Bajaj Allianz Life Insurance is about to launch a unit-linked plan, with offering a minimum 170% guaranteed maturity. This
guaranteed returned Ulip will be available in market for customers from January 11. Bajaj Allianz announce that this is a
single-premium life insurance policy, and named as “Shield Plus” with 10 years fixed term and Rs 25,000 is the minimum
premium requirement for this Shield Plus term plan product.
The return of this term plan product can be compared with bank deposite and post office deposite. This product will return you arround 5.45% PA, But since the product has an equity exposure, and BimaDeals experts pridicting its strong possibility of outperformance over the long term because of Policies nature and market segmentation.
The sum assured could be equal to five times of the single premium paid or 1.1, which takes care of the protection
element of the Ulip. However, the insurer has capped the maximum sum assured at 1.1 times the single premium for individuals
in the age group of 56-65 years.
The product offers a choice of six funds but only Shield Plus Fund offers minimum guaranteed unit price at maturity.
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