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Bajaj Allianz Young Assure is a child plan which gives insurance protection and builds savings for the secured future of the child.


  • Traditional plan with bonus 
  • Guaranteed additions applicable
  • Premiums paid either for entire duration of the plan under regular premium payment option or for specified term under limited premium payment option
  • Flexible options for policy tenure and premium payment tenure 
  • The maturity benefit payable can be availed in three options which provide the benefit in installments over a specified duration.


  • Participative simple child plan
  • Accidental permanent total disability benefit part of plan
  • Tax benefit to insured under Section 80C for premiums paid and Section 10 (10D) for benefits received of Income Tax Act, 1961
  • Flexible plan with different premium paying frequency 
  • The option of lump sum benefit on maturity
  • Insured assured of guaranteed maturity benefit and guaranteed additions
  • Cash instalments available under 3 options
  • Female policyholders are provided special rates

Key Features


Traditional insurance plan


Death Benefit

Maturity benefit 

Accidental Permanent Total Disability Benefit

In the event of untimely death of the insured when the policy is still active, beneficiaries receive death benefits similar to sum assured, viz, 105% of total premiums paid till time of death. Additional bonus, if any is paid on maturity.

A maturity benefit equal to total of guaranteed maturity benefit, guaranteed additions, vested bonus and interim bonus is paid.

Policy will continue to accrue any guarantee additions and vested bonus to insured for any accidental permanent total disability of life insured.

Entry Age

Minimum Age (years)

Maximum Age (years)



Maturity Age

Minimum Age (years)

Maximum Age (years)



Sum Assured

10 times the annualised premium

Premium Tenure (years)

10, 15, 20

Premium Paying Term (PPT)

10-year tenure

15-year tenure

20-year tenure




Premium payment method



For guaranteed maturity benefit above Rs 1, 00,000, insured offered  premium rebate

Lapsed Policy Revival

Within 2 years of first unpaid premium by clearing all dues and providing proof of good health

Grace Period (days)

Yearly, half yearly and quarterly payment

Monthly payment



Surrender of Plan

Below 10 years

Above 10 years

Paying at least 1 full year’s premium for PPT 

Paying at least 2 full year’s premium for PPT

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