"We get only one life.
And it must be brilliant. We must fill it with excitement.
We must be passionate. We must reach the summit"
Oh really?. It's very easy to rhyme but the reality is so mediocre as in " बुढ़ापे का आसरा | इन्शुरेन्स से मिले सहारा " , " Jeevan ki bas ek hai seema.Jaruri hai Suraksha beema ".
We live only once, which is full of many spectacular opportunities. We must not live life in the fear of death. So how to balance life? How to get the best of both, Security and fantasy?
Dear Friends, as promised in the last post here's the detail blog post about #BajajAllianzLIC's new product 'Goal Assure' which will help us to achieve our #LifeGoals swiftly and securely with Life Cover as well.
#BajajAllianzLIC, India's leading private insurer launched a goal-based, new age #ULIP, named Bajaj Allianz Life Goal Assure, for Life Maximizers to enjoy maximum benefits. Let's check out how?
1. The Return of Mortality Charges (ROMC) feature of Bajaj Allianz Life Goal Assure guarantees that a policyholder will get back the cost of the life cover when the policy matures, thus enhancing the value of their corpus on maturity.
2. At maturity, the customer who opts to receive the maturity benefit in instalments (and not lump-sum) over a period of five years will receive the benefit of Return Enhancer which is an addition of 0.5% of each due instalment. During this period, the customer’s fund value will continue to participate in the fund(s) of his/her choice.
Tarun Chugh, Managing Director and Chief Executive Officer, Bajaj Allianz Life Insurance Company Ltd., said, “I believe our new age ULIP with its unique features will be a game changer for the industry. Today’s generation of retail investors, life maximizers as we identify them, have expanded the definition of #LifeGoals and are looking for investment solutions that are value packed, convenient and backed by reliable investment performance. We are confident that the new product will offer a powerful proposition to new age investors.”
How do we, the customers get maximum benefits from #Goal Assure?
In addition to ROMC and Return Enhancer, Bajaj Allianz Life Goal Assure also provides Fund Booster. It is an additional amount added to the Fund Value on the date of maturity of the policy. Other key features of the new ULIP include Loyalty Additions for paying premium regularly and staying invested in the policy. It is applicable for Annualized Premium of INR 5 lakh or more, and for policy terms of 10 years and above. There are also options to decrease Sum Assured, change Premium Payment Term, and unlimited free switches between funds for customers of the new age ULIP. To further enhance the value packed benefits customers will also enjoy tax benefits under section 80C and 10(10D).
Bajaj Allianz Life Goal Assure provides customers with four portfolio strategies that are designed keeping in mind the different customers’ needs and risk tolerance. The portfolio strategies are Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy and Auto Transfer Portfolio Strategy.
The ULIP Funds of Bajaj Allianz Life Insurance have consistently delivered one of the best CAGR returns, beating the benchmark indices over a longer horizon of three, five and ten years. Further, most of its funds enjoy high ratings from the coveted MorningStar rating agency.
The new age ULIP is designed for customers who are now more tech aware and is thus available online. The company has revamped its website www.bajajallianzlife.com to make it more intuitive and offer customers a simplified and convenient purchase journey. Customers can make informed decisions using tools such as Risk Xplorer, Goal-based journey, Returns Calculator and much more. The website is designed to guide customers through every step of their #LifeGoals planning and purchase.
Bajaj Allianz Life Insurance Company Limited is one of India’s leading private life insurance companies . It is a joint venture between Bajaj Finserv Limited, the holding company for the businesses dealing with financial services of the Bajaj Group, and Allianz SE, the world’s leading insurance conglomerate and one of the largest asset managers in the world. Bajaj Allianz Life Insurance Company Limited began its operations in 2001, and today has a pan-India presence with 631 branches as on 31 January, 2018. The company offers life insurance solutions through its strong product portfolio, which includes traditional insurance products and ULIPs for enabling customers fulfil their #LifeGoals. The company also offers group insurance and health insurance plans.