‘Bajaj Allianz Cash Assure Plan,’ is a traditional, money back policy, which is offering money protection and savings at the same time. There is a lump sum payout in fixed intervals to meet your short-term financial needs. Additionally, you can avail rider benefits by paying a nominal amount.
The plan can be customized as per your needs - You can personalize the policy as per your requirements in the following ways:
The premium is calculated on the basis of sum assured, age of the policy holder, gender and policy term. Although, your money back interval and benefits vary with your policy term.
These amounts are subject to a minimum of 105 percent of the total premium, which is paid as the death benefit. The policy shall be terminated, thereafter.
|
Money Back |
Policy Term |
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|
16 years |
20 years |
24 years |
28 years |
|
|
1st |
4th |
5th |
6th |
7th |
|
2nd |
8th |
10th |
12th |
14th |
|
3rd |
12th |
15th |
18th |
21st |
|
Policy Term |
16 years |
20 years |
24 years. |
28 years |
|
Money Back |
15 percent of the Sum Assured |
20 percent of the Sum Assured |
25 percent of the Sum Assured |
30 percent of the Sum Assured |
|
Maturity Benefits |
60 percent of Sum Assured* Plus Vested Bonus (if any)* Plus Terminal Bonus (if any) |
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Tax Saving Benefits - Under Section 80C of the income tax act, the premium paid under this policy will be deducted from your taxable income.
Checkout the table below for Eligibility Conditions
|
Parameters |
Minimum |
Maximum |
|
Entry Age |
0 days |
54 Years |
|
Maturity Age |
18 Years |
70 Years |
|
Sum Assured |
1 lakh Rupees |
Subject to underwriting |
|
Policy Term |
16, 20, 24 & 28 years |
|
|
Premium Paying Term(Policy Term minus 5 Years) |
16 - 5 = 11 Years 24 - 5 =19 Years 28 - 5 = 23 Years |
|
|
Premium Payment Frequency |
1 Year, 6 months, 3 months and 30 days |
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Free look Period
You can cancel the policy, if you do not feel satisfied with the policy inclusions. The free look period is for 15 days only, and this is calculated from the date of commencement of the policy or policy document submission date. Please note that free look period is 30 days in case of Distance Marketing, if the policy issued is as per the IRDAI guidelines of insurance products.
