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Product Information
Saving And Investment Plans Bajaj Allianz Super Life Assure
Synopsis:
A plan that provides the twin benefit of comprehensive protection & compulsory savings for your targeted financial goals. It also offers an option to select a unique feature - Income Benefit which will help your family maintain their standard of living incase anything unfortunate happens to you. You can ensure a secured future for your loved ones with this plan.

Features:

  • Helps in meeting key financial milestones with multiple policy term options
  • Choice of 2 plan variants: Super and Life - to secure your family's future
  • Income Benefit1 - provides monthly income incase of unfortunate death
  • Offer bonuses year on year to enhance your saving
  • Option to enhance your coverage with rider benefits
  • Special rates for female policyholders 1Available with Super variant

Benefits:

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  • Maturity Benefit:
    a.Sum Assured plus Vested Bonus plus Terminal Bonus, if any, if you have paid all due premiums under your policy. The minimum guaranteed maturity benefit is 100.1% of total* premiums paid
    b.The maturity benefit will be same for both the variants
    *Total premium is exclusive of extra premium, rider premium and Goods and Service Tax, if any
  • Death Benefit:
    If all due premiums are paid, then in case of unfortunate death of the Life Assured during the policy term, the death benefit will be:
    a.If Life variant is opted, higher of:
    - Sum Assured on Death# plus Vested Bonus plus Terminal Bonus, if any, or
    - 105% of the total premiums* paid
    b.If Super variant is opted, higher of:
    - Sum Assured on Death# plus Vested Bonus plus Terminal Bonus, if any, or
    - 105% of the total premiums* paid
  • Income Benefit:
    The nominee would get an additional 100% of Sum Assured as Income Benefit, payable in 120 monthly installments, over the next 10 years starting from the date of settlement of the death benefit. The amount of monthly installment is equal to Sum Assured/120
    The risk cover under the policy will cease on the date of death.
    #Sum Assured on Death is higher of Sum Assured or 10 times of Annualized Premium*
    *Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any
Eligibility:
Entry Age: Minimum
Super - 18 years 
Life - 0 years
Maximum
Super - 50 years
Life - 55 years
Maturity Age: Minimum
Super - 30 years
Life - 18 years
Maximum
70 years 
Policy Term: 12 to 20 years
Premium Paying Term: Equal to Policy Term chosen