Leading private sector life and general insurance company, Bajaj Allianz Life Insurance has launched Invest Plus, which offers upfront minimum guaranteed investment returns at the beginning of each year, a company statement said here.
Invest Plus is the first of its kind traditional plan that offers upfront minimum guaranteed investment returns at the beginning of each year and a guaranteed maturity value so that customers can feel protected at all times and plan their investments without any worries.
"Invest Plus offers guaranteed benefits in these uncertain times. The USP is the transparency of a ULIP product in a traditional product," Bajaj Allianz Life Insurance Country Manager, Allianz & CEO, Kamesh Goyal said.
The minimum guaranteed investment returns works towards the benefit of the customer as he gets an upfront minimum guaranteed rate of returns. This would be beneficial irrespective of market conditions as he is equally compensated by a guaranteed returns, Goyal said.
Minimum guaranteed returns stands for a rate of return which is declared at the beginning of each financial year itself and promises to offer the customer the same return for the year irrespective of the market scenario, it said.
The company has announced minimum guaranteed returns for FY10 at 7 per cent.