Fortune Plus of Bajaj Allianz Life Insurance is a Life insurance Plan that offers financial security as well as investment opportunity to its insured customer. In this policy the insured would be getting an opportunity to invest their fund on various securities.
Features and benefits of Fortune Plus are:
• Here the insured will get guaranteed life cover as well as the flexibility to choose their very own insurance policy according to need and requirement.
• In this policy the insured would be getting two investment portfolio strategies so as to facilitate the better management of the investment.
• This policy has a unique feature that is known as Wheel of Life portfolio that helps the insured to offer enhanced safety to the investment of the insured.
• In case of financial problem, insured can do partial and full withdrawal.
• There is also an option to either increase or decrease the insurance premium depending on the needs and requirement of the insured.
• Riders like accidental death benefit, critical illness benefit, waiver of premium benefit, family income benefit and total and partial disability are also available in this policy.
• Tax benefits are also offered to the insured in this policy, which is as per the provisions of the various sections of Indian income tax act 1961. The tax benefits are applicable mainly on to the insurance premium and also the amount that has been withdrawn from the fund by using partial withdrawal.
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Tags: Bajaj Allianz Life Insurance, insurance policy, Life Insurance