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Bajaj Allianz Life igain III – Key Benefits

admin — Fri, 27 Apr 2012 10:42:06 +0000

Bajaj Allianz igain III insurance plan is complete online life insurance plan that gives you complete freedom to buy directly from us. Buying online is not only simple and fast but Bajaj Allianz iGain III Insurance Plan offers you a high allocation, which will make sure that this unit-linked life insurance plan offers you a great potential for high returns.

Key Benefits

The plan offers you key benefits:-

Exclusive ULIP that you can buy online.
High allocation of 98% from the start of the policy.
100% allocation from 6th policy year onwards.
Inbuilt accidental death cover.
Option to select policy term of 10/15 or 20 years and premium paying term of 5 years to policy term.
Automatic annual increase in sum assured from 6th policy anniversary to suit your needs.
Choice of 7 investment funds to invest in as per your risk appetite.
Two investment portfolio strategies to manage your investments better; including the Wheel of Life portfolio strategy, which will help you to balance and safeguard your investment.

With iGain III, you have the flexibility to:-

Make partial withdrawals anytime after five years from the commencement of the policy.
Make top-up premium payment over and above regular premiums.
Change your premium payment term.
Decrease your sum assured.
Change your premium payment frequency.
Get Optional riders to enhance your protection.

Death Benefits

In case of death of the life assured before attaining the age of 60 years: The death benefit payable would be the higher of sum assured less value of partial withdrawals made in the last 24 months prior to the date of death or the fund value as on date of receipt of intimation of death at the Company’s office. The death benefit payable would be calculated separately for regular premium and top up premiums.

In case of death of the life assured on or after attaining the age of 60 years: The benefit payable would be the higher of sum assured less value of partial withdrawals made within 24 months before attaining age 60 years and all partial withdrawals made after attaining age 60 years or the fund value as on the date of receipt of intimation of death at the Company’s office. The death benefit payable will be calculated separately for regular premiums and top up premiums.

In case of death of the life assured due to an accident after attaining age 7 years: An additional sum assured in respect of regular premium and top-up premium of the policy is payable. The sum assured will increase by an annual premium at each policy anniversary starting from the 6th (sixth) policy anniversary. The death benefit and the mortality charge shall be calculated referring to such enhanced sum assured. The policy will terminate on the death of the life assured.

Maturity Benefit

On maturity, you will receive the Fund Value as on the maturity date.

Surrender Benefit

You have the option to surrender your policy anytime from the 6th (sixth) policy year. The surrender value payable will be equal to the Fund Value as on date of surrender of the policy. The policy shall thereafter terminate upon payment of full surrender value.

However, on discontinuance of payment of regular premium during the first five policy years, the discontinuance value as on date of discontinuance will be equal to the regular premium fund value less discontinuance charge, if any, plus top up premium fund value, if any.

Additional Rider Benefits

You can enjoy following extra coverage by choosing the optional additional rider benefits at policy inception or at any subsequent policy anniversary at a nominal extra cost.

a) Bajaj Allianz UL Family Income Benefit Rider	(UIN 116A018V01)
b) Bajaj Allianz UL Term Rider	(UIN 116A021V01)
c) Bajaj Allianz UL Waiver of Premium Benefit Rider	(UIN 116A019V01)
d) Bajaj Allianz UL Critical Illness Benefit Rider	(UIN 116A015V01)
e) Bajaj Allianz UL Hospital Cash Benefit Rider	(UIN 116A016V01)
f) Bajaj Allianz UL Accidental Permanent Total / Partial Disability Benefit Rider	(UIN 116A014V01)

Also at any policy anniversary you have the option to exclude the rider coverage but once the rider cover is excluded cannot be included again.

If you choose any of the following riders then the minimum premium paying term should be 10 years.

1. Bajaj Allianz UL Family Income Benefit

2. Bajaj Allianz UL Term Rider

3. Bajaj Allianz UL Critical Illness Benefit Rider

4. Bajaj Allianz UL Hospital Cash Benefit Rider

(Please refer to Additional Rider Benefit brochures for more details)

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Bajaj Allianz Cash Rich Insurance Plan | Money Back Plan

bhavana — Sat, 26 Feb 2011 07:56:20 +0000

A regular stream of income for all time helps, but when they are matched with your life’s goals, it leaves you with a smile.

Bajaj Allianz CashRich Insurance Plan, a plan that provides you cash benefits at 3 important stages of your life cycle.

Key Benefits of Bajaj Allianz CashRich Insurance Plan

Get cash benefit in three tranches:

Accumulated compound reversionary bonus on achievement of premium payment term.
Cash Back benefit of 5(%) per cent of the sum assured plus cash bonus, if any acknowledged every year, during the cash back period end.
Sum Assured plus terminal bonus, if any on maturity of the policy.

Flexibility to:

Select your policy term from 10 years to 65 years depending on your financial require.
Select your limited premium paying term (PPT) from 5 years to 30 years, in multiple of 5 only.
Pay your future premiums in advance and get benefit of suitable discounts.

Option to:

Keep your policy in-force for full sum assured for a period of 2 years, even if you miss to pay your premiums on due dates, provided you have paid at least 3 year’s premiums in full.
Convert your policy to a “single premium term cover with return of premium (ROP)” policy, if you miss to pay your premiums on due dates provided you have paid at least 5 years’ premiums in full.

Know more about Bajaj Allianz Life Insurance

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Shield Insurance Plan | Key Benefits

bhavana — Fri, 03 Dec 2010 06:25:14 +0000

Bajaj Allianz Shield Insurance Plan, a single premium fixed-term unit-linked insurance plan gives you the choice of investment options to achieve your preferred objective at maturity. This plan also gives you guaranteed unit price at maturity with Shield Plus Fund III.

Bajaj Allianz Shield Insurance Plan is a simple to understand fixed-term unit-linked life insurance plan. Single premiums & any top-up premium paid by you, net of premium allocation charge is invested in the fund(s) of your choice and units are allocated depending on the unit price of the fund(s). The value of your policy is the total value of units that you hold in the fund.

The mortality charge, the policy administration charge and the rider premium charge(s) (if any) are deducted monthly through cancellation of units. Fund Management Charge is adjusted in the unit price.

So planning for a target amount is made easy now! * Conditions apply

Key Highlights: Bajaj Allianz Shield Insurance Plan provides you with the following:

Single premium plan with fixed term of 10 years
Sum Assured of 1.1/1.25 to 5 times of the Single Premium
Choice of 9 funds for investment, including new 3 funds – Shield Plus Fund III, Growth Plus Fund III and Bluechip Equity Fund
Guaranteed Addition via Return of up to 6 % of the Single Premium at maturity ** Conditions apply
Shield Plus Fund III offers you guarantee of minimum unit price at maturity. * Conditions apply
Maximum flexibility through -
-Option to decrease sum assured
-Unlimited top-up premium payment
-Partial withdrawals anytime after five years from the commencement of the policy
-Unlimited free switches
-Optional riders to enhance your protection

* The unit price at maturity (in 10 years time) is guaranteed to be a minimum of 170% of unit price as on date of allocation of units under a policy. Switching into Shield Plus Fund III would not be allowed at any time during the term of the policy, where as switching out would be possible at any time. Switching out of Shield Plus Fund III would be at the prevailing unit price and not at any guaranteed unit price

** The Guaranteed Addition as a percentage of the single premium i.e. 6.00% for Single Premium of Rs. 25,000 to 300,000 and 3.00% for single premium of Rs. 300,001 & above will be paid at maturity. No Guaranteed Addition is payable on any Top up premium paid.

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Wealth Insurance Plan | Key Benefits

bhavana — Fri, 03 Dec 2010 06:13:26 +0000

Bajaj Allianz Wealth Insurance Plan is a hassle-free way of investing your money and at the same time taking care of your insurance needs. The plan gives you the benefits of paying a single premium, so you don’t have to worry about due dates, repetitive paperwork and renewals or continuously make phone calls to your financial advisor. Apart from this, the high allocation offered by the plan allows you to meet your financial goals.

Wealth Insurance Plan provides you the option to decrease your sum assured. Systematic switching option to manange your investments better and optional rider benefits to enhance your protection are also some features of Wealth Insurance Plan.

So invest today and jiyo befikar.*Conditions Apply.

Key Highlights Wealth Insurance Plan offers the following key benefits:-

Loyalty addition up to 7% of single premium at the end of the 5^th year. **Conditions Apply.
Option to receive the maturity benefits as settlement option.
Maximum flexibility to pay unlimited top-up premium and make partial withdrawals. ***Conditions Apply.
Option to decrease your sum assured.
Systematic switching option to manage your investments better.
Optional additional rider benefits to enhance your protection.

*The allocation rate is 98% for Single premium and Top up Premium.
* *If policy has not been terminated at the end of the 5th policy year the company will allocate loyalty addition at the then prevailing unit price of an amount equivalent to 3.00% for Single Premium of Rs. 50000 to 99999, 5.00% for single premium of Rs. 100,000 to 249,999 and 7.00% for single premium of Rs. 250,000 and above. No loyalty addition is payable on any top-up premium paid.

***Please refer to the sales brochure to know the conditions applicable for top-up premium and partial withdrawal.

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Max Advantage Insurance Plan | Key Benefits

bhavana — Fri, 03 Dec 2010 05:47:48 +0000

Bajaj Allianz Max Advantage Insurance Plan this is exciting new ULIP product gives you the guarantee to encash your units at maturity, at the highest unit price achieved by the fund over the 10-year term of your policy. * Conditions apply.

Bajaj Allianz Max Advantage Insurance Plan makes sure that once your returns go up, they stay up. So invest today to gain the maximum advantage and jiyo befikar.

Key Highlights: The plan offers you key benefits of:

Investment in Max Gain Fund II guarantees highest unit price based on the highest NAV for policy tenure of 10 years. * Conditions apply.
Refund of 60% of total regular premium allocation charge as Guaranteed Addition at maturity.
Option to select/ change premium payment term from 5 to 7 years.
Flexibility to pay unlimited top-up premium** and make partial withdrawals Option to choose from 5 investment funds to invest.
Unlimited free switches. *** Condition Apply

*The objective of the Max Gain Fund II is to provide a participation in the upside of the equity market while guaranteeing the highest unit price recorded during the policy term at maturity. The renewal premium and the top-up premium can be invested in the Max Gain Fund II provided the fund has been chosen at inception as per the chosen premium apportionment rate. Any redemption of units before the maturity date shall be encashed at the prevailing unit price.

*** Switching in to Max Gain Fund II is not allowed. However switching out of Max Gain Fund II is allowed anytime after the 5th policy year.

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Assured Protection Insurance Plan | Key Benefits

bhavana — Fri, 03 Dec 2010 05:41:27 +0000

Bajaj Allianz Assured Protection Insurance Plan have formulated a unique mixture of protection and prospects of attractive returns with investments in various mix of assets to make a perfect plan to last you a lifetime of prosperity and happiness.

Key Highlights: The plan offers you key Highlights:-

Get 100% allocation from the 10th policy year.
Extra protection with wider accidental cover.
Automatic annual increase in sum assured from 6th policy anniversary.
Option to select policy term of 10, 15 or 20 years and premium paying term from 7 years to policy term.
Choice of 7 investment funds to invest in.
Choose between Investor Selectable portfolio strategy and wheel of life portfolio strategy.
Get maximum flexibility to pay top-up premium and partial withdrawal any time after 5th policy year.

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Bajaj Allianz ChildGain | Benefits

bhavana — Fri, 03 Dec 2010 05:31:29 +0000

Taking care of a child is perhaps the most important job a parent can have. It is but natural that you would like to give your child your best, and therefore, this is the time when careful financial planning can help you fulfill the aspirations that you have for your children. The Bajaj Allianz Child Gain Solutions help you to enjoy the joys of parenthood responsibly, with the comfort of a secure future for your child.

Additional Benefits:

Limited Premium Payment Term – Premiums are payable till your child attains age 18 years.
Growth in Contributions by the way of compounded annual bonuses.
Tax Benefits are available under Section 88 and Section 10 (10 D) of the Income Tax Act.
Assuring Your Child’s Future: We have built in some added benefits in all our plans to protect the interests of your child’s future.
Option to Purchase Further Insurance at Maturity – We offer the child an option to purchase a with profits endowment or an equivalent plan from Bajaj Allianz Life Insurance Company for twice the amount of face value of this policy.

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Bajaj Allianz CashGain | Benefits Key

bhavana — Fri, 03 Dec 2010 04:55:16 +0000

Money back plan which guarantees 125% payout + bonuses.

Quadruple life cover. Five easy payouts which give up to 125% + bonuses.

Additional Benefits:

Accidental Death Benefit and Disability Benefit.
Critical Illness Benefit and Hospital Cash Benefit.
Family Income Benefit: In case of death or accidental total permanent disability of insured, all future premiums are waived and 1% of the sum assured is paid monthly.

Important Details of the Bajaj Allianz CashGain

	Cash Gain Economy				CashGain Gold/Platinum/Diamond
Term	15 Years	20 Years	25 Years	30 Years	15/20/25/30 Years
Minimum Sun Assured	50000	50000	50000	50000	50000
Maximun Sum Assured	No Limit	No Limit	No Limit	No Limit	No Limit
Minimum Age Entry	15	14	13	12	18
Maximum Age Entry	55	50	45	40	50 ( Subject to maximum ageat maturity being 70)
Maximum Age at Maturity	70	70	70	70	70

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Bajaj Allianz Invest Gain | Features & Benefits

bhavana — Fri, 03 Dec 2010 04:17:36 +0000

Bajaj Allianz Life Insurance Offer Invest Gain is an individually designed plan that offers a unique combination of benefits that help you develop a sound financial portfolio for your family.

Most important feature of this life insurance plan is FIB or Family Income Benefit that sustains the family by compensating for loss of income due to death or permanent disability. Under this feature, incase of death or accidental total permanent disability of insured, all future premiums are waived and 1% of the sum assured is paid monthly till the end of policy period or atleast till 10 years whichever is higher.

Additional Benefits of this Life Insurance Plan are:-

Comprehensive Accident Protection.
Critical Illness Benefit.
Hospital Cash Benefit.
4 Times Life Cover at a little extra cost. Limited premium payment option available.

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Bajaj Allianz Jiyo Fit | Overview | Features & Benefits

bhavana — Mon, 27 Sep 2010 05:15:33 +0000

Fitness is essential. Health is Wealth! But few of us actually do something about it. A number of excuses are made to avoid the early morning walk or resist the yummy junk food. Not anymore…

Bajaj Allianz beyond ensuring customer safety and security against the uncertainties in their lives, also ensure that their customers enjoy a fulfilling life, and get incentives for following a healthy lifestyle.

Bajaj Allianz’s new Health and Wellness initiative ‘Bajaj Allianz Jiyo Fit’ – is a program designed for those few privileged individuals who value the art of Healthy Living.

This program looks to promote a proactive and preventive outlook towards one’s health. This outlook has become need of the hour as lifestyle related diseases such as Hypertension, Diabetes, Weight disorders and heart ailments are on the rise due to increased inactivity and unhealthy habits.

The ‘Bajaj Allianz Jiyo Fit’ program aims at encouraging the customers to move towards a healthier lifestyle, by rewarding them for the steps they take in this direction.

The customer stands to benefit from every proactive step taken towards leading a healthier, fitter life.
To illustrate a scenario, enrollment at a gymnasium will come at a discounted price with this program. To encourage the customer further, every subsequent visit to the gym will earn him additional credit points which can be redeemed as per the provisions.

Bajaj Allianz Jiyo Fit is a unique health insurance program is designed to offer you a world of health and wellness benefits as well as health insurance cover.

Key Features

The Bajaj Allianz Jiyo Fit program recognizes your effort at staying healthy and also ensures that individuals like you are adequately rewarded for taking that extra effort at staying Healthy. The Bajaj Allianz Jiyo Fit is powered by YES BANK - Bajaj Allianz Jiyo Fit International Gold Debit Card, which can be used to avail an assortment of unique health & wellness benefits.

A few key benefits of the program include:

Bajaj Allianz Jiyo Fit card is a health-cum- international debit and ATM card in association with YES BANK and powered by Visa
Cashless admission to Bajaj Allianz networked hospitals just by producing the card at the counter
Instant & Hassle-free claim preauthorization and re-imbursement on this debit card
Discounts from gyms, spas, beauty clinics, diagnostic centers and retail chains
Special offers from brands, airlines, hotels and restaurants
Earn and redeem loyalty points at partner outlets/ gift catalogue
Special online shopping catalogue with heavy discounts

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