Allianz Bajaj launches InvestGain, a unique insurance plan
Our Banking Bureau
24 February 2003
Mumbai: Allianz Bajaj Life Insurance has launched InvestGain, a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum.
The
most significant benefit of Investgain is the monthly
family income benefit. This benefit:
- Sustains
the family by compensating the loss of income due to
death or accidental permanent disability by paying 1
per cent of the sum-assured every month.
- Is guaranteed for a minimum period of 10 years, which allows the family to cope with the loss of regular income.
“This product is the first-of-its-kind in the Indian insurance market, and offers several other unique features,” says Allianz Bajaj CEO James Walton.
The
InvestGain Plan is available in four packages offering
protection up to four times the basic sum assured:
- Allianz
Bajaj InvestGain Economy: the basic plan
- Allianz
Bajaj InvestGain Gold: with double protection
- Allianz
Bajaj InvestGain Diamond: with triple protection
- Allianz Bajaj InvestGain Platinum: with quadruple protection
Moreover, the plan participates in the profits of the company and, therefore, grows with time.
Apart
from the family income benefit, InvestGain plan also offers
several other benefits for total protection against uncertainties
of life, like:
- Comprehensive
accidental protection benefit
- Critical
illness benefit
- Hospital
cash benefit
(These benefits can be selected with each package.)
