Bajaj Future Gain

Fund in Brief

Bajaj Future Gain is a non-participating and limited premium unit-linked endowment plan. It offers maximum premium allocation to ensure that the policyholder’s money is fully utilized to attain future gains.

In this plan, the premium which the policyholder pays is invested as per their preferred portfolio strategy across several Funds. The premium is invested after the applicable premium allocation rate. The allocation of units is done per the current unit price of the fund.

The premium paying frequency can be decided by the policyholder between monthly, quarterly, bi-annual, or annual. 

Bajaj Future Gain Facts

The table below presents some of the basic facts relating to the Bajaj Future Gain ULIP:

Investment Objective

The Bajaj Future Gain insurance plan is a unit-linked insurance plan that intends to help the policyholders generate wealth in the future. Its investment objective is to have a fund to protect the invested capital through investments in liquid money markets and short-term investment. 

The premiums paid by the customers are invested in equity and debt markets. The risk involved in the plan is based on which fund plan the policyholder chooses out of the seven options provided by the Bajaj Future Gain insurance plan.

Fund Summary

There are 7 types of funds, with varying risk profiles, that are presented before customers to choose from. They are:

1. Equity Growth Fund II

   • Risk profile: Very high

   • Equity: Minimum 60%

   • Bank deposits: 0% - 40%

   • Money market instruments: 0% - 40%

   • Returns: 14.58% as of September 6th, 2021

2. Accelerator Mid-Cap Fund II

   • Risk profile: Very high

   • Equity: Not less than 60%, out of which at least 50% would be in mid-cap stocks

   • Bank deposits: 0% - 40%

   • Money market instruments: 0% - 40%

   • Returns: 14.05% as of September 6th, 2021

   

3. Pure Stock Fund

   • Risk profile: Very high

   • Equity: Minimum 60%

   • Bank deposits: 0% - 40%

   • Money market instruments: 0% - 40%

   • Returns: 15.54% as of September 6th, 2021

4. Asset Allocation Fund II

   • Risk profile: High

   • Equity: 40% to 90%

   • Debt, bank deposits, and fixed income securities: 0% - 40%

   • Money market instruments: 0% - 40%

   • Returns: 10.81% as of September 6th, 2021

5. Bluechip Equity Fund

   • Risk profile: High

   • Bank deposits: 0% - 40%

   • Equity: Minimum of 60%

   • Money market instruments: 0% - 40%

   • Returns: 14.46% as of September 6th, 2021

6. Bond Fund

   • Risk profile: Moderate

   • Money market securities: 0% - 60%

   • Debt-related securities including FDs: 40% - 100%

7. Liquid Fund

   • Risk profile: Low

   • Money market instruments: 100%

   • Returns: 3.14% as of September 6th, 2021

Fund Return Summary

The following table shows the returns generated by the Bajaj Future Gain plan. The data is based on the statistics recorded till September 9th, 2021.

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

The following table represents the pros and cons of the Bajaj Future Gain insurance plan:

Benefits of Bajaj Future Gain

Here are some of the benefits of the Bajaj Future Gain plan:

• Maturity benefit: Under the Bajaj Future Gain plan, the maturity benefit will be the value of the regular premium fund, including the top-up fund value. The policyholder can also avail of this benefit through instalments over a 5 year period after the date of maturity has passed.

• Death benefit: In case the policyholder passes away during the term of an active policy, a lump sum death benefit will be payable by Bajaj Future Gain. The policyholder’s death benefit will amount to a higher sum assured, in addition to the higher top-up sum assured.

• Surrender benefit: Under the Bajaj Future Gain plan, the policyholder has an option to surrender the policy at any given point during the term of the policy. When the policyholder decides to surrender this policy, they can take the benefit in instalments over 5 years.

• Tax benefits: All the payments and receivables under the Bajaj Future Gain plan are eligible for tax deduction under Section 80C and 10(10D) of the Income Tax Act, 1961.

Fund House Details

The Bajaj Future Gain plan is managed by Bajaj Allianz, a joint endeavour between Bajaj Finserv Ltd. and Allianz SE. The venture was registered in 2001, and Bajaj Allianz has been graded as the second-best insurance provider in the country. The ranking was grounded on the number of issued insurance policies. The company prides itself on bringing together its local experience with global expertise. The company gained the trust of its customers and control of the market in a short tenure for its performance.

Who should invest in Bajaj Future Gain?

The Bajaj Future Gain insurance plan offers many advantages for its customers. It is a great way to invest money along with receiving insurance coverage. The following points would answer the question of who should purchase this plan:

• For investors looking for a combination of insurance and investment, the Bajaj Future Gain plan is an ideal choice.

• The plan offers several different funds to choose from. Therefore, this plan can be an excellent opportunity for anyone looking to diversify their investments within different risk profile funds.

• For customers looking to earn more money in the form of tax deductions, purchasing this plan would be quite beneficial.

In Conclusion

The Bajaj Future Gain ULIP is a combination of market investment along with life insurance coverage. The plan offers a barrage of fund options to invest in. All the fund options come along with varying risk profiles so that the customer can choose one that best suits them. 

In addition, the Bajaj Future Gain plan provides two distinct portfolio management methods, the Wheel of Life Portfolio Strategy and the Investor Selectable Portfolio Strategy. As a result, policyholders can reap the benefits of market-related investments at very economical charges. This way, they would be able to get promising returns on their savings.

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