Mumbai, Nov 20: Bajaj Allianz Life Insurance Company Limited has introduced 'Bajaj Allianz Capital Shield', an insurance product that guarantees to bring investors the investment and tax benefits.
Speaking to mediapersons here today, the Company CEO Kamesh Goyal said, ''Providing to our investors is very important and with Bajaj Allianz capital shield we hoped that our investors' trust increases on us. Capital shield provides five times life cover and providers advantage of double tax benefits under section 80 C and 10 (10) D. This five-year single premium product completely safeguards our customer's investment and gives a win-win situation to them.'' ''The investor can invest a minimum of Rs 25,000 per single policy for five years and then start withdrawing after a period of three years. The company has appointed around 2.5 lakh agents across the country and the agent will get commission of about two per cent per policy,'' Mr Goyal said.