Child PlansBajaj Allianz Young Assure Plus Solution
Synopsis:
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This is an innovative solution, an innovative solution for building a child education corpus. This Solution is a combination of two policies of Bajaj Allianz Young Assure, a traditional participating regular and limited premium payment endowment plan with different policy terms, premium payment terms and/or cash installment options
Features:
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Uninterrupted Income: Based on the age of your child you will get fixed policy terms to provision an uninterrupted flow of income during his/ her education years
Comprehensive Coverage: Ensure continued coverage with inbuilt accidental permanent total disability and inbuilt waiver of premium incase of eventualities like untimely demise of parents
Meeting rising cost of education: Ensures that you save systematically to effectively meet the career aspirations of your child
Benefits:
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The Maturity Benefit under this Solution is Guaranteed Maturity Benefit plus Guaranteed Additions plus Vested Bonus plus Interim Bonus, if any, plus Terminal Bonus, if any
Guaranteed Maturity Benefit (GMB) is the guaranteed amount which will decide the death benefit, maturity benefit and the surrender benefit
Guaranteed Additions (GA) is a % of the GMB and will be attached to the policy at GA the end of the policy term
Vested Bonus (VB) - is a % of GMB which will be attached to the policy every year starting from the first policy year
Terminal Bonus (TB) - is a % of GMB which will be attached to the policy every year on completion of 10 policy years and if policy is in-force