BAJAJ ALLIANZ LIFE TIME CARE

This is a whole life plan will ensure that you stay financially secured during the tough times you face.

Features:

• The premiums under this plan can be paid through yearly, half – yearly or quarterly.

• A basic premium discount is given to the female customers.

• The premium to be paid is equivalent to the premium for a two-year younger male policyholder.

• It provides an option to include additional death coverage of 50% of the Sum Assured on the following happy moments of your life:

• Your marriage.
• The birth of your first child.
• The birth of your second child.

Benefits:

• It gives you an attractive premium discount structure where the sum assured exceeds the minimum sum assured by at least Rs.10, 000. The discount for annual premium is Rs.48 for each full Rs.10, 000, the sum assured exceeds the minimum sum assured allowed.

• In case of your death, the sum assured plus declared reversionary bonuses plus interim bonus is paid to the nominee of your policy.

• In case of your death after 15 full policy years, the Company may pay terminal bonus for in-force and fully paid-up policies.

• In case of your survival till the age of 80 years, you receive the sum assured plus declared reversionary bonuses plus interim bonus plus a possible terminal bonus till the age of 80.

• Option to get a loan facility provided that you have paid full 3 years policy premiums.
• Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.

• Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.