Claim Settlement Ratio of 99.23%~

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Bajaj Allianz Life Fortune Gain

A Unit-linked Non Participating Individual Life Savings Insurance Plan

Up to 99.5% fund allocation#
Loyalty additions
Systematic switching option
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  • Overview

  • Key Advantages

  • Eligibility

  • Downloads

  • How ULIPs Works

  • How this Works

  • Sample Illustration

  • Policy Benefits

An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment made; making sure the deduction in charges are minimum. We present one such smart insurance plan - Bajaj Allianz Life Fortune Gain - a Unit-Linked Single Premium Savings Plan that provides up to 99.5% Premium allocation to make sure that your valuable money is fully utilized towards building you a fortune.
Be Future Safe with Fortune Gain!

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Maximum Allocation

The allocation charges are as low as 0.5% for premium of ₹ 10 lakh and above.

Multiple Fund Options

The policy allows you to choose among eleven funds depending upon your financial goals and risk profile. You can also avail unlimited free switches to better manage your investments.

Loyalty Additions

The policy rewards 5.6% of the single premium as loyalty additions, for premium of ₹10 Lakh & above & policy term of 10 years & above, enhancing the maturity amount you receive.

Systematic Switching Option

This option provides you with a winning approach in volatile market situation to optimize returns. At the start of the policy, you can opt for systematic switching, whereby your premium is invested in a liquid fund and a proportion of that amount is invested in a fund of your choice on each monthly due date over a period of next 12 months.

Option To Take Maturity Benefit In Instalments

The maturity benefit can be received in monthly, quarterly, half-yearly or annual instalments over a maximum period of five years under Settlement option.

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Entry Age

Minimum age is 01 year

In the case of minor life, the risk cover will commence immediately on date of commencement of Policy, and Policy will vest on the life assured on the attainment of majority (i.e., age 18 years).

Maximum age is 63 years

Maturity Age

Minimum age at maturity 18 years

Maximum age at maturity 70 years

Policy Term

Minimum is 7 years

Maximum is 30 years

Single Premium

Minimum is ₹ 50,000

Maximum is No Limit

Premium Payment Frequency

Single

Minimum Sum Assured

1.25 times single premium

Maximum Sum Assured

X * single premium, where X is based on age at entry and Policy term as mentioned below

Policy Term (in years)

Age at entry (in years)

1-20

21-30

31-35

36-44

45 & above

7 - 10

10

10

10

5

1.5

11 - 15

10

10

8

3

1.5

16 - 20

10

8

5

3

1.5

21 - 25

10

6

4

2

1.5

26 - 30

10

5

3

2

NA

Minimum & Maximum Sum Assured on Top up Premium

1.25 times Topup premium

Age calculated is age as at the last birthday ,Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier.

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Brochure

Download

Policy Document

Download

Product Presentation

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Unit linked Insurance plans are packed with the dual powers of Investment and Insurance. Your ulip offers market linked returns and life cover, Other charges applicable are mortality charges, fund management charges and policy admin charges.

Select a ULIP

Pay the premium

Applicable charges levied

Net investable premium

Your money is invested in fund choosen by you

Returns accured in the policy fund value

In Bajaj Allianz Life Fortune Gain, the premium paid by you, after applying the applicable premium allocation rate, is invested in Investor Selectable Portfolio Strategy. The units are allocated at the prevailing unit price of the fund. The mortality charge and policy administration charge are deducted monthly through cancellation of units. Fund management charge is adjusted in the unit price.

  • Maturity Benefit

  • Death Benefit

Yuvraj has taken a Bajaj Allianz Life Fortune Gain policy for a Policy Term (PT) of 24 years. Yuvraj has decided to pay ₹ 2,00,000 as single premium. The Sum Assured chosen by him is ₹ 8,00,000.

Yuvraj , 35 years old

On maturity date, Yuvraj's maturity benefit, based on the assumed investment return are as given below: Policy Term: 24 Years

Assumed Investment Return##

Maturity Benefit

@8%

₹  7,51,661

@4%

₹ 2,31,061

##The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

The benefit amounts indicated are non-guaranteed illustrative figures, and subject to policy terms and conditions.

This illustration is considering investment in "Asset Allocation Fund II" & applicable Goods & Service Tax.

 

Yuvraj has taken a Bajaj Allianz Life Fortune Gain policy for a Policy Term (PT) of 24 years. Yuvraj has decided to pay ₹ 2,00,000 as single premium. The Sum Assured chosen by him is ₹ 8,00,000.

Yuvraj , 35 years old

In case of Yuvraj's unfortunate death in the 16th policy year, the death benefit, based on the assumed investment return, are as given below: Policy Term: 24 Years

Assumed Investment Return##

Death Benefit in the 16th year

@8%

₹ 8,00,000

@4%

₹ 8,00,000

##The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

The benefit amounts indicated are non-guaranteed illustrative figures, and subject to policy terms and conditions.

This illustration is considering investment in "Asset Allocation Fund II" & applicable Goods & Service Tax.

Maturity Benefit

Under Bajaj Allianz Life Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund value, if any, both as on the maturity date, provided the policy is in-force.
It will be payable on the survival of the life assured to the maturity date.

Death Benefit

In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the nominee as a lumpsum (subject to the Guaranteed Death Benefit*) is:

  • (I) The higher of the Prevailing Sum Assured%or Single Premium Fund Value PLUS

  • (ii) The higher of Top Up Premium Sum Assured or TopUp Premium Fund Value, if any [All the above as on date of receipt of intimation of death}

*The guaranteed death benefit applicable throughout the policy term is 105% of the $Total Premiums paid including Top-up Premiums paid, if any, till the date of death.

$Total Premiums paid shall be equal to Single Premium paid and Top-Up premiums paid till date

%The benefit shall be reduced to the extent of the partial withdrawals made from Single Premium fund during the two (2) year period immediately preceding the death of the life assured.

The partial withdrawal made from the top up premium fund shall not be deducted for this purpose

 

Loyalty Additions

Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the single premium, will be added to the single premium fund value at the maturity date of your policy.

Policy Term

Single Premium

₹ 50,000 to ₹ 9,99,999

₹ 10,00,000 & above

7 to 9

Nil

Nil

10 to 30

Nil

5.6%

No loyalty addition is payable on any top-up premium paid.

Surrender Benefit

You have the option to surrender your  your policy at anytime.

  • -On surrender during the lock-in period of first five years, the single premium fund value, less the discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately. The discontinuance value as at the end of the lock-in period will be available to you as surrender value.

  • -On surrender after the lock-in period of first five years, the surrender value payable will be single premium fund value plus top up premium fund value, if any, as on the date of surrender.

  • -The policy shall thereafter terminate upon payment of the full surrender value by the company.

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. | $For details refer to press release published by CARE | **All figures as on 31 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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#For Premiums of ₹ 10 Lakhs and above

**Past performance is not indicative of future performance.

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error.

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1800-209-4040

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

© Copyright 2024. Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI Public Notice on Spurious calls
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Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department
Contact Us

Sales: 1-800-209-4040 Service: 1-800-209-7272 (Toll free)

Email: customercare@bajajallianz.co.in
Tollfree: 1800 209 7272

Registered Office Address

Bajaj Allianz House, Airport Road, Yerwada,

Pune - 411006

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© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272,

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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