Bajaj Allianz Life Goal Assure, A New Age ULIP With Return of Mortality Charges

Spread the love

Today, almost every one of us wants to have an investment solution that is convenient, reliable and has great value. This is where a ULIP will benefit you, and with its additional life cover, the investment solution is on par, if not above many other market linked investments.

Recently, Bajaj Allianz Life Insurance launched Bajaj Allianz Life Goal Assure, the game changer for the new-age retail investors who are looking for investment solutions backed by reliable investment performance.

So, what is Bajaj Allianz Life Goal Assure All About?

Bajaj Allianz Life Goal Assure is a new age life goal based ULIP investment solution that has been planned exclusively to give an opportunity to the life maximizers, the new generation of investors in India to plan their #LifeGoals, a once in a life time experience without any stress or worries.

The Key Features –

Return of life cover charges –

The Return of life cover charges is a one of its kind feature within ULIPs in India. It guarantees that a policyholder will get back the cost of the life cover at the end of the policy term on the date of maturity. The total amount of charges against life cover deducted throughout the policy term w.r.t regular premium and top-up premium, if any, will be added back, respectively, into the Regular Premium Fund Value and into the Top-Up Fund Value, as applicable.

Return Enhancer: Option to Take Maturity in Instalments

At the time of maturity if the investor opts to receive the maturity benefit in instalments (and not lump-sum), the investor will receive the benefit of Return Enhancer which is an addition of 0.5% of each due instalment. During this period, the customer’s fund value will continue to participate in the fund(s) of his/her choice.

Fund Booster at Maturity –

For policy term of 10 years or greater, fund booster will be added to the regular premium fund value, provided all premiums have been paid till date. The fund booster as per cent of annualized premium for 10, 15 and 20 years are 20%, 40% and 60% respectively.

Loyalty Additions –

Bajaj Allianz Life Insurance shall allocate loyal additions to the regular premium fund value as percentage of one annualized premium from 6th year if all the premiums have been paid till date. The loyal additions are 0.5%, 1% and 1.5% of 10 years, 15 years and 20 years respectively.

Choice of Four investment portfolio strategies –

Based on your investment pattern to achieve your life goals, Bajaj Allianz Life Goal Assure gives you a choice to choose from four investment portfolio strategies –

  1. Investor Selectable Portfolio Strategy
  2. Wheel of Life Portfolio Strategy
  3. Trigger Based Portfolio Strategy and
  4. Auto Transfer Portfolio Strategy.

Choice of Eight Funds –

As an investor, you have an option of eight funds to invest. Good thing is you can switch between them without any tax liability.

Change the Premium Paying Term –

There is an option to decrease or increase your premium paying term after the end of the 5th year, provided all premiums have been paid till date.

Option to Decrease the Sum Assured

If your sum assured is higher than 10 times of your annualized premium, you have an option to reduce your sum assured anytime during the policy term. However, once reduced, you cannot increase the sum assured later during the policy term

Tax Benefits

This plan offers tax benefits at the time of investment as well as on maturity. Tax Benefit on investment up-to INR 150,000 can be claimed as a deduction under section 80C (Life Insurance). Under Section 10(10D), for ULIPs, where the premium payable to the sum assured does not exceed 10%, the amount received on partial withdrawal or maturity is exempt from tax.

Why Bajaj Allianz Life Goal Assure

In this fast-paced life, accomplishing #LifeGoals needs a well-articulated financial planning. Now that Bajaj Allianz Life Goal Assure has been formulated keeping in mind all the practical #LifeGoals of today, from foreign education, dream home to building a start-up, it is only an intelligent decision to make a smart move today and start planning for your #LifeGoals. Nevertheless, Bajaj Allianz Life Goal Assure is a life goal-based investment plan (ULIP) that helps you to financially plan your life goals without any stress.

Want to know more about the plan? Download the brochure here, call them at 1800-209-7272 or simply chat with them online here

Facebook Comments
About Deepti Verma 152 Articles
Deepti Verma is a Political/Social Writer and Researcher based in Navi Mumbai. A lightworker, she is often seen spreading the light via Law of Attraction, Positive Affirmations and other Manifestation as well as self-healing techniques. Follow @universal_rover