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As one continues to cross life key milestones, life goals evolve and increase as well.
ULIP Insurance With More Life Cover - Bajaj Allianz Life Future Wealth Gain
As one continues to cross life key milestones, life goals evolve and increase as well. Thereby, the expectations from ones investments increase manifold. You look for options that offer sound returns along with securing the life goals of your loved ones in your absence, or having a financial support system in case any critical illness were to strike, amongst others. Bajaj Allianz Life Future Wealth Gain, a non-participating, individual, life, unit-linked regular/ limited premium payment endowment plan, offers the dual benefit of protection and growth to fulfil your expectations from your investments. It comes with two variants - Wealth Plus and Wealth Plus Care. This holistic investment solution enables you to plan for your life goals in a disciplined manner.
KEY ADVANTAGE
Two portfolio strategies
Investor Selectable portfolio strategy enables you to choose from eight different funds. under the wheel of life portfolio strategy.your investment in different funds is done basis years to maturity based strategy you have the option to change between these strategies in keeping with your evolving life stages risk appetite or needs.
Fund booster
A percentage of the annual premium is added to the fund value at maturity of the plan thereby enhancing the the overall maturity amount.
Loyalty additions
The policy rewards your decision to stay invested by adding a specified percentage of the annualized premium to the fund value every five years from the 10th policy year onwards.
Income Benefits
In Wealth plus care variant during the premium payment term on death of the life assured or the first detection of cancer future premiums on respective due dates will be paid to the nominee of life assured as the case maybe.
Maturity Benefits
Under both variant on maturity the fund value will be payable
Rider Benefits
On the other hand the wealth plus care variant offers optional rider of accidental death benefits rider and accidental permanent total partial disability benefits.
Variants
Wealth plus care
Benefits payable
Maturity Benefits
On the maturity date you will receive the regular premium fund value plus top up premium fund value.
This variant has an accelerated cancer cover along with an income benefit feature.
Death Benefit
If the life assured has paid all the premiums then in case of his/her unfortunate death or first diagnosis of cancer the nominee life assured gets the higher of.
Sum assured plus top up sum assured if any or fund value as on date of receipt of intimation of death or the first diagnosis of cancer.
The plan ensures a guaranteed benefits of 105% of the total premiums paid till the day of death or first diagnosis of cancer where the total premiums paid is (annualized premium x number of years for which premiums have been paid ) top up premiums if any,paid.
Plus
Income benefits is the total sum of all the regulars premiums due under the policy after the date of death or diagnosis of cancer. Each installment of the income benefit is equal to one regular premium due dates.
Income Benefit is not payable if the death or the first diagnosis of cancer occurs after the premium payment term.
Two portfolio strategies
Investor selectable portfolio strategy enables you to choose from eight different funds. Under the wheel of life portfolio strategy, your investment in deferent funds done based strategy you have the option to change to change between these strategies in keeping with your evolving life stages risk appetite or needs.
ELIGIBILITY
Entry Age
Minimum Age at Entry
0 year In the case of minor life, the risk cover will commence immediately on date of commencement of policy, and policy will vest on the life assured on the attainment of majority (i.e., age 18 years).
Maximum Age at Entry
60 years
If more than one rider is chosen under the policy, the maximum age at entry shall be restricted to 50 years.
Maturity Age
Minimum age at maturity
18 years
Maximum age at maturity
75 years
Policy Term
Premium Payment Frequency
Yearly, Half-yearly, Quarterly and Monthly
Quarterly & Monthly premium payment frequency will be available under salary deduction scheme & ECS
Premium
Minimum Top up premium is ₹ 5,000
Minimum Sum Assured
7 times Annualized premium
Maximum Sum Assured
10 times Annualized premium
Subject to a maximum sum assured of ₹ 1 Crore including Top-up sum assured
Minimum/ Maximum Top up Sum Assured
125% of Top up premium
Age calculated is age as at the last birthday
Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier
