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Allianz Bajaj - Save Care Economy
Plan Highlights
| Key Feature |
An endowment policy for a fixed term where the sum assured plus accumulated bonus is payable on the date of maturity or death of the life assured, if earlier.
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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)In addition to compounded annual bonuses, a terminal bonus may be paid on maturity for in-force policies. In case of death after 15 full policy years also, the company may pay terminal bonus for in-force policies.
2)Option to choose from four types of cover on death; Basic Cover, Double Cover, Triple Cover or Quadruple Cover.
3)Flexibility in coverage : flexibility of reducing the level of Supplementary Death Cover and also excluding and including again the following benefit combination at each policy anniversary (if eligible).Combination: Accidental Death Benefit, Accidental Permanent Total/Partial Disability Benefit, 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. |
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Benifits
| Maturity Benefits |
Full sum assured plus accrued bonus is paid to policyholder.
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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) |
The Accidental Death Benefit sum assured is paid to the nominee. |
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| Other Benefits |
Not Applicable |
Policy Features
| Type |
Endowment 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 |
As long as premium paying term |
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