Bajaj Allianz Life Insurance has launched two new ULIP plans based on the new guidelines issued by the IRDA. It has come up with the plans Max Advantage and Wealth Insure which offers customer friendly investment option helps to reduce cost and improved returns.

A) Max Advantage: what it offers to you?

1)      Max Advantage unit linked plan locks highest NAV guarantee during entire 10 years.

2)      Plan allows refund of 60% total premium allocation charge as guaranteed addition at maturity.

3)      Flexibility to select or change premium paying term of 5 to 7 years at inception.

4)      Flexibility to pay top-ups premiums and make partial withdrawals.

5)      Plan offers additional Sum Assured in case of accidental death.

6)      Unlimited free switches in funds other than Max Gain Fund II.

7)      Choice of 5 investment fund options to choose from.

B) Wealth Inure:

            Bajaj Allianz’s second offering is Wealth Insure which is one step ahead of Max Advantage. Wealth Insure is a single premium endowment ULIP that provides hassle free way of investing money as well as taking care of insurance needs.

Wealth Insure: Key Highlights.

1)      Loyalty addition up to 7% of single premium at the end of the fifth year.

2)      Choice of 7 investment fund options to choose from.

3)      Flexibility to pay unlimited top-up premium and make partial withdrawals.

4)      Flexibility to receive the maturity proceeds as settlement option.

5)      Option to decrease Sum Assured.

6)      Systematic switching option to manage your investments better.

7)      Optional additional rider benefits to enhance your protection.

Bajaj Allianz Life Insurance believes that feature of highest NAV guarantee, 60% refund on allocation charge and flexible term to choose makes sure that once your returns go up, they stay up in Max Advantage. And Wealth Insure which will ease your investments with payment of single premium.