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.
Compare Term Insurance Plans
Key Features of Bajaj Allianz Term Care Plan
Benefits you get from Bajaj Allianz Term Care Plan
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 |
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
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?