Bajaj Allianz Future Gain

Maturity Benefit

The maturity benefit under Bajaj Allianz Future Gain will be the regular premium fund value plus top-up premium fund value as on the maturity date. The condition to receive maturity benefit is that the policy needs to be active.

Surrender Benefit

You have the option to surrender your policy at any time. The policy gives you the option to surrender it anytime during the policy term. Surrendering the policy during the lock-in period the regular premium fund value plus the top up premium fund value minus the discontinuance or surrender charge will be transferred to the discontinued policy fund. After the end of lock-in period the surrender value will be paid. The life cover will cease immediately on the date of surrender of policy.

Death Benefit

Lump Sum death benefit will be payable if the policyholder dies during the term of the policy and provided the policy is active. The Death benefit will amount to higher of sum assured or regular premium fund value in addition to the higher of top-up premium sum assured or top-up fund value, if any. Guaranteed death benefit includes 105% of the total premiums paid plus top-up premiums paid, if any, till the date of death. If death occurs before the age of 60 then sum assured will be reduced by any partial withdrawals made for a period of 2 years immediately preceding the date of death of the life assured. If death occurs after the age of 60 then sum assured shall be reduced by any partial withdrawals made during 2 year period before attaining age 60 and all withdrawals made from regular premium fund after the age of 60 years. Partial withdrawal made from top premium will not be deducted from payment of death benefit.

Bajaj Allianz Future Gain plan offers additional riders which can be attached to the base policy for extra coverage.

• Bajaj Allianz ULIP Accidental Death Benefit Rider : Bajaj Allianz Accidental Death Benefit Rider offers additional sum assured in case of unfortunate death due to an accident

• Bajaj Allianz ULIP Accidental Permanent Total/ Partial Disability Benefit Rider: Bajaj Allianz ULIP Accidental Permanent Total and Partial Disability Benefit Rider offers extra sum assured in case of unfortunate disability which is permanent or partial due to an accident.

• Bajaj Allianz ULIP Critical Illness Benefit Rider : Bajaj Allianz ULIP Critical Illness Benefit Rider provides for extra sum assured on the first diagnosis of any of the mentioned 11 critical illnesses.

• Bajaj Allianz ULIP Family Income Benefit Rider : Bajaj Allianz Family Income Benefit Rider offers 1% of the Rider Sum Assured, payable monthly in case of the first occurrence of death, accidental permanent total disability or first diagnosis of any of the specified 11 critical illness.

• Bajaj Allianz ULIP Waiver of Premium Benefit Rider : Bajaj Allianz ULIP Waiver of Premium Benefit Rider offers a waiver of premium benefit for all premiums if the policyholder dies, gets permanently disabled or contracts any of the specified 11 critical illness.

If the policyholder commits suicide in the first year from commencement or revival of policy then only the regular premium fund value and top-up premium fund value, if any, will be payable as on the date of death. Any other charges deducted following the date of death of the policyholder will be paid back to nominee inclusive of the death benefit amount.