Super Saver – Bajaj Allianz Life Insurance

Super Saver of Bajaj Allianz Life Insurance is a non linked participating regular premium endowment plan that enables the insured to make regular savings. This plan even allows its policy holder to get some extra benefits and guaranteed additions of 4% of the total sum that has been assured. This money would be received at the end of each policy year.
Features and benefits of Super Saver Plan are:
• This insurance policy features the auto cover option that enables the policy to stay in force even after the non payment of premium for two successive years. At this time the insured would not be able to get any bonuses or guaranteed additions.
• Riders are available in this policy whose main aim is to offer some enhanced financial assistance by making some additional premium payment. Some of the riders that are available in this policy are accidental death benefit rider, total or partial disability rider and family income benefit rider.
• One of the unique features of this policy is that the policy would remain in force for two successive years even if the insured has forgot to make the payment of premium.
• Policy loan is available in this policy in which the insured is allowed to take loan that is equivalent to the ninety per cent of the surrender value.
• The insured would also get a chance to known his or her policy by reviewing it for fifteen days. This is referred as the free look period. If the insured is not at all comfortable with the policy then the insured is free to return the policy and there he or she would get his or her premium money back.
• Tax benefit is also available in Super Saver of Bajaj Allianz Life Insurance policy and that is as per the provisions of the Indian income tax act 1961.

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Tags: Bajaj Allianz Life Insurance, Endowment Plan, insurance policy

Super Saver – Bajaj Allianz Life Insurance

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