View Full Version : India's first Online ULIP, Bajaj Allianz iGain - Investment + Insurance

16th April 2009, 02:38 PM
Bajaj has brought the concept of an Online ULIp for the first time in India. A review will indicate that Bajaj Allianz iGain is the best ever ULIP.

1. Effectively zero(or negetive) allocation charges.
They charge 5% in year 1 if premium is between 5K-25K & 2% if premium is 25K-200K & zero above that. It is only possible because there is no agent in between you & company. Even you get 102% allocation for your premium in year 11-20 so if you calculate on excel sheet, you find that more then first year allocation charge (with interest) is returned to you in year 11-20. (condition is that you pay till year 20) so I can say that policy has zero allocation charge.

2. Unlimited topup is allowed.

Unlimited topup is allowed at zero topup charge but you will have to pay for additional top up cover .(dont mind paying for any insurance cover if you are underinsured)

3. Unlimited switches are allowed.

Moreover Since it is Online, There are no intermediaries or agents so there is no deduction of commission charges from your gains. You are the sole beneficiary.

You can even calculate your gains over a period of 20 years. Calculate and then make the decision. The Gain calculator is a feature available on the iGain website http://www.buyigain.com

23rd April 2009, 01:36 PM
Good research and gathering of the info. Thanks for sharing it..That's really very good.give more details please..:)

8th September 2009, 11:53 AM
It is very informative...