Both,
premium allocation rate and premium allocation charge are guaranteed for the full policy term.
The remaining percentage of annualised premium is called
premium allocation rate.
In Bajaj Allianz Fortune Gain, the insurance premium paid by you, after applying the applicable
premium allocation rate, is invested Investor Selectable Portfolio Strategy.
Not exact matches
For instance, in case of unit - linked policies the illustration is very elaborate and can put many financially literate individuals in a spot with details of IRR (internal
rate of return) or the asset
allocation followed by the fund in which the
premium is invested.
All
premium payments and additional amounts (including transfers from the investment Divisions) allocated to the 1 - Year Fixed Account, plus prior interest earned on such amounts, will receive their applicable interest
rate for one - year periods from the anniversary on which the
allocation or transfer was made.
Loyalty Additions equal to
allocation charges paid during the term are added on death or maturity for
premium rates equal to or higher than Rs. 96,000
The
rate of
premium allocation charge for different variants is as follows: