Bajaj Allianz Life Endowment Insurance - India Post Payments Bank
Bajaj Allianz Life POS Goal Suraksha
Your family’s security is one of the many cherished dreams. This dream can be guaranteed and secured which can truly help you to convert your dream into a GOAL.
Introducing, one of the best savings plan for your family goals. Bajaj Allianz Life POS Goal Suraksha. An easy to buy, non-linked, individual, non-participating, limited premium payment, non-medical, POS endowment savings plan will help you acquire a guaranteed “1” returns at maturity while securing you and your family against the odds.
Key Features:
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Guaranteed1 Maturity Benefit |
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Offers Guaranteed1 Additions at Maturity
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Limited Premium Payment Term |
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Option to take policy loan
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Option to alter premium payment mode |
1Conditions Apply-The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors.
Eligibility Conditions:
Parameter |
Details |
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Minimum Entry Age |
18 years |
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Maximum Entry Age |
55 years |
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Minimum Age at Maturity |
28 years |
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Maximum Age at Maturity |
65 years |
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Policy Term (PT) & Premium Payment Term (PPT) |
PT (In years) |
10 |
15 |
20 |
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PPT (In years) |
7 |
5, 7, 8, 10 & 12 |
5, 7, 8, 10 & 12 |
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Minimum Premium |
Mode |
Yearly |
Half-Yearly |
Quarterly* |
Monthly* |
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Premium (Rs.) |
3,000 |
2,100 |
1,250 |
450 |
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Maximum Premium |
As per Maximum Sum Assured |
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Minimum Sum Assured |
Rs. 30,000 |
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Maximum Sum Assured |
Rs. 25,00,000 |
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Premium Payment Frequency |
Yearly, Half yearly, Quarterly* and Monthly* |
*Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)
NOTE: 10 PT is available only for ages between 50 & 55 years
Disclaimer - The participation by IPPB’s customer in insurance products is purely on a voluntary basis. There is no ’linkage’ either direct or indirect between the provision of banking services offered by the bank to its customers and use of the insurance products.