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Wednesday, February 23, 2011

BAJAJ ALLIANZ CHILD GAIN POLICY

About Policy :
Bajaj Allianz Insurance Company Limited introduced the new policy that is related to your children’s life. That is Child Gain Insurance Plan. Your invested money is safe in this policy because your policy amount 50% will be invest in Government sectors projects.

Insurance Key Futures :
Limited Premium Payment Term with means that premiums are payable till the child attains 18 years age.
Minimum guaranteed benefits payable on the child attaining specific ages after the premium payment term.
Contributions grow by the way of compounded annual bonuses, which will be paid with the first guaranteed payout.
Choice of 4 distinct and unique options.
Inbuilt additional benefits like Premium Waiver Benefit, Family Income Benefit.
Option to the Child to purchase further insurance at Maturity.
Choice of a unique start of life benefit in case of death of policy holder.

Product Packages :
Bajaj Allianz Child Gain = 21.
Bajaj Allianz Child Gain = 24.
Bajaj Allianz Child Gain = 21+.
Bajaj Allianz Child Gain = 24+.

A Life Cover :
Bajaj Allianz Child Gain 21 and Child Gain 21+ guaranteed percentage of sum assured returns details are below.
At age 18, Vested Bonus + 20% of Sum Assured.
At age 19, 25% of Sum Assured.
At age 20, 25% of Sum Assured.
At age 21, 35% of Sum Assured.
Total is 105% of Sum Assured

Bajaj Allianz Child Gain 24 and Child Gain 24+ guaranteed percentage of sum assured returns details are below.
At age 18, Vested Bonus + 25% of Sum Assured.
At age 20, 25% of Sum Assured.
At age 22, 25% of Sum Assured.
At age 24, 40% of Sum Assured.
Total is 115% of Sum Assured

But increase in the survival benefit depending upon the higher interest rate during the survival instalments.

General Conditions & Information :
Minimum age of the policy holder is 20 years and maximum age of the policy holder is 50 years, minimum age of child is 0 years and maximum age of child is 13 years, minimum premium payment term is 5 years and maximum premium payment terms are 18 years. Maximum age of child at maturity is 21 years for child gain 21 & child gain 21 plus, 24 years for child gain 24 and child gain 24 plus policies.
Minimum sum assured is Rs.1,00,000/- and maximum sum assured is Rs.50,00,000, Minimum Premium is Rs.5000 for yearly, Rs.3000 for half yearly, Rs.3000 for quarterly, and Rs.700 for Monthly.

Child gain main benefit premium is Rs.10220,
Premium Waiver Benefit premium is Rs.331.
Family Income Benefit premium is Rs.207.
High Sum Assured Rebate is Rs.0
Total Premium Rs.10758/- excluding service Tax and Edu. Cess.

Income Tax benefits as per income tax rules and regulations.
And you have 15 days fee look period also.

If you want to purchase this policy please contact your nearest Bajaj Allianz Life Insurance Branch or contact me on : +91-98860-43598.

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