Bajaj Allianz Invest Assure Plan - Review, Features & Benefits

Bajaj Allianz Invest Assure plan is a comprehensive insurance plan. Bajaj Allianz Invest Assure plan is a beneficial insurance plan with various features and benefits.

Policy Highlights

• Traditional participating endowment assurance plan 
• Premiums paid for a specified term but life coverage is given till the end of the policy term
• Bonus earned through by participation in the profits of the insurer
• Two variants of the plan – Gold and Silver available
• Benefits can be received as a monthly instalment instead of lumpsum

Features

• Only resident Indians are eligible for the plan as below 

Key Benefits

• On the death of the insured, the sum assured on maturity plus accumulated bonus paid to the nominee
• The death benefit is payable as below

• Surrender benefit is available if 2 to 3 years of premium has been paid fully, then guarantee surrender value available and paid to insured.
• Discounted premiums are available for higher sum assured in the plan.
• Tax benefit can be availed u/s 80C for premium and for maturity benefits u/s 10(10D) of the Income-Tax Act 1961.
• Loans are available if the plan has a surrender value option along with a post premium payment of 2-3 years, with a maximum loan available up to 90% of the plan surrender value.