Bajaj Allianz Guarantee Assure Plan

Bajaj Allianz Guarantee Assure is a non-participating traditional endowment plan which provides wealth creation and insurance protection for complete security of the policy holder.

Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*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
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Bajaj Allianz Guarantee Assure - Key Features 

  • Non-Participating Endowment Plan
  • Limited Premium Payment
  • Guaranteed Maturity Benefits
  • Guaranteed Death Benefit
  • Lump Sum or Monthly Installment
  • Guaranteed Additions to the Sum Assured 

Bajaj Allianz Guarantee Assure - Benefits 

  • Guaranteed Additions: Every year guaranteed additions are made@ 5%, 6% or 7% for terms of 7, 8, 9 years respectively.
  • Death Benefits: In case of death, the nominees can choose to avail the benefits of death in installments over a period of 5 or 10 years where the monthly installments shall be calculated: 

For 5 year term,

@ 1.04 x Death Benefit / 60

For 10 year term,

@ 1.08 x Death Benefit / 120


Death Benefit = Sum Assured + Accrued Guaranteed Additions


Sum Assured = Higher of,  5 x Annualized Premiums Or,Sum Assured

**The installments can be discontinued where upon, the discounted value of future installments is paid in a lump sum

  • Maturity Benefits: The policyholder can choose to avail the maturity benefits in installments over a period of 5 or 10 years where monthly installments shall be: 

For 5 year term,

@ 1.04 x Maturity Benefit / 60

For 10 year term,

@ 1.08 x Maturity Benefit / 120


Maturity Benefit = Sum Assured + Accrued Guaranteed Additions

**The installments can be discontinued whereupon, the discounted value of future installments is paid in a lump sum

Tax Benefits: All claims received and premiums paid are eligible for tax advantages Under Section 80C and 10 (10D) of Income Tax Act.

Bajaj Allianz Guarantee Assure - Product Specification: 

Product Name

Entry Age

Maturity Age

Policy Term

Premium Paying Frequency

Sum Assured

Bajaj Allianz Guarantee Assure

9 / 60 years

18 / 69 years

7, 8, 9 years

5 years

Rs 1, 00, 000 / No Limit


Bajaj Allianz Guarantee Assure - Policy Details 

Grace Period: A 15 day grace period is allowed on the failure of monthly premium payment and a 30 day grace period is allowed on the failure of other premium payment modes.

Policy Termination or Surrender Benefit: On completion of 2 years with the plan a surrender value gets enabled. The insured can surrender his plan anytime after paying premiums for 2 full years since inception. The surrender value shall be a higher of,

Guaranteed Surrender Value


Special Surrender Value


Guaranteed Surrender Value = % of all Premiums Paid + % of Accrued Guaranteed Additions

Free Look Period: If the insured is not happy with any of the benefits of features provided by the plan, then, he is free to cancel his plan within 15days of receiving the policy documents, given that no claims have been done yet.


  • Loan Benefits: The policyholder can avail a loan of up to 90% of the Surrender Value. The policy provides a loan facility of up to 90% of the Surrender value. 

Additional Features or Riders 

  • Discounted Premiums for Higher Covers
  • Discounted Premiums for Women Insurance Holders
  • Flexible Premium Paying Frequency 


  • Suicide: If the insured commits suicide within the first 12 months since inception, then, his beneficiaries shall be settled by paying 80% of the premiums paid till date. If the insured commits suicide, within the first 12 months of plan renewal, then his beneficiaries shall be settled by paying the higher of, 80% of premiums paid till date or the Acquired Surrender Value. 

Bajaj Allianz Guarantee Assure - Documents Required

Below are the documents which are required to be insured under Bajaj Allianz Guarantee Assure Plan:

  • Duly filled Application form/Proposal form
  • Age Proof
  • Residential Proof
  • Other KYC documents; PAN Card, Adhaar Card, Tax Details etc
  • Past Medical History 

**The documents required are subject to the plan options and the sum assured chosen

You may also like to read: Bajaj Allianz Investment Plans

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Sign up for newsletter
Sign up our newsletter and get email about health plans.

Investment plans articles

Recent Articles
Popular Articles
How to Invest Money

25 Nov 2021

The investment made today is the asset created for tomorrow...
Read more
Gold Bonds in India for NRIs

24 Nov 2021

Gold is an asset whose value increases over time that may be...
Read more
PIS Account for NRI

24 Nov 2021

Non-Resident Indians can operate in the recognized stock...
Read more
Process to Fill SSY Form in Post Office?

20 Nov 2021

The Sukanya Samriddhi Yojana (SSY) is a post office scheme...
Read more
How to Fill a Post Office Savings Bank Form?

20 Nov 2021

Post Office Savings Bank Account is a deposit scheme with easy...
Read more
Best LIC Policies For Investment in 2022
When it comes to purchasing a life insurance plan, 'LIC policies' are the most popular choice for customers. LIC...
Read more
Short Term Investments Options
Short-term investments can be described as temporary investments or marketable securities, which can be easily...
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2022
Are you looking for an investment avenue which is safe and secure, earns substantial returns with a short locking...
Read more
SBI Life Insurance Plans in India
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides...
Read more
State Bank Of India Investment Plans
Monthly investments plan is a popular investment options for individuals who wants to gain a profitable investment...
Read more
Download the Policybazaar app
to manage all your insurance needs.