Save Assure Traditional Endowment Plan from Bajaj Allianz

Key Features

Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non Linked, Individual Endowment Plan. The key features are:

Guaranteed maturity/death benefit of 115% of the sum assured*
Choice of 2 policy terms, 15 and 17 years.
Premium Payment Term of 10 and 12 years.
Option to take policy benefit in monthly installments over a period of 5 or 10 years.
More value for money with high Sum Assured rebate on premium.
Option to enhance your coverage with rider benefits

* Policyholder will receive 115% of sum assured as maturity/death benefit, provided all due premiums have been paid.

One can customize the policy to suit the requirement in the following manner:

The premium will be based on current age, sum assured and policy term.

Maturity Benefit

On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums have been paid.
Surrender Benefit

Policyholder will have the option to surrender the policy provided at least 3 full years’ premiums have been paid.

The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value (SSV) will be payable at any time of surrender throughout the term of the policy.
Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee :

Entry Age	Sum Assured on Death will be higher of
Less than 45	10 times annualised premium***	105% of total premium*** paid	115% of sum assured
Equal to or greater than 45	7 times annualised premium***	105% of total premium*** paid	115% of sum assured

*** Annualised premium and total premium taken are excluding any extra premium and/or any service tax and cess on premium.

Additional Rider Benefit

Policyholder can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost.The riders available with Bajaj Allianz Save Assure are:

Sr.no	Rider	UIN
1	Bajaj Allianz Accidental Death Benefit Rider	UIN:116B034V01
2	Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider	UIN:116B036V01
3	Bajaj Allianz Critical Illness Benefit Rider	UIN:116B035V01
4	Bajaj Allianz Family Income Benefit Rider	UIN:116B037V01
5	Bajaj Allianz Waiver of Premium Benefit Rider	UIN:116B031V01

Loan

Policyholder can avail loan under the policy, provided at least three(3) full years’ premiums have been paid. The loan amount shall be up to 90% of the surrender value.