Bajaj Allianz Life Insurance today launched yet another innovative product - Bajaj Allianz Max Gain - a ULIP plan that offers the highest NAV tracked on a daily basis. This is the first ULIP plan which locks the highest NAV over the policy term and paid on maturity unlike other products presently available in the market which has fortnightly or monthly NAVs declared. Besides this Bajaj Allianz Max Gain offers the following features -
* Up to 350% of total allocation charges as Guaranteed Addition at maturity
* Up to 100% allocation from 3rd policy year
* Option to pay Unlimited Top-Up
* Option to increase/ decrease regular premium
Kamesh Goyal, Country Manager, Allianz & CEO, Bajaj Allianz Life Insurance, said, "The USP of Bajaj Allianz Max Gain is that it locks the highest NAV, which is declared on a daily basis and is in line with the fluctuations in the market. This gives an opportunity to the customers the real benefit to participate in the upside of the market. The low entry premium ensures consumers of all strata to participate in the market. We feel that other options like unlimited top-up, withdrawal or facility to increase/decrease regular premium makes it unique for the customers looking for the best ULIP product."
"This is the first ULIP product that offers unmatched options and the best of the returns which ensures the fluctuations in the market has minimal impact. While designing this product we have also ensured that the product scores better than those presently available in the market." commented Anil Singh, Head - Actuarial & Product Development, Bajaj Allianz Life Insurance.
Flexibility Features:
* Settlement Option
* Choice of two riders (UL ADB & UL APT/PDB)
Guaranteed Benefits
* Guaranteed unit price at maturity as the highest NAV monitored on a daily basis.
* Guaranteed Addition at the maturity date for an amount equivalent to the following:
Unique Features
* Participation in the upside of the equity market while ensuring payment of the maximum NAV at maturity.
* Refund of allocation charges up to 350% of total allocation charges deducted till maturity as guaranteed addition at maturity
* The Policyholder receives allocation upto 100% from 3rd Policy Year.
* The policy continues to participate in investment performance of the Fund. Even if the Policyholder is not able to pay 3 full years premium.
* No surrender charge
* Option to increase/decrease regular premium.
* Partial Withdrawals anytime after three years from the commencement of policy provided three full years premiums are paid.
* Option to pay unlimited Top Up premiums till seven years from the commencement of the policy, to further enhance your savings.
* Option to add additional rider benefits for additional protection.
* Minimum/Maximum Sum Assured: 5 times Annualised Premium.
/afaqs/media/member_avatars/b19bc90752f22463c21493ea40ad04dd26b32ea4045d163717734c0181e00e52.png )
Follow Us/afaqs/media/agency_attachments/2024-10-10t065829449z-afaqs_640x480.png)
/afaqs/media/post_attachments/c754cb0fe9496413449e91aa612a308b9f04627027ab841beba61c222cea7190.jpg)
/afaqs/media/post_attachments/be9eec8500f52f2c129f6b5872c01533c9f003c20c1e7b0586ff5c52cf8296d6.jpg)