Bajaj Allianz Cash Assure Plan

‘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.

How Does the Plan Work?

The plan can be customized as per your needs - You can personalize the policy as per your requirements in the following ways:

1. Select the Sum Assured
2. Select the Policy Term
3. Select the Premium Payment Frequency

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.

Advantages of Bajaj Allianz Cash Assure Plan

1. You get money back in fixed intervals.
2. Up to 150% of money back assurance. Though it varies as per the policy term that you have taken.
3. You can choose from four policy terms - 16, 20, 24 and 28 years.
4. You can take advantage of the smaller premium payment term.
5. Female policyholders can enjoy some special plans.

Benefits of Bajaj Allianz Cash Assure Plan

1. Death Benefits - In case of the sudden demise or death of the insured person during the policy term, the compensations provided to the nominee are mentioned below –

• Total sum assured in the policy
• plus, Interim Bonus, if earned
• with Terminal Bonus, if earned

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.

2. Survival and Maturity Benefits - You need to pay all your premiums timely, to avail money backs on every due date as part of the Survival Benefit. On the date of maturity, you will get all the maturity benefits on timely payment of premiums. 

Check out the table below for Money Back Payouts at the end of the policy term -

 Check out the table for Survival Benefit and Maturity Benefits
 

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

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.