Bajaj Allianz launches new online ULIP plan – iGain III

Bajaj Allianz Life Insurance has launched its new online ULIP plan – Bajaj Allianz iGain III.

Online PR News – 21-November-2012 – Mumbai – Bajaj Allianz Life Insurance has launched its new online ULIP plan – Bajaj Allianz iGain III. The plan is available exclusively in the online platform. Bajaj Allianz was the first insurer to offer exclusive online ULIPs in 2008 and with the changing guidelines the new versions were launched. iGain III is one of the most simple to understand and has unmatched features. It has the highest allocation of 98% from the start of the policy.
Besides this, Bajaj Allianz iGain III offers the following features –
• 100% allocation from 6th policy year onwards
• Option to select policy term of 10, 15 or 20 years and premium paying term of 5 years up to 20 years
• Payment of an additional sum assured in case of accidental death
• Choice of 7 investment funds to invest in as per your risk appetite
• Flexibility to pay top-up premium and make partial withdrawals

Mahima Tankha, Head – Websales, Bajaj Allianz said, “The USP of Bajaj Allianz iGain III is the ease of buying online and simple to understand terms and conditions. This coupled with systematic investments and high allocations is a smart way to invest your money. As it is available in the online platform, we could include innovative features and pass on the benefits to online customers.”
The product can be bought in 4 easy steps from
1. Fill in personal information such as name, contact details and age
2. Select product details such as premium, frequency of premium payment (monthly/ quarterly/half yearly/annual), policy term and premium paying term. A benefit illustration will be generated mentioning the returns as per IRDA guidelines.
3. Fill up the online proposal form
4. Make the payment via cheque, credit card or net banking to begin your investment. Bajaj Allianz uses Citibank payment gateway which is secured by Billdesk.

Unique Features
• Unlimited free switches in funds
• Two investment portfolio strategies to manage your investments better; including the Wheel of Life portfolio strategy, which will help you to balance and safeguard your investment.
• Flexibility to change your premium payment term
• Option to decrease sum assured
• Option to add additional rider benefits for additional protection
About Bajaj Allianz
Bajaj Allianz is one of the leading Private Sector life & general insurance companies in India. Bajaj Allianz is a union between Allianz SE, the world’s leading insurer and Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited, one of India’s most respected names). Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55, 00,000 crores). At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Bajaj Allianz began its operations in 2001 and today has a pan-India presence with over with offices and presence in over 1100+ towns in the country. The companies have been constantly expanding its operations to be close to their customers.

Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles. Currently Bajaj Allianz has a strong product portfolio of over 30 flexible products and caters to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance.