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Taking care of a child is perhaps
the most important job a parent can
have. It is but natural that you would
like to give your child your best,
and therefore, this is the time when
careful financial planning can help
you fulfill the aspirations that you
have for your children. The Bajaj
Allianz Childgain solutions help you
to enjoy the joys of parenthood responsibility,
with the reassurance of a secure future
for your child.
Common features
in the 4 Options of Bajaj Allianz
"ChildGain” Solutions
- Limited Premium Payment Term
which means that the premiums are
payable till your child attains
age 18 years.
- Your contributions grow by the
way of compounded annual bonuses,
which will be paid to you with the
first guaranteed payout (policy
anniversary following age 18 of
your child), for in-force policies.
In addition to the annual bonuses,
a terminal bonus may also be paid.
- You are also eligible for Tax
Benefits under Section 88 and Section
10 (10 D) of the Income Tax Act.
- Assuring Your Child's Future:
In an uncertain world, the prime
interest of your child cannot be
jeopardized in any way. Which is
why we have built in some added
benefits in all our plans to protect
the interests of your child's future,
by counter insuring you – the
policyholder.
Premiums
For your convenience we have provided
three Premium Payment Modes that can
be Yearly, Half-yearly or Quarterly.
We also offer a Monthly Premium Payment
Mode under salary deduction schemes.
Surrender
We offer you the choice of surrendering
the policy provided three full years
premiums have been paid (Two years
for premium payment terms of 5 and
6 years).
The guaranteed minimum surrender value
is 30% of all premiums paid excluding
the first year premium and excluding
the premiums for premium waiver benefit
and Family Income benefit and additional
benefit opted for. The guaranteed
minimum surrender value after the
premium payment term will be the discounted
value of the outstanding installment
payments discounted at 10% p.a. rate
of interest.
Loans
Loans are not available with Bajaj
Allianz “ChildGain” Solutions.
15 days FreeLook
Period:
Within 15 days from the date of receipt
of the policy, you have the option
to review the terms and conditions
and return the policy, if you disagree
to any of the terms & conditions,
stating the reasons for your objections.
You will be entitled to a refund of
the premium paid, subject only to
a deduction of a proportionate risk
premium for the period on cover and
the expenses incurred on medical examination
and stamp duty charges.
Exclusions
The Death Cover is subject to the
following Exclusion:
Suicide within one year from commencement
of risk, whether sane or not.
This product brochure gives the salient
features only. The relevant policy
document is the conclusive evidence
of the contract, and provides in detail
all the conditions, exclusions related
to each of plans under the Bajaj Allianz
"ChildGain" Solutions.
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