Bajaj Allianz ULIP Plans
When you buy a ULIP, you get the combined benefits of insurance along with market returns. And when it comes to picking the best ULIP Plan, Bajaj Allianz surely tops the list. The plans offer you the best of both worlds and allow you to manage your changing financial circumstances and to balance your investment portfolio.
Main Features of Bajaj Allianz ULIP Plans
|Name Of Plan||Entry Age||Policy Term|
|Bajaj Allianz Life Smart Wealth Goal||0 -60 years|
Minimum- 10 years
Maximum- 30 years
|Bajaj Allianz Life LongLife Goal||18-65 years||99 minus age at entry of life assured|
|Bajaj Allianz Life Goal Assure||0 -60 years||5/ 10/ 15 or 20 years|
|Bajaj Allianz Future Gain||1 - 60 years|
10/ 15 to 20 years OR
10/ 15 to 30 years
(Depending on the plan selected)
|Bajaj Allianz Fortune Gain|
1 - 63 years
Maximum- 30 years
|Bajaj Allianz Life Principal Gain||7 - 60 years||7 to 15 years|
|Bajaj Allianz Life Goal Based Saving||0 - 60 years||5/ 10/ 15 or 20 years|
|Bajaj Allianz Life Future Wealth Gain||0 - 60 years||10 years OR 15 to 25 years|
Benefits of Buying Bajaj Allianz ULIPs
- Protects Your Loved Ones
When you invest in Bajaj Allianz ULIPs, they help you offer your loved ones a financially safe and secure future. No matter what the future has in store, whether your family is with or without you, they would be comfortable.
- Flexible Investment
ULIPs are regarded to be a very flexible investment. With the option of fund switching, you can alter the investments as per the condition of the market or as per your requirements.
- Caters to Emergencies
Life is unpredictable, and if you need to make a partial withdrawal from the accumulated funds, you can easily do so once the lock-in period is over.
- Long Term Investment
When you commit to long-term investment, you save diligently. The small but regular premium that you pay helps you in creating wealth.
- Tax Benefits
Another big benefit of a ULIP is that it makes you eligible for a number of tax benefits. The premiums paid are tax-exempted under Section 80C, of the Income Tax Act 1961. The maturity benefit and death benefit are tax-free under Section 10 (10D), of the Income Tax Act 1961.
- Excellent Payouts
Over the past few years, Bajaj Allianz ULIPs have offered excellent returns to their policyholders. People with diverse risk appetite have benefited from the high NAVs.
Most Popular ULIPs by Bajaj Allianz
- Bajaj Allianz Smart Wealth Goal
The Smart Wealth Goal is a unit-linked non-participating life insurance plan that offers you three variants to choose from. You have the Return of Premium Allocation charge. You also have the option to reduce the premium.
- Bajaj Allianz Life LongLife Goal
This is a unit-linked non-participating whole life insurance plan which offers cover for your entire life. A flexible plan, it allows you to opt for income in your retirement. You can purchase this policy online and also choose from 4 investment strategies and 8 investment funds.
- Bajaj Allianz Life Goal Assure
A unit-linked non-participating life insurance plan, the Life Goal Assure plan offers loyalty additions from the 6th year onwards. You have the option to choose from the four management strategies and eight investment funds.
- Bajaj Allianz Future Gain
In this unit-linked endowment insurance plan, there are low premium allocation charges for a premium over INR 2 lakhs, so the highest amount of premium is invested. You have the option to increase the coverage through various riders. You also have the option to increase the premium payment term.
- Bajaj Allianz Fortune Gain
In this unit-linked non-participating life insurance plan, you have the option of up to 99.5% fund allocation for premium which is INR 10 lakhs and above. Along with loyalty additions, you can also avail unlimited systematic switching options and free fund switches.
- Bajaj Allianz Life Future Wealth Gain
A unit-linked endowment life insurance plan, in Life Future Wealth Gain Plan a share of the annual premium is included in the fund value at the time of maturity as a fund booster. This plan also offers riders that help you further enhance the cover.
- Bajaj Allianz Life Goal Based Saving
Bajaj Allianz Life Goal Based Saving is a new-age unit-linked insurance plan that offers Return of Mortality Charges. The plan allows you to choose between different premium payment options and also from 8 funds. In case of a financial emergency, you have the option to make lump-sum withdrawals from the accumulated fund.
- Bajaj Allianz Life Principal Gain
The Life Principal Gain by Bajaj Allianz is a unit-linked insurance plan that comes with guaranteed maturity along with the possibility of high returns.
Riders with Bajaj Allianz ULIPs
Depending on the kind of ULIP that you opt for, the following riders that can be opted for:
- Bajaj Allianz UL Accidental Death Benefit Rider
- Bajaj Allianz UL Accidental Partial/ Total Permanent Disability Benefit Rider
- Bajaj Allianz UL Family Income Benefit Rider
- Bajaj Allianz UL Waiver of Premium Benefit Rider
- Bajaj Allianz UL Critical Illness Benefit Rider
Insight on Bajaj Allianz ULIPs
Bajaj Allianz ULIPs offer you the opportunity to generate wealth for your life ahead. The premiums that you pay not only offer you a life cover but are also invested in the market funds of your choice. Depending upon your risk appetite, you can invest in high-risk/ moderate risk / low-risk investment options. Another advantage of Bajaj Allianz ULIPs is that they cater to a very wide strata of customers. Their affordable premiums make it possible for all to invest as per their needs.
Bajaj Allianz is a pioneer in online ULIPs and its plans
have generally recorded high NAVs. While offering excellent returns to people with a long-term investment horizon, ULIPs also help in inculcating the habits of saving across life stages.