Bajaj Allianz launches two news ULIPs

These plans have been launched adhering to new ULIP guidelines.

Bajaj Allianz Life Insurance has launched two new ULIPs following the new guidelines issued by IRDA coming into force. These products are Bajaj Allianz Max Advantage and Bajaj Allianz Wealth Insure.

Max Advantage is a ULIP plan that locks the highest NAV guarantee during the entire policy period of 10 years tracked on a daily basis through one of its funds Max Gain Fund II. The plan comes with new features such as refund of 60% of the total allocation charge at maturity as Guaranteed Addition and the option to select premium payment term of 5 to 7 years at inception.

Besides this,Bajaj Allianz Max Advantage offers the following features

* Flexibility to change the premium payment term

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* Payment of an additional sum assured in case of accidental death

* Choice of 5 investment funds to invest in as per your risk appetite

* Flexibility to pay top-up premium and make partial withdrawals

* Unlimited free switches in funds other than Max Gain Fund II

Wealth Insure is a single premium endowment ULIP that provides a hassle-free way of investing money as well as taking care of insurance needs. The unique features of this product are:

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* Loyalty addition up to 7% of single premium at the end of fifth year

* Choice of 7 investment funds to invest in as per your risk appetite

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Bajaj Allianz

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

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Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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