Supersaver _ Regular saving for a safer tomorrow

     Regular saving is the best tool to protect ones family. We at Bajaj Allianz Life Insurance realize the value of your saving and present a nonlinked, participating regular premium endowment plan, which will help you to save regular amounts for a safer tomorrow.

Super Saver

A Savings Insurance Plan

• Extra Protection with in-built Accidental Death Benefit

• Guaranteed Additions of amount equal to 4% of Sum Assured at the end of each policy year, provided all premiums till date have been paid

• Policy shall remain in-force for full sum assured for 2 successive years even if you forget to pay your premiums on due date.

• Tax benefits on premiums paid and benefits received under Section 80C and Death Benefit, Maturity Benefit and Surrender Value are eligible for tax benefits under Section 10(10)D.

Death Benefit:

• Sum Assured plus Guaranteed Additions plus the Vested Bonus

• In case of accidental death an additional sum assured shall be payable.

Maturity Benefit:

On survival till the end of Policy Term the Company shall be liable to pay the Sum Assured plus Vested Bonus per Section 6 plus Guaranteed Additions per Section 7.

Additional Rider Benefits:

    The following additional benefits in the form of rider can be availed at the option of the Policyholder but shall be available only to those Policyholders who have taken the Policy for a Sum Assured of Rs.50,000 or above.

• Accidental Permanent Total / Partial Disability Benefit Rider

• Family Income Benefit Rider

Loan Benefit:

Policy loan equal to 90% of the surrender value can be availed under the plan



Parameter                     Minimum                  Maximum

Annual Premium          Rs. 1,055/-                   No Limit

Sum Assured               Rs.20,000/-                 No limit

Age at entry                18 Years                       60 Years

Policy term                  10 Year                       30 Years

Payment mode:

     Annual mode only.

                                          Email: navodhayamanagementgroup@gmail.com
                                                                 Contact : 8714476620




 Bajaj Allianz Super Saver is a Traditional Life Insurance Policy.



For more details, kindly call us today on the number mentioned above.

Child Plan

    As parents you wish to provide your child with best possible atmosphere to grow and prosper in life. Education is a significant ingredient as part of that upbringing. Higher education costs are doubling every five years. Rising education costs going forward can upset your calculations due to substantial hike in education costs now and definitely in years to come. So make sure you save enough to cushion yourself against the rise and you as a parent need to plan your finances carefully so as to build a substantial corpus for your child's bright future.

Biggest worries for parents when saving for their child education is:

1) Rising cost of education
2) No knowledge of investment options
3) Not saving enough
4) Starting too late

So do evaluate the following questions as you plan for your child's education:

1. What proportion of your monthly income is saved for child's education?

2. When did you start saving for this goal? Have you earmarked investments specifically for your child's education? How often do you withdraw from investments meant for child education? What is the biggest challenge you are facing in saving for child's education?

3. What kind of investment options such as fixed income options (FDs, PPF), equity funds and stocks, traditional endowment and money back insurance plans, ULIPs and child ULIPs have you invest in and is it sufficient to meet your goal?


ChildGain
"Because your child has miles to go and you have promises to keep!"



Jiyo befikar


Fore more details feel free to contact us on navodhayamanagementgroup@gmail.com

How much is your life worth?

      The difference between the present value of your projected expenses and your current financial resources is the amount of life cover you need today.

    The reason you have to consider present value of your projected expenses, not the actual unadjusted value, is that your family won't expend all their financial resources at one shot, but periodically.So while they draw from it periodically, the balance remains invested and continues to grow.  Adjust the total projected expenses for this incremental return by calculating its present value.

Expenses

• Day to day maintenance expenses of family, excluding expenses towards self.  These should include essentials such as rent if not own a house, food, clothing, utility bills, children's education, travel and entertainment. Calculate an annual figure, increasing it by 5% every year to factor in inflation.  Do this calculation for the number of years you feel it will be before your dependants are in a position to meet these expenses with their own income.
• Outstanding principal on loans taken.
• Big ticket expenses relating to children, like higher education and, possibly, marriage. 
• Emergency expenses

Resources

• The current value of all your investments--what you would get if you encashed your holdings today.  In this calculation, don't include assets whose liquidation might alter your family lifestyle--eg: the house in which you an your family stay.
• Death benefits (pension and gratuity) your family will receive from your employer if your were to die today.

Why Buy Life Insurance?

     

     Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
Though human life cannot be valued, a monetary sum could be determined based on the loss of income in future years. Hence, in life insurance, the Sum Assured ( or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’.  Life Insurance products provide a definite amount of money in case the life insured dies during the term of the policy or becomes disabled on account of an accident.

Why you should buy Life Insurance:

All of us face the following risks:
Dying too soon
Living too long

Life Insurance is needed :

• To ensure that your immediate family has some financial support in the event of your demise
• To finance your children’s education and other needs
• To have a savings plan for the future so that you have a constant source of income after retirement
• To ensure that you have extra income when your earnings are reduced due to serious illness or accident
• To provide for other financial contingencies and life style requirements

Who needs Life Insurance:
Primarily, anyone who has a family to support and is an income earner needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk.

How much Life Insurance is needed:
The amount of Life Insurance coverage you need will depend on many factors such as:

• How many dependants you have
• What kind of lifestyle you want to provide for your family
• How much you need for your children’s education
• What  your investment needs are
• What your affordability is

You should seek the help of an insurance agent or broker to understand your insurance needs and suggest the right type of cover.