Baja Income Assure Investment Plan
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Bajaj Allianz Investment Plans Bajaj Allianz Investment Plans ★ 4.1

Income Assure

Bajaj Life Income Assure is a participating savings plan offering guar ...Read More

🛡️ IRDAI Approved
⭐ 4.1/5 · 55 reviews
📊 80 years solvency ratio
✅ Minimum Age - 5 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

Bajaj Life Income Assure is a participating savings plan offering guaranteed regular monthly income and assured life cover. The plan allows you to increase base cover with optional riders to protect against death, disability, and disease.

Here are the key features of the PNB Century Plan:
  • 2 plan variants to choose from
  • Special premium rates for women
  • Cash bonuses

About Income Assure

A quick read on what this Bajaj Allianz Investment Plans term plan covers and why it might be a fit for you.

Bajaj Life Income Assure Plan by Bajaj Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease.

Under this plan, you'll even get a high sum assured rebate on an annual premium for each complete additional Rs. 1,000 sum assured purchased. With Bajaj Life Income Assure, you'll receive a yearly cash bonus at the end of each financial year, if any is declared.

Bajaj Life Income Assure Plan offers you a range of benefits including:

  • Choice of 2 life cover variants
  • Flexibility to choose premium payment term
  • Special premium rates for women
  • High sum assured rebate
  • Choice of rider options

Eligibility Criteria for Income Assure

Entry age
Entry age
Minimum Age - 0 years Maximum Age - 50 years
Maturity age
Maturity age
Maximum Maturity Age - 74 years
Policy tenure
Policy tenure
17 to 24 years
Premium payment term
Premium payment term
5 to 12 years
Premium payment frequency
Premium payment frequency
Annual, half-yearly, quarterly & monthly
Sum assured
Sum assured
No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate

Cons

  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age- 0 years
Maximum entry age- 50 years
Minimum sum assured- 144 times of Guaranteed Monthly Income
Maximum sum assured- No limit
Maximum policy term- 24 years

How Does the Bajaj Life Income Assure Plan Work?

Let's understand how the Bajaj Life Income Assure Plan works with a simple premium illustration.

Problem

Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.

Solution

His financial advisor advised him to buy the Bajaj Life Income Assure. He visited PolicyX.com

Let's understand how the Bajaj Life Income Assure Plan works for him with a premium illustration table.

Annual Premium Policy tenure Premium Payment Tenure Maturity Benefits
Rs. 31,788 24 years 12 years Rs 4,32,000

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 4,32,000 are paid to the policyholder.

Benefits of Income Assure

There are various benefits to buying the Bajaj Life Income Assure Plan. Let’s understand each of them in detail:

  • Death Benefit: Upon the policyholder's untimely death during the policy term, the death benefit amount will be paid out to the nominee.

  • Maturity Benefit: Once the Policy matures at the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you.
  • Survival Benefit: If you outlive the premium payment term, the Guaranteed Monthly Income (GMI) will be paid for 144 months from the end of the premium payment term (PPT) till the end of the Policy Term (PT).

  • Surrender Benefit: If you don't need to continue your policy, you can surrender anytime during the policy and receive a surrender benefit. Your policy obtains a surrender value once you've paid the full premiums for the first two years.

Features of Income Assure

Key features that make Income Assure stand out.

Choice of premiumpayment tenure

The plan offers flexibility to choose a premium payment term for 5, 7, 10 or 12 years (PPT) and enjoy a life cover for 17, 19, 22, or 24 years.

Enhanced rideroptions

The plan has 5 optional add-on riders, allowing you to enhance base cover and get additional protection.

Policy bonus

Grow your savings with a yearly cash bonus at the end of each financial year, if any is declared

High sum assuredrebates

Get a special premium discount if you opt for a high sum assured amount

Documents Required for Income Assure

Keep these documents handy when applying for Income Assure.

Documents Required to Buy Bajaj Life Income Assure Plan

Here is the list of documents required to buy the Bajaj Life Income Assure Plan: Photo ID Proof Age Proof Address Proof Medical Records Income Proof

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

Age Proof

Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

Address Proof

Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).

Buying from their branch office

You can buy the Bajaj Life Income Assure Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Exclusions of the Bajaj Life Income Assure Plan

Given below are some exclusions of the Bajaj Life Income Assure Plan-

  • Suicide within 12 months of the policy purchase is not covered.

  • Consumption of any intoxicants.

  • Death due to any aviation accident.

  • Death due to any adventurous sports.

Other Features of Income Assure

Here are the key features of the Income Assure.

Plan At a Glance

What’s Good Here What’s Missing
Choice of Payout Options Premium Offset
Guaranteed Monthly Income  Guaranteed Additions 
Survival Benefit  Whole Life Cover
Additional Bonuses Large Premium Boost Discounts 

In a nutshell

Bajaj Life Income Assure is a participating savings plan offering guaranteed regular monthly income and assured life cover. It provides a choice of 2 life cover variants: Income & Assure. If you still need any information regarding this plan, contact our insurance experts anytime for free advice at PolicyX.com.

Life Insurance Articles

Frequently Asked Questions

The 5 most-asked questions about Income Assure, answered.

Upon policyholder death during the survival period, the death benefit subtracted from GMI already paid will be payable to the nominee.
The minimum sum assured in Bajaj Life Income Assure is 144 times the selected Guaranteed Monthly Income.
You can choose a premium payment term for 5, 7, 10 or 12 years (PPT) and enjoy a life cover for 17, 19, 22, or 24 years.
A high sum assured is available on the annual premium for each extra Rs. 1,000 of coverage bought beyond the minimum required amount.
If you survive until the end of the policy term (PT), you’ll receive a Vested Bonus (if declared) plus a Terminal Bonus (if declared).

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 19 May 2026 · Originally published: 4 Feb 2025

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