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Bajaj Life Magnum Fortune Plus III - (UIN- 116L207V02)
A Unit-linked Non-Participating
Individual Life Savings Insurance Plan
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.
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
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.
| 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 | |||||

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