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Bajaj Allianz General Insurance Company Limited

It is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both
enjoy a reputation of expertise, stability and strength.
Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd
May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an
authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by
Allianz, SE.
As on 31st March 2015 Bajaj Allianz maintained its premier position in the industry by achieving growth as well as
profitability. Bajaj Allianz has made a profit before tax of Rs. 777 crores and has become the only private insurer to
cross the Rs.100 crore mark in profit before tax in the last two years. The profit after tax was Rs.562 crores, 39%
higher than the previous year.

Our Achievements
Bajaj Allianz has received iAAA rating, from ICRA Limited, an associate of Moody's Investors Service for seven
consecutive years. This rating indicates highest claims paying ability and a fundamentally strong position.
Bajaj Allianz General Insurance was adjudged as the "Best General Insurance Company in Asia" by Asia
Insurance Industry Awards 2014. The award was bestowed on the company for its outstanding customer service
levels, innovations in the field of insurance, and sound financial management which resulted in consistent profitability
over the years. The Company was also conferred the 'Insurer Claims Team of the year' by Claims Awards
Asia 2014. Bajaj Allianz was recognized as the 'Best Insurance Company of the Year' by ABP News BFSI
awards 2015. The company was awarded 'General Insurance Provider of the Year' by Money Today
FDCIL awards 2014.
For the third time in a row, the company was awarded the Allianz Global Innovation Awards 2015 for
Excellence in Employee Business, and was also recognized as a Legend in the BFSI Industry by Brand Vision
India 2020 Awards. Bajaj Allianz General Insurance was conferred the Brand Excellence Award in Non-Life
Insurance (Private Sector) by ABP News Brand Excellence Award 2014 and the Golden Peacock Award
2014 in the category of Innovative Products and Service

General Insurance - Awards and Recognition

Certificate of Appreciation from the Karnataka High Court National Lok Adalat
Bajaj Allianz General Insurance has been awarded the Certificate of Appreciation by the
Karnataka High Court, for excellence in claims servicing in the field of motor third party
claims. The company is the first in the industry to be felicitated by a High Court, for
settling the maximum number of claims at the Lok Adalat.

Innovations in the BFSI sector - Finnovity 2015 awards


Bajaj Allianz General Insurance has been conferred with the Finnovity 2015 award for
excellence in innovation in the BFSI sector. This award recognizes the company's
innovations of insta pre-policy, online endorsement module and online policy copy,
which was presented under the umbrella of Digitized Policy Servicing Modules.

General Insurance Provider of the Year award - Money Today


FPCIL Awards 2014
Bajaj Allianz General Insurance has been awarded the General Insurance Provider of
the Year, at the Money Today FPCIL awards 2014. The objective of the awards is to
recognize and honour the best organizations and individuals in personal finance space
who have extended their expertise to investors over the past several years.

Best in Diversity Award - TA Annual Leadership League Award


2014
Bajaj Allianz General Insurance Co. Ltd. has been conferred with the Best in Diversity
Award at the TA Annual Leadership League Awards, organized by the People Matters
Media Pvt. Ltd on 11th Dec, 2014. These awards recognize the various recruitment best
practices in a dynamic scenario, such as practices inculcated in the system to help
materialize the effectiveness of HR.

Insurer Claims Team of the Year at the "Claims Awards Asia


2014"
Bajaj Allianz General Insurance Company has been awarded the "Insurer Claims Team
of the Year" at the "Claims Awards Asia 2014". The ceremony was held in Hong Kong
on 19th Nov 2014. This award is a testament to the superior claims management
practices of the Health Claims Team, and recognizes the team's path breaking initiatives

to provide the best claim service to the customers. The prestigious award champions
the leaders of General Insurance claims and risk management sectors across Asia.

Best General Insurance Company of the Year, by Asia


Insurance Industry Awards 2014.
Bajaj Allianz General Insurance Co. Ltd. has been conferred with one of the most
prestigious awards - Best General Insurance Company of the Year, by Asia Insurance
Industry Awards 2014. The award ceremony was held in Taipei, Taiwan, on 2nd
November, 2014.
The company was recognized for its outstanding customer service levels, the
innovations in the field of insurance and the sound financial management which has led
to continuous profitability over the years. This award marks the excellence of the
Company in the field of insurance not just in India but across Asia.

Financial Inclusion and Payment Systems Awards 2014


Bajaj Allianz General Insurance has been declared as the winner under
the Health Insurance Category - for the Innovative work in the area of
Health Insurance (Value Added Services and Wellness Initiatives) at
the Financial Inclusion and Payment Systems Awards 2014.

Best Travel Insurance Company by CNBC AWAAZ Travel


Awards 2014.
Bajaj Allianz General Insurance has been conferred as the Best Travel
Insurance Company by CNBC AWAAZ Travel Awards 2014.

Personal Lines Growth Leader Award at the Indian Insurance


Awards 2014.
Bajaj Allianz has won the "Personal Lines Growth Leader" Award at the Indian
Insurance Awards 2014.

Golden Peacock Award 2014


Bajaj Allianz has been conferred with the Golden Peacock Award in the
category- Innovative Product/Service for EEZEE TAB.

The Golden Peacock Innovative Product/Service Award is given to a product


or service which shows a quantum leap in the utilization of current
technology to achieve maximum customer satisfaction at a minimum cost.
The Golden Peacock Awards (GPA) are a set of prestigious national and global
awards, organized by the Institute of Directors, designed to improve
productivity and quality in organizations.

Best Insurance Company in the Private Sector - 2014


Bajaj Allianz General Insurance has won the award for "Best Insurance Company in the
Private Sector - General" by ABP News - Banking, Financial Services &
Insurance Awards.
The BFSI Awards 2014 recognizes the best performances of various Banking, Finance
& Insurance Services. The award focuses on the best practices in the BFSI Industry
based on their strategy, security, customer service, and the future technology
challenges and innovations. This award recognizes our organizational values and
contribution.

Claims Awards Asia 2013


Bajaj Allianz General Insurance has won the Claims Awards Asia 2013 in the category
Claims Innovation of the Year in the Asia Pacific Region for its Tablet based claims
module application.
This award is instituted by Insurance Insight, a prominent Insurance magazine in Asia
and a part of Post, UK. Insurance Insight's Claims Club Asia, is an award that

recognizes the Asian general insurance claims and risk management sectors by
rewarding the dedicated teams and individuals for their achievements over the last 12
months.

General Insurance Company of the Year 2013


The Indian Insurance Awards 2013 was conducted by Fintelekt, part of SP Media Pvt
Ltd, a specialist in research, consulting and conferences in the financial services
industry.

Claims Service Company of the Year 2013


The Indian Insurance Awards 2013 was conducted by Fintelekt, part of SP Media Pvt
Ltd, a specialist in research, consulting and conferences in the financial services
industry.

Personal Lines Growth Leadership Award Year 2013


The Indian Insurance Awards 2013 was conducted by Fintelekt, part of SP Media Pvt
Ltd, a specialist in research, consulting and conferences in the financial services
industry.

General Insurance Provider of the Year


General Insurance Provider of the Year at the Money Today FPCIL Awards 2012.

Best General Insurance Provider- Private Sector


Best General Insurance Provider- Private Sector at the CNBC TV18 India Best Bank
and Financial Institution Award FY 11 and 12.

Bloomberg UTV Financial Leadership Award 2012


General Insurer of the Year-Private Sector by Bloomberg UTV Financial Leadership
Awards 2012.

Best Bank and Financial Institutions Award


Best Leading Player- Non Life by CNBC TV18 IBFA Best Bank and Financial Institutions
awards FY11.

Bloomberg UTV Financial Leadership Award 2011


General Insurer of the Year-Private Sector by Bloomberg UTV Financial Leadership
Awards 2011.

Best Contribution on Investor Education and Category


Enhancement
Best Contribution on Investor Education and Category Enhancement by Bloomberg
UTV Financial Leadership Awards 2011.

Best Travel Insurer awarded by CNBC 2011


Best Travel Insurer awarded by CNBC Awaaz Travel Award 2011.

Best Travel Insurer awarded by CNBC 2010


Best Travel Insurer awarded by CNBC Awaaz Travel Award 2010.

Business Leader in General Insurance


Business Leader in General Insurance at the NDTV Profit Business Leadership Awards
2008.

Customer Responsiveness Award by Avaya Global Connect,


2007
Customer Responsiveness Award by Avaya Global Connect, 2007

Best Insurer - General Insurance by India Insurance Review,


2011
Best Insurer- General Insurance by India Insurance Review, 2011

Top 3 finalists - General Insurance company of the year, 2008


Top 3 finalists - General Insurance company of the year, 2008

Top 3 finalists - General Insurance company of the year, 2007


Top 3 finalists - General Insurance company of the year, 2007

Claims Department has received the ISO 9001:2008


certification
Bajaj Allianz General Insurance Claims Department has received the ISO 9001:2008
certification.

IT Department has received the ISO 27001:2005 certification


by DNV
Bajaj Allianz General Insurance IT Department has received the ISO 27001:2005 by
DNV

Bajaj Allianz Term Insurance Plans


he sole object of a term insurance policy is to protect the customer's family from the financial implications of
unfortunate circumstances that one cannot foresee.
These term insurance plans are pure risk cover plans with or without maturity benefit. These pure risk plans cover
your life at a nominal cost and you may want to take this term insurance plan to cover your outstanding debts like a
mortgage, a home loan etc.

iSecure Term Insurance


Bajaj Allianz iSecure places itself as one of the safest term insurance plans in India. It offers you the choice to cover
your spouse as well jointly with yourself. You can customize your term insurance policy to suit your requirements by
following the steps as follows:

Step
Step
Step
Step

1
2
3
4

: Choose either individual or a joint life term insurance cover


: Choose your sum assured(s) (Life Cover)
: Choose your policy term & premium payment frequency
: If sum assured chosen is Rs.20,00,000 & above, you may choose your lifestyle category either

"Non-Smoker1" or "Smoker1"
Your term insurance premium will be based on your current age(s), sum assured(s), lifestyle category (if applicable),
policy term and premium payment frequency.
In case of unfortunate demise, the dependents will receive the death benefit as promised by the term insurance
company.
This categorization is available for sum assureds of Rs.20,00,000 & above and subject to medical examination/tests
as decided by the term insurance company.

A Non-smoker who has no abnormalities in his medical examination/tests or family/personal history; has no risky
avocation and does not have a risky occupation, as decided by the Company, is classified as a Preferred NonSmoker.

Tax Benefits

Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act

Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
Subject to the provision stated therein.

Death Benefit
A. Individual Life

In case of unfortunate death of life assured during the policy term, provided all premiums are paid up to
date, the benefit will be Sum Assured

The policy cover will terminate immediately on death of the life assured

B. Joint Life

The death benefit is payable on death of each life, provided the policy is in-force. The benefit payable will be
Sum Assured

On death of any one of the life assureds, the term insurance policy will automatically continue on the
surviving life assured with a reduced premium. The reduced premium will be based on the age, lifestyle category (if
applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the
inception of the policy

This term insurance policy cover will terminate immediately on death of the surviving life assured

Parameter
Eligibility
Minimum Entry Age 18 years
Maximum Entry Age 60 years
Rs.250,000
for
general
category
and
Minimum Sum
Rs.20,00,000 for the categories split by Preferred Non-Smoker 1 , NonAssured
Smoker1 & Smoker
Maximum Sum
No Limit
Assured
Policy Term
10, 15, 20, 25 & 30 years
Minimum Installment
HalfSum Assured
Yearly
Quarterly Monthly*
Yearly

Parameter
Premium
Minimum Maturity
Age
Maximum Maturity
Age

Eligibility
28 years
70 years

iSecure More

SA Band
500,000 to 999,999
1,000,000 to 1,999,999
2,000,000 to 4,999,999
5,000,000 & above

% Rebate (reb%) for Age Band


< = 30
31 - 40
41 - 50
> = 51
10.00%
5.00%
2.50%
2.50%
17.50%
7.50%
5.00%
2.50%
20.00%
10.00%
5.00%
5.00%
25.00%
10.00%
7.50%
5.00%

The premium rate for joint life will be arrived at by allowing rebate on the total of the gross
premium# applicable to the individual lives. The joint life rebate (JLR) for joint life is as below
Age of Older Life Assured
JLR as % of the total Gross Premium#
applicable to the individual lives

< = 40
5%

41 to 50

> = 51

3%

1%

Parameter
Eligibility
Minimum Entry Age 18 years
Maximum Entry
60 years
Age
Minimum Sum
Rs. 2,50,000
Assured
Maximum Sum
No Limit (subject to the Sum Assured multiples)
Assured
Policy Term
10, 15, 20 & 25 years
Rs. 1,500 per yearly installment
Rs. 750 per half-yearly installment
Rs. 400 per quarterly installment
Minimum
Rs. 150 for monthly installment*
Installment
Premium
*Monthly premium payment frequency will be available under salary
deduction scheme & ECS. It will not be available at the inception of the
policy.
Minimum Maturity
28 years
Age
Maximum Maturity
70 years
Age
Carefully Select
Sum Assured Multiples

Sum Assured can be chosen in specific multiples only (as stated below):
Sum Assured Band

Multiple

Upto Rs. 4,00,000

Rs. 50,000

Rs. 4,00,000 - 45,00,000

Rs. 1,00,000

Sum Assured Band

Rs. 45,00,000 and above

Multiple

Rs. 5,00,000

Tax Benefits

Premiums paid are eligible for tax benefits as per Section 80C of the Income
Tax Act

Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the
Income Tax Act.

Life Secure
Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:

Three coverage options to choose from:


Option I - Death Benefit
Option II - Death Benefit plus Accidental Death Benefit
Option III - Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit

o
o
o

Life cover up to the age of 100 years

Choice of 4 Premium Payment Terms (PPTs), viz., 5, 7, 10 or 15 years

More value for money with High Sum Assured Rebate

Attractive premium rates for female lives

How does the Bajaj Allianz Life Secure Work?


You can customize your policy to suit your requirement in the following manner:

Step 1 : Choose your coverage option^


Step 2 : Choose your Sum Assured
Step 3 : Choose your Premium Payment Term (PPT)
Your premium will be based on your current age, gender, Sum Assured, coverage option, PPT & premium payment
frequency.

Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:

For Coverage Option I(Only Death Benefit)


On death of the life assured during the policy term: Sum Assured on Death will be

paid and the policy will terminate.


For Coverage Option II (Death Benefit plus Accidental Death Benefit)
On death of the life assured during the policy term: Sum Assured on Death will be

paid and the policy will terminate.


On death of the life assured due to accident, before reaching age 65 years: Sum

Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65

years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.
On death during the policy term, after critical illness benefit has been paid: the remaining

Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum

Assured on Death will be paid and the policy will terminate.


If death benefit has not been paid before the life assured attains age 100 years, the below mentioned benefit

will be paid and the policy will terminate:


o

If critical illness benefit has not been paid, Sum Assured.

If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.

The Sum Assured on Death is defined as:

For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured

For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured

Coverage
Option
I
II
III

High Sum Assured Rebate applicable for Sum Assured band


above the minimum Sum Assured of Rs. 20,00,000
above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of
Rs. 2,00,00,000
above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of

Coverage
Option

High Sum Assured Rebate applicable for Sum Assured band


Rs. 1,00,00,000

PPT (years)
Below age 45
Age 45 & above

High Sum Assured Rebate


5
7
Rs. 152
Rs. 115
Rs. 113
Rs. 88

Product Terms and Conditions


Eligibility Conditions
Parameter

15
Rs. 71
Rs. 56

Details

Minimum Entry Age

25 years

Maximum Entry Age

Coverage Option I & II: 55 years


Coverage Option III: 50 years

Policy Term

(100 minus Age at Entry) years

Premium Paying Term

5, 7, 10 and 15 years

Minimum Premium

Installment
Yearly
s
Rs

10
Rs. 90
Rs. 70

HalfYearly

36,720 18,727

Quarterl
Monthly
y
9,547

3,305

Maximum Premium

No limit

Minimum Sum Assured

Rs. 20,00,000

Maximum Sum Assured

No limit
Sum Assured has to be opted in multiples of Rs.
50,000

Parameter
Premium Payment
Frequency

Details
Yearly, Half yearly, Quarterly and Monthly#

Life Secure
Bajaj Allianz Life Secure- Assuring you protection for a lifetime.
We all wish for protection at all stages of our life, but most of the time achieving this through-out our life is very
difficult.
Helping you with a solution, we at Bajaj Allianz Life Insurance present Bajaj Allianz Life Secure - a unique term
insurance plan that provides you complete protection till your 100th birthday, so that you can live worry-free for a
lifetime.

Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:

Three coverage options to choose from:


o
o
o

Option I - Death Benefit


Option II - Death Benefit plus Accidental Death Benefit
Option III - Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit
Life cover up to the age of 100 years

Choice of 4 Premium Payment Terms (PPTs), viz., 5, 7, 10 or 15 years

More value for money with High Sum Assured Rebate

Attractive premium rates for female lives

How does the Bajaj Allianz Life Secure Work?


You can customize your policy to suit your requirement in the following manner:

Step 1 : Choose your coverage option^


Step 2 : Choose your Sum Assured
Step 3 : Choose your Premium Payment Term (PPT)
Your premium will be based on your current age, gender, Sum Assured, coverage option, PPT & premium payment
frequency.

Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:

For Coverage Option I(Only Death Benefit)


On death of the life assured during the policy term: Sum Assured on Death will be

paid and the policy will terminate.


For Coverage Option II (Death Benefit plus Accidental Death Benefit)
On death of the life assured during the policy term: Sum Assured on Death will be

paid and the policy will terminate.


On death of the life assured due to accident, before reaching age 65 years: Sum

Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65

years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.

On death during the policy term, after critical illness benefit has been paid: the remaining

o
o

Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum
Assured on Death will be paid and the policy will terminate.
If death benefit has not been paid before the life assured attains age 100 years, the below mentioned benefit

will be paid and the policy will terminate:


o

If critical illness benefit has not been paid, Sum Assured.

If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.

The Sum Assured on Death is defined as:

For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured

For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured

Policy Features
Features
High Sum Assured Rebate (HSAR)

The plan offers an attractive premium discount based on Coverage Option, chosen Sum Assured,
Age and Premium Paying Term (PPT). A discount will be available on the annual premium for
each complete additional Rs. 1,00,000 Sum Assured purchased over and above the minimum
Sum Assured of Rs. 20,00,000 as mentioned in the table below:
Coverage
Option

High Sum Assured Rebate applicable for Sum Assured band

above the minimum Sum Assured of Rs. 20,00,000

II

above the minimum Sum Assured of Rs. 20,00,000 and up to Sum


Assured of Rs. 2,00,00,000

III

above the minimum Sum Assured of Rs. 20,00,000 and up to Sum

Coverage
Option

High Sum Assured Rebate applicable for Sum Assured band


Assured of Rs. 1,00,00,000
High Sum Assured Rebate

PPT (years)

10

15

Below age 45

Rs. 152

Rs. 115

Rs. 90

Rs. 71

Age 45 & above

Rs. 113

Rs. 88

Rs. 70

Rs. 56

Tax Benefits

Premium paid are eligible for tax benefits under section 80C of the Income Tax Act. Death,
accidental death, critical illness and surrender benefits are eligible for tax benefits under Section
10(10D) of the Income Tax Act, subject to the provision stated therein.
Surrender Benefit

You will have the option to surrender your policy provided at least
o

First two full years' premiums have been paid if the PPT under your
policy is less than 10 years or

First three full years' premiums have been paid if the PPT under your
policy is 10 or more years

The surrender value payable will be the higher of the guaranteed surrender
value (GSV) or the special surrender value (SSV).

Product Terms and Conditions


Eligibility Conditions
Parameter

Details

Minimum Entry Age

25 years

Maximum Entry Age

Coverage Option I & II: 55 years


Coverage Option III: 50 years

Parameter

Details

Policy Term

(100 minus Age at Entry) years

Premium Paying Term

5, 7, 10 and 15 years

Minimum Premium

Installment Yearl
s
y

HalfYearly

Rs

18,727

36,720

Quarterl Monthl
y
y
9,547

3,305

Maximum Premium

No limit

Minimum Sum Assured

Rs. 20,00,000

Maximum Sum Assured

No limit
Sum Assured has to be opted in multiples of Rs.
50,000

Premium Payment
Frequency

Yearly, Half yearly, Quarterly and Monthly#

LifeStyle Secure
We are all used to a certain lifestyle. But life is full of uncertainties, and unfortunate events that can leave you unable
to support your family financially, the way you had planned. It's a scary thought not being able to secure your family's
current lifestyle (and needs) in the future.
Providing a solution, we present Bajaj Allianz LifeStyle Secure - a risk cover (term assurance & terminal illness cover)
plan that assures financial protection to your family, so they have the security of maintaining their current lifestyle and
you, the smile of a worry-free life.

Key Advantages
Bajaj Allianz LifeStyle Secure is a non-linked, non-participating regular premium payment insurance plan that
provides level cover term assurance or terminal illness benefit. The key advantages of this plan are:

Security for your family with regular income

Inbuilt Accelerated Terminal Illness (TI) risk cover

Simple procedure to get risk cover

No medical examination/tests required

Plan benefit paid in equated monthly installments

More value for money with High Sum Assured Rebate

How does the Bajaj Allianz LifeStyle Secure


Work?
You can customize your policy to suit your requirement in the following manner:

Step 1 : Choose your Sum Assured


Step 2 : Choose your Policy Term (PT)
Your premium will be based on your current age, gender, Sum Assured, policy term& premium payment frequency.

Benefits Payable
Death & Terminal Illness
If all due premiums are paid under the policy, then, in case of unfortunate death or Terminal Illness (TI) of the life
assured, whichever is earlier, the nominee/claimant will receive the Sum Assured in equated monthly installments as
per the table below:
Policy Term (in years)

10

15

20

Death/ TI benefit is paid over (in Months)

60

84

120

180

240

Maturity
No maturity benefit shall be payable on survival till the end of the policy term.

Surrender
No surrender benefit is payable under the Policy.

Additional Features
High Sum Assured Rebate
The plan offers an attractive premium discount structure, where you can have a discount on the annual premium for
each complete additional Rs. 1,000 Sum Assured purchased over and above the minimum Sum Assured of
Rs.3,00,000 is Rs. 2.75.

Tax Benefits
Premium paid are eligible for tax benefit under Section 80C of the Income Tax Act and death benefit is eligible for tax
benefit under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant before claiming any benefit under the policy.

Eligibility
Parameter
Minimum Entry Age
18 years
Maximum Entry Age
50 years
Minimum Age at Maturity 23 years

Eligibility
Parameter
Maximum Age at Maturity 60 years
Policy Term
5/ 7/ 10/ 15/ 20 years
Premium Payment
Yearly, Half yearly, Quarterly and Monthly
Frequency
HalfMode
Yearly
Yearly
Minimum Premium (in
Premium
1,466 748
Rs.)
Maximum Premium (in
20,458 10,434
Rs.)
Minimum Sum Assured
Rs. 3,00,000
Maximum Sum Assured Rs. 15,00,000

Quarterly Monthly
381

132

5,319

1,841

Savings Plans

At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of insurance-cum-saving
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz Life Insurance, you can make your dreams come true by creating an effective savings plan, which
will protect you against unexpected hardship

Save Assure
We always feel good to get more than what we expect, and even more when it's "guaranteed"*. Presenting "Bajaj
Allianz Save Assure" - a traditional endowment plan that not only secures you and your family but also guarantees
115% of your sum assured. Living worry free is now guaranteed

Key Features
Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non Linked, Individual Endowment Plan.
The key features are:

Guaranteed maturity/death benefit of 115% of the sum assured*

Choice of 2 policy terms, 15 and 17 years.

Premium Payment Term of 10 and 12 years.

Option to take policy benefit in monthly installments over a period of 5 or 10 years.

More value for money with high Sum Assured rebate on premium.

Option to enhance your coverage with rider benefits

How Does Your Plan Work?


You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your Sum Assured
Step 2: Choose your Policy Term

Learn More
Am I Eligible?
Eligibility

Parameter

Minimum Entry Age

1 year

Maximum Entry Age

60 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

75 years

Eligibility

Parameter

Policy Term

15 & 17 years

Premium Paying Term

Policy term selected less than 5 years


Frequency

Minimum Premium

Policy Term 15

Policy Term 17

Yearly

Rs.8,140

Rs.6,620

Half-Yearly

Rs.5,000

Rs.4,200

Quarterly

Rs.2,500

Rs.2,100

Monthly**

Rs.1,000

Rs.800

Maximum Premium

No Limit

Minimum Sum Assured

Rs. 100,000

Maximum Sum Assured

No Limit

Premium Payment Frequency

Yearly, Half Yearly, Quarterly and Monthly**

Maturity Benefit
On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums
have been paid.

Surrender Benefit
You will have the option to surrender your policy provided at least 3 full years' premiums have been paid.
The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV)
will be payable at any time of surrender throughout the term of the policy.

Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum
Assured on Death as mentioned below will be payable as death benefit to the nominee :
Entry Age

Sum Assured on Death will be higher of

Less than 45

10 times annualised
premium***

105% of total premium***


paid

115% of sum
assured

Equal to or greater
than 45

7 times annualised
premium***

105% of total premium***


paid

115% of sum
assured

*** Annualised premium and total premium taken are excluding any extra premium and/or any service tax and cess
on premium.

Guarantee Assure
We spend our lives securing a better future for our families and nothing ever seems enough to cover the uncertainties
that may occur. Understanding the same, we present to you Bajaj Allianz Guarantee Assure - a non-linked, nonparticipating, individual limited premium endowment plan that helps you live a worry free life.

Key Features

Fixed premium payment term of 5 years

Choice of 3 policy terms - 7, 8 and 9 years

Guaranteed Addition of up to 63% of Sum Assured on Maturity

Ensures more value for money with high sum assured rebate

Attractive premium rates for female lives

Option to take policy benefit in monthly installments over a period of 5 or 10 years

How Does your Saving Plans Work?


You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your Sum Assured
Step 2: Choose your Policy Term(PT)

Learn More
Am I Eligible?
Eligibility

Details

Minimum Entry Age

9 year

Maximum Entry Age

60 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

69 years

Policy Term

7, 8 & 9 years

Premium Paying Term

5 years

Minimum Premium

Frequenc
Yearly
y

Half-Yearly Quarterly Monthly*

Premium Rs.23,839 Rs.12,158 Rs.6,198 Rs.2,145


Maximum Premium

No Limit

Minimum Sum Assured

Rs. 1,00,000

Maximum Sum Assured

No Limit

Premium Payment Frequency Yearly, Half Yearly, Quarterly and Monthly

Maturity Benefit
You will receive the Sum Assured chosen by you and the accumulated Guaranteed Additions as maturity benefit on
the maturity date, provided all due premiums have been paid.
The Guaranteed Additions that accrue at the end of every policy year in your policy depends on the policy term
chosen by you and are as follows
Policy Term

Guaranteed Addition

7 Years

5% of Sum Assured every year

Policy Term

Guaranteed Addition

8 Years

6% of Sum Assured every year

9 Years

7% of Sum Assured every year

Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term the death
benefit payable will be 'Sum Assured on Death' plus accrued Guaranteed Additions.
Sum Assured on Death will be higher of
i) 5 times the Annualised premium
ii) 105% of the total premiums paid as on the date of death or
iii) Sum Assured
The policy will terminate immediately on death of the life assured

Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.

Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:

Money backs at regular intervals

Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen

Choice of 4 policy terms, 16, 20, 24 and 28 years

Benefit from shorter premium payment term

More value for money with high sum assured rebate

Special rates for female policyholders

How Does your Plan Work?


You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your Sum Assured
Step 2: Choose your Policy Term
Step 3: Choose your Premium Payment Frequency
Your premium will be based on Sum Assured, gender, age, policy term and premium payment frequency. The Policy
Term chosen will determine your money backs and the intervals for receiving those money backs.

Survival & Maturity Benefit


If you have paid all due premiums under your policy, you will receive the Survival Benefit as
Money Backs on each due date and the Maturity Benefit on the maturity date.
Money Backs are paid to you at the end of the policy years as mentioned in the below table:
Money Back
1st
2nd
3rd

PT 16 years
th

4
8th
12th

PT 20 years
th

5
10th
15th

PT 24 years
th

6
12th
18th

PT 28 years
th

7
14th
21st

The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:

Policy Term
16 years
20 years
24 years
28 years
Money Back 15% of Sum
20% of Sum
25% of Sum
30% of Sum
(%)
Assured
Assured
Assured
Assured
Maturity
60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any
Benefit
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the
policy term, the Sum Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any,
plus Terminal Bonus, if any, subject to a minimum of 105% of the total premiums# paid will be
paid as the Death Benefit.

Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term
Minimum Premium (In
Rs.)

Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly
16 years

9,000

Half-yearly
5,000

Quarterly
3,000

Monthly
900

Parameter
Policy Term

Yearly

Details
Half-yearly

Quarterly

Monthly

16 years

9,000

5,000

3,000

900

24 years

7,000

4,000

2,300

700

28 years

6,500

3,500

2,000

650

Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting
Premium Payment
Yearly, Half yearly, Quarterly and Monthly**
Frequency
**The monthly mode will be allowed only under the salary deduction scheme and ECS

Investment Plans

At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of investment insurance
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz, you can make your dreams come true by choosing an efficient investment insurance plan, which
will protect you against unexpected hardships.

Elite Assure
You wish to achieve success in everything that you cherish to do. Life is all about choices and choosing the right
option. It's obvious that you plan your life as well as your finances to complement the best for all seasons. It is thus
essential to have a balanced investment portfolio across all asset types, hence the option of life cover with an
attractive return always stands tall.
Presenting Bajaj Allianz Elite Assure, a traditional savings plan that offers the most attractive return while protecting
your family.

How Does Your Plan Work?


You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your Policy Term
Step 2: Choose your Premium Paying Term
Step 3: Choose your Premium Payment Frequency
Step 4: Choose your Guaranteed Maturity Benefit (GMB)
Your premium will be based on GMB, age, policy term, premium payment term and premium payment frequency.
Your Sum Assured is 10 times of Annualised Premium

Maturity Benefit
The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Loyalty Additions (GLA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any. VB as declared, will be attached every
policy year starting from your first policy year

GLA, as % of GMB, will be attached to the policy at the end of each policy year starting from the end of
10 policy year.
GLA, as % of GMB and the total GLA payable at maturity depends on the premium payment term and policy
th

term chosen as shown in the table below:


Premium Payment
Term (years)

10

15

20

25

30

20

25

30

Policy Term (years)

15

20

25

30

15

20

25

30

15

Guaranteed Loyalty
Additions

3%

3%

3%

3%

7%

7%

7%

7%

15% 15%

15%

15
%

Total Guaranteed
Loyalty Additions

18
%

33
%

48
%

63
%

42
%

77
%

112
%

147
%

90
%

240
%

315

165
%

Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the death
benefit payable will be Sum Assured on Death1 plus Guaranteed Loyalty Additions plus Vested Bonus, if any plus
Interim Bonus, if any plus Terminal Bonus, if any, subject to Guaranteed Death Benefit of 105% of the total premiums*
paid till the date of death.
1

Sum Assured on Death is the higher of:


Guaranteed Maturity Benefit
Sum Assured

remium Rebate
The investment insurance plan offers a Premium Rebate if your chosen GMB is greater than Rs. 5,00,000.
The Premium Rebate is available for each complete additional GMB of Rs. 50,000 over & above the minimum GMB
of Rs. 5,00,000 is as per the table below:

Premium Payment Term (in Years)

10

15

20

25

30

Rebate (in Rs.)

90

76

67

72

77

81

Option to Change Premium Payment Frequency


At any time, you can opt to alter your regular premium payment frequency to any other frequency (i.e. yearly, halfyearly, quarterly or monthly), so long as the existing and requested frequencies can be aligned and subject to
minimum premium limits under the plan.
The modal premium for frequencies other than annual mode is arrived at by multiplying the annual premium by the
frequency factors, given below:
Premium frequency

Monthly

Quarterly

Half yearly

Yearly

Frequency Factor

0.09

0.26

0.51

1.00

Product Terms and Conditions


Eligibility Condition
Eligibility

Parameter

Minimum Entry Age

0 year

Maximum Entry Age

55 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

70 years

Policy Term

15, 20, 25 and 30 years

Premium Paying Term

7, 10 & equal to Policy Term

Premium

As per the chosen Guaranteed Maturity Benefit

Eligibility

Parameter

Sum Assured

10 times of Annualized Premium

Guaranteed Maturity Benefit (GMB

Minimum - Rs. 5,00,000


Maximum - No Limit

Premium Payment Frequency

Yearly, Half yearly, Quarterly and Monthly#

#The monthly mode will be allowed only under salary deduction scheme and ECS

Fortune Gain
An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment
made; making sure the deduction in charges are minimum. We present one such smart solution - Bajaj Allianz
Fortune Gain - a Unit-Linked Single Premium Endowment Plan that provides up to 99.5% premium allocation to make
sure that your valuable money is fully utilized towards building you a fortune.

Key Advantages of Bajaj Allianz Fortune Gain


Bajaj Allianz Fortune Gain is a non-participating, individual, single premium Unit-Linked endowment plan. The key
advantages of Bajaj Allianz Fortune Gain are as follows

99.5% premium allocation for single premium 10 lacs and above

Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen

Choice of seven (7) funds

Option to make partial withdrawals from the funds

Option to pay top-up to the extent of the single premium paid.

Option to decrease sum assured

Systematic switching option to manage your investments better

Options to take maturity benefit in installments (Settlement Option).

Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.

Death Benefit
In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].

If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.

If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.

The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.

Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999

100,000 & above

7 to 10

Nil

Nil

10 to 30

Nil

3%

No loyalty addition is payable on any top-up premium paid.

Surrender Benefit
You have the option to surrender your ULIP policy at anytime.

On surrender during the lock-in period of first five years, the single premium fund value, less the
discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.

On surrender after the lock-in period of first five years, the surrender value available will be single premium
fund value plus top up premium fund value, if any, as on the date of surrender.

The policy shall thereafter terminate upon payment of the full surrender value by the company.

Product Terms and Conditions


Eligibility table
Parameter

Details

Minimum Entry Age

1 year

Maximum Entry Age

63 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

70 years

Minimum Policy Term

7 years

Maximum Policy Term

30 years

Minimum Single Premium

Rs. 50,000

Maximum Single Premium

No Limit

Premium Payment
Frequency

Single

Minimum Sum Assured

1.25 times single premium if Age at Entry < 45 yrs


1.1 times single premium if Age at Entry >= 45 yrs

Maximum Sum Assured

X * single premium, where X is based on age at

Parameter

Details
entry and Policy term as mentioned below
Policy
Term

Age at entry
120

21 30

31 35

36 44

45
above

7 - 10

10

10

10

1.5

11 - 15

10

10

1.5

16 - 20

10

1.5

21 - 25

10

1.5

26 - 30

10

NA

Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years

Top-Up Sum Assured


Multiplier
1.25 times top-up
premium
1.1 times top-up
premium

Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.

Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:

Money backs at regular intervals

Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen

Choice of 4 policy terms, 16, 20, 24 and 28 years

Benefit from shorter premium payment term

More value for money with high sum assured rebate

Special rates for female policyholders

How Does your Plan Work?


You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your Sum Assured
Step 2: Choose your Policy Term
Step 3: Choose your Premium Payment Frequency
Your premium will be based on Sum Assured, gender, age, policy term and premium payment frequency. The Policy
Term chosen will determine your money backs and the intervals for receiving those money backs.

Survival & Maturity Benefit


If you have paid all due premiums under your policy, you will receive the Survival Benefit as Money Backs on each
due date and the Maturity Benefit on the maturity date.
Money Backs are paid to you at the end of the policy years as mentioned in the below table:
Money Back

PT 16 years

PT 20 years

PT 24 years

PT 28 years

1st

4th

5th

6th

7th

2nd

8th

10th

12th

14th

3rd

12th

15th

18th

21st

The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:
Policy Term

16 years

20 years

24 years

28 years

Money Back

15% of Sum

20% of Sum

25% of Sum

30% of Sum

Policy Term

16 years

20 years

24 years

28 years

(%)

Assured

Assured

Assured

Assured

Maturity
Benefit

60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any

Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the Sum
Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any, plus Terminal Bonus, if any, subject to a
minimum of 105% of the total premiums# paid will be paid as the Death Benefit.
This death benefit will be paid even after Survival Benefit has commenced during the policy term.
*Sum Assured on Death is the higher of: (a) 10 times of annualised premium # OR (b) Sum Assured
#

Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax &

cess, if any
The policy will terminate on the date the Company is informed of the death of the life assured.

Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term

Minimum Premium (In


Rs.)

Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly

Half-yearly

Quarterly

Monthly

16 years

9,000

5,000

3,000

900

20 years

8,000

4,500

2,500

800

24 years

7,000

4,000

2,300

700

28 years

6,500

3,500

2,000

650

Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting

Parameter
Premium Payment
Frequency

Details
Yearly, Half yearly, Quarterly and Monthly**

Retirement Plans

At Bajaj Allianz Life Insurance, we believe in putting the needs of the customer first, always. We take the time to
understand your current lifestyle and your life goals, and work with you steadily to build a secure and comfortable
retirement plan for your future. Our plans are geared towards helping you do so without sacrificing your needs of
today.
One of the best ways to create a good retirement plan for living an independent life even when you retire is choosing
Bajaj Allianz Life Insurance policies. Having a retirement plan in place will help you fulfill all those dreams that you
aspire during your hard working days.
With Bajaj Allianz, you can keep following your passion, even as you protect your future. An effective way of availing
beneficial facilities would be purchasing the retirement plan online.

Pension Guarantee
Your date of retirement is closing in. You want something that gives you and your spouse an
assured income long after you're retired. We at Bajaj Allianz Life Insurance are aware of this
need, and have come up with a plan that lasts you for a lifetime. Invest your savings in the Bajaj
Allianz Pension Guarantee, a plan that gives you a guaranteed income so that you will live
worry-free for a lifetime.
With Bajaj Allianz Pension Guarantee, you can ensure a regular income after retirement. This
retirement plan offers you a range of immediate annuities to choose from. The immediate annuity
options available are:

Option
Option A

Detail
Life annuity-

Option

Detail
The annuity is paid to the policyholder as long as he/she is alive.
Life annuity with Return of Purchase Price

Option B

The annuity is paid to the annuitant as long as he/she is alive.

On death of the annuitant, the purchase price is returned to the


nominee.
In case nominee/policyholder of policy under a pension plan of Bajaj
Allianz Life Insurance Company (BALIC) who wishes to take Bajaj
Allianz Pension Guarantee plan and is aged between 0 & 36 years or
81 & 100 years then, only Option B will be available to him/her

Annuity Certain for period 5 years, 10 years, 15 years , 20


years and life thereafterOption C

Annuity is paid for the chosen certain period to the annuitant, if


alive, otherwise to the nominee.

At the expiry of the certain period, if the annuitant is alive, the


annuity is paid to the annuitant as long as he/she is alive.
Joint Life Last Survivor with 50% of annuity to spouse-

Option D

The annuitant and his/her spouse are covered under the policy.

The annuity is paid to the annuitant as long as he/she is alive.

On death of the annuitant, 50% of the prevailing annuity is


payable to the spouse, as long as the spouse is alive
Joint Life Last Survivor with Return of Purchase Price on death
of Last Survivor (100% of annuity to spouse)-

Option E

The annuitant and his/her spouse are covered under the policy.

The annuity is paid to the annuitant and/or spouse as long as at


least one of them is alive.

Option F

On death of the last survivor , the purchase price is returned to


the beneficiary/nominee.
Joint Life Last Survivor with 100% of annuity to spouse

The annuitant and his/her spouse are covered under the policy.

The annuity is paid to the annuitant and/or spouse as long as at

Option

Detail
least one of them is alive.

Important details of the "Bajaj Allianz Pension Guarantee" Plan


Parameter
Detail
37 years
Minimum Age at
Entry

For option B, the annuitant's minimum age at entry is 0


year
For option D, E & F annuitant and Spouse's minimum age
at entry is at least 37 years
80 years

Maximum Age at
Entry

(For option D, E & F Annuitant and Spouse's maximum age


at entry is at most 80 years last birthday)
For option B, the annuitant's maximum age at entry is 100
years (In case nominee/policyholder of policy under a
pension plan of BALIC who wishes to take Bajaj Allianz
Pension Guarantee plan)
Rs.25,000

Minimum Purchase
Price

In case nominee/policyholder of policy under a pension


plan of BALIC who wishes to take Bajaj Allianz Pension
Guarantee plan, the minimum purchase price is not
applicable

Maximum Purchase

No Limit

Parameter

Detail

Price
Minimum Annuity
Instalment

Rs. 1000

Retire Rich
"A plan that enables you to retire with laughter lines... not worry lines."
You have been working hard. You're going to retire one day. How do you want to spend your retirement? Travelling?
Golfing? Turning a hobby into a second career or volunteering for a noble cause or simply spending more time with
your family.
In retirement, how you choose to spend your time is now up to you. The decisions you make about your money today
should be flexible enough to accommodate your changing needs.
Taking charge of your retirement begins with Bajaj Allianz Retire Rich - A Unit-linked Pension Plan that your
retirement dreams are well met.

Key benefits of Bajaj Allianz Retire Rich


This retirement plan offers you the key benefits of:

Guaranteed Vesting Benefit and Guaranteed Death Benefit

Option to select regular, limited or single premium payment

Option to change the premium payment term

Flexibility to pay top-up premium

How Does Your Plan Work?


Bajaj Allianz Retire Rich is a simple to understand unit-linked deferred pension plan.

At the inception, you have to choose between Regular, Limited or Single premium payment option

Premium paid by you, after deduction of premium allocation charge, will be allocated in to the Pension
Builder Fund. Units will be allocated to your policy account at the prevailing unit price of the fund

The policy administration charge will be deducted monthly through cancellation of units. Fund management
charge and guarantee charge are adjusted in the unit price

In the process to comply with the reduction in yield, the Company may arrive at specific non-negative clawback additions, if any, to be added to the unit Fund Value, as applicable, at various durations of time after the first five
years of the contract.

At the end of your policy term, i.e., on the vesting date, the vesting benefit of your policy will be your total
Fund Value subject to a Guaranteed Vesting Benefit of 101% of the sum of all premiums and top-up premiums paid
by you till the vesting date

Death Benefit

On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher
of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit

Guaranteed Death Benefit: 105% of the sum of all premiums and top-up premiums (if any) paid till date
under the policy

The nominee can utilize the death benefit in any of the following ways:
o

Take the entire death benefit as cash lump-sum or

Use the entire or part of the death benefit proceeds to purchase an annuity from us at the then
prevailing annuity rates.

Vesting Benefit

The vesting benefit of your policy on the vesting date will be higher of the Guaranteed Vesting Benefit or the
total Fund Value as on the vesting date

Guaranteed Vesting Benefit: 101% of the sum of all premium and top-up premiums (if any) paid by you till
the vesting date

On the vesting date, you have the option to use your vesting benefit in one of the following three ways:
o

You may take up to 1/3rd* of vesting benefit as a lump sum and purchase an immediate annuity
from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan
available on sale then.

You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your vesting benefit irrespective of minimum single premium.

You may extend your prevailing deferment period under the policy to any available period as at the
vesting date, provided your age as on the vesting date is less than 55 years. The prevailing guaranteed death
benefit, guaranteed vesting benefit and option to pay top-up premiums will continue during the extended
deferment period. Once the option is chosen, the guaranteed vesting benefit shall not be applicable at the
original vesting date. No premiums need to be paid during the extended deferment period. During the extended
deferment period, all applicable charges will get deducted.

Note: You will have to exercise one of the above three options before the vesting date
*maximum as allowed by IT Act

Loyalty Additions

You will get additional Loyalty Additions added to your Fund Value on the original vesting date of your policy. Loyalty
Additions are equal to a percentage of annualized/single premium as given below:
For Regular/ Limited Premium payment option
Policy
Term

For Single Premium


Payment option

For premium less than


Rs. 10,00,000

For premium of Rs.


10,00,000 and above

7 to 10

Nil

Nil

Nil

11 to 15

8.5%

25.5%

3.0%

16 to 20

9.0%

27.0%

3.5%

21 to 25

10.0%

30.0%

4.0%

26 to 30

11.0%

33.0%

4.5%

Surrender Benefit

You may, at any time, surrender the policy

If the policy is surrendered during the lock in period of five years:


o

Death benefit under your plan will terminate immediately

Your Fund Value less the discontinuance/ surrender charge, if any, plus the top up premium Fund
Value, if any, as on the date of surrender, will be transferred to the discontinued pension policy fund.
The discontinuance value as at the end of the lock-in period will be available to you as surrender

o
value
o

Once the policy is surrendered it cannot be revived


On surrender of the policy after the lock in period of five years, the total Fund Value, on the date of

surrender, will be available to you as the surrender value and the policy will terminate.

You should compulsorily use the surrender value available in one of the following two ways:
o

You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your surrender benefit OR

You may take up to 1/3rd* of the surrender value as a lump sum and purchase an immediate
annuity from us with the balance amount at the then prevailing annuity rates.

Features
Alteration of Premium payment frequency (only in regular premium/
limited premium payment options)

Modes

Yearly Half-yearly

Quarterly

Monthly

Premium Frequency Factor

1/4

1/12

1/2

Option to make lump sum investment

You can make lump sum investments at any time except in the last five policy years by paying
unlimited top up premiums to enhance your fund value, provided all due regular premiums are
paid. The minimum top up premium is Rs. 5,000.
Option to change the premium paying term (only in case of regular and limited
premium payment option)

You have the option to change your premium paying term at any time subject
to the minimum and maximum premium paying term allowed under the plan,
provided all due regular and limited premium till the date of such request are
paid

Such option should be exercised before the expiry of the existing premium
paying term

Miscellaneous charge will be applicable for the option.

Fund
Pension Builder Fund

Risk Profile - Medium (SFIN: ULIF06908/02/13PENSIONBUI116)


The investment objective of this fund is to provide capital appreciation by investing in a suitable
mix of debt and equities. The fund strategy would be to invest in following mix of assets:
Portfolio Allocation:
Equity & equity related instruments

0% - 50%

Debt, fixed deposits & debt related instruments

25% - 100%

Mutual funds(a) and money market instruments

0% - 40%

ULIP plan

ULIP means a "Unit Linked Insurance Plan". ULIPs are financial instruments which when used intelligently, gives you
the best of both worlds. It combines the characteristics of a market linked instrument and life insurance policy. Part of
the premium goes into buying life insurance cover while the remaining part of the premium is invested in an asset
class (equity/debt), based on one's choice. Asset class investment is made after deduction of known charges.

The tax
advantageULIPsPla

n
Equity Funds

Non-Equity Funds

ULIPs

Holding Period
15%
Less than 1 year
Over 1 year but less than 3 years

Nil
Nil

No tax on switching
Tax rate applicable to from one fund
investor
option to another.
Partial withdrawals
(allowed after 5
years) and maturity
20% after indexation corpus is tax-free.

Over Three years


Includes all other
Domestic equity
funds (debt, liquid, If life cover is 10
funds and
MIPs, fund of funds, times the annual
equity-oriented
gold funds, global
premium
hybrid funds.
funds).

Fortune Gain
An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment
made; making sure the deduction in charges are minimum. We present one such smart solution - Bajaj Allianz
Fortune Gain - a Unit-Linked Single Premium Endowment Plan that provides up to 99.5% premium allocation to make
sure that your valuable money is fully utilized towards building you a fortune.
Be Future Safe with Fortune Gain!

Key Advantages of Bajaj Allianz Fortune Gain


Bajaj Allianz Fortune Gain is a non-participating, individual, single premium Unit-Linked endowment plan. The key
advantages of Bajaj Allianz Fortune Gain are as follows

99.5% premium allocation for single premium 10 lacs and above

Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen

Choice of seven (7) funds

Option to make partial withdrawals from the funds

Option to pay top-up to the extent of the single premium paid.

Option to decrease sum assured

Systematic switching option to manage your investments better

Options to take maturity benefit in installments (Settlement Option)

Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.

Death Benefit

In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].

If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.

If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.

The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.

Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999

100,000 & above

7 to 10

Nil

Nil

10 to 30

Nil

3%

No loyalty addition is payable on any top-up premium paid.

Surrender Benefit
You have the option to surrender your ULIP policy at anytime.

On surrender during the lock-in period of first five years, the single premium fund value, less the
discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.

On surrender after the lock-in period of first five years, the surrender value available will be single premium
fund value plus top up premium fund value, if any, as on the date of surrender.

The policy shall thereafter terminate upon payment of the full surrender value by the company.

Product Terms and Conditions


Eligibility table
Parameter

Details

Minimum Entry Age

1 year

Maximum Entry Age

63 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

70 years

Minimum Policy Term

7 years

Maximum Policy Term

30 years

Minimum Single Premium

Rs. 50,000

Maximum Single Premium

No Limit

Premium Payment
Frequency

Single

Minimum Sum Assured

1.25 times single premium if Age at Entry < 45 yrs


1.1 times single premium if Age at Entry >= 45 yrs

Maximum Sum Assured

X * single premium, where X is based on age at


entry and Policy term as mentioned below
Policy
Term

Age at entry
120

21 30

31 35

36 44

45
above

7 - 10

10

10

10

1.5

11 - 15

10

10

1.5

16 - 20

10

1.5

Parameter

Details
Policy
Term

Age at entry
120

21 30

31 35

36 44

45
above

7 - 10

10

10

10

1.5

21 - 25

10

1.5

26 - 30

10

NA

Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years

Top-Up Sum Assured


Multiplier
1.25 times top-up
premium
1.1 times top-up
premium

Future Gain
We all seek opportunities to gain maximum benefits at the lowest cost. When we decide to invest our monies, we
want every rupee of our hard earned money to be utilized fully for our future gains. Helping the investor in you, we
present Bajaj Allianz Future Gain - a Unit-Linked Endowment Plan that provides for maximum premium allocation to
make sure that your valuable money is fully utilized towards your dream future.

Key Features

Maximum premium allocation

Choice of 2 investment portfolio strategies

Choice of seven (7) funds

Option to make partial withdrawals from the funds

Option to pay top-up premium

Option to decrease sum assured

Option to alter premium payment frequency

Option to take maturity benefit in installments (Settlement Option)

How Does Your Plan Work?


In Bajaj Allianz Future Gain, the premiums paid by you, after applying the applicable premium allocation rate, are
invested as per your chosen portfolio strategy across the various applicable funds. The units are allocated at the
prevailing unit price of the fund.
The mortality charge and policy administration charge are deducted monthly through cancellation of units. Fund
management charge is adjusted in the unit price.

Maturity Benefit
Under Bajaj Allianz Future Gain, the maturity benefit will be the regular premium fund value plus top up premium fund
value as on the maturity date, provided the policy is in-force.

Surrender Benefit
You have the option to surrender your policy at anytime.

On surrender during the lock-in period of first five years of your policy, the regular premium fund value, less
the discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.

On surrender after the lock-in period of first five years of your policy, the surrender value available will be
regular premium fund value plus top up premium fund value, if any, as on the date of surrender, and will be payable
immediately.

The policy shall terminate upon payment of the surrender/discontinuance value by the company.

Death Benefit
In case of unfortunate death before the maturity date, provided the ULIP policy is in-force, the death benefit payable
to the nominee/ policyholder as a lump-sum is:

The higher of the sum assured or regular premium fund value PLUS

The higher of top-up premium sum assured or top-up premium fund value, if any;
All the above as on date of receipt of intimation of death The death benefit is subject to the guaranteed death benefit,
which is 105% of the total premiums paid including top-up premiums paid, if any, till the date of death.

If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the regular premium fund during the two year period immediately
preceding the date of death of the life assured.

If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent ofthe partial withdrawals made from the regular premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the regular premium fund after attaining age 60.

The partial withdrawal made from the top up premium fund shall not be deducted for this purpose

Am I Eligible?
Parameter

Details

Minimum Entry Age 1 year


Maximum Entry Age 60 years
Minimum Age at
Maturity

18 years

Maximum Age at
Maturity

70 years

Minimum Policy Term 10 years


The policy term will be as follows
Maximum Policy
Term

Premium Payment
Term (PPT)
Minimum Premium
(Modal Premium)

Premium Paying
Term

5 or 6

Policy Term

10, 15 to 20 years 10, 15 to 30 years

Other PPTs

5 to 30 years
Halfyearly

Frequency

Yearly

Premium (in

25,00 12,500

Quarterly Monthly* Top - up


6,500

2,500

5,000

Parameter

Details
Rs.)

*Monthly premium payment frequency will be available under


salary deduction scheme & ECS.

Maximum Premium

Premium Payment
Frequency

Frequency

Yearly

Half-yearly Quarterly Monthly

Premium (in
Rs.)

12,00,000 6,00,000

Yearly, Half Yearly, Quarterly and Monthly


Age

Higher of
10 times
Annualized
Premium

0.5 * Policy term *


Annualized Premium

7 times
Greater than or
Annualized
equal to 45 years
Premium

0.25 * Policy term *


Annualized Premium

Less than 45
years

Minimum Sum
Assured

3,00,000 1,00,000

For example, for an age less than 45 years and policy term of
i. 15 years the minimum Sum assured available will be 10
times Annualized Premium
ii. 22 years the minimum sum assured available will be 11
times of Annualized premium i.e. (0.5*22* Annualized
premium)
Maximum Sum
Assured

X* Annualized Premium, where X is based on age at entry and


Policy term as mentioned below
Policy Term/
Age at entry

135

36 - 40

41 - 44

45 - 50

51 &
above
Minimum
SA

10 & 15

15 15

10

10

16-20

15 15

10

Minimum Minimum
SA
SA

21-25

15 12.5

Minimum Minimum
NA
SA
SA

26-30

15 Minimum Minimum NA

NA

Parameter

Details
Policy Term/
Age at entry

135

36 - 40
SA

Minimum &
Maximum Sum
Assured on Top up
Premium

Age
Less than 45 years

41 - 44

45 - 50

51 &
above

SA
Top-Up Sum Assured
Multiplier
1.25 times

Greater than or equal to 45


1.1 times
years

Age calculated is age as at the last birthday

Portfolio Strategies
Bajaj Allianz Future Gain provides the policy holder with two portfolio strategies, which can be
chosen at the inception of the policy or on any subsequent policy anniversary

Investor Selectable Portfolio Strategy

Wheel of Life Portfolio Strategy

Investor Selectable Portfolio Strategy - If the policyholder want to allocate the premiums
based on his/ her personal choice and decision, the policyholder can opt for this strategy and
choose from among the seven (7) funds below to suit his/ her investment needs.
Wheel of Life Portfolio Strategy provides the policyholder with a "Years to maturity" based
portfolio management. Under this strategy, on each policy anniversary, fund value among various
funds (as per the below table) in the proportion based on the outstanding years to maturity are
allocated/ reallocated.

Charges under the Plan


Charges

Details
Annualized Premium/ Policy Year

Premium
Allocation
Charge

2-5

6 and above

25,000 to 99,999

5.50% 3.75% 0%

100,000 to 199,999

2.50% 1.75% 0%

200,000 and above

0%

0%

0%

All Top ups have a premium allocation charge of 2%


Policy
Rs.33.33 per month inflating at 5% per annum every month. The
Administratio charge will be deducted at each monthly anniversary by cancellation
n Charge
of units at prevailing unit price
Fund

Fund Management Charge per


annum

Equity Growth Fund II

1.35%

Accelerator Mid Cap Fund II

1.35%

Pure Stock Fund


Fund
Management Asset Allocation Fund II
Charge (FMC) Bluechip Equity Fund

1.35%
1.25%
1.25%

Liquid Fund

0.95%

Bond Fund

0.95%

Discontinued Life Policy Fund 0.50%


This charge would be adjusted in the unit price
A miscellaneous charge of Rs. 100/- per transaction in respect of
Miscellaneous alteration of premium mode, alteration of premium apportionment,
Charge
change in premium paying term or decrease in sum assured shall be
charged.

Charges

Details
Where the
policy is
discontinued
during the
policy year

Discontinuance
Discontinuance
charge for the
charge for the policies
policies having
having annualized
annualized premium
premium above Rs.
up to Rs. 25000/25000/-

Lower of 20% * (AP or


FV) subject to maxi mum of Rs.3,000

Lower of 6% * (AP or FV)


subject to maximum of
Rs.6,000

Lower of 15% * (AP or


FV) subject to maxi mum of Rs.2,000

Lower of 4% * (AP or FV)


subject to maximum of
Rs. 5,000

Lower of 10% * (AP or


FV) subject to maxi mum of Rs.1,500

Lower of 3% * (AP or FV)


subject to maximum of
Rs. 4,000

Lower of 5% * (AP or FV) Lower of 2% * (AP or FV)


subject to maxi - mum subject to maximum of
of Rs.1,000
Rs.2,000

5 and above

Nil

Discontinuanc
e Charge

Nil

AP - Annualized Premium & FV - Regular Premium Fund Value


Discontinuance Charge for top ups is Nil.

Mortality
Charge

Mortality Charge will be deducted at each monthly anniversary by


cancellation of units. Female life assured will be eligible for an ageset-back of 3 years. For sub-standard lives, including smokers, extra
mortality charge will be applicable which will be deducted as charges
by cancellation of units. Sample mortality charges per annum per
thousand of sum at risk for a healthy male life is shown below:
Age (yrs)
Rs.

20
1.13

30
1.34

40
2.35

50
6.52

Sum at risk is equal to Maximum of [death benefit - regular premium


fund value - top up premium fund value, zero]
Service Tax

As applicable on all Charges mentioned above

Child Plan

Bajaj Allianz Life Insurance Child Plans are designed to ensure that they suit all basic requirements for your child's
future. It has multiple premium payment and policy terms options, Guaranteed Maturity Benefit, cash installment
option, inbuilt Total Disability Benefit and much more. At Bajaj Allianz life insurance, we believe in helping you to build
a robust child plan for your child's secured future

What are Child Insurance Plans ?


You wish to see your child do better than you.... this dream can be realized only if you support it with the right
financial planning and secure your child's education and higher education expenses, their extracurricular activities as
well as supporting their talent and of course marriage expenses. The only way to get over this worry is to choose a
sizeable child planwhich will secure the future of your child.
Child plans are regular life insurance policies designed in such a way that they meet the needs of your children
financially as and when it arises. The most important benefit in child plan is that even if the parent were to meet with
an unfortunate event your child's needs would still be taken care of. Not only does the child plan offer a lump-sum
payment on the death of the policyholder, but it also waives of all future premiums and the insurance company
continues investing this money on behalf of the policyholder.
Systematic and steady savings with Bajaj Allianz Life Insurance will help you to take care of all future goals and
securing them, even if you are not there. Bajaj Allianz Life Insurance Child plans and policies offer security against
constraints like inflation and rising educational expenses.
To take concrete steps towards realizing your child's dreams, start right away with Bajaj Allianz Life Insurance Child
Plans.

Lifelong Assure
We all wish for regular flow of income at all stages of our life, but most of the time achieving those over age & time is
not possible. Helping you with a solution, we at Bajaj Allianz developed Lifelong Assure - a unique plan that provides
you income & protection till your 100 birthday so that you can live worry-free for a lifetime.

Key features
The key features are as follows:

Cash Bonus starting from the end of 6th year.


Guaranteed Cash Back starting from the end of Premium Payment Term.

Life cover up to the age of 100 years.

Guaranteed Death Benefit of up to 300% of Sum Assured depending on the PPT chosen.

Option to take policy benefit in monthly installments.

Choice of 3 premium payment terms, viz., 10, 15 and 20 years.

More value for money with high sum assured rebate.

Attractive rates for female lives.

Option to enhance your coverage with rider benefits

Survival Benefit
a. You will start receiving Guaranteed Cash Back of 3% of your Sum Assured every year, from the end of your
premium payment term till the age of 99 years
b. You will be entitled for Cash Bonus declared, if any, starting from the end of 6 policy year till the age of 99 years.

Maturity Benefit
Your policy will mature at the age of 100 years. On the maturity date, if all premiums are paid, the Maturity Value
under your policy, as mentioned in the below table, will be paid and the policy will terminate.
PPT Sum Assured on Maturity

10 years 200% of Sum Assured


15 years 250% of Sum Assured
20 years 300% of Sum Assured

In addition, terminal bonus, if any, will be paid

Death Benefit
In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid
under the policy, the death benefit payable to the nominee shall be as follows

a. For age at entry less than 45 years, higher of

10 times annualised premium*

105% of total premium* paid till date of death

200%, 250% or 300% of sum assured depending on the PPT chosen.

b. For age at entry 45 years & above, higher of

7 times annualised premium*

105% of total premium* paid till date of death

200%, 250% or 300% of sum assured depending on the PPT chosen.


In addition, interim cash bonus & terminal bonus, if any, will be paid.
* Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax and cess, if any

Young Assure
Your family is your joy & pride, and your world revolves around your children who are your future. You always want
the best for them, what they truly deserve. While they strive hard to achieve their dreams; it's your responsibility to
ensure them the right financial support at all times. Presenting Bajaj Allianz Young Assure - a traditional savings
insurance plan that ensures these dreams are fulfilled irrespective of any eventualities.

Key Advantages of Bajaj Allianz Young Assure


Bajaj Allianz Young Assure is a traditional participating regular and limited premium payment endowment plan to
ensure a bright future for your loved ones. The key advantages of this plan are:

Multiple premium payment and policy term options to ensure that money is available to you during crucial
years like child's education, marriage, etc.

Guaranteed Maturity Benefit (GMB), Guaranteed Additions (GA) and bonuses to ensure a good return

3 Cash Installment Options to choose from to match the future financial needs

Comprehensive coverage in case of death or accidental disability

Option to enhance your coverage with rider benefits

Special rates for female policyholders

How Does Your Plan Work?


You can customize your policy to suit your requirement in the following manner:

Step
Step
Step
Step

1: Choose your Policy Term


2: Choose your Premium Payment Term
3: Choose your Premium Payment Frequency
4: Choose your Guaranteed Maturity Benefit

Your premium will be based on Guaranteed Maturity Benefit, age, policy term, premium payment term and premium
payment frequency. Your Sum Assured is 10 times of Annualised Premium.
Step 5: Choose your Cash Installment option

Benefits Payable
Maturity Benefit

The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Additions (GA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any.

The risk cover under your policy will cease on the maturity date.
You can take the Maturity Benefit as per one of the three Cash Installment options chosen by you at
inception, which are paid in annual installments. The first installment will commence from end of the policy term.

Cash Installment Options

Cash
Installment

Option I-3 years

1st

Option II-5 years

Option III-7 years

GA + VB, if any + IB, if any

2nd

50% of GMB

22% of GMB

12% of GMB

3rd

55% of GMB + TB,


if any

25% of GMB

15% of GMB

4th

28% of GMB

18% of GMB

5th

34% of GMB + TB,


if any

20% of GMB

6th

23% of GMB

7th

25% of GMB + TB,


if any

Total GMB
payable

105% of GMB

109% of GMB

113% of GMB

Where,

Guaranteed Addition (GA) is expressed as % of the GMB and will be attached to the policy at the end of the
policy term as given below:

PPT

5 years

7 years

12 years

15 years

20 years

GA (%)

15%

25%

40%

60%

90%

Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured, the benefit payable will be:

The Sum Assured on Death^ , subject to the guaranteed death benefit of 105% of the total premiums1 paid
till date of death, will be paid immediately and the policy will be converted to a fully paid-up policy.
As a fully paid-up policy all future GA, Vested Bonus and Terminal Bonus, if any, will continue to accrue in
the policy.

At the end of the policy term, the Maturity Benefit will be payable.
^Sum Assured on Death is the higher of Sum Assured or the GMB

Total premium is exclusive of extra premium, rider premium and service tax & cess, if any

Accidental Permanent Total Disability Benefit


If all due premiums are paid, then, in case of Accidental Permanent Total Disability of the Life Assured during the
policy term, the policy will be converted to a fully paid-up policy and will continue to accrue all future GA, and Vested
Bonus and Terminal Bonus, if any. At the end of the policy term, the Maturity Benefit will be payable.
If Accidental Permanent Total Disability Benefit has already triggered, on death of the life assured, death benefit will
be paid.

Premium Rebate
This child plan offers a Premium Rebate if your chosen GMB is greater than Rs 1,00,000.
The Premium Rebate is available for each complete additional GMB of Rs 10,000 over & above the minimum GMB of
Rs 1,00,000 and is as per the table below:
Policy Term (in years)

10

15

20

Premium Payment Term (in years)

12

15

12

15

20

Rebate (in Rs)

48

37

39

36

46

42

39

Surrender

The policy can be surrendered by the policyholder at any time, provided at least 1 full year's premium has
been paid if premium paying term is less than 10 years or at least 2 full years' premiums have been paid, if premium
paying term is 10 years or more.

The surrender value shall be higher of: Guaranteed Surrender Value (GSV) and Special Surrender Value
(SSV).

Product Terms and Conditions


Eligibility Conditions
Parameter
Minimum Age at Entry

Details
18 years

Parameter

Details

Maximum Age at Entry

50 years

Minimum Age at
Maturity

28 years

Maximum Age at
Maturity

60 years

Premium

Based on GMB chosen, age, policy term, premium


payment term and premium payment frequency
Premium for female life will be based on the premium
rate of 3 years younger male

Sum Assured

10 times Annualized Premium#


# Annualized Premium is exclusive of extra premium,
rider premium, service tax &cess, if any.

Guaranteed Maturity
Benefit (GMB)

Minimum - Rs 1,00,000
Maximum - No Limit
GMB is as chosen by you
Policy Term

Policy Term & Premium


Payment Term Years

Premium Payment
Frequency

Premium Payment Term

10

5, 7

15

12, 15

20

12, 15, 20

Yearly, Half yearly, Quarterly and Monthly*

*The monthly mode will be allowed only under the salary deduction scheme and ECS.

CSC Bachat Plus

We all want to secure our families against any odds that may force them to compromise in life. All our lives we put in
every possible effort to ensure a safe future for our loved. We understand this concern and present Bajaj Allianz CSC

Bachat Plus - a variable insurance plan that helps you protect your family financially from all uncertainties; that too at
an affordable price.

Key Advantages

Offers Guaranteed Interest Rate (GIR)

Offers Guaranteed Additional Interest Rate (AIR)

Option for Partial Withdrawals

Option to alter premium payment frequency

Benefits Payable
Maturity Benefit
On the maturity date, the benefit payable will be equal to the Policy Account Value
The Maturity Benefit is subject to a minimum amount equivalent to total premiums paid, less Sum of all partial
withdrawals made during the term of your policy, compounded at 1% per annum till maturity date

Death Benefit
In case of unfortunate death of the life assured, the benefit payable will be higher of:

the Policy Account Value or

the Sum Assured on Death


Please note that the Sum Assured on Death is the higher of (a) Sum Assured, (b) 105% of total premiums paid till the
date of death or (c) Total premiums paid till the date of death compounded at 1% p.a.

Parameter
Minimum Entry
Age
Maximum Entry
Age
Maximum Age at
Maturity
Sum Assured
Multiplier
Total Sum Assured
under all Policies
Policy Term
Premium Paying
Term

Details
14 years
55 years
65 years
Age less than 45 years
10 times Annualised Premium

7 times Annualised Premium

Rs. 2,00,000 (The total sum assured allowed on a single life assured under
all policies taken under this plan cannot exceed of Rs. 200,000).
10 and 15 years
Equal to policy term
Mode

Premium

Age greater than or equal to 45 years

Regular Premium
Yearly

Half-yearly

Quarterly

Monthly

Minimum (in Rs.)

1,800

900

450

150

Maximum (in Rs.)

20,000

10,000

5,000

1,665

Premium payment
Yearly, Half-Yearly, Quarterly and Monthly#
Frequencies
#

The monthly mode will be allowed only under the salary deduction scheme and ECS

Group Life Insurance

"One of the best ways for to increase group cohesiveness is to make your group members feel cared for. Our group
insurance scheme for your group members, employees and their families show them that their organization cares not
only for them but also their families. At Bajaj Allianz Life Insurance we offer customised group insurance policy, which
safeguard your employees' interests and show your commitment towards them.

Product

Bajaj Allianz Life Pradhan Mantri Jeevan Jyoti Bima


Yojana
Group Income Protection
Group Term Life Insurance Plan
Group Employee Benefit Plan
Group Employee Care
Group Credit Protection Plus
Group Term Care
Group Superannuation Secure
Group Annuity
Niyamit Sanchay Suraksha
Bajaj Allianz Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Bajaj Allianz Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked, non-participating, one
year renewable group term insurance plan for Government of India's 'Pradhan Mantri Jeevan Jyoti Bima
Yojana' scheme.

Key Features

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