Bajaj Allianz offers two Term Plans
1. New Risk Care Plan
2. Term Care Plan
New Risk Care Plan
Features
• It is a non-participating traditional Term Assurance plan.
• Higher insurance coverage at Low premium.
• Regular/Single Premium payment options.
• Enhanced Protection options available through Additional Rider Benefits.
• Rebates on premium in-case of high sum assured
Rider Benefits
a. Accidental Death Benefit: It covers you against Accidental Protection.
b. Accidental Permanent Total/Partial Disability Benefit: It covers against Disability protection.
c. Critical Illness Benefit: It covers you against 11 defined critical diseases.
d. Hospital Cash Benefit: It reduces your burden against hospitalization expenses.
Death Benefit: The life insured gets the death benefit of an amount equal to total sum assured
Eligibility
Age at entry: The minimum & maximum age at entry is 18 yrs & 60 yrs respectively.
Maximum Maturity Age: The maturity age is 65 years
Coverage Amount: The minimum & maximum Sum Assured is 4, 00,000 & 50, 00, 00,000 respectively.
Term: The minimum & maximum term is 5 years & 40 years respectively.
Mode of Payment: The plan has Yearly/Half Yearly/Quarterly/Monthly/Single premium paying process
Rebate on High Sum Assured: The life insured gets rebate on Sum Assured of Rs. 10, 00,000 or more.
Term Care Plan
It is a Premium Back Term Plan which offers you life insurance cover at a low cost and also provides for return of premiums on maturity.
This plan has 5 additional Rider benefits
a. Accidental Death Benefit
b. Accidental Permanent Total/Partial Disability Benefit
c. Waiver of Premium Benefit (in case of accidental permanent total disability)
d. Critical Illness Benefit
e. Hospital Cash Benefit
a. Accidental Death Benefit: In the event of an unfortunate death due to accident this rider gives your loved ones something to start with after the permanent loss of your income by paying double the basic Sum Assured
b. Accidental Permanent Total/Partial Disability Benefit: It provides a financial cushion against any such misfortunes.
c. Waiver of Premium Benefit: It gives you the benefit of keeping your insurance cover alive by waiving off future premiums
d. Critical Illness Benefit: This benefit covers you for 11 Critical Illnesses.
e. Hospital Cash Benefit: This Rider cover the life insured for settling hospital bills (room charges) etc.
Eligibility
Age at entry: The minimum & maximum age at entry is 18 yrs & 50 yrs respectively.
Maximum Maturity Age: The maturity age is 65 years
Coverage Amount: The minimum & maximum Sum Assured is 1, 00,000 & 10, 00,000 respectively.
Term: The minimum & maximum term is 5 years & 40 years respectively.
Mode of Payment: The plan has Yearly/Half Yearly/Quarterly/Monthly/Single premium paying process