About Policy :
Bajaj Allianz Insurance Company Limited introduced, the new policy released that is related to market that is Max Gain Insurance Plan.
Insurance Details :
Bajaj Allianz Max Gain Insurance Plan offers you the guarantee to encash your units at maturity at the highest unit price achieved by the fund over the 10 years term of your policy. You have the flexibility to pay your premium up to 7 years. Thus the product offers you the opportunity to get upside benefit of units price with complete downside protection from the fall in the equity market.
Benefits from Bajaj Allianz Max Gain policy :
Guaranteed highest unit price at maturity.
Refund of allocation charges upto 350% of total allocation charges deducted till maturity as guaranteed addition at maturity.
Upto 100% allocation from 3rd policy year.
Flexibility of partial withdrawals.
Flexibility to increase / decrease your regular premiums to suit your changing needs.
Flexibility to pay unlimited top up premium.
Flexibility to add additional rider benefits for additional protection.
Bajaj Allianz Max Gain works :
Bajaj Allianz Max Gain is a simple to understand unit linked life insurance plan. Premiums paid by you, net of premium allocation charge, are invested sdin the fund offered under the product and units are allocated to your policy account at the prevailing units are allocated to your policy account at the prevailing unit price of the fund. The mortality charge, the policy administration charge and the rider premium charges are decuted monthly through cancellation of units at the prevailing unit price. Fund management charge is adjusted in the unit price. The maturity benefit is determined at the highest unit price achieved by the fund over the term of the policy times the total number of units held in your policy account and is paid as maturity value together with the Guaranteed addition. The guaranteed addition is a certain percentage of the total allocation charges deducted from the policy. The death benefits is higher of the fund value or the sum assured. The fund value at any point of time is the prevailing unit price multiplied by the number of units.
Death Benefits :
As per the policy terms.
Maturity Benefits :
On maturity, you will receive the fund value and the guaranteed addition. The fund value on maturity shall be determined at the highest unit price achieved by the fund over the term of your policy.
Additional Rider Benefits :
You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Max Gain.
UL Accidental Death Benefit.
UL Accidental Permanent Total / Partial Disability Benefit Riders.
Guaranteed Addition :
If your policy has not been terminated, we shall pay you guranteed addition at the maturity over the above the fund value for an amount equivalent to the following :
First years annual Premium Rs.25,000 – 99,999 and Guaranteed addition as a percentage of the total allocation charge 175%.
First years annual Premium Rs.100,000 – 249,999 and Guaranteed addition as a percentage of the total allocation charge 225%.
First years annual Premium Rs.250,000 and above and Guaranteed addition as a percentage of the total allocation charge 350%.
Fund Value.
Regular Premium Fund Value.
Top Up Premium Fund Value.
Unit Price.
Guaranteed Maturity Unit Price.
Details of the Plan :
Minimum Age at Entry in Max Gain plan 8 years.
Maximum Age at Entry in Max Gain plan 60 years.
Maximum Age at Maturity in Max Gain plan 18 years.
Minimum Policy term in Max Gain plan 70 years.
Maximum policy term in Max Gain plan 10 years.
Premium Payment Term of Max Gain plan 7 years.
Maximum Regular premium in this policy that is No Limits.
Minimum Top Up Premium is Rs.5,000.
Maximum Top Up premium amount is No Limits.
Minimum or maximum sum assured is 5 times annualized premium amount.
Days of Grace :
A grace period of 30 days for the yearly, half yearly and quarterly modes and of 15 days for the monthly mode is allowed under the policy.
Loan is not available under this plan.
In case the life assured commits suicide within one year of the date of commencement / revival of the policy, the amount payable would be the fund value.
Tax Benefits :
The premium paid are eligible for Tax under this plan benefits under section 80C of the Income Tax Act. Tax free under section 10(10)D of the Income Tax Act. The premiums for the critical Illness Benefits and the Hospital Cash Benefit will be eligible for Tax Exemption under Section 80D of the Income Tax Act.
And you have 15 days fee look period also.
If you want to purchase this policy please contact your nearest Bajaj Allianz Life Insurance Branch or contact me on : +91-98860-43598.
Bajaj Allianz Insurance Company Limited introduced, the new policy released that is related to market that is Max Gain Insurance Plan.
Insurance Details :
Bajaj Allianz Max Gain Insurance Plan offers you the guarantee to encash your units at maturity at the highest unit price achieved by the fund over the 10 years term of your policy. You have the flexibility to pay your premium up to 7 years. Thus the product offers you the opportunity to get upside benefit of units price with complete downside protection from the fall in the equity market.
Benefits from Bajaj Allianz Max Gain policy :
Guaranteed highest unit price at maturity.
Refund of allocation charges upto 350% of total allocation charges deducted till maturity as guaranteed addition at maturity.
Upto 100% allocation from 3rd policy year.
Flexibility of partial withdrawals.
Flexibility to increase / decrease your regular premiums to suit your changing needs.
Flexibility to pay unlimited top up premium.
Flexibility to add additional rider benefits for additional protection.
Bajaj Allianz Max Gain works :
Bajaj Allianz Max Gain is a simple to understand unit linked life insurance plan. Premiums paid by you, net of premium allocation charge, are invested sdin the fund offered under the product and units are allocated to your policy account at the prevailing units are allocated to your policy account at the prevailing unit price of the fund. The mortality charge, the policy administration charge and the rider premium charges are decuted monthly through cancellation of units at the prevailing unit price. Fund management charge is adjusted in the unit price. The maturity benefit is determined at the highest unit price achieved by the fund over the term of the policy times the total number of units held in your policy account and is paid as maturity value together with the Guaranteed addition. The guaranteed addition is a certain percentage of the total allocation charges deducted from the policy. The death benefits is higher of the fund value or the sum assured. The fund value at any point of time is the prevailing unit price multiplied by the number of units.
Death Benefits :
As per the policy terms.
Maturity Benefits :
On maturity, you will receive the fund value and the guaranteed addition. The fund value on maturity shall be determined at the highest unit price achieved by the fund over the term of your policy.
Additional Rider Benefits :
You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Max Gain.
UL Accidental Death Benefit.
UL Accidental Permanent Total / Partial Disability Benefit Riders.
Guaranteed Addition :
If your policy has not been terminated, we shall pay you guranteed addition at the maturity over the above the fund value for an amount equivalent to the following :
First years annual Premium Rs.25,000 – 99,999 and Guaranteed addition as a percentage of the total allocation charge 175%.
First years annual Premium Rs.100,000 – 249,999 and Guaranteed addition as a percentage of the total allocation charge 225%.
First years annual Premium Rs.250,000 and above and Guaranteed addition as a percentage of the total allocation charge 350%.
Fund Value.
Regular Premium Fund Value.
Top Up Premium Fund Value.
Unit Price.
Guaranteed Maturity Unit Price.
Details of the Plan :
Minimum Age at Entry in Max Gain plan 8 years.
Maximum Age at Entry in Max Gain plan 60 years.
Maximum Age at Maturity in Max Gain plan 18 years.
Minimum Policy term in Max Gain plan 70 years.
Maximum policy term in Max Gain plan 10 years.
Premium Payment Term of Max Gain plan 7 years.
Maximum Regular premium in this policy that is No Limits.
Minimum Top Up Premium is Rs.5,000.
Maximum Top Up premium amount is No Limits.
Minimum or maximum sum assured is 5 times annualized premium amount.
Days of Grace :
A grace period of 30 days for the yearly, half yearly and quarterly modes and of 15 days for the monthly mode is allowed under the policy.
Loan is not available under this plan.
In case the life assured commits suicide within one year of the date of commencement / revival of the policy, the amount payable would be the fund value.
Tax Benefits :
The premium paid are eligible for Tax under this plan benefits under section 80C of the Income Tax Act. Tax free under section 10(10)D of the Income Tax Act. The premiums for the critical Illness Benefits and the Hospital Cash Benefit will be eligible for Tax Exemption under Section 80D of the Income Tax Act.
And you have 15 days fee look period also.
If you want to purchase this policy please contact your nearest Bajaj Allianz Life Insurance Branch or contact me on : +91-98860-43598.
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