About Policy :
Bajaj Allianz Insurance Company Limited introduced this one policy in August-2010 that is related to protection to your money that is Max Advantage Insurance Plan. And this is completely based or depended on a unit link insurance plan.
Insurance Details :
Bajaj Allianz Max Advantage Insurance Plan minimum age of entry is 8 years and maximum 60 years, minimum 18 years and maximum 70 years for maturity, policy term is 10 years. Premium payment terms 5 to 7 years.
Rs.25,000 minimum per yearly premium term.
Premium payment Frequency Annual Only.
Maximum Regular Premium is Rs.2,00,000/-.
Minimum top up to premium is Rs.5,000 and Maximum top up premium amount is un limited.
Minimum sum assured 10 times of Annualized premium amount for below 45 years age. Minimum sum assured 7 times of Annualized premium amount for 45 years and above age.
Maximum sum assured as per 10 times of annualized premium amount.
Charges for Premium allocation :
1st Year premium 10%
2 to 5 year premium 3.75%.
Above 6 years 0%.
All top ups have a premium allocation charge of 2%.
Policy Administration Charges :
1st Policy year is NIL, 2nd onward 3% per annum of the annual premium amount. This charge will be deducted at each monthly anniversary by cancellation of units at the prevailing unit price.
Fund Management Charges :
1.25% for Max Gain Fund II
1.25% for Asset Allocation and Equity Index Fund II
0.95% for liquid fund and bonds Fund
This charge would be adjusted it unit price.
Guarantee Charges : The Guarantee charges of 0.25% per annum is applicable to Max Gain Fund II. This charge would be adjusted in the unit price.
Fund Access Loan : Loan is not available under this plan.
Switching charges are Nill, the plan offers unlimited free switches.
Discontinuance charges are as per policy terms and conditions.
Miscellaneious charges : Rs.100/- per transaction in respect of change in premium payment term, partial withdrawal or issuance of copy of policy document shall be charged.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge and guarantee charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80C and death benefit and surrender value are eligible for tax benefits under section 10(10)D of the Income Tax Act, 1961.
And you have 15 days fee look period also.
Key Features of Policy :
Highest unit price guaranteed at maturity for the investments held in the Max Gain Fund II.
Refund of 60% of total allocation charge at maturity as guaranteed addition.
Option to select premium payment term of 5 to 7 years at inception.
Option to change the premium payment term.
Additional sum assured in case of accidental death.
Choice of 5 investment funds to invest in as per your risk appetite.
Flexibility to pay unlimited top-up premium and make partial withdrawals.
Unlimited free switches in funds other than Max Gain Fund II.
If you are purchased this policy this policy option to buy multiple policies to have a better control on your investment. Advantages of Highest NAV is back with this policy, Maximum protection, Maximum Gain, Maximum Flexibilities in this policy.
If you want to purchase this policy please contact your nearest Bajaj Allianz Life Insurance Branch office or visit on www.bajajallianz.com or contact me on : +91-98860-43598.
Bajaj Allianz Insurance Company Limited introduced this one policy in August-2010 that is related to protection to your money that is Max Advantage Insurance Plan. And this is completely based or depended on a unit link insurance plan.
Insurance Details :
Bajaj Allianz Max Advantage Insurance Plan minimum age of entry is 8 years and maximum 60 years, minimum 18 years and maximum 70 years for maturity, policy term is 10 years. Premium payment terms 5 to 7 years.
Rs.25,000 minimum per yearly premium term.
Premium payment Frequency Annual Only.
Maximum Regular Premium is Rs.2,00,000/-.
Minimum top up to premium is Rs.5,000 and Maximum top up premium amount is un limited.
Minimum sum assured 10 times of Annualized premium amount for below 45 years age. Minimum sum assured 7 times of Annualized premium amount for 45 years and above age.
Maximum sum assured as per 10 times of annualized premium amount.
Charges for Premium allocation :
1st Year premium 10%
2 to 5 year premium 3.75%.
Above 6 years 0%.
All top ups have a premium allocation charge of 2%.
Policy Administration Charges :
1st Policy year is NIL, 2nd onward 3% per annum of the annual premium amount. This charge will be deducted at each monthly anniversary by cancellation of units at the prevailing unit price.
Fund Management Charges :
1.25% for Max Gain Fund II
1.25% for Asset Allocation and Equity Index Fund II
0.95% for liquid fund and bonds Fund
This charge would be adjusted it unit price.
Guarantee Charges : The Guarantee charges of 0.25% per annum is applicable to Max Gain Fund II. This charge would be adjusted in the unit price.
Fund Access Loan : Loan is not available under this plan.
Switching charges are Nill, the plan offers unlimited free switches.
Discontinuance charges are as per policy terms and conditions.
Miscellaneious charges : Rs.100/- per transaction in respect of change in premium payment term, partial withdrawal or issuance of copy of policy document shall be charged.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge and guarantee charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80C and death benefit and surrender value are eligible for tax benefits under section 10(10)D of the Income Tax Act, 1961.
And you have 15 days fee look period also.
Key Features of Policy :
Highest unit price guaranteed at maturity for the investments held in the Max Gain Fund II.
Refund of 60% of total allocation charge at maturity as guaranteed addition.
Option to select premium payment term of 5 to 7 years at inception.
Option to change the premium payment term.
Additional sum assured in case of accidental death.
Choice of 5 investment funds to invest in as per your risk appetite.
Flexibility to pay unlimited top-up premium and make partial withdrawals.
Unlimited free switches in funds other than Max Gain Fund II.
If you are purchased this policy this policy option to buy multiple policies to have a better control on your investment. Advantages of Highest NAV is back with this policy, Maximum protection, Maximum Gain, Maximum Flexibilities in this policy.
If you want to purchase this policy please contact your nearest Bajaj Allianz Life Insurance Branch office or visit on www.bajajallianz.com or contact me on : +91-98860-43598.
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