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  Bajaj Allianz Life Insurance (Toll Free) 1800-233-3355
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iGain III - The Easiest Way To Buy ULIP Online
Download iGain III Brochure - find more details Download Brochure iGain III FAQ - find more information on investments and tax saving Frequently Asked Questions
                 
 

With iGain III ULIP Plan, you have the flexibility to :-

  • Save Tax
  • High allocation upto 98%
  • Accidental death cover
  • Unlimited free switches
  • Make partial withdrawals anytime after five years from the commencement of the iGain III policy.
  • Make top-up premium payment over and above regular premiums.
  • Change your premium payment term.
  • Decrease your sum assured.
  • Change your premium payment frequency.
  • Get Optional riders to enhance your protection.
     
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    Bajaj Allianz iGain III ULIP scores a 5 star rating in Price, Features, Servicing and Overall Performance.
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Product Features
Key Highlights
The plan offers you key benefits:-
  • Exclusive ULIP that you can buy online.
  • High allocation of 98% from the start of the policy.
  • 100% allocation from 6th policy year onwards.
  • Inbuilt accidental death cover.
  • Option to select policy term of 10/15 or 20 years and premium paying term of 5 years to policy term.
  • Automatic annual increase in sum assured from 6th policy anniversary to suit your needs.
  • Choice of 7 investment funds to invest in as per your risk appetite.
  • Two investment portfolio strategies to manage your investments better; including the Wheel of Life portfolio strategy, which will help you to balance and safeguard your investment.
With iGain III, you have the flexibility to:-
  • Make partial withdrawals anytime after five years from the commencement of the policy.
  • Make top-up premium payment over and above regular premiums.
  • Change your premium payment term.
  • Decrease your sum assured.
  • Change your premium payment frequency.
  • Get Optional riders to enhance your protection.
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What are my Investment Options and Funds?
Bajaj Allianz iGain III Insurance Plan provides you with two unique portfolio strategies, which can be chosen at the inception of the Policy or on subsequent policy anniversary:-
  • Investor Selectable Portfolio Strategy
  • Wheel Of Life Portfolio Strategy
a) Investor selectable Portfolio Strategy:-
If you want to allocate your premiums based on your personal choice and decision, you can opt for this strategy. Bajaj Allianz iGain III Insurance Plan offers you choice of seven (7) funds to suit your investment needs.
    Asset Class  
Funds Investment Objective Bank Deposits & Money Market Instruments* Equities* G Secs, Bonds, Fixed Deposits* Risk Profile
Equity
Growth
Fund II		 To provide capital appreciation through investment in selected equity stocks that have the potential for capital appreciation. 0% - 40% 60% - 100% - Very High
Accelerator Mid-Cap Fund II To achieve capital appreciation by investing in a diversified basket of mid cap stocks and large cap stocks. Minimum 50% of Equity Investments would be in Mid Cap stocks 0% - 40% 60% - 100%   Very High
Pure Stock Fund To specifically exclude companies dealing in Gambling, Contests, Liquor, Entertainment (Films, TV, etc.), Hotels, Banks and Financial Institutions. 0% - 40% 60% - 100%   Very High
Asset Allocation Fund To realize a level of total income, including current income and capital appreciation, which is consistent with reasonable investment risk. The investment strategy will involve a flexible policy for allocating assets among equities, bonds and cash. The fund strategy will be to adjust the mix between these asset classes to capitalize on the changing financial markets and economic conditions. The fund will adjust its weights in equity, debt and cash depending on the relative attractiveness of each asset class. 0% - 100% 0% - 100% 0% - 100% High
Bluechip Equity Fund Capital appreciation through investment in equities forming part of NSE NIFTY. 0% - 40% 60% - 100%   High
Bond Fund Provides accumulation of income through investment in high quality fixed income securities. 0% - 100%   0% - 100% Moderate
Liquid Fund Protection of the invested capital through investments in liquid money market and short-term instruments. 0% - 100%     Low
*The exposure to money market securities may be increased to 100%, keeping in view market conditions, market opportunities, and political, economic and other factors, depending on the perception of the Investment Manager. All changes in the asset allocation will be with the intention of protecting the interests of the policyholders.
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b) Wheel of Life Portfolio Strategy:-
  • We provide you with "Years to maturity based portfolio management".
  • At the commencement of the Policy, your premium (regular premium and top up premium, if any) would be allocated in various funds in the proportion as mentioned below.
  • On each policy anniversary, we will reallocate your fund value among various funds in the proportion based on your outstanding years to maturity.
  • The premiums (regular premium and top up premium, if any) paid in that particular policy year will also be allocated in the same proportion.
  • All allocations & de-allocations of units shall be based on the prevailing unit price.
  • This will ensure that a balance is maintained between your "years to maturity" and level of risk to your investments to optimize the returns
  • The rates of allocation/reallocation of your premium /fund value into various funds based on your outstanding years to maturity will be as follows:-
  Proportion in following three Funds (%)    
Years to Maturity Bluechip Equity
Fund		 Equity Growth
Fund II		 Accelerator Mid-Cap
Fund II		 Total Bond Fund (%) Liquid Fund (%)
20 20 50 30 100 0 0
19 30 50 20 100 0 0
18 30 50 20 100 0 0
17 30 50 20 100 0 0
16 30 50 20 100 0 0
15 40 40 15 95 5 0
14 40 40 10 90 10 0
13 40 40 5 85 15 0
12 40 40 0 80 20 0
11 40 35 0 75 25 0
10 40 30 0 70 30 0
9 40 25 0 65 35 0
8 40 20 0 60 40 0
7 40 15 0 55 45 0
6 40 10 0 50 50 0
5 40 0 0 40 55 5
4 30 0 0 30 60 10
3 20 0 0 20 65 15
2 10 0 0 10 70 20
1 0 0 0 0 80 20
Premium Apportionment:
  • Under the Investor Selectable Portfolio Strategy you can choose to invest fully in any one fund or allocate your premiums into the various funds in a proportion that suits your investment needs. The premium apportionment to any fund must be at least 5%.
  • You may at any policy anniversary, change the proportion of premium to the funds you want to invest in.
  • Under the Wheel of Life Portfolio Strategy, you will not have the option to choose the proportion. The apportionment of the allocated premium will be as per the Wheel of Life Portfolio Strategy table.
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Death Benefit
In case of death of the life assured before attaining the age of 60 years: The death benefit payable would be the higher of sum assured less value of partial withdrawals made in the last 24 months prior to the date of death or the fund value as on date of receipt of intimation of death at the Company's office. The death benefit payable would be calculated separately for regular premium and top up premiums.
In case of death of the life assured on or after attaining the age of 60 years: The benefit payable would be the higher of sum assured less value of partial withdrawals made within 24 months before attaining age 60 years and all partial withdrawals made after attaining age 60 years or the fund value as on the date of receipt of intimation of death at the Company's office. The death benefit payable will be calculated separately for regular premiums and top up premiums
In case of death of the life assured due to an accident after attaining age 7 years: An additional sum assured in respect of regular premium and top-up premium of the policy is payable.
The sum assured will increase by an annual premium at each policy anniversary starting from the 6th (sixth) policy anniversary. The death benefit and the mortality charge shall be calculated referring to such enhanced sum assured.
The policy will terminate on the death of the life assured.
 
Maturity Benefit
On maturity, you will receive the Fund Value as on the maturity date.
 
Surrender Benefit
You have the option to surrender your policy anytime from the 6th (sixth) policy year. The surrender value payable will be equal to the Fund Value as on date of surrender of the policy. The policy shall thereafter terminate upon payment of full surrender value.

However, on discontinuance of payment of regular premium during the first five policy years, the discontinuance value as on date of discontinuance will be equal to the regular premium fund value less discontinuance charge, if any, plus top up premium fund value, if any.
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Additional Rider Benefits
You can enjoy following extra coverage by choosing the optional additional rider benefits at policy inception or at any subsequent policy anniversary at a nominal extra cost.
a) Bajaj Allianz UL Family Income Benefit Rider (UIN 116A018V01)
b) Bajaj Allianz UL Term Rider (UIN 116A021V01)
c) Bajaj Allianz UL Waiver of Premium Benefit Rider (UIN 116A019V01)
d) Bajaj Allianz UL Critical Illness Benefit Rider (UIN 116A015V01)
e) Bajaj Allianz UL Hospital Cash Benefit Rider (UIN 116A016V01)
f) Bajaj Allianz UL Accidental Permanent Total / Partial Disability Benefit Rider (UIN 116A014V01)
Also at any policy anniversary you have the option to exclude the rider coverage but once the rider cover is excluded cannot be included again.
 
If you choose any of the following riders then the minimum premium paying term should be 10 years.
1. Bajaj Allianz UL Family Income Benefit
2. Bajaj Allianz UL Term Rider
3. Bajaj Allianz UL Critical Illness Benefit Rider
4. Bajaj Allianz UL Hospital Cash Benefit Rider
(Please refer to Additional Rider Benefit brochures for more details)
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Sample Illustration*
Age Maturity Age Policy Term Premium Paying Term Premium p.a. Sum Assured Fund Value at maturity@6% Fund Value at maturity@10%
30 40 10 10 15000 150000 1,83,567/- 2,30,086/-
30 45 15 15 15000 150000 3,13,643/- 4,42,204/-
30 50 20 20 15000 150000 4,77,116/- 7,64,019/-
*This is an indicative projection on basis of prescribed growth rate by the regulator. The above projection is based on 100% investment in 'Bond Fund' for male healthy lives and after service tax.
 
 
Change in methodology of NAV of ULIP funds.Read more....

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