Bajaj Allianz Cash Assure Plan

• Money back at regular intervals
• Guaranteed Money Back
• Guaranteed and assured Death cover
• Option to choose from 4 flexible policy terms
• Limited premium payment term
• Offers high sum assured rebate
• Special premium rates for female lives
• Option to alter premium payment frequency
• Loan available against the policy
• Get tax benefits under section 80C & 10 (10D)

Death Benefit

In the event of death of the life insured, the Death Benefit payable is Sum Assured on Death plus Vested Bonus, plus Interim Bonus, plus Terminal Bonus, subject to a minimum of 105% of the total premiums paid. Sum Assured on Death is higher of Sum Assured or 10 times of annualized premium.

The death benefit is payable even after the commencement of the survival benefit during the term of the policy.

Maturity Benefit

On survival of the life Insured till the end of the policy term, 60% of Sum Assured + Vested Bonus + Terminal Bonus is payable.

Survival Benefit

The Survival Benefit as Money Back is payable under the plan.

For policy term 16 years, The money backs are paid at the end of 4^th/8^th/12^th policy year. The money back payable is 15% of sum assured.
For policy term 20 years, The money backs are paid at the end of 5^th/10^th/15^th policy year. The money back payable is 20% of sum assured.
For policy term 24 years, The money backs are paid at the end of 6^th/12^th/18^th policy year. The money back payable is 25% of sum assured.
For policy term 28 years, The money backs are paid at the end of 7^th/14^th/21^st policy year. The money back payable is 30% of sum assured.

Loan Benefit

You can avail loan amount up to a maximum of 60% of the acquired Surrender Value.

Surrender Value

The policy can acquire Surrender Value after payment of all the due premiums for at least three full policy years. Upon surrendering the policy, the higher of Guaranteed Surrender Value or Special Surrender Value is payable.

Tax Benefit

You can avail tax benefits for premiums paid under section 80C & the benefits received is eligible for tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Following riders can be opted, on payment of additional rider premium.

• Bajaj Allianz Accidental Death Benefit Rider
• Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider
• Bajaj Allianz Critical Illness Benefit Rider
• Bajaj Allianz Family Income Benefit Rider
• Bajaj Allianz Waiver of Premium Benefit Rider

Raman at 30 years, wants to buy Bajaj Allianz Cash Assure to get regular money backs along with life protection. He opts the plan with the policy term of 28 years, Sum Assured is Rs 4,00,000 with annual premium of Rs 25,186.

Scenario A: Raman Survives the Policy TermIf Mr. Raman survives till the maturity of the policy term, he receives 60% of the Sum Assured + Vested Bonus + Terminal Bonus. In total, he receives Rs 5,85,818 at investment return of 8% or Rs 2,99,949 at investment return of 4%.



Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during 15th policy year, the nominee will receive Rs 5,58,483 at investment return of 8% or Rs 4,31,073 at investment return of 4%. The policy terminates after payment of the death benefit.