Max Advantage Insurance Plan - Bajaj Allianz

Max Advantage Insurance PlanOR• The Regular Premium Fund Value less the Discontinuance Charge, plus the Top Up Premium Fund Value, if any, all as onDate of Discontinuance, accumulated at the minimum guaranteed rates of investment return. The minimum guaranteedrates of investment return is same as the rates of interest as applicable to the Savings Bank Account of State Bank of Indiaduring the period the Policy was in discontinuance.b) In accordance with the IRDA regulation, the current Fund Management Charge on Discontinued Policy Fund is 0.5% perannum.c) The Fund Management Charge and the minimum guaranteed rates of investment return as mentioned above may changefrom time to time as per the IRDA guidelines.Valuation Date: We aim to value the funds on each day the financial markets are open. However, we may value the funds lessfrequently in extreme circumstances, where the values of assets are too uncertain. In such circumstances, we may defer thevaluation of assets for up to 30 days until we feel that certainty as to the value of assets are resumed. The deferment of valuationof assets will be with prior consultation with the IRDA.Computation of NAVThe NAV of the Fund shall be computed as the market value of the investment existing in the fund plus value of current assets lessvalue of current liabilities and provisions, if any.This calculation will be done before creation/redemption of units.Sample Illustration*Age 25 35 40MaturityAge 35 45 50Policy Term 10 10 10Premium Paying Term 5 5 5Premium p.a. 50,000 50,000 50,000Sum Assured 500,000 500,000 500,000Fund Value at maturity @ 6% 314,735 308,139 299,208Fund Value at maturity @10%427,376 419,695 409,088*This is an indicative projection on basis of prescribed growth rate by the regulator. The above projection is based on 100% investmentin Bond Fund for male healthy lives and after service tax.