Bajaj Allianz Best Guaranteed Return Plan – Check Eligibility and Other Details

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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.

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Why Buy Guaranteed Return Investment Plans from Bajaj Allianz?

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:

1. Guaranteed Income with High Returns:

Unlike other life insurance companies, Bajaj Allianz offers higher returns on money invested in guaranteed income plans.

2. Competitive Pricing:

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.

3. Customized Insurance Solutions:

You can easily choose between two variants offered by Bajaj Allianz for customized insurance such as Income Benefit and Lumpsum Benefit

4. Loan Facility:

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.

5. Several Benefits:

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.

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Bajaj Allianz Best Guaranteed Return Investment Plans 

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:

1. Bajaj Allianz Save Assure Plan: 

It is a traditional non-participating endowment assurance policy with a lot of features and benefits

 Some features are:

  • Premium is to be paid for a limited tenure
  • Maturity or Death benefit includes 115% of the sum assured
  • Loan facility for up to 90% of the surrender value
  • Allows to change the premium payment frequency anytime
  • Tax benefits under the Section 80C of the Income Tax Act

 2. Bajaj Allianz Elite Assure Plan: 

It is a participating endowment plan with the flexibility to pay the premium for a limited period or regularly.

 Some features are:

  • Offers five additional riders such as critical illness rider, waiver of premium benefit rider, death benefit rider, disability benefit rider, and family income benefit rider
  • Allows you to change the premium payment frequency anytime
  • Discount on premium payment for higher maturity benefits of Rs. 5 lakhs and more
  • Tax benefit under the Section 80 C of the Income Tax Act

 3. Bajaj Allianz Guarantee Assure Plan: 

It is a non-participating endowment assurance plan from the house of Bajaj Allianz.

 Some features are:

  • Limited 5 years tenure for premium payment
  • Maturity benefit that includes the sum assured and the accrued guaranteed returns
  • Loan facility for up to 90% of the surrender value
  • Every year the guaranteed additions are added as a percentage of the fixed sum assured chosen for a specific policy tenure
  • Special discount on premiums for females and for higher sum assured amounts over Rs. 1 lakh
  • Tax benefits under Section 80C of the Income Tax Act

 4. Bajaj Allianz Invest Assure Plan: 

It is a participating endowment assurance policy with a loan facility.

 Some features are:

  • Available in two variants: Gold and Silver
  • Loan facility up to 9-% of the surrender value
  • Maturity benefit includes the sum assured along with the vested bonus, terminal bonus, and interim bonus
  • Discount in premium payments for a higher sum assured of Rs. 1 lakh and more
  • Tax benefits under the Section 80C of the Income Tax Act

 5. Bajaj Allianz Cash Assure Plan: 

It is a participating money-back policy that offers guaranteed returns at regular intervals.

 Some features are:

  • Maturity benefit includes 40% of the sum assured, a bonus, and a terminal bonus
  • Survival benefit is paid between 15% – 30% of the sum assured for the policy tenure chosen
  • Offers rider benefits such as death benefits, critical illness benefits, disability benefits, family income benefits, and waiver of premium benefit
  • Tax benefit under Section 80C of the Income Tax Act

Eligibility to Buy Bajaj Allianz Best Guaranteed Return Plans

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

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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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FAQs: Bajaj Allianz Best Guaranteed Return Plan

Is it worth it to buy a Bajaj Allianz policy?

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.

What is the ranking of Bajaj Allianz Life Insurance Company?

Bajaj Allianz Life Insurance is ranked at the 3rd position amongst the top insurance companies of India, as per the Nielson Survey.

What is the claim settlement ratio of Bajaj Allianz Life Insurance?

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.

How long does it take for the Bajaj Allianz Life Insurance claim to settle?

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.

Which are the top 5 best-guaranteed return income plans?

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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Jun 30, 2023
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PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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