- 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)
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. 6,07,025 of 4% Rs. 4,37,949
The Maturity Benefit at 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
Premium Payment Term
5 years Mimimum
Policy term chosen Maximum
All terms from 7 years to 15 years.
Minimum/Maximum Sum Assured
10 times of annual 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.
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.
- 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.
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