Bajaj Allianz Future Gain - Key Features

• It is a ULIP plan with Regular and Limited Pay premium payment option
• Portfolio Strategies:  Investor Selectable Portfolio strategy and Wheel Of life
• Selectable Portfolio Strategies: If the investor wants to allocate his premiums as per his personal choice, can opt this strategy to choose between the seven funds to meet his requirements
• Wheel of Life Portfolio Strategy: All the premiums allocated are invested into 5 funds excluding Pure Stock Fund and Asset Allocator Fund II in a predefined ratio. This ratio changes with ageing of the policy term and towards maturity, largely the funds are directed to Bond Fund and Liquid Fund to protect the returns against market volatility 
• Investment Portfolio Strategy?
• Under the Investment Portfolio Strategy, the insured is can allocate his premiums as per his choice and requirements and can choose to invest amongst the 7 funds:
• Equity Growth Fund II
• Bond Fund
• Liquid Fund
• Accelerator Mid-Cap Fund II
• Asset Allocation Fund II
• BlueChip Equity Fund
• Pure Stock Fund

**The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.

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Bajaj Allianz Future Gain - Benefits

• Maturity Benefits:  On Maturity, the insured shall get the Regular Premium Fund Value including top-up Fund Value. The insured can choose to avail the maturity value in installments over a period of 5 years through the Settlement Option 
• Death Benefits: On death of the insured, his beneficiaries shall get a higher of

Sum Assured + (Top-Up Sum Assured - Partial Withdrawals)

Or, the Fund Value including the top-up Fund Value

• Guaranteed Death Benefit shall be 105% of all premiums paid till the date of death 
• Tax Benefits: All premiums paid and claims received are eligible for tax deductions Under Section 80C and 10(10D) of Income Tax Act.

Bajaj Allianz Future Gain - Product Specification:

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Details about Premium

Annual Premium in Rupees and Benefit Illustration for a term of 24 years

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Bajaj Allianz Future Gain - Policy Details

• Grace Period: If the insured fails to pay his insurance premium by the due date, then a grace period of 15 days is allowed for monthly premium payment mode and a grace period of 30 days is allowed for annual mode of premium payment. However, if the insured fails to pay even within the grace period then his policy shall lapse thereafter.
• Policy Termination or Surrender Benefit: On completion of 5 years with the plan then a surrender value gets enabled with the plan. If the insured surrenders his plan after completing 5 years with his plan, then he is paid the entire Fund Value without any additional charges. And, if the insured surrenders his plan before completing 5 years with his plan then the Fund Value after making applicable deductions of discontinuation charges is credited to the Linked Discontinued Policy Fund. The Fund Value shall see a annual growth of 4% p.a which will be paid to the insured after completing 5 years with the plan without any other charges.
• Free Look Period: In case the insured is not pleased with his plan or the benefits and features provided with the plan then the insured is free to return his plan within 15 of receiving the policy documents, given that no claims have been done yet.

Inclusions

• Partial withdrawals: After completing 5 plan years the policyholder can make partial withdrawals against his unit with a minimum value of Rs.5,000
• Free Switches: Every year switching between funds are allowed for free in the Investor Selectable portfolio strategy.
• Switchable Portfolio strategies
• Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.5000
• The corresponding Top-Up Sum Assured shall be 1.25 times of Top-Up Premium for Entry Age<45 yrs. or 1.10 times for Entry Age >=45 yrs.

Additional Features or Riders

Insured can enjoy the below rider cover additional top up covers with the base plan:

• Accidental Death Rider
• Accidental Permanent Total/ Partial Disability Rider
• Critical Illness Rider
• Waiver of Premium Rider
• Family Income Benefit Rider

Exclusions

Suicide: If the insured dies by committing suicide within 12 months of plan inception or renewal then the nominees are settled by paying the fund value as on the date of death.

Documents Required

Below are the documents which are required to be insured under Bajaj Allianz Future Gain Plan:

• Duly filled Application form/Proposal form
• Address Proof
• Age Proof
• Other KYC documents; PAN Card, Adhaar Card, Tax Details etc
• Medical History 

**Documents required are a subject to the plan options and the sum assured chosen.

Bajaj Allianz Future Gain - Key Features

• It is a ULIP plan with Regular and Limited Pay premium payment options.

• Portfolio Strategies:  Investor Selectable Portfolio strategy and Wheel of Life Strategy.

• Selectable Portfolio Strategy: If the investor wants to allocate his premiums as per his personal choice, he can opt for this strategy to choose among the ten funds to meet his requirements.

• Wheel of Life Portfolio Strategy: All the premiums allocated are invested into 5 funds, which are Equity Growth Fund II, Bond Fund, Liquid Fund, Accelerator Mid-Cap Fund II, and BlueChip Equity Fund, in a predefined ratio. This ratio changes with the age of the policy term and towards maturity; largely, the funds are directed to the Bond Fund and the Liquid Fund to protect the returns against market volatility.

• Investment Portfolio Strategy: Under the Investment Portfolio Strategy, the insured can allocate his premiums as per his choice and requirements and can choose to invest amongst the 10 funds:

• Equity Growth Fund II

• Bond Fund

• Liquid Fund

• Accelerator Mid-Cap Fund II

• Asset Allocation Fund II

• BlueChip Equity Fund

• Pure Stock Fund

• Pure Stock Fund II

• Flexi Cap Fund

• Sustainable Equity Fund

**The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.

Bajaj Allianz Future Gain - Benefits

• Maturity Benefits: On maturity, the insured shall get the Regular Premium Fund Value, including the Top-up Premium Fund Value. The insured can choose to avail themselves of the maturity value in installments payable monthly, quarterly, half-yearly, or yearly spread over a period of 5 years through the Settlement Option.

• Death Benefits: On the death of the insured, his beneficiaries shall get the higher of the following sums:

  Sum Assured + (Top-Up Sum Assured - Partial Withdrawals during 2 years immediately before the date of death of the Life Assured)

  Or the Fund Value, including the top-up Fund Value.

• Guaranteed Death Benefit shall be 105% of all premiums paid up to the date of death.

• Tax Benefits: All premiums paid and claims received are eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act.

• Maximum Premium Allocation is done in the investment portfolio after the deduction of low Premium Allocation Charges.

• Unlimited Free Switches among the investment portfolio are offered to the investors, maximizing their benefits as per their risk appetite.

Bajaj Allianz Future Gain - Product Specification:

Details about Premium

Maturity Benefit Illustration for a Policy Term of 24 Years

Bajaj Allianz Future Gain - Policy Details

• Grace Period: If the insured fails to pay his insurance premium by the due date, then a grace period of 15 days is allowed for monthly premium payment mode, and a grace period of 30 days is allowed for annual premium payment mode. However, if the insured fails to pay even within the grace period, his policy shall lapse thereafter.

• Policy Termination or Surrender Benefit: The plan enables a surrender value after five years. If the insured surrenders their plan after completing 5 years with it, they pay the entire Fund Value without any additional charges. And, if the insured surrenders his plan before completing 5 years with his plan, then the Fund Value, after making applicable deductions of discontinuation charges, is credited to the Linked Discontinued Policy Fund. The Fund Value shall see an annual growth of 4% per annum, which will be paid to the insured after completing 5 years with the plan without any other charges.

• Free Look Period: In case the insured is not pleased with his plan or the benefits and features provided with the plan, he is free to return his plan within 15 days of receiving the policy documents, required that no claims have been filed yet.

Inclusions

• Partial withdrawals: After completing 5 plan years, the policyholder can make partial withdrawals against his units with a minimum value of Rs. 5,000.

• Free Switches: Every year, switching between funds is allowed for free in the Investor Selectable Portfolio strategy.

• Switchable Portfolio Strategies

• Top-up premiums of up to Rs. 5,000 can be paid at any time to increase the fund's value.

• The corresponding top-up sum assured is 1.25 times the top-up premium for an entry age of <45 years or 1.10 times for an entry age of >= 45 years.

Additional Features or Riders

Insured can enjoy the below rider coverage and additional top-up coverage with the base plan:

• Accidental Death Rider

• Accidental Permanent Total/ Partial Disability Rider

• Critical Illness Rider

• Waiver of Premium Rider

• Family Income Benefit Rider

Exclusions

Suicide: If the insured dies by committing suicide within 12 months of plan inception or revival, then the nominees are settled by paying the Fund Value as of the date of intimation of death.

Documents Required

Below are the documents that are required to be insured under the Bajaj Allianz Future Gain Plan:

• Duly filled Application form/Proposal form

• ID Proof

• Address Proof

• Age Proof

• Other KYC documents: PAN card, Aadhaar card, Tax filing details, etc.

• Recent Photograph

• Medical History 

**Documents required are subject to the plan options, and the sum assured chosen.