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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 Shield Plus
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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116L090V01
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About Plan
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Bajaj Allianz Shield Plus is a simple to understand fixed-term unit-linked life insurance plan. Single Premiums paid by you, net of premium allocation charge, if any, is invested in the fund(s) of your choice and units are allocated depending on the unit price of the fund(s). The value of your policy is the total value of units that you hold in the fund. The insurance cover charges and policy administration charges are deducted through monthly cancellation of units. Fund Management Charge is adjusted in the unit price.
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Minimum Entry Age
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8years.
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Maximum Entry Age
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65years
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Minimum Maturity Age
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18years
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Maximum Maturity Age
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75years.
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Policy Term
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10years
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Minimum Single Premium
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Rs.25000
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Maximum Single Premium .
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No Limit.
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Minimum Sum Assured
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1.10 times of the Single Premium
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Maximum Sum Assured
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Upto age 55 yrs: 5 times of theSingle PremiumAge 56 - 65 years: 1.1 times of theSingle Premium
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Benefits
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Maturity Benefits
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Maturity benefit would be the Fund Value as on the maturity date.The minimum unit price at maturity, under Shield Plus Fund I isguaranteed, provided the policy holder stays in the fund for the period ofguarantee, in this case 10 years.
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Death Benefits
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In case of unfortunate death of the life assured before attaining age 60 years, his/her nominee would get:Higher of (i) sum assured net of all partial withdrawals, if any, from single premium fund value, in the last 24 months prior to the date of death, or(ii) the single premium fund value as on date of receipt of intimation of death.
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Surrender Benefit
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Your surrender value will be equal to Fund Value as on date of receipt of surrender, less any surrender charge ,if any.No surrender is allowed in the first three policy years.No guarantee shall be applicable on surrender of the policy.The policy shall terminate upon payment of the full surrender value.
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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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Single Premium plan with fixed -term of 10 years.Sum Assured can be chosen to be equal to 1.1 or 5 times of the Single Premium.Maximum 100% allocation of Single Premium paid.Choice of six funds.Shield Plus Fund I offers you guarnteed minimum unit price atmaturity.
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Maximum flexibility.i) Option to decrease sum assured.ii) Partial withdrawals anytime after three years from thecommencement of policy.iii) Unlimited free switches every year.
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Accelerator Mid-Cap Fund II
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund II
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Equity Index Fund II
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Growth Plus Fund I
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Growth Plus Fund II
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Liquid Fund
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Pure Stock Fund
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Shield Plus Fund I
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Shield Plus Fund II
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Shield Plus Fund III
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Particulars
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Range
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Accelerator Mid-Cap Fund II
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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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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 II
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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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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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Shield Plus Fund I
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Equity
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10% - 100%
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Debt
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80% - 100%
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Shield Plus Fund II
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Equity
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10% - 100%
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Debt
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80% - 100%
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Shield Plus Fund III
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Equity
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10% - 100%
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Debt
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80% - 100%
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Accelerator Mid Cap Fund II
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23-May-13
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11.2442
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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 II
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23-May-13
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14.27
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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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Growth Plus Fund I
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23-May-13
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12.8358
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Growth Plus Fund II
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23-May-13
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10.1993
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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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Shield Plus Fund I
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23-May-13
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12.8472
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Shield Plus Fund II
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23-May-13
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12.7471
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Shield Plus Fund III
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23-May-13
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12.4911
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Accelerator Mid-Cap Fund II
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund II
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Equity Index Fund II
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Growth Plus Fund I
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Growth Plus Fund II
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Liquid Fund
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Pure Stock Fund
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Shield Plus Fund I
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Shield Plus Fund II
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Shield Plus Fund III
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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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