UnitGain Protection Plus
Bajaj Allianz Life Insurance has announced the launch of ULIP plan UnitGain Protection Plus which offers balance of protection and investment with the premise , 'Protection bhi, Investment bhi'.
It forms the part of yet another unique plan under Bajaj Allianz Life Insurance's umbrella with the distinctive feature of offering Enhanced Accidental Protection with an additional sum assured in case of accidental death of the life assured during the policy term. And this feature is available without any charge, which is a first in the industry.
Launching the product, Kamesh Goyal, Country Manager & CEO, Bajaj Allianz Life Insurance, said, UnitGain Protection Plus will give more benefits if one remains invested with us for a longer term by way of higher allocation on renewal premium and guaranteed additions. Moreover as the premium size is low, even a small investor can participate in this plan.
The other feature of Protection Plus is that it offers loyalty additions up to 7% of first year premium and offers a 100% allocation.
UnitGain Protection Plus - 'Wheel of Life Portfolio Strategy', where one gets the benefit of
- to maturity based portfolio management.
- At the commencement of the policy, premium would be allocated in various funds, namely Equity Index Fund II, Equity Growth Fund & Accelerator Mid-Cap fund in the specified proportions
- On each policy anniversary, the fund value will be relocated among Equities, Debt and Cash in the proportion based on ones' outstanding years to maturity and policy term chosen
- Premiums paid in particular policy year will also be allocated in the same proposition
- Will ensure that balance is maintained between one's years to maturity and level of risk to your investments to optimize the returns.
Other benefits:
- Low policy admin charges
- Choice of 7 funds under Investor selectable portfolio strategy
- Host of addition riders to boost protection