After many delays, Bajaj Allianz Life Insurance, one of the leading private life insurance companies in India has finally launched its unique ULIP plan- Protection bhi, Investment bhi, which provides balance of protection and investment.

The unparalleled feature of Protection Plus is that it provides enhanced Accidental Protection with an additional sum assured in case of accidental death of the life assured during the policy term. And this feature can be avail without any charge, which is a first in the industry.

In addition, the Protection Plus also offers loyalty additions up to 7% of first year premium and offers a 100% allocation.

The company stated in a communiqué that UnitGain Protection Plus offers unique benefits if one remains invested with company 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 proposal.