Bajaj Allianz Life launches micro-insurance policy Bima Dhan Suraksha
Yojana
Bajaj Allianz Life Insurance, one of the leading private life insurers, has launched micro term insurance plan Bajaj Allianz Bima Dhan Suraksha Yojana with return of premium option.
Targeted at the small
income groups in rural parts of the country, minimum premium of Bima Dhan
Suraksha Yojana is capped at Rs. 1500 annually or Rs. 200 monthly. For a longer
policy term of maximum 10 years, a person can get a protection cover (Sum
Assured) of up to 35 times of the annual premium if he or she opts for regular
premium before the age of 35 years.
Bima Dhan Suraksha Yojana
can be bought at the age of 18 and above up to 60 years. The plan has three
policy terms of 5, 7 and 10 years. Bima Dhan Suraksha Yojana can also be bought
with a single premium option, where minimum and maximum premiums are capped at
Rs. 5000 and Rs. 25000 respectively.
In case of single premium, a person can get
a cover of up to 7 times of the single premium if the policy term is 10 years
and bought before the age of 35 years.
The plan assures a Death
Benefit as higher of sum assured or 105 times of the total premiums paid or
minimum guaranteed sum assured on maturity. For single premium policies, while
other types of Death Benefit remain same, the person will get either 110% or / 125% of the single premium paid depending on the age at entry.
Commenting on the launch
of this plan, Anuj Agarwal, MD &
CEO, Bajaj Allianz Life Insurance, said: “We have brought in Bajaj Allianz
Bima Dhan Suraksha Yojana at a minimum annual premium of Rs. 1500 to cover wider
gamut of people under financial security. This product is aimed to give higher
returns when taken for a longer term to safeguard one’s family in an
unfortunate event.”
About Bajaj Allianz Life Insurance..!
Bajaj Allianz Life Insurance is
a joint venture between Allianz SE, the world’s leading insurer, and Bajaj
Finserv Limited. Allianz SE is a leading insurance conglomerate globally and
one of the largest asset managers in the world.
Bajaj Allianz Life Insurance is
one of the leading private life insurance companies in India. The Company has
developed insurance solutions that cater to every segment and age-income
profiles. Currently, Bajaj Allianz Life Insurance has a strong product
portfolio with adequate flexible products to cater to all kinds of customer
needs from ULIPs to Child plans, from group insurance to health insurance.
The
Company began its operations in 2001 and today has a pan-India presence with more
than 700 branches in India. Bajaj Allianz Life Insurance has been constantly
expanding its operations to be close to their customers.
For further details:
Bajaj Allianz
Ayan Pramanik: +91
9730240099
Chitra Krishnan: +91
9967595142
Adfactors PR
Snigdha Nair: +91 9920481191
Veena Krishnan: +91 9930309052
D.G.JAISHANKAR , Chennai +91 94440-36340
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