Bajaj Allianz Life Principal Gain: Guaranteed Maturity Ulip Plan

Bajaj Allianz Life Principal Gain

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 maturity unit linked insurance plan that has been designed to cater to all your requirements and at the same time also safeguard your investments

(Toll Free) 1800-209-0144

SMS LIFE @ 56070

Key Features

    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:

  • Triple benefit of principal protection, potential of high returns and life cover
  • Guaranteed Loyalty Additions at maturity
  • Multiple policy term and premium payment term options to choose from
  • Option to take maturity benefit in installments (Settlement Option)
How Does Your Plan Work
  • 1step

    Choose your Premium

  • 2step

    Choose your
    policy term

  • 3step

    Choose your
    premium payment term

  • 4step

    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 %)
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.

Sample illustration
  • 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
    Sample illustration Principal Gain

    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.

Am I Eligible?
  • Entry Age

    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.

  • Maturity Age

    18 years attainedMinimum

    70 years attainedMaximum

  • Policy Term

    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 Premium

    Frequency Yearly Monthly
    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.

    Modes Monthly Yearly
    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.

Policy Benefits and Features
  • 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
  • Surrender Benefit

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

    • On surrender during the lock-in period of first 5 years of your policy, the Fund Value less the discontinuance/ surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and life cover and Guaranteed Maturity Benefit shall cease. You will not have the option to revive such surrendered policy. The discontinuance value as at the end of the lock-in period will be available to you as surrender benefit.
    • On surrender after the lock-in period of first 5 policy years, the surrender benefit available will be Fund Value, as on the date of surrender.
Frequently Asked Questions and Support

Insurance Can Help Your Money Grow!

Insurance Can Help Your Money Grow!

When planning your finances, you take into account adequate health insurance, motor insurance, investments, and savings for a rainy day.

Read More

Choose Life Insurance the Smart Way!

Choose Life Insurance the Smart Way!

Today, you have a wide variety of life insurance products to choose from.

Read More

Is Your Life Insurance Enough for Your Family's Future?

Is Your Life Insurance Enough for Your Family's Future?

'Insurance on the Go' is taken to a new level with the launch of our new mobile app for Java, Symbian, Blackberry and Android mobiles!

Read More

Common Mistakes People Make When Purchasing Life Insurance

Common Mistakes People Make When Purchasing Life Insurance

What are some common mistakes people make when purchasing life insurance? We tell you about them here, so that you can avoid these pitfalls

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

Our Customer's Review..

What are people saying?

Super Agent

Tax Benefits

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

Download Brochure

13 pages - 555Kb

Download Policy Document

13 pages - 351 Kb

For more information Click here
*Life Insurance Claims settled as FY 2015-16

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.