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Bajaj Allianz Term Care Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

 

Bajaj Allianz Term Care Plan

 

This is a variant of the term insurance policy which returns the premiums paid by you on maturity. So if nothing happens to you till the maturity period of the plan, all premiums paid will be returned. There is some additional flexibility in terms of making a single payment and a large number of riders in combinations. Being a return of premium term plan, the premium rates would be higher than the conventional term insurance plans.

 

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Key Features of Bajaj Allianz Term Care Plan

  • Premiums paid by you are returned on maturity
  • Option of regular premium or single premium payment
  • Large cover at relatively low costs



COMPARE THIS PLAN WITH OTHER TERM PLANS
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    Benefits you get from Bajaj Allianz Term Care Plan

    • Death Benefit – The nominee would receive the Sum Assured in case of death of the policy holder during the term of the policy.
    • Maturity Benefit – All premiums paid by you during the term of the policy would be returned to the policy holder.
    • Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Maturity benefits too are tax exempt as per Section 10(10D)

     

    Eligibility conditions of Bajaj Allianz Term Care Plan

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    Rs.1,00,000

    Rs.10,00,000

    Policy Term (in years)

    5

    40

    Premium Payment Term (in years)

    Equal to policy term

    Equal to policy term

    Entry Age of Policyholder

    18

    50

    Age at Maturity

    -

    65

    Regular premium

    Rs.1,500

    -

    Single premium

    Rs.6,000

    -

    Payment modes

    Yearly & Half-Yearly

     

     

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

     

    Sample illustration of premium amount in Bajaj Allianz Term Care Plan

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs.5,00,000 and Policy Term = 25 years. This is for the Basic Economy Variant.

    Premium values of Term Car Plan for various ages at which policy is bought

     

     Bajaj Allianz Term Care Premium Values

     

     

    Clearly, the earlier you buy this policy the cheaper it is.

     

    Additional Features and Benefits of Bajaj Allianz Term Care Plan

    Riders – The Term Care Plan has some built-in riders which come in the form of policy variants.

     

    Policy Variant

    Type of Rider Benefit

    Economy Package

    No Riders

    Protect

    Accidental death benefit

     

    Permanent Total/Partial disability benefit

     

    Waiver of premium benefit

    Health

    Critical illness (or dread diseases) benefit

     

    Hospital cash benefit

    Total

    All the above riders are added

     

    What happens if?

    • You want to surrender the policy – You can surrender you policy only after 3 full years premiums have been paid. This is not recommended though and should be done only for cash emergencies.
    • You want a loan against your policy – No loans are available against this policy.




     

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