Bajaj Allianz LifePOS Goal Suraksha: For customers keen to purchase life insurance with low premium - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, September 01, 2018

Bajaj Allianz LifePOS Goal Suraksha: For customers keen to purchase life insurance with low premium

Bajaj Allianz LifePOS Goal Suraksha: For customers keen to purchase life insurance with low premium

Comes with guaranteed benefits, quick issuance and no medicals


Bajaj Allianz Life Insurance Company Ltd., one of India’s leading private life insurer, is working towards providing apt life insurance covers for Indians across the social spectrum. Today, the company launched a Point of Sale or POS life insurance product: Bajaj Allianz Life POS Goal Suraksha, for customers looking to achieve their life goals through low premium insurance products. Keeping the customer segment in mind, the product comes for premium as low as INR 450 per month. Thereby, providing life cover at affordable premium.

Bajaj Allianz Life POS Goal Surakshais a simple to understand product and to make it more accessible to customers, the product is designed for quick issuance where no medicals are required for customers. Customers can meet their life goals through the product with the guaranteed benefits in this product, along with the life cover.

At the launch, Tarun Chugh, Managing Director & CEO, Bajaj Allianz Life Insurance, said, “Our progressive regulator, the IRDAI, recently outlined guidelines to enable products to be issued in a quick and easy manner. It has enabled us, significantly, to continue in our journey to provide every Indian the benefits of life insurance. We are happy to introduce this low premium product, which is simple, yet value packed. We’ve made the product easy to understand and easy to purchase, and have backed it with guaranteed returns. For those who want to purchase value-packed life insurance at low premium, this product is ideal for them.”

Other key advantages of Bajaj Allianz Life POS Goal Suraksha include, a Guaranteed Sum Assured on maturity plus Guaranteed Additions on maturity, if all premiums are paid. The product is available for a tenure of 10 years and an even shorter premium payment term of 7 years. It comes with the benefit of availing a loan, and the flexibility to alter the premium payment mode.

How Bajaj Allianz Life POS Goal Suraksha will help customers:
Subhash, a40 year old purchases Bajaj Allianz Life POS Goal Suraksha for a premium of INR 5,000, annually. His policy term is for 10 years and he opts to pay the premium for 7 years. He pays a total premium of INR 35,000 only for this product, and has a sum assured of INR 50,000.

Withthe feature of Guaranteed Additions on Maturity of the product, Subhash’s total maturity benefit at the end of 10 years will be INR 50,750.
Annualized Premium
Premium Payment
Term
Total Premium
Paid
Policy Term
Maturity Benefit
5,000
7
35,000
10
50,750

About Bajaj Allianz Life Insurance Company Limited
Bajaj Allianz Life Insurance Company Limited is one of India’s leading private life insurance companies. It is a joint venture between Bajaj Finserv Limited, the holding company for the businesses dealing with financial services of the Bajaj Group, and Allianz SE, the world’s leading insurance conglomerate and one of the largest asset managers in the world.

Bajaj Allianz Life Insurance Company Limited began its operations in 2001, and today has a pan-India presence with 635 branches as on 31 July, 2018. The company offers life insurance solutions through its strong product portfolio, which includes traditional insurance products and ULIPs for enabling customers fulfill their LifeGoals. The company also offers group insurance and health insurance plans.



For further details, please contact:
Bajaj Allianz Life Insurance Co. Ltd.                           
nuja Sharma: +91 9833866842                                                   
Suhanee Shah: +91 9769676479                               

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Sakina Gandhi: +91 98202 70423
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Bajaj Allianz LifePOS Goal Suraksha: For customers keen to purchase life insurance with low premium Reviewed by S. Chitra on September 01, 2018 Rating: 5 Bajaj Allianz LifePOS Goal Suraksha: For customers keen to purchase life insurance with low premium Comes with guaranteed benefits, quick...

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