Bajaj Allianz CenturyPlusII
Bajau Allianz CenturyPlus-Score a century with your investment plan!
Flexible and systematic investments are always good for you. At Bajaj Allianz Life Insurance, we value your investment and reward you for regular investments, giving you unmatched benefits with great returns.
Bajaj Allianz CenturyPlus II offers you a limited premium payment term option and a unique combination of protection and prospect of attractive returns. With 100% allocation in the 2nd policy year and thereafter, it ensures that your investment income gets accelerated and you reap benefits from a plan that delivers prosperity and happiness to you.
Key features of Bajaj Allianz CenturyPlus II
- Guaranteed life cover of sum assured plus fund value.
- Get full 100% allocation to your funds from the 2nd policy year onwards.
- Guaranteed Addition to enhance your fund value every year from the 6th policy year.
- Choice of 2 investment portfolio strategies to manage your investments better. Offering the special Wheel of Life portfolio strategy, which will help you to balance and safeguard your investment.
- Also if you want to manage the mix of assets for your policy on your own, you have a choice of 7 investment funds, with complete flexibility to switch money from one fund to the other, to manage your investments better.
- Get the option of limited premium payment ranging between 3 to 10 years.
- Your policy continues to participate in the investment performance of the fund(s) even if you discontinue premiums in the first three policy years.
- Flexibility of unlimited number of partial withdrawals at any time after 3 years from commencement of the policy, provided 3 full years' premiums are paid.
- Flexibility to decrease your regular premium at any policy anniversary, to suit your changing needs.
- At maturity, you can take your fund value in a lumpsum or as periodic instalments spread over a maximum period of 5 years.
- A host of optional additional rider benefits which include assurance to your family with accidental death benefit and accidental permanent total/partial disability benefit.
- Option to pay unlimited Top-up Premiums anytime during the tenure of your policy, to further enhance your savings.
Premiums paid by you, net of premium allocation charge, it any, are invested as per the portfolio strategy chosen by you at the unit prices of the fund(s). Your fund value is the total value of units that you hold in the fund(s). The insurance cover charges, policy administration charges and the additional rider benefit charges (if any) are deducted through monthly cancellation of units. The Fund Management Charge is adjusted in the unit price.
From the end of the 6th policy year, every year, a percentage of the first year's annual premium and, if applicable, a percentage of the fund value, is added to your fund(s) by the Company as Guaranteed Addition.
Over and above the fund value, throughout the policy term, you have a risk cover of the Sum Assured chosen by you.
Premium Payment Term: You have the flexibility to select any premium paying term ranging between three to ten years.
Bajaj Allianz CenturyPlus II offers you the following cover: You Sum Assured is always equal to 5(five) times your Annualized Premium.
Death Benefit
- The Death Benefit will be the "Sum Assured in respect of regular premium and Top-up Premium (if any) plus the fund value in respect of regular premium and Top-up Premium (if any)".
- If three years' regular premium has not been paid and the policy has lapsed, then death benefit will be the fund value in respect of regular premium and Top-up Premium (if any).
On maturity, the fund value in respect of regular premium and Top-up Premium (if any), will be paid.