 "Bajaj Allianz Life launches Principal Gain, a Ulip with assured returns")
Bajaj Allianz Life Insurance launched Bajaj Allianz Life Principal Gain, a unit-linked product with assured returns. The plan offers 101% of premiums paid as returns even if the market sees a slowdown and offers a guaranteed loyalty addition for those who stay invested till the maturity period.
As maturity benefit, a person will receive the fund value as on date (including guaranteed loyalty additions) or guaranteed maturity benefit of 101% of the total premiums paid, whichever is higher.
This product is available both offline and online. The minimum premium for principal gain is capped at Rs 35,000 annually and maximum policy term is 15 years.
Anuj Agarwal, MD & CEO, Bajaj Allianz Life said that we have brought this product considering the demand of those who have a low-risk appetite, but would like to enjoy a return on investment like any other market-linked financial instrument.