New Unit Gain Easy Pension Plus SP | Bajaj Allianz Life Insurance

New Unit Gain Easy Pension plus SP of Bajaj Allianz Life is an insurance policy that has been planned to offer financial security to the insured after being paid retired from their office. In this policy, the premium that is to be paid by the insured would be only once since this one is a single premium policy.

Some of the features and benefits of New Unit Gain Easy Pension plus SP of Bajaj Allianz Life Insurance are as follows:

In this policy, the insured is offered with 7 choices of investment fund portfolio. Apart from this policy still allows the insured to move away from one fund to another by using the ‘Switching of Fund’ option. As a result of this the insured would be getting ample flexibility in this policy.
The policy holder is also allowed to take away assured portion of their funds as lump sum fund and this very money would also become eligible for tax benefit as per the various requirements of the Indian Income Tax Act.
This is a single premium policy and therefore the insurance premium needs to be paid only one time.
The choice of investment funds that are offered to the insured are equity growth pension fund, accelerator mid-cap pension fund, asset allocation fund, equity index pension fund, liquid pension fund and pure stock pension fund.
The minimum age of the policy holder must be more then 18 but not more then 65 years. The minimum and the maximum term of this policy are 5 and 40 years respectively.
In this policy, the riders are not offered to the insured, which can be very useful to get some extra insurance policy coverage in case of some unforeseen events.

Surrender benefits can also be availed after 3 years fro the date of start of the policy. In this policy the surrender value is equal to the value of the funds.




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