Bajaj Allianz Life Insurance launches Unique
New UnitGain Plus SP with Maxx uniform allocation
Mumbai
27 October 2006 :
Spurred by the excellent response to its unit-linked products Bajaj Allianz
Life Insurance, India's leading private life insurance company has launched a
unique New UnitGain Plus SP plan that’s simple, flexible and transparent
ensuring the right deal in today’s ULIP market and provides ‘Jaisi Jaroorat
Vaisa Insurance’ to each individual customer as per their need.
New
UnitGain Plus SP is a powerful investment plan that provides its customers the
opportunity to make a one-time payment and enjoy potentially high returns,
without compromising on the protection of the family. This is a unique single
premium product with a high allocation of 98% up-front, New UnitGain Plus SP
plan is ideal to park any windfall gain. Unlike most other products in this
segment that give a graded allocation, New UnitGain Plus SP furnishes uniform
allocation across all premium slabs . These twin benefits of protection and
investment can be purchased with a Single Premium as low as Rs. 25000/-.
Commenting
on the new plan, Mr. Sam Ghosh Chief Executive Officer, Bajaj Allianz Life
Insurance Company and Country Manager, Allianz, said, “With this launch, we
will provide high allocation and offer our customers the flexibility to manage
their own investments actively based on their changing financial needs - be it
maximum investment with minimum cover or maximum cover in case of a young
family or a suitable cover to avail tax benefits.”
Unique
Features of New UnitGain Plus SP:
o
New UnitGain
Plus SP empowers the customers the flexibility to select any term, starting
from 5 years
o
he/she could
withdraw the money (partially or fully) after 3 years, without any surrender
charge
o
With an
allocation as high as 98% that is available only in case of top-ups, New
UnitGain Plus SP plan is ideal to park any windfall gain. Unlike most other
products in this segment that give a graded allocation, New UnitGain Plus SP
furnishes uniform allocation across all premium slabs
o
The Plan
structure is also ideal for the customers above the age 50 years, in the peak
of his career graph, yet finding it difficult to avail tax benefits and get
adequate insurance cover.
o
Under this plan
the multiplier can be raised to a level that allows tax benefits and ensures
adequate protection.
o
New UnitGain
Plus SP also allows settlement option through the exercise of which the
customer can receive the maturity proceeds in installments, over a period of a
maximum of 5 years. This is an ideal policy, which can be personalized for the
payment of any EMI.
o
That apart,
after 3 policy years one can withdraw the money any number of times to meet any
unforeseen financial need, any contingency, without any surrender charge
New
UnitGain Plus SP gives a choice of 4 active funds:
o
The
Equity Index Fund II -
tracks the NIFTY Index and is the right choice for high market-linked returns
o
Equity
Growth Fund - allows our expert fund managers invest in
selected stocks for high capital appreciation
o
Bond
Fund - ensures the benefit of steady income, minimizing risk
thereby investing in G-Secs and Bonds of the best credit rating
o
Liquid
fund - invests in the
money market ensuring that the invested capital never decreases
With three switches in a policy
year being free, the customer gets the freedom to switch from equity to debt
and vice versa with the market fluctuations and book the profits or take care
of the downside.