Bajaj Allianz Invest Assure
Invest Assure is a flexible, marketlinked retirement solution offered by Bajaj Allianz Life Insurance. It combines the safety of a life cover with the growth potential of equity and debt investments, aiming to create a reliable corpus for a comfortable postretirement life.
Why Consider Invest Assure?
Traditional savings tools such as fixed deposits or PF often provide limited returns that may not keep pace with inflation. Invest Assure addresses this gap by offering:
- Marketlinked returns A portion of the premium is invested in equity and debt funds, enabling higher growth potential.
- Life cover A death benefit equal to the greater of the sum assured or the fund value, ensuring financial protection for your family.
- Flexibility Choose how much you want to allocate to marketlinked and guaranteed components.
- Tax benefits Premiums qualify for deduction under Section80C, and the death benefit is taxfree under Section10(10D).
Key Features
1. Dual Investment Option
Invest Assure lets you decide the split between:
- MarketLinked Fund (MLF) Invested in a choice of equity, debt, or balanced funds managed by top asset managers.
- Guaranteed Fund (GF) Provides a minimum guaranteed return, typically 4%5% per annum on the premium paid.
2. Policy Term & Premium Frequency
The policy term ranges from 10 to 30 years, allowing you to align it with your retirement horizon. Premiums can be paid monthly, quarterly, semiannually, or annually, offering flexibility to suit cashflow preferences.
3. Death Benefit
If the policyholder passes away during the policy term, the nominee receives the higher of the sum assured or the fund value, safeguarding the familys financial needs.
4. Partial Withdrawal
From the 10th policy year onward, you may withdraw up to 25% of the fund value (subject to surrender charge) without affecting the death benefit, giving you liquidity when required.
5. Loyalty Additions
For every completed 5year block, a loyalty addition of 0.5% to 1% of the fund value may be credited, boosting longterm wealth creation.
How It Works Step by Step
- Determine your goal Estimate the corpus required for retirement, considering lifestyle, inflation, and life expectancy.
- Select policy term Choose a term that matches or slightly exceeds your expected retirement year.
- Choose fund allocation Decide the percentage split between MLF and GF. A higher MLF share can generate greater returns but comes with higher market risk.
- Pay premiums Make regular premium payments as per your chosen frequency.
- Fund performance The MLFs value fluctuates with market movements; the GF grows at a guaranteed rate.
- Retirement At policy maturity, you receive the accumulated fund value as a lump sum or as regular annuity options.
Benefits at a Glance
- Combination of protection and wealth creation.
- Customisable fund allocation based on risk appetite.
- Taxefficient investment vehicle.
- Liquidity through partial withdrawals after 10 years.
- Option to convert the corpus into systematic withdrawals for regular postretirement income.
Eligibility and Documentation
Age: 18 60 years at policy entry.
Health: Standard medical underwriting applies. For ages 5560, a simplified health questionnaire may be used.
Required documents:
- Proof of identity (Aadhaar, PAN, Passport, etc.)
- Proof of address (Utility bill, bank statement, etc.)
- Age proof (Birth certificate, school certificate, passport)
- Medical reports (if required)
Comparison with Other Retirement Products
| Feature | Invest Assure | Traditional Endowment | Pension Plans (NPS) |
|---|---|---|---|
| Marketlinked growth | Yes (optional) | No | Yes (limited equity exposure) |
| Guaranteed return component | Yes | Yes | No |
| Life cover | Yes (higher of sum assured/fund value) | Yes (fixed sum assured) | No (only fund value) |
| Tax benefit under 80C | Yes | Yes | Yes (subject to limits) |
| Partial withdrawal | After 10 years, up to 25% | Rarely permitted | Yes, postvesting |
| Liquidity at maturity | Lump sum or annuity | Lump sum only | Lump sum or annuity |
Frequently Asked Questions
What happens if I miss a premium payment?
Invest Assure offers a grace period of 30 days after the due date. If the premium is not paid within this window, the policy lapses. You can revive the policy by paying the overdue premiums along with interest as per the companys revival rules.
Can I switch between funds?
Yes. You may switch the MLF portion among eligible equity, debt, or balanced funds a maximum of four times a year without additional charges.
Is the return guaranteed?
Only the Guaranteed Fund component offers a fixed rate. The MarketLinked Funds return depends on market performance and is not guaranteed.
How is the death benefit calculated?
The nominee receives the greater of the sum assured or the fund value (including any loyalty additions) at the time of the policyholders death.
Can I increase my premium later?
Yes, you may opt for a topup premium to increase the sum assured or marketlinked component, subject to underwriting approval and age limits.
Steps to Buy Invest Assure Online
- Visit the official Bajaj Allianz Life website.
- Navigate to Invest Assure under the Retirement Plans section.
- Use the online calculator to estimate premium and projected corpus.
- Click Buy Now and fill in personal details, KYC, and policy preferences.
- Upload required documents (Aadhaar, PAN, address proof).
- Make the first premium payment via net banking, credit/debit card, or UPI.
- Receive the policy document electronically within 35 working days.
Ready to secure your retirement with a plan that grows with you?
Bajaj Allianz Life Insurance Surrender Form and Reference File Download Link
