Bajaj Future Gain

The Bajaj Future Gain plan is a unit-linked insurance plan that offers life insurance coverage and maximizes wealth through investments in market securities. The plan offers regular and limited pay premium payment options. This enables a policyholder to choose the option which suits them the best. The Bajaj Future Gain plan seeks to achieve maximum gains at the lowest of costs.

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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:

Managed by Bajaj Allianz
Launch date March 21st, 2014
Plan type Unit linked insurance plan
NAV as of September 9th, 2021 Rs 98.744
Absolute returns as of September 9th, 2021 45.50%
Risk profile Varied risk profile
Premium limit Minimum limit:  Rs 2,500 to 25,000
Maximum limit: Rs 1 lac to 12 lacs

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

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  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.

Period Absolute Returns Annualized Returns
3 months 9.7% -
6 months 19.6% -
1 year 45.1% 45.1%
2 years 66.3% 29%
3 years - -
5 years - -

*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:

Pros Cons
The returns generated by the Bajaj Future Gain plan are tax-free. Returns generated by the plan are at risk against market fluctuations.
The Bajaj Future Gain plan offers a combination of insurance and investment to its policyholders.  The combination of investment and insurance is considerably expensive and can also pose confusion due to its complexity.
The plan offers flexibility to its customers in the form of 7 funds of different risk profiles to choose from. The plan has a 5-year lock-in period which does not allow the policyholder to make withdrawals before the period ends.
The Bajaj Future Gain plan allows partial withdrawals with additional charges for policyholders. In the initial phase of the term, costs incurred by the policyholder are relatively higher.

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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.

FAQ's

  • What are the additional benefits offered by the Bajaj Future Gain plan?

    The Bajaj Future Gain plan offers additional benefits in the form of riders. For example the accidental death rider, critical illness rider, waiver of premium rider, etc.
  • What is the Wheel of Life Portfolio Strategy?

    In this strategy, the premiums are invested into five funds, excluding the pure stock fund and the asset allocator fund II. The predefined ratio changes as the term of the policy takes its course towards maturity. The funds are primarily invested into the bond fund and the liquid fund.
  • What is the grace period provided by Bajaj Future Gain in case of premium payment failure?

    If the policyholder has not paid their premium on the due date of payment, Bajaj Future Gain will allow a grace period of 15 days if the insured has opted for the monthly payment mode. For the annual payment mode, the grace period is 30 days.
  • What are the documents required by Bajaj Future Gain?

    The following documents must be submitted by the potential insured:
    • Identity proof
    • Address proof
    • Income Tax details
    • Duly filled application form
    • Age proof
    • Medical history
  • What is the revival period for the Bajaj Future Gain plan?

    The Bajaj Future Gain insurance policy can be revived within two years from the date of discontinuance of the policy.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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