- Tax Exemption u/s 80C
- Both regular/single premium payment options available.
- Enhanced protection options available through additional rider benefits.
- Rebates on premium in case of high sum assured.
- In case of financial emergency, you have the option to surrender the policy provided you have opted for single premium payment option.
- Tax benefits on premiums paid and benefits received under this policy as per the existing Income Tax Laws.
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Why New Risk Care II as a Term Plan?Bajaj Allianz New Risk Care II is a non-participating term assurance plan which aims to provide you high insurance coverage at low premium. You have the flexibility to choose your own sum assured, policy term and premium payment option. In case of any unfortunate event before the maturity of the policy, the nominee will receive the death benefit.
That's not all
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Why Bajaj Allianz?
Benefits
Accidental Rider Benefits
We offer you an option to choose from 3 riders to customize your plan and enhance your protection to suit your changing needs.
- Comprehensive Accident Protection : Covers against Accident and Disability - UIN : 116C001V01 .
- Critical Illness Benefit (CI) : Covers you against 11 defined critical diseases - UIN : 116C007V01.
- Hospital Cash Benefit (HCB) : Reduces your burden against hospitalization expenses - UIN: 116C008V01.
(For complete details on riders, please refer to our Additional Rider Benefits Brochure. These additional Rider Benefits are available on regular premium policies only and not on single premium policies.)
Death Benefits
In case of unfortunate death during the term of the Policy the nominee will receive the full Sum Assured.
Tax Benefits
Premium paid will be eligible for tax benefit under Section 80C. The death benefit will be eligible for tax benefit under Section 10(10) D as per the prevailing tax laws.
Maturity Benefits
Since this plan is a pure term plan, there are no maturity benefits
RightInsure Calculator
Are you right insured? Know your worth with Bajaj Allianz RightInsure amount Calculator.
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Things to know
Plan Parameters
You choose your Sum Assured, Policy Term and you are required to make regular premium installments or a one- time payment. In case of any unfortunate event before the maturity of the Policy, the nominee will receive the death benefit. There is no maturity benefit in this plan
| Parameter | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 60 years |
| Maximum Age at Maturity | 65 years |
| Minimum Policy Term | 5 years |
| Maximum Policy Term | 40 years |
| Premium Paying Frequency | Yearly/ Half-yearly/Quarterly/Monthly/Single |
| Minimum Premium | Rs. 1200 per yearly installment Rs. 612 per half-yearly installment Rs. 312 per quarterly installment Rs. 108 per monthly installment Rs. 5,000 for single premium |
| Maximum Premium | No Limit |
| Minimum Sum Assured | Rs. 2,00,000 |
| Maximum Sum Assured | No Limit |
| High Sum Assured Rebate | On Sum Assured above Rs. 10,00,000 |
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How does it work?
Sample Illustration
Mr. Singh is a 30 years old healthy man and he wants to buy Bajaj Allianz New Risk Care II with a Sum Assured of Rs. 5,00,000. The approximate premium that he will have to pay would be:
| Payment Mode | Term (years) | |||
| 10 | 15 | 20 | 25 | |
| Single Premium (Rs.) | 6,740 | 9,940 | 13,335 | 17,405 |
| Regular Annual Premium (Rs.) | 1,210 | 1,340 | 1,390 | 1,490 |
*Above illustration is excluding Service Tax
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Learn more
Frequently Asked Questions and Support
Learn More
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Retiring Rich - Calculate Your Future Financial Needs
The important goal or aim of retirement planning is to have a secure and financially independent. Read Now... |
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What is an Online Pin (O-Pin)? O-pin is the 6-digit online password that a policy holder uses to carry out online transactions, like Unit Linked Fun Switches, Fund Apportionment, Fund Withdrawal and Frequency Change. Read Now... |
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