Bajaj Life Magnum Fortune Plus III

As an individual you may have many life goals like planning for your children’s education, their marriage, planning for your retirement along with planning for the financial security for your loved ones. Now it’s time to achieve all your life goals through a Unit linked life insurance product.
Keeping this objective in mind, we present to you Bajaj Life Magnum Fortune Plus III: a unit linked non-participating individual life saving insurance plan that offers life insurance during the entire policy term and flexibilities to choose from wide range of funds to meet your future goals.

Features & Benefits
Eligibility
How to apply

Features & Benefits

Loyalty additions¹

Funds addition from 10th policy year to enhance your savings corpus

Maturity Booster²

Enjoy Additional maturity value for being an existing customer3 and for choosing auto pay

Liquidity³

Easy access to funds in the form of partial withdrawals after 5 years

Tax Benefits⁴

may be applicable on premiums paid and benefits received as per the prevailing tax laws

Return of mortality charges⁵

Get return of mortality charges5 by staying invested till Maturity

Choice of multiple premium bands

Choose one of the three premium bands to match your savings needs

Wide range of funds and portfolio strategy

Choose from a wide range of funds and portfolio strategy to suit your saving needs

Life Insurance cover

Life insurance cover throughout the policy term for the financial protection of your loved ones

¹Loyalty additions will be added to the fund value from end of 10th policy year and every year thereafter till the end of policy term | ²The maturity booster will be offered to you on maturity if you are an existing customer3 at the time of policy purchase and/or in case you opt for auto pay facility to pay your renewal premiums | ³If the Policyholders has/had previous policy/ies with the Company (prior to taking this Policy) is referred to as Existing Customer | ⁴Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy | ⁵Return of Mortality Charges will be excluding any extra Mortality charge & or Goods & Service Tax/any other applicable tax levied on the Mortality charge deducted, subject to changes in tax laws

Disclaimers:

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Bajaj Life Insurance Ltd. (Formerly known as Bajaj Allianz Life Insurance Company Limited)

Risk Factors and Warning Statements: Bajaj Life Insurance Limited Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006 IRDAI Reg.No.: 116 CIN : U66010PN2001PLC015959 Mail us : customercare@bajajlife.com Call on : customer care no. 020-6712 1212. The Logo of Bajaj Life Insurance Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. All charges/ taxes, as applicable, will be borne by the Policyholder.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Life Insurance Limited is only the name of the Life Insurance Company and Bajaj Life Magnum Fortune Plus III, A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L207V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Axis Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0069. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of Bajaj Life Insurance Limited product is purely on voluntary basis. Axis Bank Ltd. Is not in the business of insurance and there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance Product. The Bank's trademark & logo displayed herein exclusively belongs to Axis Bank Ltd.

Eligibility criteria

Min/Max Age at Entry	0*/65
Min/Max Age at Maturity	18/75
PPT/PT	Policy Term	10	15	20	25	30
	Premium payment terms (in years)	5 to 7	5 to 10	5 to 15	5 to 20	5 to 25
Min/Max Sum Assured	Minimum sum assured: 7 times of annualised premium Maximum sum assured:
	Age at entry		Sum Assured multiplier - For PPT 5		Sum Assured multiplier - For other PPTs
	0-30 years		40 times		40 times
	31-40 years		25 times		30 times
	41-45 years		15 times		15 times
	46-65 years		10 times		10 times
	Min/Max top up sum assured: 1.25 times of top up premium Maximum Sum Assured and Maximum Top-up Sum Assured will be subject to the prevailing Board Approved Under writing Policy (BAUP).
Min/Max Premium	Minimum premium:
	Mode	Annually	Half Yearly	Quarterly	Monthly	Top-up
	Premium	₹48,000	₹24,000	₹12,000	₹4,000	₹5,000
	Maximum premium: as per board approved under writing policy
Premium payment frequency	Yearly, half yearly, quarterly, monthly

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

SMS CLAIMS to 5616181

Financial support for a future

To keep you free from worry

Download Brochure

Related Products

Life Insurance solutions for every need and most suitable to your life stage. Protect your loved ones with the trust of Axis Max Life Insurance

Know More Apply Now

Choose from a wide range of Life Insurance Solutions tailor-made for every stage of your life.

Locate Us

Provide a solid foundation for your family's financial future & protect the smiles of your loved ones. Tata AIA Life Insurance offers a range of solutions spanning across life, savings, wealth and retirement to suit your requirement.

Know More Locate Us