Bajaj Allianz Wealth Insurance Plan

About Policy : Bajaj Allianz Insurance Company Limited introduced the new policy to market. That is related to Unit Link Investment Plan that is Wealth Insurance Plan. 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 : Premium Allocation Charge : A certain percentage of single premiums will be allocated to purchase units at the prevailing unit price. This is called the premium allocation rate. Balance is taken as premium allocation charge. The premium allocation rates are as per the rules and regulation. The allocation rate is 98% for single premium and top up premium. Policy Administration Charge : 1.50% of the single premium per annum for the first five years inflating at 5% per annum and nil thereafter. This charge will be deducted at each monthly anniversary by cancellation of units. Key Benefits : Loyalty addition up to 7% of single premium at the end of the fifth year. Choice of 7 investment funds to invest in as per your risk appetite. Flexibility to pay unlimited to up premium and make partial withdrawals. Flexibility to receive the maturity proceeds as settlement option. Flexibility to decrease your sum assured. Systematic switching option to manage your investments better. Optional additional rider benefits to enhance your protection. Fund Management Charge (FMC) : Equity Growth Fund II 1.35%. Accelerator Mid Cap Fund II 1.35% Pure Stock Fund 1.35% Asset Allocation Fund 1.25% Equity Index Fund II 1.25% Liquid Fund 0.95% Bond Fund 0.95% These charge would be adjusted in unit prices. Switching Charge : NIL this plan offers you unlimited free switches. Surrender Charges : No surrender charges. Miscellaneous Charges : Rs.100/- per transaction in respect of decrease in sum assured, partial withdrawal and insurance of copy of policy document. Mortality Charge : Mortality charge will be deducted at each monthly anniversary by cancellation of units. Sample mortality charges per annum per thousand of sum at risk for a healthy male life is shown below : Age 20 years mortality charges is Rs.1.57 Age 30 years mortality charges is Rs.1.74 Age 40 years mortality charges is Rs.2.82 Age 50 years mortality charges is Rs.6.53 Service Tax on Charges : Service tax will be applicable to mortality charge, rider premium 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.