Bajaj Income Assure Plan

Overview

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.

Key Benefits of Bajaj Life Income Assure Plan

• Choice of 2 life cover variants
• Flexibility to choose premium payment term
• Special premium rates for women
• High sum assured rebate
• Choice of rider options

How to Buy Bajaj Life Income Assure Plan

Buying from PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Buying from Bajaj Life Insurance Website

1. Visit the official website of Bajaj Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'Bajaj Life Income Assure Plan'.
4. Click on 'Buy Now' and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Benefits of the Bajaj Life Income Assure Plan

There are various benefits to buying the Bajaj Life Income Assure Plan. Let’s understand each of them in detail:

• Death Benefit: Upon the policyholder's untimely death during the policy term, the death benefit amount will be paid out to the nominee.
• Maturity Benefit: Once the policy matures at the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you.
• Survival Benefit: If you outlive the premium payment term, the Guaranteed Monthly Income (GMI) will be paid for 144 months from the end of the Premium Payment Term (PPT) till the end of the Policy Term (PT).
• Surrender Benefit: If you don't need to continue your policy, you can surrender anytime during the policy and receive a surrender benefit. Your policy obtains a surrender value once you've paid the full premiums for the first two years.

Additional Features

• 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.

Exclusions

• 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.

Documents Required

Here is the list of documents required to buy the Bajaj Life Income Assure Plan:

• 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).

Plan at a Glance

In a Nutshell

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.