Bajaj Allianz Future Gain

About Bajaj Allianz Future Gain

• Bajaj Allianz Future Gain is a unit linked insurance plan (ULIP)
• It is a protection-cum-investment plan
• This plan offers flexibility to invest in equity market with 7 fund options
• Bajaj Allianz Future Gain offers option of two portfolio management strategies (Investor Selectable Portfolio Strategy or Investor Selectable Portfolio Strategy)
• Offers structured payout option of the maturity benefit for specific life goals
• Offers different options of death benefit payout as well
• This plan offers 5 additional benefits in the form of riders
• Option to pay top-up premiums

How does this plan work?

Under this plan an individual chooses a term from between 10 to 30 years alongwith the premium paying term (5 to 30 years) and opts either of the two portfolio management strategies:

• Investor Selectable Portfolio Strategy: In this option one can allocate his/her savings in the 7 funds of their choice.
• Wheel of Life Portfolio Strategy: This is a unique and personalized strategy to create an ideal balance between equity and debt, depending upon the individual’s policy term (“Years to maturity”)

After the policy term is over on maturity, the insured receives maturity benefit as lump sum or as a structured payout through settlements. The maturity benefit is fund value including top-ups (in form of units). If in-case on unfortunate death of the individual during the policy term, the nominee receives a lump sum as death benefit. The lump sum paid is a higher value from the sum assured or regular premium fund value, and also a higher value of top-up premium sum assured or top-up premium fund value, if any.

Let’s understand this by help of an illustration

Consider,

Person’s age: 35 years
Policy term: 24 years
Premium paying term: 20 years
Sum assured: Rs. 7 lakhs

35 year old person buys this Bajaj Allianz Future Gain policy for a term of 24 years and chooses to pay annual premium of Rs. 50000 for a term of 20 years. The Sum Assured chosen by him is Rs.7 lakh. After the policy term is over, on maturity he receives approximately Rs. 25,27,222 (the regular premium fund value). In case of his unfortunate death in 14^th policy year, the nominee will receive approximately Rs. 11,00,380.

Why should you buy Bajaj Allianz Future Gain ?

• This plan offers benefits of market related investments at nominal charge
• A plan which offers combination of good returns on your savings
• It offers tax benefits on all the premiums paid and claims received as per sections 80CCC and section 10(10A)

Who should buy Bajaj Allianz Future Gain ?

• Individuals who want to diversify their investments
• Individuals who are looking out for monetary growth of their savings along-with life cover
• Individuals who want additional income

Riders

The following rider options available are:

Bajaj Allianz ULIP Accidental Death Benefit Rider: Additional sum assured is paid in case of Accidental Death of the insured person.

Bajaj Allianz ULIP Accidental Permanent Total/ Partial Disability Benefit Rider: Additional sum assured is paid in the event of Accidental Permanent Total/ Partial Disability of the insured person.

Bajaj Allianz ULIP Critical Illness Benefit Rider: Protects financially in case of occurrence of 11 critical illnesses including Cancer of specified severity so that money is available when it is needed the most.

Bajaj Allianz ULIP Family Income Benefit Rider: Offers benefit to waiver of all future premiums payable and guarantees security of income to the family on earlier occurrence of untimely death, accidental permanent total disability or critical illness. Making sure the family is financially secure always for a worry free life.

Bajaj Allianz ULIP Waiver of Premium Benefit Rider: Offers benefit to waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

Claim Process 

Know Claim Process of Bajaj Allianz Future Gain

Claim Process