|
|
|
|
|
|
|
Insurance Company
|
Bajaj Allianz Life Insurance Company Ltd
|
|
Plan Name
|
Bajaj Allianz YoungCare Plus
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Protection Plan
|
|
UIN No.
|
116L057V01
|
|
About Plan
|
Young care plus plan that takes care of you and the financial requirements of your loved ones after you. Young care plus offers you a unique way to reassure yourself that you have taken care of the ones you cherish. with this unique policy that allows your loved ones to live comfortably, even if something were to happen to you.Young care plus insures a safe financial future with prospects of attractive returns and guaranteed life cover. Only to make sure that when your life chages, your plans can still stay the same as always.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
18 Years
|
|
Maximum Entry Age
|
50 Years
|
|
Minimum Maturity Age
|
65 Years
|
|
Minimum Policy Term
|
10 Years
|
|
Maximum Policy Term
|
65 Years
|
|
Minimum Premium
|
Rs 20000
|
|
Minimum Top Up Premimum
|
Rs.5000/-
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On maturity, the fund value will be paid to the policyholder, or in case of death of life assured to the nominee.
|
|
Death Benefits
|
In case of death or diagnosis of critical illness of the life assured, whichever occurs first, the following benefit shall be payable:- Sum Assured payable immediately.- All future regular premium falling due from the date of death or date of diagnosis of critical illness, whichever occurs first, till the end of the policy term shall be allocated by the company to the various funds, as had been chosen by you, on the premium due dates.
|
|
Partial Withdrawal Benefit
|
Anytime after three years from the date of commencement of the policy provided regular premiums for three full years' have been paid, you / your nominee have the option to partially withdraw units from fund(s)
|
|
Surrender Benefit
|
The surrender value of the policy will be equal to the fund value less surrender charge, if any.Anytime after three years from the date of commencement of the policy, provided due premiums for first three policy years have been paid, you have the option to avail surrender benefit by complete surrender of units.
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
UL Accident Permanent Total/Partial Disablity Benefit [116A014V01]
|
|
|
|
|
|
|
|
|
|
We aim to value the funds on each day the financial markets are open. However, we may value the funds less frequently in extreme circumstances, where the value of assets are too uncertain. In such circumstances, we may defer the valuation of assets for upto 30 days until we feel that certainty as to the value of assets is resumed. The deferment of valuation of assets will be with prior consultation with the IRDA.Currently, the cut-off time is 3.00 p.m. for applicability of unit price of a particular day for switches, redemptions and publication of Unit Price.
|
|
The surrender value of the policy will be equal to the fund value less surrender charge, if any. Anytime after three years from the date of commencement of the policy, provided due premiums for first three policy years have been paid, you have the option to avail surrender benefit by complete surrender of units. Further, if first three years regular premiums have not been paid and the policy has lapsed, the surrender value, if any, would be payable at the expiry of the revival period or at the end of third policy year, whichever is later.
|
|
Bajaj Allianz YoungCare Plus offers you unmatched flexibility to suit the policy according to yourrequirements.
|
|
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. The proportion of allocated premium to anyfund must be atleast 5%. At any policy anniversary, you also have the flexibility to change the proportion of future premiums to the funds. The maximum allocation to Liquid fund will notexceed 20% of the allocated premium. The Nominee shall have no right to change the proportion of premium allocation to different funds.Depending on the performance of funds, 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 The Nominee shall have no right to switch Units from one Fund to other Fund.
|
|
You have the option to decrease the annualized premium amount at any policy anniversaryafter three policy years, provided all due regular premiums has been paid. The premium allocation rate in any year would depend on the revised annualized premium paidin that year. The annualized premium can be reduced to the minimum premium for this plan. A decrease in annualized premium will result in a proportional decrease in the sum assuredsuch that the relationship between the annualized premium and sum assured as at inceptionis maintained. The death benefit and critical illness benefit will be based on revised regular premium andrevised sum assured.
|
|
|
|
|
|
|
|
|
|
Accelerator Mid Cap Fund
|
|
Asset Allocation Fund
|
|
Bond Fund
|
|
Equity Growth Fund
|
|
Equity Index Fund II
|
|
Liquid Fund
|
|
|
|
Particulars
|
Range
|
|
Accelerator Mid Cap Fund
|
|
Bank Deposits & Money Market Instruments
|
0% - 20%
|
|
Equities
|
80% - 100%
|
|
Asset Allocation Fund
|
|
Equities
|
0% - 100%
|
|
Debt
|
0% - 100%
|
|
Money Market Instruments
|
0% - 20%
|
|
Bond Fund
|
|
Money Market Instruments
|
0% - 20%
|
|
G-Secs, Bonds & Fixed Deposits
|
80% - 100%
|
|
Equity Growth Fund
|
|
Bank Deposits & Money Market Instruments
|
0% - 20%
|
|
Equities
|
80% - 100%
|
|
Equity Index Fund II
|
|
Bank Deposits & Money Market Instruments
|
0% - 15%
|
|
Equities
|
85% - 100%
|
|
Liquid Fund
|
|
Money Market Instruments
|
0% - 100%
|
|
|
|
|
|
|
|
|
|
|
Accelerator Mid Cap Fund
|
17-May-13
|
20.7034
|
|
Asset Allocation Fund
|
17-May-13
|
15.3008
|
|
Bond Fund
|
17-May-13
|
18.8333
|
|
Equity Growth Fund
|
17-May-13
|
19.4858
|
|
Equity Index Fund II
|
17-May-13
|
19.7242
|
|
Liquid Fund
|
17-May-13
|
17.6631
|
|
|
|
|
|
|
|
|
|
|
Accelerator Mid Cap Fund
|
|
Asset Allocation Fund
|
|
Bond Fund
|
|
Equity Growth Fund
|
|
Equity Index Fund II
|
|
Liquid 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
|
|
|
|
|
|
|