Bajaj Allianz Money Secure Plan

About Policy : Bajaj Allianz Insurance Company Limited introduced the new policy in January-2011 that is related to Unit Link Investment Plan that is Money Secure Plan. A plan that lets you ride on the growth of the market with a cushion of guarantee. And this is completely based or depended on a Government Sectors and your insurance 100% amount will be investing in capital market only. Insurance Details : Bajaj Allianz Money Secure Insurance Plan minimum age of entry is 3 years and maximum 65 years, minimum sum assured is 1.25 times of single premium and Minimum and Maximum Age at Maturity is 18 to 75 years. Minimum sum assured is below 45 years : 10 times annualized premium. 45 years and above : 7 times annualized premium. Maximum Sum Assured is 20 times of annualized premium, 10 times annualized premium in case critical illness rider, hospital cash benefit rider or family income benefit rider optded. Minimum Policy term is 10 to 15 years. Minimum Policy Premium Amount is Rs.7000/- for 10 years for 15 years Rs.8000/- and Half yearly and quarterly installments are available. Key Benefits : Security of investments with guarantee of minimum maturity value. Option to select policy term and premium paying term. Automatic annual increase in sum assured from 6th policy anniversary. Maximum flexibility with : Partial withdrawals anytime after five years from the commencement of the policy. Top up premium payment over and above regular premiums. Option to decrease sum assured. Option to change premium payment term and alter premium payment frequency. Optional riders to enhance protection. Premium Allocation Charge : 1 to 2 years allocation charges is 10%. 3 to 5 years allocation charges is 7%. 6 to onwards years allocation charges is 2%. Policy Administration Charge : NIL for the first five policy years and Rs.25 per month from the 6th years onwards inflating at 5% per annum at every policy anniversary. The charge will be deducted at each monthly anniversary by cancellation of units. Fund Management : 1.25% for assured return fund. This charge would be adjusted in unit price. Switching Charge : Not Applicable, as there is only one fund under this product. Miscellaneous charge : The miscellaneous charge would be charged at the rate of Rs.100/- per transaction in respect of alteration of premium mode, change in premium payment term, partial withdrawal, decrease in sum assured or issuance of copy of policy document. Service tax on charges : Service tax will be applicable on mortality charge, rider premium charge. Guarantee charge and fund management charge. Tax Benefits : As per the Policy terms and conditions. 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.