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
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*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
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
+91
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

Where,

Death Benefit = Sum Assured + Accrued Guaranteed Additions

And,

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

Where,

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

Or,

Special Surrender Value

Where,

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.

Inclusions 

  • 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 

Exclusions 

  • 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

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Average Rating
(Based on 0 Reviews)
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
ULIP vs Mutual Fund

30 May 2022

For a better financial future, it is extremely crucial to choose...
Read more
Bajaj Allianz ULIP Plan Calculator

18 Jan 2022

Bajaj Allianz ULIP calculator is a specifically developed tool...
Read more
Axis ULIP Calculator

18 Jan 2022

This Axis ULIP calculator is a specifically developed tool which...
Read more
SBI ULIP Plan Calculator

18 Jan 2022

This SBI ULIP calculator is a specifically developed tool that...
Read more
Bajaj Future Gain

24 Nov 2021

The Bajaj Future Gain plan is a unit-linked insurance plan that...
Read more
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
Read more
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
Read more
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
Read more
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Read more
ULIP vs Mutual Fund
For a better financial future, it is extremely crucial to choose an investment option that is best suited to you...
Read more

top
  • Zero% commission
  • No hidden charges
  • One click easy refund
  • 100% calls recorded
Invest ₹10k/month Get ₹1Cr
Tax free on maturity*
Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL