Invest Assure - A Non-Linked Endowment Plan

A plan that keeps your future safe without ifs and buts

Assured protection with financial benefits!

Invest Assure

A Non-Linked Endowment Plan.

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About
Bajaj Allianz Invest Assure

It takes only a moment to make promises and a lifetime to keep them. When you promise to see your family through thick and thin, you need to make sure that you have planned for all the eventualities that may befall on them.

Bajaj Allianz Invest Assure is a plan that gives you assured protection with financial benefits.

Tax Benefits

Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and maturity benefit, death benefit and surrender value are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.


That's not all
Key Features

The key features of this plan are:

  • Option to choose 1.25 times or 2 times of Sum Assured as life cover.
  • Compound reversionary bonus and terminal bonus.
  • Limited premium payment term.
  • Option to take policy benefit in monthly installments.
  • More value for money with high sum assured rebate.
  • Attractive premium rates for female life insured.

RightInvest Calculator

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RightInsure Amount Calculator


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How Does Your Plan Work?

You can customize your policy to suit your requirement in the following manner:

Step 1: Choose your Plan Variant - Gold or Silver
Step 2: Choose your Sum Assured
Step 3: Choose your Policy Term
Step 4: Choose your Premium Payment Term from available options

RetireRich Calculator

RetireRich Calculator


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Am I Eligible?

Eligibility Parameter
Minimum Entry Age Silver Variant - 0 year
Gold Variant - 18 years
Maximum Entry Age 50 years
Minimum Age at Maturity 18 years
Maximum Age at Maturity Silver Variant - 70 years
Gold Variant - 65 years
Minimum Policy Term Silver Variant - 17 years
Gold Variant - 15 years
Maximum Policy Term 40 years
Premium Paying Term Premium Paying Terms allowed are as below
Silver Variant      
Policy Term Years 17 to 19 20 to 24 25 to 40
Premium Paying Terms 7 and Policy
Term minus 10
7, 10 and Policy
Term minus 10
7, 10, 15 and Policy
Term minus 10
Gold Variant
Policy Term Years 15 to 19 20 to 24 25 to 40
Premium Paying Terms 5, 7 and Policy
Term minus 10
5, 7, 10 and Policy
Term minus 10
5, 7, 10, 15 and Policy
Term minus 10
Maximum Premium Paying Term 30 years
Minimum Premium
Mode Yearly Half-Yearly Quarterly Monthly*
Premium Rs. Rs. 5,000 Rs. 3,000 Rs. 2,000 Rs. 800
Maximum Premium No Limit
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured No Limit
Premium Payment Frequency Yearly, Half Yearly, Quarterly and Monthly**
**Monthly premium payment frequency will be available under salary deduction scheme & ECS.

Policy Benefits and Features
What's in it for You?

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

You will have the option to surrender your policy provided.

The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV) will be payable at any time of surrender throughout the term of the policy.

  • at least 2 years' premium have been paid, for PPTs less than 10 years or
  • at least 3 years' premium have been paid, for PPTs of 10 years and above.

The surrender value shall be higher of the Guaranteed Surrender Value (GSV) and the Special Surrender Value.

Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death plus vested bonus, if any plus terminal bonus, if any, will be payable. The Sum Assured on Death is the higher of:

  • 10 times of annualised premium* for age at entry less than 45 years or 7 times annualised premium* for age at entry 45 years and above or
  • 105% of total premium* paid till date of death or
  • 1.25 times or 2 times of Sum Assured.

*Annualized Premium and total premium is exclusive of extra premium and service tax and cess, if any

Loan

You can avail loan under your policy, provided your policy has acquired a surrender value. The loan amount shall be up to 90% of the surrender value of your policy.

High Sum Assured Rebate(HSAR)

The plan offers an attractive premium discount, where you can have a discount of 10 on the annual premium for each complete additional 1,000 Sum Assured purchased over and above the minimum Sum Assured of 1,00,000.
Life Insurance Claims Settled

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Sample Illustration

Ramesh aged 27 years has taken a Bajaj Allianz Invest Assure policy and has opted the Gold variant for a policy term of 23 years and premium paying term of 13 years (by selecting a Premium Paying Terms of 'Policy Term minus 10', i.e., 23-10=13). The Sum Assured chosen by him is 5,00,000 for which he is paying an annual premium of 28,790 after a high sum assured rebate of 4,000.

The maturity benefits received by Ramesh will be as follows:
Sum assured on maturity

In case of unfortunate death at age 35 years, the nominee will receive 10,85,830
Sum assured on death
The premiums mentioned above are exclusive of any extra premium loading and/or service tax and cess.

For female lives 3 year age set back is applicable in premium calculation. For substandard and smokers extra premium shall be charged as per board approved underwriting norms

Vested bonus (CRB) mentioned above are not guaranteed and will be based on actual experience.

Bajaj Allianz Invest Assure (UIN: 116N121V01)
For more details, please refer to the brochure.


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Frequently Asked Questions and Support

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Disclaimer: I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business.
Insurance is the subject of the solicitation. For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Service tax and education cess will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

The returns as indicated in the Sales Illustration are only illustrative and they are not guaranteed. The illustrative returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.

The results displayed in the calculators are based on certain assumptions about the rates of return. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.