8, Feb 2024
Guaranteed Early Income with Bajaj Allianz Life
Pune,8th February, 2024: Bajaj Allianz Life Insurance, one of the leading private life insurer, introduces a comprehensive plan that empowers customers to unlock guaranteed early income. Setting a new standard for financial protection and income stability, Bajaj Allianz Life Assured Wealth Goal Platinum offers early guaranteed payouts starting as early as the beginning of second policy year. It’s value-packed features empowers individuals to tailor their financial needs to achieve a diverse range of life goals early, whether covering a child’s education expenses or going on a vacation.
In addition to providing the primary assurance of life cover, this life insurance plan offers a myriad of features, making it the suitable choice for customers seeking both guarantee and flexibility. This non-linked, non-participating individual life insurance and savings plan presents customers with a distinctive option to utilize early guaranteed income payouts for immediate goals or accumulate the income and take a lumpsum at the maturity of the policy or for adjusting / offsetting their renewal premiums. The product also provides continued income and an enhanced Return of Premium to ensure financial security for the nominee in the unfortunate event of the policyholder’s demise during the income period.
Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “At Bajaj Allianz Life, our goal is to provide insurance and investment solutions for an expansive and diverse customer segment. There’s a significant segment that seeks stability amidst volatility, coupled with the flexibility, and Bajaj Allianz Life Assured Wealth Goal Platinum is the suitable fit for them. This policy offers peace of mind for individuals and families navigating today’s economic challenges. They enjoy the best of both worlds – guarantee and flexibility – empowering them to fulfill not only their long-term but also short-term life goals. We will continue to revisit our product portfolio, innovating to stay ahead of the ever-evolving economic environment and customer needs.”
The plan works in two simple steps: First, you decide the premium amount and the duration for which you wish to pay it, providing flexibility based on your financial capacity. Second, you choose the income start year and how long you wish to receive the income, allowing you to align the payouts with your specific financial milestones or needs.
Key features of Bajaj Allianz Life Assured Wealth Goal Platinum – Smart Income
- Early guaranteed income starting as early as beginning of 2nd year
- Option to decide your Income start year and Income period
- Option to use the early income to pay the renewal premiums or accumulate and take as a lumpsum
- Life Cover to protect your family against uncertainties
- Choice of 5 riders- Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider, Bajaj Allianz Family Income Benefit Rider, Bajaj Allianz Waiver of Premium Benefit Rider for comprehensive protection
- Avail tax benefits as per prevailing tax laws
- 0
- By Rabindra
5, Jan 2024
Bajaj Allianz General Insurance Inaugurates New Office in Udupi
Udupi, 05 January 2024: Bajaj Allianz General Insurance, one of the leading private general insurers in India, has announced the inauguration of its new office in Udupi, Karnataka. This strategic expansion aims to boost insurance penetration across tier 2 and tier 3 cities in India and provide financial stability to our citizens.
India’s growing economy is fast evolving, but with that, the landscape of risk and uncertainties are also increasing. With their expertise, Bajaj Allianz aims to bring its innovative products and solutions closer to the people of Udupi. The Company will provide a wide range of services backed by technology to seamlessly cater to customers’ needs. The new office will serve as a strategic hub for Bajaj Allianz General Insurance to further strengthen its presence and reach its customers in the region.
Commenting on the inauguration of the new office, Mr. Amitesh Anand, National Head – Geo, at Bajaj Allianz General Insurance, said, “In today’s fast-growing economic landscape, insurance will play a pivotal role in providing a safety net of financial security amidst the uncertainties. However, there is a gap in understanding the benefits and significance of insurance, and hence, its penetration remains low. As a company dedicated to providing and reaching holistic insurance solutions to every citizen of our country, we are proactively making efforts to increase awareness of the importance of insurance across various regions in our country. Expanding our network through these office openings in tier 2 and tier 3 regions will bring us one step closer to bridging the gap between insurance awareness and accessibility, which will subsequently help in its increased adoption. With the inauguration of our new office in Udupi, we aim to provide a range of our insurance product solutions and services well within the reach of the people in these regions, catering to all their insurance needs.”
The newly inaugurated office will offer products across all lines of business and, at the same time, educate customers on the best products as per their requirements to ensure that they are adequately insured. Bajaj Allianz General Insurance is committed to extending its products and related services to every part of the country through its efficient and vast distribution channels with a mission to contribute to the noble cause of doing good for society at large.
