Retirement plan - A plan offers the flexibility

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