Best Money Back Policy 2023 – Check Feature, Benefits and Eligibility for Money Back Policy
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Planning to invest money for guaranteed returns? Then, consider investing in Guaranteed Income Plansfrom India’s well-known life insurance company, Bajaj Allianz. It is a joint venture between Bajaj Finserv Ltd. and Allianz SE. The company offers a host of investment plans, and those who are eyeing for guaranteed returns must invest in the best-guaranteed return plansfrom the company for a financially secured future.
A guaranteed return investment plan is an investment plan that comes with a fixed rate of return. Buying it from a well-established company like Bajaj Allianz means reaping several benefits and increasing your income with no risk at all. Read on to learn about the best-guaranteed return insurance plan from Bajaj Allianz, its features, and eligibility.
There are several life insurance companies offering guaranteed return investments,then why should you consider Bajaj Allianz and not other companies? Well, here are the top reasons to invest in a Bajaj Allianz Guaranteed Return Investment Plan:
Unlike other life insurance companies, Bajaj Allianz offers higher returns on money invested in guaranteed income plans.
A big plus point for choosing a Bajaj Allianz Guaranteed return income plan is that it comes at a very affordable price. Being cheaper than others doesn’t deprive you of the best benefits.
You can easily choose between two variants offered by Bajaj Allianz for customized insurance such as Income Benefit and Lumpsum Benefit
With a Bajaj Allianz Guarantee Return Policy, a policyholder can also avail loan facility in a cumulative way for up to 70% of the surrender benefit available.
Apart from the above-mentioned benefits, buying a guaranteed return investment plan from Bajaj Allianz means fetching several interesting benefits such as death benefit, survival benefit, and maturity benefit.
Bajaj Allianz Life Insurance Company offers a wide array of guaranteed return plans to customers with varying requirements. Here are the best 5 guaranteed return income plans from the company:
It is a traditional non-participating endowment assurance policy with a lot of features and benefits
Some features are:
It is a participating endowment plan with the flexibility to pay the premium for a limited period or regularly.
Some features are:
It is a non-participating endowment assurance plan from the house of Bajaj Allianz.
Some features are:
It is a participating endowment assurance policy with a loan facility.
Some features are:
It is a participating money-back policy that offers guaranteed returns at regular intervals.
Some features are:
The table below shows all the eligibility criteria to buy a Bajaj Allianz Guaranteed Return Plan in 2023:
Plan Name |
Entry Age | Maturity Age | Policy Tenure | Sum Assured |
Premium Payment Frequency |
Bajaj Allianz Save Assure Plan |
Minimum: 1 year Maximum: 60 years |
Minimum: 18 years
Maximum: 75 years |
15/ 17 years | Minimum: Rs. 1 Lakh
Maximum: Unlimited |
Monthly/ Quarterly/ Half-yearly/ Yearly |
Bajaj Allianz Elite Assure |
Minimum: 0 years Maximum: 55 years |
Minimum: 18 years
Maximum: 70 years |
15/ 30 years | 10 times the annual premium |
Monthly/ Quarterly/ Half-yearly/ Yearly |
Bajaj Allianz Guarantee Assure Plan |
Minimum: 9 years Maximum: 60 years |
Minimum: 18 years
Maximum: 69 years |
7/ 8/ 9 years | Minimum: Rs. 1 Lakh
Maximum: Unlimited |
Monthly/ Quarterly/ Half-yearly/ Yearly |
Bajaj Allianz Invest Assure |
Minimum: 0 years (Silver); 50 years (Gold) Maximum: 50 years |
Minimum: 18 years
Maximum: 70 years (Silver); 65 years (Gold) |
Silver – 17 years
Gold – 15 years |
Minimum: Rs. 1 Lakh
Maximum: Unlimited |
Monthly/ Quarterly/ Half-yearly/ Yearly |
Bajaj Allianz Cash Assure Plan |
Minimum: 0 years Maximum: 54 years |
Minimum: 18 years
Maximum: 70 years |
16/ 20/ 24/ 28 years | Minimum: Rs. 1 Lakh
Maximum: Unlimited |
Monthly/ Quarterly/ Half-yearly/ Yearly |
Conclusion
When buying a Guaranteed Income Planfrom Bajaj Allianz, make sure to go through the plan features, details, eligibility criteria, interest rates, policy tenure, and benefits along with terms and conditions for a guided decision.
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Bajaj Allianz Life Insurance is a renowned insurance company that offers the best policies at very affordable premium rates and high returns. It is worth it to buy a policy from Bajaj Allianz because of its high claim settlement ratio.
Bajaj Allianz Life Insurance is ranked at the 3rd position amongst the top insurance companies of India, as per the Nielson Survey.
The claim settlement ratio of Bajaj Allianz Life Insurance was 99.82% for the financial year 2021-22. This is an excellent CSR that makes it the number one choice for several potential life insurance policy owners.
Bajaj Allianz, generally takes anywhere between 2 to 6 weeks to settle claims for terminal illness or death cases, whereas, it may take from 3 to 6 months to settle partial disability and disability claims.
Here is the list of the best 5 guaranteed return income plans for 2023:
~ Max Life Guaranteed Income Plan
~ Bajaj Allianz Save Assure Plan
~ ICICI Prudential Cash Advantage Plan
~ SBI Life Smart Money Back Gold Plan
~ LIC New Jeevan Anand Plan
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