Bajaj Allianz General Insurance Company Limited

Types of Organisation
Bajaj Finserv
Type
Private Company
Industry
Financial Services
Founder
Jamnalal Bajaj
Headquarters
Pune, Maharashtra, India
Key people
Rahul Bajaj, Sanjiv Bajaj
Products
Financial Services, Wealth Services, Insurance
Revenue
4774 Cr
Parent
Bajaj Holdings & Investments Limited
Subsidiaries
Bajaj Finance Ltd., Bajaj Allianz General Insurance

Ltd., Bajaj Allianz Life Insurance Company Ltd.,
Bajaj Financial Services Ltd.
Website
www.bajajfinserv.in
S.K.School of Business Management
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Bajaj Allianz General Insurance Company Limited
Bajaj Allianz 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.
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History of Bajaj Allianz
Bajaj Finserv, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company
focused on lending, asset management, wealth management and insurance.
The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a
nationwide presence across over 1400 locations. The company is currently engaged in consumer finance
businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array
of financial products and services in India.Apart from financial services, Bajaj Finserv is also active in wind
energy generation.
The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFS) as part of
the recently concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature
at Bombay by its order dated 18 December 2007. The demerger was effective on 31 March 2007.
BFS is engaged in life and general insurance businesses through its joint ventures with Allianz SE namely
Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited.
Bajaj Holdings has been registered as a NonBanking Financial Company (NBFC) under the Registration No.
N13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The company is classified as a
Systemically Important Nondeposit taking NBFC as per RBI Regulations.
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Culture @ Bajaj Allianz
Bajaj Allianz will be
A winning team
Have a passion for excellence & hate bureaucracy
Be empowered, have the confidence to take decisions quickly & be accountable
Be driven to achieve results, to deliver
Be professional & socially committed
Be open to ideas, sharing, transparent & trust
Focus everything we do on our customers
Make BALIC a 'great place to work'
Have a sense of humour
The Bajaj Allianz Philosophy
Invest in people - Pay / develop / career planning
Dominate your market - Be decisive / communicate clear goals
Never sit still - change continually / revolutionize
Think service; service; service - continuous improvement
Learn & Lead - Be prepared to listen
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Tell the facts are they are - clear communication
Kill bureaucracy - boundary less / idea non management layers / informality /speed
Manage the business like a corner shop - customer satisfaction / cash flow
Growth and 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 Servic.
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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

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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 Module
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.
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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
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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.
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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.
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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.
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Claims Service Company of the Year 2013

Personal Lines Growth Leadership Award Year 2013

General Insurance Provider of the Year

General Insurance Provider of the Year at the Money Today FPCIL Awards 2012.
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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.
Best Contribution on Investor Education and Category Enhancement

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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.
Summary of Plan and Products
(A)
Life insurance
(1) Bajaj Allianz Term Insurance Plans
iSecure Term Insurance
iSecure More
Life Secure
Life Style Secure
(2) Saving plan
Save Assure
Guarantee Assure
Cash Assure
(3) Investment Plan
Elite Assure
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Fortune Gain
Cash Assure
(4) Retirment Plan
Pension Guarantee
Retire Rich
(5) ULIP Plan
Fortune Gain
Future Gain
(6) Child Plan
Lifelong Assure
Young Assure
(7) CSC Bachat Plus Plan
(B)
General insurance
(1) Car insurance
(2) Two Wheeler and Bike insurance
(3) Travel insurance Plan
Travel insurance for Individuals

Travel insurance for Family
Travel insurance for Senior Citizens
Travel insurance for Students
(4) Health insurance
Health Guard individual policy

Health Guard family floater option
Extra Care
Premium personal guard policy
Page 15
Health insurance critical illness

(5) Home insurance
My home insurance
House Holders package policy
(A.) Life insurance

1.)
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:
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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
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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
Maximum Entry Age
Minimum Sum Assured
Maximum Sum Assured
Policy Term
Minimum Installment
Premium
18 years
60 years
Rs.250,000
for
general
category
and
Rs.20,00,000 for the categories split by Preferred Non-Smoker 1 ,
Non-Smoker1 & Smoker
No Limit
10, 15, 20, 25 & 30 years
HalfSum Assured
Yearly
Quarterly Monthly*
Yearly
Less
than
Rs.1000 Rs.500 Rs.250
Rs.100
Rs.2,000,000
Greater than or
equal
to Rs.3000 Rs.1500 Rs.750
Rs.250
Rs.2,000,000
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Parameter
Eligibility
Minimum Maturity Age
Maximum Maturity Age
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#
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< = 40
41 to 50
5%
3%
> = 51
1%
< = 40
Age of Older Life Assured

applicable to the individual lives
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Sum Assured
Maximum Sum Assured
Policy Term
Minimum Installment Premium
41 to 50
> = 51
Eligibility
18 years
60 years
Rs. 2,50,000
No Limit (subject to the Sum Assured multiples)
10, 15, 20 & 25 years
Rs. 1,500 per yearly installment
Rs. 750 per half-yearly installment
Rs. 400 per quarterly installment
Rs. 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

Maximum Maturity Age
28 years
70 years
Sum Assured Multiples

Sum Assured Band
Multiple
Upto Rs. 4,00,000
Rs.50,000
Rs. 4,00,000 - 45,00,000
Rs.1,00,00
0
Rs. 45,00,000 and above
Rs.5,00,00
0
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.
Page 20
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
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

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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)

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.
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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.
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
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Policy 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
High Sum Assured Rebate applicable for Sum Assured band
Option
I
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
II
Rs. 2,00,00,000
above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of
III
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
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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

Parameter
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
Installments Yearly
HalfYearly
Rs
18,727 9,547
36,720
Quarterly Monthly
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.
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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?

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
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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
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Parameter
Eligibility
Minimum Entry Age

18 years
Maximum Entry Age
50 years
Minimum Age at Maturity 23 years
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
2.)
Savings Plans
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Quarterly Monthly
381
132
5,319
1,841
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
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
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How Does Your Plan Work?

Step 1: Choose your Sum Assured
Step 2: Choose your Policy Term
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
Policy Term
15 & 17 years
Premium Paying Term
Policy term selected less than 5

years
Frequency
Yearly
Minimum Premium
Policy
Policy
Term 15 Term 17
Rs.8,140
Rs.6,620
Half-Yearly Rs.5,000
Rs.4,200
Quarterly
Rs.2,100
Rs.2,500
Monthly** Rs.1,000
Rs.800
Maximum Premium
No Limit
Minimum Sum Assured
Rs. 100,000
Maximum Sum Assured
No Limit
Yearly, Half Yearly, Quarterly and

Monthly**
Maturity Benefit
Page 30
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 105%
premium***
Equal to or greater 7
times
of
premium*** paid
annualised 105%
of
total 115%
of
sum
of
sum
assured
total 115%
than 45
premium***
premium*** paid
assured
*** Annualised premium and total premium taken are excluding any extra premium and/or any
service tax and cess on premium.
Guarantee Assure
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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, 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
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?

Step 2: Choose your Policy Term(PT)
Page 32
Am I Eligible?
Eligibility
Details
Minimum Entry Age
9 year
Maximum Entry Age
60 years
18 years
69 years
Policy Term
7, 8 & 9 years
Premium Paying Term
5 years
Minimum Premium
Frequency Yearly
HalfYearly
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
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
8 Years
9 Years
Death Benefit
Page 33
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.
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

Page 34
Special rates for female policyholders
How Does your Plan Work?

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
4th
8th
12th
PT 20 years
5th
10th
15th
PT 24 years
6th
12th
18th
PT 28 years
7th
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
15% of Sum
Money Back (%)
Assured
20 years
20% of Sum
Assured
Page 35
24 years
25% of Sum
Assured
28 years
30% of Sum
Assured
Policy Term
Maturity Benefit
16 years
20 years
24 years
28 years
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
Minimum Entry Age
Maximum Entry Age
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
Premium Payment
Yearly, Half yearly, Quarterly and Monthly**
Frequency
**The monthly mode will be allowed only under the salary deduction scheme and ECS
Page 36
3.)
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.

Page 37

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)
Policy
Term
(years)
15
10
15
20
25
30
20
25
30
20
25
30
15
20
25
30
15
Guarantee
d Loyalty 3%
Additions
3%
3%
3%
7%
7%
7%
7%
15% 15%
15%
15%
Total
Guarantee 18
d Loyalty %
Additions
33
%
48
%
63
%
42
%
77
%
112
%
147
%
90
%
240
%
315
165
%
Death Benefit
policy term, the death benefit payable will be Sum Assured on Death1 plus Guaranteed Loyalty
Page 38
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
Eligibility Condition
Eligibility
Parameter
Minimum Entry Age
0 year
Maximum Entry Age
55 years
18 years
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
Sum Assured
10 times of Annualized Premium
Guaranteed Maturity Benefit (GMB
Minimum
Maximum - No Limit
Yearly, Half yearly, Quarterly and Monthly#
#The monthly mode will be allowed only under salary deduction scheme and ECS
Page 39
Eligibility
Parameter
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.
Advantages
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).
Page 40
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 inforce.
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
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.
Page 41
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.
Page 42
Eligibility table
Parameter
Details
Minimum Entry Age
1 year
Maximum Entry Age
63 years
18 years
70 years
Minimum Policy Term
7 years
Maximum Policy Term
30 years
Minimum Single Premium
Rs. 50,000
Maximum Single Premium
No Limit
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
X * single premium, where X is based on age at entry and
Policy term as mentioned below
Age at entry
Policy Term
1 - 20 21 - 30 31 - 35 36 - 44 45 above
Maximum Sum Assured
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 Assured
Less than 45 years
on Top up Premium
Greater than or equal to 45
years
Page 43
Top-Up Sum Assured

Multiplier
1.25 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.
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

Page 44
How Does your Plan Work?

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
60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any
Page 45
Policy Term
16 years
20 years
24 years
28 years
Benefit
Death Benefit
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
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

Page 46
Parameter
Details
years younger male
Maximum Premium
Minimum Sum Assured
Maximum Sum Assured
4.)
As per the Sum Assured chosen

Rs. 1,00,000
Subject to underwriting
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
Page 47
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 annuityThe 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
thereafter-
Option 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.
Page 48
Option
Detail
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 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.
Joint Life Last Survivor with 100% of annuity to spouseOption F
The annuity is paid to the annuitant and/or spouse as long as at least

one of them is alive.
Important details
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
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)
Page 49
Parameter
Detail
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 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.
Page 50
benefits
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

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 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
Page 51
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.
Page 52
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
For premium less than For
Term
premium
of
Rs.
For
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:

Death benefit under your plan will terminate immediately
Page 53
Premium
Payment option
Rs. 10,00,000
Single
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 value

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:
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
1/2
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)
Page 54
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%
5.)
ULIP plan
Page 55
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 advantage
Holding Period
Non-Equity Funds
Equity Funds
ULIPs
15%
Tax rate applicable to
investor
Less than 1 year

Over 1 year but less
than 3 years
Nil
Nil
No tax on switching from

one fund option to another.
Partial withdrawals
(allowed after 5 years) and
maturity corpus is tax-free.
20% after indexation
Over Three years

Domestic
equity funds
and equityoriented hybrid
funds.
Includes all other funds

(debt, liquid, MIPs, fund of If life cover is 10 times the
funds, gold funds, global
annual premium
funds).
Page 56
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!
Advantages
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
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)
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 inforce.
Page 57
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].
during the two year period immediately preceding the death of the life assured.
single premium fund after attaining age 60.
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.
Page 58
Single Premium
Policy Term
50,000 to 99,999
100,000 & above
7 to 10
Nil
Nil
10 to 30
Nil
3%
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 Entry Age
1 year
Maximum Entry Age
63 years
18 years
70 years
Minimum Policy Term
7 years
Maximum Policy Term
30 years
Page 59
Parameter
Details
Minimum Single Premium
Rs. 50,000
Maximum Single Premium
No Limit
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
X * single premium, where X is based on age at entry and
Policy term as mentioned below
Policy Term
Maximum Sum Assured
Age at entry
1 - 20 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
Top-Up
Sum
Multiplier
Age
Assured
Minimum & Maximum Sum

Less than 45 years
Assured on Top up Premium
Greater than or equal to 45
years
Page 60
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.
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)

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.
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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;
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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.
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.
shall be reduced to the extent ofthe partial withdrawals made from the regular premium fund
regular premium fund after attaining age 60.
purpose
Am I Eligible?
Parameter
Details
Minimum Entry Age
1 year
Maximum Entry Age
60 years
18 years
70 years
Minimum Policy Term
10 years
The policy term will be as follows
Maximum Policy Term
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

Frequency
Minimum Premium
(Modal Premium)
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.
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Parameter
Details
Maximum Premium
Frequency
Yearly
Half-yearly
Quarterly Monthly
Premium (in Rs.)
12,00,000
6,00,000
3,00,000
Yearly, Half Yearly, Quarterly and Monthly

Age
Minimum Sum Assured
1,00,000
Higher of
Less than 45 years
10 times Annualized 0.5 * Policy term *

Premium
Annualized Premium
Greater than or
equal to 45 years
7 times Annualized
Premium
0.25 * Policy term *

Annualized Premium
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)
X* Annualized Premium, where X is based on age at entry and Policy
term as mentioned below
Policy Term/
1 - 35
Age at entry
36 - 40
41 - 44
45 - 50
51
above
10 & 15
15
15
10
10
Minimum
SA
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
SA
SA
Maximum Sum Assured
Minimum & Maximum Sum

Assured on Top up Premium
&
NA
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
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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
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
Fund
Management
Charge (FMC)
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
Discontinuance
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.
Where the policy is
discontinued during
the policy year
1
Discontinuance charge for

the policies having
annualized premium up to
Rs. 25000/Lower of 20% * (AP or FV)
subject to maxi - mum of
Page 65

the policies having
annualized premium above
Rs. 25000/Lower of 6% * (AP or FV)
subject to maximum of
Charges
Details
Where the policy is
discontinued during
the policy year

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

the policies having
annualized premium above
Rs. 25000/-
Rs.3,000
Rs.6,000
Lower of 15% * (AP or FV)

Rs.2,000

subject to maximum of Rs.
5,000

Rs.1,500

subject to maximum of Rs.
4,000

Rs.1,000

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 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 substandard 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:
Mortality Charge
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
6.)
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,
Page 66
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.
Page 67
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.
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.
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.
Page 68
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.
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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.
Advantages
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
Page 70
Step 2: Choose your Premium Payment Term
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

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
Page 71
Cash Installment Options

Cash Installment
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
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.
Page 72
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.
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
28 years
60 years
Premium
Based on GMB chosen, age, policy term, premium payment term

and premium payment frequency
Page 73
Parameter
Details
years younger male
10 times Annualized Premium#
# Annualized Premium is exclusive of extra premium, rider
premium, service tax &cess, if any.
Sum Assured
Minimum - Rs 1,00,000
Guaranteed Maturity Benefit (GMB) Maximum - No Limit
GMB is as chosen by you
Policy Term
Policy Term & Premium Payment
Term Years
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.
7.)
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.
Advantages
Offers Guaranteed Interest Rate (GIR)
Offers Guaranteed Additional Interest Rate (AIR)
Option for Partial Withdrawals
Option to alter premium payment frequency
Maturity Benefit
Page 74
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
Details
14 years
55 years
65 years
Age greater than or equal to 45
years
Age less than 45 years

Sum Assured Multiplier
Total Sum Assured

under all Policies
Policy Term
Premium Paying Term
Premium
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
Regular Premium
Mode
Yearly
Page 75
Halfyearly
Quarterly Monthly
Parameter
Details
Regular Premium
Mode
Maximum (in Rs.)
Premium payment
Frequencies
Halfyearly
Yearly
20,000
10,000
Quarterly Monthly
5,000
1,665
Yearly, Half-Yearly, Quarterly and Monthly#
The monthly mode will be allowed only under the salary deduction scheme and ECS
(B.) General insurance

(1.) Car Insurance
Your car insurance policy is the most important document in your vehicle. Millions of car owners
across India trust Bajaj Allianz to insure their car. Along with comprehensive coverage against
physical damage, bodily injury and cover againts third-party liability, your motor insurance
brings to you confidence and peace of mind. All this is backed by our superior claims servicing
capability and fast settlement record for vehicles insured by us.
Cashless settlement in over 1500 preferred workshops
Hassle free claim settlement

Page 76
Quick and easy online purchase process
24x7 claims support
What is Covered?
Loss or damage to your car and two-wheeler against natural calamities

Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest,
inundation, cyclone, hailstorm, frost, landslide and rockslide.
Loss or damage to your car and two-wheeler against man-made calamities

Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any
damage in transit by road, rail, inland waterway, lift, elevator or air.
Personal Accident Cover

Coverage of Rs. 1 lakh for the individual owner/driver of the vehicle while driving or travelling
and mounting or dismounting from the two-wheeler. Optional personal accident covers for copassengers available.
Third Party Legal Liability

Protection against legal liability due to accidental damages resulting in the permanent injury or
death of a person, and damage caused to the surrounding property.
Claims Process
Step 1: Send your Vehicle for Repair
In case of an accident, take your vehicle to the garage (if movable) or have it towed to avoid
further damage.
For Theft Claims :
In case of a theft claim, file a police complaint immediately in writing and inform us on our
Toll Free Number - 1800-209-5858.
If your vehicle isn't found within 90 days, ask the police to issue you a Non-Traceable Report.
This is an undertaking given by the police that they are yet to find your vehicle; you need to
submit this report to us. We start the claim process after this.
Page 77
Important To-Dos:
Please read our section on Claim FAQ to understand benefits of Cashless claims and
important things to keep in mind while making claims.
Step 2:-Register your claim

Register your claim by calling us on our Toll Free Number: 1800-209-5858
You will need to provide the following information to the customer support executive:
Contact number
Engine and Chassis Number
Accident date and time
Description and location of the accident
Vehicle inspection address
Km. reading
Once the claim is registered, the customer support executive will provide you with a Claim
Reference Number.
You will be updated through SMS on every stage of the claim OR you can call on our
Toll Free Number - 1800-209-5858 and quote the Claim Reference Number to know the status
of your claim
Step 3: Survey and Claim Settlement

Documents Required: Submit the copy of documents to the garage / dealer and get it verified
with the originals.
For Accident Claims
Claim form duly signed by the insured*
RC copy of the vehicle
Page 78
Driving license copy**
Policy copy (first two pages)
FIR
Original estimate
Original repair invoice, payment receipt (for cashless garage - only repair invoice)
For Theft Claims
RC copy of the vehicle with all original keys
Original policy copy
Original FIR copy of the complete theft report
RTO transfer papers duly signed along with Form numbers 28, 29, 30 and 35 (if
hypothecated)
Final report - A no-trace report from the police saying that the vehicle cannot be located
For Third Party Claims
Police FIR copy
Policy copy
RC copy of the vehicle
Stamp required in case of company registered vehicle's original documents
Spot Settlement: If the loss is not much, we suggest that you avail spot settlement of claims
through Bajaj Allianz Mobile Settlement Service.
Page 79
Claim Settlement:
After completion of repair at a preferred garage we will make payment of the loss
directly to the garage.
You will only have to pay the excess as mentioned in the policy and the depreciation
value, salvage etc. as in
formed by the surveyor.
(2.) Two Wheeler and Bike Insurance

Your two-wheeler is about freedom and the Bajaj Allianz two-wheeler insurance policy has been
designed to set you free. Our comprehensive two wheeler insurance and bike insurance policy
provides hassle-free protection to your bike or scooter against physical damage, theft and third
party liability.
With your two wheeler insurance, you get:
Hassle-free claim settlement
Quick and easy steps to purchase bike insurance online
24x7 claim support
What is Covered?
Loss or damage to your two wheeler against natural calamities: Your bike insurance
policy covers fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane,
storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.
Loss or damage to your two wheeler against man-made calamities: Burglary, theft,
riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by
road, rail, inland waterway, lift, elevator or air is covered by two wheeler insurance.
Personal Accident Cover: With bike insurance, getcoverage of Rs.1 lakh for the
individual owner/driver of the vehicle while driving or travelling and mounting or dismounting
Page 80
from the two wheeler. Optional personal accident covers for co-passengers available with our
two wheeler insurance.
Third Party Legal Liability: Protection against legal liability due to accidental damages
resulting in the permanent injury or death of a person, and damage caused to the surrounding
property.
Claims Process
Step 1: Send your Two Wheeler for Repair

If you send your vehicle to a preferred garage for repairs, you will be able to avail cashless
facility. To locate a preferred garage, click here
For Theft Claims:In case of a theft claim, file a police complaint immediately in writing and
inform us onour Toll Free Number: 1800-209-5858.
Step 2: Register your claim

Register your two wheeler insurance claim by calling us on our Toll Free Number: 1800-2095858 and give us some basic information. You will be then provided a two wheeler insurance
claim reference number.
Step 3: Survey and Claim Settlement

Submit a copy of your documents to the garage/dealer and get it verified with the originals. After
completion of repair at the preferred garage we will make the payment directly to the garage.
What is not covered?
Normal wear and tear and general ageing of the vehicle.
Mechanical/electrical breakdown.
Vehicles being used otherwise than in accordance with limitations as to use.
Damage to/by a person driving any vehicles without a valid license.
Damage to/by a person driving the vehicle under the influence of drugs or liquor.
Loss/damage due to war, mutiny or nuclear risk.
Page 81
Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the
same time, in which case the liability of the company shall be limited to 50% of the cost of
replacement.
(3.) Travel Insurance Plans

Travel Insurance for Individuals
Why do I Need Travel Insurance?

Travelling abroad to a foreign land entails a lot of risk. Medical expenses in foreign currency and
hospitalization can be prohibitively expensive. Our travel policy covers you for all medical
eventualities for just a fraction of the amount you would otherwise need.
Covers expenses of hospitalization, loss of baggage and other incidental expenses
Covers you against trip cancellation, trip curtailment and burglary of your home*
Quick disbursement of claims
Global expertise matched with local knowledge
Innovative packages to match individual needs
Only insurance company with in-house international toll-free numbers and fax numbers
Page 82
Travel companian plan
Coverages
Medical Expenses,Evacuation
and Repatriation
Emergency dental pain relief
included in (I) above
Loss of Checked Baggage
Per baggage maximum 50% and per
item in the baggage 10%
Delay of Baggage
Personal Accident
Only 50% of the Sum Assured in
respect of the death of the insured
person below the age of 18 years
Loss of passport
Personal Liability
Travel Care
Benefit in US$
Hijack
Trip Delay
Emergency Cash Advance****
Cash advance would include
delivery charges
Golfer Hole-in-one
Travel Secure
Benefit in US$
Travel Value
Benefit in US$
50,000
2,00,000*
5,00,000
500
500
500
250**
1,000**
1,000**
100
100
100
10,000***
25,000***
30,000***
250
1,00,000
$ 50 per day to
maximum $ 300
250
250
2,00,000
2,00,000
$ 50 per day to $ 50 per day to a
maximum $ 300 maximum $ 300
$ 20 per 12 hrs.
$ 20 per 12 hrs. 12
12 hrs. maximum
hrs. maximum $120
$120
500
1000
1,500
250
500
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum
assured in respect of the death of the insured person below age of 18 years **** Cash Advance
Would include delivery charges.
Page 83
Travel prime plan
Super
Maximum
Deductible
Platinum
7.5 Lakhs
10 Lakhs
50,000 USD 2 Lakhs USD5 Lakhs USD
USD
USD
Silver
Coverages
Personal
Accident*
Medical
Expenses and
Evacuation
Emergency
Dental Pain
Relief
included in
above limits
Repatriation
Loss of
Checked
Baggage**
Accidental
Death &
Disability
(Common
Carrier)
Loss of
Passport
Personal
Liability
Gold
Platinum
15,000 USD 25,000 USD 25,000 USD 25,000 USD 25,000 USD Nill
50,000 USD 200,000 USD 500,000 USD 750,000USD
1,000,000
USD
100 USD
500 USD
500 USD
500 USD
500 USD
500 USD
100 USD
5,000 USD
5,000 USD
5,000 USD
6,000 USD
6,500 USD
Nil
500 USD
1,000 USD
1,000 USD
1,000 USD
1,000 USD
Nil
2,500 USD
5,000 USD
5,000 USD
5,000 USD
5,000 USD
Nil
250 USD
250 USD
250 USD
300 USD
300 USD
25 USD
100,000 USD 200,000 USD 200,000 USD 250,000 USD 250,000 USD 100 USD
50 USD per
day
Hijack cover
to max 300
USD
25 USD per
12 hrs
Trip Delay
to max 120
USD
20 USD per
Hospitalizatio
day
n Daily
to max 100
Allowance
USD
Golfer's Hole250 USD
in-one
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
Nil
to max 360
USD
30 USD per
12 hrs
12 Hrs
to max 180
USD
25 USD per
day
Nil
to max 125
USD
500 USD
500 USD
500 USD
500 USD
Page 84
Nil
Trip
500 USD
Cancellation
Trip
200 USD
Curtailment
Delay of
Checked
100 USD
Baggage
Home
Burglary
INR 100,000
Insurance
Emergency
Cash
500 USD
Benefit***
Missed
100 USD
Connection
Difference in
Airfare due to
500 USD
delayed or
early return
Bounced Hotel500 USD
PA Cover in
INR 50,000
India
1,000 USD
1,000 USD
1,000 USD
1,000 USD
Nil
300 USD
500 USD
500 USD
500 USD
Nil
100 USD
100 USD
100 USD
100 USD
12 Hours
INR 200,000 INR 300,000 INR 300,000 INR 300,000 Nil

1,000 USD
1,000 USD
1,500 USD
1,500 USD
Nil
100 USD
100 USD
100 USD
100 USD
12 Hours
500 USD
500 USD
500 USD
500 USD
Nil
500 USD
500 USD
500 USD
500 USD
Nil
INR 50,000 INR 50,000 INR 50,000 INR 50,000 Nil
Travel Insurance for Family

Policy Benefits:
What if I am in Urgent Need of Cash Abroad?
One of the important features of our travel policies is Emergency Cash Advance. It is an
assistance service wherein the company facilitates providing emergency cash to the insured
during incidents such as theft/burglary of luggage/money or hold ups by co-coordinating with the
Page 85
insured person's relatives in India to provide emergency cash assistance to the insured person as
per his requirement, up to the limit specified in the policy schedule.
Any Other Special Features?
The Golfer's Hole-in-one is a sporting gesture from the company. It offers reimbursement of
expenses incurred in celebrating a hole-in-one by the insured during the trip, anywhere in the
world (excluding India), in a United States Golfers' Association recognized golf course. This
cover is provided in Travel Companion.
Travel Elite also provides a Golfer's Hole-in-One cover. In addition to this, it covers you against
burglary of your home while you are away, along with expenses incurred in the event that your
trip is cancelled or curtailed.

Coverages
Benefits in US $
Medical Expenses, Evacuationand
50000
Repatriation
Emergency dental pain relief included in (I)
500
above
Loss of Baggage (Checked)
Note: Per Baggage maximum 50 % and per
250**
item in the baggage 10 %.
Delay of Baggage
100
Personal Accident
Only 50% of the Sum assured in respect of the
10,000***
death of the insured person below age of 18
years
Loss of Passport
150
Personal Liability
2,000
assured in respect of the death of the insured person below age of 18 years
Page 86
Travel prime plan

Silver
Coverages
Benefit in US$
Medical
Expenses,Evacuation
50,000
and Repatriation
Emergency dental pain
relief
500
Personal Accident
Only 50% of the Sum
assured in respect of the
15,000***
death of the insured person
below age of 18
years
AD & D Common Carrier 2,500
Delay of Baggage
100
Loss of Checked Baggage
Per Baggage maximum 50
500**
% and per item in the
baggage 10 %.
$50 per day to max $
Hijack
300
$ 20 per 12 hrs to max
Trip Delay
$ 120
Personal Liability
1,00,000
Emergency Cash
Advance****
500
Cash Advance Would
include delivery charges.
Golfer Hole-in-one
250
Trip Cancellation
500
Home Burglary Insurance Rs.1, 00,000
Trip Curtailment
200
Hospitalization Daily
$25 per day to max
Allowance
$100
Loss of Passport
250
Gold
Benefit in US$
Platinum
Benefit in US$
2,00,000
5,00,000
500
500
25,000***
25,000***
5,000
100
5000
100
1,000**
1,000**

360
$ 180
2,00,000

360
$ 180
2,00,000
1,000
1,000
500
1,000
Rs.2, 00,000
300
$25 per day to max
$125
250
500
1,000
Rs.3, 00,000
500
$25 per day to max
$150
250
assured in respect of the death of the insured person below age of 18 years **** Cash Advance
Would include delivery charges.
Page 87
Travel Insurance for Senior Citizens

Policy Benefits:
What if I am in Urgent Need of Cash Abroad?
One of the important features of our travel policies is Emergency Cash Advance. It is an
assistance service wherein the company facilitates providing emergency cash to the insured
during incidents such as theft/burglary of luggage/money or hold ups by co-coordinating with the
insured person's relatives in India to provide emergency cash assistance to the insured person as
per his requirement, up to the limit specified in the policy schedule.
trip is cancelled or curtailed.
Travel Insurance Cancellation Procedure

BEFORE THE POLICY START DATE
The insured is expected to inform us and an E mail should be sent by the insured
requesting the cancellation.
He/she should furnish policy number or schedule number in the E mail.
Page 88
*There will be a Rs 250/- cancellation charges.
AFTER THE POLICY START DATE - IF THE INSURED HAS NOT TRAVELLED
Following documents should be sent to us:
Proof that the insured has not travelled overseas.
Photo copy or Scan copy of all the pages (including empty pages) of the passport.
Reason for policy cancellation.
Visa rejection letter in case of visa refusal by embassy.

*Based on the underwriters approval the policy will be cancelled within one working day after
receiving the email (and passport copy post start date).
AFTER THE POLICY START DATE - IF THE INSURED HAS TRAVELLED
In case of any early return of the insured person prior to expiry of the policy period,
the company will refund premium at the rates shown in adjacent table (subject to
no claims being incurred on the policy)

Coverages
Benefits in US $
Medical Expenses, Evacuation and Repatriation
Any one illness - liability limited to US $12,500.
Hospitalisation due to accident - max. liability -US $25,000.
*50,000
Overall max. liability under this head - US $ 50,000,
aggregate during the policy period. ++
Emergency dental pain relief included in (I) above
500
250*
Note: Per baggage maximum of 50% and per item in the
Page 89
baggage max 10%.

Delay of Baggage
Personal Accident
Loss of passport
Personal Liability
100
25,000
250
1,00,000
$ 50 per day to a
maximum $ 300
-
Hijack
Trip Delay
Emergency Cash Advance++
Cash advance would include delivery charges.
Golfer Hole-in-one
500
250
*Per baggage maximum of 50% and per item in the baggage max 10%. + Any one illness liability limited to US $12,500. Hospitalisation due to accident - max. liability -US $25,000.
Overall max. liability under this head - US $ 50,000, aggregate during the policy period. ++Cash
advance would include delivery charges.
Travel Elite 61 above

Silver
Coverages
and Repatriation
Gold
Benefit in US$
50,000
Platinum
Benefit in US$
Benefit in US$
2,00,000
5,00,000
Emergency Dental Pain Relief

500
included in (I) above.
500
500
Personal Accident
15,000
25,000
25,000
AD &D Common Carrier
2,500
5,000
5,000
1,000
1,000
Loss of Baggage (Checked) **

Note: Per Baggage maximum
500
50 % & per item in the baggage
10 %.
Page 90
Delay of Baggage
100
100
100
Loss of Passport
250
250
250
Hijack
$50 per day to max

$60 per day to max $ 360 $60 per day to max $ 360
$ 300
Trip Delay
$ 20 per 12 hrs to
max $ 120
$ 30 per 12 hrs to
max $ 180
$ 30 per 12 hrs to
max $ 180
Personal Liability
1,00,000
2,00,000
2,00,000
Emergency Cash Advance****

Note: Cash Advance Would
500
include delivery charges
1,000
1,000
Golfer Hole-in-one
250
500
500
Trip Cancellation
500
1,000
1,000
Home Burglary Insurance
Rs.1, 00,000
Rs.2, 00,000
Rs.3, 00,000
Trip Curtailment
200
300
500
Hospitalization Daily
Allowance
$25 per day to max

$25 per day to max $125 $25 per day to max $150
$100
Special Conditions (limit of

liability)
Any one illness
12,500
15,000
17,500
Any one accident
25,000
30,000
35,000
**Per Baggage maximum 50 % and per item in the baggage 10 %. **** Cash Advance Would include
delivery charges
Travel Insurance for Students

Page 91
trip is cancelled or curtailed. Besides these, it carries two Special Condition covers for any one
illness and any one accident, for senior citizens.
What are the Exclusions Applicable to Travel Policies?

Any medical condition or complication arising from it which existed before the
commencement of the policy period, or for which care, treatment or advice was sought,
recommended by or received from a physician.
Routine physical or other examination where there is no objective indication of

impairment of normal health.
Medical expenses beyond the expiry of the policy period.
Suicide, attempted suicide or willfully self-inflicted injury or illness, mental disorder,

anxiety/stress/depression/nervousness having no underlying physical illness as a cause; venereal
disease, alcoholism, drunkenness or the abuse of drugs.
Manual work or hazardous occupation, self-exposure to needless peril (except in an

attempt to save human life), engaging in any criminal or illegal act.
Pregnancy, resulting in childbirth, miscarriage, abortion, or complication arising out of

any of the foregoing.
Experimental, unproven or non-standard treatment.
Treatment by any other system other than modern medicine (also known as Allopathy).
The cost of spectacles, contact lenses, hearing aids, crutches and all other external
appliances and/or devices whether for diagnosis or treatment.
Delay of baggag e when the intended destination is in India.
Page 92
Loss or damage to the insured's passport as a result of the confiscation or detention by

customs, police or any other authority.
Loss which is not reported to the appropriate police authority within 24 hours of the
discovery of the loss, and in respect of which an official report has not been obtained.
Loss caused by the insured's failure to take reasonable steps to guard against the loss of
passport.
Study companion plan

Standard
Coverages
Benefit in US$
Medical
Expenses,Evacuation 50,000
and Repatriation
Emergency dental
pain relief
500
Tuition Fee
10,000
Personal Accident
Only 50% of the
Sum assured in
respect of the death 50,000
of the insured person
below age of 18
years
Loss of Baggage
(Checked)
Per baggage
1,000
maximum 50% and
per item in baggage
maximum 10%
Accident to Sponsor 10,000
Family Visit
7,500
Personal Liability 1,00,000
Silver
Benefit in US$
Gold
Benefit in US$
1,00,000
2,00,000
500
500
10,000
10,000
50,000
50,000
1,000
1,000
10,000
7,500
1,00,000
10,000
7,500
1,00,000
The Student Elite Plan is a customized insurance policy for students travelling abroad.It covers
your trip abroad as well as takes
Student Elite plan

Page 93
Coverages
and Repatriation
Emergency dental pain relief
Personal Accident
AD &D Common Carrier
Per baggage maximum 50% and
per item in baggage maximum
10%
Bail Bond Insurance
Tuition Fee
Accident to Sponsor
Family Visit
Personal Liability
Standard
Benefit in US$
Silver
Gold
Benefit in US$
Benefit in US$
50,000
1,00,000
2,00,000
500
500
500
25,000
2,500
25,000
2,500
25,000
2,500
1,000
1,000
1,000
500
10,000
10,000
7,500
1,00,000
500
10,000
10,000
7,500
1,00,000
500
10,000
10,000
7,500
1,00,000
(4.) Health Insurance

Complete Health Insurance for You
Bajaj Allianz's Health Guard Individual option plan is designed to suit all your health
care needs. It takes care of the expensive medical treatment incurred during
hospitalization resulting from serious illness or accident.
Your health is precious to you - it enables you to live your life the way you please. But a
sudden illness or accident can put a stop to your way of living and empty your savings.
Protect yourself with the Bajaj Allianz Health Guard (individual option) - an all-round
policy that covers you against medical expenses including hospitalization, in the event
Page 94
that you fall ill or have an accident. Now you don't ever have to worry about not having
enough money for treatment in case things go wrong.
Coverage
The policy covers hospitalization expenses for you.
You will have access to cashless facility at over 4000 empanelled hospitals across India.
(subject to exclusions and conditions)
Pre and post hospitalization expenses covers relevant medical expenses incurred 60 days
prior to and 90 days after hospitalization.
Covers ambulance charges in an emergency subject to a limit of Rs 1000.
130 daycare procedures are covered subject to terms and conditions.
What Benefits
Family discount of 10% is applicable.
10% cumulative bonus benefit for each claim free year, maximum up to 50%. cumulative
bonus would be passed if continuously renewed with us.
No medical tests upto 45 years, subject to clean proposal form.
Medical tests (pre-policy check-up) are mandatory for members aged 46 years and above.
The pre-policy check up would be arranged at our empanelled diagnostic centers.
100% cost of pre-policy check-up would be refunded if the proposal is accepted and
policy is issued.
In case the member opts for hospitals besides the empanelled ones, the expenses incurred
by him shall be reimbursed within 14 working days from submission of all documents.
Free Health check-up at designated Bajaj Allianz diagnostic centers at the end of 4
continuous claim-free years.
Page 95
Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.
Free Look Period: If you would not be satisfied with the coverage, and terms and
conditions of the policy, you have the option of canceling the policy within 15 days of receipt of
the policy documents, provided there has been no claim.
Due to unavoidable reasons, sometimes dates get pushed back a little. That's why you
now have a grace period of 30 days for renewing your existing Bajaj Allianz policy. The policy
will be considered as continuous for all the waiting periods.
Now you will no longer be charged higher premium if there has been a claim in the
previous policy!
Health Guard Individual Policy

Eligible
Entry age for proposer/ spouse is 18 years to 65 years; with lifetime renewing option*.
Children aged 3 months to 25 years can be covered under this policy.

* Please see the brochure for more details.
How does the Health Guard policy benefit me?
In these times of rising medical costs, Bajaj Allianz's Health Guard Policy is the perfect Health
protection for you and your family. It takes care of the expensive medical treatment incurred
during hospitalization resulting from serious accident or illness. The policy covers pre and post
hospitalization expenses and also ambulance charges in case of an emergency (subject to a limit
of Rs. 1000/-)
Page 96
Are There Any Exclusions
A waiting period of 4 years will be applicable in the case of pre-existing diseases.
Any disease contracted during the first 30 days of commencement of the policy will be
excluded from coverage.
Certain diseases such as hernia, piles, cataract (liability restricted upto 10% of SI, max.
upto Rs.35,000) and sinusitis shall be covered after a waiting period of 2 years.
Treatment consisting of non-allopathic medicine will not be covered.
Congenital external are excluded permanently. Congenital internal have waiting period of
4 years(if disclosed at the time of proposal and policy acceptance)
Cosmetic, aesthetic or related treatments will not be covered.
Treatment will not be covered for use of intoxicating and/or addictive substances like
alcohol, drugs etc.
Joint replacement surgery (other than due to accidents) shall have a waiting period of 4
years before it is covered.
Health Guard Family Floater Option

Coverage
Medical Expenses During Hospitalization:
Page 97
We will pay the medical expenses, which are the reasonable charges that You necessarily incur on
the advice of a Doctor, as an in-patient in a Hospital for accommodation; Boarding Expenses
including patients diet as provided by the hospital/ nursing home ; nursing care; the attention of
medically qualified staff; undergoing medically necessary procedures; medical consumables.
Pre and Post hospitalisation expenses

Pre-hospitalization: We will pay the expenses incurred, in respect of the medical
treatment of an Illness during the consecutive 60-day period immediately preceding Your
admission to Hospital for that Illness, provided that the aforesaid 60 day period commences
and ends within the Policy Period.
Post-hospitalization: We will pay the expenses incurred, in respect of medical
treatment and essential investigations for a period of upto 90 days after discharge from a
Hospital for medical treatment related to the Illness or Accidental Bodily Injury.
*However in case of renewed policies the pre-hospitalisation period may fall in the previous
policy period.
Emergency Ambulance Charges:
If a claim is accepted, we will also pay the reasonable cost to a maximum of Rs 1000 per valid
hospitalization claim for transferring you / your family members named in the schedule to or
between Hospitals in the hospital's ambulance or in an ambulance provided by any ambulance
service provider.
Medical Check-up:
At the end of every continuous period of 4 years during which you have held Our Health Guard
Family Floater policy without making a claim you / your family members named in the schedule
may apply to us for a free medical check up This beneft also foats over the family member(s)
covered under the policy.
Benefits
Cumulative bonus of 10% to your Limit of Indemnity for every claim free year.
Page 98
10% cumulative bonus benefit for each claim free year, maximum up to 50%. cumulative
bonus would be passed in case policy is continuously renewed with us.
No medical tests upto 45 years, subject to clean proposal form.
Medical tests (pre-policy check-up) are mandatory for members aged 46 years and above.
The pre-policy check up would be arranged at our empanelled diagnostic centers.
100% cost of pre-policy check-up would be refunded if the proposal is accepted and
policy is issued.
In case the member opts for hospitals besides the empanelled ones, the expenses incurred
by him shall be reimbursed within 14 working days from submission of all documents.
Health check-up at designated Bajaj Allianz diagnostic centers or reimbursement upto

Rs.1000/- at the end of 4 continuous claim-free years. This benefit can be availed by only one
member of the family.
Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.
will be considered as continuous.
130 Day Care Procedures are covered under the policy.
previous policy!
Are There Any Exclusions?
There shall be a waiting period of 4 years for pre-existing diseases.
All diseases/injuries existing at the time of proposing this insurance.

Page 99
Any disease contracted during the first 30 days of commencement of the policy.
Certain diseases such as hernia, piles, cataract (liability restricted upto 10% of SI, max.
upto Rs. 35,000), sinusitis shall be covered after a waiting period of 2 years.
Non-allopathic medicine.
Congenital external are excluded permanently. Congenital internal have waiting period of
4 years(if disclosed at the time of proposal and policy acceptance)
All expenses arising from AIDS and related diseases.
Cosmetic, aesthetic or related treatment.
Use of intoxicating drugs and alcohol.
Joint replacement surgery (other than due to accident shall have a waiting period of four
years).
Save Tax with Health Insurance

It's common knowledge that buying health insurance helps you to save tax. Under Section 80D
of the Income Tax Act 1961, you can get a maximum tax benefit of Rs.15000 on health insurance
premium paid. The exemption limits are as follows:
An individual can avail an annual deduction of Rs.15000 from taxable income for health
insurance premium paid for self and dependants. 'Dependents,' in this case, refers to spouse and
children.
In the case of senior citizens (aged 60 years and above), the annual deduction from
taxable income goes up to Rs.20000.
But here's a tidbit that might help you save more tax than you think:
If you are paying the premium for your parents' health insurance, you can claim an
additional tax benefit up to Rs.15000 under the provisions of Section 80D.
S.K.School of Business Management Page 100
If your parents are senior citizens (aged 60 years and above), the benefit goes up to
Rs.20000.
However, there are a few conditions:
You cannot claim tax benefit on health insurance premium paid for your in-laws.
Proof of payment of premium has to be furnished, in order to avail the tax benefit.
Except cash, any mode of payment is acceptable for claiming tax benefit.
The health insurance premium must be paid from your taxable income of that year only if
you want to claim a deduction.
*Tax benefits are subject to changes in tax laws.
Extra Care
If
the sum insured of your existing health insurance plan does not suffice for expenses due to illness or
accidents, the Extra Care health insurance policy takes care of the additional hospitalization expenses.
As health expenses increase, you may find that your base health insurance is no longer sufficient for your
needs. A serious illness or accident can require long term care and complicated treatment that can quickly
become expensive and exhaust your health cover. What do you do then? Bajaj Allianz Extra Care extends
your health insurance cover that ensures you do not run short of money if your health insurance policy
runs out. Secure yourself with Extra Care and never worry about medical expenses again.
Coverages
Medical Expenses: Covered upto the sum insured
Ambulance Charges: Up to Rs.3000/-.
Pre and Post Hospitalisation: Upto 60 and 90 days respectively.
Waiver for Pre-existing Diseases: After 4 years of continuous policy.
Floater Policy (upto 3 Children): Single sum insured for the whole family.
Continuity: Continuity for waiting periods will be given for any policy at any sum
insured.
Pre-Acceptance Medical Test: No test till 55 years of age for clean proposals.
Entry Age 3 months-70 years: Renewable for lifetime.
Affordable Premium: Starting at Rs.2500/-.
Benefits
Can be taken as an add-on policy with any health insurance policy.
Income tax benefit on the premium paid as per section 80-D of Income Tax Act as per
existing IT law.
Premium starting at Rs.2500 p.a with sum insured options of Rs.10, 12 or 15 lakhs.
This is a floater policy; thus there will be a single sum insured and single premium for the
whole family.
Competitive premium rates.
No medical tests up to 55 years of age, subject to a clean proposal form.
If would not satisfied with the coverage, and terms and conditions of the policy, you have
the option of canceling the policy within 15 days of receipt of the policy documents, provided
there has been no claim.
will be considered as continuous.
previous policy.
Eligible
Age of entry for proposer is 18 years to 70 Years; Renewable for lifetime.
Children from 3 months to 5 years can be covered if both the parents are insured with us.
Children from 6 years to 18 years can be covered if either of the parents is covered with
us.
Children from 18 years to 25 years can be covered as self-proposer or as dependents.
The primary member or the proposer can cover self, spouse and 3 children under this
policy
Dependent parents can also be covered under this policy, separate policy would be issued
to the parents.
The premium would be calculated as per the highest age of the family member.
Members covered under medical expenses (hospitalization) policy. This policy covers the
medical expenses in excess of the specified deductible amount.
Members who do not have any health policy can also opt for this policy; the expenses up
to the deductible limit (per hospitalization) would have to be borne by the member.
There Any Exclusions?
All diseases/illnesses existing prior to or at the time of proposing this insurance for a
period of 4 years.
Any diseases contracted during the first 30 days of inception of the policy.
Congenital diseases and disorders.
Non-allopathic medicine.
Joint replacement surgeries other than due to accident would have a waiting period of 4
years.
All expenses arising out of AIDS and related diseases.

Cosmetic and aesthetic treatments.
Use of intoxicating drugs or alcohol.
Any fertility, sub-fertility, impotence, assisted conception operation, or sterilization

procedure.
Deductible
Deductible means the amount stated in the schedule which shall be borne by the insured with
respect to each and every hospitalization claim incurred within the policy period. The company's
liability to make any payment for each and every claim under the policy is in excess of the
deductible. Each and every hospitalization would be considered as a separate claim. (Except
relapse within 45 days, which will be treated as the same claim.)
Deductible Table
Sum insured
Deductible Amount
10 lakh
3 lakh
12 lakh
4 lakh
15 lakh
5 lakh
If the claim amount is more than the deductible, the amount above the deductible amount will be
payable up to the sum insured you have opted for.
Premium Personal Guard Policy

Coverage
This policy covers the insured in case of Permanent Total Disability, Permanent Partial
Disability, Temporary Total Disability & Death
Hospital confinement allowance
Accidental Hospitalization Expenses
Value Added Service (VAS) partners providing discounts and special offers exclusively
for Bajaj Allianz Health Insurance customers
Tie-up with more than 4000 Hospitals and 1200 Diagnostic clinics across the country
Benefits
10% cumulative bonus benefit for each claim free year, maximum up to 50%. Cumulative
bonus would be passed if continuously renewed with us.
will be considered as continuous for all the waiting periods.
previous policy!
Eligible
Entry age for Proposer and Spouse is 18years to 65 years.
Dependent Children can be covered from 5years to 21years.
Are There Any Exclusions?
Accidental Bodily Injury that you met while:

o
Suicide, attempted suicide or self inflicted injury or illness.
Under the influence of liquor or drugs.
Arising or resulting from the insured person(s)
Committing any breach of law with criminal intent.
Engaging in aviation or ballooning, whilst mounting into, dismounting from or

travelling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in
any duly licensed standard type of aircraft anywhere in the world.
Participating as the driver, co-driver or passenger of a motor vehicle during motor
racing or trial runs.

As a result of any curative treatments or interventions that you carry out or have
carried out on your body.

Arising out of your participation in any naval, military or air force operations
whether in the form of military exercises maintained without a break or war games or actual
engagement with the enemy, whether foreign or domestic.
Your consequential losses of any kind or your actual or alleged legal liability.
Venereal or sexually transmitted diseases.
HIV (Human Immunodeficiency Virus) and/or any HIV related illness including AIDS
(Acquired Immune Deficiency Syndrome) and/or mutant derivatives or variations thereof
however caused.
Pregnancy, resulting childbirth, miscarriage, abortion, or complications arising out of any

of these.
War (whether declared or not), civil war, invasion, act of foreign enemies, rebellion,
revolution, insurrection, mutiny, military or usurped power, seizure, capture, arrest, restraint or
detainment, confiscation or nationalization or requisition of or damage by or under the order of
any government or public local authority.
Nuclear energy, radiation.
Health Insurance Critical Illness

Advantages of Critical Illness Plan
The Critical Illness health insurance plan has the following advantages
The benefit amount is payable once the disease is diagnosed meeting specific criteria and
the insured survives 30 days after the diagnosis.
The insured receives the amount as lumpsum so that he can plan the treatment
accordingly.
Expenses like donor expenses in a transplant surgery, which are not covered under
normal health insurance policy, can be paid out of the amount received under this cover both in
India & abroad.
Key Features
The product is offered from 6 to 65 years.
Medical examination may be required in some cases based on the age and the benefit
amount opted by the proposer.
Very competitive premium rates.
Sum insured options of Rs. 100000/- to Rs. 5000000/- for age group of 6 yrs. to 60 yrs.
Sum insured options of Rs. 100000/- to Rs. 500000/- for age group of 61 yrs. to 65 yrs.
Illness Covered
Cancer: A claim can be made if the assured is diagnosed as suffering from a malignant tumour,
which has invaded surrounding tissue. A microscopic examination of the cells will be required to
confirm the claim.
Coronary Artery Bypass Surgery: When coronary arteries become narrowed or blocked they
cannot supply enough blood to the heart muscle. To correct this and prevent risk of death, a
coronary artery bypass surgery is performed in which two sections of artery on either side of the
blockage are connected together. With our health insurance plan - Critical Illness, you can insure
yourself against this serious illness in much the same way as you insure your car and your house.
You will be able to claim if you undergo this surgery for blockage of one or more coronary
arteries.
First Heart Attack (Myocardial Infarction): First heart attack, also known as myocardial
infarction, occurs when part of the heart muscle dies from lack of oxygenated blood. Chest pain
is usually felt at the time of the attack, ECG (electrocardiogram) changes will confirm the
diagnosis. A damaged heart also releases enzymes into the bloodstream and a blood test will
show that the heart attack is recent.
Kidney Failure: The kidneys act as filters and remove waste from the blood. When the kidneys
fail to do this, waste builds up in the blood and leads to severe complications. Although it is
possible to manage with one kidney; if both kidneys fail completely, one will need long-term
dialysis or a transplant.
Major Organ Transplant: Sometimes a major internal organ is so seriously diseased or
damaged that the only effective treatment is replacement with a healthy one. Kidney transplants
are covered under a separate section.
Stroke: A stroke is an incident, which affects the supply of blood to the brain causing permanent
neurological damage such as paralysis or disturbance of speech or vision. Transient ischaemic
attacks are excluded as they do not cause permanent damage and the symptoms do not last for
more than few days.
Aorta Graft Surgery: The aorta is the main artery that supplies oxygenated blood to all other
parts of the body. Sometimes, part of the aorta becomes blocked or weak and may need
replacement. You will be able to claim if you need surgery to remove and replace part or the
entire aorta.
Primary Pulmonary Arterial Hypertension: Primary pulmonary hypertension a progressive
disorder recommended or which was first manifested or contracted before characterized by high
blood pressure (hypertension) of the main artery of the lungs (pulmonary artery). The pulmonary
artery is the blood vessel that carries blood from the heart through the lungs.
Symptoms of primary pulmonary hypertension include shortness of breath (dyspnoea) especially
during exercise, chest pain, and fainting episodes. The exact cause of primary pulmonary
hypertension is unknown.
Multiple Sclerosis with Persisting Symptoms
Permanent Paralysis of Limbs
Coverage
SI available from 1,00,000 to Rs. 50,00,000
Age band - 6 yrs - 59 Years.

Premium Table
Sum
insured
100000
300000
500000
1000000
AGE ( in years)
21- 25
26 - 35
36 - 40
41 - 45
46 - 50
51 - 55
56 - 60
200
600
1000
2000
550
1650
2750
5500
800
2400
4000
8000
1200
3600
6000
12000
1750
5250
8750
17500
3000
9000
15000
30000
300
900
1500
3000
(5.) Home Insurance
My Home Insurance
There is no place like Home, it's our most valued possession and our heaven on
earth. Few things in life matter as much to us, as our home does. After all, it's the
heart of our family, our possessions, our priceless investment and our memories. You
take good care of your home - daily cleaning, regular maintenance, and fresh paint
each year to keep it looking beautiful. But don't stop there! Give your home the best
possible protection from unforeseen incidents with the Bajaj Allianz My Home
Insurance plan.
At Bajaj Allianz, we understand that whatever be the market value of your house,
your home is invaluable. That's why we bring you a comprehensive home insurance
cover - My Home Insurance All Risk Policy which will protect not only your home,
but also the belongings inside it, against risks like fire, burglary and natural
calamities.
Benefits
Provides complete protection for property, contents, and interests of the insured and their
family members in a single policy
Covers your home against loss from fire, burglary and natural calamities
Covers the contents of your home, including portable equipment
Cover for jewellery, valuables, works of art
Additional benefit of rent for alternate accommodation*
Useful add-ons to customise your policy for total protection
Several home insurance plan types with various coverage options for you to choose from
Option to insure either the flat/apartment/building only, or contents only, or both
Affordable premium and attractive rebates
Exclusions:
The policy does not cover loss or damage to the property by or due to or arising from:
Misrepresentation, mis-description, or non-disclosure of any material information.
Damage which is pre-existing in nature (applicable to contents and building).
Manufacturing defects in electrical, mechanical, and electronic items
Home Insurance: House Holders Package Policy
Benefits
Provides protection for property, domestic and electronic appliances, interests of the
insured and their family members in a single policy
Affordable premium
Attractive rebates
Covered
Section 1 : Fire and Allied Perils
Fire can cause huge damages, which can affect your finances.
This section covers loss or damage to the premises (if specifically declared and insured) and
contents whilst contained in the premises due to the following perils:
Fire
Lightning
Explosion/ Implosion
Aircraft Damage
Riots, Strike and Malicious Damage
Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
Impact Damage
Subsidence and Landslide including Rockslide
Bursting and/ or overflowing of Water Tanks, Apparatus and Pipes
Missile Testing Operations
Leakage from Automatic Sprinkler Installations
Bush Fire
Earthquake (Fire and Shock)
The sum insured (value denoted for insurance) can be either on:
REINSTATEMENT VALUE basis (Which is the value for replacing the item with a
new item of same type and make). At the time of loss the claim will be settled without applying
depreciation. In effect you will be getting new for old of breakdown under this policy possibility
of losing your baggage during your travel.
OR
MARKET VALUE basis (Which is the reinstatement value less depreciation depending
on the age of the item). At the time of loss, the claim will be settled after applying depreciation.
NOTE: The electronic equipments/TV etc. which you wish to cover under the respective section
need not to be insured under this section but can be covered under Theft All Risks, electronic
section
Exclusion:
5% of the claim amount for every claim arising out of Act of God perils.
Damage due to terrorist activities.
Section 2 - Burglary and Theft
This policy provides you the peace of mind you need, it covers you from
The damage caused due to housebreaking and thefts

Protection provided on first loss basis i.e. 40% of the total value of contents along with
list of value needs
The total sum insured should be the market value of the property.
Exclusion:
Loss of livestock, motor vehicles, pedal cycles and money stamps (Unless specifically
declared.) Burglary/House breaking where any member of the insured's family is the principal
Section 3 - Jewellery and Precious Items
Jewellery today has become an integral part of our lives for any occasion. We provide a policy
which safeguards this asset by covering any jewellery possessed by the insured.
Valuation Certificate is required to cover jewellery and precious items
ection 4 - Breakdown of Domestic Appliances

This section is meant to cover the repair or replacement costs arising from the unexpected
mechanical or electrical breakdown of domestic appliances (excluding A.C.) whilst contained in
or fixed at the Insured's premises.
Optional Coverage: Air Conditioners can be covered under this section by payment of
additional premium @ Rs.10 (Service Tax Extra) per Rs.1000 of Sum Insured.
Exclusion on loss or damage for the following:
Willful act or gross negligence of the insured

For which manufacturer or supplier is responsible

Caused due to wear and tear
Mobile phones or similar communication device
Section 5 - Electronic Equipment

This section is meant to cover the repair or replacement costs in respect of electronic equipments
caused by any unforeseen and sudden physical loss (except a cause specifically excluded) whilst
contained in or fixed at the Insured's premises.
Exclusions:
Manufacturing defect
Damage resulting due to wear and tear, gradual deterioration, climatic conditions, rust,
corrosion and insects
Costs incurred in connection with functional failures due to willful act or gross
negligence of the insured
Deductibles: The Insured shall bear the first 10% or Rs.2500/- (whichever is higher) of any
claim concerning computers, and the first 10% or Rs.500/- (whichever is higher) of any claim
concerning any other item of electronic equipment
Section 6 - Baggage
This section will cover the accidental loss or damage caused to personal baggage accompanying
the Insured or Insured's family while traveling anywhere in India.
Section 7 - Plate Glass
Fixed plate glass at the premises may get damaged due to various reasons. We cover it against
the accidental breakage but the details of plate glass along with the value are to be provided.
Exclusions:
Breakage during removal, alterations or repairs on the insured premises
Disfiguration, scratching or damage of glass other than fracture extending through the
entire thickness of the glass
In case the glass is not completely and securely fixed
Section 8 - Pedal Cycles
Pedal cycles are commonly found on the road and also exposed to maximum risk due to constant
accidents.
This policy offers you the following benefits: Pedal cycles can be insured against all risks subject
to standard exclusions. Third party liability, arising out of the use of pedal cycle is also covered.
Exclusions:
Any accident or loss caused in connection with pedal cycle used for hire outside India
Damage to accessories by theft if Pedal cycle is stolen at the same time
Section 9 - Personal Accident Insurance
Accidents are sudden and often result in large financial implications.
Our policy makes provisions to protect such losses by covering you and your family
members under this section Details of each person along with the amount insured for
them have to be mentioned
Section 10 - Personal Liability/Workmens Compensation
Sometimes our actions can cause injuries or property damages to third parties. In such
cases coping with the liability can result in a large financial burden. We cover such risks
as well
Claim management process
Claim Success Ratio 2014

How to read IRDA Claim Settlement Ratio Table?
Let me explain on how to understand the numbers given in the above table. Let us consider Sl.No 1 which has
data regarding LIC. During the period 2013-14 the total number of claims (no of policies) received by LIC of
India are 7,60,344. This is inclusive Last periods pending claims and this periods (2013-14) claims that are
booked or intimated.
7,46,212 no of policies out of total 7,60,344 policies were settled during the period 2013-14. This translates
into a claim settlement ratio of 98.14% for LIC.
The total claimed amount (Benefit Amount) on LIC policies during 2013-14 was Rs 8,905 crore. Out of which
Rs 8,475 crore worth claims are settled.
What is Claims repudiated, Claims Pending & Claims Written Back:
As per the above explanation LIC gets 98.14/100. So, what happened to 1.86% (100-98.14%)of claims (no of
policies)?
These claims fall under the category of claims repudiated or pending or written back. (Repudiated means
Claim rejected. Pending are yet to be settled and Written back claims are sent back for more information).
Important Points to ponder upon:
LIC of India, ICICI Prudential Life and HDFC Life are the top Life Insurance companies in terms of
best Claim Settlement Ratio (2013-14)
DLF Pramerica and Edelweiss Tokio Life Insurance companies have higher number of Repudiated
Claims
LIC, ICICI and HDFC were the toppers in 2012-13 also.
The claims settlement ratio does not talk about the type of policies i.e., whether the claims that were
received are Term or endowment or money back plans.
New Life Insurance Companies will generally have Low Claim Settlement Ratios
As per IRDAIs annual report the industrys settlement ratio had slightly increased to 96.75% in 201314 from 96.41% in 2012-13 and the repudiation ratio had remained almost at the same level of 2.08%
in 2013-14 as in 2012-13 (2.10%).
Before buying any type of plan, do look at the companys Claim Settlement Ratio
Do not hide any facts while filling the proposal form. This will ensure that your claim (after the
unfortunate event)is settled.
Though Claim Settlement record is one of the important factors while choosing your life insurance
plan, it is advisable to go for only Term Insurance. You can opt for a Term plan based on the claim
settlement record. The other deciding factors can be cost of premium, features, optional riders, quality
of service and your comfort level with the Brand.
Most companies cite incomplete documentation or concealment of facts as a reason for rejecting claims.
Hence, while buying a life insurance it is of utmost importance that you furnish accurate information and
ensure that all paper work is into place. Give importance to claim settlements record and do not get swayed
away by higher returns / tax benefits alone.

Bajaj Allianz General Insurance Company Limited

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Types of Organisation

Pune, Maharashtra, India

Rahul Bajaj, Sanjiv Bajaj

Financial Services, Wealth Services, Insurance

Bajaj Holdings & Investments Limited

Bajaj Finance Ltd., Bajaj Allianz General Insurance

S.K.School of Business Management