Under the guidelines which are set for new products, there are plans in the pipeline by Bajaj Allianz Insurance to launch new insurance plans for groups and individuals. Along with an element of guarantee, there are two new life insurance plans being launched for individuals. These are namely invest Assured and Save Assure plan. A Life Long Assure whole life plan is also being launched as per a release which was issued today.
The benefits of the plan include a flexibility of the payment and policy term along with an option of monthly installments. There are two variants of the life cover The Invest Assure Gold and Silver. In both these variants a person can choose the option of a life cover where in the sum assured can be either 1.25 or 2 times.
There is also a terminal and reversionary bonus as well as premium payment terms which are limited along with monthly installments.