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.
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:
|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|
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.
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)|
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|
|15 years and above||30%||42%||60%||90%|
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
|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|
|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)
|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|
|45 years and above||10|
|Minimum/ maximum top-up sum assured||125% of top-up premium|
Here are the benefits payable under the Wealth Plus variant:
You can follow these simple steps to buy this policy:
The following documents will be needed to buy the policy:
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.
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.
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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