Bajaj Allianz Life Insurance has sold over 1 lakh policies of its traditional product Invest Plus Premier since its launch in this financial year. Invest Plus Premier is available in a kit form that offers Guaranteed Investment Returns that is declared at the beginning of each financial year. For the current financial year, it is 7.05%.
Invest Plus Premier is available in affordable premium options starting from Rs. 6000 to Rs. 20,000. The premium amount being as low as Rs. 6000 makes it affordable to a large section of the society, which previously could not have been covered.
Akshay Mehrotra, Head-Marketing, Bajaj Allianz said, “Traditional plans have once again found favor amongst the customers. The popularity of this plan also goes to show that customers seek ‘simplified’ insurance solutions, with the element of guarantee.”
Key Benefits of Invest Plus Premier Policy:
- Option to choose sum assure of 10, 15 or 20 times of annualized premium
- Guaranteed Investment Returns announced at the beginning of each financial year. For the FY 2010-11 of 7.05%
- 10% of each net premium added as Loyalty Additions from the 11th Policy year
- Refund of 75% of the cost of Life Insurance cover at maturity
- Option to pay Additional Premiums to enhance your savings
- Up to 117% credit on Additional Premiums paid
- Choice of additional rider cover as per your requirement
- Life Insurance cover continues, even if you fail to pay your regular premiums post 3 annual premium payments
About Bajaj Allianz
Bajaj Allianz is one of the leading Private Sector life & general insurance companies in India. Bajaj Allianz is a union between Allianz SE, the world’s leading insurer and Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited, one of India’s most respected names). Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55, 00,000 crores). At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Bajaj Allianz began its operations in 2001 and today has a pan-India presence with over with offices and presence in over 1100+ towns in the country. The companies have been constantly expanding its operations to be close to their customers.
Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles. Currently Bajaj Allianz has a strong product portfolio of over 30 flexible products and caters to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance.
