• Bajaj Allianz Young Assure Plus Plan

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    We always want the best for our children. While working hard to achieve their goals is their responsibility, being financially sound is ours. Do not regret later for not saving enough for your children’s financial needs. Go ahead and know more about Bajaj Allianz Young Assure Plus Plan. Bajaj Allianz Life Insurance understands every parent’s need to be able to provide financial assistance to their children’s needs. The non-banking financial firm has introduced a new scheme called the Bajaj Allianz Young Assure Plus which helps you meet all your children’s expenses. Whether you need financial aid for your children's education or marriage, this Child Insurance policy will help you out. This traditional participating regular premium payment plan focuses on keeping you funded during financial crisis like child’s education or marriage.

    Type of plan Participating regular and limited premium payment endowment plan.

    Eligibility Conditions for Bajaj Allianz Young Assure Plus:

    Minimum Entry Age 18 years
    Maximum Entry Age 50 years
    Minimum maturity Age 28 years
    Maximum Maturity Age 55 years

    Policy Terms for Bajaj Allianz Young Assure Plus:

    Sum assured 10 times the annualized premium.
    Premium payable As per the Guaranteed Maturity Benefit, tenure of the policy, age, and payment frequency chosen by the policyholder.
    Minimum guaranteed maturity Rs.1,00,000
    Maximum guaranteed maturity No limit
    Policy and premium paying term available in years  
    Policy term Premium paying term
    10 5,7
    15 12,15
    20 12,15 and 20
    Payment frequency
    • Annually
    • Half-yearly
    • Quarterly
    • Monthly
    Grace period 30 days for yearly, half-yearly and quarterly premium payment frequencies and 15 days for monthly mode.
    Policy loan option Available
    Option to change premium payment frequency Available
    Revival period Available within 2 years from the due date of first unpaid premium if all outstanding dues are paid with interest and other conditions are met.
    Free look period 15 days (30 days for policies bought through distance marketing).
    Special rates for women policyholders Available
    Maturity benefit Available
    Death benefit Available
    Surrender benefit Available

    Please note: An annualized premium is the amount excluding extra premium, service tax, cess, rider premium, and other such charges.

    What you should know about Bajaj Allianz Young Assure Plus:

    • This traditional participating regular premium payment plan.
    • Policyholder can choose the premium payment period.
    • Policyholder can choose additional Rider Benefit.

    Advantages and Benefits of Bajaj Allianz Young Assure Plus:

    The features and benefits of Bajaj Allianz Young Assure Plus are as follows:

    Maturity Benefit:

    GMB or Guaranteed Maturity Benefit can be availed as per one of the three cash installment options chosen by the Bajaj Allianz Young Assure Plus policyholder. The Guaranteed Maturity Benefit will be discussed and chosen before the commencement of the policy. The customer can request to alter this during the free look up period.

    Death Benefit:

    Death benefit is available to an insured person under this plan if all premiums due are paid. In case of unfortunate death, the sum assured will be paid immediately and the policy will be marked as fully paid-up policy. Once the policy is marked as fully paid-up, the nominees will receive all the benefits like maturity benefits, lump-sum benefits and other perks that are available for a regular paid-up policy account.

    Accidental Permanent Total Disability Benefit:

    In case of accidental permanent total disability during the policy term, the policy of the insured is converted to a fully-paid policy if all the dues are paid. The converted policy will continue to receive all the upcoming GA, Terminal bonus and other benefits, if any.

    Additional Rider Benefit:

    Policyholder has an option to choose an additional rider plan at a nominal cost. This is a voluntary decision that a policyholder has to make. The available rider benefits offered with Bajaj Allianz Young Assure Plus are as follows:

    • Bajaj Allianz Accidental Death Benefit Rider
    • Bajaj Allianz Waiver of Premium Benefit Rider
    • Bajaj Allianz Accidental Permanent Total or Partial Disability Benefit Rider
    • Bajaj Allianz Family Income Benefit Rider
    • Bajaj Allianz Critical Illness Benefit Rider

    Premium Rebate option:

    If the insured has chosen GMB greater than Rs.1,00,000, Bajaj Allianz Young Assure Plus plan offers a premium rebate option. The rebates are available for each completed GMB of Rs.10,000 and above or above the minimum GMB of Rs.1,00,000. It is calculated using the below table.

    Policy term in years 10 15 20
    Premium payment term in years  
    5 7
     
    12 15
     
    12 15 20
    Rebate in Rupees  
    48 37
     
    39 36
     
    46 42 39

    Tax benefit:

    Premiums paid towards Bajaj Allianz Young Assure Plus is tax exempted under section 80C of the income Tax Act. Maturity benefit, surrender benefit and death benefit are also eligible for tax benefits.

    Policy loan option:

    Once the policy has accrued the surrender value, you can avail a loan. You can avail up to 90% of the surrender value. If you are facing a financial crisis, you can always avail a loan on your Bajaj Allianz Young Assure Plus Policy.

    Lump-sum Maturity Benefit:

    On the maturity date, the policyholder will have an option to take the maturity benefit as lump-sum by submitting a written request for the same 3 months before the maturity date.

    How does Bajaj Allianz Young Assure Plus work?

    • Firstly, a policyholder should choose the policy term.
    • Policyholder will then be asked to choose the premium paying term.
    • Policyholder will be asked to select the premium payment frequency.
    • Policyholder should also set the Guaranteed Maturity Benefit before the commencement of the policy.
    • Choose your cash installment option.
    • Pay your dues on time.
    • Enjoy the policy benefits.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Bajaj Allianz Young Assure Plus Plan Reviews

  • Page 1 of 17 1 2 3 4 5
    • Bajaj Allianz Life Life Insurance
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have a Bajaj Allianz life insurance from more than 10 years and it is a long term policy. There are not much branches of Bajaj. I am happy with the coverage and returns of this insurance policy. I pay my premium once in a year and i am convenient with the payment options. I have taken this policy mainly for tax savings.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The main issue with the Life Insurance policy from Bajaj is that I've been receiving n number of fake calls. I never had any issues pertaining to this policy. I pay the premium either via check or online. Overall Their service is not as good as I expected.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD POLICY"
      0.5 5.0/5 "Blown Away!"
      I took this policy mainly because of the good returns, its long tenure process , the payment can be done through easy monthly ecs . The best about the policy is claim rate is high compared to other policy available in the market. There customer service and customer response is good .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 30, 2018
    • Bajaj Allianz Life Life Insurance
      "Life insurance with BAJAJ"
      0.5 4.0/5 "Great!"
      I have taken a life insurance from BAJAJ ALLIANZ and the policy premium is 30000 annually. This is an investment come insurance policy so i will get some interest from mutual funds. We have to pay the premium for 5 years. The customer service and response with the card is fine.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have four policy's with Bajaj Allianz Life Insurance service. Tenure period is good with Bajaj Allianz Life Insurance service. The payments options are through online. It was an good experience with Bajaj Allianz Life Insurance service.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 25, 2018
    • Bajaj Allianz Life Life Insurance
      "Worst company to buy insurance from"
      0.5 1.0/5 "Really Bad"
      I had bought Super Saver policy which is Super Loser policy. Instead of giving returns, it actually eats up all your money. Agents mislead you that the policy can be withdrawn at early stage of 3 or 5 years. But actual term is 15 years or so. Absolutely rubbish plan. Customer support is pathetic an unhelpful. No knowledge about the product as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 31, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I hold a my life insurance with Bajaj Allianz from last 15 years and it is a long term policy. The tenure of this policy is 10 years. I have to pay a premium for 4-5 years and for remaining years the company will pay. It is an average policy, i am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Allianz Life Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 7-8 years and it is a term insurance. The tenure of this life insurance policy is 20 years. I pay my premium on monthly basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "better experience"
      0.5 4.0/5 "Great!"
      I had applied and got a life insurance policy from the famous private sector insurance company BAJAJ ALLIANZ LIFE INSURANCE. Most of all benefits are covered under one policy. I feel that there are no benefits to renew my health policy so I withdrawn my health policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Better "
      0.5 3.0/5 "Satisfactory"
      I have taken the life insurance policy with the Bajaj allianz life insurance company. The premium amount is nominal one for me and the coverage value is reasonable one for me with them. Every aspects are better one with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Very Good Investment"
      0.5 4.0/5 "Great!"
      This is absolutely a delight to have this Insurance. I took it last November. Their return is around 9.5%. I have been paying Rs.50000 as an annual premium for it. I just need to pay for 6 years and after that it has a 6 years locking period after which I can take out a good return out of it.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Bajaj Life insurance service is good. I have taken one policy with Bajaj for the period of 15 years. The payments are generally through online and the new schemes and offers they provide is good,it is totally a good experience with Bajaj Life insurance service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 3.5/5 "Pretty good"
      I have a life insurance policy with Bajaj Allianz from last 5 years and it is a short term policy. This policy has a tenure period of 2 years and my premium amount gets auto deducted from the salary account. I am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Okay"
      0.5 2.5/5 "Just OK"
      I am having the life insurance policy with the Bajaj allianz life insurance company. I would like to say that the customer service is good one and the coverage value too. Every aspects are not yet experienced with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 26, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy"
      0.5 4.5/5 "Excellent!"
      Recently I took a life insurance with Bajaj Allianz. It was taken through an agent. The representative was very kind and helpful. It is good and secured policy. I paid 25K yearly for this insurance. I made the payment through cheque. The total tenure period is 7 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 08, 2018
    • Bajaj Allianz Life Life Insurance
      "Good Products"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv issued insurance for the loan products, its a life insurance cum accidental cover from Bajaj Allianz company. They have taken one time premium around Rs. 3100 for the tenure of six years. They are providing critical illness, accidental care as well. I got the policy copy on time, I am satisfied about it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with Bajaj Insurance from last 5 years and it is one of the good insurance policy to use. The tenure of this life insurance policy is 15 years and it is long term policy. I pay my premium on monthly basis and the payment options are convenient for me. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 01, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Bajaj allianz general insurance company. Services are good one with them , response and other aspects are better one for me with them. I would like to say that the coverage value is around 10 lakh Rupees.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 24, 2018
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