Max Advantage Insurance Plan - Bajaj Allianz
Max Advantage Insurance Plan - Bajaj Allianz
Max Advantage Insurance Plan - Bajaj Allianz
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<strong>Max</strong> <strong>Advantage</strong> <strong>Insurance</strong> <strong>Plan</strong>the premium apportionment percentage. The premium apportionment percentage to any fund in which you wish toinvest must at least be 5% of the premium.• You may at any policy anniversary change the premium apportionment to the funds subject to giving us the notice of atleast 30 days in advance.• The company reserves the right to revise the minimum proportion of premium to any fund upon giving a written noticeof not less than three months, subject to obtaining prior approval from the IRDA.•• Option to change the premium paying termYou have the option to change your premium paying term at any time subject to the minimum and maximum premium payingterm allowed under the product, provided all due regular premium till the date of such request are paid. Such option should beexercised before the expiry of the existing premium paying term.Important Details of the <strong>Plan</strong>ParameterDetailsMinimum Entry Age8 years<strong>Max</strong>imum Entry Age60 yearsMinimum Age at Maturity18 years<strong>Max</strong>imum Age at Maturity70 yearsPolicy Term10 yearsPremium Payment Term 5 to 7 yearsMinimum Regular Premium` 25,000 per yearly installmentPremium Payment FrequencyAnnual Only<strong>Max</strong>imum Regular premium ` 200,000Minimum Top Up Premium ` 5,000<strong>Max</strong>imum Top Up PremiumNo LimitMinimum Sum Assured10 times of Annualized Premium for agebelow 45 years7 times of Annualized Premium for age45 years and above<strong>Max</strong>imum Sum Assured10 times of Annualized Premium for age