Guaranteed Tax SavingsUnder sec 80C & 10(10D)^
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
Below are the 7 funds are available for investment
Premium Payment Term
Bajaj Allianz Fortune Gain
Single Premium Payment Term
Entry Age < 45
1.25 x Single Premium
Entry Age >= 45
1.10 x Single Premium
Grace Period: If the insured fails to pay his premium within the premium due date then he is allowed a grace period of 15 days for monthly premium payment mode and 30 days grace period in case of annual premium payment mode, failure to which the policy shall lapse.
Policy termination or Surrender Benefit: On completion of 5 years the plan enables a surrender value with its plan. If the insured surrenders his plan before completing 5 years with his plan then his Net Fund Value after deducting discontinuation charges shall be credited to his linked discontinued policy fund with a yearly 4% growth. If the insured surrenders his plan after completing 5 years, then the complete fund value as on the surrender date is paid to the insured with no additional charges applicable.
Free Look Period: In case the insured is not satisfied with his plan benefits or terms and conditions, then he has the option to cancel his plan within 15 days of plan inception, given that no claims have been done yet.
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Below are the rider covers as additional top-up covers insured can enjoy with the base plan:
Decreasing cover: The sum assured can be decreased subject to certain terms and conditions
Systematic Switching Option: This option is available in the initial 12 months of the plan where the premiums are invested in the Liquid Fund and then a part of the fund is transferred to other funds monthly.
Suicide: If the insured commits suicide within first 12 months of plan inception or renewal then the settlements are done by paying the fund value as on the date of death.
Below are the documents which are required to be insured under Bajaj Allianz Fortune Gain Plan:
**Documents required are a subject to the plan options and the sum assured chosen.
You may also like to read: Bajaj Allianz ULIP Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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