Bajaj Allianz Life Insurance has launched a traditional money-back
plan – Bajaj Allianz Cash Rich, Retirement plan which gives guaranteed cash back of 5% of the sum assured after completion of
premium payment term. The plan is a
limited premium payment, participating plan that provides cash benefits at
three stages of the policy life cycle.
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
·
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
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