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.

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  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.

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  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

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

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.

• 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.

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'.

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

The major exclusions for the policy are as follows:

Suicide:
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.

BFL helpline number: 08698010101

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

E-mail: wecare@bajajfinserv.in

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