Income Assure Plan
vs
Retire Smart

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  • Multiple sum assured options
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Income Assure Plan vs Retire Smart

Income Assure Plan

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz 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...

Retire Smart

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity and also protects your funds from market volatility. Along with the life insurance cover, multiple fund options such as equity Pension Fund, Bond Pensi...

PLAN DETAILS

Income Assure Plan


Retire Smart

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid
Plan Uniqueness
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
Plan Maturity age Maximum Maturity Age - 74 years Maximum Maturity Age - 80 years
Premium payment term 5 to 12 years 5/8/10/15 years
Plan Entry Age Minimum Age - 0 years Maximum Age - 50 years Minimum Age - 30 years Maximum Age - 70 years
Sum assured No limit Rs 1 lakh to No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 17 to 24 years 10, 15, 30 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age- 30 year

Know More About Plans

Overview

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz 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 Allianz Life Income Assure, you'll receive a yearly cash bonus at the end of each financial year, if any is declared.

Bajaj Allianz Life Income Assure Plan offers you a range of benefits including:

why-choose
  • 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

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.