New Unit Gain Plus SP is an insurance plan that has been designed to offer excellent insurance coverage regarding the ever changing needs and requirements of life. Apart from this, the policy even offers investment options to the insured on certain securities thereby promising excellent returns on the investment.
Features and benefits of New Unit Gain plus SP of Bajaj Allianz are:
• This policy is a single pay policy that means the premium needs to be paid only once.
• The insurance policy also offers the option of making top up payments so as to further enhance the policy sum and that can be done at any point of time during the tenure.
• In case of uncertain death of the insured the nominee will get the entire assured sum.
• Partial withdrawal feature has been included in this policy that allows the insured to withdraw certain sum from their insured fund so as to overcome certain financial difficulties of obligations.
• The insured is offered with a choice of five investment funds and there is also the option of switching from one fund to another and that too at free of cost.
• Flexible fund management services would also be availed by the insured in this policy.
• This policy is highly flexible and it can be easily customized as per the needs and requirement of the insured.
• The premium that is to be paid for making the policy more effective is eligible for tax benefits as per the various provisions of the Indian Income Tax Act, 1961.
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