#Virukipolicy | T&C*
Bajaj Allianz ULIP is a systematic investment plan. It is one of a kind products that offer dual benefits of insurance and investment. For protection and wealth creation, Bajaj Allianz Life Insurance is offering a bunch of ULIP plans. Details about the same are mentioned below:-
It is a non-participating individual regular premium payment ULIP plan. Under the same, you have the authority to invest your hard-earned money in an investment portfolio of your choice. The plan will provide market-linked returns over the long-term to assist you with a healthy retirement corpus. It will turn your retirement years to the best years of your life.
|Entry Age||0 - no limits|
|Maturity Age||Minimum & Maximum age of maturity 99 years|
|Policy term||99 minus Age at Entry of Life Assured|
|Premium Payment Term||10 to 25 years|
|Maximum Age at end of PPT||No limit|
It is a goal-based unit-linked insurance plan. The plan comes out with loyalty additions from the sixth year and Fund Booster is payable at maturity. The plan also returns the mortality charges on maturity. It assures maximized returns on your investment while offering protection from the initial day.
|Entry Age||0- 60 years|
|Maximum Maturity Age||75 years|
|Minimum Premium||3000 per month|
|Minimum Sum Assured||10 times Annualized Premium|
Bajaj Allianz Future Gain is a future linked endowment insurance plan. The plan aims to offer maximum gain at a lower cost. It allows maximum allocation of your funds towards investment which directly enhances returns. It even allows unlimited switches.
|Entry Age||1-60 years|
|Maturity Age||18-70 years|
|Minimum Policy Tenure||10 years|
|Premium Payment term||5-30 years|
|The top-up sum assured multiplier||1.25 times|
The benefit that the insured is liable to receive at the end of the policy is called maturity benefit. The same will be equal to the Fund Value at the time of maturity.
Yes, you are allowed to stop your policy by initiating a surrender request. The charges for the same vary from product to product. On surrendering your policy, you will be liable to get Surrender Value that will be equal to your fund value.
You should verify:
No, they may not be guaranteed.
ULIP tax benefits are covered under the Income Tax Act, 1961. By choosing Bajaj Allianz ULIP plans, you become liable to get tax exemptions at the time of investment, during fund switches, when the money invested grows, and during maturity benefit. Additionally, the interest that you will earn on ULIPs is also tax-free.
Investing in the Bajaj Allianz ULIP plan offers multiple benefits that include no allocation charges for the Goal Assure ULIP and Bajaj Allianz LongLife Goal plans.
To make an investment in Bajaj Allianz ULIP plans, you have to create an account on Finserv Markets. You need to do the same with your registered mobile number and a few other required details. Once you logged into the customer portal, you can easily invest in ULIPs and avail benefits of ULIP plans.
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Last updated on 27-01-2020