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Bajaj Allianz Elite Assure plan is a participating, endowment plan providing double benefits of life insurance cover as well as wealth creation.

Review

  • Traditional participating endowment plan with bonus
  • Guaranteed loyalty additions available
  • Premiums paid either for entire duration of the plan under regular premium payment option or for specified term under limited premium payment option

Key Features

Type

Traditional participating endowment insurance plan for individuals

Sum Assured

10 times the annualized premium

Coverage

Death Benefit

Maturity benefit

In the event of untimely death of the insured when the policy is still active, beneficiaries receive death benefit higher of guaranteed maturity benefit or sum assured.

A maturity benefit equal to total of guaranteed maturity benefit, guaranteed additions, vested bonus and interim bonus is paid. Terminal bonus, if any, applicable from first year.

Entry Age

Minimum Age (years)

Maximum Age (years)

0

55

Maturity Age

Minimum Age (years)

Maximum Age (years)

18

70

Premium Tenure (years)

15, 20,25, 30

Frequency of premium Factor of method

Monthly

Quarterly

Half-yearly

Yearly

0.09%

0.26%

0.51%

1.00%

Premium Rebate

In cases where the guaranteed maturity benefit is above Rs 5, 00,000/-, individuals are offered a premium rebate as below.

7

10

15

20

25

30

90

76

67

72

77

81

Lapsed Policy Revival

Within 2 years of first unpaid premium by clearing all dues and before maturity of policy

Grace Period (days)

Yearly, half yearly and quarterly payment

Monthly payment

30

15

Benefits

  • Tax benefits can be availed by insured under Section 80C for premiums paid and Section 10 (10D) for benefits received of Income Tax Act, 1961
  • Loan available under this policy up to 90% of the surrender value  where applicable
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Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

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