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Bajaj Investment Plans
Bajaj Life Income Assure is a participating savings plan offering guar ...Read More
A quick read on what this Bajaj Investment Plans term plan covers and why it might be a fit for you.
Bajaj Life Income Assure Plan by Bajaj Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease.
Under this plan, you'll even get a high sum assured rebate on an annual premium for each complete additional Rs. 1,000 sum assured purchased. With Bajaj Life Income Assure, you'll receive a yearly cash bonus at the end of each financial year, if any is declared.
Bajaj Life Income Assure Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bajaj Life Income Assure Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Bajaj Life Income Assure. He visited PolicyX.com.
Let's understand how the Bajaj Life Income Assure Plan works for him with a premium illustration table.
| Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| Rs. 31,788 | 24 years | 12 years | Rs 4,32,000 |
Key Takeaways: At the end of the policy tenure, the maturity benefits of Rs 4,32,000 are paid to the policyholder.
There are various benefits to buying the Bajaj Life Income Assure Plan. Let’s understand each of them in detail:
Key features that make Income Assure stand out.
Choice of premium payment tenure
The plan offers flexibility to choose a premium payment term for 5, 7, 10 or 12 years (PPT) and enjoy a life cover for 17, 19, 22, or 24 years.
Enhanced rider options
The plan has 5 optional add-on riders, allowing you to enhance base cover and get additional protection.
Policy bonus
Grow your savings with a yearly cash bonus at the end of each financial year, if any is declared.
High sum assured rebates
Get a special premium discount if you opt for a high sum assured amount.
Keep these documents handy when applying for Income Assure.
Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Bank statement, last three months' salary slips (if salaried).
You can buy the Bajaj Life Income Assure Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Bajaj Life Income Assure Plan:
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
Here are the key features of the Income Assure.
| What’s Good Here | What’s Missing |
| Choice of Payout Options | Premium Offset |
| Guaranteed Monthly Income | Guaranteed Additions |
| Survival Benefit | Whole Life Cover |
| Additional Bonuses | Large Premium Boost Discounts |
Bajaj Life Income Assure is a participating savings plan offering guaranteed regular monthly income and assured life cover. It provides a choice of 2 life cover variants: Income & Assure. If you still need any information regarding this plan, contact our insurance experts anytime for free advice at PolicyX.com.
The 5 most-asked questions about Income Assure, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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