The Hindu Business Line : Bajaj Allianz Life unveils 4 plans

BAJAJ Allianz Life Insurance has launched a battery of products to meet its target of Rs 2,000 crore of new business premium by the fiscal end.The company on Wednesday launched four new products — three unit-linked and one health-oriented insurance plan.

Mr Sam Ghosh, CEO, Bajaj Allianz Life, said the company was also considering the introduction of a capital guarantee product this fiscal.

Of the four products, Unit Gain Premier has an upfront allocation of 105 per cent of a single premium on day one and attains maturity after six years.

Unit Gain Super offers flexibility in terms of premium payment. After payment of at least two full years premia (including top-up premia), even if the premium due is not paid the policy will be kept in force by cancellation of units at the prevailing unit price. It has an allocation of up to 93 per cent.

The highlight of Family Gain is that it provides for investment in `ethical equity fund'. This means the investments will not be made in companies dealing in gambling, liquor and hospitality. It has a maximum maturity age of 70.

The six-in-one HealthCare plan has a flat premium for three years and includes life cover, hospital cash, surgical benefit, post hospitalisation benefit, critical illness cover and accidental permanent disability (partial and total).

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