Bajaj Allianz Cash Gain Plan
Bajaj Allianz Cash Gain Plan is a Money Back Plan. This is a non unit-linked insurance traditional plan where the money is paid as pre-decided intervals.
Tax Benefit
Large Sum Assured
Death Benefit
Compare this plan with other Investment Plans
Show Returns
Key Features
This is a simple money back plan with both Death and Survival Benefits
There are 4 variants of this plan
- Bajaj Allianz CashGain Economy: The basic package with Death Benefit = Sum Assured only
- Bajaj Allianz CashGain Gold: With double protection with Death Benefit = 2 times Sum Assured
- Bajaj Allianz CashGain Diamond: With triple protection with Death Benefit = 3 times Sum Assured
- Bajaj Allianz CashGain Platinum: With quadruple protection with Death Benefit = 4 times Sum Assured
Survival Benefit is paid every 1/5th of the policy term
Optional higher cover through Riders
There is Large Sum Assured Rebate in this policy
There is an option to increase coverage upto 50% of the basic Sum Assured on each of the following happy moments in your life like marriage and child birth
This plan provides a discount for female policyholders
Benefits
Death Benefit
n case of death of the Life Insured, the nominee receives the full Sum Assured irrespective of what payment has already been provided + accrued Bonus
Survival Benefit
The Life Insured would receive The following Survival Benefit
1 st Instalment- 10% of SA
2 nd Instalment- 15% of SA
3 rd Instalment- 25% of SA
4 th Instalment- 25% of SA
Maturity Benefit- 50% of SA + Accrued Bonus
Policy Tenure
Survival Benefit Due
15 Years Policy
20 Years Policy
25 Years Policy
30 Years Policy
Maturity Benefit
At the maturity of the policy, the insured will get 50% of the Sum Assured along with accrued Bonus
Income Tax Benefit
Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)
There are 4 additional riders in this plan
- Comprehensive Accident Protection:
- Accidental Death Benefit
- Accidental Permanent Total/ Partial Disability Benefit.
- Premium Waiver Benefit
How it works
In this policy, if the Life Insured survives then he would receive return every 1/5 th of the policy term. The first instalment is 10% of the Sum Assured, Second instalment is 10% of the Sum Assured, Third instalment is 10% of the Sum Assured, Fourth instalment is 10% of the Sum Assured and 50% of the Sum Assured is paid on maturity along with accrued Bonuses. Total 125% of the Sum Assured is paid throughout.
However, if the Life Insured dies within the policy tenure, then the nominee would receive the full Sum Assured irrespective of how much has already been paid out before and Bonus being calculated on the full Sum Assured and the policy terminates.
