Bajaj Allianz Life launches 'Super Saver'

Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Endowment plans have always been the good option as a regular and safe investments tool for the rural areas. Bajaj Allianz Life Insurance introduces Super Saver a regular premium endowment plan especially designed to suit rural & farmer's needs, which gives not only vesting bonuses but also guaranteed Addition of 4% of Sum Assured each year.

 

This product targeted at the rural population & farmers provides guaranteed benefits to policyholders. It also comes with extra protection with an in-built Accidental Death benefit, which provides extra cover apart from life insurance.

 

Speaking on the launch of this product Kamesh Goyal, Country Manager Allianz & CEO Bajaj Allianz Life Insurance commented "Rural population and farmers will now not only get secure savings on maturity but also additional gains in the form of Additional Guaranteed Units and Vesting bonuses. It also has a unique feature of life cover remaining in-force even if one is unable to pay premiums for 2 yrs particularly suited for rural areas and farmers with income seasonality and swings."

 

Key Benefits

§         Extra Protection with in-built Accidental Death Benefit and the option to take additional protection with Family Income Benefit

• Guaranteed Additions of amount equal to 4% of Sum Assured at the end of each policy year, provided all premiums till date have been paid
• Policy shall remain in-force for the full sum assured for 2 successive years, even if you forget to pay your premiums on due date.

Benefits for a Male at age 30 years

 

Sum Assured	Policy Term	Premium Payment	Guaranteed Maturity Benefit	Maturity Benefit
				@ 1.25%	@ 3.25
Rs. 100,000	20 years	Rs. 7, 478	Rs. 180,000	Rs. 208,204	Rs. 269,584

 

 

 

 

 

 

 

Sourced From: Corporate Voice|Weber Shandwick