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Bajaj Life Future Wealth Gain IV is a unit-linked, non-participating individual life savings insurance plan designed to combine life insurance protection with market-linked investment. It offers regular or limited premium payment options, with policyholders able to select from the available portfolio strategies and investment funds under the plan. The policy offers periodic loyalty additions beginning from the 15th policy year, provided the required regular premiums have been paid and the policy satisfies the applicable conditions. Eligible policies also provide for return of mortality charges at the end of the policy term or at the end of the 15th policy year, whichever is later, subject to the policy terms. On maturity, the applicable fund value is payable if the policy is in force. The death benefit is calculated according to the plan formula, including the applicable sum assured or fund value and top-up benefits, where relevant. The plan has a five-year ULIP lock-in period. Since the investment value is market-linked, the actual maturity proceeds can vary with fund performance and charges. Buyers should review the current official brochure, policy document, fund options, premium-paying terms, charges and eligibility conditions before purchasing.
Two portfolio strategies, periodic loyalty additions and return of eligible mortality charges
Our assessment: Future Wealth Gain IV may suit buyers who want to combine long-term market-linked investing with life insurance protection. The availability of two portfolio strategies can help policyholders select an investment approach, while periodic loyalty additions may reward eligible policies that remain active over the longer term. The return of eligible mortality charges can also be useful, but it is subject to the policy formula and does not guarantee a positive investment return. Fund performance, mortality charges, fund-management charges and other applicable deductions affect the eventual value. The five-year ULIP lock-in also limits liquidity during the early policy years. Before purchasing, compare the required annual premium, premium-paying term, policy term, sum assured, death-benefit formula, fund choices and surrender provisions. The policy may not suit someone seeking guaranteed returns, short-term access to savings or a simple pure-protection term plan. Review the insurer’s current policy document and personalised illustration before deciding.
Bajaj Allianz Life
Key Insights
Founded
2001
Bajaj Allianz Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.2% CSR, calculated as a 3-year average
Bajaj Allianz Life settles 99.2% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-7272
Headquarters: Bajaj Allianz House, Airport Road, Yerawada, Pune, Maharashtra 411006, India
Provides life cover during the policy term, subject to the policy remaining eligible for benefits.
The payable death benefit is calculated according to the policy formula and conditions.
Premiums are allocated to the selected funds after applicable deductions and charges.
Fund values can rise or fall with market movements; returns are not guaranteed.
The plan provides a choice of two portfolio strategies for managing investments.
Review the current brochure for the exact strategy names and their allocation rules.
Loyalty additions are allocated to the regular premium fund value at the end of every fifth policy year starting from the 15th policy year.
All due regular premiums must have been paid and policy conditions must be satisfied.
Eligible mortality charges for the life cover may be added back to the regular premium fund value at the end of the policy term or the 15th policy year, whichever is later.
The amount and eligibility are subject to the policy document; not every charge necessarily qualifies.
Optional accident protection may be available with the base policy, subject to eligibility and underwriting.
Additional premium applies. Confirm the rider’s current availability, covered events, exclusions and benefit limits.
An optional rider may provide additional protection under the rider’s terms and conditions.
Availability, additional premium, eligibility and covered benefits must be verified in the current rider document.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
It is a unit-linked, non-participating individual life savings insurance plan that combines life cover with market-linked investment.
No. It is a ULIP savings and investment-linked life insurance plan, not a pure term insurance plan.
The published minimum regular premium is ₹50,000 yearly, ₹30,000 half-yearly, ₹15,000 quarterly or ₹5,000 monthly. Quarterly and monthly modes may be subject to salary deduction or ECS conditions.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bajaj Allianz Life website before purchasing.
Official Website
bajajallianzlife.com
Visit the official Bajaj Allianz Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
An optional critical-illness rider may provide additional benefits for covered conditions, subject to its terms.
Covered illnesses, survival requirements, exclusions and rider charges must be checked in the current rider document.
No. The maturity benefit depends on the applicable fund value and market performance. Loyalty additions and other benefits are subject to policy conditions.
The published minimum entry age is 0 years. Minor-life policies are subject to the policy’s vesting and other conditions.
The maximum entry age varies by premium-paying term, policy term and annualised premium. Check the current official eligibility table for the selected configuration.
The published maximum maturity age is 75 years, subject to the selected policy configuration.
Loyalty additions start at the end of the 15th policy year and are allocated at the end of every fifth policy year thereafter, subject to the policy conditions.
Eligible mortality charges may be added back to the regular premium fund value at the end of the policy term or the 15th policy year, whichever is later, subject to policy terms.
The ULIP lock-in period is five years. Withdrawals and access to proceeds are restricted during this period under applicable rules.
Top-up premiums may be permitted subject to the policy rules. The published minimum top-up premium is ₹5,000; confirm current conditions with the insurer.
The plan offers two portfolio strategies and investment options according to its current terms. Review the official brochure for the available strategies and funds.
The product lists optional accident protection, care and critical-illness riders, subject to current availability, underwriting and separate rider conditions.
Premiums and eligible proceeds may qualify for tax benefits under prevailing law. Eligibility depends on current tax rules and policy conditions.