Bajaj Allianz Group Superannuation Secure Plan and Policy

Bajaj Allianz Group Superannuation Secure Plan and Policy - The Bajaj Allianz Group Superannuation Secure plan is particularly designed for employers to help their employees manage pension funds. This is a non-linked and non-participating group life insurance plan by using which you can make build adequate retirement funds for your employees. You can ensure regular and secure income flow to your employees after their retirement with the help of this plan. The Bajaj Allianz Group Superannuation Secure plan is a variable fund based group superannuation plan, offering you guaranteed interest rate.

Key Features - Bajaj Allianz Group Superannuation Secure Plan and Policy:

The Bajaj Allianz Group Superannuation Secure Plan comes with a lot attractive features which include:

Eligibility Details - Bajaj Allianz Group Superannuation Secure Plan and Policy:

The eligibility conditions for Bajaj Allianz Group Superannuation Secure plan include:

Benefits - Bajaj Allianz Group Superannuation Secure Plan and Policy:

The Bajaj Allianz Group Superannuation Secure Plan enables you to enjoy the following benefits:

• Death benefits: The Bajaj Allianz Group Superannuation Secure Plan offers death benefits to designated nominees, in case any member of a group dies within the policy tenure. The policy pays death instant death benefits once a policy member dies. For Pooled Level policies, the nominee will receive the amount chosen by a member you as per the policy rules. For Individual Level policies, the nominee will receive 101% of a member’s contribution or the individual account value, whichever is higher.
• Surrender benefits: The policyholder/member can surrender the Bajaj Allianz Group Superannuation Secure policy at any time by giving a notice of 3 months. On receiving the request for surrendering, the policy will pay higher of the Guaranteed Surrender Value as surrender benefits. However, the surrender benefits payable under this policy will be lower of 0.05% of the total policy account value.
• Tax benefits: A policyholder may receive tax benefits for purchasing this policy under section 80C of the Indian income tax Act, 1961. Tax benefits are subject to change based on changes in the tax laws of India.
• The Bajaj Allianz Group Superannuation Secure Plan offers vesting benefits after retirement. If it is a Pooled Level policy, the nominee will receive the amount chosen by you ( policy member) as per the policy terms. If it is an Individual Level policy, the nominee will receive 101% of member’s contribution or the individual account value, whichever is higher.
• The Bajaj Allianz Group Superannuation Secure Plan also offers benefits on withdrawals. For a Pooled Level policy, it offers the amount selected by you based on policy terms. The policy will pay the individual account value as withdrawal benefit, if it is an Individual Level policy.