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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:
Minimum Age - 0 years Maximum Age - 50 years
Maximum Maturity Age - 74 years
17 to 24 years
5 to 12 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Bajaj Allianz Life Income Assure Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
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.
Here are some features of Income Assure:
The plan offers flexibility to 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.
The plan has 5 optional add-on riders, allowing you to enhance base cover and get additional protection.
Grow your savings with a yearly cash bonus at the end of each financial year, if any is declared
Get a special premium discount if you opt for a high sum assured amount
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There are various benefits to buying the Bajaj Allianz Life Income Assure Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Bajaj Allianz Life Income Assure Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Income Assure official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Bajaj Allianz Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the ' Bajaj Allianz Life Income Assure Plan'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
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.
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.
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 |
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.
Upon policyholder death during the survival period, the death benefit subtracted from GMI already paid will be payable to the nominee.
The minimum sum assured in Bajaj Allianz Life Income Assure is 144 times the selected Guaranteed Monthly Income.
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.
A high sum assured is available on the annual premium for each extra Rs. 1,000 of coverage bought beyond the minimum required amount.
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).
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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February 5, 2023
Asia/Kolkata
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