About Policy :
Bajaj Allianz Insurance Company Limited introduced the new policy in September-2010 that is related to money growth that is Shield Insurance Plan. And this is completely based or depended on a unit link insurance plan.
Insurance Details :
Bajaj Allianz Smart Insurance Plan III minimum age of entry is 8 years and maximum 65 years (18 years in case of additional rider benefits), minimum 18 years and maximum 75 years for maturity, policy term is 10 years.
Rs.25,000 minimum single premium per year, Maximum single premium is No Limits.
Minimum top up to premium is Rs.5,000.
Minimum sum assured as per age at entry is 8 to 44 years is 1.25 times single premium amount. Minimum sum assured as per age at entry 45-65 years is 1.10 times of single premium amount.
Maximum sum assured as per age at entry is 8 to 55 years is 5 times single premium amount. Minimum sum assured as per age at entry 56-65 years is 1.1 times of single premium amount.
Riders are Unlimited accidental death benefits.
Unlimited accidental permanent total or partial disability benefits.
Charges for Premium allocation :
Single premium is 3%
Top up premiums 2%
Policy Administration Charges :
Rs.6000 per annum, inflating at 1.90% of single premium for the first 5 policy years and 0.85% of single premium capped to Rs.6,000 per annum from the 6th policy year.
Fund Management Charges :
1.35% for Shield Plus Fund III
1.35% for Growth Plus Fund III
1.35% for Equity Growth Fund II
1.35% for Accelerator Mid Cap Fund II
1.35% for Pure Stock Fund
1.25% for Asset allocation Fund
1.25% for Bluechip equity Fund III
0.95% for Liquid Fund
0.95% for Bond Fund
above shown all fund management charges are related to per annum and it would be adjusted it unit price.
Fund Access Loan: Loan in not available under this plan.
Switching charges are Nill, the plan offers unlimited free switches.
Surrender Charges are also Nil.
Miscellaneous charges are like Rs.100 per transaction in respect of decrease in sum assured, partial withdrawal and issuance of copy of policy documents.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge and fund management charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80C 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 :
Single Premium plan with a fixed term of 10 years.
Choice of 9 investment funds to invest in as per your risk appetite including shield plus fund III.
Shield plus fund III offers guarantee of minimum unit price at maturity.
Refund of up to 6% of the single premium at maturity as guaranteed addition.
Flexibility to pay unlimited top-up premium and make partial withdrawals.
Flexibility to decrease your sum assured.
Unlimited free switches.
Optional additional rider benefits to enhance your protection.
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 the new policy in September-2010 that is related to money growth that is Shield Insurance Plan. And this is completely based or depended on a unit link insurance plan.
Insurance Details :
Bajaj Allianz Smart Insurance Plan III minimum age of entry is 8 years and maximum 65 years (18 years in case of additional rider benefits), minimum 18 years and maximum 75 years for maturity, policy term is 10 years.
Rs.25,000 minimum single premium per year, Maximum single premium is No Limits.
Minimum top up to premium is Rs.5,000.
Minimum sum assured as per age at entry is 8 to 44 years is 1.25 times single premium amount. Minimum sum assured as per age at entry 45-65 years is 1.10 times of single premium amount.
Maximum sum assured as per age at entry is 8 to 55 years is 5 times single premium amount. Minimum sum assured as per age at entry 56-65 years is 1.1 times of single premium amount.
Riders are Unlimited accidental death benefits.
Unlimited accidental permanent total or partial disability benefits.
Charges for Premium allocation :
Single premium is 3%
Top up premiums 2%
Policy Administration Charges :
Rs.6000 per annum, inflating at 1.90% of single premium for the first 5 policy years and 0.85% of single premium capped to Rs.6,000 per annum from the 6th policy year.
Fund Management Charges :
1.35% for Shield Plus Fund III
1.35% for Growth Plus Fund III
1.35% for Equity Growth Fund II
1.35% for Accelerator Mid Cap Fund II
1.35% for Pure Stock Fund
1.25% for Asset allocation Fund
1.25% for Bluechip equity Fund III
0.95% for Liquid Fund
0.95% for Bond Fund
above shown all fund management charges are related to per annum and it would be adjusted it unit price.
Fund Access Loan: Loan in not available under this plan.
Switching charges are Nill, the plan offers unlimited free switches.
Surrender Charges are also Nil.
Miscellaneous charges are like Rs.100 per transaction in respect of decrease in sum assured, partial withdrawal and issuance of copy of policy documents.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge and fund management charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80C 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 :
Single Premium plan with a fixed term of 10 years.
Choice of 9 investment funds to invest in as per your risk appetite including shield plus fund III.
Shield plus fund III offers guarantee of minimum unit price at maturity.
Refund of up to 6% of the single premium at maturity as guaranteed addition.
Flexibility to pay unlimited top-up premium and make partial withdrawals.
Flexibility to decrease your sum assured.
Unlimited free switches.
Optional additional rider benefits to enhance your protection.
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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