security, stability & growth
A Guaranteed Maturity Unit-Linked Insurance Plan
When setting a financial goal, you will definitely look for assurance and guarantee of your hard-earned money. Investing in a market-linked plan which offers capital protection can be one of the smartest choices to make, as it ensures that the principal you invest is secured while you get opportunity of potential upside from market linked investment.
Presenting, 'Bajaj Allianz Life Principal Gain', a guaranteed maturitythat has been designed to cater to all your requirements and at the same time also safeguard your investments
Bajaj Allianz Life Principal Gain is a non-participating, unit linked, individual, regular and limited premium payment endowment plan. The key advantages of Bajaj Allianz Life Principal Gain are:
Choose your Premium
premium payment term
Choose the premium payment frequency (annual or monthly)
Note: Your Sum Assured will be 10 times of the chosen annual premium.
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 %)|
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.
Le's see an example:
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 Rs. 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.
|At investment return||Guaranteed Maturity Benefit||Maturity Benefit
(Fund Value including Guaranteed Loyalty Additions)
|of 8%||Rs. 3,78,750||Rs. 6,10,509|
|of 4%||Rs. 4,40,283|
The Maturity Benefit @8% & @4% is not guaranteed and is subject to minimum Guaranteed Maturity Benefit of Rs. 3,78,750.
In case of Rahul's unfortunate death during the 5th policy year, his nominee will receive the Sum Assured of Rs. 2,50,000 as Death Benefit.
7 years attainedMinimum
60 years attainedMaximum
Risk cover will commence immediately on issuance of the policy and policy will vest on the life assured on attainment of majority, i.e., 18 years age last birthday.
18 years attainedMinimum
70 years attainedMaximum
All terms from 7 years to 15 years.
Premium Payment Term
5 years Mimimum
Policy term chosen Maximum
Minimum/Maximum Sum Assured
10 times of annual premium
|Minimum||Rs. 15,000||Rs. 2,000|
|Maximum||Rs. 1,00,000 annual premium|
Premium Payment Frequency
The premiums may be paid on annual or monthly basis. The premium frequency factors for regular/limited premiums are as given below.
|Premium Frequency Factor||1/12||1|
Monthly premium payment frequency will be available under salary deduction scheme & ECS
Age calculated is age as at the last birthday
Bajaj Allianz Principal Gain (UIN:116L137V01 )
For more details, please refer to the brochure.
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.
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|
You have the option to surrender your policy at any time.
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Premium paid, maturity benefit, death benefit and surrender benefit are eligible for tax benefits as per extant Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant and obtain independent advice for eligibility and before claiming any benefit under the policy
Disclaimer: 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) under either Fully or Partially Blocked category, any call made or SMS 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.
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. Service tax and education cess 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.