About Policy :
Bajaj Allianz Insurance Company Limited introduced the new policy in December-2010 that is related to health that is Smart Insurance Plan III. 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 1 years and maximum 60 years (18 years in case of additional rider benefits), minimum 18 years and maximum 75 years for maturity, policy term is 10, 15 and 20 years.
Rs.50,000 per yearly, half-yearly and quaterly installment and Rs.17,000 per monthly installments are available. Maximum regular premium is No Limits.
Minimum premium paying term is 6 years to maximum as per policy term.
Minimum top up to premium is Rs.5,000 and maximum is no limits.
minimum sum assured is below 45 years : 10 times annualized premium, 45 years and above 7 times annualized premium amount.
and policy term times annualized premium. if any rider has been opted then maximum sum assured shall be same as the minimum sum assured.
Charges for Premium allocation :
year 1 is 9%
year 2 to 5 is 6%
year 6 to 15 is 2%
year 16 onwards is 0%.
Policy Administration Charges :
Rs.480 per annum, inflating at 5% per annum. This charge will be deducted at each monthly anniversary by cancellation of units.
Fund Management Charges :
1.35% for equity growth fund II, Accelerator Mid-Cap Fund II and Pure stock fund, 1.25% for asset allocation and Bluechip equity fund, 0.95% for liquid fund and bond fund
This charge would be adjusted in unit price.
Switching charges are Nill, the plan offers unlimited free switches.
Discontinuance chages are as per rules and regulations.
Miscellaneous Charge :
The miscellaneious charge would be charged at the rate of Rs.100/- per transaction in respect of alteration of premium mode, change in premium paying term, request for change in premium apportionment, partial withdrawal, decrease in sum assured or issurance of copy of policy document.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge (If any) and fund management charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80D of the Income Tax Act, 1961.
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 office or visit on www.bajajallianz.com or contact me on : +91-98860-43598.
Bajaj Allianz Insurance Company Limited introduced the new policy in December-2010 that is related to health that is Smart Insurance Plan III. 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 1 years and maximum 60 years (18 years in case of additional rider benefits), minimum 18 years and maximum 75 years for maturity, policy term is 10, 15 and 20 years.
Rs.50,000 per yearly, half-yearly and quaterly installment and Rs.17,000 per monthly installments are available. Maximum regular premium is No Limits.
Minimum premium paying term is 6 years to maximum as per policy term.
Minimum top up to premium is Rs.5,000 and maximum is no limits.
minimum sum assured is below 45 years : 10 times annualized premium, 45 years and above 7 times annualized premium amount.
and policy term times annualized premium. if any rider has been opted then maximum sum assured shall be same as the minimum sum assured.
Charges for Premium allocation :
year 1 is 9%
year 2 to 5 is 6%
year 6 to 15 is 2%
year 16 onwards is 0%.
Policy Administration Charges :
Rs.480 per annum, inflating at 5% per annum. This charge will be deducted at each monthly anniversary by cancellation of units.
Fund Management Charges :
1.35% for equity growth fund II, Accelerator Mid-Cap Fund II and Pure stock fund, 1.25% for asset allocation and Bluechip equity fund, 0.95% for liquid fund and bond fund
This charge would be adjusted in unit price.
Switching charges are Nill, the plan offers unlimited free switches.
Discontinuance chages are as per rules and regulations.
Miscellaneous Charge :
The miscellaneious charge would be charged at the rate of Rs.100/- per transaction in respect of alteration of premium mode, change in premium paying term, request for change in premium apportionment, partial withdrawal, decrease in sum assured or issurance of copy of policy document.
Service Tax on charges :
Service tax will be applicable to mortality charge, rider premium charge (If any) and fund management charges.
Tax Benefits :
The premium paid under this plan will be eligible for tax benefits under section 80D of the Income Tax Act, 1961.
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 office or visit on www.bajajallianz.com or contact me on : +91-98860-43598.
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