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Insurance Company
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Bajaj Allianz Life Insurance Company Ltd
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Plan Name
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Bajaj Allianz Century Plus
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Plan Nature
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ULIP
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Plan Category
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Unit Linked - Regular Premium
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UIN No.
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116L053V01
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About Plan
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Bajaj Allianz CenturyPlus offers you a limited premium payment term option and a unique combination of protection and prospects with attractive returns. With 98% allocation in first 2 years and 100% thereafter, we ensure that your investment income gets accelerated and you reap benefits from a plan that delivers prosperity and happiness to you.
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Minimum Entry Age
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8 Years
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Maximum Entry Age
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60 Years
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Minimum Maturity Age
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18 Years
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Maximum Maturity Age
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70 Years
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Minimum Policy Term
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3 Years
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Maximum Policy Term
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10 Years
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Minimum Premium
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Rs 15000
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Minimum Top Up Premium
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Rs.5000/-
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, the fund value in respect of regular premium and top up-premium (if any) will be paid.
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Death Benefits
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· Sum Assured in respect of regular premium and top-up premium (if any) plus the fund value in respect of regular premium and top up premium (if any).· If three years regular premium has not been paid and the policy has lapsed, then the death benefit will be the fund value in respect of regular premium and top-up premium (if any).
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Switch Benefit
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you can switch units between funds with three free switches every policy year, subject to a minimum switching amount of Rs. 5,000 or the value of units, whichever is lower. Switching of units under lapsed policies shall not be allowed
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Partial Withdrawal Benefit
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Anytime after three years from the date of commencement of the policy provided regular premiums for three full years' have been paid, you have the option to partially withdraw units from fund(s) subject to following conditions:1) The minimum amount of withdrawal is Rs. 5,000.2) Maximum partial withdrawal allowed should be equal to fund value minus two annual premiums. This means a minimum fund value of two annual premiums must be maintained at any given time. 3) All partial withdrawals are to be made from eligible top-up premium units, if any. Once the top-up premium units are exhausted, further partial withdrawals will be made from regular premium units.4) For the purpose of partial withdrawals, each payment of top-up premium shall have a lock-in period of three years, unless the payment of top-up premium is made in the last 3 policy years.5) In case of minor life, partial withdrawal is allowed after attaining the age of 18 years. 6) No charge is applicable on partial withdrawals either from top-up premium units or from regular premium units.7) We may vary the minimum value of units at NAV to be withdrawn and/or the minimum balance of value of units to be maintained after such partial withdrawals subject to prior approval from IRDA.
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Surrender Benefit
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· The surrender value of the policy will be equal to the fund value less surrender charge, if any.· After three years from the date of commencement of the policy, you have the option to avail of surrender benefit by complete surrender of units at any point of time.
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Guaranteed Benefit
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If your policy is not terminated, we shall allocate Guaranteed Addition at the end of the sixth policy year and thereafter, at the end of each policy year at the unit price as on date of allocation. Guaranteed Addition as a percentage of fund value in respect of regular premium will be allocated only to policies where Annualized Premium is greater than or equal to Rs. 100,000.No Guaranteed Addition for Top-up premium(if any).
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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UL Accidental Death Benefit [116A013V01]
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UL Accident Permanent Total/Partial Disablity Benefit [116A014V01]
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Bajaj Allianz Life Insurance value your investment and reward you for regular investments, giving you unmatched benefits with great returns.It offers you a limited premium payment term option and a unique combination of protection and prospects with attractive returns. With 98% allocation in first 2 years and 100% thereafter, we ensure that our investment income gets accelerated and you reap benefits from a plan that delivers prosperity and happiness to you.
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If your policy is not terminated, we shall allocate Guaranteed Addition at the end of the sixth policy year and thereafter, at the end of each policy year at the unit price as on date of allocation of the Guaranteed Addition, for an amount equivalent to: Policy year end is 6 to 10, Guaranteed Addition as a percentage of fund value in respect of regular premium is 0.25% and Guaranteed Addition as Guaranteed Addition as percentage of fund value percentage of First Years' in respect of regular premium Annualized Premium would be 7%. Guaranteed Addition as a percentage of fund value in respect of regular premium will be allocated only to policies where Annualized Premium is greater than or equal to Rs. 100,000.
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Guaranteed life cover of sum assured plus fund value.
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Take maximum advantage of booming markets today and get maximum allocation on your funds from the 1st year onwards.
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An Asset Allocation Fund looks after your investments even when the market conditions change. Our experienced fund managers monitor the mix of assets in the fund and manage the mix in such situations to maximize your returns.
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If you want to manage the mix of assets for your policy on your own, you have a choice of 6 other investment funds to invest in. These give you complete flexibility to switch money from one fund to the other and help you manage your investments better.
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Get the option of limited premium payment ranging between 3 to 10 years.
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Your policy continues to participate in the investment performance of the fund(s) even if you are unable to pay the premium for 3 full years.
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Accidental Death Benefit Rider Accidental Permanent Total/ Partial Disability Benefit Rider
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You also have the option to pay unlimited top-up premiums anytime during the tenure of your policy to further enhance your savings.
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Accelerator Mid Cap Fund
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund
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Equity Index Fund II
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Liquid Fund
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Pure Stock Fund
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Particulars
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Range
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Accelerator Mid Cap Fund
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Bank Deposits & Money Market Instruments
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0% - 20%
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Equities
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80% - 100%
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Asset Allocation Fund
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Equities
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0% - 100%
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Debt
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0% - 100%
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Money Market Instruments
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0% - 20%
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Bond Fund
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Money Market Instruments
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0% - 20%
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G-Secs, Bonds & Fixed Deposits
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80% - 100%
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Equity Growth Fund
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Bank Deposits & Money Market Instruments
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0% - 20%
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Equities
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80% - 100%
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Equity Index Fund II
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Bank Deposits & Money Market Instruments
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0% - 15%
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Equities
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85% - 100%
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Liquid Fund
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Money Market Instruments
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0% - 100%
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Pure Stock Fund
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Bank Deposits & Money Market Instruments
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0% - 40%
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Equities
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60% - 100%
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Accelerator Mid Cap Fund
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23-May-13
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19.9116
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Asset Allocation Fund
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23-May-13
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15.0664
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Bond Fund
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23-May-13
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18.8402
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Equity Growth Fund
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23-May-13
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18.9536
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Equity Index Fund II
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23-May-13
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19.0616
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Liquid Fund
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23-May-13
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17.6877
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Pure Stock Fund
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23-May-13
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23.6724
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Accelerator Mid Cap Fund
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund
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Equity Index Fund II
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Liquid Fund
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Pure Stock Fund
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03-Jul-09
10:49
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Bajaj Allianz has invested Rs 50 cr SKS Microfinance
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16-Jun-09
10:59
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Bajaj Allianz Life has launched Invest Plus
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21-May-09
11:46
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Bajaj Allianz Life Insurance posted profit of Rs 45 Cr in FY09
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13-May-09
12:59
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Bajaj Allianz Life launched ULIP plan
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21-Apr-09
10:41
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Allianz expands India presence into asset management
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11-Apr-09
10:45
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Policies for women : Bajaj Allianz
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31-Mar-09
09:46
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Bajaj Allianz to insure all Volkswagen vehicles
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17-Feb-09
16:20
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Bajaj Allianz launches CenturyPlus II
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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16-Jan-09
16:20
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Bajaj Allianz Life Insurance GWP is Rs 6726cr
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17-Dec-08
14:15
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Equity-based Ulips outdo indices
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13-Dec-08
11:20
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Allianz sees bright future for its Asian operations
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21-Nov-08
09:56
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Bajaj Allianz to infuse Rs.300 Cr
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30-Aug-08
10:12
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Vijender Singh snapped up by Bajaj Allianz Life Insurance
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22-Aug-08
17:00
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Bajaj Allianz Life Insurance is going in for a rejig
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18-Aug-08
11:40
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Bajaj Allianz Introducing Bajaj Allianz Fortune Plus
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