- Features
- Important Details of the Plan
- Premium Frequency Factor
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Key Benefits of Bajaj Allianz CashRich Insurance Plan
Get cash benefit in three tranches:
- Accumulated compound reversionary bonus on completion of premium payment term.
- Cash Back benefit of 5% of the sum assured plus cash bonus, if any declared every year, during the cash back period end.
- Sum Assured plus terminal bonus, if any on maturity of the policy.
Flexibility to:
- Select your policy term from 10 years to 65 years depending on your financial need.
- Select your limited premium paying term (PPT) from 5 years to 30 years, in multiple of 5 only.
- Pay your future premiums in advance and get benefit of appropriate discounts.
Option to:
- Keep your policy in-force for full sum assured for a period of two years, even if you miss to pay your premiums on due dates, provided you have paid at least 3 year"s premiums in full.
- Convert your policy to a "single premium term cover with return of premium (ROP)" policy, if you miss to pay your premiums on due dates provided you have paid at least 5 years" premiums in full.
Get more value for money with attractive high sum assured rebate
Optional riders to enhance your protection
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| Parameter |
Details |
| Minimum Entry Age |
0 years (18 years for additional riders) |
| Maximum Entry Age |
60 years (50 years for additional riders) |
| Minimum Age at Maturity |
18 years |
| Maximum Age at Maturity |
100 years |
| Premium Paying Term |
5, 10, 15, 20, 25 & 30 years, (maximum premium
payment ceasing age is 65 years) |
| Cash Back Period |
5 to 35 years |
| Policy Term |
Minimum: 10 years
Maximum: 65 years |
| Minimum Premium |
Rs.8,000 per Yearly Installment
Rs.4,000 per Half-yearly Installment
Rs.2,000 per Quarterly Installment
Rs.750 per Monthly installment |
| Maximum Premium |
No Limit |
| Minimum Sum Assured |
Rs.100,000 |
| Maximum Sum Assured |
No Limit |
| Premium Payment Frequency |
Yearly, Half-yearly, Quarterly and Monthly.
The monthly mode will be allowed for direct debit
& through ECS only, and 3 installments need to be paid
at the inception of the policy. |
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The installment premium for the premium payment frequencies other
than yearly mode is arrived at by multiplying the annual premium by the
premium frequency factors, given below.
| Premium frequency |
Monthly |
Quarterly |
Half yearly |
Yearly |
| Frequency Factor (freq) |
0.09 |
0.26 |
0.51 |
1.00 |
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