BAJAJ Allianzï¿½s Guarantee Express | Guarantee Express Product comparison with fixed deposits
Bajaj Allianz is now offering new range of products which ensures guaranteed profits. These financial products are given a brand name of ï¿½Guarantee Expressï¿½.ï¿½ These Unit Linked Investment Plans offers minimum of 7% PA guarantee returns (for the financial year 2009-10), minimum of 170% returns guarantee and highest NAV guarantee.
Product comparison with fixed deposits:
Return guarantee in the case of fixed deposits is fixed interest amount for total period, in case of Bajaj Allianz invest plus is assured investment returns, in case of Baja Allianz Max Gain is the highest recorded unit price during policy period and in the case of Bajaj Allianz Shield Plus, it is guaranteed 170% than the unit price at the time of policy taking.
Fixed deposits offer no life cover while Bajaj Allianz invest plus offers upto 20 times more the annualized premium. Life cover in case of Bajaj Allianz Shield Plus is 5 times more the single premium while the same thing offered by Bajaj Allianz Max Gain is 5 times more than annualized premium.
Fixed deposits provide tax benefits only for the deposits of more than 5 years, but the remaining three policies offer tax benefits under 80 C section.
With fixed deposits it is not possible to have tax free maturity benefits but the other mentioned policies offer tax free maturity benefits under 10 D section.
There is a facility of withdrawing some amount after 3 years in all plans except in the case of fixed deposits.
For more details SMS SUPER to 56070 or call the toll free number 1800-209-5858