Life Insurance Term Plan With Return Of Premium | Bajaj Allianz Life Smart Protect Goal




Get your term insurance premiums back with Bajaj Allianz Life Term Plan with a return of premium option. Visit https://ift.tt/34a7WGa to know more.

We have all heard of the saying “”Sharing is caring””. We teach our children to share in their formative years, and they return the favour in our old age.

Return ho toh aisa.

A pure term insurance plan is an affordable way to secure the life goals of your loved ones in case you are no longer around. However, it does not come with maturity benefits, which means there is no survival benefit if you outlive the policy term.

What you need is a term plan with return of premium option.

Presenting Bajaj Allianz Life Smart Protect Goal, a term insurance plan with return of premium variant that gives you back the premiums you have invested throughout the policy term at maturity.

How does term plan with return of premium work?

A term plan with return of payment offers survival benefit along with death benefit to the policyholder. The insured gets the premiums back (subject to deduction of applicable charges and taxes) if he/she survives the entire term of the plan. In case of death, the term insurance nominee gets the sum assured.

Benefits of a term plan with return of premium

• Assured returns – There are several types of term insurance plans available in India. Some offer guaranteed returns while others, like ULIPs, offer market-linked returns. A pure term insurance plan offers no returns. However, when you buy a term plan with a return of premium feature, you are entitled to guaranteed returns regardless of whether or not you survive the term policy.

• Affordable – Compared to traditional life insurance plans that offer maturity benefits with bonuses, a term plan with return of premium is the most affordable type of life insurance that offers survival benefits.

• Tax benefits – Like all other types of life insurance plans, a term plan with return of premium offers tax benefits on premiums paid and benefits received (survival or otherwise) under Section 80C and 10(10D) of the Income Tax Act 1961.

You can also connect with us and learn more by visiting:
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ayushman khurana,ayushmann khurrana


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