Knowledge Base Life Insurance Guaranteed Plan Bajaj Allianz Invest Gain Review
Thursday, 27 October 2011 10:44

Bajaj Allianz Invest Gain Review

Written by  Yashish Dahiya
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Bajaj Allianz Invest Gain Review

Plan Name: Invest Gain

Insurer: Bajaj Allianz Life Insurance

Category: Traditional Plan

Objective: Financial protection of family and returns on investment

Invest Gain is a traditional endowment plan which has four variants:

- Economy: basic package

- Gold: life cover is twice the Sum Assured

- Diamond: life cover is thrice the Sum Assured

- Platinum: life cover is four times the Sum Assured

Major USP of Bajaj Allianz Invest Gain

Different variants available

Limited premium payment term

Riders available


Loan facility available

Eligibility of Bajaj Allianz Invest Gain 

Minimum Entry Age: 0 Years

Maximum Entry Age: 65 Years

Maximum Age at Maturity: 70 Years

Policy Term:  5-40 Years

Premium Payment Term: Regular, Limited

Minimum Premium: Rs 5,000 per annum

Premium Payment Mode: Yearly, Half Yearly or Monthly

What benefits does Bajaj Allianz Invest Gain offer? 

Death benefit:

In case of unfortunate death of the life insured, Sum Assured will be paid. Bonuses if any will also be paid.


Maturity Benefit:

At the end of policy term, Sum Assured with vested bonuses will be paid.


You can opt for the following riders with the plan- Family Income Benefit, Comprehensive Accident Protection, Critical Illness and Hospital Cash.

Increase Sum Assured:

On occurrence of particular events like marriage, birth of children etc, you can also increase the Sum Assured.



For large Sum Assured, discount on premium will be made. For female policyholders, further discount will be provided.



Loan facility is available with the policy.


Are there any tax benefits? 

Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.

Under Section 10(10D) death claim is completely tax free.

What else should I know about? 

Surrender Value: You can surrender the policy and the guaranteed surrender value will depend on premium term opted.


Free Look Period: Invest Gain plan can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.







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