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Bajaj Allianz Life Insurance has received approvals for its individual and group insurance plans under the new product guidelines. The company plans to launch two individual life insurance plans, Save Assure and Invest Assure with a guarantee element and one whole life plan, Life Long Assure.
Anuj Agarwal, MD& CEO, Bajaj Allianz Life Insurance said, “We are launching three new insurance plans which will cover the needs of individuals at their different life-stages. We have plans with a guarantee element, with a feature of premium payment for limited period and extended cover for few more years. These features have been added after extensive research amongst our existing customers and prospective ones, besides our agents. We will be launching a suite of online and channel specific insurance plans by the end of Jan 2014.”
These plans are compliant with the new regulatory guidelines but are aimed to be customer oriented. The plans also come with an element of guarantee and aim to offer better returns on the customer’s hard earned money so that his/her future is secure.
