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Private Insurance Companies Fast and Promising
The role of private insurance companies has greatly increased with the common mans interest in choicesand comprehensive policies. With a fast response rate and quick delivery, this competitive sector combinesall advantages.
Private Insurance Companies - Choice for Life
The leaps and bounds that health industry has made is vast. In such a scenario private insurancecompanies have emerged in the past few decades and have made the task of insuring and providing cashfree service easy when time is short. Since there can be no compromise where health is concerned getting agood package for future contingencies has become the main aim of the thinking individual. A privatelyowned enterprise provides the common man with much more choices when it comes to selecting a packagethat will suit his unique needs. When choosing the best policy one would want to look for the mostcomprehensive plan, one that will include all eventualities of the unforeseeable future and private insurancecompanies provide that.
Insurance Firms - Comprehensive Packages
Today insurance covers a vast area of sectors than what it used to, thanks to the entrance of individualowned corporations. Unlike public sector insurance like Medicare, privately owned insurance firms providea broader perspective of how insurance should be. With fierce competition between large players in thisfield, the consumer is bound to get some distinct advantages. Some of the policies provided by these firms
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include health, auto, general, life, travel insurance and cash-less transactions among others. Such exclusiveinsurance firms provide their clients with improved customer relation services, faster paperwork andproviding the required help quickly and efficiently.
All Insurance Companies - Providing Service
The main service that all insurance companies provide is a sort of risk management for what is unknownand cannot be predicted. These policies allow an individual to insure for such possibilities so that when thetime comes the family members are not left in dire straits. Some progressive insurance companies assistlarge scale firms by providing umbrella coverage to their employees while others give additional benefitsalong with mandated plans as a way to induce the uninitiated to start planning about insurance. They arealso a good way to gain tax benefits in addition to providing coverage for the family.
Bajaj Allianz General Insurance Company Limited
Non-Life Insurance.
Deutsche Bank is committed to provide you with time-tested and trusted financial
solutions that give you all the security you need. We offer you Non-Life Insurancesolutions from Bajaj Allianz General Insurance Company Limited
Non Life Insurance Products:
You can avail of a range of products to suit your insurance needs. We have classified
general insurance under four categories.
Asset Insurance
Your assets are your possessions which you have earned. You can protect these with
insurance depending upon which asset you want to protect.
Know more
Health Insurance
Now you can protect yourself from costly medical bills in case of any emergency. BajajAllianz offers a range of health plans to cover you and your family against expensive
medical care.
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Know more
Travel Insurance
While traveling alone or with friends and families, for business or for pleasure, you areexposed to many travel related risks such as delay or loss in baggage, loss of passport or
medical bills in a foreign country. Get yourself protected from all these risks by selecting
an insurance product which caters to your needs.
Know more
ASSET INSURANCE:
Corporate Insurance
You put your hard earned money into your business. Bajaj Allianz has a range ofproducts to secure your business against all risks.
Your assets are your possessions which you have earned. You can protect these byselecting insurance from below depending upon which asset you want to protect.
Car / Motorbike Insurance
Though it is easy to own vehicle it is expensive to maintain, especially in case of damage
caused to your vehicle due to some unavoidable circumstances or accidents. This policy
provides cashless settlement of repair claims and covers the legal liability to third party,personal injury and property damage arising out of an accident involving the insured
vehicle.
Home Insurance
Bajaj Allianz bring to you the House - Holder's Insurance policy designed to cover
various risks and contingencies faced by householders under a single policy. It providesunique comprehensive fire insurance for your own home and its contents, including theft,
breakdown and repair for equipments in your home with high priority claims services
throughout the country.
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Shop / Showroom Insurance
Comprehensive package policy to insure money, data media, software, cost of recovery
of lost data, personal insurance of employees. It is a one stop shop / solution for yourbusiness related needs.
HEALTH INSURANCE:
Now you can protect yourself from costly medical bills in case of any emergency.Choose from a range of health plans covers you and your family against expensive
medical care.
Tax Gain
The Tax Gain plan is a family floater health policy which covers out patient (OPD)
expenses & hospitalization expenses under a single policy and helps you in your taxmanagement also.
Key Features:
OPD (includes dental procedures & treatment) & Hospitalisation expenses
covered under a single policy on floater basis.
Access to over 2,400 hospitals all over India for cashless facility.
130 day care procedures subject to terms & conditions.
Provides benefit of Health check-up at the end of each four (Hospitalization)claim free policy periods.
A single policy or cover can be continued till a person reaches 75 years.
Provides Tax benefit under section 80 D of Income Tax Act.
Health Care
Health Care is policy from Bajaj Allianz General Insurance Co. Ltd designed exclusivelyfor Deutsche Bank customers. It combines the advantages of two of Bajaj Allianzs
popular products - Health Guard and Critical Illness. The key benefits of this product are
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- extensive pre and post hospitalization days (60 and 90 days), a family floater benefit
with family discounts and administration of cashless claim in their network hospitals and
nursing homes. The administration is through the in-house team of Bajaj Allianz itself,making the claim process smooth and swift.
TRAVEL INSURANCE
While traveling alone, or with friends and families, for business or for pleasure, you areexposed to many travel related risks such as delay or loss in baggage, loss of passport or
medical bills in foreign country. Get yourself protected from all these risks by selecting a
product from below which caters to your needs.
Travel Elite
An exclusive policy for high end travelers called Travel Elite - a cluster of benefits policymade for the specific customer group.
Shubh Yatra
Unique domestic train travel policy. Insure your train journey. Your home is ensuredagainst burglary when you travel.
Travel Asia
Bajaj Allianz General Insurance has introduced two new low-cost travel insurance plansfor travelers to asian countries.
Travel Companion
It is specially designed to help you deal with situations while overseas travel. It has an
advantage of the entire family being covered under one policy.
Student Companion
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Most suitable policy for students traveling overseas. It provides financial support outside
the country.
CORPORATE INSURANCE
You put your hard earned money into your business. Choose from a range of products to
secure your business against all risks.
Office Insurance
Your office is a hive of activity. Major investment, time and effort goes into building upyour business. The office package is the best way to protect your business from loss due
to unexpected contingencies such as burglary, fire, fidelity etc
Specialty Lines
This policy has been designed to take care of special needs like aviation, marine hull,
project insurance, freight forwarders, port liabilities, film insurance, credit insurance,event insurance etc.
Employees Insurance
Your employees are your strength, you can take care of your employees with Group
policies like PA, group HG, group CI, group travel, workmen's compensation etc.
Manufacturing Unit Insurance
While going about your daily business activities, dangers could be lurking close to you.Machinery breakdown, fire, earthquake, etc. could severely affect your assets and profits.
Protect your manufacturing units and your profit with our range of need-based policies.
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REASONS FOR HAVING LIFE INSURANCE POLICY
Ever thought about why you should take an insurance policy?
Life is full of uncertainties. A life insurance policy not only creates security for you and
your family, but also lets you safeguard your standard of living in the later years of life
Additionally, a life insurance policy
encourages and forces compulsory savings
offers tax relief
provides financial protection against unfortunate incidents like accident or anillness
PLANS AHEAD FOR TOMORROW
Investment in insurance is required at all stages in life but the quantum of insurance
changes as life progresses.
Young Professional
When youre young and single you have no financial responsibilities. However, as you
grow older you will be assuming new roles and taking on larger responsibilities too. We
recommend that you buy a policy now while you're young and benefit from low premiumrates for life. If you have any family member dependent on you for financial support then
by all means you should consider life insurance.
Just Married
Married couples with no children need to plan ahead to ensure financial security for each
other. Life insurance in such a case is an important investment. If both of you aresufficiently insured then the death of either spouse would not be financially catastrophic.
Married with kids
A single-income family with young children is the classic high-need situation. The familyis dependent on the earning member for their total support, so insurance on that life is
vital.
Nearing Retirement
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You may have a pension and considerable assets that can generate good income after
your retirement, however with suitable insurance planning you can sustain your standard
of living more comfortably.
HUMAN LIFE VALUE
What is Human Life Value?
Human Life Value is that amount which ensures that the standard of living of a family
is not affected even if the earning member is not there or not able to earn.
Why is it important to know your Human Life Value?
Most families are accustomed to a certain standard of living. What we often fail to realise
is that this standard of living is entirely dependant on the earning member of the family.
If the earning member is unable to provide for the family, it is hardly possible to maintainthe same quality of life.
Do you know your Human Life Value?
Use these simple thumbrules to find out.
Age "Human Life Value"
Upto25
20 times annual gross salary
25 - 35 15 times annual gross salary
35 - 45 12 times annual gross salary
45 + 10 times annual gross salary
To give you appropriate life insurance solutions, we have tied up with Birla Sun Life, aleading private life insurance company. You can avail of a range of products to suit your
insurance needs.
Unit Linked Investment Plans
Entry Age 8 to 60 years
Policy Term 10 years
Minimum Basic Sum
Assured(BSA)
For entry ages below 45For entry ages 45 and above
Single Pay 5-Pay
1.25*Basic Premium 10*Basic Premium1.10*Basic Premium 7*Basic Premium
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Maximum Basic Sum Assured
For entry ages below 45
For entry ages 45 and above
Single Pay 5-Pay
5*Basic Premium 300% of BSA
5*Basic Premium 300% of BSA
Death Benefit Upon the unfortunate demise of the life insured
prior to
maturity, we shall pay to the nominee the BasicSum
Assured plus the Fund Value as of the date of
intimation of death.
Maturity Benefit You will receive the Fund Value at
maturity, if you
are invested in the Self-Managed Option
at thattime.
You will receive the higher of the
GuaranteedMinimum Maturity Benefit or the FundValue at
maturity, if you are invested in the
GuaranteedOption at that time.
Surrender Benefit Surrender policy only after 5 years of policy and
receivethe fund value at that time.
Loan Benefit You can avail of a loan on your policy. The
minimum
loan amount is Rs. 5,000 and themaximum loan amount is 40% of the Fund Value
net
of any discontinuance charges. Theinterest we charge on such loans will be fixed by
us
from time to time based on then prevailingmarket conditions.
Premium Payment Options Single-pay-Minimum Basic Premium Rs. 200,000
once
5-Pay-Minimum Basic Premium Rs. 100,000
yearlyPartial Withdrawals You can make unlimited partial withdrawals to
meetany financial emergencies
Entry Age 8 to 70 years of age
Policy Term 10 years
Minimum Basic Sum Assured (BSA) 10 x Basic Premium for entry ages below
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45
7 x Basic Premium for entry ages 45 and
above
Enhanced Sum Assured Minimum Rs. 50,000 and not exceeding
Basic Sum
Assured, Entry Age 18 to 65 yearsDeath Benefit The Fund Value as on date of intimation of
death or the
Basic Sum Assured reduced for partialwithdrawals.
In addition we will also pay the Enhanced
Sum Assured, if any.
Maturity Benefit You will receive the Fund Value atmaturity.
In addition, you will receive an amount
equal to the
number of units in Platinum AdvantageFund times the excess, if any, of
Guaranteed Unit
Price over the then prevailing unit price ofthis investment fund, if you have opted for
Guaranteed Option.
Surrender Benefit Surrender policy only after 5 years ofpolicy and receive
the fund value at that time.
Loan Benefit You can avail of a loan on your policy. Theminimum
loan amount is Rs. 5,000 and themaximum loan amount is 40% of the Fund
Value netof any discontinuance charges. The
interest we charge on such loans will be
fixed by usfrom time to time.
Premium Payment Options 5 years
Minimum Rs. 25,000 p.a. if paid annually
Minimum Rs. 30,000 p.a. if paid monthly,quarterly or
semi-annuallyPartial Withdrawals You can make unlimited partial
withdrawals to meet
any financial emergencies
Entry Age 1 year to 65 years, subject to minimum age of 18 onGSD
Policy Term 10, 15, 20, 25 and 30 years
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Guaranteed Savings Date Same as policy term
Enhanced Sum Assured Minimum Rs. 50,000 and not exceeding Basic Sum
Assured, Entry Age 18 to 65 years, subjectto maximum age of 75 on GSD
Guaranteed Additions Additional units will be added to your policy:
On 10th policy anniversary and every 5th policyanniversary thereafter. Guaranteed Addition is 2.50%
of the Basic Premiums paid in the last 60 months
In addition on 11th policy anniversary and everypolicy
anniversary thereafter. Guaranteed Addition is 0.25%
of the average Fund Value in the last 12 months
Death Benefit In the unfortunate event of the death of the lifeinsured
prior to maturity, we will pay to the nominee
Basic Sum Assured; plus Fund Value as on date of intimation of death;
plus
Enhanced Sum Assured, if any
Maturity Benefit You will receive higher of the Fund Value or
GuaranteedSavings Fund at maturity.
Surrender Benefit Surrender policy only after 5 years of policy and
receivethe fund value at that time.
Loan Benefit You can avail of a loan on your policy. The minimumloan amount is Rs. 5,000 and the maximum loan
amountis 40% of the Fund Value net of any discontinuance
charges. The interest we charge on such loans
will be fixed by us from time to time.
Premium Payment Options Minimum Rs. 12,000 p.a. if paid annually
Minimum Rs. 15,000 p.a. if paid semi-annually
Minimum Rs. 20,000 p.a. if paid quarterly
Minimum Rs. 24,000 p.a. if paid monthly
Partial withdrawals You can make unlimited partial withdrawals to meet
any financial emergencies
Entry Age 1 year to 65 years, subject to minimum age of 18 onSavings Date
Savings Date Same as policy term
Policy Term 10, 15, 20, 25 and 30 years
Enhanced Sum Assured Minimum Rs. 50,000 and not exceeding Basic SumAssured,
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Entry Age 18 to 65 years, subject to maximum age of
75
on Savings Date
Guaranteed Additions Additional units will be added to your policy:
On 10TH policy anniversary and every 5TH policy
anniversary thereafter. Guaranteed Addition is 2.50%of the Basic Premiums paid in the last 60 months
In addition on 11TH policy anniversary and every
policyanniversary thereafter. Guaranteed Addition is 0.25%
of the average Fund Value in the last 12 months
Death Benefit In the unfortunate event of the death of the life
insuredprior to maturity, we will pay to the nominee
Basic Sum Assured; plus
Fund Value as on date of intimation of death; plus
Enhanced Sum Assured, if anyMaturity Benefit You will receive the Fund Value at maturity
Surrender Benefit Surrender policy only after 5 years of policy and
receivethe fund value at that time.
Loan Benefit You can avail of a loan on your policy. The minimum
loan amount is Rs. 5,000 and themaximum loan amount is 40% of the Fund Value net
of any discontinuance charges. The
interest we charge on such loans will be fixed by usfrom time to time.
Basic Premium PaymentOptions
Minimum Rs. 25,000 p.a. if paid annuallyMinimum Rs. 30,000 p.a. if paid monthly, quarterly
orsemi-annually
Pay Term Short pay - 5, 10, 15, 20 years or To Savings Date
Partial Withdrawals You can make unlimited partial withdrawals to meet
any financial emergencies
Traditional Plans
Entry Age 1 to 65 years
Policy Term Whole Life to Age 100
GSB TermMinimum GSB Term
Maximum GSB Term
5 to 35 yearsAttained Age at GSB Term is 18 or more
Attained Age at GSB Term is 75 or less
Premium Paying Term Regular Pay during the GSB Term
Death Benefit In the event the life insured dies during the policy
term,
we shall pay the Sum Assured to thenominee as the Death Benefit,
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Guaranteed Death Benefit; plus
Monthly Additions accrued to date; plus
Enhancement to Monthly Additions, if applicable
Survival Benefit Guaranteed Survival Benefit; plus
Monthly Additions accrued to date; plus
Enhancement to Monthly Additions, if applicableThe policy continues even
After the Survival Benefit is paid.
Maturity Benefit In the event the life insured survives to the end of thepolicy term, we shall pay to you the
Sum Assured as the Guaranteed Maturity Benefit.
The policy shall be terminated once the
Maturity Benefit is paid.
Loan Benefit You can also avail of loans on your policy once it has
acquired a Surrender Value. The minimum loan
amount
is Rs.5,000 and the maximum is 90% of your policysSurrender Value.
Entry Age 8 - 60 years, subject to minimum attained age of 18 at
maturity
Policy Term 5 or 10 years
Basic Sum Assured 5 times Single Premium
GSB Term
Minimum GSB TermMaximum GSB Term
5 to 35 years
Attained Age at GSB Term is 18 or moreAttained Age at GSB Term is 75 or less
Premium Paying Term
Minimum Single Premium
Single pay
Minimum Rs. 50,000
Death Benefit In the unfortunate event of death of the life insured,
the nominee shall
Receive the Basic Sum Assured.
Survival Benefit Guaranteed Survival Benefit; plusMonthly Additions accrued to date; plus
Enhancement to Monthly Additions, if applicable
The policy continues evenAfter the Survival Benefit is paid.
Maturity Benefit On maturity, you will receive
Maturity Sum Assured; plus
All Guaranteed Monthly Additions earned to date;plus
Guaranteed Final Addition
Loan Benefit You can also avail loans on your policy.
Surrender Benefit you may surrender your policy any time after 1st
policy
year and receive90% of the Maturity Sum Assured; plus
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Guaranteed Monthly Additions earned to date
Entry Age 30 days to 60 years
Policy Term Minimum-10 yearsMaximum-70 minus your current age
Subject to Maximum 40 years
Basic Sum Assured 5 times Single PremiumGuaranteed Savings Benefit(GSB) Term
Minimum GSB Term
Maximum GSB Term
5 to 35 years
Attained Age at GSB Term is 18 or more
Attained Age at GSB Term is 75 or less
Premiums Minimum: Rs. 9,600 per annum You can choose your
annual base premiums only in multiples of Rs. 1,200
Death Benefit In the unfortunate event of death of the life insured,the nominee shall
Receive the Basic Sum Assured.
Survival Benefit &
Maturity Benefit
A minimum amount that is guaranteed at the end of
theterm of the policy, along with a chance to earn
survival
benefit at the end of every policy year from the 3rdyear onwards. This adds up to form your accumulated
survival benefits.
The Guaranteed Maturity Benefit is the sum of all
basepremiums that you have paid. And, the younger you
are
and the longer you stay with the policy the higher theGuaranteed Maturity Benefit will be. You will receive
the Guaranteed Maturity Benefit and the accumulated
Survival Benefit on maturity.
Withdrawal Options The accumulated survival benefit could be used for
cash
withdrawals or premium offsets.
Maturity Preponement Unfortunate circumstances could bring about a needto
prepone the maturity of your policy. In this situation,
the plan would pay you an amount equaling theGuaranteed Maturity Benefit minus the early maturity
adjustment, along with your accumulated survival
benefits. Preponement is possible only after tencompleted policy years. Also no deduction is made if
preponement is after 20 policy years.
Surrender Benefit On surrender of your policy before the completion of
ten policy years, your base premiums multiplied by apercentage* plus your accumulated survival benefit
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would be paid to you
The policy acquires a surrender benefit only if
premiums have been paid for 3 full years.
Premium Paying Frequency Annually, half yearly, quarterly or monthly, as per
your
convenienceEntry Age 30 days - 60 years
Policy Term 20 years
Sum Assured Up to 180 times Monthly Base Premium
Death Benefit In the unfortunate event of death of the life insured,the nominee shall receive
All Monthly Base Premiums paid (or Sum
Assured if higher); +
All Bachat Additions earned; +
The Loyalty Addition
Maturity Benefit On maturity after 20 years, you will receive
All Monthly Base Premiums paid; +
All Bachat Additions earned +
The Loyalty Addition
Surrender Benefit Once 36 MBPs have been paid, you may surrender
your
policy and receive all monthly base premiumspaid from the 2nd year onwards x the surrender
factor below; plus after the 10th policy
year, all Bachat Additions earned;plus
After the 15th policy year, the Loyalty Addition
Loan Benefit You can avail of a loan on your policy.
Monthly Base Premium
Premium PaymentFrequency
Rs. 400 - Rs. 5,000
Annual, Semi-annual, Quarterly and Monthly
Pay Term 20 years
Entry Age 13 - 60 years
Policy Term 20 years
Sum Assured Up to 180 times Monthly Base PremiumDeath Benefit All Monthly Base Premiums paid (or Sum Assured if
higher); plus
All Bachat Additions earned; plus
The Loyalty Addition; less
All Survival Benefits paid.
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Survival Benefit You will receive 20% of Monthly Base Premiums
paid,
on the 5TH, 10TH and 15TH policy anniversary.
Maturity Benefit On maturity after 20 years, you will receive
All Monthly Base Premiums paid; plus All Bachat Additions earned; plus
The Loyalty Addition; less
All Survival Benefits paid.
Surrender Benefit Once 36 MBPs have been paid, you may surrender
your
policy and receive
All Monthly Base Premiums paid from the
2nd
year onwards x the surrender factor; plus After the 10th policy year, all Bachat
Additions
earned; plus
After the 15th policy year, the LoyaltyAddition