Srinagar, April 20: Bajaj Allianz Life Insurance, India’s leading private life insurance companies, launched Invest Plus Premier – a traditional plan offering Guaranteed Investment Return, the company in a statement to Greater Kashmir said.
The highlight of the product, it said, is the ease with which it can be bought in five simple steps. “The policy can be availed by: selecting the cover and rider, fill the proposal form, pay the premium by modes like cash, cheque, DD or credit card, SMS the kit number to activate the kit, handover to agent.”
Counting its features it said the Invest Plus Premier offers guaranteed benefits like minimum Guaranteed Maturity Value (GMV) and Guaranteed Investment Return (GIR). The Guaranteed Investment Return (GIR) is declared at the beginning of each financial year itself during the policy term and for the current financial year 2010-11, it is 7.05 per cent.
The plan also offers three simple-to-purchase Kit options viz. Rs. 6000, Rs. 8000 and Rs. 10,000 being the premium amount. The premium amount is as low as Rs. 6000 so as to make it affordable to a large section of the society. There is Loyalty Addition from 11th policy year onwards and refund of up to 75 per cent of Life Insurance Risk Premium at maturity.
The minimum GMV is equivalent to the total regular premiums paid till maturity date. Loyalty addition from 11th policy year shall enhance the accrued maturity value by an amount equivalent to 10 per cent of each Net Premium pa.

Lastupdate on : Tue, 20 Apr 2010 21:30:00 Makkah time
Lastupdate on : Tue, 20 Apr 2010 18:30:00 GMT
Lastupdate on : Wed, 21 Apr 2010 00:00:00 IST