Bajaj Allianz Life launches new plan

MUMBAI: Bajaj Allianz Life Insurance said on Tuesday that it has launched a ULIP plan-Protection Bhi, Investment Bhi, offering a balance of protection and investment.

"UnitGain Protection Plus will give more benefits if one remains invested with us for a longer term by way of higher allocation on renewal premium and guaranteed additions. Moreover, as the premium size is low, even a small investor can participate in this plan," Bajaj Allianz Life Country Manager and CEO, Kamesh Goyal, said in a statement here.

The unique feature of the protection plan is that it offers enhanced accidental protection with an additional sum assured in case of accidental death of the life assured during the policy term and is available without any charge.