 "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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%