Bajaj Allianz Child Gain

Recommendations :No

Name of the policy :
Bajaj Allianz Child Gain

A brief desciption :

Bajaj Allianz Child Gain Plan is a child money back policy with 4 variants. The Survival Benefits are spaced out differently according to the plan selected. There are 4 variants of this plan namely Child Gain 21, Child Gain 21 Plus, Child Gain 24 and Child Gain 24 Plus. In Child Gain 21 and Child Gain 21 Plus, is paid out after the child attains 18 years, 19 years, 20 years and 21 years. And in Child Gain 24 and Child Gain 24 Plus, the money is paid out after the child attains 18 years, 20 years, 22 years and 24 years. However, if the child dies after the risk commencement but before the entire money is paid out, then the remaining Sum Assured is paid in  lumpsum and the policy is terminated. But if the parent dies during the policy tenure, the future premiums are waived and the policy is continued such that the future Survival Benefits are paid whenever due.

Started date :25/3/2004
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 1 lakh Max- 50 lakh
Returns expected :Less than Fixed Deposit
Entry age :0-13 Years
Minimum amount :Rs. 5000 for yearly mode Rs. 2500 for half year mode Rs. 2000 for quarterly mode and Rs. 700 for monthly mode.

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