Introduction
Individuals invest in financial products to fulfil their various long term financial goals. Some of these financial goals include:

1. Fund for child’s higher education
2. Fund for child’s marriage
3. Retirement fund for self and spouse
4. Accumulating capital for starting a business in future
5. Fund for making down payment for buying a house
6. Fund for annual vacations or any other purpose

You might be wondering, from the several investment products available in the market, which one should you choose to fulfil the above financial goals. To help you take a decision, Bajaj Allianz Life Insurance has launched Future Wealth Gain which will provide you the cushion of growth and protection to meet future financial goals. With Bajaj Allianz Life Future Wealth Gain you can #InvestBefikar and thereafter #JiyoBefikar.

Benefits of Future Wealth Gain
Future Wealth Gain is a unit linked insurance plan (ULIP) and it comes in two variants:

1. Wealth Plus: Under this variant, the regular premium fund value plus top up premium fund value will be paid on maturity. On the death of the life assured, the higher of sum assured plus top up sum assured or fund value will be paid. On maturity or death, the amount payable will also include the applicable loyalty additions and fund booster.
2. Wealth Plus Care: Under this variant, on maturity, the regular premium fund value plus top up premium fund value will be paid. On the death or on first diagnosis of cancer of the life insured, the higher of sum assured plus top up sum assured or fund value plus income benefit will be paid. The income benefit will be applicable only if death or first diagnosis of cancer occurs during the premium payment term. On maturity or death, the amount payable will also include the applicable loyalty additions and fund booster.

Future Wealth Gain comes with the following benefits:

1. Growth: The product will help you build a fund for your financial goal/s by making regular contributions.
2. Protection: In the wealth creation process, if you meet with untimely death, then the family will get a lump sum amount to accomplish the financial goal/s in your absence.
3. Tax benefits: The premium that you will pay will be eligible for deduction from your taxable income subject to tax laws. The amount received on maturity / death of the life assured is tax free subject to tax laws.

Features of Future Wealth Gain
Future Wealth Gain is packed with powerful features, some of which include:

1. Limited premium payment term: In case of a policy with a term of 10 years, you can choose the premium payment term of 5, 7 or 10 years. In case of a policy with a term of 15 to 25 years, you can choose the premium payment term of 5, 7, 10 or 15 years.
2. Minimum annual premium is Rs. 50,000. The premium payment frequency can be monthly, quarterly, half yearly or yearly.
3. Choice of two investment portfolios: In case you are an active investor and would like to allocate your premium in a fund of your choice then you can opt for the Investor selectable Portfolio Strategy. In case you want the company to allocate your premium, then you can opt for the Wheel of Life Portfolio Strategy. In this strategy, the premium allocation in various funds is determined by the ‘Years to Maturity’. To start with, if the years to maturity are 20 and above, in the initial years the allocation to equity funds will be high and to debt funds will be low. As the policy term progresses, the allocation to equity funds reduces and to debt funds increases. You can switch between the investment portfolios by giving an advance written notice to the company.
4. Eight fund options: Investors choosing the Investor selectable Portfolio Strategy; can select from eight fund options to allocate their premium. These include equity funds, debt funds and money market funds. The choice of the fund will depend on the investor’s risk profile. You can choose one or multiple funds for allocation of premium. You can switch your existing investment from one fund to another fund.
5. Loyalty additions: The policy will be eligible for loyalty additions to the regular premium fund value as a percentage of one annualised premium at the end of every 5^th policy year starting from the 10^th policy year.
6. Fund booster: There will be addition of fund booster (as % of one annualised premium) to the regular premium fund value at maturity. The percentage applicable will depend on the policy term and the premium payment term. The higher the policy tenure, the higher will the loyalty additions and fund boosters thus resulting in higher returns on maturity.
7. Settlement option: You can choose to take the maturity proceeds in the form of instalments spread over a period of 5 years. The instalments can be payable yearly, half yearly, quarterly or monthly.
8. Riders: Under the Wealth Plus Care variant, the life assured can choose from the following rider options: Accidental Death Benefit Rider and Accidental Permanent Total / Partial Disability Benefit Rider. Under the Wealth Plus variant, apart from the above two riders, the life assured also has a third rider option to choose from i.e. Waiver of Premium Benefit Rider.

Conclusion
Whatever be your financial goal, Bajaj Allianz Life Future Wealth Gain will help you achieve it. It provides you the best combination of growth and protection along with income tax benefits. So with Future Wealth Gain you can #InvestBefikar and thereafter #JiyoBefikar.