‘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.
Guaranteed Tax SavingsUnder sec 80C & 10(10D)^
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
The plan can be customized as per your needs - You can personalize the policy as per your requirements in the following ways:
Select the Sum Assured
Select the Policy Term
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.
You get money back in fixed intervals.
Up to 150% of money back assurance. Though it varies as per the policy term that you have taken.
You can choose from four policy terms - 16, 20, 24 and 28 years.
You can take advantage of the smaller premium payment term.
Female policyholders can enjoy some special plans.
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.
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.
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|15 percent of the Sum Assured
|20 percent of the Sum Assured
|25 percent of the Sum Assured
|30 percent of the Sum Assured
|60 percent of Sum Assured* Plus Vested Bonus (if any)* Plus Terminal Bonus (if any)
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
|1 lakh Rupees
|Subject to underwriting
|16, 20, 24 & 28 years
|Premium Paying Term(Policy Term minus 5 Years)
|16 - 5 = 11 Years
20 - 5 =15 Years
24 - 5 =19 Years
28 - 5 = 23 Years
|Premium Payment Frequency
|1 Year, 6 months, 3 months and 30 days
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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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