Bajaj Allianz Life Invest Protect Goal (116L177V02)
Features
- Lump sum payout
- Growth of savings corpus through market linked returns
- Return of Charges to help boost fund value
- Loyalty additions as a reward for staying invested
- Fund Maintenance Booster to ensure remain protected throughout chosen policy term
- Riders will be available to provide enhanced protection
- Tax benefit as per applicable laws
Eligibility Criteria
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Age at Entry for Life Assured (in years) |
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Minimum |
18 years |
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Maximum |
60 years |
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Age at Maturity (in years) |
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Minimum |
38 years |
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Maximum |
100 years |
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Policy Term (in years) |
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Minimum |
20 years |
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Maximum |
40 years |
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Premium Payment Term (in years) |
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Limited Pay |
5,6,7,8,9,10,11,12 |
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Regular Pay |
Equal to Policy Term |
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Premium Mode |
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Minimum |
PPT(in years) |
Yearly |
Half Yearly |
Quarterly |
Monthly |
Top-Up |
|
5 to 7 |
`48,000 |
`24,000 |
`12,000 |
`4,000 |
`5,000 |
|
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8 and above |
`18,000 |
`9,000 |
`4,500 |
`1,500 |
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Maximum |
All |
No Limit and subject to Board Approved Underwriting Policy (BAUP) |
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Sum Assured |
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Minimum |
7 X Annualised Premium |
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Maximum |
As per Board Approved Underwriting Policy |
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*Top – up Sum Assured = 1.25 X Top-up Premium
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Disclaimer
All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration. The policy document is the conclusive evidence of contract and provides in details all the conditions and exclusions related to Bajaj Allianz Life Invest Protect Goal. Please ask for the same along with the quotation. Insurance is the subject matter of solicitation
“The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”