MONEY BACK POLICY

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MONEY BACK POLICY plan is an excellent plan with good return on reinvestment, best suited for businessmen and professionals. Money is available at regular intervals in future to meet the specific expenses such as children's education or marriage. At the same time, the policy provides insurance protection for the family as well as old age provision.

Salient Features
  • A policy where lump sum amounts are paid to the life assured at periodic intervals on survival.
  • In case of death of the life assured within the term, the total sum insured is paid to the nominee, irrespective of earlier survival benefits.
  • Bonus is payable under this scheme.
  • Premiums are to be paid regularly to get survival benefits.
  • Premiums cease at death or on expiry of term whichever is earlier.
  • This plan can be availed of for terms 20 or 25 years .
Benefits
  • On Death:
    • Full sum assured is payable at death of the life assured within the term, without any deduction of earlier survival benefits. (e.g. for example, suppose a person takes a Rs.1,00,000/- policy for 20 years. At the end of the 5th and 10th year he receives Rs.20,000/- each as survival benefit. If he happens to die in the 12h year, the nominee of the life assured will receive full Rs.1,00,000/-, irrespective of the earlier benefits of Rs.40,000/-)
  • On Survival:
    Term
    At the end of
    Amount of money back
    For Example, on a Rs. 1,00,000 policy
    20 years
    5thyear
    20% of sum assured
    Rs.20,000/-
    10thyear
    20% of sum assured
    Rs.20,000/-
    15thyear
    20% of sum assured
    Rs.20,000/-
    20thyear
    40% of sum assured
    Rs.40,000/-
    25 years
    5thyear
    15% of sum assured
    Rs.15,000/-
    10thyear
    15% of sum assured
    Rs.15,000/-
    15thyear
    15% of sum assured
    Rs.15,000/-
    20thyear
    15% of sum assured
    Rs.15,000/-
    25thyear
    40% of sum assured
    Rs.40,000/-
Restrictions
  • Minimum sum assured : Rs.40,000/-
  • Minimum premium must be Rs.800/- p.a.
  • Minimum age at entry : 13 years
  • Maximum age at entry :
    • 20 years of policy : 50 years
    • 25 years of policy : 45 years
  • Maximum maturity age : 70 years
  • Bonus additions to the policy are calculated for full sum assured. They are payable only along with final maturity benefit on date of maturity or on death, whichever is earlier.
  • No loan will be granted under these policies.

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Joint Life Policy

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You will find several life insurance policies which are as similar as endowment policies are.
Joint Life policy India also provides the same benefits but with the different features as well.
This policy is purchased by couples and business partners. Couples want to take the benefits of this policy so that they would able to survive well when person would die; husband or wife.
Business partners want to purchase this policy so that they would able to handle the business in superb manner when one partner of this business dies.
It’s true that this policy provides utmost pleasure to you but only once when one person passes away. There are several couples who obtain maximum benefits from this policy. This policy provides you 10 years coverage as well as this policy is very much cost effective and provides you best short term returns.
Joint Life policy India provides complete protection to your mortgage. If a couple has bought any house on mortgage and after sometimes, one person out of this couple is died due to some severe reason then survived spouse will be able to handle its mortgage property with the help of this policy.

That person can easily pay the debts and will not find any difficulty in future while surviving with the children. Spouse will also get extra bonuses which would help him/her to save chunks of money which can be spent in other area of life in excellent manner.
This policy provides protection to those children whose parents have been passed away before their children are grown or one of the parents is died and other person has to pay educational fees with the passage of time.
We all know that with the children, your monthly expenses become higher because there are so many charges which have to pay like tuition fees, books fee etc. In order to handle all these alone, joint life policy India is the best option to avail.

This plan is very much beneficial for the retirees. If a couple purchase this policy for future purposes then they can spend a very relaxed and tension free life in their old age. They won’t rely on their children’s money they would able to live their own life by having their own insured money which they have saved throughout their life. So what are you waiting for? If you fall in one of these categories then immediately buy this policy which is far better than other life insurance policies of India.

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Group insurance

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Group insurance is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group.
Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than for the purposes of obtaining insurance. In other words, people belong to the group not because they possess some high-risk factor which makes them more apt to purchase insurance (thus increasing adverse selection); instead they are in the group for reasons unrelated to insurance, such as all working for a particular employer.
A feature which is sometimes common in group insurance is that the premium cost on an individual basis may not be risk-based. Instead it is the same amount for all the insured persons in the group. So, for example, in the United States, often all employees of an employer receiving health insurance coverage pay the same premium amount for the same coverage regardless of their age or other factors. In contrast, under private individual health insurance coverage in the U.S., different insured persons will pay different premium amounts for the same coverage based on their age, location, pre-existing conditions, etc.
Another distinctive feature is that under group coverage, a member of the group is generally eligible to purchase or renew coverage all whilst he or she is a member of the group subject to certain conditions. Again, using U.S. health coverage as an example, under group insurance a person will normally remain covered as long as he or she continues to work for a certain employer and pays the required insurance premiums, whereas under individual coverage, the insurance company often has the right to non-renew a person's individual health insurance policy when the policy is up for renewal, which it may do if the person's risk profile changes (though some states limit the insurance company's ability to non-renew after the person has been under individual coverage with a given company for a certain number of years).
In Canada group insurance is usually purchased through larger brokerage firms such as PACE Consulting because brokers receive better rates than individual companies or unions.

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Loan cover term policy

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Loan cover term policy is the insurance policy that can cover the home loan. This policy can cover the amount of home loan of the individual in the case of the eventuality. On such policy the cover keeps on reducing with time as the individual keeps paying the EMIs regularly that reduces loan amount.
The policy provides the lumpsum in the case of the death of life assured throughout the term of policy. The lumpsum is the decreasing percentage of initial sum taken according to policy schedule. As this is the non participating means without the profit and pure risk cover policy, there are no benefits payable on the survival to an end of term of plan.
Premium of the loan cover term policy is prepared in the manner to cover a superb amount of loan. Therefore size of insurance cover rejects as term of loan draws to the close. So, loan cover term policy has the lower premium in comparison with the term assurance policy which does not offer the investment returns.
In loan cover term policy, loan is taken to cover an expense which is acquired in some of the activities of individual. The motor loan can cover some or entire amount which went in to purchasing a vehicle. The home loan can cover costs which are incurred by an individual when building or purchasing a house. When the loan has taken, it requires repaying with an interest within a term particularized.
When a debtor is unable in repaying the debt because of some valid reason or suffers the premature death, then loan cover term policy will take care of repayment. To start with, on loan cover term policy there is the loan amount. This forms premium. If you have taken this policy then you have to give the fixed sum each month to cover the premium. It is known as the equated monthly installments (EMI). The loan amount decreases with EMI payment.

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Endowment policy

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An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its 'maturity') or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.
Policies are typically traditional with-profits or unit-linked (including those with unitised with-profits funds).
Endowments can be cashed in early (or 'surrendered') and the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid in to it.

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SBI Life Insurance

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SBI life insurance is a private bank in India that offers personal insurance and other insurance services, it usually operates on the basic that life is uncertain and you need to save for any emergencies.

SBI life insurance was a product of two banks that collaborated together that is French insurance company and State Bank of India, the company offers insurance benefits and also pension services that are based on each portfolio of different clients.

The important of using SBI services is that they get the entire financial guidance package that are offered by SBI India and the many programs that it offers like the medical insurance, SBI mutual funds, personal banking and corporate banking.

The main aim of the company offering life insurance to its clients is to offer insurance policies and also long term care that can be affordable to all of its clients.

The company offers their services online and if you log in you can get their full services that they offer and if you need any you can just contact them and they will assist you. The services that the company offers have enabled clients to have quality results.

SBL life insurance offers life insurance services like; claims processing, new admission processing, administration of policies, tracking of premium and administration of insurance advisors. They also offer property and casualty insurance like; administration of current policies, new business administration, claims processing and premium processing.

The company has health insurance services like; new business administration, current policies and claims processing. The company has been having many problems like in 2008 funds of the company declined as a result of unrealized investment losses that come from its fixed income and stoke portfolios.

Despite the failures of the company it has many successes and having many clients in India, it has exposure to commercial mortgages, the company has continued offering quality services to its customers at a lower price.

SBL has branches in other countries and they also record having many clients, they issue credit ratings of security benefit life insurance, SBL and FSBL are operating insurance companies of security benefit corporations and it is an intermediate company that is owned by security benefit mutual holding company.

The company has established its services in the global world, if you want to get better services log in the SBL life insurance and you will get quality services at an affordable price.

Banks In India
Nationalised Banks Private Banks Foreign Banks
- Andhra Bank - ICICI Bank - ABN-Amro Bank
- Bank of India - ING Vyasya - Citi Bank
- Corporation Bank - Karnataka Bank - HSBC Bank
- Syndicate Bank - Nainital Bank Ltd - Standard Chartered Bank

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Bajaj Allianz Life Insurance Company Limited

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             Bajaj Allianz General Insurance Company Limited







Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength.
Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.
As on 31st March 2010, Bajaj Allianz General Insurance maintained its premier position in the industry by achieving growth as well as profitability. Bajaj Allianz has made a profit before tax of Rs. 180 crores and has become the only private insurer to cross the Rs.100 crore mark in profit before tax in the last four years. The profit after tax was Rs. 121 crores, 27% higher than the previous year.

For more details on a summary of our financials, please click here.

For a copy of our Annual Report 2009-2010, Please click here.

Bajaj Allianz today has a countrywide network connected through the latest technology for quick communication and response in over 200 towns spread across the length and breadth of the country. From Surat to Siliguri and Jammu to Thiruvananthapuram, all the offices are interconnected with the Head Office at Pune.

Vision
  • To be the first choice insurer for customers 
  • To be the preferred employer for staff in the insurance industry
  • To be the number one insurer for creating shareholder value
Mission
As a responsible, customer focused market leader, we will strive to understand the insurance needs of the consumers and translate it into affordable products that deliver value for money.

A Partnership Based on Synergy
Bajaj Allianz General Insurance offers technical excellence in all areas of General and Health Insurance as well as Risk Management. This partnership successfully combines Bajaj Finserv's in-depth understanding of the local market and extensive distribution network with the global experience and technical expertise of the Allianz Group. As a registered Indian Insurance Company and a capital base of Rs. 110 crores, the company is fully licensed to underwrite all lines of general insurance business including health insurance. 

Our Achievements
Bajaj Allianz has received iAAA rating, from ICRA Limited, an associate of Moody's Investors Service, for Claims Paying ability. This rating indicates highest claims paying ability and a fundamentally strong position.

Bajaj Allianz General Insurance has received the prestigious "Business Leader in General Insurance", award by NDTV Profit Business Leadership Awards 2008. The company was one of the top three finalists for the year 2007 and 2008 in the General Insurance Company of the Year award by Asia Insurance Review.

Bajaj Allianz Life Insurance Company Limited
Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance Company and Bajaj Finserv.
Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over INR. 55, 00,000 Crores). Allianz SE has over 119 years of financial experience and is present in over 70 countries around the world.

At Bajaj Allianz Life Insurance, customer delight is our guiding principle. Our business philosophy is to ensure excellent insurance and investment solutions by offering customised products, supported by the best technology.


 Car Insurance & Two Wheeler Insurance

Car insurance or two wheeler insurance by Bajaj Allianz provides unmatched care and protection for your motoring experience.
Whether it is cashless settlement in over 1500 preferred workshops or 24x7 claims support, our insurance plan for your car and two wheeler has been designed with hassle-free claim settlement experience in mind.


Unit Linked Plans
  • Regular Premium
  1. New UnitGain Super
  2. UnitGain Plus Gold
  3. New UnitGain Plus
  4. New UnitGain
  5. YoungCare
  6. YoungCare Plus
  7. New FamilyGain-R
  • Single Premium
  1. New UnitGain Premier SP
  2. New UnitGain Plus SP
Pension Plans
  • Annuity
  1. Pension Guarantee
  • Retirement
  1. Future Income Generator
  2. Swarna Vishranti
  3. New UnitGain Easy Pension Plus RP
  4. New UnitGain Easy Pension Plus SP
  5. Future Secure
Traditional Plans
  • Endowment
  1. InvestGain
  2. SaveCare Economy SP
  3. Life Time Care
  4. Super Saver
  • Money Back
  1. CashGain
Term Plans
  • Protector
  • Term Care
  • New Risk Care
Women Insurance Plans
  • House Wives
  • Working Women
Health Plans
  • Care First
  • Health Care
  • Family CareFirst
Children Plans
  • ChildGain
Group Plans
  • Non Employer Employee
  1. Credit Shield
  2. Group Term Life(Non Employer Employee)
  3. Group Suraksha
  4. Swayam Shakti Suraksha
  5. Group Loan Protector
  6. Group Income Protection
  • Employer Employee
  1. Group Term Life(Employer Employee)
  2. New Group Gratuity Care 
  3. New Group Superannuation Care 
  4. Group Save Plus
  5. Group Term Life in lieu of EDLI
  6. Group Leave Encashment Scheme
  7. Group Annuity
  8. Group Superannuation Gold
  9. Group Gratuity Gold
Micro Insurance
  • Alp Nivesh Yojana
  • Jana Vikas Yojana
  • Saral Suraksha Yojana
Other Plans
  • Family Assure
  • Fortune Plus
  • Capital Shield
  • CenturyPlus II

Note: For assistance with buying car insurance or two wheeler insurance online, please call us at 1800-233-3355 (Toll Free). 
To locate a Bajaj Allianz Preferred Garage nearest to you call us at : 020-66439001/2/3. These numbers are available for Monday to Friday 9.00 a.m. to 7 p.m. and Saturday 9.00 a.m. to 1 p.m.

Toll Free: 1800-22-5858 | 1800-102-5858
020-30305858 (chargeable)



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