About Bajaj Allianz New Family Gain Policy :
Bajaj Allianz Company Introduced New Policy that is New family gain policy. In this policy flexibility in investments for your changing needs.
Policy Introduction :
In this policy the investment risk in investment portfolio is borne by the policy holders. The thumb rule for buying insurance is that your insurance needs are minimal in your early earning years, increases with added responsibilities (Marriage, Children, Loans etc.,) and taper off by the time you retire. It is difficult to find a single insurance plan that can take care of all your changing requirements in life additional protection, more money to invest, sudden requirement of cash or a steady post retirement income.
With Bajaj Allianz New Family Gain, you can invest in one life insurance plan that can take care of all your changing requirements. This plan has been designed to provide you with maximum flexibility, so that you do not have to worry about your changing needs.
Key Features of the New Family Gain Plan are :
It is a unit linked endowment type plan with a minimum term of 10 years and maximum maturity age 70 years.
Guaranteed death benefit : Sum assured plus fund value of units.
You have the option to choose a host of additional rider benefits : UL Accidental Death Benefit, UL Accident Permanent Total / Partial Disability Benefit.
It provides you with an easy, regular contribution mechanism to assist you in accumulating funds.
You can select an investments strategy to grow the funds contributed.
Choice of 7 investment funds today with flexible investment management : you can change funds at any time and also invest in the newer funds that would be introduced from time to time.
How does Policy work :
Premiums are invested in a funds of your choice. The value of your policy is the total value of units that you hold in the funds. The insurance cover charges, policy administration charges and the additional rider benefit charges are deducted through monthly cancellation of units. The fund management charge is priced in the unit value.
Sum Assured :
You can choose a sum assured that you want in the new family gain plan.
Maximum Sum Assuared = 5 times of annualised premium. Maximum sum assured is term times of annualised Premium.
Benefits Under the Plan :
Death Benefit : as per the policy terms and conditions.
Maturity Benefit : On maturity the NAV of units in the fund will be paid out and the policy will terminate.
Additional Rider Benefits in this policy :
UL Accidental Death Benefit. UL Accidental Permanent Total and partial disability benefits.
Investment Options :
You have a 7 fund choices.
Pure stock fund Risk Profile is Very High, Equity Index Fund II – Risk profile is High, Bond fund – risk profile-Moderate, Liquid fund – risk profile – low, Asset Allocation fund risk profile high, Accelerator Mid-cap fund-risk profile-very high, Equity Growth Fund – Risk Profile – Very High.
Fund Value : The Fund value is equal to the number of units under this policy multiplied by the unit price on the relevant valuation date.
Example : Your Age is 40, Premium Rupees is 10,000 and Policy term is 10 times, sum assured is 50,000, your fund value from 6% that is 112687 from 10% fund value is 139790.
Other Facilities :
Computation of NAV, Appropriation Price is applied, Expropriation Price is applied, Apportionment of Investment, Flexibility to manage your investments, flexibility to pay top ups, Patial withdrawal options.
Premium Payment Mode :
They are provided 3 premium payment modes that can be yearly, Half-yearly and Quarterly. Monthly premium payment mode with salary deduction schemes or ECS. Minimum Topup Rs.1000/-.
Fund Access Loans :
Loan facility is not available under this policy.
Grace Period : A grace period of 30 days for the yearly and half yearly and quarterly modes and of 15 days of the monthly mode is allowed for this policy. Free look period is for 15 days.
Termination of Policy :
The policy will terminate on occurrence of any one of the following :
The units in the policy are fully surrendered. The fund value less surrender charge, if any, falls to an amount equivalent to one annual premium provided regular premiums have been paid for 3 full years. The death of the life assured. On maturity, unless the policy holder has not opted for settlement option. The expiry of the period for the settlement option.
Tax Benefits :
As per the current tax laws section 80C of the Income Tax Act, Partial Withdrawals, Surrender Value, Death Benefit and Maturity Benefit are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
Nomination : Nomination can be made for receiving policy proceeds in case of death.
Charges Under the Plan :
Policy Administration Charge.
Fund Management Charges.
Switching Charges.
Premium Allocation Charges.
Mortality Charges.
Surrender Charges.
Miscellaneous Charges.
Charges for additional Rider benefits.
Revision of Charges.
These are the details of BAJAJ ALLIANZ New Family Gain Policy, if you want to purchase this policy please contact the your nearest BAJAJ ALLIANZ Life Insurance Policy Center. If you are decided to purchase this policy please contact mobile No.+91-98860-43598. (in Karnataka).
Bajaj Allianz Company Introduced New Policy that is New family gain policy. In this policy flexibility in investments for your changing needs.
Policy Introduction :
In this policy the investment risk in investment portfolio is borne by the policy holders. The thumb rule for buying insurance is that your insurance needs are minimal in your early earning years, increases with added responsibilities (Marriage, Children, Loans etc.,) and taper off by the time you retire. It is difficult to find a single insurance plan that can take care of all your changing requirements in life additional protection, more money to invest, sudden requirement of cash or a steady post retirement income.
With Bajaj Allianz New Family Gain, you can invest in one life insurance plan that can take care of all your changing requirements. This plan has been designed to provide you with maximum flexibility, so that you do not have to worry about your changing needs.
Key Features of the New Family Gain Plan are :
It is a unit linked endowment type plan with a minimum term of 10 years and maximum maturity age 70 years.
Guaranteed death benefit : Sum assured plus fund value of units.
You have the option to choose a host of additional rider benefits : UL Accidental Death Benefit, UL Accident Permanent Total / Partial Disability Benefit.
It provides you with an easy, regular contribution mechanism to assist you in accumulating funds.
You can select an investments strategy to grow the funds contributed.
Choice of 7 investment funds today with flexible investment management : you can change funds at any time and also invest in the newer funds that would be introduced from time to time.
How does Policy work :
Premiums are invested in a funds of your choice. The value of your policy is the total value of units that you hold in the funds. The insurance cover charges, policy administration charges and the additional rider benefit charges are deducted through monthly cancellation of units. The fund management charge is priced in the unit value.
Sum Assured :
You can choose a sum assured that you want in the new family gain plan.
Maximum Sum Assuared = 5 times of annualised premium. Maximum sum assured is term times of annualised Premium.
Benefits Under the Plan :
Death Benefit : as per the policy terms and conditions.
Maturity Benefit : On maturity the NAV of units in the fund will be paid out and the policy will terminate.
Additional Rider Benefits in this policy :
UL Accidental Death Benefit. UL Accidental Permanent Total and partial disability benefits.
Investment Options :
You have a 7 fund choices.
Pure stock fund Risk Profile is Very High, Equity Index Fund II – Risk profile is High, Bond fund – risk profile-Moderate, Liquid fund – risk profile – low, Asset Allocation fund risk profile high, Accelerator Mid-cap fund-risk profile-very high, Equity Growth Fund – Risk Profile – Very High.
Fund Value : The Fund value is equal to the number of units under this policy multiplied by the unit price on the relevant valuation date.
Example : Your Age is 40, Premium Rupees is 10,000 and Policy term is 10 times, sum assured is 50,000, your fund value from 6% that is 112687 from 10% fund value is 139790.
Other Facilities :
Computation of NAV, Appropriation Price is applied, Expropriation Price is applied, Apportionment of Investment, Flexibility to manage your investments, flexibility to pay top ups, Patial withdrawal options.
Premium Payment Mode :
They are provided 3 premium payment modes that can be yearly, Half-yearly and Quarterly. Monthly premium payment mode with salary deduction schemes or ECS. Minimum Topup Rs.1000/-.
Fund Access Loans :
Loan facility is not available under this policy.
Grace Period : A grace period of 30 days for the yearly and half yearly and quarterly modes and of 15 days of the monthly mode is allowed for this policy. Free look period is for 15 days.
Termination of Policy :
The policy will terminate on occurrence of any one of the following :
The units in the policy are fully surrendered. The fund value less surrender charge, if any, falls to an amount equivalent to one annual premium provided regular premiums have been paid for 3 full years. The death of the life assured. On maturity, unless the policy holder has not opted for settlement option. The expiry of the period for the settlement option.
Tax Benefits :
As per the current tax laws section 80C of the Income Tax Act, Partial Withdrawals, Surrender Value, Death Benefit and Maturity Benefit are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
Nomination : Nomination can be made for receiving policy proceeds in case of death.
Charges Under the Plan :
Policy Administration Charge.
Fund Management Charges.
Switching Charges.
Premium Allocation Charges.
Mortality Charges.
Surrender Charges.
Miscellaneous Charges.
Charges for additional Rider benefits.
Revision of Charges.
These are the details of BAJAJ ALLIANZ New Family Gain Policy, if you want to purchase this policy please contact the your nearest BAJAJ ALLIANZ Life Insurance Policy Center. If you are decided to purchase this policy please contact mobile No.+91-98860-43598. (in Karnataka).
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