Bajaj Allianz Elite Assure

The Eligibility Conditions for This Policy:

1. This is a traditional participating endowment plan, with a regular and limited premium payment, and is an individual policy.
2. The Sum assured should be a minimum of 10 annual premiums. The premium will be decided as per the a calculation of the Guaranteed Maturity Benefit, age, term of policy, frequency of payments of premium, premium payment term.
3. With this plan you get coverage for Death, Maturity, Surrender and even any additional riders if applicable.
4. With the Elite Assure, you have the flexibility to choose your premium paying term.
5. Premium payment frequency can be as per your choice of annually, semi-annually, quarterly, and monthly. This frequency can be changed during the term of the policy.The modal premium frequency is multiplied with the annual premium by the below mentioned factors.Frequency of PremiumMonthlyQuarterlySemi-AnnuallyAnnuallyFactor of Frequency0.09%0.26%0.51%1.00%
6. Policy term can be chosen by you, you have the flexibility of choosing from 15 years, 20 years, 25 years, and 30 years You also have an option to backdate your policy, you can choose to backdate at the time of inception of the policy.
7. Revival of the policy can be done with 2 years of lapsing or has been due for non-payment of premiums this revival has to be done before the maturity of the policy.
8. There are many riders that can be added to this plan, for a nominal extra cost. These are the riders available with Bajaj Allianz Life Elite Assure:
   1. Bajaj Allianz Accidental Death Benefit Rider
   2. Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider
   3. Bajaj Allianz Critical Illness Benefit Rider
   4. Bajaj Allianz Family Income Benefit Rider
   5. Bajaj Allianz Waiver of Premium Benefit Rider
9. This plan has a Free-look period of 15 days from the date of the receipt of the policy and a 30 day period in cases of distance marketing.
10. With this policy you get a grace period 30 days if the premium frequency is made annually, semi-annually, quarterly, and in case of a monthly premium being paid the grace paid is grace period of 15 days.