Sentences with phrase «towards premium allocation»
have been led to believe that a ULIP plan is an expensive investment product due to charges like those towards premium allocation, fund management among other.
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A Premium Allocation Charge is the percentage of your monthly premium that is deducted from the investment portion to be used towards administration charges.
Bajaj Allianz Future Gain, a unit - lined endowment plan, provides for maximum premium allocation to make sure your money is fully utilized towards your dream future.
Like endowment and ULIP plan, in child insurance plan a part of the premium paid goes towards paying the life coverage and the rest amount in invested in various investment instruments like equity, debt, etc. however, the portion deducted towards investment is very small, as the insurer deducts the premium allocation charge beforehand.
We present one such smart solution - Bajaj Allianz Fortune Gain - a Unit - Linked Single Premium Endowment Plan that provides up to 99.5 % premium allocation to make sure that your valuable money is fully utilized towards building you a fortune.
After a small portion of the premium is deducted for policy administration, fund management and allocation charges, the rest of it goes towards life insurance and investment in mutual funds, bonds or stocks.
The premium allocation in this plan ranges from 95 % to 98.5 %, meaning that most of the insurance premium goes towards investment, helping maximise returns over the policy term.
This plan provides up to 99.5 % premium allocation that ensures your money is fully utilized towards wealth creation.
Premium Allocation Charge: This is a percentage of the premium appropriated towards charges before allocating the units under the policy.
A part of the premium goes towards life cover (mortality charges) and other policy charges (premium allocation, administration, fund management etc) and the remaining is invested in funds as per policy holder's discretion.