Bajaj Allianz ULIP Plans

Bajaj Allianz ULIP Plans

by Editor

Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance Company is a joint venture between a European fiscal services company Allianz SE and Bajaj Finserv Ltd, which was a part of Bajaj Auto Limited earlier, and now owned by Bajaj Group of India. It is one of the leading private insurance providers of India and offers a wide range of insurance products for financial security and planning.

Mr Tarun Chugh is the Chief Executive Officer and the Managing Director of the company.

Bajaj Allianz Life Insurance was incorporated on March 12, 2001. Headquartered in Pune, India, it has 759 branches across the country. Insurance Regulatory and Development Authority (IRDA) of India gave a certificate of registration on August 3, 2001, to conduct the Life Insurance business in the country.

About Bajaj Allianz ULIPs (Unit Linked Insurance Plans):

Unit Linked Insurance Plans (ULIPs) are pioneering life insurance policies that offer insurance buyers with trio benefits of comprehensive generous tax benefits, lucrative investment opportunities and life cover.

Bajaj Allianz ULIP plans are one of the best ULIP plans in India. ULIP plans by Bajaj Allianz have astounding features and several benefits. Bajaj Allianz ULIP plans are one of the best investment avenues for any person seeking wealth generation, save taxes, and enjoy a comprehensive life cover at the same time.

Bajaj Allianz ULIP Plans Overview

Bajaj Allianz Life Insurance Company, not to be confused with Bajaj Allianz general insurance company, is a joint venture between Allianz SE and Bajaj Finserv Ltd. Bajaj Allianz Life Insurance Company Limited has a perfect blend of local experience with global expertise. It offers comprehensive life insurance plans in India at competitive premiums. Bajaj Allianz life insurance customer care is customer oriented that offers best customer care service.

Bajaj Allianz ULIP plans

Listed below are the Bajaj Allianz ULIP plans:

Name of the PlanMaximum Sum AssuredFund OptionsFree Switches
Bajaj Allianz Life Goal Assure PlanHigher of the 10 times the Annualised Premium8Unlimited
Bajaj Allianz Future Gain Plan10-15 times of the Annualised Premium7Unlimited
Bajaj Allianz Fortune Gain10 times of the Annualised Premium7
Bajaj Allianz Life Principal Gain Plan10 times of the Annualised Premium
Bajaj Allianz Life Goal Based Saving PlanHigher of the 10 times Annualised Premium8
Bajaj Allianz Future Wealth Gain Plan
Age (in years)Multiplier
0-2540
26-3530
36-4020
41-4415
45 and aboveHigher of the 10 times Annual Premium
2Unlimited

Bajaj Allianz Life Goal Assure Plan

Offered by Bajaj Allianz life insurance company limited, Bajaj Allianz Life Goal Assure is a ULIP formulated for the accomplishment of investor’s life goals. It’s an individual, non-participating, regular and limited premium ULIP i.e. Unit-Linked endowment plan. The plan offers a golden opportunity to plan ‘once in a lifetime’ experiences without any stress. Bajaj Allianz ULIP offers various benefits and protection from the 1st day of the policy issuance.

Features of Bajaj Allianz Life Goal Assure Plan

Here are the features of the plan:

Return Enhancer

The plan offers the option to receive maturity benefit in instalments with the help of return enhancer.

Choice of funds

The plan offers a choice of eight fund options.

Choice of portfolio strategies

The plan offers a choice of four investment portfolio strategies.

The flexibility of decreasing the sum assured

The plan comes with the flexibility to decrease the assured sum.

The flexibility of changing the premium payment term

The plan comes with the flexibility to change the tenure of premium payment as per policyholder’s preference.

Loyalty add-ons

The plan offers loyalty add-ons if the policy is continued till the end of the maturity. The benefit is applicable for plans having an annualized premium of Rs. 5 Lakh and above and the policy tenure of 10 years or above.

Lock-in period

The unit-linked insurance plans don’t offer liquidity during the first 5 years of the plan. The insured can withdraw the invested money in unit-linked insurance plans partially or completely from 6th policy year onwards.

Eligibility of Bajaj Allianz Life Goal Assure Plan

MinimumMaximum
Entry Age060 years
Maturity AgeNA75 years
Policy Term5 years20 years
Premium AmountRs. 3, 000Rs. 36, 000
Sum Assured(<45 years) – Higher of the 10 times the Annual Premium

(>45 years) – Higher of the 10 times the Annual Premium

5 & 10 – Higher of the 10 times the Annual Premium

15 & 20 – Higher of the 10 times the Annual Premium

Premium Payment Term (PPT)5 years20 years
Premium Payment FrequencyMonthly, Quarterly, Semi-annually, Annually

Benefits of Bajaj Allianz Life Goal Assure Plan

Here are the benefits of Bajaj Allianz ULIP:

Death Benefit

If a policyholder passes away before the date of maturity, the death benefit shall be paid out to the policyholder’s nominee as per following:

The higher of the assured sum or fund value of regular premium in addition with the higher value of the sum assured for top-up or fund value of a top-up premium, if applicable.

Maturity Benefit

The maturity benefit under the plan will be the fund value of regular premium along with the fund value of top-up premium (if any) as on the date of maturity.

Loyalty Additions

From 6th policy year onwards, the insurance provider will offer loyalty additions up to 1.5 per cent to the fund value of regular premium.

Fund Booster

At the end of policy tenure, fund booster up to 60 per cent shall be added to the fund value of regular premium. The benefit is applicable for policy tenure of 10 years or above.

Return of Mortality Charge

By the end of the policy tenure, the total deducted mortality charges for providing life cover throughout the plan tenure shall be credited as ROMC benefit to the fund value of regular premium and fund value for top-up premium (if applicable).

Note- the ROMC benefit is not applicable for a discontinued, paid-up or surrendered policy.

Bajaj Allianz Future Gain Plan

Bajaj Allianz Future Gain is a ULIP i.e. a Unit linked endowment plan, non-participating, limited and regular premium plan. Bajaj Allianz ULIP plans offer the highest returns on investment of and utilize every single invested Rupee for the future gains.

Features of Bajaj Allianz Future Gain Plan

Here are the features of the Bajaj Allianz ULIP:

Various Fund Options

The plan comes with seven fund options to fulfil various investment expectations of various investors.

Partial Withdrawals

The plan comes with a facility for making partial withdrawals from the funds.

Maximum premium allocation

The plan comes with a maximum premium allocation that ensures that the invested amount is utilized to achieve the goal of maximum wealth generation.

Dual Investment Portfolio Strategies

The plan comes with two investment portfolio strategies. The policyholder can select a portfolio strategy on the basis of his/her investment expectations.

Top-up Premium

In case the policyholder needs to avail a top-up, he/she can select it as per his/her investment needs.

Life cover

The plan provides life cover.

Additional riders

The plan comes with the facility of enhancing the basic insurance coverage with additional riders.

The flexibility of altering the frequency of premium payment

The plan comes with the flexibility of altering the frequency of premium payment. The policyholder can avail this facility as per his/her finances.

The flexibility of decreasing the sum assured

The plan comes with the flexibility to decrease the assured sum.

Settlement option

The plan comes with the option of availing maturity benefit in instalments.

Eligibility of Bajaj Allianz Future Gain Plan

MinimumMaximum
Entry Age1 year60 years
Maturity Age18 years70 years
Policy Term10 years30 years
Premium AmountRs. 2, 500 – Rs. 25, 000Rs. 1, 00, 000 – Rs. 12, 00, 000
Sum Assured(<45 years) – Higher of the 10 times the Annual Premium

(>45 years) – Higher of the 10 times the Annual Premium

10-15 times the Annual Premium
Premium Payment Term (PPT)5 years30 years
Premium Payment FrequencyMonthly, Quarterly, Semi-annually, Annually

Maturity Benefit

The maturity benefit under the plan will be the fund value of regular premium along with the fund value of top-up premium (if any) as on the date of maturity.

Death Benefit

If a policyholder passes away before the date of maturity, one-time payment shall be paid out to the policyholder’s nominee as per following:

The higher of the assured sum or fund value of regular premium in addition with the higher value of the sum assured for top-up premium or fund value of a top-up premium, if applicable.

Note- the DB i.e. death benefit is subjected to the GDB i.e. guaranteed death benefit, that is 105 per cent of the total paid premiums including paid top-up premiums, if applicable.

Death before 60 years of age

In case the policyholder passes away before 60 years of age, the assured sum will be decreased in case the funds are partially withdrawn from the fund of regular premium during the period of two years before the date of death of the insured.

Death after 60 years of age

In case the policyholder passes away after 60 years of age, the assured sum will be decreased in case the funds are partially withdrawn from the fund of regular premium during the period of two 2 before attaining 60 years of age and all the funds are partially withdrawn after attaining 60 years of age.

Top Up

In case the funds are partially withdrawn from the top-up fund, no deductions will be applicable to the ULIP offered by Bajaj insurance.

Tax Benefit

Tax benefits shall be applicable to the paid premiums, surrender value, death benefit, and maturity benefit as per the applicable Income Tax Act.

Bajaj Allianz Fortune Gain

Bajaj Allianz Fortune Gain is an individual, non-participating plan that provides maximum gains to the policyholder by ensuring minimal deductions. It is a single premium ULIP i.e. unit-linked endowment plan. Bajaj Allianz ULIP plans to ensure that investor’s money is optimally utilized for wealth generation. The insurance buyers can conduct a Google search by typing Bajaj Allianz return calculator and calculate the estimated returns on investment.

Features of Bajaj Allianz Fortune Gain Plan

Here are the features of the Bajaj Allianz ULIP.

Switching

The plan comes with an option to avail systematic switching in order for the better management of the investments.

Various Fund Options

The plan comes with seven fund options to fulfil various investment expectations of various investors.

Premium Allocation Charges

For the single premium plan for 10 Lakh and more, the plan comes with premium allocation up to up to 99.5 per cent.

Top-up Premium

In case the policyholder needs to avail a top-up, he/she can select it as per his/her investment needs.

The flexibility of decreasing the sum assured

The plan comes with the flexibility to decrease the assured sum.

Partial Withdrawals

The plan comes with a facility for making partial withdrawals from the funds.

Settlement option

The ULIP offered by Bajaj insurance comes with the option of availing maturity benefit in instalments.

Eligibility of Bajaj Allianz Fortune Gain Plan

MinimumMaximum
Entry Age1 year63 years
Maturity Age18 years70 years
Policy Term7 years30 years
Premium AmountRs. 50, 000No limit
Sum Assured(<45 years) – 1.25 times the single premium

(>=45 years) – 1.1 times the single premium

10 times the Annual Premium
Premium Payment FrequencySingle

Benefits of Bajaj Allianz Fortune Gain Plan

Here are the benefits of the plan.

Surrender Benefit

The plan comes with ease of surrendering at any point of Here are the surrender details.

For First 5 Policy Years

At the time of surrendering during the first 5 years i.e. lock-in period, surrender/ discontinuance fee and the fund value of top-up premium (if applicable) will be deducted from the fund value of a single premium, and the balance amount will be credited as surrender value.

After the First 5 Policy Years

At the time of surrendering after the first 5 years, the surrender value shall be the fund value of single premium and fund value of the top-up premium, if applicable.

Loyalty Add-ons

The plan offers loyalty add-ons up to 3 per cent that shall be credited to the fund value of the policyholder at the time of maturity.

Maturity Benefit

The maturity benefit under the plan will be the fund value of single premium along with the fund value of top-up premium (if any) as on the date of maturity.

Death Benefit

If a policyholder passes away before the date of maturity, one-time payment subject to GDB i.e. guaranteed death benefit shall be paid out to the policyholder’s nominee as per following:

The higher of the assured sum or fund value of single premium in addition with the higher value of the sum assured for top-up premium or fund value of a top-up premium, if applicable.

Note-The DB i.e. death benefit under ULIP offered by Bajaj insurance is subjected to the GDB i.e. guaranteed death benefit, that is 105 per cent of the total paid premiums including paid top-up premiums, if applicable.

Death before 60 years of age

In case the policyholder passes away before 60 years of age, the assured sum will be decreased in case the funds are partially withdrawn from the fund of single premium during the period of two years before the date of death of the insured.

Death after 60 years of age

In case the policyholder passes away after 60 years of age, the assured sum will be decreased in case the funds are partially withdrawn from the fund of single premium during the period of two 2 before attaining 60 years of age and all the funds are partially withdrawn after attaining 60 years of age.

Top Up- In case the funds are partially withdrawn from the top-up fund, no deductions will be applicable.

Bajaj Allianz Life Principal Gain Plan

It is an individual, non-participating, limited and regular premium ULEP, i.e. unit linked endowment plan. Bajaj Allianz ULIP plans offer a variety of investment benefits.

Features of Bajaj Allianz Life Principal Gain

Here are the features of the plan:

Guaranteed Loyalty Add-ons

The plan offers guaranteed loyalty add-ons at the time of maturity.

Triple benefit

It offers the triple benefits of life cover, potential high returns on investment and principal protection.

Settlement Option

The plan comes with an option to receive maturity benefit on an instalment basis.

Variety to Choose from

The plan comes with various premium payment periodicity and policy tenures.

Eligibility of Bajaj Allianz Life Principal Gain Plan

MinimumMaximum
Entry Age7 years60 years
Maturity Age18 years70 years
Policy Term7 years15 years
Premium AmountRs. 2,000 (monthly)

Rs. 15,000 (yearly)

Rs. 1,00,000 Annual Premium
Sum Assured10 times of the Annual Premium
Premium Payment FrequencyMonthly and Annually

Benefits of Bajaj Allianz Life Principal Gain Plan

Here are the benefits of the ULIP offered by Bajaj insurance:

Guaranteed Loyalty Add-ons

In case a policyholder has paid premiums for a minimum time period of five years, GLA up to 15 per cent of the yearly premium is paid credited to the value of value.

Maturity Benefit

At the time of maturity, the policyholder shall get receive higher:

The value of fund inclusive of GLA i.e. guaranteed loyalty additions or GMB guaranteed maturity benefit of 101 per cent of the total paid premiums.

Surrender Benefit

The plan comes with ease of surrendering at any point of Here are the surrender details.

For First 5 Policy Years

At the time of surrendering during the first 5 years i.e. lock-in period, surrender/ discontinuance fee and the fund value of top-up premium (if applicable) will be deducted from the fund value of, and the balance amount will be credited as surrender value.

After the First 5 Policy Years

At the time of surrendering after the first 5 years, the surrender value shall be the fund value.

Death Benefit

In case an insured passes away during the policy tenure, the payable DB is higher of the following.

1: Fund value

2: Sum assured

3: Guaranteed Death Benefit at the rate of 105 per cent of the total paid premiums.

Bajaj Allianz Life Goal Based Saving Plan

It is a new age ULIP that offers an investment opportunity. Bajaj Allianz Life Goal Based Saving helps to gain investment benefits at an affordable premium. Bajaj Allianz ULIP plans are formulated to fulfil various investment expectations of the various investors. The plan is one of the best goal-oriented investments available in the investment market.

Features of Bajaj Allianz Life Goal Based Saving Plan

Here are the features of the plan.

Flexible Premium Payment Term

The plan comes with single, regular and limited premium payment term. It offers much-needed flexibility to the insurance buyer.

Top-up Premium

In case the policyholder needs to avail a top-up, he/she can select it as per his/her investment goals.

The flexibility of altering the frequency of premium payment

The plan comes with the flexibility of altering the frequency of premium payment. The policyholder can avail this facility as per the availability of finances.

Various Fund Options

The plan comes with eight fund options to fulfil various investment expectations of various investors.

ROMC

The plan comes with the option of return of morality charges. This feature is offered exclusively for limited and regular premium plans.

Partial Withdrawals

The plan comes with a facility for making partial withdrawals from the funds.

The flexibility of decreasing the sum assured

The plan comes with the flexibility to decrease the assured sum. This feature is offered exclusively for single premium plans.

Settlement option

The policyholder can opt to get the maturity benefit payout on an instalment. Additionally, the plan comes with return enhancer settlement option that offers an extra hike of 0.5 per cent per instalment.

Eligibility for Bajaj Allianz Life Goal Based Saving Plan

For Limited/Regular Premium

MinimumMaximum
Entry Age0 year60 years
Maturity Age18 years75 years
Policy Term5 years20 years
Premium AmountRs. 8334 (monthly)

Rs. 1,00,000 (Yearly)

According to the maximum SA and the Board approved Underwriting Policy
Sum Assured(<45 years) 10 times the Annual Premium

(>= 45 years) 10 times the Annual Premium

Premium Payment FrequencySingle, monthly, quarterly, semi-annually, and annually

For Single Premium

MinimumMaximum
Entry Age3 years60 years
Maturity Age18 years65 years
Policy TermAge BrandsMin. Policy TermMax. Policy Term
3-40 years5 years15 years
41-44 years5 years10 years
45-60 years5 years5 years
Premium AmountRs. 5,00,000According to the maximum SA and the Board approved Underwriting Policy
Sum Assured
AgeMinimumMaximum
<= 50 years10 times the Single Premium
< 50 years1.1 times the Single Premium5 times the Single Premium

Benefits of Bajaj Allianz Life Goal Based Saving Plan

Here are the benefits of the plan.

Maturity Benefit

The maturity benefit under the plan will be the fund value of single/ regular premium along with the fund value of top-up premium (if any) as on the date of maturity.

Death Benefit

If a policyholder passes away before the date of maturity, the death benefit shall be paid out to the policyholder’s nominee as per following:

For Single Premium

The higher of the assured sum or fund value of single premium in addition with the higher value of the sum assured for top-up or fund value of a top-up premium, if applicable.

For Limited/ Regular Premium

The higher of the assured sum or fund value of regular premium in addition with the higher value of the sum assured for top-up premium or fund value of a top-up premium, if applicable.

Discontinuance during the first five policy years

If a policyholder fails to pay the premium during the first five policy years, the discontinuance value of the fund shall be paid out as a death benefit.

Discontinuance after the first five policy years

If a policyholder fails to pay the premium after the first five policy years, and he/she has availed the option of converting the policy into paid-up with decreased paid-up assured sum, the payable death benefit shall be:

The higher of the paid-up assured sum or fund value of regular premium in addition with the higher value of the sum assured for top-up or fund value of a top-up premium, if applicable.

Tax Benefits

The plan offers tax benefit as per the applicable section under the Income Tax Act.

Bajaj Allianz Life Future Wealth Gain Plan

Life Future Wealth Gain is a ULIP insurance plan by Bajaj Allianz. It is an individual, non-participating, unit-linked limited/regular premium payment endowment plan. It has two variants namely, Wealth Plus Care and Wealth Plus. This plan provides the dual benefit of growth and protection to fulfil the wishes of the family of the policyholder.

Features of Bajaj Allianz Life Future Wealth Gain Plan

Bajaj Allianz Life Future Wealth Gain Plan has the following key features:

Waiting Period

This plan by Bajaj Allianz has 180 days of the waiting period. This period begins from the date of the beginning of the risk cover or from the recent date of policy revival, whichever happens soon after.

Policy Surrender

The investor can surrender this plan any time.

Fund Switching

  • This option is available only under the Investors Selectable Portfolio Strategy.
  • Unlimited fund switches are allowed.
  • The minimum fund switching amount is lower of (i). Value of the units in the fund, or (ii). Rs. 5,000.
  • The insured can switch funds among several funds as per their risk appetite and after intimating the insurance provider in writing for the same.

Partial Withdrawal

  • The investor can make a partial withdrawal for a sum not less than Rs. 5,000.
  • If the policy is in the name of a minor, partial withdrawal cannot be made until the minor attains an age of 18 years.
  • Only 2 partial withdrawals are allowed within one policy year.
  • Partial withdrawals can be made from the plan after the 5th year of the policy.
  • The maximum amount of partial withdrawal inclusive of the top-up premium should not be more than 10 per cent of the total paid premiums.
  • If the policyholder is a minor, then partial withdrawals cannot be done until the minor attains an age of 18 years.

Loyalty Additions

  • The amount of the loyalty additions will boost every 5 years subject to the payment of all the due premiums.
  • The loyalty additions that are a pre-determined of the annual premium, will be payable from the 10th year of the policy onwards at a regular interval of every 5 years of the policy.

Premium Appointment

  • The premium appointment facility is available only with the Investor Selectable Portfolio Strategy.
  • The least premium appointment to the fund should not be less than 5 per cent.
  • The percentage of top-up premium, as well as the regular premium to be invested in a fund, can be altered any time.

Option to Change the Premium Payment Frequency

The policyholder can choose to change the limited/regular premium payment frequency at any time, to other frequency, i.e. monthly, quarterly, and semi-annually or annually.

The factors of the premium payment frequency are mentioned in the table below:

ModeMonthlyQuarterlyHalf-yearlyYearly
Premium Frequency Factor1/121/41/21

Change Portfolio Strategy

  • The policyholders can switch between the two strategies of the portfolio at any anniversary of the policy.
  • Change in the strategy of the portfolio will be applied only after prior written notice of 30-days submission to the policy provider.
  • While switching from the Investor Selectable Portfolio Strategy to the Wheel of Life Portfolio Strategy, the new paid premium and the current funds must be assigned basis the ‘Years of Maturity’.
  • While switching from the Wheel of Life Portfolio Strategy to Investor Selectable Portfolio Strategy, the new paid premium and the current funds must be re-directed to a fund of the choice of the policyholder.

Fund Booster

  • A percentage of one annual premium that is added to Regular Premium Fund Value that is paid at the time of maturity of the plan.
  • This will be applied only if all the due premiums of the policy have been paid.
  • The policy doesn’t offer any Fund Booster on the top-up premiums paid or lapsed/paid-up/discontinued policies.

Free look period

A free look period of around 15 days will be given in order to review the terms and conditions of the plan. For the ones who have bought the policy through distance marketing channels, 30 days of free look period is granted.

Tax Benefits

The policyholder can avail tax benefits on the paid premium towards the plan, along with surrender benefit, maturity benefit, and death benefit as per the Income Tax Act provisions.

Variants of Bajaj Allianz Life Future Wealth Gain

Bajaj Allianz Life Future Wealth Gain has the following two variants:

Wealth Plus Variant

Wealth Plus Variant by Bajaj Allianz has the following benefits:

Maturity Benefits

The policyholder gets the Regular Premium Fund Value along with the Top-up Premium Fund Value.

Death Benefits

If all the due premiums are cleared, then, in the event of the unforeseen demise of the policyholder during the term of the policy, the death benefit is payable, higher of:

  1. Sum Assured + Top-up Sum Assured (if any), or
  2. Fund Value as on the date of receipt of the intimation of demise.

The death benefit is subject to the guaranteed benefit of about 105 per cent of the overall paid premiums, until the date of demise.

Additional Rider Benefits

The policy offers the following additional rider benefits under the ‘Wealth Plus’ variant:

  • Bajaj Allianz ULIP Accidental Partial/Permanent Total Disability Benefit Rider
  • Bajaj Allianz ULIP Accidental Death Benefit Rider
  • Bajaj Allianz ULIP Waiver of Premium Benefit Rider
Eligibility of Wealth Plus Variant
MinimumMaximum
Entry Age060 years (In case the policyholder opts for more than one rider, the maximum age is restricted to 50 years)
Maturity Age18 years75 years
Policy Term
Policy Term (in years)1015 to 25
Premium Payment Term5, 7, 105, 7, 10, 15
Premium Amount
Annual Rs. 50, 000
Half Yearly Rs. 30, 000
QuarterlyRs. 15, 0000
MonthlyRs.5, 000
As per the Board approved underwriting policy
Sum Assured(<45 years) – Higher of the 10 times the Annual Premium

(>=45 years) – Higher of the 10 times the Annual Premium

Age (in years)Multiplier
0-2540
26-3530
36-4020
41-4415
45 and aboveHigher of the 10 times Annual Premium
Premium Payment FrequencyMonthly, Quarterly, Semi-annually, Annually

Wealth Plus Care Variant

Wealth Plus Care Variant by Bajaj Allianz has the following benefits:

Maturity Benefits

Regular Premium Fund Value + Top-up Premium Fund Value are received by the policyholder on the date of maturity.

Death Benefits

In case all the due payments of the premiums are paid, then in the event of unforeseen demise or on the first diagnosis of cancer of the policyholder during the term of the policy, whichever happens, earlier, the benefit payable is:

  1. Sum Assured + Top-up Sum Assured, or
  2. Fund Value as on the date of receipt of the intimation of death
Additional Rider Benefits

The policy offers the following additional rider benefits under the ‘Wealth Plus Care’ variant:

  • Bajaj Allianz ULIP Accidental Partial/Permanent Total Disability Benefit Rider
  • Bajaj Allianz ULIP Accidental Death Benefit Rider
Eligibility of Wealth Plus Care Variant
MinimumMaximum
Entry Age18 years53 years – Premium Payment Term Combination of 10 or 5 years/ Policy Term

55 years for all the other combinations

Maturity Age28 years70 years
Policy Term
Policy Term (in years)1015 to 25
Premium Payment Term5, 7, 105, 7, 10, 15
Premium Amount
Annual Rs. 50, 000
Half Yearly Rs. 30, 000
QuarterlyRs. 15, 0000
MonthlyRs.5, 000
As per the Board approved underwriting policy
Sum Assured(<45 years) – Higher of the 10 times the Annual Premium*

(>=45 years) – Higher of the 10 times the Annual Premium

(<45 years) – 10 times of the Annual Premium*

(>=45 years) – 10 times the Annual Premium

Subject to the maximum sum assured of Rs. 1 Crore inclusive of Top-up sum assured
Premium Payment FrequencyMonthly, Quarterly, Semi-annually, Annually

Benefits of Bajaj Allianz Life Future Wealth Gain Plan

Bajaj Allianz Life Future Wealth Gain Plan has the following benefits:

Two Portfolio Strategies

At the time of the inception of the policy, the policyholder can select between two portfolio strategies, namely the Wheel of Life Portfolio Strategy and the Investor Selectable Portfolio Strategy.

Higher Sum Assured

The policyholder can get higher sum assured that will make sure that your family or loved ones are economically secure in case of any unfortunate event.

Settlement Option

The policyholder can opt for the maturity benefit in instalments by making use of this option. The benefit is paid for 5 years of the policy term on a yearly, half-yearly, quarterly or monthly basis.

 

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