Bajaj Allianz Invest Assure is a traditional Endowment Assurance plan designed to provide financial security in future through wealth accumulation and life insurance cover
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
Silver – 0 years Gold - 18 years |
50 years |
|
Maturity Age (Last Birthday) |
18 years |
Silver – 70 years Gold – 65 years |
|
Policy Term (PT) in years |
Silver – 17 Gold - 15 |
40 |
|
Premium Paying Term (PPT) in years |
5 |
30 |
|
Premium Paying Frequency |
Annual, Half-yearly, quarterly, monthly |
|
|
Yearly Premium |
5000 |
No limit |
|
Sum Assured |
100,000 |
No limit |
Annual premium in Rupees for Gold variant
|
Age |
27 years |
|
Term |
23 years |
|
PPT |
13 years |
|
Premium |
28,790 |
|
Sum Assured |
500,000 |
|
Total Maturity benefit |
788,450 |
Grace Period: 15 days’ grace period is allowed for premium payment in monthly modes and 30 days in other modes
Policy Termination or Surrender Benefit: the policy can be surrendered anytime if three or two full years’ premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)
GSV = (% of all Premiums paid) + (% of Vested Bonuses)
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
