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Jana Vikas Yogana

Bajaj Allianz Jana Vikas Yojana is a non-linked, non-participating single premium plan offered for 10 or 15 year terms by Bajaj Allianz Life Insurance Company. The plan provides death benefit equal to the sum assured if death occurs during the policy term and 125% of the single premium as maturity benefit if survival is until the end of the policy term. The policy acquires surrender value after the first year and loan facility is not available.

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127 views2 pages

Jana Vikas Yogana

Bajaj Allianz Jana Vikas Yojana is a non-linked, non-participating single premium plan offered for 10 or 15 year terms by Bajaj Allianz Life Insurance Company. The plan provides death benefit equal to the sum assured if death occurs during the policy term and 125% of the single premium as maturity benefit if survival is until the end of the policy term. The policy acquires surrender value after the first year and loan facility is not available.

Uploaded by

shahdeven
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Contact Details Bajaj Allianz Life Insurance Company Limited, G.E.

Plaza, Airport Road, Yerawada, Pune - 411 006. Tel: (020) 6602 6777. Fax: (020) 6602 6789. www.bajajallianz.com

Life Individual

SMS LIFE
BSNL/MTNL
(Toll Free)
1800 22 5858

56070
Other
(Chargeble)
<Prefix City Code> 3030 5858

For any queries please contact:

Any Mobile & Landline


(Toll Free)
1800 209 5858

email: life@bajajallianz.co.in

chat: bajajallianzlife.co.in/chat

SECTION 45 of the Insurance Act, 1938 states: No Policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy-holder and that the policy holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose. Disclaimer This product brochure gives the salient features of the plan only. The policy document is the conclusive evidence of the contract, and provides in detail all the conditions, exclusions related to the Bajaj Allianz Jana Vikas Yojana Plan. All Charges applicable shall be levied. For More Information For more details, kindly consult our "Insurance Care Consultant" or call us today on the numbers mentioned above. Please draw your cheques/ demand drafts in favour of Bajaj Allianz Life Insurance Company Limited. Bajaj Allianz Jana Vikas Yojana (UIN) : 116N047V01
BJAZ-B-0203/ 2-Aug-10

Jana Vikas Yojana


Bajaj Allianz Jana Vikas Yojana

Insurance is the subject matter of the solicitation.

Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Jana Vikas Yojana Bajaj Allianz Jana Vikas Yojana is a non-linked, non-participating Single Premium plan developed by the Bajaj Allianz Life Insurance Company. Bajaj Allianz Jana Vikas Yojana is offered for two different convenient terms. Salient Features
! ! !

Why Bajaj Allianz Life Insurance? Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world's leading insurer and Bajaj Finserv, one of India's most respected names. Allianz SE is a leading insurance conglomerate globally and one of the largest asset mangers in the world. At Bajaj Allianz, we realize that you seek an insurer you can trust your hard earned money with. Allianz SE has more than 119 years of financial experience in over 70 countries and Bajaj Finserv demerged from Bajaj Auto, trusted for over 65 years in the Indian market, are committed to offering you financial solutions that provide all the security you need for your family and yourself. At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states: No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. Any person making default in complying with the provision of this section shall be punishable with a fine that may extend to five hundred rupees.

Terms allowed under the Policy: 10/15 years. Sum Assured: Rs.10,000/- and Rs.50,000/Minimum Age at entry is18 years and maximum Age at entry is 60 years for Policy Term of 10 years and 55 years for Policy Term of 15 years.

Death Benefit: Sum Assured is payable on death of the life assured during the Policy Term.

Maturity Benefit: 125% of the Single Premium is payable on survival till the end of the Policy Term.

Surrender Value: The policy acquires Surrender Value after one year from the date of commencement of Policy.

! !

Loan: Loan facility is not available on this policy. Premium Paying Mode: Single premium, payable one time only.

Tax Benefits: Death Benefit, Maturity Benefit and Surrender Value are eligible for tax benefits under Section 10(10)D.

Suicide Clause: If the policyholder commits suicide in the first policy year, no benefit other than the single premium paid less the proportionate risk premium and stamp duty charges shall be refunded.

Nomination requirements: All nominations will be subject to section 39 of Insurance Act 1938.

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