The policy coverage is good and the premiums are low. Let us know your age. This is applicable for certain types of Life Insurance products. Great Deal Traditional policy plan i purchase from bajaj allianz life insurance. Bajaj Allianz Life Principal Gain, a guaranteed maturity unit linked insurance plan that has been
Bajaj Allianz Life Insurance Products
Talk to an expert Premium calculator Tools. Talk to an expert Name. It will override my registry on the DNCR. Why do I Need Travel Insurance? Any Other Special Features?
Now get on-call support anywhere in the world. It offers reimbursement of expenses incurred in celebrating a hole-in-one by the insured during the trip, anywhere in the world excluding India , in a United States Golfers' Association recognized golf course. This cover is provided in Travel Companion.
What are the Exclusions Applicable to Travel Policies? Any medical condition or complication arising from it which existed before the commencement of the policy period, or for which care, treatment or advice was sought, recommended by or received from a physician. Routine physical or other examination where there is no objective indication of impairment of normal health. Medical expenses beyond the expiry of the policy period. Manual work or hazardous occupation, self-exposure to needless peril except in an attempt to save human life , engaging in any criminal or illegal act.
Pregnancy, resulting in childbirth, miscarriage, abortion, or complication arising out of any of the foregoing. Experimental, unproven or non-standard treatment. One feels the need of buying life insurance when he or she has someone else who is dependent on their income.
The best time to buy a life insurance policy is when you're young and are less susceptible to life threatening diseases or events. What's more beneficial is that the premium amount will also be lesser than someone who is older, since the mortality rates are linked to age. Also, if the life insurance policy you choose is one that grows your money, then if you start early you don't have to worry about attaining your financial goals when you're older. Let's take an example to understand this:.
Gaurav has decided to pay Rs. The Sum Assured chosen by him is Rs. Gaurav may receive Rs. In case of Gaurav's unfortunate death, in the 14th policy year, his nominee may receive Rs. The premium you pay is decided by a number of factors. Some of them are your age, the younger you are, the less premium you pay. Your gender, women pay a marginally lower premium than men. Premium will also depend whether or not you are a tobacco user, if you smoke or chew tobacco, you'll end up with a higher premium amount.
The tenure will also play a big role, the longer the tenure, the more the premium you pay. When you start young, you get the same coverage at a lower premium, thus allowing you a long-term, low-cost cover at minimal premiums. The earlier you plan for your life goal the better it is for you. Getting the best life insurance policy means getting a plan that covers all your needs and helps you work towards your life goals.
Thus to get a good plan, understanding your needs first, becomes of utmost importance. An ideal life insurance policy is the one that is inflation-proof, ensuring a comfortable life to your loved ones, even 10 years down the line! Nowadays, the best life insurance plans are available online.
This is because they offer the same coverage as their offline counterparts, but at differential premium rates. The Life Cover or Sum Assured is one of the most critical aspects of a life insurance policy.
This is because, in case of any unfortunate event, it's the coverage amount that will safeguard the financial interest of your family. It's important to note that the coverage amount needed will differ from one person to another depending on a few factors, some of which are stated below:. The coverage amount is designed to take care of your loved ones in case you're no longer around to do so yourself. Therefore, the higher the number of dependents, the higher the coverage amount needed.
When fixing on your sum assured, make sure you take into account the present lifestyle expenses of your family. This will ensure that they enjoy a comfortable life, come what may. Take into consideration the cost of inflation: Fixing on a coverage amount based on costs today would be a dire mistake, because this amount will not support your family's expenses 10 or 15 years down the line till the next family member comes of earning age.
Also, costs of education escalate faster than normal inflation rates. Hence, one must fix on a coverage amount that includes the cost of inflation. The last thing you want is for your family members to bear the burden of your liabilities.
So, if you have any loans or debts, make sure the sum assured covers these costs. We are one step away from planning your LifeGoals!
Help us with your name and age. Skip this for now and show LifeGoals. Hi , That's a nice name! Let us know your age. My Child's Dream Wedding. My 1 st Crore. A Fund in Need. Hey , Work hard in silence and let your dream car make the noise! What type of car you dream of? How much are you willing to spend on it? In how many years are you planning to drive your Dream Car? Hey , let's lay the foundation for your Dream Home! How much are you willing to spend on your dream home?
When in the future would you want to move in to your Dream Home? Hey , it's time to hit the bull's eye! When are you planning to make your 1st CR? Your expected rate of return will be. Hey , it's great to know that you want to be your own BOSS! How much capital would you require to support your idea? When are you planning to kick start? Hey , be the superstar for your little star! When you invest in a ULIP, you protect your family from the consequences of living without you or your income — today, tomorrow and for all days to come.
Online ULIP plans are also one of the most flexible protection and investment instruments available today. They offer quarterly and yearly premium payment options and you can opt for the frequency as per your requirement. This allows you to participate in the equity markets at a minimal cost while keeping your life goals secured and family protected.
A ULIP ensures all your financial goals are met, whether it's saving for an emergency fund, planning for retirement, or protecting your family's financial future. While the low charges of our Unit Linked Insurance Plans ULIPs make them attractive, the main advantage is the seamless and tax-efficient transfer from debt to equity funds, and vice versa.
This switching may be for varied reasons, including rebalancing the portfolio or even timing the markets by savvy investors. Unlike Mutual funds, which is a pure investment tool, ULIPs offer both life insurance and an investment plan.
A Unit linked insurance plan offers three investment options—flourishing equity options, safe debt options and balanced options, thus satisfying the needs of the risk-averse as well as the aggressive investor.
With a mutual fund, if your investment takes a hit due to falling markets, you have only two options, to surrender your fund or to stay invested and hope for the markets to rise again.
However, with a ULIP plan you can switch your funds based on their performance. ULIP plans mostly involve a premium allocation charge, which have been capped at 1.
Also it's important to note that the charges of a Unit Linked Insurance Plan are only for the first few years, post which the charges start to reduce and disappear altogether. With ULIP plans you have the tax advantage under Section 80C, wherein the premiums paid can be used to avail deductions on your taxable income up to Rs 1,50, This is not the case with a mutual fund, wherein only a selected number of funds offer this tax benefit.
The returns of a Unit Linked Insurance Plan are also tax exempt! Before committing on a certain ULIP, you should ensure that the said plan is an ideal match for your financial standings and future needs. You can follow the steps mentioned below to arrive at a plan that best suits your needs.
The ULIP you choose should offer you a wide range of asset classes to invest in. A good ULIP will offer you at least 6 to 8 fund options to choose from. The lesser the charges the more scope there is for your money to grow. A good ULIP will invest your entire premium without deducting any premium allocation charge. With more options to pay your premium, you have the freedom to go in for a payment structure that suits your needs.
A good ULIP plan will offer you the options of single premium payments, limited premium payments and regular premium payments. Choose a ULIP that offers you a higher sum assured or higher fund value of your plan.
One of the major differentiating features of a ULIP is the fact that you can switch your funds between debt and equity markets. Ensure the plan you go in for allows you some free switches, post which the switching charge levied isn't very heavy. The NAV simply refers to the value of each unit of the fund on a given day. ULIP NAV is calculated by adding together all the ULIP holdings on a particular day and then subtracting all liabilities such as operating expenses, marketing expenses, management fees, among other permissible expenses and charges.
To get SMS updates on your policy—now you can refer to our glossary of pull sms services from the table:. You have your answer right in front of you — a ULIP plan A ULIP policy gives you a life cover that protects your family while also giving you an opportunity to invest in burgeoning equity markets so you can grow your money to meet your future financial goals.
Why should you invest in a Unit Linked Insurance Plan? Here are four reasons why you should invest in a ULIP plan today! Given the kind of performance equities have provided in the recent past, considering ULIPs as an investment option becomes even more attractive.