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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 New UnitGain Easy Pension Plus RP
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Plan Nature
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ULIP
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Plan Category
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Retirement Plan
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UIN No.
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116L031V03
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About Plan
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The New UnitGain Easy Pension Plus RP is a retirement plan that helps you retire with laughter lines. This unitlinked pension plan gives you the advantage of investing in securities making your savings grow faster so you can retire earlier.
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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65 Years
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Minimum Maturity Age
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45 Years
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Maximum Maturity Age
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70 Years
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Minimum Premium
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RS.10000
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Benefits
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| Particulars | Description |
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Death Benefits
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In the unfortunate event of death during the deferment period, your spouse will have the option to take the Fund Value as a lump sum or purchase an annuity to get regularincome for life. For the immediate annuity, your spouse will have the Open Market option as well. The immediate annuity from Bajaj Allianz will be available only if the spouse is above 45. If age were below 45, the Fund Value would be paid out.
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Vesting Benefit
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The Fund Value as on the vesting date will be used to purchase an immediate annuity, at rates prevailing at that point of time.
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Surrender Benefit
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Full withdrawal/Surrender is allowed (subject to Surrender Charge, if any) anytime after 3 years from commencement.
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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 80 CCC
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Section 80 CCC allows to individual, tax deduction for amount paid during the financial year out of income chareable to tax, towards specified pension plan. Maximum deduction allowed is Rs. 100,000.
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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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The Company aims to value the Funds on each day the financialmarkets are open. However, the Company reserves the right to value less frequently in extreme circumstances, where the value of the assets may be too uncertain. In such circumstances, the Company may defer valuation of assets until a certainty on thevalue of assets is resumed. The deferment of valuation of assets will be subject to prior consultation with IRDA.Currently, the cut-off time is 3 p.m. for applicability of Unit Price of a particular day for switches, redemptions and publication of Unit Price.
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The policy will terminate on occurrence of any of the following:a) The units in the policy are fully surrenderedb) The Fund Value in respect of Regular Premium less surrender charge falls to an amount equivalent to one yearÆs annualised premium due to non payment of premiums.c) The Fund Value is not sufficient to support deduction of units for charges applicable under the policy.d) The death of the life assurede) The policy remained lapsed for more than 2 years.whichever event occurs first.
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You can revive a lapsed policy within 2 years from such date of lapse. We require a written application for revival, with all due unpaid regular premiums.
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Bajaj Allianz New UnitGain Easy Pension Plus RP take control of your future and ensure a retirement you can look forward to. It is a retirement plan that helps you retire with laughter lines. This unitlinked pension plan gives you the advantage of investing in securities making your savings grow faster so you can retire earlier.i
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In the unfortunate event of death during the deferment period, your spouse will have the option to take the Fund Value as a lump sum or purchase an annuity to get regular income for life. For the immediate annuity, your spouse will have the Open Market Option as well. The immediate annuity from Bajaj Allianz will be available only if the spouse is above 45. If age were below 45, the Fund Value would be paid out.
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You will be able to choose from all immediate annuity products offered by Bajaj Allianz Life insurance at the vesting date. The annuity products currently available are:Annuity for LifeAnnuity for Life with 5, 10, 15 or 20 years certain payoutAnnuity for Life with Return of CapitalYou also have the open market option to purchase immediate annuity.
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Bajaj Allianz offers you a choice of 6 funds. You can choose to invest fully in any one fund or allocate your premiums into the various funds in a proportion that suits your investment needs. All the funds will be managed by asset managers of Bajaj Allianz, backed with the rich experience of Allianz SE, one of the largest asset managers in the world today, managing assets worth over a Trillion Euros (over Rs. 55,00,000 crores).
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You may have received a bonus or some lump sum money. You can use that to increase your investments in your policy provided you have paid all due regular premiums.. 98% of any amount paid as top-up is allocated to your funds.
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Your earnings grow over time, and so does your savings potential. With Bajaj Allianz, you have the flexibility to increase your regular premium amount at any time.
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Accelerator Mid Cap Pension Fund
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Asset Allocation Pension Fund
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Bond Pension Fund
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Equity Growth Pension Fund
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Equity Index Pension Fund II
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Liquid Pension Fund
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Pure Stock Pension Fund
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Particulars
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Range
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Accelerator Mid Cap Pension 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 Pension Fund
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Bank Deposits & Money Market Intruments
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0% - 20%
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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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Bond Pension Fund
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Bank Deposits & Money Market Instruments
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0% - 20%
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G-Sec, Bonds & Fixed Deposits
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80% - 100%
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Equity Growth Pension 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 Pension 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 Pension Fund
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Bank Deposits & Money Market Instruments
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0% - 100%
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Pure Stock Pension Fund
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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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Accelerator MidCap Pension Fund
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17-May-13
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21.8532
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Asset Allocation Pension Fund
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17-May-13
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14.4304
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Bond Pension Fund
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17-May-13
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19.3463
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Equity Growth Pension Fund
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17-May-13
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21.8105
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Equity Index Pension Fund II
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17-May-13
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19.6189
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Liquid Pension Fund
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17-May-13
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17.7729
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Pure Stock Pension Fund
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17-May-13
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19.7919
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Accelerator Mid Cap Pension Fund
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Asset Allocation Pension Fund
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Bond Pension Fund
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Equity Growth Pension Fund
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Equity Index Pension Fund II
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Liquid Pension Fund
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Pure Stock Pension 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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