Bajaj Allianz today announced the launch of Invest Plus, a traditional plan, that offers transparency and flexibility of Unit Linked Insurance Policies with minimum guaranteed investment returns, promised at the beginning of the year itself.
This is the first of its kind traditional plan that offers upfront minimum guaranteed investment returns at the beginning of each year and an guaranteed maturity value so that customers can feel protected at all times and plan their investments without any worries, the company said in a release here.
Commenting on the offer, Allianz Country Manager and Bajaj Allianz Insurance CEO Kamesh Goyal said, ''Invest Plus offers guaranteed benefits in these uncertain times. The USP is the transparency of a ULIP product in a traditional product. The Minimum Guaranteed Investment Return (MGIR) works towards the benefit of the customer as he gets an upfront minimum guaranteed rate of return. This would be beneficial irrespective of market conditions as he is equally compensated by a Guaranteed Return.'' MGIR promises to offer the customer the same return for the year irrespective of the market scenario.
For the current fiscal it is seven per cent, the release said.
Another unique feature of Invest Plus is that it offers Guarantees like Guaranteed Maturity Value (GMV) and Guaranteed Investment Return (GIR). GIR is declared at the beginning of each financial year and GMV is equivalent to the total regular premiums paid till maturity date.