About Policy :
Bajaj Allianz Insurance Company Limited introduced the new policy that is Unit Linked Insurance Plan. In this policy, the investment risk in investment portfolio is borne by the policy holders.
Insurance Plan :
Bajaj Allianz Max Advantage Insurance Plan is a unique limited premium payment unit linked insurance plan (ULIP) that aims to maximise your benefits. The plan offers you an opportunity to invest in Max Gain Fund II which gives 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. Your investment in Max Gain fund II provides upside benefit of unit price with complete downside protection from the fall in the equity market.
Key Benefits :
The Plan offers you the key benefits of :
Highest unit price guaranteed at maturity for all the units 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.
Payment of an additional sum assured in case of accidental death.
Choice of 5 investment funds to invest in as per your risk appetite.
Flexibility to pay top up premium and make partial withdrawals.
Unlimited free switches in funds other than Max Gain Fund II.
Your money invested in Max Gain Fund II and Asset Allocation fund, Liquid Fund, Bond Fund, Equity index fund –II.
Death Benefits :
In case of policy holder death they shall pay the sum assured and the fund value to the nominee. The above an additional sum assured shall be payable if the cause of death is an accident.
Maturity Benefits :
On Maturity of you policy, you will receive the regular and top premium fund value under the Max Gain Fund II plus the regular and top premium fund value under all other funds plus the guaranteed addition. The regular and top premium fund value under the max gain fund II on maturity date shall be calculated at the highest unit price achieved by the fund during the term of the policy.
Guarantee :
If you have paid all due regular premiums, then at maturity we shall pay guaranteed addition to you for an amount equivalent to 60% of the total allocation charge in respect of regular premium.
Fund Value : Equal to the number of units under this policy multiplied by the respective unit price on the relevant valuation date.
Regular Premium Fund Value : Equal to the number of units pertaining to regular premium under this policy multiplied by the respective unit price on the relevant valuation date.
Top Up premium Fund Value : Is available as per rules.
Unit Price : Each fund is arrived at by dividing the net asset value of the fund by the number of units existing in the fund at the valuation date.
Discontinued policy fund : The fund maintained by the company to manage the proceeds of the discontinued policy as per the IRDA regulation 2010.
Valuation Date : Aim to Value the funds on each day the financial market are open. May value the funds less frequently in extreme circumstances, where the values of assets are too uncertain in such circumstances, we may defer the valuation of assets for up to 30 days until we feel that certainty as to the value of assets is resumed.
Flexibilities :
This plan provides you with the following flexibilities to suit your changing requirements
Option to make lump sum investment.
Switching Options.
Partial Withdrawal Options.
Premium Apportionments.
Option to change the premium paying terms.
Details of the Policy :
Minimum entry age is 8 years maximum is 60 years, minimum age of maturity is 18 and maximum is 70 years, policy terms are 10 years and premium payment terms are 5 to 7 years. Maximum Top up Premium amount is No limit, Maximum Sum Assured 10 times of annualized premium amount.
If you are unable to pay your regular premium before the expiry of the grace period then a notice will be sent to you within fifteen days after the expiry of the grace period. You can choose the options within 30 days of the receipt of such notice.
Pay all due regular premiums and revive the policy.
Discontinue the policy without any risk cover.
Revival : Revival or reinstatement of the discontinued policy is not allowed.
Days of Grace : A grace period of 30 days is allowed under the policy.
Termination Conditions :
This policy shall automatically terminate on the earlier occurrence of either of the following options :
The units in the policy are fully surrendered
Upon death of the life assured,
On maturity date,
Upon payment of discontinuance value.
Fund Access Loan :
Loan is not available under this policy plan.
Free Look Period :
As per the conditions 15 days of date of receipt of the policy.
Tax Benefits :
Premium paid are eligible for a tax benefits under section 80C and maturity benefit, death benefit and surrender value are eligible for tax benefits under section 10(10)D of the Income Tax Act subject to the provision stated therein.
If you want to purchase this policy please contact me on : +91-98860-43598.
Bajaj Allianz Insurance Company Limited introduced the new policy that is Unit Linked Insurance Plan. In this policy, the investment risk in investment portfolio is borne by the policy holders.
Insurance Plan :
Bajaj Allianz Max Advantage Insurance Plan is a unique limited premium payment unit linked insurance plan (ULIP) that aims to maximise your benefits. The plan offers you an opportunity to invest in Max Gain Fund II which gives 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. Your investment in Max Gain fund II provides upside benefit of unit price with complete downside protection from the fall in the equity market.
Key Benefits :
The Plan offers you the key benefits of :
Highest unit price guaranteed at maturity for all the units 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.
Payment of an additional sum assured in case of accidental death.
Choice of 5 investment funds to invest in as per your risk appetite.
Flexibility to pay top up premium and make partial withdrawals.
Unlimited free switches in funds other than Max Gain Fund II.
Your money invested in Max Gain Fund II and Asset Allocation fund, Liquid Fund, Bond Fund, Equity index fund –II.
Death Benefits :
In case of policy holder death they shall pay the sum assured and the fund value to the nominee. The above an additional sum assured shall be payable if the cause of death is an accident.
Maturity Benefits :
On Maturity of you policy, you will receive the regular and top premium fund value under the Max Gain Fund II plus the regular and top premium fund value under all other funds plus the guaranteed addition. The regular and top premium fund value under the max gain fund II on maturity date shall be calculated at the highest unit price achieved by the fund during the term of the policy.
Guarantee :
If you have paid all due regular premiums, then at maturity we shall pay guaranteed addition to you for an amount equivalent to 60% of the total allocation charge in respect of regular premium.
Fund Value : Equal to the number of units under this policy multiplied by the respective unit price on the relevant valuation date.
Regular Premium Fund Value : Equal to the number of units pertaining to regular premium under this policy multiplied by the respective unit price on the relevant valuation date.
Top Up premium Fund Value : Is available as per rules.
Unit Price : Each fund is arrived at by dividing the net asset value of the fund by the number of units existing in the fund at the valuation date.
Discontinued policy fund : The fund maintained by the company to manage the proceeds of the discontinued policy as per the IRDA regulation 2010.
Valuation Date : Aim to Value the funds on each day the financial market are open. May value the funds less frequently in extreme circumstances, where the values of assets are too uncertain in such circumstances, we may defer the valuation of assets for up to 30 days until we feel that certainty as to the value of assets is resumed.
Flexibilities :
This plan provides you with the following flexibilities to suit your changing requirements
Option to make lump sum investment.
Switching Options.
Partial Withdrawal Options.
Premium Apportionments.
Option to change the premium paying terms.
Details of the Policy :
Minimum entry age is 8 years maximum is 60 years, minimum age of maturity is 18 and maximum is 70 years, policy terms are 10 years and premium payment terms are 5 to 7 years. Maximum Top up Premium amount is No limit, Maximum Sum Assured 10 times of annualized premium amount.
If you are unable to pay your regular premium before the expiry of the grace period then a notice will be sent to you within fifteen days after the expiry of the grace period. You can choose the options within 30 days of the receipt of such notice.
Pay all due regular premiums and revive the policy.
Discontinue the policy without any risk cover.
Revival : Revival or reinstatement of the discontinued policy is not allowed.
Days of Grace : A grace period of 30 days is allowed under the policy.
Termination Conditions :
This policy shall automatically terminate on the earlier occurrence of either of the following options :
The units in the policy are fully surrendered
Upon death of the life assured,
On maturity date,
Upon payment of discontinuance value.
Fund Access Loan :
Loan is not available under this policy plan.
Free Look Period :
As per the conditions 15 days of date of receipt of the policy.
Tax Benefits :
Premium paid are eligible for a tax benefits under section 80C and maturity benefit, death benefit and surrender value are eligible for tax benefits under section 10(10)D of the Income Tax Act subject to the provision stated therein.
If you want to purchase this policy please contact me on : +91-98860-43598.
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