October 14, 2023
Coimbatore : Participating life insurance plans, commonly known as par policies allow policyholders to share the company’s profits based on the company’s financial performance. These plans have been a valuable investment option, popular amongst customers because of the key attributes: safety, liquidity, and returns. They pay both guaranteed benefits and non-guaranteed bonuses based on the company’s profits. However, conventional par products are rigid, providing predetermined returns and limited opportunities for customers to customize their plan. Bajaj Allianz Life has changed the game by bringing in the power of choice with their new product, Bajaj Allianz Life Ace.
Bajaj Allianz Life Ace is a is a first-of-its-kind dynamic, non-linked, participating, individual life insurance savings plan. Its key feature is that it offers customers the flexibility to choose the desired income, income start year, income period, adjust maturity benefits as per their goals and much more!
Bajaj Allianz Life has established the credibility of its par products by consistently delivering substantial returns and bonuses declared by the Company. Through Bajaj Allianz Life Ace, the company has further strengthened this commitment.
Key Features of Bajaj Allianz Life Ace:
· Dynamic adjustment of income and maturity benefit
· Flexibility of choosing the term and amount of both premium payment and income
· In addition to the life cover, offers life-long income up to the age of 100 years
· Option to receive income as early as from the first month of the policy
· Choice to defer income for a certain period, ranging from 1 to 5 years
· Option of Goal Protection Benefit ensuring financial security to the nominee in the unfortunate event of the policyholder’s demise through death benefit, waiver on premium, along with continued income and maturity benefits
· Additional 2% income benefit for women policyholders