Brings you a ONE STOP SOLUTION
for all your FINANCIAL NEEDS!!!
A unique product:FAMILY ASSURE PLAN
FAQ'S
TERMS & CONDITIONS
Click to Download the Supplementary Documents:
(Note : Consult with your senior Distributor to fill the relevent form.
FAMILY ASSURE PLAN
A winning plan for all!!! What does a customer want?
Value for Money “(Returns), Freedom to customize (Protection & Investment), Low cost of Insurance (Charges), Transparency (Right to Know), Use it as “Market Linked Savings Account”
A unique product“FAMILY ASSURE PLAN”, where life cover is provided till the policy term by paying premium only for 3 years, and you will get money whenever you wanted in the form of partial withdrawals (or) full surrender during your survival.
Minimum Premium
Rs.8,000/- 10,000/-* ,13,000/- 15,000/-# per annum only.
Premium Paying Term
Twenty Years only. (Premium Holiday After 3 year)
Basic Maximum Sum Assured
Age
0-18
18-45
46-50
Sum Ass. (15,000/-)
3,00,000
3,00,000
1,95,000
Sum Ass. (13,000/-)
2,60,000
2,60,000
1,30,000
Sum Ass. (10,000/-)
2,00,000
2,00,000
1,00,000
Sum Ass. (8,000/-)
1,60,000
1,60,000
80,000
Policy Terms
20 YEARS
Accidental Death Benefit ( ADB)
Equivalent to Sum Assured.
Entry Age
Anybody between 18 to 50 years of age. (0 to 17 Subject to Documentary)
Benefit Term
Natural Death Benefit would be available till the age of 70 years only & Accident Death upto 65 years.
Partial Withdrawal
* Withdrawal (Partial) allowed after Three years
* Minimum withdrawals amount is Rs.1000/- and Minimum balance to be maintained at 125% of 1 st. Annual premium.
Death Benefits
* Fund Value + Sum Assured
* In case of accidental death-fund value+sum assured+ADB
Full withdrawal
Allowed after 3 yrs (Subject o surrender charges)
Tax Benefit
Premiums & Returns are exempted under sec(s): 80(C), sec. 10(10) D of Income Tax Act.
Allocation:
1st year Allocation – 30%
2nd onwards – 97%
Swiss hills Classic Wrist Watch Pair Allong with Premium of Rs 10,000
Swiss hills Premium Wrist Watch Pair Allong with Premium of Rs 15,000
About Bajaj Allianz :
Allianz
Leading Insurance conglomerate in the world managing assets worth over a Trillion Euros ( over 55,00,000 crores )
Worldwide operations in Life,Non Life,Health and Re Insurance
Over 50% of Fortune 500 Companies insured
Strong focus on bancassurance and Alternate Channel of Distribution globally
Allianz SE:
Over 115 years of experience in Financial Services.
Global network extends to 70 countries.
“AA” Ranking by Standard & Poor Credit Agency.
2nd largest corporation in the world.
Largest Asset managers in the world managing Assets over a trillion Euros ( over 55,00,000 crores ).
Bajaj Allianz Life Insurance
Accelerated Growth
Fiscal Year
No of policies
Gross Written Premium
2001-2002 (6mths)
21,376
Rs. 7 cr
2002-2003
1,15,965
Rs. 69 cr.
2003-2004
1,86,443
Rs. 221 cr.
2004-2005
2,88,189
Rs. 1002 cr.
2005-2006
7,81,685
Rs. 3134 cr.
2006-2007
20,79,217
R.s 5300 cr
2007-2008
37,44,742
Rs. 9675 cr
Shareholder capital base of Rs 1210 cr.
Bajaj Allianz Life Insurances
Strong Branch Network of 1000+ Branches in more than 840 cities and towns.
Sales of more than 60,00,000 policies to satisfied customers.
Robust IT systems which enables Decentralised Operations.
Key Strength - Distribution and Managing Partnerships.
Customer Preferred and Partner friendly business model
Ongoing initiative to penetrate into the mass market through tie ups with segment specific retailers.
Bajaj Allianz Life
S.A. :- Sum Assured (Life Cover)
F.I.B. :- Family Income Benefit a guaranteed monthaly income of 1% of the sum assured (12%p.a)is Paid till the end of the policy term or at least for a period of 10 years whichever is higher, however all future premium
care waived.
W.O.P. :- Waiver of premium.
C.A.P. :- Comprehensive Accident Protection.
Main Benefit:- End of term S.A.+Accured Bonus (Example Plan).
Natural Death :- Immediate S.A.+ Accured Bonus+F.I.B.
Accidental DeathBenefit:-Immediate S.A.+S.A.+Accured Bonus +F.I.B.
Accidental Permamnent Total Disability:- Immediate S.A.+F.I.B+W.O.P+ End of term S.A. + Accured bonus.
Accidental Partial Disability :- Immediate 50% of S.A.+ End of term S.A.+ Accured Bonus.
Note :- For 0 to 17 years FIB & CAP are not included For 18 to 50 years FIB & CAP are included
Note:- The Demand Draft Should be in favour of "Bajaj Allianz Life Insurance Co.Ltd.” Payble at Mumbai.
Policy Commencement will come into effect only after the receipt of policy Documents by the insure.
