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Secure Your Child’s Future with Bajaj Life ‘Young Assure’ Insurance Plan
Bajaj Life Insurance has launched ‘Young Assure’, a traditional participating insurance plan with features to help one secure enough funds for their child’s future. The plan comes up with an inbuilt feature in case of an unfortunate event. It means, on death or accidental permanent disability of the life assured, all future premiums will be waived and the policy will remain effective and will continue till the maturity date. Also, death benefits will be paid to the beneficiary at the time of death of the life assured.
Investing in your child's future:Nothing is more important than securing your child's future
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
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- Secure Your Child’s Future with Bajaj Life ‘Young Assure’ Insurance Plan
This plan gives an opportunity to the policyholder to select minimum guaranteed maturity at the time of buying with flexible policy terms of 10, 15 and 20 years. Further, it also gives guaranteed additions to the maturity amount and applicable bonus, thereby ensuring that policyholder/beneficiary gets higher returns at the end of the policy term.
An individual between 18-50 years can start the policy with minimum Rs 1 lakh as guaranteed maturity benefit. There is no upper limit on the maximum guaranteed maturity benefit that can be opted by a policyholder.
People also read: Child Education Plan
Source: This news was published on March 31, 2015 in business-standard.com under the title: Bajaj Life launches Young Assure.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.