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Allianz Bajaj - Lifetime Care Protect
Plan Highlights
| Key Feature |
This is a whole life endowment plan with profits.The Sum Assured and the bonus is payable only to the nominee of the beneficiary upon the death of the policyholder. Apart from covering the risk of natural death, this plan provides in-built additional cover against accidental death and permanent total/partial disability due to an accident.
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| Best Suited For |
Individuals seeking not only insurance protection, but also ensures that your valuable savings grow by way of compounded annual bonuses. |
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| Features |
1)A terminal bonus may be paid on death or survival till age 80 provided premiums have been paid for at least 15 years. You can select the term for which you want to pay the premiums.
2)Provides in-built additional cover against accidental death and permanent total/partial disability due to an accident.
3) Waiver of Premium Benefit
4 )Increase in risk coverage : Option to include additional death coverage of 50% of the Sum Assured on Your marriage, the birth of your first child, & the birth of your second child.
5) The flexibility of excluding and subsequently including the benefit combination of Accidental Death Benefit, Accidental Permanent Total/Partial Disability Benefit, Waiver of Premium Benefit at each policy anniversary. |
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Benifits
| Maturity Benefits |
Full sum assured plus accrued bonus is generally payable only to the nominee only on death of policy holder. |
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| Survival Benefits |
Not Applicable |
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Death Benefits
(Natural) |
Full sum assured plus accrued bonus is paid to nominee. |
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Death Benefits
(Accidentals) |
Double the basic Sum Assured plus Accrued Bonuses is paid to the nominee. |
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| Other Benefits |
Not Applicable |
Policy Features
| Type |
Whole Life Policy |
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| House Loan |
Yes |
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| General Loan |
Yes |
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| Premium Paying options |
Yearly, Half-Yearly, Quarterly, Monthly |
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| Period of Life Insurance |
Whole Life |
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