Product Information
Saving And Investment Plans Bajaj Allianz Income Assure
A plan which guarantees a regular monthly income for you and your family along with protection in case of any eventuality. A plan which provides for your 2nd income and helps you achieve financial freedom - 'Guaranteed'.


  • Guaranteed Monthly Income
  • Choice of 2 life cover variants: Income & Assure
  • Choice of 4 Policy Terms to suit your financial goals
  • Offer bonuses to enhance your saving
  • Option to enhance your coverage with rider benefits
  • Lower premium rates for female lives


  • Survival Benefit:
    Provided the life assured is alive at the end of the premium payment term, the Guaranteed Monthly Income (GMI)+ (irrespective of the variant chosen) will be paid every month for 144 months, starting from the end of premium payment term
    Incase of death of the life assured during the installment period of the Survival Benefit, the GMI will be stopped immediately. Any GMI paid during the period from the date of death to the date of intimation will be deducted from the death benefit
    + The GMI has to be selected at the inception of the policy and is fixed throughout the term of the policy.
  • Maturity Benefit:
    Provided the policy is in-force, as on the maturity date and the life assured is alive, vested bonus plus terminal bonus, if any, will be paid.
  • Death Benefit:
    If all due premiums are paid, then in case of unfortunate death of the Life Assured during the policy term, the death benefit will be higher of:
    Sum Assured on Death# plus vested bonus plus terminal bonus, if any, or
    105% of the total premium** paid
    #Sum Assured on Death is higher of (i) sum assured (ii) 10 times of Annualised Premium*.
    *Annualised Premium is exclusive of extra premium, rider premium, loadings for modal premiums, Goods and Service Tax, if any.
    **Total Premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any. Goods and Service Tax will be collected over and above the premium under the policy.
  • Additional Rider Benefit:
    You have an option to get comprehensive protection by choosing the optional additional rider benefits at a nominal extra cost.
Entry Age: Min 0 Years Max 50 years
Risk cover will commence immediately on issuance of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority, (i.e., 18 years age last birthday) and on maturity date.
Maturity Age: Min 18 Years Max 74 Years
Policy Term: 17, 19, 22, 24 years
Premium Paying Term: 5, 7, 10, 12 years