Bajaj Allianz Life Insurance Co. Ltd has launched a new product by the name of 'Bajaj Allianz Money Secure Insurance Plan'. The product was launched keeping in line with changing trends and new horizons. This investment plan furnishes dual advantage of planning for financial security and getting the best returns possible.
It is a Type I unit-liked insurance plan offering a minimum guaranteed return of three percent per annum. This scheme gives out higher of the fund value or sum assured as death benefit.
It is a unique plan as it allows for protection from downside market risk. Presently, it doesn’t have any equity exposure. MSIP is the lowest ticket size product available in the ULIP category.
