Bajaj Allianz launches two new products
Offerings are designed to enable customers to ‘enjoy responsibilities’
- Super Cash Gain – a smart Money Back plan
- Money Secure – Lowest premium ULIP in the market for the Indian masses
Bajaj Allianz Life Insurance has launched two new products catering to the financial needs of various stages of life. These products are Bajaj Allianz Super Cash Gain and Bajaj Allianz Money Secure.
Super Cash Gain is a traditional money back plan that gives cash back at regular intervals in the form of a periodic income, helping you to enjoy the small pleasures of life. Starting at a monthly premium of Rs. 600, this plan comes with the option to select up to four-times of base sum assured as life cover. Besides this, Bajaj Allianz Super Cash Gain offers the following features –
- Option to convert into a single premium term cover with return of premium provided you have paid at least 5 years premium in full.
- Get 20% of the base sum assured as cash-back at regular intervals, which can be taken as cash or adjusted against your due or future premium.
- Flexibility to pay future premiums in advance and avail discounts.
- Option to keep your policy in-force for full sum assured in case you miss to pay your premiums on due dates, provided you have paid at least 3 year’s premiums in full.
- High sum assured rebate on premium
- Optional riders to enhance your protection.
Money Secure is a regular premium ULIP that provides security to your investment with guaranteed maturity benefits. Starting at an annual premium of Rs. 7,000, Money Secure is the smallest ticket-size ULIP from the stable of Bajaj Allianz. The unique features of this product are:
- Option to select policy term and premium paying term
- Automatic increase in sum assured from 6th policy year
- Maximum Flexibility with:
- Partial withdrawals anytime after five years from the commencement of the policy
- Top-up premium payment over and above regular premiums
- Option to decrease sum assured
- Option to change premium payment term and alter premium payment frequency
- Optional riders to enhance protection
Akshay Mehrotra, Head – Marketing, Bajaj Allianz, said, “Both these insurance plans offer an opportunity for securing a better financial future. Designed to take care of financial needs in various life stages, these two insurance plans offer one of the lowest premiums in the market.”
Also speaking at this occasion, A S Narayanan, Chief Distribution Officer, Bajaj Allianz Life Insurance said “Financial planning is essential for every individual. Both these plans offer masses the capability to save regularly and maximize returns. We believe our strong distribution network will make such products available across the country.”
Both these pans can be bought from any of Bajaj Allianz office, Super agents and distributors spread across the length and breadth of the country across 1000+ towns.