This is an Endowment type of plan available in four packages. Bajaj Allianz 1) Invest Gain Economy - basic package 2) Invest Gain Gold - with Double protection 3) Invest Gain Diamond - with Triple protection 4) Invest Gain Platinum - with Quadruple protection.

The policy is under with profits scheme. Depending upon the package selected, during the term of the policy if unfortunate death takes place the Sum Assured is paid as per the scheme. In addition vested bonuses are also payable.

On maturity the Sum Assured + Vested Bonuses are payable. The special facility under the policy is it has optional benefits a) Family income benefit (FIB) b) Comprehensive Accident protection c) Critical illness benefit and d) Hospital Cash benefit.

The minimum age at entry for invest gain economy is zero (risks commences at age 7). Maximum age at entry is 65 years. Maximum age at maturity is 75 years. In case of Invest Gain - Gold/Diamond/Platinum the minimum age at entry is 18 and maximum age at entry is 50 years and maximum age at maturity is 70 years. For all the above schemes the minimum term is 5 years, maximum term is 40 years, minimum SA is Rs.50,000/- and no limit for maximum Sum Assured.

Another special feature of this policy is, Bajaj Allianz offers an attractive premium discount structure, where you can have a discount of at least Rs.84/- on the annual premium for every additional Rs.10,000/- Sum Assured purchased over the above minimum Sum Assured of Rs.50,000/-. For example, as per tabular premium rates, the annual premium for a male for a 30 year policy of Rs.5,00,000 Sum Assured comes to Rs.16,050/- before the high sum assured rebate. After the high Sum assured rebate the premium is Rs.12,270/- only.

For shorter premium payment terms the discount is even higher - Rs.200/- for the two year term Rs.150/- for three year term and Rs.100/- for five and seven year terms.

Premium can be paid for a limited period also. The company provides a range of limited payment terms for the customer to finish obligations as fast as possible and enjoy the benefits of life cover without any worry thereafter.

Tax benefits are available as per the finance act while paying the premium as well as while getting the claims.