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

Bajaj Allianz Life Principal Gain Watch Video A Guaranteed Maturity Unit-linked Insurance Plan

  • Principal protection
  • Potential of high returns
  • Guaranteed loyalty additions at maturity
  • Option to receive maturity benefit in instalments
Principal gain ulip benefit plan
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Guaranteed Unit Linked Insurance Plan - Bajaj Allianz Life Principal Gain

Every time you step-out or sign-in to buy a product you look out for the value it offers. Why should your outlook be any different while investing? ULIPs are becoming popular amongst investors as they offer several benefits – helps you invest in a disciplined manner towards your life goals, enables you to invest in the markets in a hassle-free manner, and also offers a life cover. What if there was more in a ULIP?

Bajaj Allianz Life Principal Gain is a ULIP that offers capital protection, which means that no matter how the markets perform, the principal you have invested is secured. This helps you safe-guard your investments and brings you closer to achieving your life goals.

Principal protection

A minimum maturity benefit of 101% of total premium paid is provided to customers with this ULIP.

Potential of high returns

The policy invests in balanced equity fund and a builder bond fund, based on the proportion and the outstanding years to maturity. This will promote capital appreciation with capital protection.

Guaranteed loyalty additions

Guaranteed loyalty additions are added to your fund value, at maturity.

Option to receive maturity benefit in instalments

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

Choose your Premium

Note: Your Sum Assured will be 10 times of the chosen annual premium.

 

 

Choose your policy term

 

 

Choose your premium payment term

 

Choose the premium payment frequency (annual or monthly)

Your money will be invested as per Guarantee Builder Portfolio Strategy. Your premium, net of premium allocation charge, will be allocated by the Company to Balanced Equity Fund and Builder Bond Fund, based on the proportion and the outstanding years to maturity (as at policy commencement date) as per the table below:

Years to Maturity

Balanced Equity Fund (in %)

Builder Bond Fund (in %)

15

55

45

14

55

45

13

50

50

12

50

50

11

40

60

10

30

70

9

30

70

8

30

70

7

20

80

6

20

80

5

0

100

4

0

100

3

0

100

2

0

100

1

0

100

Your Fund Value will also be rebalanced on each policy anniversary such that a minimum percentage in Builder Bond Fund as shown in the above table is maintained. But under no circumstance will there be any movement of fund from Builder Bond Fund to Balanced Equity Fund even if the Fund Value under the Builder Bond Fund is higher than the percentage mentioned in the table above.

Entry Age

Minimum Age at Entry

7 years

(Risk cover will commence immediately on issuance of the policy and, in case of a minor life, policy will vest on the life assured on attainment of majority, i.e., 18 years age last birthday)

Maximum Age at Entry

60 years

 

Maturity Age

Minimum Age* at Maturity 

18 years

Maximum Age at Maturity 

70 years

*Age calculated is age as at last birthday

Premium Payment Term

( 5 to Policy Term Chosen )years

Policy Term

7 to 15 years.

Sum Assured

10 times of annual premium

Premium

Frequency

Yearly

Monthly

Minimum

` 15,000

` 2,000

Maximum

` 1,00,000 annual premium

Premium Payment Frequency

Yearly and Monthly

Monthly premium payment frequency will be available under salary deduction scheme and ECS

Rahul, 35 years old

Rahul has taken a Bajaj Allianz Life Principal Gain policy for a Policy Term of 15 years. Rahul has decided to pay ₹ 25,000 as annual premium for a premium payment term of 15 years. His Sum Assured will be 10 times of his annual premium i.e. ₹ 2,50,000. Rahul's premium, net of premium allocation charge, will be invested as per Guarantee Builder Portfolio Strategy.

  • Maturity Benefit
  • Death Benefit

To achieve his Life Goal, Rahul invested ₹ 25,000 as annual premium for a premium payment term of 15 years

Policy Term: 15 Years

  • Principal Gain

Assumed Investment Return##

Guaranteed Maturity Benefit

Maturity Benefit
(Fund Value including Guaranteed Loyalty Additions)

@8%

` 3,78,750

` 6,07,025

@4%

` 4,37,949

The Maturity Benefit is subject to minimum Guaranteed Maturity Benefit of ` 3,78,750.

##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 sum assured amount and/or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions.

In case of Rahul's unfortunate death during the 5th policy year, his nominee would receive the Sum Assured of ₹ 2,50,000 as Death Benefit.

The sum assured amount and/or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions.

Maturity Benefit

On Maturity date, you will receive higher of the Fund Value as on that date (including Guaranteed Loyalty Additions)or Guaranteed Maturity Benefit of 101% of the total premiums paid.

Death Benefit

If all due premiums are paid, then in case of unfortunate death of the life assured during the policy term, the death benefit payable is higher of

  • Sum Assured or
  • Fund Value or
  • Guaranteed Death Benefit of 105% of the total premiums paid, till the date of death.

All the above is paid as on date of receipt of intimation of death at the Company's office.

Guaranteed Loyalty Additions

If you have paid at least 5 years' premiums, you will get Guaranteed Loyalty Additions added to your Fund Value as extra units on the maturity date as given below:

For Policy Term up to 10 years

For Policy Term more than 10 years

4% of annual premium

15% of annual premium

Claw-back Additions

Non-zero positive claw-back additions, if any, will be added to the Fund Value in order to meet the maximum reduction in yield criteria [ as stipulated in Sub-regulation 37 of IRDA (Linked Insurance Products) Regulations, 2013] at the end of each policy year starting from the end of the fifth policy year.

Documents you’ll need before investing

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What is the Guaranteed Loyalty Addition in this plan?

If a policyholder stays invested in the policy for at least the first five years of the policy term, then the policyholder is eligible for Guaranteed Loyalty Addition (GLA). GLA is added as a percentage of one annual premium to the policyholder’s fund value as extra units at the time of maturity. Under this plan, 4% of annual premium is added as Guaranteed Loyalty Addition for a policy term of up to 10 years, and 15% of annual premium for policy term of more than 10 years

What are the funds available in Bajaj Allianz Life Principal Gain?

There are 2 funds available in this plan under the Guaranteed Builder Portfolio Strategy - Balanced Equity Fund and Builder Bond Fund

What are the advantages of Guaranteed Builder Portfolio strategy?

As per Guaranteed Builder Portfolio Strategy, the premium, net of premium allocation charge is allocated to Balanced Equity Fund and Builder Bond Fund based on the proportion and the outstanding years to maturity as per the table below:

Year to Maturity

Balanced Equity Fund (in %)

Builder Bond Fund (in %)

15

55

45

14

55

45

13

50

50

12

50

50

11

40

60

10

30

70

9

30

70

8

30

70

7

20

80

6

20

80

5

0

100

4

0

100

3

0

100

2

0

100

1

0

100

As you can see the fund value is rebalanced on each policy anniversary so that a minimum percentage in Builder Bond Fund is maintained. The movement of funds from Builder Bond Fund to Balanced Equity Fund is not allowed in Bajaj Allianz Life Principal Gain.

How does Settlement Option really work?

The policyholder can receive the maturity amount in instalments (payable yearly, half-yearly, quarterly or monthly depending on the policyholder’s choice) spread over a maximum period of five years. This is known as Settlement Option. The amount paid in each instalment during the Settlement Option period is the outstanding Fund Value on that instalment date divided by the number of outstanding instalments.

Life Insurance Glossary

Discontinuance Charges

These charges are deducted from the policyholder's account/fund if the life insurance policy is surrendered by the policyholder. This is also called as the Surrender Charge

Fund Value

It is the total value of units that a policyholder holds in funds. Fund Value = Number of Units x Net Asset Value

Fund Management Charges

These are charges deducted towards meeting expenses related to fund management. These are charged as a percentage of the Fund Value and deducted before calculating the Net Asset Value (NAV) of the fund.

In - force

In-force Policies are valid/active policies for which the full premiums as on date are paid.

Lapse

The termination of an insurance policy due to non-payment of premium.

Mortality Charges

Depending upon the age and the amount of cover, the charges levied towards providing life insurance cover to the insured are called as Mortality Charges

Policy Administration Charges

These are the charges deducted on a monthly basis to recover the expenses of maintaining the policy including record keeping, paper work, services, etc.

Premium Allocation Charges

These charges are deducted upfront from the premium paid by the policyholder as a percentage of premium. These charges account for the initial expenses incurred by the company in issuing the policy, e.g., cost of underwriting, medicals and expenses related to distributor fees. After these charges are deducted, the money gets invested in the chosen fund.

Regular Premium

The amount payable by the policyholder at regular intervals during the Premium Paying Term, and at the Premium Payment Frequency

Regular Premium Fund Value

The total number of Units pertaining to the Regular/ Limited Premium existing in each Fund under this Policy, multiplied by their respective Unit Price on the relevant date

Reinstatement

To restore the policy after the life insurance policy has lapsed.

Revival Period

As long as the policyholder pays premium on time, the policy remains in force. The policy lapses when premiums are not paid even after the completion of the grace period. Thereafter, the Life Insurance Company provides an option to the policyholder wherein he/she can make the policy in force only during a specific period after the grace period. The process is called Revival of the Life Insurance Policy or Policy Revival and the period is called Revival Period.

Rider Sum Assured

"Rider Sum Assured" means the sum assured as mentioned in the Schedule. For more details, please refer respective rider sales literature.

Rider Life Assured

"Rider Life Assured" means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider. For more details, please refer respective rider sales literature.

Rider Premium Charge

"Rider Premium Charge" means the charge deducted to provide the Rider benefit. For more details, please refer respective rider sales literature.

Rider Term

"Rider Term" means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the schedule. For more details, please refer respective rider sales literature.

Surrender Value

A value payable if you want to surrender the plan before a claim arises.

Settlement Option

In Unit Linked Polices, instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of  5 years after maturity. This is known as the Settlement Option.

Unit Price

Market value of investment held by the fund plus value of current assets less value of current liabilities and provisions, if any, divided by number of units existing on Valuation Date. This calculation will be done before creation / redemption of units.

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  • Claim deposits via electronic transfer to make process faster
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**All figures as on 31 December, 2018.

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!