Bajaj Allianz Cash Gain plan is a money back plan. The plan is available as 1) Cash Gain Economy - basic package 2) Cash Gain Gold - with double protection 3) Cash Gain Diamond - with Triple protection 4) Cash Gain Platinum - with Quadruple protection.

Besides having the regular cash benefits at periodical intervals, the plan takes care of your life insurance needs also. On death during the term of the policy, the following would be paid irrespective of the survival benefits already paid.

1. Family Income Benefit (FIB): Incase of death by Accident or accidental total permanent disability, a guaranteed monthly income of 1% Sum Assured (12% per annum) is paid till the end of policy term or for 10 years whichever is higher. Moreover, all future premiums are waived.
2. Comprehensive Accident Protection: This provides comprehensive cover in case of an accident. It comprises of (i) Accidental Death Benefit: An amount equal to the Sum Assured is paid in case of death arising out of Accident subject to maximum of Rs.50 lakhs. (ii) Accidental Permanent Total/Partial Disability Benefit: This benefit provides financial cushion against such misfortunes. 50% of Sum Assured is paid in case of partial disability and 100% in case of permanent disability subject to 25 lakhs for partial and 50 lakhs for permanent disability. (iii) Waiver of premium benefit: In case of total permanent disability, the company waives off all future premiums and keeps the valuable life cover available. (iv) CI benefit and (d) Hospital Cash benefit.

These benefits are optional & customer can avail by solely and paying appropriate extra premium.

The plan is available for terms 15, 20, 25, & 30 years. The minimum age at entry various for 12 to 18 years depending upon the term selected and the premium selected (i.e. Economy, Gold, Diamond or Platinum). The 1st cash benefit is 10% of sum assured, 2nd cash benefit is 15% of sum assured, 3rd Cash benefit is 25% of sum assured, 4th Cash Benefit is 25% of sum assured and on maturity 50% of sum assured and accrued bonus is paid. In total the customer on survival gets 125% of sum assured + accrued bonus.

One who expects periodical payments from the Bajaj Allianz without losing the life cover for full sum assured can look for this policy.