The cancellation process can be initiated by returning the original policy document to Bajaj Allianz Company stating the true reason for cancellation of policy. Bajaj Allianz Flexi Advantage Insurance Plan is a single premium unit linked insurance plan (ULIP) without Bonus.. Features and Benefits of Bajaj Allianz Insurance Plan. Dear Sir, It is to inform that, I KISHOR JOTWANI the existing customer of Bajaj Allianz my Policy no. 19 August 2008. On surrendering your policy, you will be liable to get Surrender Value that will be equal to your fund value. Surrender Charges: These are the charges which you need to bear in case you want to surrender your ULIP policy before the tenure of the plan. Surrender. The plan offers the policyholder the advantage of Guaranteed Vesting Benefit of 101% of the total premiums paid. Features and Benefits of Bajaj Allianz Life Principal Gain: Registered Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006 In Bajaj Allianz Fortune Gain, the premium paid by you, after applying the applicable premium allocation rate, is invested in Investor Selectable Portfolio Strategy. There are several methods Bajaj Allianz Policy Status Check on the official website can check Bajaj Allianz Insurance Policy Status simply by sitting in your home. 579.00 and it is around 55% of the capital units. ... Return of Premium Allocation charge # Multiple investment portfolio strategies # ... maturity benefit, death benefit and surrender benefit are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act 1961. Policy Administration Charge: Policy administration charges are not applicable for the first 5 years of the term. Tollfree: 1800-209-0144 | 1800-209-5858. Learn all about term policies through Bajaj Allianz Life Insurance Guide today. Bajaj Allianz introduces Fortune Plus with zero surrender charges. The mortality charge and policy administration charge are deducted monthly through cancellation of units. The charges for the same vary from product to product. What is it that you’re trying to protect? Customer information portal about online life insurance policy. Bajaj Allianz ULIP Waiver of Premium Benefit Rider UIN: 116A030V01 Please refer to respective rider sales literature or visit Company website or consult your ‘Insurance Consultant’ for more details and eligibility conditions. Free look period. Surrender Charges: Should you decide to surrender your plan prematurely (before tenure), you would have to bear a charge. Email id: These are reduced from the NAV of the fund, and 5. On surrender during the lock-in period of first 5 years of your policy, the Fund Value less the discontinuance/ surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the I had taken Bajaj Allianz policy 40992104. tax-free returns Benefits for 80C, 10(10D) ... policyholder can exercise the surrender of policy option during the tenure of the policy. Bajaj Allianz Smart Insurance Plan III is a regular premium unit linked insurance plan (ULIP) without Bonus.. Since 3 yrs are not completed yet, […] In this plan, if the Life Insured dies within the policy tenure, the nominee would receive the Sum Assured or the Fund Value, whichever is higher as Death Benefit. Bajaj Allianz Retire Rich is a unit-linked pension plan that enables the policyholder to live worry-free post-retirement. Detailed review of Wealth Insurance Plan from Bajaj Allianz - Key features and benefits. Surrender and I do hereby acknowledge receipt from Bajaj Allianz Life Insurance Company Limited of the amount against surrender of the policy (full withdrawal) which would result in the termination of the policy. These are reduced from the NAV of the fund, and 5. Fund management charges: These are charges for management of fund. If Bajaj Allianz Life Guaranteed Income Goal Plan acquires a surrender value, you can surrender it anytime during the Policy Term both in lump sum and income benefit.