Invest Befikar for your family’s financial goals

A month back, I had mentioned in an earlier blog post that in these difficult times when we wish to #InvestBefikar, Bajaj Allianz Life Insurance is coming up with a Unit Linked Insurance Plan (ULIP) which provides the cushion of both protection and growth to ensure that we and our family members are able to achieve all the financial goals that we have planned for them.

I was privileged to be part of a bloggers’ outreach program wherein this unique Unit Linked Endowment Plan called Future Wealth Gain was launched. The Company experts explained the unique features of this product and answered all our queries and doubts regarding the same interspersed over some fun activities, games and product quizzes.

If we have to ensure that we are able to fulfil our family’s long term financial goals that we have planned for them, we need to plan carefully and invest prudently.

Bajaj Allianz Life Future Wealth Gain is a non-participating, unit-linked regular or limited premium payment endowment plan with two variants, “Wealth Plus” and “Wealth Plus Care” which offers the dual benefit of protection and growth to fulfil the dreams of our loved ones by aiming to invest in capital markets.

Bajaj Allianz Life Future Wealth Gain not only provides the dual advantage of Protection and Growth, but it also allows us the flexibility of investing in a range of options and at the same time gives us the benefit of market upsides to enable us to stay invested even during periods of uncertainty.

Maturity Benefit:

On the maturity date, the insured person receives the Fund Value plus the top-up premium fund value, if any, as maturity benefit. Apart from the above, the policy holder also receives Loyalty Additions which provides up to 90% of the annual premium for a policy term of 25 years, payable at the end of every 5 years, starting from the 10th Policy year, thus assuring higher returns.

Settlement Option:

The policy holder has the option to withdraw his maturity benefit in instalments over a maximum period of 5 years. Enabling the policy holder to protect his fund value from any unforeseen slowdown is the benefit from this settlement option.

Death Benefit:

The death benefit under the “Wealth Plus” variant shall be the higher of the sum assured plus top-up sum assured, if any or the fund value as on the date of intimation of death. It provides an assured benefit of 105% of the premiums paid including the top-up premiums paid, if any till the date of death.

Income Benefit:

The “Wealth Plus Care” also provides a dedicated income benefit for diagnosis of cancer.

Under this variant, apart from the death benefit which covers cancer too, the policy holder is also entitled to an Income Benefit which is the total of the remaining regular premiums due under the policy after the date of the death or diagnosis of cancer. This benefit is payable on death on premium due dates or first diagnosis of cancer during the premium payment term.

Benefit Illustration:

Illustrative indication of the maturity benefit that a policy holder will receive as fund value, with his premium being invested in Investor Selectable portfolio strategy is as shown below:

Name Yesteethatsme
Sex Male
Age (years) 30
Variant Wealth Plus
Annual Premium (INR) 50,000
Policy Term (years) 15
Rate of return assumed (%) 8
Maturity benefit available (INR) 12,76,128
Rate of return assumed (%) 4
Maturity benefit available (INR) 9,35,741


Premium payment:

The Future Wealth Plus plan comes with a minimum premium capped at INR 50,000 annually. The maximum term for this policy is 25 years with a minimum premium payment term of 55 years.

Fund Boosters:

The Fund boosters help in enhancing the fund value for policy holders who have paid all their premiums up to date and hence the policy is still in force. These boosters get added to the fund value on maturity for the policy holder.

The boosters get higher with higher policy and premium payment terms which may go up to as high as 90% of one year’s premium if the term is more than 15 years.

Pure Stock Fund – II:

For the investment of the premium in Investor Selectable portfolio strategy, a new fund – Pure Stock Fund-II has been added to the previously available seven other fund choices.

Wheel of Life:

An amazing portfolio strategy available to the policy holder is the wheel of life. Under this strategy, the regular premium fund value and the top up premium fund value, if any, is reallocated among various funds in a pre-determined ratio based on years to maturity.

To know more:

Visit their website at or follow them on Twitter at to learn more about how to #InvestBefikar and #JiyoBefikar.

It's only fair to share...
  • 22

You might also like …

4 thoughts on “Invest Befikar for your family’s financial goals

  • Loved the way you have started the post with your dream goals. Future Wealth Gain certainly looks like a plan worth considering as it not only provides a high insurance cover but also enables people to take advantage of the market to grow their money.

    Btw I had keyed in a comment earlier. Just realized that it has not gone through or it may have gone to the spam,

  • I have noticed you don’t monetize your blog, don’t waste your traffic, you can earn additional bucks every month because you’ve got
    hi quality content. If you want to know how to make extra $$$, search for:
    Boorfe’s tips best adsense alternative
    FirstLacey recently posted…FirstLaceyMy Profile


Post Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.