Bajaj Allianz Save Assure Plan

Bajaj Allianz Save Assure is a traditional endowment insurance plan which is designed to create wealth through savings and also provide life insurance coverage.

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 Save Assure - Key Features

  • Non-Participating Traditional Endowment Plan
  • Limited Premium Payment Term
  • Discounted Premiums on Higher Sum Assured
  • Guaranteed Death Benefits
  • Guaranteed Maturity Benefits
  • Lump Sum or Monthly Installment

Bajaj Allianz Save Assure - Benefits

  • Death Benefits: In case of death of the insured, 115% of the Sum Assured is paid to the nominee
  • Maturity Benefits: On survival till the date of maturity, 115% of the Sum Assured is paid to the policyholder. The insured can choose to avail his maturity benefits in installments within a period of 5 or 10 years.
  • Tax Benefits: All the claims received and premiums paid for this plan are eligible for tax deductions Under Section 80C and 10(10D) of Income Tax Act.

Bajaj Allianz Save Assure - Product Specification:

Product Name

Entry Age

Maturity Age

Policy Term

Premium Paying Term

Premium Paying Frequency

Sum Assured

Bajaj Allianz Save Assure

1 / 60 years

18 / 75 years

15 , 17 years

5 years

Monthly, Quarterly, Half - Yearly, Annual

Rs 1, 00, 000 / No Limit

 

Bajaj Allianz Save Assure - Policy Details

Grace Period: If the insured fails to pay his monthly premiums by his premium due date then he is allowed a 15 days grace period for paying his premiums and a 30 days grace period for other premium payment modes.

Policy Termination or Surrender Benefit: On completion of 3 years with Save Assure plan, a surrender value gets enabled. The insured can cancel his plan anytime after 3 years of complete premium payment with a surrender value, given that all premiums have been paid.

Surrender Value =

Higher of,

Guaranteed Surrender Value = % of all Premiums paid

Or, Special Surrender Value = Reduced Sum Assured x Special Surrender Value Factor

Free Look Period: If the insured is not satisfied with his insurance plan, then he is free to cancel it within 15 days of policy inception, given that no claims have been made so far.

Inclusions

Loan Benefits: The insured can avail loan benefits under this plan up to 90% of the surrender value, given that 3 full years of premiums have been paid.

Additional Features or Riders

  • Discounted premiums for higher covers.
  • Flexible premium payment frequency.

Exclusions

Suicide: If the insured commits suicide within 12 months since inception, 80% of the premiums will be paid to his beneficiaries. And, if the insured commits suicide, within 12 months of the renewal of the plan, then, the nominees shall be paid the higher of 80% of the premiums and Acquired Surrender Value.

Bajaj Allianz Save Assure - Documents Required

Below are the documents which are required to be insured under Bajaj Allianz Save 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
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the
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
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
  • Expert Advice
  • 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