Allianz Life Income Assure Plan

Here is the list of documents required to buy the Bajaj Allianz Life Income Assure Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Income Assure?

You can buy the Income Assure official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Bajaj Allianz Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the ' Bajaj Allianz Life Income Assure Plan'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the Bajaj Allianz Life Income Assure Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of the Bajaj Allianz Life Income Assure Plan

Given below are some exclusions of the Bajaj Allianz Life Income Assure Plan-

  • Suicide within 12 months of the policy purchase is not covered.

  • Consumption of any intoxicants.

  • Death due to any aviation accident.

  • Death due to any adventurous sports.

Plan At a Glance

What’s Good Here What’s Missing
Choice of Payout Options Premium Offset
Guaranteed Monthly Income  Guaranteed Additions 
Survival Benefit  Whole Life Cover
Additional Bonuses Large Premium Boost Discounts 

In a nutshell

Bajaj Allianz Life Income Assure is a participating savings plan offering guaranteed regular monthly income and assured life cover. It provides a choice of 2 life cover variants: Income & Assure. If you still need any information regarding this plan, contact our insurance experts anytime for free advice at PolicyX.com.

FAQs: Bajaj Allianz Income Assure Plan

1. What is the death benefit during the survival period in Bajaj Allianz Income Assure?

Upon policyholder death during the survival period, the death benefit subtracted from GMI already paid will be payable to the nominee.

2. What is the minimum sum assured in Bajaj Allianz Life Income Assure?

The minimum sum assured in Bajaj Allianz Life Income Assure is 144 times the selected Guaranteed Monthly Income.

3. How long does the life cover last in the Bajaj Allianz Income Assure plan?

You can choose a premium payment term for 5, 7, 10 or 12 years (PPT) and enjoy a life cover for 17, 19, 22, or 24 years.

4. What is the high-sum assured rebate for Bajaj Allianz Life Income Assure?

A high sum assured is available on the annual premium for each extra Rs. 1,000 of coverage bought beyond the minimum required amount.

5. What is the maturity benefit of Bajaj Allianz Life Income Assure?

If you survive until the end of the policy term (PT), you’ll receive a Vested Bonus (if declared) plus a Terminal Bonus (if declared).

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Sahil Singh Kathait

Written By: Sahil Singh Kathait

A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.