Mumbai: Allianz Bajaj Life Insurance has launched InvestGain, a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum.

The most significant benefit of Investgain is the monthly family income benefit. This benefit:

• Sustains the family by compensating the loss of income due to death or accidental permanent disability by paying 1 per cent of the sum-assured every month.
  
• Is guaranteed for a minimum period of 10 years, which allows the family to cope with the loss of regular income.

“This product is the first-of-its-kind in the Indian insurance market, and offers several other unique features,” says Allianz Bajaj CEO James Walton.

The InvestGain Plan is available in four packages offering protection up to four times the basic sum assured:

• Allianz Bajaj InvestGain Economy: the basic plan
  
• Allianz Bajaj InvestGain Gold: with double protection
  
• Allianz Bajaj InvestGain Diamond: with triple protection
  
• Allianz Bajaj InvestGain Platinum: with quadruple protection

Moreover, the plan participates in the profits of the company and, therefore, grows with time.

Apart from the family income benefit, InvestGain plan also offers several other benefits for total protection against uncertainties of life, like:

• Comprehensive accidental protection benefit
  
• Critical illness benefit
  
• Hospital cash benefit
  (These benefits can be selected with each package.)

Besides regular premium terms, InvestGain is:

• Also available with limited premium payment option
  
• Has attractive high sum assured rebates
  
• Flexibility of options

This plan is arguably one of the most attractive endowment plans in the Indian market today.