Bajaj Allianz iGain III

Recommendations :No

Name of the policy :
Bajaj Allianz iGain III

A brief desciption :

Bajaj Allianz I Gain III is a ULIP Policy providing fund value at maturity and in case of death of the Life Assured before attaining 60 years of age, the nominee gets Higher of Sum Assured less partial withdrawals made last in 24 months (if any) or The Fund Value and in case of death of the Life Assured after attaining 60 years of age, the nominee gets Higher of Sum Assured less partial withdrawals made in last 24 months before age 60 years and all partial withdrawals made after age 60 years or The Fund Value. However loads of charges and almost neglible insurance makes this product worthless.

Started date :
3/11/2010

Type of policy :
Insurance cum Investment

Category :
ULIP

Insurance :
Min- For entry age below 45 yrs = 10 x Annualized Premium, For entry age 45 yrs and above = 7 x Annualized Premium, Max- Policy Term x Annualized Premium with base cover only [10 x Annualized Premium if any rider chosen]

Returns expected :
8%-10% (The performance would be less than a performing equity diversified mutual fund)

Entry age :
1-60 Years

Surrender :
Surrender value paid will be equal to the Fund Value as on date of surrender. ( Applicable only after 6 th Year)

Minimum amount :
For PPT 5-9 Years- 15,000, For PPT 10 Years and above- 10,000

Mortality Charges :
Mortality Charge will be deducted at each monthly anniversary by cancellation of units. Sample mortality charges per annum per thousand of sum at risk for a healthy male life is shown below: For Age 20- Rs 1.72, For Age 30- Rs 1.91, For Age 40- Rs 3.14, F


Premium Allocation Charge Year 1 :0.02%
Premium Allocation Charge Year 2 :0.02%
Premium Allocation Charge Year 3 :0.02%
Premium Allocation Charge Year 4 :0.02%
Premium Allocation Charge Year 5 :0.02%
Premium Allocation Charge Year 6 :0%
Fund Management Charge :Equity Growth Fund II 1.35%, Accelerator Midcap Fund II 1.35%, Pure Stock Fund 1.35%, Asset Allocatiob Fund 1.25%, Bluechip Equity 1.25%, Liquid Fund 0.95%, Bond Fund 0.95%
Surrender/ Premium Discontinuance Charge Year 1 :For AP 25,000- Lower of 20 % of (AP or FV) subject to maximum of 3000, For AP> 25,000- Lower of 6% of (AP or FV) subject to maximum of 6000
Surrender/ Premium Discontinuance Charge Year 2 :For AP 25,000- Lower of 15 % of (AP or FV) subject to maximum of 2000, For AP> 25,000- Lower of 4% of (AP or FV) subject to maximum of 5000
Surrender/ Premium Discontinuance Charge Year 3 :For AP 25,000- Lower of 10 % of (AP or FV) subject to maximum of 1500, For AP> 25,000- Lower of 3% of (AP or FV) subject to maximum of 4000
Surrender/ Premium Discontinuance Charge Year 4 :For AP 25,000- Lower of 5% of (AP or FV) subject to maximum of 1000, For AP> 25,000- Lower of 2% of (AP or FV) subject to maximum of 2000
Surrender/ Premium Discontinuance Charge Year 5 and above :Nil

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents