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    Launching - New Product: 1 For Internal Training Circulation Only

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    shoba v
    Bajaj Allianz Life Insurance is launching a new product called Future Wealth Gain. Some key features include: 1. Loyalty additions of 15-30% of annualized premium depending on policy term that will be added to fund value if all premiums are paid. 2. A fund booster of 5-10% of annualized premium will be added to maturity value depending on policy term. 3. Choice of funds with allocation charges starting at 8.5% for first year premiums under 1 lakh reducing to 0% after 5 years. Fund management charges range from 0.95-1.35%. 4. The product provides insurance coverage as well as an

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    Launching - New Product: 1 For Internal Training Circulation Only

    Uploaded by

    shoba v
    37 views15 pages
    Bajaj Allianz Life Insurance is launching a new product called Future Wealth Gain. Some key features include: 1. Loyalty additions of 15-30% of annualized premium depending on policy term that will be added to fund value if all premiums are paid. 2. A fund booster of 5-10% of annualized premium will be added to maturity value depending on policy term. 3. Choice of funds with allocation charges starting at 8.5% for first year premiums under 1 lakh reducing to 0% after 5 years. Fund management charges range from 0.95-1.35%. 4. The product provides insurance coverage as well as an

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    FWG-HNI NEW

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    Bajaj Allianz Life Insurance is launching a new product called Future Wealth Gain. Some key features include: 1. Loyalty additions of 15-30% of annualized premium depending on policy term that will be added to fund value if all premiums are paid. 2. A fund booster of 5-10% of annualized premium will be added to maturity value depending on policy term. 3. Choice of funds with allocation charges starting at 8.5% for first year premiums under 1 lakh reducing to 0% after 5 years. Fund management charges range from 0.95-1.35%. 4. The product provides insurance coverage as well as an

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views15 pages

    Launching - New Product: 1 For Internal Training Circulation Only

    Uploaded by

    shoba v
    Bajaj Allianz Life Insurance is launching a new product called Future Wealth Gain. Some key features include: 1. Loyalty additions of 15-30% of annualized premium depending on policy term that will be added to fund value if all premiums are paid. 2. A fund booster of 5-10% of annualized premium will be added to maturity value depending on policy term. 3. Choice of funds with allocation charges starting at 8.5% for first year premiums under 1 lakh reducing to 0% after 5 years. Fund management charges range from 0.95-1.35%. 4. The product provides insurance coverage as well as an

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    Launching - New Product …

    1
    for internal Training Circulation only
    New Product
    Launch

    Future Wealth Gain (FWG):


    Product Features & Benefits

    2
    The Company

    + =
    Bajaj Allianz – Limited Company , Founded – 12th March 2001

    Mr. Rahul Bajaj , Chairman


    Bajaj Finserv Ltd.

    Bajaj Allianz Life Insurance is a union between Allianz SE, one of the
    largest Insurance company with more than 120 years of experience, the
    shareholding ratio between Bajaj Finserv Ltd. & Allianz SE is 74:26.

    Allianz SE- A leading global insurance company and one of the largest
    asset managers in the world , managing assets worth over a Trillion
    Euros (Over 55,00,000 Crores)

    3
    For internal training purpose only
    #1 Non bank-owned private sector Insurance Company

    FINANCIAL HIGHLIGHTS DISTRIBUTION STRENGTH


    Solvency Ratio Total no. of offices
    582% 638
    No. of Employees
    Total AUM 7896
    INR 51,270 Cr
    CUSTOMER BASE
    CARE AAA Rating
    No. of Lives Covered (In-force)
    Claims paying ability
    5.97 Cr
    No. of Policies (In-force)
    Most profitable insurer
    34 Lakhs
    NO. OF CLAIMS PAID
    Claim Settlement Ratio DIGITAL PRESENCE
    99.16%* 3rd largest Social Media Presence #
    Total Claims settled
    2,16,834 *
    Facebook Twitter LinkedIn
    Approx 40% market share in
    1,000,000 + 75,000 + 50,000 +
    number of policies
    * On the basis of no. of intimated cases. Claim settlement ratio for FY 16-17.
    Note : All above figures are as on 31 March 2017
    The figure includes individual and group claims for FY 2016-17
    Insurance Vs Bank Tax Savings FD

    5
    For internal training purpose only
    Why Bajaj Allianz Future Wealth Gain is better than MF

    Free Switching Yes No

    Insurance Cover Yes No

    * Source FG Benefit Illustration 6


    For internal training purpose only
    7
    8
    For internal training purpose only
    9
    Product Features and Benefits

    1. Loyalty Addition

    Number of times
    Charges At the end of
    Loyalty addition Loyalty additions % of One Annualized Premium
    Policy Term
    received
    Loyalty Additions
    & Fund Booster 10 Years 15% 1 15%
    15 Years 20% 2 15%+20% = 35%
    High Protection
    20 Years 25% 3 15%+20%+25% = 60%
    Choice of Funds 25 Years 30% 4 15%+20%+25%+30% = 90%
    The Loyalty Addition will be a % of one annualized premium. Payable only if all due premiums have been paid and policy is inforce
    Product at a glance
    2. Fund Booster
    PPT
    Policy Term
    5 Years 7 Years 10 Years 15 Years
    10 Years 5% 7% 10 % NA
    15 & above 30% 42% 60% 90%
    Payable at Maturity if all due premiums have been paid and policy is inforce
    10
    for internal Training Circulation only
    Product Features and Benefits

    Example

    Allocation Loyalty Fund Net Addition


    Charges Policy Total
    Premium PPT charges during Additions Booster to Fund Value
    Term (1)+(2)
    the Policy Term (1) (2) (as a % of AP*)
    Loyalty Additions
    & Fund Booster
    50,000 5 15 34.5% 30.5%
    High Protection
    1,00,000 5 15 19% 46%
    Choice of Funds
    35% 30% 65%
    Product at a glance 2,00,000 5 15 8% 57%

    3,00,000 5 15 0% 65%
    (*Annualized Premium)

    A unique opportunity to offset initial charges and earn returns on your investments.

     Loyalty Additions will participate in the growth of the fund.


     Fund Booster will be added to Maturity Value
    11
    for internal Training Circulation only
    Product Features and Benefits

    Allocation Charge (Yearly)


    Charges

    Loyalty Additions
    Year Premium
    & Fund Booster <1L 1L < 2L 2L < 3L >=3L
    High Protection 1 8.5% 5% 2% 0%

    Choice of Funds 2 8% 3.5% 1.5% 0%


    3 to 5 6% 3.5% 1.5% 0%
    Product at a glance
    Above 5 0% 0% 0% 0%

    0% Allocation charges after 5 Years


    0% Allocation charges for Premium >=3L

    12
    for internal Training Circulation only
    Product Features and Benefits

    Fund Management Charges:

    Charges Fund Name Fund Management Charges


    Equity Growth Fund II
    Loyalty Additions
    & Fund Booster Accelerator Mid Cap Fund II 1.35%
    Pure Stock Fund
    High Protection
    Pure Stock Fund II 1.30%
    Choice of Funds Asset Allocation Fund II
    1.25%
    Blue Chip Equity Fund
    Product at a glance
    Liquid Fund
    0.95%
    Bond Fund

    Policy Administration Charges:


    Year Charges
    Year 1 - 5 Nil
    2 % (subject to
    Year 6 & above
    maximum of Rs. 6000/-)
    13
    for internal Training Circulation only
    New Fund Offer (NFO)

    Pure Stock Fund-II provides an opportunity to invest in the plan at Rs. 10/- NAV
    Faster accumulation of units by
    participating in NFO!!

    Performance: BALIC Pure Stock Fund Growth of Rs.1,00,000/-


    From 2005 To 2017

    Pure Stock Fund : 5,30,066/-

    Large Cap : 3,73,946/-

    S&P BSE 100 : 3,31,568/-

    14

    14
    for internal Training Circulation only
    Fund Performance Statement: 1 Year Returns

    34 %
    Returns
    15
    For internal training purpose only

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