Future Gain | A Unit-linked Endowment Plan | Bajaj Allianz
Future Gain

Bajaj Allianz Future Gain ULIP Plan

Growing your money to meet your future financial needs is now easier with Bajaj Allianz Future Gain – A Unit Linked Endowment Plan that gives you maximum benefits at the lowest cost.

Bajaj Allianz Future Gain provides for maximum premium allocation to ensure you get the most value for your money. Along with a life cover that protects the financial wellbeing of your loved ones, the plan also provides you with one of the easiest avenues to build more wealth for your future financial goals.

When you opt for Bajaj Allianz Future Gain, you get a choice of 7 different fund options along with varied premium payment frequencies & settlement options. All this ensures that your plan provides you with the maximum value in a way that your valuable money is fully utilized towards your dream future.

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Benefits of Bajaj Allianz Future Gain
  • ULIP Policy with maximum premium allocation
  • Choice of 2 investment portfolio strategies
  • Choice of seven (7) funds
  • Option to make partial withdrawals from the funds
  • ULIP plan with option to pay top-up premium
  • Option to decrease sum assured
  • Option to alter premium payment frequency
  • Option to take maturity benefit in installments (Settlement Option)
How does your ULIP plan work?

    With Bajaj Allianz Future Gain ULIP Plan, the premiums paid by you, after applying the applicable premium allocation rate, are invested as per your chosen portfolio strategy across the various applicable funds. 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.

Policy Benefits & Features
  • Maturity Benefit

    Under Bajaj Allianz Future Gain, the maturity benefit will be the regular premium fund value plus top up premium fund value as on the maturity date, provided the policy is in-force.

  • Surrender Benefit

    You have the option to surrender your policy at any time.

    • On surrendering during the lock-in period of your ULIP policy, the regular 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 your ULIP Plan, the surrender value available will be regular premium fund value plus top up premium fund value, if any, as on the date of surrender, and will be payable immediately.
    • The ULIP plan shall terminate upon payment of the surrender/discontinuance value by the company.

  • Death Benefit

    In case of unfortunate death before the maturity date, provided the ULIP plan is in-force, the death benefit payable to the nominee/ policyholder as a lump-sum is:

    The higher of the sum assured or regular premium fund value PLUS the higher of top-up premium sum assured or top-up premium fund value, if any;

    • All of the above will be applicable as on date of receipt of death intimation. The death benefit is subject to the guaranteed death benefit, which is 105% of the total premiums paid including top-up premiums paid, if any, till the date of death.
    • If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to the extent of any partial withdrawals made from the regular premium fund during the two year period immediately preceding the date of death of the life assured.
    • If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced to the extent of the partial withdrawals made from the regular premium fund during the two year period before attaining age 60 and all the partial withdrawals made from the regular premium fund after attaining age 60.
    • The partial withdrawal made from the top up premium fund shall not be deducted for this purpose
Sample illustration
  • Harsh aged 35 years has taken a Bajaj Allianz Future Gain policy for a Policy Term (PT) of 24 years. Harsh has decided to pay Rs. 50,000 as annual premium for a premium payment term of 20 years. The Sum Assured chosen by him is 7,00,000. On the maturity date, Harsh may receive the regular premium fund value, as per the table given below.

      Sample illustration Future Gain

      In case of Harsh's unfortunate death in, say, the 14 policy year, his nominee will receive death benefit as per the table given below.

      Sample illustration Future Gain
      Investment return Maturity Benefit Death Benefit
      @4% Rs. 13,73,411 Rs. 8,03,431
      @8% Rs. 25,02,197 Rs. 10,93,735

      #The above illustration considering investment is in the "Asset Allocation Fund II" and Goods & Service Tax 18%

      Please note that the 8% and 4% investment returns are not guaranteed and is for illustration purpose only.

Portfolio Strategies
  • Bajaj Allianz Future Gain ULIP Plan provides the insured person with two portfolio strategies, which can be chosen at the inception of the policy or on any subsequent policy anniversary.

    Investor Selectable Portfolio Strategy - If the policyholder wants to allocate the premiums based on his/ her personal choice and decision, the policyholder can opt for this strategy and choose from among the seven (7) funds below to suit his/ her investment needs.

    Wheel of Life Portfolio Strategy - Provides the policyholder with a "Years to maturity" based portfolio management. Under this strategy, on each anniversary of the ULIP plan, fund value among various funds (as per the below table) in the proportion based on the outstanding years to maturity are allocated/ reallocated.

Frequently Asked Questions and Support for ULIP plans

    Why should I invest in a ULIP plan over other investment plans?

    Yes, there are other investment opportunities available to you in today's day and age. However, a ULIP plan is always one of your best options and here are 3 reasons why

  • Return on ULIP investments as per risk appetite

    ULIPs provide you return on investment as per your risk-appetite. You can opt for high-risk, high-return funds or safer, conservative funds, depending on your needs and requirements. You can even switch between them as and when you like.

  • Life-cover in ULIP Plans

    While other instruments offer you an opportunity to grow your money for your future goals, a ULIP plan ensures that your valuable money is fully utilized towards attaining your future financial goals while also giving you peace of mind by protecting the future of your loved ones.

  • ULIP Tax benefits

    Premiums paid towards ULIPs are eligible for tax benefits under Section 80C of the Income Tax Act. Also, Maturity benefit, Death benefit and Surrender value are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.

  • How to select the best ULIP plan?

    There are number of ULIP plans available in the market. This abundance of choice can prove to be quite confusing for customers. However, there are a few things you can keep in mind that will make choosing a plan slightly easier.

  • Firstly; look at the charges

    Compare the charges of all the ULIP plans before you finalize. This will allow you to go for the plan that has lower charges thus giving your more money to invest and higher returns at the end of the tenure.

  • Fund variety

    The more fund options ULIP plans have to offer, the higher the chances are that you will find a fund option that suits your needs. Bajaj Allianz Future Gain is a ULIP plan that offers you a choice of 7 different fund options, enabling you to choose where you want to invest your money.

  • Flexibility

    Another key feature to look for in ULIP plans is flexibility. This allows you to mend your plan as per your needs. For example, look for a plan that provides you more free switches, partial withdrawals, top-ups, etc. Some plans, like Future Gain from Bajaj Allianz Life Insurance , also allow you to increase or decrease your sum assured.

  • Premium payment options

    You should look for ULIP plans that allow you to pay premiums as per your convenience. Some plans offer monthly, quarterly, half-yearly and yearly premium payment options.

For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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Tax Benefits

Premiums paid are eligible for tax benefits under section 80C of the Income Tax Act and Maturity benefit, death benefit and Surrender value are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.

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Disclaimer: Insurance is the subject of the solicitation. For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. 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 Service 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.