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Bajaj Allianz Invest Assure Plan

What is the Plan all About?

Bajaj Allianz Invest Assure is a participating, non linked, a limited pay endowment plan that provides assured protection with financial benefits. This plan assures that you have planned for all eventualities and objectives, which may occur in the lifetime.


What are the Key Features?

  • Choose 1.25 or 2 times of sum assured as life cover
  • Limited premium pay term
  • Silver and Gold plan variant
  • Avail compound reversionary bonus and terminal bonus
  • Policy benefit in monthly installments for 5 or 10 years
  • Enjoy high sum assured rebate
  • Choose riders to enhance protection
  • Premium discounts for female life insured
  • Option to change premium payment frequency
  • Tax Benefits as per IT Laws

What are the Plan Benefits?

Death Benefit

    In case of demise of the life insured during the tenure of the policy, provided all premiums are paid, sum assured on death plus terminal bonus plus vested bonus is payable to the nominee. Sum assured on death is higher of 105% of total premiums paid (as on date of death), 10/7 times of annualized premium for age at entry less than 45 years/45 years or more respectively, 1.25/2 times of sum assured.

Maturity Benefit

    Maturity benefit equal to the Sum Assured plus vested bonus plus terminal bonus is payable and the policy then terminates.

Loan Benefit

    Loan facility can be availed up to 90% of the surrender value.

Surrender Value

    Surrender value is available after payment of all premiums for 2/3 years policy years, when premium paying term is less than 10 years/ premium paying term is 10 years or more. Surrender value is higher of Guaranteed Surrender Value and Special Surrender Value.

Tax Benefit

    Premium paid are eligible for tax benefits under Section 80C and maturity/death benefit/surrender value can also get tax benefits under Section 10 (10D) of the Income Tax Act.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) Silver Variant- 0 Year Gold Variant- 18 Years 50 Years
Age at Maturity 18 Years Silver Variant- 70 Years, Gold Variant- 65 Years
Policy Tenure Silver Variant- 17 Years Gold Variant- 15 Years 40 Years
Premium Paying Term Silver Variant- 7 Years Gold Variant – 5 Years -
Premium Paying Mode Annually, Semi Annually, Quarterly & Monthly -
Premium Amount Rs 5000(annually) No Limit
Sum Assured Rs 1 Lac No Limit (subject To Underwriting)
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Online -

Is any Rider Available with this Plan?

Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider, Bajaj Allianz Family Income Benefit Rider, Bajaj Allianz Waiver of Premium Benefit Rider, & Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider can be opted under this plan.

How the Plan Works?

Let us understand the plan with the help of an Example:

Age of Life Insured: 27 years
Policy Term Chosen: 23 years with premium paying term of 13 years

Ramesh (life insured) chose a sum assured of Rs 5,00,000 with premium of Rs 28,790 per annum after getting a high assured rebate of Rs 4,000.

Maturity benefit under this policy is:

Bajaj Allianz Invest Assure

In case of death of Ramesh at 35 years, the nominee will get the following death benefit.

Bajaj Allianz Invest Assure Plan

Please note: Vested bonus is calculated @ 8% & 4%. These rates of investment return is non-guaranteed and it’s only for explanatory purpose. For female lives 3 year age set back is applied in calculating the premium. For substandard and smokers, extra premium is chargeable.