With Bajaj Allianz Fortune Plus we have formulated a unique combination of protection and prospects of attractive returns with investment in various mix of securities to make a perfect plan to last you a lifetime of prosperity and happiness.
Some of the key features of this plan are:
- Guaranted life cover, with a flexibility to choose insurance cover according to your changing needs
- More than 100% allocation after first 10 years of our association
- Presenting a unique investment 'Asset Allocation Fund' where you don't have to worry to switch funds in case market condition changes rather our experienced Fund Managers will monitor the mix of assets in the fund and will manage the mix in such situations to maximize your returns.
- If you want to manage the mix of assets for your policy on your own, you have the choice of 6 other investment funds with complete flexibility to switch money from one fund to other to manage your investments better.
- Your policy continues to participate in investment performance of the fund(s) even if you are not able to pay 3 full years' premium.
- Flexibility of withdrawals (partial or full) at any time after three years from commencement of the policy provided three full years' premiums are paid without any surrender charge.
- Get maturity value equal to the Fund Value at the time of maturity or in periodic instalments spread over a maximum period of five years.
- Option to increase or decrease your regular premium to get a portfolio that suit your needs
- A host of optional additional benefits, which ensures enhanced assurance to your family.
- Opportunity to make additional investments
Premiums paid by you, net of premium allocation charge, if any, are invested in fund(s) of your choice and units are allocated depending on the unit price of the fund(s). The value of your policy is the total value of units that you hold in the fund(s). The insurance cover charges including any rider benefit charge, and policy administration charges are deducted through monthly cancellation of units. Fund Management Charge is priced in the unit value.
Death Benefit
- On death occurring before the age of 7 years: The benefit payable will be the regular premium fund value plus top-up premium fund value, if any, as on date of receipt of intimation of death at the office.
- On death after the age of 7 years and before the age of 60 years: The benefit payable would be the sum assured less value of partial withdrawals made in the last 24 months prior to the date of death or the fund value as on date of receipt of intimation of death at the Company's office, whichever is higher. The death benefit payable would be calculated separately for regular premiums and top up premiums.
- On death of the life assured on or after attaining the age of 60 years: The benefit payable would be the sum assured less value of partial withdrawls made, after attaining age 60 years or the fund value as on the date of receipt of intimation of death at the office, whichever is higher. The death benefit would be calculated separately for regular premiums and top up premiums.
- If three years regular premium has not been paid and the policy has lapsed, regular premium fund value and top-up premium fund value, if any, as on date of receipt of intimation of death at the Company's office will be paid on death of the life assured
Maturity Benefit
On Maturity, the Fund Value in respect of regular premium and top up premium will be paid and policy will terminate.