bajaj allianz general insurance company limited

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 AdalatBajaj 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 awardsBajaj 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 2014Bajaj 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 2014Bajaj 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 2014Bajaj 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 2014Bajaj 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 - 2014Bajaj 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 2013Bajaj 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 2013The 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 2013The 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 2013The 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 YearGeneral Insurance Provider of the Year at the Money Today FPCIL Awards 2012.

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

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

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

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

Best Travel Insurer awarded by CNBC 2011Best Travel Insurer awarded by CNBC Awaaz Travel Award 2011.

Best Travel Insurer awarded by CNBC 2010Best Travel Insurer awarded by CNBC Awaaz Travel Award 2010.

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

Customer Responsiveness Award by Avaya Global Connect, 2007Customer Responsiveness Award by Avaya Global Connect, 2007

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

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

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

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

IT Department has received the ISO 27001:2005 certification by DNVBajaj 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 1 : Choose either individual or a joint life term insurance cover Step 2 : Choose your sum assured(s) (Life Cover) Step 3 : Choose your policy term & premium payment frequency Step 4 : 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 Non-

Smoker.

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 EligibilityMinimum Entry Age 18 yearsMaximum Entry Age 60 years

Minimum Sum Assured

Rs.250,000 for general category and Rs.20,00,000 for the categories split by Preferred Non-Smoker1 , Non-Smoker1 & Smoker

Maximum Sum Assured No Limit

Policy Term 10, 15, 20, 25 & 30 yearsMinimum Installment Premium Sum Assured Yearly Half-

Yearly Quarterly Monthly*

Less than Rs.2,000,000 Rs.1000 Rs.500 Rs.250 Rs.100

Parameter EligibilityGreater than or equal to Rs.2,000,000 Rs.3000 Rs.1500 Rs.750 Rs.250

Minimum Maturity Age 28 years

Maximum Maturity Age 70 years

iSecure More

SA Band% Rebate (reb%) for Age Band< = 30 31 - 40 41 - 50 > = 51

500,000 to 999,999 10.00% 5.00% 2.50% 2.50%1,000,000 to 1,999,999 17.50% 7.50% 5.00% 2.50%2,000,000 to 4,999,999 20.00% 10.00% 5.00% 5.00%5,000,000 & above 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 < = 40 41 to 50 > = 51JLR as % of the total Gross Premium# applicable to the individual lives 5% 3% 1%

Parameter EligibilityMinimum Entry Age 18 yearsMaximum Entry Age 60 years

Minimum Sum Assured Rs. 2,50,000

Maximum Sum Assured No Limit (subject to the Sum Assured multiples)

Policy Term 10, 15, 20 & 25 years

Minimum Installment Premium

Rs. 1,500 per yearly installmentRs. 750 per half-yearly installmentRs. 400 per quarterly installmentRs. 150 for monthly installment**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 Age 28 years

Maximum Maturity Age 70 years

Carefully SelectSum 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

Sum Assured Band Multiple

Rs. 4,00,000 - 45,00,000 Rs. 1,00,000

Rs. 45,00,000 and above 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 AdvantagesBajaj 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 Option I - Death Benefito Option II - Death Benefit plus Accidental Death Benefito 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 PayableThe benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:

For Coverage Option I(Only Death Benefit)o 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)

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

policy will terminate.o 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)o 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.

o 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.o 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.

o 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 High Sum Assured Rebate applicable for Sum Assured band

I 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 Assured of Rs. 1,00,00,000

High Sum Assured RebatePPT (years) 5 7 10 15Below age 45 Rs. 152 Rs. 115 Rs. 90 Rs. 71Age 45 & above Rs. 113 Rs. 88 Rs. 70 Rs. 56

Product Terms and Conditions Eligibility Conditions

Parameter Details

Minimum Entry Age 25 years

Maximum Entry AgeCoverage 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 PremiumInstallments Yearly Half-Yearly Quarterly Monthly

Rs 36,720 18,727 9,547 3,305

Maximum Premium No limit


Maximum Sum AssuredNo limit Sum Assured has to be opted in multiples of Rs. 50,000

Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly#

Life SecureBajaj 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 AdvantagesBajaj 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 Option I - Death Benefito Option II - Death Benefit plus Accidental Death Benefito 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



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^

http://www.bajajallianz.com/Corp/term-insurance/isecure-insurance-plan.jsp

http://www.bajajallianz.com/Corp/term-insurance/isecure-insurance-plan.jsp

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

For Coverage Option I(Only Death Benefit)o 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)

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

policy will terminate.o 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)o 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.

o 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.o 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.

o 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 FeaturesFeatures

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

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

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

IIIabove the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 1,00,00,000

High Sum Assured Rebate

PPT (years) 5 7 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 o 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 AgeCoverage 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 PremiumInstallments Yearly Half-Yearly Quarterly Monthly

Rs 36,720 18,727 9,547 3,305

Maximum Premium No limit


Maximum Sum AssuredNo limit Sum Assured has to be opted in multiples of Rs. 50,000


LifeStyle SecureWe 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 AdvantagesBajaj 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


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) 5 7 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.

ParameterEligibility

Minimum Entry Age 18 yearsMaximum Entry Age 50 yearsMinimum Age at Maturity 23 yearsMaximum Age at Maturity 60 yearsPolicy Term 5/ 7/ 10/ 15/ 20 yearsPremium Payment Frequency Yearly, Half yearly, Quarterly and Monthly

Premium

Mode Yearly Half-Yearly Quarterly Monthly

Minimum Premium (in Rs.) 1,466 748 381 132

Maximum Premium (in Rs.) 20,458 10,434 5,319 1,841

Minimum Sum Assured Rs. 3,00,000Maximum Sum Assured Rs. 15,00,000

Savings PlansAt 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 AssureWe 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 FeaturesBajaj 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

https://www.bajajallianz.com/Corp/life-insurance/riders.jsp

Learn MoreAm 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

Policy Term 15 & 17 years

Premium Paying Term Policy term selected less than 5 years

Minimum Premium

Frequency 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.800Maximum Premium No Limit

Minimum Sum Assured Rs. 100,000


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 AssureWe 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, non-

participating, 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


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 2: Choose your Policy Term(PT)

Learn MoreAm I Eligible?

Eligibility Details





Policy Term 7, 8 & 9 years

Premium Paying Term 5 years

Minimum Premium Frequency Yearly Half-Yearly Quarterly Monthly*

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

Maximum Premium No Limit



Premium Payment Frequency Yearly, Half Yearly, Quarterly and Monthly

Maturity Benefit

http://www.bajajallianz.com/Corp/savings-plans/savings-plans.jsp

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



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 ofi) 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 AssureAll 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 AdvantagesBajaj 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 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 years1st 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 yearsMoney Back

(%)15% of Sum Assured

20% of Sum Assured

25% of Sum Assured

30% of Sum 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.

Parameter DetailsMinimum Entry Age 0 yearMaximum Entry Age 54 yearsMinimum Age at Maturity 18 years


Policy Term 16, 20, 24 and 28 years

Parameter DetailsPremium Paying Term Policy Term minus 5 years

Minimum Premium (In Rs.)

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 chosenMinimum Sum Assured Rs. 1,00,000Maximum Sum Assured Subject to underwritingPremium Payment Frequency Yearly, Half yearly, Quarterly and Monthly**

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

Investment PlansAt 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 AssureYou 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.



Step 2: Choose your Premium Paying Term


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 10thpolicy year.

GLA, as % of GMB and the total GLA payable at maturity depends on the premium payment term and policy term chosen as shown in the table below:

Premium Payment Term (years) 7 10 15 20 25 30

Policy Term (years) 15 20 25 30 15 20 25 30 15 20 25 30

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%

165%

240% 315

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.1Sum 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) 7 10 15 20 25 30

Rebate (in Rs.) 90 76 67 72 77 81

http://www.bajajallianz.com/Corp/investment-plans/investment-plans.jsp

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, half-

yearly, 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






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

Sum Assured 10 times of Annualized Premium

Guaranteed Maturity Benefit (GMB Minimum - Rs. 5,00,000Maximum - No Limit



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

Fortune GainAn 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 GainBajaj 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.

Policy TermSingle Premium

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.


Eligibility table

Parameter Details





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 yrs1.1 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 TermAge at entry

1 - 20 21 - 30 31 - 35 36 - 44 45 above

7 - 10 10 10 10 5 1.5

11 - 15 10 10 8 3 1.5

16 - 20 10 8 5 3 1.5

21 - 25 10 6 4 2 1.5

26 - 30 10 5 3 2 NA

Minimum & Maximum Sum Assured on Top up Premium Age

Top-Up Sum Assured Multiplier

Parameter Details

Less than 45 years 1.25 times top-up premium

Greater than or equal to 45 years

1.1 times top-up premium

Cash AssureAll 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 AdvantagesBajaj 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


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




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 Assured

20% of Sum Assured

25% of Sum Assured

30% of Sum 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 anyThe policy will terminate on the date the Company is informed of the death of the life assured.

Parameter DetailsMinimum Entry Age 0 yearMaximum Entry Age 54 yearsMinimum Age at Maturity 18 years


Policy Term 16, 20, 24 and 28 yearsPremium Paying Term Policy Term minus 5 years

Minimum Premium (In Rs.)

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 chosenMinimum Sum Assured Rs. 1,00,000Maximum Sum Assured Subject to underwritingPremium Payment Frequency Yearly, Half yearly, Quarterly and Monthly**

Retirement PlansAt 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 Detail

Option ALife annuity-The annuity is paid to the policyholder as long as he/she is alive.

Option B

Life annuity with Return of Purchase Price-

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

Option C

Annuity Certain for period 5 years, 10 years, 15 years , 20 years and life thereafter-

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.

Option D

Joint Life Last Survivor with 50% of annuity to spouse-

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 aliveOption E Joint Life Last Survivor with Return of Purchase Price on death of Last Survivor (100%

http://www.bajajallianz.com/Corp/retirement-plans/retirement-plans.jsp

Option Detail

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 least one of

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

beneficiary/nominee.

Option F

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 least one of

them is alive.

Important details of the "Bajaj Allianz Pension Guarantee" PlanParameter Detail

Minimum Age at Entry

37 years

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

Maximum Age at Entry 80 years

(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

Parameter Detail

to take Bajaj Allianz Pension Guarantee plan)

Minimum Purchase Price

Rs.25,000

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 Price No Limit

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 RichThis 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

http://www.bajajallianz.com/Corp/retirement-plans/retirement-plans.jsp

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 claw-back 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

o 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.

o You may purchase a single premium deferred pension plan from us, using the entire proceeds of your vesting

benefit irrespective of minimum single premium.

o 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:

Policy Term

For Regular/ Limited Premium payment optionFor Single Premium Payment optionFor premium less than

Rs. 10,00,000For 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

o 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.

o The discontinuance value as at the end of the lock-in period will be available to you as surrender 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

o 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 1/2 1/4 1/12

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 advantageULIPsPlan

Holding Period

Equity Funds Non-Equity Funds ULIPs

Less than 1 year

15% Tax rate applicable to investor

No tax on switching from one fund option to another.Partial withdrawals (allowed after 5 years) and maturity corpus is tax-free.

Over 1 year but less than 3 years Nil

Nil 20% after indexation

The tax advantageULIPsPlan

Holding Period

Equity Funds Non-Equity Funds ULIPs

Over Three years

Domestic equity funds and equity-oriented hybrid funds.

Includes all other funds (debt, liquid, MIPs, fund of funds, gold funds, global funds).

If life cover is 10 times the annual premium

N

Fortune GainAn 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 GainBajaj 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



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


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.

Policy TermSingle Premium

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.


Eligibility table

Parameter Details






Maximum Policy Term 30 years

Parameter Details

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 yrs1.1 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 TermAge at entry

1 - 20 21 - 30 31 - 35 36 - 44 45 above

7 - 10 10 10 10 5 1.5

11 - 15 10 10 8 3 1.5

16 - 20 10 8 5 3 1.5

21 - 25 10 6 4 2 1.5

26 - 30 10 5 3 2 NA

Minimum & Maximum Sum Assured on Top up Premium

AgeTop-Up Sum Assured

Multiplier

Less than 45 years 1.25 times top-up premium


1.1 times top-up premium

Future GainWe 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



Option to pay top-up premium


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




Parameter Details

Maximum Age at Maturity

70 years


Maximum Policy Term

The policy term will be as follows

Premium Paying Term 5 or 6 Other PPTs

Policy Term 10, 15 to 20 years 10, 15 to 30 years

Premium Payment Term (PPT)

5 to 30 years

Minimum Premium(Modal Premium)

Frequency Yearly Half-yearly Quarterly Monthly* Top - up

Premium (in Rs.) 25,000 12,500 6,500 2,500 5,000

*Monthly premium payment frequency will be available under salary deduction scheme & ECS.

Maximum PremiumFrequency Yearly Half-yearly Quarterly Monthly

Premium (in Rs.) 12,00,000 6,00,000 3,00,000 1,00,000

Premium Payment Frequency

Yearly, Half Yearly, Quarterly and Monthly

Minimum Sum Assured

Age Higher of

Less than 45 years10 times Annualized Premium

0.5 * Policy term * Annualized Premium


7 times Annualized Premium

0.25 * Policy term * Annualized Premium

For example, for an age less than 45 years and policy term ofi. 15 years the minimum Sum assured available will be 10 times Annualized Premiumii. 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

Parameter Details

mentioned below

Policy Term/ Age at entry

1 - 35

36 - 40 41 - 44 45 - 50 51 & above

10 & 15 15 15 10 10Minimum SA

16-20 15 15 10Minimum SA

Minimum SA

21-25 15 12.5Minimum SA

Minimum SA

NA

26-30 15Minimum SA

Minimum SA

NA NA

Minimum & Maximum Sum Assured on Top up Premium

Age Top-Up Sum Assured Multiplier

Less than 45 years 1.25 times

Greater than or equal to 45 years 1.1 times

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 PlanCharges Details

Premium Allocation Charge

Annualized Premium/ Policy Year 1 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 Administration Charge

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

Fund Management Charge (FMC)

Fund Fund Management Charge per annum

Equity Growth Fund II 1.35%

Accelerator Mid Cap Fund II 1.35%

Pure Stock Fund 1.35%

Asset Allocation Fund II 1.25%

Bluechip Equity Fund 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

Miscellaneous Charge

A miscellaneous charge of Rs. 100/- per transaction in respect of alteration of premium mode, alteration of premium apportionment, change in premium paying term or decrease in sum assured shall be charged.

Charges Details

Discontinuance Charge

Where the policy is discontinued during

the policy year

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

Discontinuance charge for the policies having annualized

premium above Rs. 25000/-

1Lower 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 4% * (AP or FV) subject to maximum of Rs. 5,000


Lower of 3% * (AP or FV) subject to maximum of Rs. 4,000


Lower of 2% * (AP or FV) subject to maximum of Rs.2,000

5 and above Nil 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 age-set-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) 20 30 40 50

Rs. 1.13 1.34 2.35 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 PlanBajaj 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 AssureWe 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 featuresThe 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.


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




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 AssureYour 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 AssureBajaj 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





Step 1: Choose your Policy Term Step 2: Choose your Premium Payment Term Step 3: Choose your Premium Payment Frequency Step 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

Cash Installment Options

Option I-3 years Option II-5 years Option III-7 years

1st 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

Cash Installment

Cash Installment Options

Option I-3 years Option II-5 years Option III-7 years

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 GMB1Total 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) 5 7 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).


Eligibility Conditions

Parameter Details

Minimum Age at Entry 18 years

Maximum Age at Entry 50 years



Premium

Based on GMB chosen, age, policy term, premium payment term and premium payment frequencyPremium 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,

http://www.bajajallianz.com/Corp/child-insurance-plans/child-insurance-plans.jsp

Parameter Details

service tax &cess, if any.

Guaranteed Maturity Benefit (GMB)

Minimum - Rs 1,00,000Maximum - No LimitGMB is as chosen by you

Policy Term & Premium Payment Term Years

Policy Term Premium Payment Term

10 5, 7

15 12, 15

20 12, 15, 20

Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly*

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

CSC Bachat PlusWe 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 DetailsMinimum Entry Age 14 years



Sum Assured Multiplier

Age less than 45 years Age greater than or equal to 45 years

10 times Annualised Premium 7 times Annualised Premium

Total Sum Assured under all Policies

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).

Policy Term 10 and 15 yearsPremium Paying Term Equal to policy term

Premium Mode Regular Premium

Yearly Half-yearly Quarterly Monthly

Parameter Details

Minimum (in Rs.) 1,800 900 450 150

Maximum (in Rs.) 20,000 10,000 5,000 1,665

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

#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

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#niyamit

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#annuity

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#Superannuation

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#grouptermcare

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#gcpp

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#groupcare

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#groupbenefit

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#groupterm

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#groupincome

https://www.bajajallianz.com/Corp/life-insurance/group-members-families.jsp#pmjjby

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

bajaj allianz general insurance company limited

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