• Bajaj Allianz Endowment Plans

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    Endowment Plans provide benefits on death and maturity and usually even survival.

    Bajaj Allianz Life Insurance Endowment Plans:

    1. Bajaj Allianz Save Assure:

    Features and Benefits:
    • Death benefit is payable to your dependents in the event of your demise , and is the higher of:
      • 7 or 10 times your annualized premium.
      • 105% of total premiums paid.
      • 115% of sum assured.
    • Maturity benefit is payable on maturity and is equal to 115% of the Sum Assured.
    • Settlement can be taken in the form of equal instalments over 5, or 10 years in a monthly frequency.

    2. Bajaj Allianz Invest Assure:

    Features and Benefits:
    • Death benefit is payable to your dependents in the unfortunate event of your death, and is the higher of:
      • 7 or 10 times your annualized premium.
      • 105% of total premiums paid.
      • 2 times Sum Assured.
        • Plus
      • Vested bonus + terminal bonus.
    • Maturity benefit of your Sum Assured + Vested Bonus + Terminal Bonus is payable on maturity.
    • Tax benefits under Section 80C and Section 10 (10D).

    3. Bajaj Allianz Guarantee Assure:

    Features and Benefits:
    • Death benefit is payable in the unfortunate event of your death, and will be the higher of:
      • 5 times the annualized premium.
      • 105% of all the premiums paid.
      • Sum Assured.
        • Plus
      • Guaranteed additions.
    • Maturity benefit is paid on maturity, and is equal to the Sum Assured + Guaranteed additions.
    • Flexibility to choose policy term.
    • Tax benefits under Section 80C and 10 (10D).

    4. Bajaj Allianz Elite Assure:

    Features and Benefits:
    • Death benefit is payable to your dependents in the event of your death, and will be the higher of:
      • Guaranteed Maturity benefit.
      • Sum Assured.
        • Plus
      • Terminal bonus.
    • Maturity benefit is payable on maturity.
    • Premium rebates are also available.

    5. Bajaj Allianz Young Assure:

    Features and Benefits:
    • Death benefit is payable on your death to your dependents which is equal to the sum assured – 105% of the total premiums paid till death.
    • Maturity benefit will be paid on the plan maturity, and is equal to the sum of Guaranteed Maturity Benefit, Guaranteed additions, vested bonus and interim bonus.
    • Accidental Permanent Total Disability Benefit will be paid in the event of accidental permanent total disability of life insured. The policy will continue to accrue any guaranteed additions and vested bonus.

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

    Bajaj Allianz Endowment Plans Reviews

  • Page 1 of 1
    • review Life Insurance
      "Very good services"
      0.5 4.0/5 "Great!"
      Its more or less the same type of policy like LIC life insurance. This policy with Bajaj allianz is also money back where monthly I would pay 14,000 by visiting the branch. I get intimated through SMS alerts and also receive receipt for the payment.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 25, 2014
    • review Life Insurance
      "Okay service"
      0.5 3.5/5 "Pretty good"
      I am okay not very sure about the life insurance premium which having with Bajaj Allianz. Not having any idea about the policy. I am usually making online payment and its an yearly premium. No suggestions as I dont have much experience with them
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 12, 2014
    • review Life Insurance
      "Expected more"
      0.5 1.0/5 "Really Bad"
      It was really disappointing to have an insurance with Bajaj alliance. I am paying 1 Lakh every year for upto the tenure of 15 years. They came and encouraged me that there are many benefits. Actually I had to submit for the tax purpose therefore I have taken the insurance. Customer service really needs improvement and I didn't get any additional benefits as promoted.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 01, 2014
    • review Life Insurance
      "Awesome return on investment plan "
      0.5 5.0/5 "Blown Away!"
      Best return with 2 times life cover of sum assured. All these with small investment terms like 5 years 7 years etc. Best investment policy available with life cover is investment assure. It also allows 90% loan of the sum assured without policy break.
      Was this review helpful? 0
      ,
      Reviewed on Jul 23, 2014
    • review Life Insurance
      "Fantastic service"
      0.5 5.0/5 "Blown Away!"
      Five years ago I have started a life insurance policy with Bajaj Alliance. Best part is I am an employee of Bajaj Alliance and I like everything about them. Customer service is excellent and very prompt. Our system is pretty much fast and we are the best compared to any other insurance. Returns on maturity is good and the processing fee is also fine.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jul 21, 2014
    • review Life Insurance
      "Feedback is good "
      0.5 4.0/5 "Great!"
      Bajaj Life insurance feedback is good and I want to claim insurance actually I had an operation and when I tried to claim it was quite good I called my HR how to process how to claim he gave me a number I just talk to them how to process the same and I filled a form and submitted it within 15-20 days the claim was completed, 85% of the amount was reimbursed
      Was this review helpful? 0
      , pune
      Reviewed on Jul 18, 2014
    • review Life Insurance
      "Needs proper explanation"
      0.5 3.0/5 "Satisfactory"
      Its ok I am not really satisfied with Bajaj alliance as the agent did not explain to me clearly and I was not happy with the way things was explained to me and the policy is a combination 60% is subject to market risk and 40% is stable and its been 3 years now since I am holding that and the total term is 20 years
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 12, 2014
    • review Life Insurance
      "Its good well!"
      0.5 5.0/5 "Blown Away!"
      Its good well! Bajaj Allianze insurance is good they have some plans and the customer satisfaction is there and when the premium is getting renewed they call us and inform us about the same and they keep sending documents for that and they make calls to remind us about the bill payment and they are very good and its an insurance for 20 years
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 11, 2014
    • review Life Insurance
      "Disappointing Service"
      0.5 2.0/5 "Expected more"
      I applied for a Life insurance with Bajaj Allianz the initial the processing and the documentation was very simple and when i required for any issue when i call up the customer service executive i don't get the proper response that need to be resolved and the whole process got completed in one month.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2014
    • review Life Insurance
      "LIFE INSURANCE EXPERIENCE"
      0.5 2.0/5 "Expected more"
      Agents were giving wrong promises. I had taken two policies, and regularly paid for three years. After 3 years, when I see the value of the fund, it was only 60% of what I had paid. Where as my friend had taken a ICICI prudential life insurance, it was more than 100% for his payment. When I went for closing the policy, I found there are lot of people over there for doing the same. But the agent called me inside, and asked to me to switch over to other product to avoid closure charges. Then I switched over to normal product, that will give only minimun guarantee. I also shifted my other policy to some other product just to avoid closure charges. I am really not happy with these products.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 30, 2014
    • review Life Insurance
      "Bajaj Allianz -- go securred with us . "
      0.5 5.0/5 "Blown Away!"
      Bajaj insurance is doing really well their staff have a sound knowledge about the product and I have no suggestions for them its provides a cover of 5lakhs with a yearly premium I am really happy to be with them and their overall service is good
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 17, 2014
    • review Life Insurance
      "worst after sales service"
      0.5 2.0/5 "Expected more"
      they never send payment recipt done by ecs to registered mail id.As i chang my company i was not able to pay the premuim for 6 month .when i went to garia branch to enquire about the due amount the person concern was busy in gossip with her collegue and i had to wait for almost 1hr to get the details and i have also given a request to update my new bank account details in Feb 2014 which is yet to be updated. I will never recemd any one Bajaj alliaz insurance
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 02, 2014
    • review Life Insurance
      "Retirement Scheme"
      0.5 5.0/5 "Blown Away!"
      This was very much satsified with the support for guiding by the Service providers for the Retirement Scheme .And the way they explain the Scheme and make us fully satsified with the Policies .I am now investing around 5000/- every month The Customer care was very polite and supportive,Regular Follow up was fine .and the delivery of policy certificate was as excepeted.I will surely apply for any other INSURANCE POLICIES through BANKBAZAR only
      Was this review helpful? 2
      , chennai
      Reviewed on Jun 02, 2014
    • review Life Insurance
      "good cover"
      0.5 4.0/5 "Great!"
      They have given me a coverage of 4 lakhs for accidental and 2lakhs for med-claim for about 1 year, they provide good service to the customer , this coverage is meant for me at the moment , if I am married it will cover me and my family as well and so far so good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 23, 2014
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