|
|
|
|
|
|
|
Insurance Company
|
Bajaj Allianz Life Insurance Company Ltd
|
|
Plan Name
|
Bajaj Allianz New UnitGain Premier SP
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Unit Linked - Single Premium
|
|
UIN No.
|
116L041V02
|
|
About Plan
|
Bajaj Allianz New UnitGain Premier SP is exactly what the name suggests, with a wide range of high quality investment funds to choose from coupled with flexible investment management. You really have the best of all worlds - investment, insurance and tax benefits.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
0 Years
|
|
Maximum Entry Age
|
60 Years
|
|
Minimum Policy Term
|
10 Years
|
|
Minimum Maturity Age
|
18 Years
|
|
Maximum Maturity Age
|
70 Years
|
|
Minimum Single Premium
|
Rs 50,000
|
|
Maximum Single Premium
|
No Limit
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On maturity, the value of the units is payable to the life assured/ policyholder.
|
|
Death Benefits
|
On death before the age of 7 years: The death benefit will be the NAV of the units in the policyholder's account (Fund Value) as on date of receipt of intimation of death at the office. The policy terminates on the death of the life assured.On death after the age of 7 years and before the age of 60 years: The death benefit will be the higher of the sum assured less the value of the units withdrawn by partial withdrawals in the last 24 months prior to the date ofdeath or the NAV of the units in the policyholder's account (Fund value) as on date of receipt of intimation of death at the office. On death of the life assured on or after attaining the age of 60 years: The benefit will be the higher of the sum assured less the value of the units withdrawn within two years before attaining age 60 years and all the withdrawals made after attaining age 60 years or the value of the units in the policyholder's account (Fund Value) as on the date of intimation of death at the office.
|
|
Surrender Benefit
|
Full withdrawal of units by way of surrender of the policy is allowed after three years from commencement.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
We offer you the flexibility to manage yourinvestments. Initially, you can allocate the premium into the three funds that are available in a proportion of your choice. Depending on the performance of funds, you can switch between funds with three free switches every policy year, subject to aminimum switching amount of Rs. 5,000 or the fund value, whichever is lower.
|
|
Plan your maturity proceeds by exercising the Settlement Optionwith us. This facilitates you to receive the maturity proceeds in equal installments (payable yearly, half yearly, quarterly or monthly, at your option) spread over a maximum period of 5 years.
|
|
You can withdraw (partially or fully) anytime after three yearsfrom the date of commencement. In case of partial withdrawal, a minimum balance of Rs. 20,000 or one-tenth of the Single Premium, whichever is higher, across all funds must be maintained, and the minimum withdrawal amount is Rs. 5,000. The surrender charge applicable for partial withdrawal would be 6% in the 4th year, 4% in the 5th year, 2% in the 6th year, & 0% thereafter. In case the policy is taken on the life of a minor,the partial withdrawals shall not be allowed until the minor (life insured) attains majority (i.e. on or after attainment of age 18).
|
|
The policy will terminate on occurrence of any of the following:a) The units in the policy are fully surrenderedb) The account value becomes equal to one tenth of the single premium paid.c) The death of the Life Assuredd) On maturity, if settlement option is not takene) The expiry of the period for the Settlement OptionOn the occurrence of (a) and (b)above the value of the units, if any, would be paid to the life assured/policyholder upon such termination, subject to surrender penalty, if applicable. In case of (c), death benefit will be paid as mentioned separately herein. In case of (d) and (e), the value of the units, if any is paid to the life assured/policyholder at maturity or at each installment date, as applicable under the settlement option.
|
|
Bajaj Allianz New UnitGain Premier SP is exactly what the name suggests, with a wide range of high quality investment funds to choose from coupled with flexible investment management. You really have the best of all worlds û investment, insurance and tax benefits.Bajaj Allianz New UnitGain Premier SP take care of all your changing requirements, be it your investment needs, children education needs or peaceful golden years. This plan has been designed to provide your family with higher financial assistance should anything unfortunate were to happen to you as well as flexibility, so that you do not have to worry about your changing needs.
|
|
It is a unit linked plan with minimum term of 10 years and maximum maturity age 70 years Convenient single premium payment.105% of the single premium is allocated.Guaranteed death benefit.You can adopt your own investment strategy to grow the funds.Choice of three investment funds today with flexible investment management: you can change funds at any time and also invest in the newer funds that may be introduced from time to time subject to prior approval from IRDA. Partial or full withdrawal facility, after three years from commencement (subject to surrender charge, if applicable).
|
|
|
|
|
|
|
|
|
|
Premier Bond Fund
|
|
Premier Equity Growth Fund
|
|
Premier Nifty Index Fund
|
|
|
|
Particulars
|
Range
|
|
Premier Bond Fund
|
|
Money Market Instruments
|
0% - 20%
|
|
G-Secs, Bonds & Fixed Deposits
|
80% - 100%
|
|
Premier Equity Growth Fund
|
|
Bank Deposits & Money Market Instruments
|
0% - 20%
|
|
Equities
|
80% - 100%
|
|
Premier Nifty Index Fund
|
|
Bank Deposits & Money Market Instruments
|
0% - 15%
|
|
Equities
|
85% - 100%
|
|
|
|
|
|
|
|
|
|
|
Premier Bond Fund
|
23-May-13
|
16.7101
|
|
Premier Equity Growth Fund
|
23-May-13
|
18.9817
|
|
Premier Equity Index Fund
|
23-May-13
|
17.3722
|
|
|
|
|
|
|
|
|
|
|
Premier Bond Fund
|
|
Premier Equity Growth Fund
|
|
Premier Nifty Index Fund
|
|
|
|
|
|
|
|
|
03-Jul-09
10:49
|
Bajaj Allianz has invested Rs 50 cr SKS Microfinance
|
|
16-Jun-09
10:59
|
Bajaj Allianz Life has launched Invest Plus
|
|
21-May-09
11:46
|
Bajaj Allianz Life Insurance posted profit of Rs 45 Cr in FY09
|
|
13-May-09
12:59
|
Bajaj Allianz Life launched ULIP plan
|
|
21-Apr-09
10:41
|
Allianz expands India presence into asset management
|
|
11-Apr-09
10:45
|
Policies for women : Bajaj Allianz
|
|
31-Mar-09
09:46
|
Bajaj Allianz to insure all Volkswagen vehicles
|
|
17-Feb-09
16:20
|
Bajaj Allianz launches CenturyPlus II
|
|
20-Jan-09
12:50
|
Private insurers see market share rise to 62%
|
|
16-Jan-09
16:20
|
Bajaj Allianz Life Insurance GWP is Rs 6726cr
|
|
17-Dec-08
14:15
|
Equity-based Ulips outdo indices
|
|
13-Dec-08
11:20
|
Allianz sees bright future for its Asian operations
|
|
21-Nov-08
09:56
|
Bajaj Allianz to infuse Rs.300 Cr
|
|
30-Aug-08
10:12
|
Vijender Singh snapped up by Bajaj Allianz Life Insurance
|
|
22-Aug-08
17:00
|
Bajaj Allianz Life Insurance is going in for a rejig
|
|
18-Aug-08
11:40
|
Bajaj Allianz Introducing Bajaj Allianz Fortune Plus
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|