Bajaj Allianz Invest Gain Plan

Bajaj Allianz Invest Gain Plan is an Endowment Plan. This is a Non Unit-linked Insurance Traditional Participating Plan.

• This is an Endowment Plan with both Death and Survival Benefits.
• There is a Large Sum Assured Rebate in this policy.
• This plan provides a discount for female policyholders
• There are 4 variants in this plan (Economy, Gold, Diamond, Platinum), where 4 times the basic Sum Assured can be opted as a Life Cover.

• Bajaj Allianz Invest Gain is a Traditionally Limited Pay Endowment Plan.
• This plan provides an option to increase the sum assured up to 50% of the basic sum assured (not subject to underwriting) on marriage, the birth of 1st child or birth of the 2nd child.
• Apart from other riders, the customer can opt for Family Income Benefit rider as it provides 12% of the sum assured on death or disability and all the future premiums are waived off.

• Maturity Benefit:
  At the maturity of the policy, the insured will get the Basic Sum Assured, irrespective of the policy variant chosen along with Accrued Bonus

• Death Benefit:

1. In case of death of the Life Insured, the nominee receives the full Life Coverage + Accrued Bonus.
2. In Bajaj Allianz Invest Gain Economy - Death Benefit = Sum Assured only
3. In Bajaj Allianz Invest Gain Gold - Death Benefit = 2 times Sum Assured
4. In Bajaj Allianz Invest Gain Diamond - Death Benefit = 3 times Sum Assured
5. In Bajaj Allianz Invest Gain Platinum - Death Benefit = 4 times Sum Assured

• Accidental Death Benefit
  This benefit gives your loved ones something to start with after the permanent loss of income by paying an amount equal to the Sum Assured.
• Accidental Permanent Total & Partial Disability
  The customer will get 50% of the Sum Assured in the event of partial disability and 100% in the event of total disability. 
• Critical Illness Benefit
  The rider Sum Assured is paid to the Life Assured on the first diagnosis of any of the specified Critical Illness. There is no death or maturity benefit.
• Hospital Cash Benefit
  This benefit offers a fixed amount benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery
• Family Income Benefit
  In the event of death or accidental total permanent disability of insured, all future premiums are waived off and 1% of the sum assured is paid monthly.
• Waiver of Premium Benefit
  It waives off all future premiums while keeping the valuable life insurance cover alive, thus enabling the customer to live up to their commitments.
• MahilaGain Rider Benefit
  Provides protection against risks specific to women. Risk covered are - Critical Illness, Reconstructive Surgery Benefit for Breast(s) due to breast cancer, Congenital Disability & Complications of Pregnancy Benefits.

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Tax Benefits

Know Claim Process of Bajaj Allianz Invest Gain Plan

Claim Process

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of expertise, stability, and strength. Bajaj Allianz was incorporated in the year March 2001 and started operations in the year August 2001.