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Bajaj Allianz Life Magnum Fortune Plus
As an individual, you may have several life goals, such as planning your children’s education, their marriage, your retirement, and ensuring financial security for your loved ones. Achieving these goals is now easier with a unit-linked life insurance product.
Presenting, Bajaj Allianz Life Magnum Fortune Plus: A Unit-linked Non-Participating Individual Life Savings Insurance Plan that offers life insurance during the entire policy term and the flexibility to choose from a wide range of funds to help you meet your future financial goals.
Features & Benefits
Key Advantages of Bajaj Allianz Life Magnum Fortune Plus
Return of mortality charges*
- Get return of mortality charges by staying invested till maturity
Tax benefits
- Tax benefits may be applicable on premiums paid and benefits received, as per the prevailing tax laws
Choice of multiple premium bands
- Choose one out of 3 premium bands. Namely: Prime, Prestige, and Priority
Maturity booster
- Enjoy additional maturity value for being an existing customer5 and for choosing auto pay
Choice of Portfolio strategies
Return of mortality charges*
Loyalty additions
Maturity booster
Bajaj Allianz Life Magnum Fortune Plus - Eligibility
| Entry Age | Maturity Age |
|---|---|
| Minimum Age is 0 years In the case of a minor life, the risk cover will commence immediately on the date of commencement of policy, and the policy will vest on the life assured on the attainment of majority (i.e., 18 years) | Minimum age at maturity: 18 years |
| Maximum age is 65 years | Maximum age at maturity: 75 years |
Premium Payment Term/ Policy Term
| Policy term (in years) | 10 | 15 | 20 | 25 | 30 |
|---|---|---|---|---|---|
| Premium Payment term (in years) | 5 to 7 | 5 to 10 | 5 to 15 | 5 to 20 | 5 to 25 |
Minimum Sum Assured: 7 times of annualised premium
Maximum Sum Assured:
| Age | Premium Multiplier |
|---|---|
| 0-30 years | 40 times |
| 31 – 40 years | 30 times |
| 41-45 years | 15 times |
| 46-65 years | 10 times |
Min / Max top up sum assured: 1.25 times of top-up premium.
Premium payment frequency: Yearly, half-yearly, quarterly & monthly options available
Minimum premium:
| Mode | Premium |
|---|---|
| Annually | ₹48,000 |
| Half-yearly | ₹24,000 |
| Quarterly | ₹12,000 |
| Monthly | ₹4,000 |
Maximum Premium: As per board approved underwriting policy
Bajaj Allianz Life Magnum Fortune Plus - Steps to buy
- 01
Choose your policy term, premium payment term, and premium amount
- 02
Choose your life cover
- 03
Choose fund/strategy to suit your need
Important Links
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