Bajaj Allianz launches highest NAV Ulip

Bajaj Allianz Life Insurance has launched Bajaj Allianz Max Gain,a unit linked insurance plan (Ulip) that offers the highest net asset value (NAV) tracked on a daily basis. The plan offers up to 350 per cent of total allocation charges as guaranteed addition at maturity. From the third policy year 100 per cent of your premium gets allocated. Customers can also increase or decrease their regular premium. Customers can make partial withdrawals anytime after three years from the commencement of policy provided they have paid premium for three full years. The plan allows customers the option to pay unlimited top up premiums till seven years from policy commencement. It comes with two riders and customers may add more. The sum assured offered is five times annual premium. The minimum annual premium is Rs 25,000.

Higher highs and higher lows in markets in 2010

According to a recent note from Credit Suisse,the trend of higher highs and higher lows established post elections in May is likely to continue in 2010. Recovery in the domestic economy and corporate earnings we expect 25 per cent growth in Sensex earnings per share (EPS) in FY11 along with sustained strong external flows,particularly through exchange traded funds (ETFs),should ensure that the secular trend remains positive. We also expect a pick-up in capital expenditure and investment activities by corporates driven by a recovery in asset prices,availability of funds and improvement in sentiment, says a recent note from analyst Nilesh Jasani of Credit Suisse.