Bajaj Allianz Money Secure Plan
This plan has been withdrawn by the insurance company and is no longer available for sale.
Money Secure is a regular premium unit linked insurance plan with a guaranteed maturity value. You also have the flexibility to select the policy term and the premium paying term. There is an automatic annual increase in sum assured from the 6th policy year onwards.
It works just like any other Ulip. Your premiums are invested in the Assured returns Fund which is invested in the markets. Depending on the NAV of the fund, your investment would increase of decrease over a period of time.
Compare this plan with other Investment Plans
Bajaj Allianz Money Secure Plan - Key Features
Premium Term and Premium Paying Term can be chosen by you
Sum Assured will increase every year by the premium amount every year (after 6 years of the policy term)
Sum Assured can be decreased If need be
Flexibility in changing premium paying term and premium paying frequency
Bajaj Allianz Money Secure Plan - Benefits
Higher of the Sum Assured less the partial withdrawals made or the Fund Value on date of receipt of intimation of death.
The total accumulated fund value would be payable on maturity.
Premiums paid towards Life Insurance policies up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Mat
A large number of additional benefits can be taken in the form of riders by paying extra premium Top Ups can be made in this policy and there is no limit on the maximum amount of top up. Minimum amount should be Rs. 5000 though. You can make any number of partial withdrawals anytime after the 5th policy year. The regular fund value should not fall below 3 times t Others – 7 times the annualised premium Premium Allocation Charge – This charge is deducted from the Premium Paid by you Policy Administration Charge— This is the charge for the administrative working of the policy and is deducted by cancellation of units on a monthly basis Discontinuation Charge— This charge is for discontinuing the plan before the end of the Policy Tenure. Service Tax would be applicable on the charges depending on the applicable rates....
Eligibility conditions of Super CashGain Life Insurance Plan
Minimum
Maximum
Sum Assured (in Rs.)
Entry Age < 45 – 10 times annualised premium
20 times annualised premium
Policy Term (in years)
10
15
Premium Payment Term (in years)
Policy Term minus 5 years or Policy Term
Annual Premium
7000
No Limit
Entry Age of Policyholder
3
65
Age at Maturity
18
75
Payment modes
Yearly, Half-Yearly, Quarterly
Charges in Bajaj Allianz Money Secure Plan
