Bajaj Allianz launches new scheme for farmers

Mumbai, Mar 17: Bajaj Allianz Life Insurance today announced introduction of a super saver regular premium endowment plan, specially designed for rural and farmer's needs.

Under the scheme, the insured person would not only benefit from vested bonuses but also get guaranteed addition of four per cent of sum assured every year. The scheme also had an inbuilt accidental death benefit, which provided extra cover apart from life insurance, the Company in a release said. In the release, Allianz Country Manager Kamesh Goyal, who is also the CEO Bajaj Allianz Life Insurance said, ''Rural population and farmers will now not only get secure savings on maturity but also additional gains in the form of Additional Guaranteed Units and Vesting bonuses. It also has a unique feature of life cover remaining in-force even if one is unable to pay premiums for two years particularly suited for rural areas and farmers with income seasonality and swings.''

UNI