BAJAJ ALLIANZ UNIT GAIN PROTECTION 2

This is a unit linked insurance plan that will take care of all your investment and insurance needs. It is a unique combination of protection and prospects of attractive returns with investment in various mix of assets to make a perfect plan to last you a lifetime prosperity and happiness.

Features:

• It gives you protection and at the same time also gives you attractive returns on your investments.

• The fund options available in BAJAJ ALLIANZ UNIT GAIN PROTECTION 2 are:
  • Accelerator Mid-Cap Fund II.
  • Asset Allocation Fund.
  • Bond Fund.
  • Equity Growth Fund II.
  • Equity Index Fund II.
  • Liquid Fund.
  • Pure Stock Fund.

• It gives you the flexibility to increase or decrease your regular premium as per your needs.

• Flexibility to pay unlimited top-up premium during the tenure of your policy.

• Even in case you are unable to pay 3 years full premium, your policy still continues to remain the same.

Benefits:

• In case of your unfortunate death before attaining age of  7 years, the nominee of your policy will get:
  • Regular premium fund value Plus.
  • Top up premium fund value, if any.

• In case of your unfortunate death after attaining age of  7 years but before attaining the age of 60, the nominee of your policy will get:

a) Higher of (i) sum assured net of all partial withdrawals, if any, from regular premium fund value, in the last 24 months prior to the date of death, or (ii) the regular premium fund value.

Plus

b) Higher of (i) top up sum assured, net of all partial withdrawal, if any, from top up premium fund value, in the last 24 months prior to the date of death, or (ii) top up premium fund value.

• In case of unfortunate death of the life assured on or after attaining age of 60 years:

a) Higher of (i) sum assured net of all partial withdrawals, if any, from regular premium fund value, in the last 24 months prior to attaining age 60 years and all subsequent partial withdrawals on or after attaining age 60 years, or (ii) the regular premium fund value.

Plus

b) Higher of (i) top up sum assured net of all partial withdrawal, if any, from top up premium fund value, in the last 24 months prior to attaining age 60 years and all subsequent partial withdrawals on or after attaining age 60 years, or (ii) top up premium fund value.

• On the date of maturity of the policy you receive the regular premium fund value and top-up premium fund value, if any.

• Flexibility to switch units between your investment funds according to your risk appetite and investment decisions. You can make unlimited free switches.

• Get tax benefits under section 80 C and 10(10) D of the Income Tax Act, 1961.