Bajaj Allianz PoS Goal Suraksha
I am looking for
| Launch Date | UIN | Status |
| 10/8/2018 | 116N155V01 | Active |
Why This Plan Should Not Be Missed by Anyone
- Rare opportunity to lock high returns for the next 10/15 years
- Returns of up to 6.20% tax-free
- At the highest tax slab (30%), effective returns will be upwards of 8.8% (pre-tax)
- FD rates as of Oct 2018 for 3-year FD is 7.5% and 5-year FD is 7.25% (constantly reducing)
The current FD rates of about 7.25% (Oct 2018) will reduce significantly in the coming years because of the following major national and international developments:
- Reduction in crude oil prices
- Decline in interest rate of G-Sec (Government of India Securities)
- Appreciation of the Rupee
- Decline in inflation
Current FD Rates
Long-term FD rates are already low, as seen in the following figures (Oct 2018):
|
Sr. No. |
Bank |
3 – 5 Yrs |
5 – 10 Yrs |
|
1 |
ICICI |
7.25% |
7.00% |
|
2 |
SBI |
6.80% |
6.85% |
|
3 |
Axis |
7.25% |
7.00% |
The reduction of FD rates in India and other countries over a 15-year period is demonstrated in the following table:
|
|
Bank of Japan Interest Rates |
US Federal Rates |
SBI FD Rates |
|
|
Bank of Japan Interest Rates |
US Federal Rates |
SBI FD Rates |
|
1992 |
4.30% |
4% |
13% |
|
2006 |
0.00% |
4.00% |
7.00% |
|
1993 |
2.30% |
3.00% |
11.00% |
|
2007 |
0.60% |
5.30% |
8.00% |
|
1994 |
1.80% |
3.00% |
10.00% |
|
2008 |
0.50% |
4.00% |
8.50% |
|
1995 |
1.80% |
4.80% |
11.00% |
|
2009 |
0.10% |
1.00% |
8.50% |
|
1996 |
0.50% |
5.80% |
13.00% |
|
2010 |
0.50% |
0.30% |
8.50% |
|
1997 |
0.50% |
5.30% |
13.00% |
|
2011 |
0.00% |
0.30% |
8.80% |
|
1998 |
0.50% |
5.80% |
12.00% |
|
2012 |
0.00% |
0.30% |
9.00% |
|
1999 |
0.30% |
5.00% |
11.50% |
|
2013 |
0.00% |
0.30% |
8.75% |
|
2000 |
0.00% |
5.70% |
10.50% |
|
2014 |
0.00% |
0.30% |
8.75% |
|
2001 |
0.30% |
6.50% |
10.00% |
|
2015 |
0.00% |
0.30% |
8.40% |
|
2002 |
0.10% |
1.90% |
8.50% |
|
2016 |
-0.06% |
0.50% |
7.00% |
|
2003 |
0.10% |
1.50% |
6.30% |
|
2017 |
-0.10% |
1.30% |
6.90% |
|
2004 |
0.00% |
1.00% |
5.50% |
|
2018 |
-0.10% |
1.75% |
6.80% |
|
2005 |
0.00% |
2.20% |
6.30% |
|
|
|
|
|
What You Pay and What You Get
What you pay in total if you pay Rs 1,00,000/year
|
PPT – PT / Age |
18 |
20 |
25 |
30 |
35 |
40 |
45 |
50 |
|
5 - 15 |
5,00,000 |
5,00,000 |
5,00,000 |
5,00,000 |
5,00,000 |
5,00,000 |
5,00,000 |
5,00,000 |
What you get if you pay Rs 1,00,000/year
|
PPT – PT / Age |
18 |
20 |
25 |
30 |
35 |
40 |
45 |
50 |
|
5 - 15 |
11,28,000 |
11,28,000 |
11,13,000 |
11,13,000 |
11,05,000 |
11,05,000 |
11,05,000 |
10,95,000 |
Multiplier Factor
|
PPT – PT / Age |
18 |
20 |
25 |
30 |
35 |
40 |
45 |
50 |
|
5 - 15 |
2.26 |
2.26 |
2.23 |
2.23 |
2.21 |
2.21 |
2.21 |
2.19 |
The Internal Rate of Return (IRR) at various PPT/PT combinations:
|
PPT – PT / Age |
18 |
20 |
25 |
30 |
35 |
40 |
45 |
50 |
55 |
|
7 - 10 |
5.78% |
5.78% |
5.71% |
5.71% |
5.64% |
5.64% |
5.64% |
5.56% |
5.56% |
|
5 - 15 |
6.21% |
6.21% |
6.10% |
6.10% |
6.04% |
6.04% |
6.04% |
5.97% |
NA |
|
7 - 15 |
6.09% |
6.09% |
5.76% |
5.76% |
5.59% |
5.59% |
5.59% |
5.23% |
NA |
|
10 - 15 |
6.13% |
6.13% |
5.70% |
5.70% |
5.41% |
5.41% |
5.41% |
5.26% |
NA |
This translates into the following pre-tax returns at 30% (effectively 31.2%) bracket:
|
PPT – PT / Age |
18 |
20 |
25 |
30 |
35 |
40 |
45 |
50 |
55 |
|
7 - 10 |
8.25% |
8.25% |
8.15% |
8.15% |
8.05% |
8.05% |
8.05% |
7.94% |
7.94% |
|
5 - 15 |
8.87% |
8.87% |
8.71% |
8.71% |
8.63% |
8.63% |
8.63% |
8.53% |
NA |
|
7 - 15 |
8.70% |
8.70% |
8.22% |
8.22% |
7.99% |
7.99% |
7.99% |
7.47% |
NA |
|
10 - 15 |
8.76% |
8.76% |
8.15% |
8.15% |
7.73% |
7.73% |
7.73% |
7.51% |
NA |
COMPARE & BUY SIMILAR PLANS
Company Overview
Bajaj Allianz Life Insurance Company is a joint venture between Bajaj Finserv Limited, a leading financial services provider and brand in India, and Allianz SE, a leading financial services provider in the world.
With a focus on customer delight, competitive pricing and efficient customer service the company has earned customer's trust and market leadership in a very short span. Bajaj Allianz offers a wide range of products, such as group insurance, Child plans, ULIP’s and health insurance.
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