Bajaj Allianz Assignment

 

Birthday Wishes

1. Dear Balician,

Today is YOUR day!

You have always inspired us with your commitment and enthusiasm to pursue beyond what is

Wishing you an incredible day

And an amazing year to achieve all goals that you have set!

Happy Birthday!

2. Overview: give an overview of around 100 words talking about the key highlights of the product

When life is uncertain, and your family is your priority and ensure the needs of your family are provided for always

The Bajaj Allianz iSecure, a level cover term assurance plan to secure and provide for your family’s financial needs.

Key benefits: 

• Advantage of a level term cover at low cost, especially for a larger sum assured 

• Rewards for maintaining a healthy lifestyle, if applicable, with special premium rates for non-smokers and for medically fit non-smoker1*

• Advantage of attractive high sum assured rebate 

Various flexibilities in this plan: 

1. Select your policy term of 10, 15, 20, 25 or 30 years depending on your requirement

2. Alter your premium payment frequency 

3. You could include your spouse later in your existing policy, if you are single at present 

4. Plan to meet the recurring expenses of your loved ones’ by opting for payment of benefits in annual installments

*A Non-smoker who has no abnormalities in his medical examination/tests or family/personal history; has no risky avocation and does not have a risky occupation, as decided by the Company, is classified as a Preferred Non-Smoker.

FAQ’s

I’m single as of now but I am getting married after two months. Is there a possibility to add my spouse later?

• If you are married at policy inception, then the spouse can be included only at the inception of the policy 

• If you were not married at policy inception, you may include your spouse after your marriage in your existing individual policy, subject to applicable terms and conditions 

• In a joint life policy, on annulment of marriage, the company needs to be informed of the annulment and second life will be excluded.

If I am unable to pay the premiums and my policy lapses, how do I revive it again?

If your policy is lapsed due to non-payment of premium, you may revive the policy, subject to the following conditions: 

• The application for revival is made within two years from the due date of the first unpaid premium. 

• The arrears of premiums together with interest, at such rate as the Company may decide from time to time, are paid;

• The policyholder furnishes, at his/her own expense, satisfactory evidence of health of the life assured; 

• The revival of the policy may be on terms different from those applicable to the policy before it lapsed/became paid-up, based on prevailing Board approved underwriting policy of the Company framed from time to time; 

• The revival will take effect only on it being specifically communicated by the Company to the policyholder;

• The Company may at its sole and absolute discretion refuse to revive the policy, based on its Board approved underwriting guidelines.

Is the policy tax-free?

Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and death benefit is eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.