Bajaj Allianz, one of India's leading insurance providers, offers various investment plans tailored to individuals and families with diverse needs and aspirations. As the nation continues to experience economic growth and financial expansion, Bajaj Allianz Investment Plans emerge as a reliable and versatile solution for those seeking to grow their wealth, protect their loved ones, and navigate the complex landscape of financial planning.
In this article, we will delve into the Bajaj Allianz Investment Plans, exploring their various types and their unique benefits to individuals across India. From Unit-Linked Insurance Plans (ULIPs) to retirement plans, Bajaj Allianz has provided a wide range of plans with innovative, customer-centric offerings.
Bajaj Allianz empowers you to make prudent financial choices, securing your future and enabling you to fulfil your life goals. Whether you're new to the world of investments, this article will serve as a comprehensive guide to Bajaj Allianz Investment Plans in India, helping you find a way toward financial prosperity and peace of mind.
About Bajaj Allianz Life Insurance Company
Bajaj Allianz Life Insurance Company is one of the best and most well-established life insurance providers in India. It is a joint venture between two highly respected and trusted companies: Bajaj Finserv Limited and Allianz SE, a global financial services and insurance conglomerate based in Germany. This collaboration has resulted in a company that blends the strengths and expertise of both partners to offer a wide range of life insurance and investment products and services. It has become a preferred choice for those seeking reliable life insurance and investment solutions in India.
What are Bajaj Allianz Investment Plans?
Bajaj Allianz Investment Plans in India are financial products offered by Bajaj Allianz Life Insurance Company that combine insurance coverage with investment opportunities. These plans are designed to help individuals grow their wealth over time while simultaneously providing life insurance coverage. Bajaj Allianz offers a variety of investment plans to cater to the diverse financial goals and risk appetites of customers. Here are some of the key types of Bajaj Allianz Investment Plans in India:
- Unit-Linked Insurance Plans (ULIPs)
- Savings Plans
- Endowment Plans
- Child Plans
- Retirement Plans
Each of these investment plans has its unique features and benefits, and they can be tailored to an individual's financial goals, risk tolerance, and investment horizon. Bajaj Allianz Investment Plans offer a combination of insurance protection and investment growth, making them a popular choice for those looking to secure their family's future and build wealth simultaneously. It's important for individuals to carefully assess their financial needs and compare quotes online at PolicyBachat to select the most suitable plan for their circumstances.
Key Features of Bajaj Allianz Investment Plans
Here are some of the key features of Bajaj Allianz Investment Plans:
- Insurance and Investment Combination: Bajaj Allianz Investment Plans offer a dual benefit of insurance coverage and investment growth.
- Flexibility: These plans provide flexibility in premium payment, allowing policyholders to choose premium payment modes that suit their financial capabilities.
- Investment Choice: Bajaj Allianz offers a range of investment plans such as Savings Plans, Unit-Linked Insurance Plans (ULIPs), Endowment Plans, Retirement Plans, etc.
- Tax Benefits: Bajaj Allianz Investment Plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
- Maturity Benefits: Most investment plans come with maturity benefits, which provide a lump sum amount or regular income upon policy maturity.
- Bonuses and Returns: Some plans offer bonuses and guaranteed returns, ensuring that policyholders receive a certain amount in addition to the investment returns.
- Partial Withdrawals: Certain plans allow policyholders to make partial withdrawals from their investments, providing liquidity in times of need.
- Surrender Value: Policyholders may have the option to surrender their policies after a certain lock-in period, which can be useful in case of changing financial circumstances.
- Online Access: Bajaj Allianz provides online access to policyholders, allowing them to check the status of their policy, pay premiums, and manage their investments conveniently.
Bajaj Allianz Best Investment Plans in India
Bajaj Allianz offers a variety of investment plans, each catering to different financial goals, risk profiles, and preferences. The best investment plan depends on your specific financial objectives and circumstances. Here are some of the top Bajaj Allianz investment plans:-
1. Bajaj Allianz Guaranteed Income Goal Plan
Bajaj Allianz Guaranteed Income Goal Plan is a Non-Linked Non-Participating Endowment Insurance Plan that provides an option to take policy benefits either as a lump sum or in installments, which are guaranteed.
Eligibility and Key Benefits:
| Entry Age |
6 to 60 years |
| Maturity Age |
18 to 72 years |
| Premium Payment Term |
- Income Benefit Option - 5,7,8,10,12 Years
- Lump Sum Benefit Option - 5,7,12 Years
|
| Policy Term |
- Income Benefit Option - 10 12 15 20 Years
- Lump Sum Benefit Option - 5 7 10 12
|
| Premium |
- Lump Sum Benefit Option
Annually - 22,855/- , Half-Yearly - 11,656/- , Quarterly - 5,942/- , Monthly - 2,057/-
- Income Benefit Option
Annually - 28,822/- , Half-Yearly - 14,699 /- , Quarterly - 7,494 /- , Monthly - 2,594 /-
|
| Premium Payment Frequency |
Yearly, Half-yearly, Quarterly and Monthly |
| Plan Options |
- Income Benefit Option
- Lump Sum Benefit Option
|
| Benefits |
- Guaranteed Maturity Benefits
- Tax Benefits
- Survival Benefits
- Surrender Benefits
- Death Benefits
|
| Features |
- Guaranteed Increasing Income
- Extend Life Cover
- Choice of 2 variants
|
| Riders |
- Accidental Death Benefit Rider
- Critical Illness Rider
- Accidental Total and Permanent Disability Benefit Rider
- Family Income Benefit Rider
- Wavier of Premium Rider
|
2. Bajaj Allianz POS Goal Suraksha Plan
Bajaj Allianz POS Goal Suraksha Plan is a non-participating, non-linked, limited premium payment, non-medical, POS endowment savings plan that secures you and your family against all odds with a guaranteed sum at maturity.
Eligibility and Key Benefits:
|
Entry Age |
18 Years to 55 Years |
| Maturity Age |
28 Years to 65 Years |
| Premium Payment Term |
5, 7, 8,10, 12 Years |
| Policy Term |
10, 15, 20 Years |
| Premium |
Annually - 3000/- , Half-Yearly - 2100/- , Quarterly - 1250/- , Monthly - 450/- |
| Sum Assured |
Minimum-30000/- to Maximum-25 Lakhs |
| Premium Payment Frequency |
Yearly, Half-yearly, Quarterly and Monthly |
| Benefits |
- Death Benefits
- Maturity Benefits
- Guaranteed Additions
- Tax Benefits
|
| Features |
- Alteration of Premium Paying Frequency
- Loan Facility
- Guaranteed maturity benefit
- Limited premium payment term
- Offers Guaranteed Additions at maturity
|
3. Bajaj Allianz Guaranteed Pension Plan
Bajaj Allianz Guaranteed Pension Plan is a Non-Linked, Non- Participating, Deferred & Immediate Annuity plan that assures your Lifestyle goals by giving guaranteed income throughout life as per your choice and need.
Eligibility and Key Benefits:
| Entry Age |
- Immediate Minimum: 30 years Maximum: 85 years
- Deferred Minimum: 45 years Maximum: 84 years
|
| Premium Payment Term |
Single Pay, Limited Pay, Regular Pay |
| Premium |
As per the prevailing Board Approved Underwriting Policy |
| Premium Payment Frequency |
Yearly, Half-yearly, Quarterly and Monthly |
| Plan Options |
- Immediate Annuity
- Differed Annuity
|
| Benefits |
- Tax Benefits
- Death Benefits
|
| Features |
- Guaranteed Addition
- Option to increase the annuity through Top-up premiums
- Wide range of Annuity Options
- Return of cost
|
4. Bajaj Allianz Fortune Gain Plan
Bajaj Allianz Fortune Gain is a non-participating, life, individual, Single Premium Unit-Linked endowment plan that offers up to 99.5% Premium allocation to make sure that your valuable money is fully utilized towards building you a fortune. It provides flexibility in choosing from various investment funds and offers the potential for wealth creation over the long term.
Eligibility and Key Benefits:
| Entry Age |
1 Year to 63 Years |
| Maturity Age |
18 to 70 Years |
| Policy Term |
7 to 30 Years |
| Premium |
50000/- to No Limit |
| Premium Payment Frequency |
Single |
| Sum Assured |
1.25 times Single Premium |
| Benefits |
- Death Benefits
- Tax Benefits
- Loyalty Additions
- Surrender Benefits
- Maturity Benefits
|
| Features |
- Partial withdrawal
- Premium Re-direction
- flexibility
- Top-up Premium
- Decrease in Sum Assured
- Systematic Switching Option
|
| Riders |
- Accidental Death Benefit Rider
- Accidental Permanent Total/ Partial Disability Benefit Rider
- Critical Illness Benefit Rider
- Family Income Benefit Rider
|
5. Bajaj Allianz Assure Wealth Goal Plan
Bajaj Allianz Life Assured Wealth Goal is a non-participating, non-linked, individual life insurance, savings plan which gives you a life cover to secure your family in case you are not around and assurance of income in achieving your Life Goals with a guarantee.
Eligibility and Key Benefits:
| Plan Variants |
Lifelong Income, Second Income, Step Up Income, Extra Income, Wealth Creation, Assured Income |
| Entry Age |
- Lifelong Income - 51 to 65 Years
- Second Income - 5 to 50 Years
- Step Up Income - 5 to 60 Years
- Extra Income - 5 to 50 Years
- Wealth Creation - 8 to 50 Years
- Assured Income - 4 to 60 Years
|
| Maturity Age |
- Lifelong Income - 99 Years
- Second Income - 35 to 99 Years
- Step Up Income - 30 to 92 Years
- Extra Income - 20 to 89 Years
- Wealth Creation - 18 to 75 Years
- Assured Income - 18 to 74 Years
|
| Policy Term |
- Lifelong Income - 99 minus Age at Entry
- Second Income - 30 to 44
- Step Up Income – 25 to 32 Years
- Extra Income - 15 to 29 Years
- Wealth Creation - 5 to 30 Years
- Assured Income - 5 to 14 Years
|
| Premium Payment Term |
- Lifelong Income - 7 / 8 / 10 / 12
- Second Income - 5 / 7 / 8 / 10 / 12
- Step Up Income - 5 / 7 / 8 / 10 / 12
- Extra Income - 5 / 7 / 8 / 10 / 12
- Wealth Creation - Single Pay (Joint Life) 5 / 8 / 10 / 12
- Assured Income - 5 / 6 / 7 / 8 / 10 / 12
|
| Premium Payment Frequency |
Monthly, Quarterly, Half-Yearly, Yearly, Single |
| Benefits |
- Death Benefits
- Maturity Benefits
- Lifelong Income
|
| Features |
- Choice of variants
- Security
- Flexibility
- Tax benefits
- Guaranteed Returns
|
| Riders |
- Accidental Death Benefit Rider
- Accidental Permanent Total/Partial Disability Benefit Rider
- Family Income Benefit Rider
- Waiver of Premium Benefit Rider
- Critical Illness Benefit Rider
|
How to Purchase a Bajaj Allianz Investment Plan
The most effective way to buy an investment plan online is through the PolicyBachat website where you can easily compare and contrast different plans, choose the best one for your needs, and save money and time in the process.
Here are the steps to purchase a Bajaj Allianz investment plan online at PolicyBachat:
- Visit the official website of the PolicyBachat
- Click on the Investment Plan tab
- Fill in the requested details such as name, mobile number, and email address
- Enter your age and city
- Select your desired insurance quote.
- You should select a plan which suits your requirements.
- Then you can pay for your policy by using an online payment method.
Documents Required to Buy Bajaj Allianz Investment Plan
Here are some common documents that you may need to provide when buying a Bajaj Allianz investment plan online:
- Identity Proof: Aadhaar card, PAN card, passport, driving license, or voter ID.
- Address Proof: Aadhaar card, passport, utility bill, or bank statement.
- Income Proof: salary slips, bank statements, or income tax returns.
- Bank Account Details: Account number, IFSC code, and branch address.
- Photographs: You may need to provide passport-sized photographs.
- Application Form: You may need to fill out the application form provided by the insurance company.
Conclusion
Bajaj Allianz Investment Plans provide a compelling blend of insurance protection and wealth creation opportunities for individuals with diverse financial goals and risk profiles. With a range of offerings, including Unit-Linked Insurance Plans (ULIPs), endowment plans, and retirement solutions, Bajaj Allianz caters to a wide spectrum of investment needs.
Bajaj Allianz Investment Plans serve as a valuable tool to secure your financial future and protect your loved ones while working toward your long-term financial aspirations. By combining the benefits of insurance and investment, these plans offer a versatile approach to wealth creation and financial well-being in the ever-evolving landscape of personal finance in India.
PolicyBachat provides the best investment plans from the best life insurer.So, compare quotes now to get the best investment plan.