Mumbai: Allianz
Bajaj Life Insurance Company, a joint venture of Bajaj Auto and
German insurance major
Allianz Insurance, has launched three life insurance products in
the Indian market.
The products: Save Care,
an endowment policy; Cash Care, a money-back policy; Life Time
Care, a life policy. Each of these policies will also have, at an
extra premium, riders like additional cover and health.
Allianz Bajaj Life
Insurance advisor Dr PS Pritam said his company has employed both
innovative pricing and marketing strategies. Our premium chart
will be much lower than that of other market players.
All the three products
are profit-based and are available in four variations. The brand
message of the products will be Care, and all the branch
offices will be termed as customer-care centres.
According to Pritam, all
the products have supplementary death covers. They are basic
risk cover, double cover, triple cover and quadruple cover, we
being the first company to offer the latter facility. We intend to
offer the best possible yields to our policy-holders - this would
be done by investing judiciously in the right instruments.
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