Increasing inflation is impacting people's lives in several ways, casting a doubt on the financial security of individuals and families. In such a situation, excellent financial planning and a comprehensive insurance policy can be your saviour. Among numerous policies available in the market, the Bajaj Allianz Future Gain plan is the correct option for you because of its benefits like dual advantages, partial withdrawal, and add-on riders. This is a Unit Linked Insurance Plan (ULIP) - that assists you in generating wealth from your premiums by investing in the capital market. Now, you no longer need to be concerned about your family's future or your child's education, as the Bajaj Allianz Future Gain ULIP not only provides you with financial security but also lets you grow your funds through investments.
Bajaj Allianz Future Gain plan works in two ways. The first component is used for your life insurance policy premiums, and the second portion is used to gain monetary benefits by investing in equity and debt funds. Moreover, you also have the option to increase or decrease the ratio of your capital investments in favour of your insurance coverage, depending on your future financial goals. As a result, you will reap substantial monetary rewards in both scenarios.
Here are the reasons to purchase a Bajaj Allianz Future Gain plan.
You will receive the benefits of both an investment and an insurance plan in a single policy.
The policy can help you finance your children's education, which will decrease your financial burden.
With this policy, you can invest in multiple funds like equity growth funds and bond funds - letting your money grow.
After buying a Bajaj Allianz Future Gain ULIP policy, you will be assured that in your absence, expenses pertaining to your children’s education and your family’s future will be secured, which shall give you peace of mind.
The plan offers additional top-up covers like critical illness, permanent accident disability, and family income benefit rider.
Bajaj Allianz Future Gain plan gives you the option of allocating capital into seven funds, including equity growth fund, liquid fund, bond fund, and so on. Then, using the investment portfolio strategy, you can invest your premium amount into the funds of your choice.
When the Bajaj Allianz Life Future Wealth Gain policy completes five years, you can make a partial withdrawal of up to 50% of the funds. You are allowed to make two withdrawals in a year. However, the time interval between both withdrawals should be more than three months.
Following are the benefits that you will get along with the ULIP plan:
In the unfortunate event of your demise before the policy's maturity, the nominee will get the policy amount.
The premiums, maturity, and death benefits are tax-deductible under sections 80C and 10(10D).
Under the Bajaj Allianz Future Gain ULIP plan, you will get the sum of the amount you have paid as the premiums.
With the premium top-up service, you can increase your capital amount by a minimum of Rs. 5,000.
Here are the steps to follow for the same.
As a first step, you must inform your insurance company about the policyholder's death.
Next, please fill out the claim application form and submit it along with the essential documents, including death certificate, policy documentation, a copy of FIR in the event of accidental death, etc.
Following that, the company will verify the provided details.
If the details furnished are found to be accurate, the amount will be transferred into the nominee's bank account.
Financial planning has become an essential component of our lives. Providing financial stability to your family should be your priority, and with this end goal in mind, it is recommended that you opt for an insurance plan.
You can choose between four available tenures, i.e., 10, 15, 20, and 30 years.
You can choose from the two available options, the first one is the Investor selectable portfolio strategy, and the second is the Wheel of life portfolio strategy.
The maximum age is 70 years old.
You are allowed to make partial withdrawals only after the five-year lock-in period of the policy.
You are required to provide address proof, age proof, KYC documents, and medical history documents.
I invested in Bajaj Allianz future gain ULIP to make sure that my child gets quality higher education. The dual benefit of investment and insurance is the best part about future gain ULIP. I would recommend it to everyone looking to safeguard their long term financial goals.
While investing in the Bajaj future gain, I could easily choose the investment option according to my risk appetite. Thanks to Finserv MARKETS, I could secure my child’s future with ease.
The application process was online and simple and I could avail investment and insurance under one plan. I can also check the fund performance online. It is the best option to secure your long term financial goals.
When my son decided to pursue higher education, saving for it was a priority. The Bajaj Allianz Future Gain was an ideal plan for my saving requirement. Great product.
Bajaj Future Gain helped me build wealth for my daughter's education. With good returns, flexibility to switch between funds, and more, the plan was a great choice for my financial decision.
I purchased the Bajaj Allianz Future Gain ULIP plan on Finserv MARKETS. Its unique features let me maximize my benefits at nominal costs. While purchasing the plan, I got a choice to choose from 2 investment portfolios, making it a more customized experience!
Bajaj Future Gain ULIP offered me great flexibility through partial withdrawal and option to switch between funds. This way I got complete visibility of my invested amount. Great plan!