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GUWAHATI, July 19: Bajaj Allianz Life Insurance, a leading private life insurer, launched its groundbreaking savings plan, Bajaj Allianz Life ACE, on Wednesday. This non-linked, participating, early income life insurance plan offers customers enhanced flexibility in customizing their cash flows to align with their unique financial needs. Savings or participating life insurance plans are popular among customers due to their safety, liquidity, and returns. Bajaj Allianz Life’s existing savings plans already offer these features, along with consistent high returns and bonuses. With the introduction of Bajaj Allianz Life ACE, the company has further strengthened the advantages provided by its savings plans.
Bajaj Allianz Life ACE is designed for customers who wish to create and manage their income flow to achieve multiple life goals. With this product, customers can choose to receive a higher income to create an additional source of earnings or opt for a higher lump sum to build a legacy or enjoy a balance of regular income and lump sum. This is in addition to the life cover offered by the product. Participating or savings life insurance plans have never offered customers this level of flexibility and the power to design their income flow according to their specific needs.
Tarun Chugh, MD & CEO of Bajaj Allianz Life, expressed his excitement about the launch of Bajaj Allianz Life ACE, stating, “To make traditional savings products more beneficial for customers, I am pleased to introduce the component of enhanced flexibility in a participating plan for the first time. This feature empowers customers with the freedom of choice. Depending on their financial goals, customers can now select the level of income, the duration of income, and customize their cash flow. This level of flexibility, combined with our consistent track record, gives me confidence that our new savings plan will hold a significant place in our customers’ financial portfolios.”
