Bajaj Allianz Fortune Gain Plan

  • Bajaj Allianz Fortune Gain is a non-participating single unit linked single premium endowment plan offered by Bajaj Allianz. It offers up to 99.5% of premium allocation to ensure that your investment is fully utilised. This plan provides benefits for the investment made. It also ensures that the deduction in charges are minimum.
  • In Bajaj Allianz Fortune Gain, the premium paid by you, after applying the applicable premium allocation rate, is invested Investor Selectable Portfolio Strategy. The units are allocated at the prevailing unit price of the fund. The mortality charge and policy administration charge are deducted monthly through cancellation of units. Fund management charge is adjusted in the unit price.

Key Features

  • It is a non-participating unit linked single premium endowment plan
  • 99.5% premium allocation for single premium of 10 lakh and above
  • The plan offers 7 types of funds
  • Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen
  • Option to decrease sum assured

Benefits

  • Top up Premimum
You can make lump sum investments at any time, except during the last five policy years, by paying top up premiums to enhance your fund value.
  • Switching Facility
You have the flexibility to switch units between your investment funds according to your risk appetite and investment decisions. You can make unlimited free switches The minimum switching amount is ` 5000 or the value of units in the fund to be switched from, whichever is lower.
  • Death Benefit
A lump sum amount will be paid to the nominee in case of unfortunate death of the insured.
  • Maturity benefit
The maturity benefit paid on the maturity date includes the single premium fund value plus top up premium fund value.
  • Surrender benefit
On surrendering the policy after the lock in period of 5 years, the insured will still avail the single premium fund value plus the top up premium fund value.
  • Tax benefits
The plan offers tax benefits under section 80C and section 10D under the Income Tax Act.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 1 63
MATURITY AGE 18 70
POLICY TERM 7 30
SINGLE PREMIUM 50,000 NO LIMIT
POLICY PAYING FREQUENCY SINGLE

What if?

  • I have to withdraw from the plan ?
  • The minimum amount of partial withdrawal is 5,000.
  • The single premium fund value should not fall below 1/5th of the single premium after a partial withdrawal.
  • Partial withdrawals will be paid by canceling the units at prevailing unit price.
  • All partial withdrawals will be first made from eligible top up premium fund value, if any, on First in First out (FIFO) basis. Once the eligible top up premium fund value is exhausted, further partial withdrawals will be made from the single premium fund value.
    • I want to take loan out of the plan ?

    No loan is available under this policy.
    • I want to withdraw from the plan ?

    No withdrawal plans are available under this policy.

    Exclusions

    • Suicide exclusion
    If the Life Assured commits suicide, whether sane or insane, within one (1) year from the Date of Commencement of Risk, the contract of insurance shall be void, whether or not any beneficial interest has been created therein, and the Company’s liability shall be limited to the extent of the Single Premium Fund Value and Top Up Premium Fund Value, if any, as on the date of intimation of the death at the Company’s office.