Retirement pension scheme- The stages at which cash benefits are

The stages at which cash benefits are given are:

·         Completion of Premium Payment Term – An accumulated compound reversionary bonus is payable

·         Cash Back Period – After the premium payment term is completed up till the maturity date, a Cash Back benefit of 5% of the sum assured plus cash bonus (if any declared) is payable every year

·         Maturity of Policy - Sum Assured plus terminal bonus
 

 The plan offers the flexibility to select your policy term from 10 years to 65 years depending on your financial need and select your limited premium payment term (PPT) from 5 years to 30 years, in multiple of 5 years only. The plan also offers a discount for premiums paid in advance, which is declared by the company every year. The rate of discount for FY 10-11 is 7% p.a. compounding annually.

Other Features - Retirement pension scheme
·         Keep your policy in-force for full sum assured for a period of two years, even if you miss to pay your premiums on due dates, provided you have paid at least 3 year’s premiums in full.

·         Convert your policy to a “single premium term cover with return of premium (ROP)” policy, if you miss to pay your premiums on due dates provided you have paid at least 5 years’ premiums in full.

·         Get more value for money with attractive high sum assured rebate

·         Optional riders to enhance your protection
 

Best ULIP Plan and Savings investment Plan

Bajaj Allianz Life Insurance has launched its new online ULIP plan – Bajaj Allianz iGain III.  The plan is available exclusively in the online platform. Bajaj Allianz was the first insurer to offer exclusive online ULIPs in 2008 and with the changing guidelines the new versions were launched. iGain III is one of the most simple to understand and has unmatched features. It has the highest allocation of 98% from the start of the policy.

Besides this, Bajaj Allianz iGain III offers the following features –

• 100% allocation from 6^th policy year onwards
• Option to select policy term of 10, 15 or 20 years and premium paying term of 5 years  up to 20 years
• Payment of an additional sum assured in case of accidental death
• Choice of 7 investment funds to invest in as per your risk appetite
• Flexibility to pay top-up premium and make partial withdrawals
  
  

Mahima Tankha, Head – Websales, Bajaj Allianz said, “The USP of Bajaj Allianz iGain III is the ease of buying online and simple to understand terms and conditions. This coupled with systematic investments and high allocations is a smart way to invest your money. As it is available in the online platform, we could include innovative features and pass on the benefits to online customers.”

The product can be bought in 4 easy steps from www.bajajallianz.com

1. Fill in personal information such as name, contact details and age
2. Select product details such as premium, frequency of premium payment (monthly/ quarterly/half yearly/annual), policy term and premium paying term. A benefit illustration will be generated mentioning the returns as per IRDA guidelines.
3. Fill up the online proposal form  
4. Make the payment via cheque, credit card or net banking to begin your investment. Bajaj Allianz uses Citibank payment gateway which is secured by Billdesk.

iSecure Online term insurance plans offered by Bajaj Allianz

iSecure Online completes the range of term insurance plans offered by Bajaj Allianz under the iSecure umbrella. The range includes a decreasing cover term plan – iSecure Loan, an increasing cover term plan – iSecure More and a level cover term plan – iSecure available through offline channels.

Bajaj Allianz now offers a complete range of online plans including ULIPs – single premium and regular premium, endowment plans, a retirement solution and now, term plan. Bajaj Allianz Life Insurance is the pioneer in launching an online ULIP in the year 2008, currently known as iGain III, which continues to be one of the best selling online plans of the company.    

 About Bajaj Allianz

Bajaj Allianz is one of the leading non-bank promoted Private Sector life & general insurance companies in India. Bajaj Allianz is a union between Allianz SE, the world’s leading insurer and Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited, one of India’s most respected names). Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55, 00,000 crores). At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Bajaj Allianz began its operations in 2001 and today has a pan-India presence with over with offices and presence in over 1000+ towns in the country. The companies have been constantly expanding its operations to be close to their customers.

 Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles. Currently Bajaj Allianz has a strong product portfolio of over 30 flexible products and caters to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance.