Bajaj Allianz Life Insurance coverage has launched VEER – a devoted initiative for the Defence and Central Armed Police Forces (CAPF), which can allow them to financially safe their households. As a part of this new enterprise channel, the corporate will provide progressive life insurance coverage options and unique providers for the nation’s bravehearts to allow them to get their long-term life objectives performed.
Commenting on the initiative, Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life Insurance coverage, mentioned, “The defence forces kind the spine of the nation as they threat their lives to guard the residents even in opposed conditions. VEER is our endeavour to not simply thank them for his or her selfless providers, but additionally create consciousness about life insurance coverage and assist them obtain their life objectives. Together with value-packed life insurance coverage merchandise, we can even provide them unique providers that can assist them create a monetary security internet for his or her households.”
The corporate will provide Bajaj Allianz Life Assured Wealth Purpose – Wealth Creation via VEER for the Defence and CAPF. It is a non-linked, non-participating, particular person, life insurance coverage financial savings plan, which affords assured earnings for securing one’s life objectives similar to kids’s greater schooling or marriage, overseas trip, constructing a home, and so on.
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Key options of VEER channel:
* Flexibility to pay coverage premium on a month-to-month foundation
* Assured lumpsum quantity (on choose product variants) on the finish of the coverage time period
* Gives cowl for struggle & war-like conditions
* Unique providers similar to minimal documentation, prompt coverage issuance, and no medical checks
* Self-servicing digital belongings for faster customer support
Moreover, as a part of the VEER initiative, Bajaj Allianz Life Insurance coverage goals to empower retired Armed Companies personnel and Veer Naaris (struggle widows) by offering profession alternatives to them throughout the corporate’s places of work.