Bajaj Allianz Launches Invest Plus and revolutionizes the Insurance market YET AGAIN!!!

Bajaj Allianz once again revolutionizes the life insurance industry by launching Invest Plus – a traditional plan that offers transparency and flexibility of ULIPs with minimum guaranteed investment returns, which is guaranteed at the beginning of the year itself. This is the first of its kind traditional plan that offers upfront minimum guaranteed investment returns at the beginning of each year and an guaranteed maturity value so that customers can feel protected at all times and plan their investments without any worries.

Kamesh Goyal, Country Manager, Allianz & CEO, Bajaj Allianz Life Insurance, said, “Invest Plus offers guaranteed benefits in these uncertain times. The USP is the transparency of a ULIP product in a traditional product. The Minimum Guaranteed Investment Return works towards the benefit of the customer as he gets an upfront minimum guaranteed rate of return. This would be beneficial irrespective of market conditions as he is equally compensated by a Guaranteed Return.”

“This is the first traditional insurance plan which offers unmatched flexibilities and transparency similar to a ULIP. Flexibility of choosing life cover is another benefit offered to customers” commenting on the product Anil Singh, Head Product Development, Bajaj Allianz Life Insurance.

Minimum Guaranteed Investment Return stands for a rate of return which is declared at the beginning of each financial year itself and promises to offer the customer the same return for the year irrespective of the market scenario. Like, for the current financial year 09-10 it is 7%.

Another unique feature of Invest Plus is that it offers Guarantees like Guaranteed Maturity Value (GMV) and Guaranteed Investment Return (GIR), GIR is declared at the beginning of each financial year and GMV is equivalent to the total regular premiums paid till maturity date.

Flexibility Features:

• Flexibility to pay additional premium when every you like- Gain upto 121% credit on Additional premium paid
  
• Flexibility to decrease premiums as per choice.
  
• Flexibility in choice of amount of life insurance cover
  

Advance Features:

• Refund of up to 100% of cost of insurance cover paid
  
• Take a loan against the policy
  
• Loyalty Addition from 11^th policy year onwards to enhance the accrued maturity value by an amount equivalent to 10% of each Net Premium paid.