Bajaj Allianz Future Gain

investment

Bajaj Allianz Future Gain is a Non-Participating Unit-Linked Endowment Plan which ensures that your hard-earned money reaps the maximum gain. Its maximum premium allocation in funds is to increase your fund value overtime. The Investor is offered 7 alternate fund options and choice of 2 investment portfolio strategies. The plan offers 5 rider options with which the investor can further enhance the coverage of the plan.

The plan also provides a free-look period where you can cancel the policy within 15 days in case of offline mode and 30 days if policy is purchased online from its receipt. If you do not agree with the terms and conditions, you can cancel the policy during this free-look period. On the policy cancellation, the premium paid will be refunded after deducting some charges levied by the company such as proportionate risk premium for the covered period, medical examination charges, and stamp duty charges, etc.

Best Features of Bajaj Allianz Future Gain 

Following are the best features of Bajaj Allianz Future Gain which makes it distinctive from its counterparts:

  • Fund Options:  The plan comes with 7 different fund options, which can be switched freely unlimited times.
  • Premium Payment Frequency: The premium can be paid monthly, half- yearly, quarterly, and yearly.
  • Top-Up Premium Option:  The investor can increase the investment by paying additional amount over and above the   regular or limited premium amount.
  • Premium Payment Options: The plan provides the flexibility to choose from 2 premium payment options- regular pay and limited pay.
  • Rider Benefits: Bajaj Allianz Future Gain offers 5 different rider options which can be selected at the time of policy inception.
  • Sum Assured Reduction Option:  The plan gives you an option to decrease the sum assured under the base policy.
  • Premium Reduction Option: The plan offers the option to reduce the regular or limited premium after the first 5 years of the policy.
  • Policy Revival: The discontinued policy can be revived within 3 consecutive years from the date of first unpaid premium. 

Benefits of Bajaj Allianz Future Gain 

Bajaj Allianz Future Gain offers various benefits, which are as followed:

  1. Maturity Benefit

On the maturity of the active policy, the maturity benefit will be the Regular Premium Fund Value and Top-Up Premium Fund Value available on the maturity date.

  1. Death Benefit

In case the investor dies within the term of the policy, then the death benefit is payable as lump sum in the following ways:

  • The higher of pre-decided sum assured or Premium Fund value and
  • The higher of Top-Up sum Premium assured or Top-Up Premium Fund Value.

If the ‘Guaranteed Death Benefit’ i.e. 105% of the total premiums paid till the date of death is higher than the above benefits, then the same is payable to the nominee.

  1. Surrender Benefit

If you want to surrender or discontinue the policy before the maturity then the surrender benefit is payable as:

  • If the surrender is during the lock-in period then, the Regular Premium Fund Value minus surrender charges plus Top-Up Premium Value (if any ) will be transferred to the Discontinued Life Policy Fund.  The discontinuance value at the end of the lock-in period will be payable to the investor as Surrender Benefit.
  • If the policy is surrendered after the lock-in period, the Regular Premium Fund Value plus Top-Up Premium Value (if any ) as on the date of surrender will be paid to the investor.

After the payment of the surrender benefit, the policy will terminate and there will be no accrued benefits.

  1. Rider Benefits

Bajaj Allianz Future Gain offers the following 5 additional riders to increase the life cover protection during uncertain times:

  • Accidental Death Benefit Rider 
  • Accidental Permanent Total or Partial Disability Benefit Rider 
  • Critical Illness Benefit Rider 
  • Family Income Benefit Rider 
  • Waiver of Premium Benefit Rider

Bajaj Allianz Future Gain Eligibility

Eligibility Criteria for the Bajaj Allianz Future Gain 

Bajaj Allianz Future Gain

Minimum Age at Entry

(years)

1 Year

Maximum Age at Entry

(years)

60 Years

Minimum Age at Maturity

(years)

18 Years

Maximum Age at Maturity

(years)

70 Years

Policy Term

Min 10 Years to Max 30 Years (based on PPT)

Premium Payment Term

(PPT)

5 Years to 30 Years

Premium Payment Frequency

  Annual, Half-Yearly , Quarterly, and Monthly  

Basic Sum Assured

Less than 45 years- 10 times annualised premium

Greater than or equal to 45- 7 times annualised premium

Min & Max 

Top-up Sum Assured

For below 45 years of age: 1.25 times of top-up premium

For 45 years of age and above: 1.1 times of top-up premium 

Bajaj Allianz Future Gain Fund Options

The plan comes with 2 unique portfolio strategies namely Investor Selectable Portfolio Strategy and Wheel of Life Portfolio Strategy. The portfolio strategy can be selected at the time of  inception of the policy or at the anniversary of the same. 

  1. Investor Selectable Portfolio Strategy - Under this strategy, you can allocate the premiums as per your choice among the following 7 fund options:

Fund Name

Asset Class


 

 


 

Money market                             Bank Deposits                                   Equity                               

Instruments, cash             

and deposits,    

liquid mutual                    

funds

 


 

Fund Composition

Risk and Return Rating

Equity Growth Fund II 

0%-40%

0%-40%

Not less than 60%

Very High

Accelerator Mid-Cap Fund II

0%-40%

0%-40%

Not less than 60%

Very High

Pure Stock Fund

0%-40%

0%-40%

Not less than 60%

Very High

Asset Allocation Fund II

0%-50%

0%-60%

40%-90%

High 

Bluechip Equity Fund 

0%-40%

0%-40%

Not less than 60%

High 

Bond Fund

0%-60%

40%-100%

-

Moderate 

Liquid Fund

-

100%

-

Low 

  1. Wheel of Life Portfolio Strategy:  Under this strategy, Bajaj Allianz Life Insurance will allocate your premiums to various funds basis the outstanding years to maturity. This strategy aims to maintain a balance between your years to maturity and risk level of your investments, to help you earn maximum returns. 

The premiums will be allocated to the funds in the following manner:

Years to Maturity

Proportion in following 3 funds in %

 


 

Bluechip                   Equity Growth          Accelerator             Total Equity Fund             Fund II                       Mid Cap Fund II


 

Bond Fund 

(%)

Liquid Fund

(%)

20 and above

20

50

30

100

0

0

19

30

50

20

100

0

0

18

30

50

20

100

0

0

17

30

50

20

100

0

0

16

30

50

15

100

0

0

15

40

40

10

95

5

0

14

40

40

5

90

10

0

13

40

40

0

85

15

0

12

40

40

0

80

20

0

11

40

35

0

75

25

0

10

40

30

0

70

30

0

9

40

25

0

65

35

0

8

40

20

0

60

40

0

7

40

15

0

55

45

0

6

40

10

0

50

50

0

5

40

5

0

40

55

5

4

30

0

0

30

60

10

3

20

0

0

20

65

15

2

10

0

0

10

70

20

1

0

0

0

0

80

20

Bajaj Allianz Future Gain Review

Bajaj Allianz Future Gain is a cost effective investment plan which focuses on boosting your funds along with ensuring protection for your life with its death benefit. One of the unique features of the plan is its portfolio strategy option wherein it allows the investors to either personally choose how the premiums are allocated to as many as 7 fund options or let the insurance company do the allocation to the funds depending upon the years to maturity. The other notable features of this plan are partial withdrawal, option to switch between funds, and top-up premium. 

The plan provides enough flexibility to the investors by offering various premium paying frequencies and methods. Bajaj Allianz Future Gain also provides a grace period of 30 days (15 days if monthly mode is chosen) to the investor in case the due premiums are not made in time. If the premium is not paid even during the grace period, the policy discontinues. However, the policy can be revived till 3 years from the first unpaid premium. People who are looking for a flexible and customisable ULIP to increase their wealth can shortlist this plan.

Bajaj Allianz Future Gain Frequently Asked Questions (FAQs)
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  • Registration No. 700. Valid till 16/02/2023
  • CIN - U66000DL2019PTC355671