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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