Indian Lifestyle Blog - Bajaj Allianz Life Goal Assure
You would have rarely seen me talking about investment products, investment plans and various investment options. Fit As A Fiddle is a lifestyle blog and it is important for me to cover new products and schemes because it is an important aspect of our lives for our better future.
If you would have seen my Instagram and Facebook stories you would know what I am talking about! I attended the launch of new investment product by Bajaj Allianz Life Insurance last month at St Regis hotel. It was a well-organised event providing insight into financial planning, investment plans, investment examples, online games and live Q&A session with the Bajaj Allianz team.
Read on to know about the new investment product launched by Bajaj Allianz Life, which I had mentioned in my previous post as well. You can now plan your life experiences without any woes and live life to the fullest. I am sure many of us unaware of what investment products are. I was one of them too. And I feel it is so important to get educated about everything in your 20s.
Investment products are financial products that provide an opportunity to create wealth for future.
It is important to start investing for your life goals (be it funding your child’s education, worry-free retirement, wealth creation, travel the world etc) at the earliest. Thanks to the power of compounding due to which, you can easily achieve your life goals with small, regular investments over a period of time.
So, Bajaj Allianz Life Insurance has launched new age ULIP product for life maximizers - Bajaj Allianz Life Goal Assure which can help one to realize their dreams and plan for future.
The unique feature of this value-packed goal-based ULIP product are as follows:
- Return of life cover charges at maturity. It 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.
- Value Packed Benefits: 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.
- Choice of 4 investment portfolio strategies. The portfolio strategies offered are Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy and Auto Transfer Portfolio Strategy.
- Choice of 8 funds to achieve your life goals.
- Also, have an option to switch between the funds.
- Tax benefits under section 80C and 10 (10D).
- It is very convenient and designed for tech-savvy customers. The website has been revamped and Bajaj Allianz Life Goal Assure is available online. Informed decisions can be made using various tools like a goals-based journey, returns calculator, etc.
- 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.
According to Tarun Chugh, Managing Director and Chief Executive Officer,
Bajaj Allianz Life Insurance Company Ltd, “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.”
You can get updates on the brand's Twitter Handle @BajajAllianzLIC. You can also follow the brand on Facebook for more updates about the product. #LifeGoals
For any other queries please feel free to reach out to me.
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