Bonus rates for Bajaj Allianz Cash Rich Insurance PlanThe table below shows the Bonus rates declared for Bajaj Allianz Cash Rich Insurance Plan from inception. You can use this to calculate the Bajaj Allianz Cash Rich Insurance Plan Maturity Value. The vested simple reversionary bonus rates are percentage of Sum Assured.
In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:
Bonus Value = Sum Assured x Bonus Rate / 100 = 5,00,000 x Bonus Rate / 100
Simple Reversionary Bonus
Compound Reversionary BonusCompound Reversionary Bonus (CRB) is calculated as a percentage of Sum Assured plus all previously accrued bonuses.
Terminal Bonus is calculated on the sum assured and for each completed year of the policy subject to at least 5 years and is payable on maturity or death.
Bajaj Allianz Cash Rich plan has a special feature of paying cash bonus during the benefit payout period after the premium paying term along with the Cash Back Benefit (CBB). The cash bonus is also payable to Paid up policies (on Paid up Sum Assured) along with the Cash Back Benefit (CBB).
|Year||Premium Paying Term||Policy Term||Bonus Rate|
A one time special bonus of 1% of base sum assured will also be paid for all the participating policies, which are in force for full sum assured as on 31st March 2018 and only payable at the time of claim. This ia a one time bonus and is not a compound reversionary bonus.
Special Bonus (One Time Bonus):
Maturity ValueSo to get to the Bajaj Allianz Cash Rich Insurance Plan, you have to add all of the following - Sum Assured + Reversionary Bonus (SRB & CRB) + Interim Bonus + Terminal Bonus + Cash Bonus
Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your Bajaj Allianz Cash Rich Insurance Plan
Please contact the Bajaj Allianz Life's office for exact details of the bonus which has accrued in your plan.
You can read know more about the plan and it’s working here - Bajaj Allianz Cash Rich Gain Insurance Plan