Benefits-bajaj-invest-assure-plan

On death, the Sum Assured on death + vested bonuses including Terminal Bonus, if any is paid to the nominee Sum Assured on death is higher of 10 times if age <45 yrs. or 7 times for ages>=45 yrs. the annual premium or 105% of all premiums paid or 1.25 or 2 times the Sum Assured On maturity, the Sum Assured + vested bonus including Terminal Bonus, if any is paid to the policyholder The maturity or death benefit can be taken in installments over a period of 5 or 10 years where the monthly installments will be calculated as 1.04 * maturity or death benefit /60 for 5 year term and 1.08*maturity or death benefit/120 for 10 year term Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively