Bajaj Allianz launches two news ULIPs

Company Brief

Pune, September 3, 2010

Bajaj Allianz Life Insurance has launched two new ULIPs following the new guidelines issued by IRDA coming into force. These products are Bajaj Allianz Max Advantage and Bajaj Allianz Wealth Insure.

Max Advantage is a ULIP plan that locks the highest NAV guarantee during the entire policy period of 10 years tracked on a daily basis through one of its funds Max Gain Fund II. The plan comes with new features such as refund of 60% of the total allocation charge at maturity as Guaranteed Addition and the option to select premium payment term of 5 to 7 years at inception. Besides this, Bajaj Allianz Max Advantage offers the following features:

* Flexibility to change the premium payment term

* Payment of an additional sum assured in case of accidental death

* Choice of 5 investment funds to invest in as per your risk appetite

* Flexibility to pay top-up premium and make partial withdrawals

* Unlimited free switches in funds other than Max Gain Fund II

Wealth Insure is a single premium endowment ULIP that provides a hassle-free way of investing money as well as taking care of insurance needs. The unique features of this product are:

* Loyalty addition up to 7% of single premium at the end of fifth year

* Choice of 7 investment funds to invest in as per your risk appetite

* Flexibility to pay unlimited top-up premium and make partial withdrawals

* Flexibility to receive the maturity proceeds as settlement option

* Flexibility to decrease your sum assured

* Systematic switching option to manage your investments better

* Optional additional rider benefits to enhance your protection

Akshay Mehrotra, Head – Marketing, Bajaj Allianz Life Insurance, said, "The new guidelines on ULIPs have made the product a very customer friendly investment tool. We feel that the features of highest NAV guarantee at maturity, refund of 60% total allocation charges & flexibility to choose the term in Max Advantage, give customers the advantage whether the market goes up or down." He also added, "The ease of managing your investments with a single premium product like Wealth Insure Plan make these two plans unique for the customers looking for the best ULIP products."

For further information, please contact:

Bajaj Allianz

Jagriti Singh

Mobile: +919665027044