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Bajaj Allianz Life Future Wealth Gain: Wealth Plus Variant

To secure your family's long-term financial goals, you need an insurance plan that provides the dual advantage of security and growth. A policy that enables flexibility of investing in a range of options, giving you the benefit of market upsides for staying invested even during periods of uncertainty, ultimately ensuring that your family achieves all the financial goals you have planned for them.

Presenting Bajaj Allianz Life Future Wealth Gain, a non-linked and unit-linked insurance plan with regular and limited premium payment options, provides a cushion of security and growth to meet future financial goals.


Key features and benefits

  • High life insurance cover

    With this policy, you can get a higher life insurance cover to ensure that your loved ones are financially secure even when you are not around.

    A high maximum sum assured can be offered to the policyholder depending on their age band as follows:

    Age Multiplier
    0 – 25 years 40 times the annualised premium
    26 – 35 years 30 times the annualised premium
    36 – 40 years 20 times the annualised premium
    41 – 44 years 15 times the annualised premium
    45 years and above 10 times the annualised premium

  • Choice of two investment portfolio strategies

    Invest smartly with two unique portfolio strategies, investor selectable portfolio strategy and wheel of life portfolio strategy. You can select the inception of your policy or on any subsequent policy anniversary.

  • Loyalty additions

    The insurer shall allocate loyalty additions to the regular premium fund value as a percentage of one annualised premium at the end of every five policy years starting from the 10th policy year, provided all due regular premiums have been paid up to date.

    The loyalty additions are below:

    At the end of the policy year Loyalty addition^ (% of one annualised premium)
    10 15%
    15 20%
    20 25%
    25 30%

    Note: Loyalty addition is based on prevailing annualised premium

  • Fund booster

    Fund booster will be added to the regular premium fund value at maturity, provided all due regular premiums have been paid up to the date of the allocation of fund booster.

    The fund booster (as % of one annualized premium) are as below:

    Fund booster~ as (% of one annualized premium) for policy term Premium Payment Term (PPT)
    5 years 7 years 10 years 15 years
    10 years 5% 7% 10% NA
    15 years and above 30% 42% 60% 90%

    Note: Fund booster is based on annualized premium chosen at inception

    *There will be no fund booster on top-up premiums

  • Multiple policy terms

    This plan comes with a range of policy terms enabling you to choose a policy term per your needs and requirements.

    Policy term (in years) 10 15 to 25
    Premium payment term (in years) 5, 7, and 10 5, 7, 10, and 15

Eligibility criteria

You are eligible for this policy as per the requirements given below:

Wealth Plus variant

Parameter Details
Minimum age at entry 18 years
Maximum age at entry 53 years
If more than one rider is chosen under the policy, the maximum age at entry shall be restricted to 50 years.
Minimum age at maturity 28 years
Maximum age at maturity 70 years


Parameter Details
Policy term Policy term (in years) 10 15 to 25
Premium Payment Term(in years) 5, 7, 10 5, 7, 10, 15
Premium payment frequency Yearly, half-yearly, quarterly and monthly
Quarterly and monthly premium payment frequency will be available under a salary deduction scheme and ECS.

(including all taxes)
Minimum Annual Rs. 50,000
Half-yearly Rs. 30,000
Quarterly Rs. 15,000
Monthly Rs. 5,000
Maximum Per maximum sum assured allowed
The minimum top-up premium is Rs. 5,000
Minimum sum assured 10 times annualised premium
Maximum sum assured Age Multiplier
0-25 years 40
26-35 years 30
36-40 years 20
41-44 years 15
45 years and above 10
Minimum/ maximum top-up sum assured 125% of top-up premium

Benefits payable under Wealth Plus variant

Here are the benefits payable under the Wealth Plus variant:

Surrender value

  • If surrendered during the lock-in period, which is the first five years of the policy, the fund value will be transferred to the Discontinued Life Policy Fund (maintained by the insurer). Also, the risk cover under the policy will be ceased to exist.
  • If surrendered after the lock-in period of the first five policy years, the surrender benefit available will be the fund value and paid immediately.
  • Under the Wealth Plus variant, if a premium waiver is opted and has already been triggered under the policy, then on termination of the policy, the present value of future waiver of premium instalments will be paid at a discount of 4% p.a.

Option to reduce the premium paying term
  • You will have the option to reduce the prevailing regular premium under the policy after the first five policy years.
  • The reduction of the regular premium can be up to 50% of the payable at the inception of the policy.
  • Once reduced, the same cannot be increased, even for the regular premium at the inception of the policy.

How to purchase the policy?

You can follow these simple steps to buy this policy:

  • To apply for the product, click on 'Apply Now' and fill in the necessary details in the application form.
  • Make the fee payment online.
  • If required, opt for a call back from our representatives or complete the process by clicking on 'Buy Now'.

List of documents required to buy the plan

The following documents will be needed to buy the policy:

  • A filled-in proposal form furnishing all the details of the proposed life assured
  • A recent passport-sized coloured photograph of the life assured
  • A self-attested photocopy of proof of address like Aadhaar card, passport, electricity bill, etc.
  • A self-attested photocopy of proof of identity like an Aadhaar card, PAN card, passport, etc.
  • A self-attested photocopy of age proof like PAN card, passport, school leaving certificate, etc.
  • A cheque towards payment of the first premium of the insurance policy

Major policy exclusions

The major exclusions for the policy are as follows:

In case of death of the insured due to suicide within 12 months from the date of inception or the date of the latest revival of the policy, the insurer's liability shall be limited to the fund value as on the date of death. Any charges recovered after the date of death shall be paid back to the nominee along with the death benefit.

Note: For the other terms of exclusions under the policy, it is advised to refer to the plan brochure.

Claim/ assistance contact details

BFL helpline number: 08698010101

Bajaj Allianz Life Insurance helpline number: 1800-209-7272


Mailing address: Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.

For claim related issues, please refer to your policy document or Certificate of Insurance (COI).


Bajaj Finance Limited (BFL) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Co. Ltd, ACKO General Insurance Co. Ltd., Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, and ManipalCigna Health Insurance Company Limited under the IRDAI composite registration number CA0101.

Please note that BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability and viability of any insurance product. Any decision to purchase an insurance product is solely at your own risk and responsibility, and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. This product provides insurance coverage under Bajaj Allianz's Life Future Wealth Gain UIN: 116L142V02.

Please refer insurer's website for policy wordings. For more details on risk factors, terms and conditions, and exclusions, please read the product sales brochure carefully before concluding a sale.

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