New Unit Gain Premier SP | Bajaj Allianz Life Insurance

New Unit Gain Premier SP of Bajaj Allianz Life Insurance is an insurance policy that allows the policy holder to have full financial freedom. This is a single premium policy in which the premium needs to be paid at once. This is one such policy that offers both financial securities as well as investment in securities.

Some of the feature and benefits of New Unit Gain Premier SP of Bajaj Allianz Life Insurance policy are as follows:

In this policy the insurance premium needs to be paid at once and that is at the time of beginning of the policy.
The option of partial withdrawal is also there in this policy that allows the policy holder to draw some cash from its insured fund in case of a financial emergency.
The insured would also be getting limitless free switches in this policy which him or her to change their investment fund at any point of time during the tenure of the policy.
The insured is also allowed to make some extra premium payment that is better known as top up payment. This allows him or her to get maximum financial reward.
Ample choice of investment funds are offered to the policy holder thereby offering maximum flexibility to the insured.
Rider benefits are also available here after making some extra premium payment. The riders that are offered in this policy are accidental death benefit and partial/total disability benefit.
Tax benefits are available in this policy and that is based on the various provisions of the Indian Income Tax Act, 1961. The amount that has been taken away from the fund by using part withdrawal is eligible for tax benefits as per section 10(10D) and the premiums are eligible for tax benefits as per section 80C.

These are some of the features and benefits of New Unit Gain Premier SP of Bajaj Allianz Life Insurance.

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Tags: Bajaj Allianz Life Insurance, Insurance, New Unit Gain Premier SP Plan