Professional Documents
Culture Documents
It is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both
enjoy a reputation of expertise, stability and strength.
Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd
May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an
authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by
Allianz, SE.
As on 31st March 2015 Bajaj Allianz maintained its premier position in the industry by achieving growth as well as
profitability. Bajaj Allianz has made a profit before tax of Rs. 777 crores and has become the only private insurer to
cross the Rs.100 crore mark in profit before tax in the last two years. The profit after tax was Rs.562 crores, 39%
higher than the previous year.
Our Achievements
Bajaj Allianz has received iAAA rating, from ICRA Limited, an associate of Moody's Investors Service for seven
consecutive years. This rating indicates highest claims paying ability and a fundamentally strong position.
Bajaj Allianz General Insurance was adjudged as the "Best General Insurance Company in Asia" by Asia
Insurance Industry Awards 2014. The award was bestowed on the company for its outstanding customer service
levels, innovations in the field of insurance, and sound financial management which resulted in consistent profitability
over the years. The Company was also conferred the 'Insurer Claims Team of the year' by Claims Awards
Asia 2014. Bajaj Allianz was recognized as the 'Best Insurance Company of the Year' by ABP News BFSI
awards 2015. The company was awarded 'General Insurance Provider of the Year' by Money Today
FDCIL awards 2014.
For the third time in a row, the company was awarded the Allianz Global Innovation Awards 2015 for
Excellence in Employee Business, and was also recognized as a Legend in the BFSI Industry by Brand Vision
India 2020 Awards. Bajaj Allianz General Insurance was conferred the Brand Excellence Award in Non-Life
Insurance (Private Sector) by ABP News Brand Excellence Award 2014 and the Golden Peacock Award
2014 in the category of Innovative Products and Service
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.
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.
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.
Step
Step
Step
Step
1
2
3
4
"Non-Smoker1" or "Smoker1"
Your term insurance premium will be based on your current age(s), sum assured(s), lifestyle category (if applicable),
policy term and premium payment frequency.
In case of unfortunate demise, the dependents will receive the death benefit as promised by the term insurance
company.
This categorization is available for sum assureds of Rs.20,00,000 & above and subject to medical examination/tests
as decided by the term insurance company.
A Non-smoker who has no abnormalities in his medical examination/tests or family/personal history; has no risky
avocation and does not have a risky occupation, as decided by the Company, is classified as a Preferred NonSmoker.
Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act
Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
Subject to the provision stated therein.
Death Benefit
A. Individual Life
In case of unfortunate death of life assured during the policy term, provided all premiums are paid up to
date, the benefit will be Sum Assured
The policy cover will terminate immediately on death of the life assured
B. Joint Life
The death benefit is payable on death of each life, provided the policy is in-force. The benefit payable will be
Sum Assured
On death of any one of the life assureds, the term insurance policy will automatically continue on the
surviving life assured with a reduced premium. The reduced premium will be based on the age, lifestyle category (if
applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the
inception of the policy
This term insurance policy cover will terminate immediately on death of the surviving life assured
Parameter
Eligibility
Minimum Entry Age 18 years
Maximum Entry Age 60 years
Rs.250,000
for
general
category
and
Minimum Sum
Rs.20,00,000 for the categories split by Preferred Non-Smoker 1 , NonAssured
Smoker1 & Smoker
Maximum Sum
No Limit
Assured
Policy Term
10, 15, 20, 25 & 30 years
Minimum Installment
HalfSum Assured
Yearly
Quarterly Monthly*
Yearly
Parameter
Premium
Minimum Maturity
Age
Maximum Maturity
Age
Eligibility
28 years
70 years
iSecure More
SA Band
500,000 to 999,999
1,000,000 to 1,999,999
2,000,000 to 4,999,999
5,000,000 & above
The premium rate for joint life will be arrived at by allowing rebate on the total of the gross
premium# applicable to the individual lives. The joint life rebate (JLR) for joint life is as below
Age of Older Life Assured
JLR as % of the total Gross Premium#
applicable to the individual lives
< = 40
5%
41 to 50
> = 51
3%
1%
Parameter
Eligibility
Minimum Entry Age 18 years
Maximum Entry
60 years
Age
Minimum Sum
Rs. 2,50,000
Assured
Maximum Sum
No Limit (subject to the Sum Assured multiples)
Assured
Policy Term
10, 15, 20 & 25 years
Rs. 1,500 per yearly installment
Rs. 750 per half-yearly installment
Rs. 400 per quarterly installment
Minimum
Rs. 150 for monthly installment*
Installment
Premium
*Monthly premium payment frequency will be available under salary
deduction scheme & ECS. It will not be available at the inception of the
policy.
Minimum Maturity
28 years
Age
Maximum Maturity
70 years
Age
Carefully Select
Sum Assured Multiples
Sum Assured can be chosen in specific multiples only (as stated below):
Sum Assured Band
Multiple
Rs. 50,000
Rs. 1,00,000
Multiple
Rs. 5,00,000
Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income
Tax Act
Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the
Income Tax Act.
Life Secure
Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:
o
o
o
Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:
Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65
years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.
On death during the policy term, after critical illness benefit has been paid: the remaining
Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum
If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.
For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured
For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured
Coverage
Option
I
II
III
Coverage
Option
PPT (years)
Below age 45
Age 45 & above
15
Rs. 71
Rs. 56
Details
25 years
Policy Term
5, 7, 10 and 15 years
Minimum Premium
Installment
Yearly
s
Rs
10
Rs. 90
Rs. 70
HalfYearly
36,720 18,727
Quarterl
Monthly
y
9,547
3,305
Maximum Premium
No limit
Rs. 20,00,000
No limit
Sum Assured has to be opted in multiples of Rs.
50,000
Parameter
Premium Payment
Frequency
Details
Yearly, Half yearly, Quarterly and Monthly#
Life Secure
Bajaj Allianz Life Secure- Assuring you protection for a lifetime.
We all wish for protection at all stages of our life, but most of the time achieving this through-out our life is very
difficult.
Helping you with a solution, we at Bajaj Allianz Life Insurance present Bajaj Allianz Life Secure - a unique term
insurance plan that provides you complete protection till your 100th birthday, so that you can live worry-free for a
lifetime.
Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:
Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:
Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65
years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.
On death during the policy term, after critical illness benefit has been paid: the remaining
o
o
Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum
Assured on Death will be paid and the policy will terminate.
If death benefit has not been paid before the life assured attains age 100 years, the below mentioned benefit
If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.
For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured
For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured
Policy Features
Features
High Sum Assured Rebate (HSAR)
The plan offers an attractive premium discount based on Coverage Option, chosen Sum Assured,
Age and Premium Paying Term (PPT). A discount will be available on the annual premium for
each complete additional Rs. 1,00,000 Sum Assured purchased over and above the minimum
Sum Assured of Rs. 20,00,000 as mentioned in the table below:
Coverage
Option
II
III
Coverage
Option
PPT (years)
10
15
Below age 45
Rs. 152
Rs. 115
Rs. 90
Rs. 71
Rs. 113
Rs. 88
Rs. 70
Rs. 56
Tax Benefits
Premium paid are eligible for tax benefits under section 80C of the Income Tax Act. Death,
accidental death, critical illness and surrender benefits are eligible for tax benefits under Section
10(10D) of the Income Tax Act, subject to the provision stated therein.
Surrender Benefit
You will have the option to surrender your policy provided at least
o
First two full years' premiums have been paid if the PPT under your
policy is less than 10 years or
First three full years' premiums have been paid if the PPT under your
policy is 10 or more years
The surrender value payable will be the higher of the guaranteed surrender
value (GSV) or the special surrender value (SSV).
Details
25 years
Parameter
Details
Policy Term
5, 7, 10 and 15 years
Minimum Premium
Installment Yearl
s
y
HalfYearly
Rs
18,727
36,720
Quarterl Monthl
y
y
9,547
3,305
Maximum Premium
No limit
Rs. 20,00,000
No limit
Sum Assured has to be opted in multiples of Rs.
50,000
Premium Payment
Frequency
LifeStyle Secure
We are all used to a certain lifestyle. But life is full of uncertainties, and unfortunate events that can leave you unable
to support your family financially, the way you had planned. It's a scary thought not being able to secure your family's
current lifestyle (and needs) in the future.
Providing a solution, we present Bajaj Allianz LifeStyle Secure - a risk cover (term assurance & terminal illness cover)
plan that assures financial protection to your family, so they have the security of maintaining their current lifestyle and
you, the smile of a worry-free life.
Key Advantages
Bajaj Allianz LifeStyle Secure is a non-linked, non-participating regular premium payment insurance plan that
provides level cover term assurance or terminal illness benefit. The key advantages of this plan are:
Benefits Payable
Death & Terminal Illness
If all due premiums are paid under the policy, then, in case of unfortunate death or Terminal Illness (TI) of the life
assured, whichever is earlier, the nominee/claimant will receive the Sum Assured in equated monthly installments as
per the table below:
Policy Term (in years)
10
15
20
60
84
120
180
240
Maturity
No maturity benefit shall be payable on survival till the end of the policy term.
Surrender
No surrender benefit is payable under the Policy.
Additional Features
High Sum Assured Rebate
The plan offers an attractive premium discount structure, where you can have a discount on the annual premium for
each complete additional Rs. 1,000 Sum Assured purchased over and above the minimum Sum Assured of
Rs.3,00,000 is Rs. 2.75.
Tax Benefits
Premium paid are eligible for tax benefit under Section 80C of the Income Tax Act and death benefit is eligible for tax
benefit under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant before claiming any benefit under the policy.
Eligibility
Parameter
Minimum Entry Age
18 years
Maximum Entry Age
50 years
Minimum Age at Maturity 23 years
Eligibility
Parameter
Maximum Age at Maturity 60 years
Policy Term
5/ 7/ 10/ 15/ 20 years
Premium Payment
Yearly, Half yearly, Quarterly and Monthly
Frequency
HalfMode
Yearly
Yearly
Minimum Premium (in
Premium
1,466 748
Rs.)
Maximum Premium (in
20,458 10,434
Rs.)
Minimum Sum Assured
Rs. 3,00,000
Maximum Sum Assured Rs. 15,00,000
Quarterly Monthly
381
132
5,319
1,841
Savings Plans
At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of insurance-cum-saving
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz Life Insurance, you can make your dreams come true by creating an effective savings plan, which
will protect you against unexpected hardship
Save Assure
We always feel good to get more than what we expect, and even more when it's "guaranteed"*. Presenting "Bajaj
Allianz Save Assure" - a traditional endowment plan that not only secures you and your family but also guarantees
115% of your sum assured. Living worry free is now guaranteed
Key Features
Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non Linked, Individual Endowment Plan.
The key features are:
More value for money with high Sum Assured rebate on premium.
Learn More
Am I Eligible?
Eligibility
Parameter
1 year
60 years
18 years
75 years
Eligibility
Parameter
Policy Term
15 & 17 years
Minimum Premium
Policy Term 15
Policy Term 17
Yearly
Rs.8,140
Rs.6,620
Half-Yearly
Rs.5,000
Rs.4,200
Quarterly
Rs.2,500
Rs.2,100
Monthly**
Rs.1,000
Rs.800
Maximum Premium
No Limit
Rs. 100,000
No Limit
Maturity Benefit
On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums
have been paid.
Surrender Benefit
You will have the option to surrender your policy provided at least 3 full years' premiums have been paid.
The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV)
will be payable at any time of surrender throughout the term of the policy.
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum
Assured on Death as mentioned below will be payable as death benefit to the nominee :
Entry Age
Less than 45
10 times annualised
premium***
115% of sum
assured
Equal to or greater
than 45
7 times annualised
premium***
115% of sum
assured
*** Annualised premium and total premium taken are excluding any extra premium and/or any service tax and cess
on premium.
Guarantee Assure
We spend our lives securing a better future for our families and nothing ever seems enough to cover the uncertainties
that may occur. Understanding the same, we present to you Bajaj Allianz Guarantee Assure - a non-linked, nonparticipating, individual limited premium endowment plan that helps you live a worry free life.
Key Features
Ensures more value for money with high sum assured rebate
Learn More
Am I Eligible?
Eligibility
Details
9 year
60 years
18 years
69 years
Policy Term
7, 8 & 9 years
5 years
Minimum Premium
Frequenc
Yearly
y
No Limit
Rs. 1,00,000
No Limit
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
Policy Term
Guaranteed Addition
8 Years
9 Years
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term the death
benefit payable will be 'Sum Assured on Death' plus accrued Guaranteed Additions.
Sum Assured on Death will be higher of
i) 5 times the Annualised premium
ii) 105% of the total premiums paid as on the date of death or
iii) Sum Assured
The policy will terminate immediately on death of the life assured
Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.
Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:
Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen
PT 16 years
th
4
8th
12th
PT 20 years
th
5
10th
15th
PT 24 years
th
6
12th
18th
PT 28 years
th
7
14th
21st
The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:
Policy Term
16 years
20 years
24 years
28 years
Money Back 15% of Sum
20% of Sum
25% of Sum
30% of Sum
(%)
Assured
Assured
Assured
Assured
Maturity
60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any
Benefit
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the
policy term, the Sum Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any,
plus Terminal Bonus, if any, subject to a minimum of 105% of the total premiums# paid will be
paid as the Death Benefit.
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term
Minimum Premium (In
Rs.)
Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly
16 years
9,000
Half-yearly
5,000
Quarterly
3,000
Monthly
900
Parameter
Policy Term
Yearly
Details
Half-yearly
Quarterly
Monthly
16 years
9,000
5,000
3,000
900
24 years
7,000
4,000
2,300
700
28 years
6,500
3,500
2,000
650
Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting
Premium Payment
Yearly, Half yearly, Quarterly and Monthly**
Frequency
**The monthly mode will be allowed only under the salary deduction scheme and ECS
Investment Plans
At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of investment insurance
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz, you can make your dreams come true by choosing an efficient investment insurance plan, which
will protect you against unexpected hardships.
Elite Assure
You wish to achieve success in everything that you cherish to do. Life is all about choices and choosing the right
option. It's obvious that you plan your life as well as your finances to complement the best for all seasons. It is thus
essential to have a balanced investment portfolio across all asset types, hence the option of life cover with an
attractive return always stands tall.
Presenting Bajaj Allianz Elite Assure, a traditional savings plan that offers the most attractive return while protecting
your family.
Maturity Benefit
The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Loyalty Additions (GLA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any. VB as declared, will be attached every
policy year starting from your first policy year
GLA, as % of GMB, will be attached to the policy at the end of each policy year starting from the end of
10 policy year.
GLA, as % of GMB and the total GLA payable at maturity depends on the premium payment term and policy
th
10
15
20
25
30
20
25
30
15
20
25
30
15
20
25
30
15
Guaranteed Loyalty
Additions
3%
3%
3%
3%
7%
7%
7%
7%
15% 15%
15%
15
%
Total Guaranteed
Loyalty Additions
18
%
33
%
48
%
63
%
42
%
77
%
112
%
147
%
90
%
240
%
315
165
%
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the death
benefit payable will be Sum Assured on Death1 plus Guaranteed Loyalty Additions plus Vested Bonus, if any plus
Interim Bonus, if any plus Terminal Bonus, if any, subject to Guaranteed Death Benefit of 105% of the total premiums*
paid till the date of death.
1
remium Rebate
The investment insurance plan offers a Premium Rebate if your chosen GMB is greater than Rs. 5,00,000.
The Premium Rebate is available for each complete additional GMB of Rs. 50,000 over & above the minimum GMB
of Rs. 5,00,000 is as per the table below:
10
15
20
25
30
90
76
67
72
77
81
Monthly
Quarterly
Half yearly
Yearly
Frequency Factor
0.09
0.26
0.51
1.00
Parameter
0 year
55 years
18 years
70 years
Policy Term
Premium
Eligibility
Parameter
Sum Assured
#The monthly mode will be allowed only under salary deduction scheme and ECS
Fortune Gain
An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment
made; making sure the deduction in charges are minimum. We present one such smart solution - Bajaj Allianz
Fortune Gain - a Unit-Linked Single Premium Endowment Plan that provides up to 99.5% premium allocation to make
sure that your valuable money is fully utilized towards building you a fortune.
Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen
Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.
Death Benefit
In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.
Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999
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.
Details
1 year
63 years
18 years
70 years
7 years
30 years
Rs. 50,000
No Limit
Premium Payment
Frequency
Single
Parameter
Details
entry and Policy term as mentioned below
Policy
Term
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
11 - 15
10
10
1.5
16 - 20
10
1.5
21 - 25
10
1.5
26 - 30
10
NA
Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years
Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.
Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:
Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen
PT 16 years
PT 20 years
PT 24 years
PT 28 years
1st
4th
5th
6th
7th
2nd
8th
10th
12th
14th
3rd
12th
15th
18th
21st
The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:
Policy Term
16 years
20 years
24 years
28 years
Money Back
15% of Sum
20% of Sum
25% of Sum
30% of Sum
Policy Term
16 years
20 years
24 years
28 years
(%)
Assured
Assured
Assured
Assured
Maturity
Benefit
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the Sum
Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any, plus Terminal Bonus, if any, subject to a
minimum of 105% of the total premiums# paid will be paid as the Death Benefit.
This death benefit will be paid even after Survival Benefit has commenced during the policy term.
*Sum Assured on Death is the higher of: (a) 10 times of annualised premium # OR (b) Sum Assured
#
Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax &
cess, if any
The policy will terminate on the date the Company is informed of the death of the life assured.
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term
Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly
Half-yearly
Quarterly
Monthly
16 years
9,000
5,000
3,000
900
20 years
8,000
4,500
2,500
800
24 years
7,000
4,000
2,300
700
28 years
6,500
3,500
2,000
650
Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting
Parameter
Premium Payment
Frequency
Details
Yearly, Half yearly, Quarterly and Monthly**
Retirement Plans
At Bajaj Allianz Life Insurance, we believe in putting the needs of the customer first, always. We take the time to
understand your current lifestyle and your life goals, and work with you steadily to build a secure and comfortable
retirement plan for your future. Our plans are geared towards helping you do so without sacrificing your needs of
today.
One of the best ways to create a good retirement plan for living an independent life even when you retire is choosing
Bajaj Allianz Life Insurance policies. Having a retirement plan in place will help you fulfill all those dreams that you
aspire during your hard working days.
With Bajaj Allianz, you can keep following your passion, even as you protect your future. An effective way of availing
beneficial facilities would be purchasing the retirement plan online.
Pension Guarantee
Your date of retirement is closing in. You want something that gives you and your spouse an
assured income long after you're retired. We at Bajaj Allianz Life Insurance are aware of this
need, and have come up with a plan that lasts you for a lifetime. Invest your savings in the Bajaj
Allianz Pension Guarantee, a plan that gives you a guaranteed income so that you will live
worry-free for a lifetime.
With Bajaj Allianz Pension Guarantee, you can ensure a regular income after retirement. This
retirement plan offers you a range of immediate annuities to choose from. The immediate annuity
options available are:
Option
Option A
Detail
Life annuity-
Option
Detail
The annuity is paid to the policyholder as long as he/she is alive.
Life annuity with Return of Purchase Price
Option B
Option D
The annuitant and his/her spouse are covered under the policy.
Option E
The annuitant and his/her spouse are covered under the policy.
Option F
The annuitant and his/her spouse are covered under the policy.
Option
Detail
least one of them is alive.
Maximum Age at
Entry
Minimum Purchase
Price
Maximum Purchase
No Limit
Parameter
Detail
Price
Minimum Annuity
Instalment
Rs. 1000
Retire Rich
"A plan that enables you to retire with laughter lines... not worry lines."
You have been working hard. You're going to retire one day. How do you want to spend your retirement? Travelling?
Golfing? Turning a hobby into a second career or volunteering for a noble cause or simply spending more time with
your family.
In retirement, how you choose to spend your time is now up to you. The decisions you make about your money today
should be flexible enough to accommodate your changing needs.
Taking charge of your retirement begins with Bajaj Allianz Retire Rich - A Unit-linked Pension Plan that your
retirement dreams are well met.
At the inception, you have to choose between Regular, Limited or Single premium payment option
Premium paid by you, after deduction of premium allocation charge, will be allocated in to the Pension
Builder Fund. Units will be allocated to your policy account at the prevailing unit price of the fund
The policy administration charge will be deducted monthly through cancellation of units. Fund management
charge and guarantee charge are adjusted in the unit price
In the process to comply with the reduction in yield, the Company may arrive at specific non-negative clawback additions, if any, to be added to the unit Fund Value, as applicable, at various durations of time after the first five
years of the contract.
At the end of your policy term, i.e., on the vesting date, the vesting benefit of your policy will be your total
Fund Value subject to a Guaranteed Vesting Benefit of 101% of the sum of all premiums and top-up premiums paid
by you till the vesting date
Death Benefit
On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher
of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit
Guaranteed Death Benefit: 105% of the sum of all premiums and top-up premiums (if any) paid till date
under the policy
The nominee can utilize the death benefit in any of the following ways:
o
Use the entire or part of the death benefit proceeds to purchase an annuity from us at the then
prevailing annuity rates.
Vesting Benefit
The vesting benefit of your policy on the vesting date will be higher of the Guaranteed Vesting Benefit or the
total Fund Value as on the vesting date
Guaranteed Vesting Benefit: 101% of the sum of all premium and top-up premiums (if any) paid by you till
the vesting date
On the vesting date, you have the option to use your vesting benefit in one of the following three ways:
o
You may take up to 1/3rd* of vesting benefit as a lump sum and purchase an immediate annuity
from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan
available on sale then.
You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your vesting benefit irrespective of minimum single premium.
You may extend your prevailing deferment period under the policy to any available period as at the
vesting date, provided your age as on the vesting date is less than 55 years. The prevailing guaranteed death
benefit, guaranteed vesting benefit and option to pay top-up premiums will continue during the extended
deferment period. Once the option is chosen, the guaranteed vesting benefit shall not be applicable at the
original vesting date. No premiums need to be paid during the extended deferment period. During the extended
deferment period, all applicable charges will get deducted.
Note: You will have to exercise one of the above three options before the vesting date
*maximum as allowed by IT Act
Loyalty Additions
You will get additional Loyalty Additions added to your Fund Value on the original vesting date of your policy. Loyalty
Additions are equal to a percentage of annualized/single premium as given below:
For Regular/ Limited Premium payment option
Policy
Term
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
Your Fund Value less the discontinuance/ surrender charge, if any, plus the top up premium Fund
Value, if any, as on the date of surrender, will be transferred to the discontinued pension policy fund.
The discontinuance value as at the end of the lock-in period will be available to you as surrender
o
value
o
surrender, will be available to you as the surrender value and the policy will terminate.
You should compulsorily use the surrender value available in one of the following two ways:
o
You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your surrender benefit OR
You may take up to 1/3rd* of the surrender value as a lump sum and purchase an immediate
annuity from us with the balance amount at the then prevailing annuity rates.
Features
Alteration of Premium payment frequency (only in regular premium/
limited premium payment options)
Modes
Yearly Half-yearly
Quarterly
Monthly
1/4
1/12
1/2
You can make lump sum investments at any time except in the last five policy years by paying
unlimited top up premiums to enhance your fund value, provided all due regular premiums are
paid. The minimum top up premium is Rs. 5,000.
Option to change the premium paying term (only in case of regular and limited
premium payment option)
You have the option to change your premium paying term at any time subject
to the minimum and maximum premium paying term allowed under the plan,
provided all due regular and limited premium till the date of such request are
paid
Such option should be exercised before the expiry of the existing premium
paying term
Fund
Pension Builder Fund
0% - 50%
25% - 100%
0% - 40%
ULIP plan
ULIP means a "Unit Linked Insurance Plan". ULIPs are financial instruments which when used intelligently, gives you
the best of both worlds. It combines the characteristics of a market linked instrument and life insurance policy. Part of
the premium goes into buying life insurance cover while the remaining part of the premium is invested in an asset
class (equity/debt), based on one's choice. Asset class investment is made after deduction of known charges.
The tax
advantageULIPsPla
n
Equity Funds
Non-Equity Funds
ULIPs
Holding Period
15%
Less than 1 year
Over 1 year but less than 3 years
Nil
Nil
No tax on switching
Tax rate applicable to from one fund
investor
option to another.
Partial withdrawals
(allowed after 5
years) and maturity
20% after indexation corpus is tax-free.
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!
Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen
Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.
Death Benefit
In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.
Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999
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.
Details
1 year
63 years
18 years
70 years
7 years
30 years
Rs. 50,000
No Limit
Premium Payment
Frequency
Single
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
11 - 15
10
10
1.5
16 - 20
10
1.5
Parameter
Details
Policy
Term
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
21 - 25
10
1.5
26 - 30
10
NA
Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years
Future Gain
We all seek opportunities to gain maximum benefits at the lowest cost. When we decide to invest our monies, we
want every rupee of our hard earned money to be utilized fully for our future gains. Helping the investor in you, we
present Bajaj Allianz Future Gain - a Unit-Linked Endowment Plan that provides for maximum premium allocation to
make sure that your valuable money is fully utilized towards your dream future.
Key Features
Maturity Benefit
Under Bajaj Allianz Future Gain, the maturity benefit will be the regular premium fund value plus top up premium fund
value as on the maturity date, provided the policy is in-force.
Surrender Benefit
You have the option to surrender your policy at anytime.
On surrender during the lock-in period of first five years of your policy, the regular premium fund value, less
the discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.
On surrender after the lock-in period of first five years of your policy, the surrender value available will be
regular premium fund value plus top up premium fund value, if any, as on the date of surrender, and will be payable
immediately.
The policy shall terminate upon payment of the surrender/discontinuance value by the company.
Death Benefit
In case of unfortunate death before the maturity date, provided the ULIP policy is in-force, the death benefit payable
to the nominee/ policyholder as a lump-sum is:
The higher of the sum assured or regular premium fund value PLUS
The higher of top-up premium sum assured or top-up premium fund value, if any;
All the above as on date of receipt of intimation of death The death benefit is subject to the guaranteed death benefit,
which is 105% of the total premiums paid including top-up premiums paid, if any, till the date of death.
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the regular premium fund during the two year period immediately
preceding the date of death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent ofthe partial withdrawals made from the regular premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the regular premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose
Am I Eligible?
Parameter
Details
18 years
Maximum Age at
Maturity
70 years
Premium Payment
Term (PPT)
Minimum Premium
(Modal Premium)
Premium Paying
Term
5 or 6
Policy Term
Other PPTs
5 to 30 years
Halfyearly
Frequency
Yearly
Premium (in
25,00 12,500
2,500
5,000
Parameter
Details
Rs.)
Maximum Premium
Premium Payment
Frequency
Frequency
Yearly
Premium (in
Rs.)
12,00,000 6,00,000
Higher of
10 times
Annualized
Premium
7 times
Greater than or
Annualized
equal to 45 years
Premium
Less than 45
years
Minimum Sum
Assured
3,00,000 1,00,000
For example, for an age less than 45 years and policy term of
i. 15 years the minimum Sum assured available will be 10
times Annualized Premium
ii. 22 years the minimum sum assured available will be 11
times of Annualized premium i.e. (0.5*22* Annualized
premium)
Maximum Sum
Assured
135
36 - 40
41 - 44
45 - 50
51 &
above
Minimum
SA
10 & 15
15 15
10
10
16-20
15 15
10
Minimum Minimum
SA
SA
21-25
15 12.5
Minimum Minimum
NA
SA
SA
26-30
15 Minimum Minimum NA
NA
Parameter
Details
Policy Term/
Age at entry
135
36 - 40
SA
Minimum &
Maximum Sum
Assured on Top up
Premium
Age
Less than 45 years
41 - 44
45 - 50
51 &
above
SA
Top-Up Sum Assured
Multiplier
1.25 times
Portfolio Strategies
Bajaj Allianz Future Gain provides the policy holder with two portfolio strategies, which can be
chosen at the inception of the policy or on any subsequent policy anniversary
Investor Selectable Portfolio Strategy - If the policyholder want to allocate the premiums
based on his/ her personal choice and decision, the policyholder can opt for this strategy and
choose from among the seven (7) funds below to suit his/ her investment needs.
Wheel of Life Portfolio Strategy provides the policyholder with a "Years to maturity" based
portfolio management. Under this strategy, on each policy anniversary, fund value among various
funds (as per the below table) in the proportion based on the outstanding years to maturity are
allocated/ reallocated.
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%
0%
0%
0%
1.35%
1.35%
1.35%
1.25%
1.25%
Liquid Fund
0.95%
Bond Fund
0.95%
Charges
Details
Where the
policy is
discontinued
during the
policy year
Discontinuance
Discontinuance
charge for the
charge for the policies
policies having
having annualized
annualized premium
premium above Rs.
up to Rs. 25000/25000/-
5 and above
Nil
Discontinuanc
e Charge
Nil
Mortality
Charge
20
1.13
30
1.34
40
2.35
50
6.52
Child Plan
Bajaj Allianz Life Insurance Child Plans are designed to ensure that they suit all basic requirements for your child's
future. It has multiple premium payment and policy terms options, Guaranteed Maturity Benefit, cash installment
option, inbuilt Total Disability Benefit and much more. At Bajaj Allianz life insurance, we believe in helping you to build
a robust child plan for your child's secured future
Lifelong Assure
We all wish for regular flow of income at all stages of our life, but most of the time achieving those over age & time is
not possible. Helping you with a solution, we at Bajaj Allianz developed Lifelong Assure - a unique plan that provides
you income & protection till your 100 birthday so that you can live worry-free for a lifetime.
Key features
The key features are as follows:
Guaranteed Death Benefit of up to 300% of Sum Assured depending on the PPT chosen.
Survival Benefit
a. You will start receiving Guaranteed Cash Back of 3% of your Sum Assured every year, from the end of your
premium payment term till the age of 99 years
b. You will be entitled for Cash Bonus declared, if any, starting from the end of 6 policy year till the age of 99 years.
Maturity Benefit
Your policy will mature at the age of 100 years. On the maturity date, if all premiums are paid, the Maturity Value
under your policy, as mentioned in the below table, will be paid and the policy will terminate.
PPT Sum Assured on Maturity
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
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.
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
Step
Step
Step
Step
Your premium will be based on Guaranteed Maturity Benefit, age, policy term, premium payment term and premium
payment frequency. Your Sum Assured is 10 times of Annualised Premium.
Step 5: Choose your Cash Installment option
Benefits Payable
Maturity Benefit
The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Additions (GA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any.
The risk cover under your policy will cease on the maturity date.
You can take the Maturity Benefit as per one of the three Cash Installment options chosen by you at
inception, which are paid in annual installments. The first installment will commence from end of the policy term.
Cash
Installment
1st
2nd
50% of GMB
22% of GMB
12% of GMB
3rd
25% of GMB
15% of GMB
4th
28% of GMB
18% of GMB
5th
20% of GMB
6th
23% of GMB
7th
Total GMB
payable
105% of GMB
109% of GMB
113% of GMB
Where,
Guaranteed Addition (GA) is expressed as % of the GMB and will be attached to the policy at the end of the
policy term as given below:
PPT
5 years
7 years
12 years
15 years
20 years
GA (%)
15%
25%
40%
60%
90%
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured, the benefit payable will be:
The Sum Assured on Death^ , subject to the guaranteed death benefit of 105% of the total premiums1 paid
till date of death, will be paid immediately and the policy will be converted to a fully paid-up policy.
As a fully paid-up policy all future GA, Vested Bonus and Terminal Bonus, if any, will continue to accrue in
the policy.
At the end of the policy term, the Maturity Benefit will be payable.
^Sum Assured on Death is the higher of Sum Assured or the GMB
Total premium is exclusive of extra premium, rider premium and service tax & cess, if any
Premium Rebate
This child plan offers a Premium Rebate if your chosen GMB is greater than Rs 1,00,000.
The Premium Rebate is available for each complete additional GMB of Rs 10,000 over & above the minimum GMB of
Rs 1,00,000 and is as per the table below:
Policy Term (in years)
10
15
20
12
15
12
15
20
48
37
39
36
46
42
39
Surrender
The policy can be surrendered by the policyholder at any time, provided at least 1 full year's premium has
been paid if premium paying term is less than 10 years or at least 2 full years' premiums have been paid, if premium
paying term is 10 years or more.
The surrender value shall be higher of: Guaranteed Surrender Value (GSV) and Special Surrender Value
(SSV).
Details
18 years
Parameter
Details
50 years
Minimum Age at
Maturity
28 years
Maximum Age at
Maturity
60 years
Premium
Sum Assured
Guaranteed Maturity
Benefit (GMB)
Minimum - Rs 1,00,000
Maximum - No Limit
GMB is as chosen by you
Policy Term
Premium Payment
Frequency
10
5, 7
15
12, 15
20
12, 15, 20
*The monthly mode will be allowed only under the salary deduction scheme and ECS.
We all want to secure our families against any odds that may force them to compromise in life. All our lives we put in
every possible effort to ensure a safe future for our loved. We understand this concern and present Bajaj Allianz CSC
Bachat Plus - a variable insurance plan that helps you protect your family financially from all uncertainties; that too at
an affordable price.
Key Advantages
Benefits Payable
Maturity Benefit
On the maturity date, the benefit payable will be equal to the Policy Account Value
The Maturity Benefit is subject to a minimum amount equivalent to total premiums paid, less Sum of all partial
withdrawals made during the term of your policy, compounded at 1% per annum till maturity date
Death Benefit
In case of unfortunate death of the life assured, the benefit payable will be higher of:
Parameter
Minimum Entry
Age
Maximum Entry
Age
Maximum Age at
Maturity
Sum Assured
Multiplier
Total Sum Assured
under all Policies
Policy Term
Premium Paying
Term
Details
14 years
55 years
65 years
Age less than 45 years
10 times Annualised Premium
Rs. 2,00,000 (The total sum assured allowed on a single life assured under
all policies taken under this plan cannot exceed of Rs. 200,000).
10 and 15 years
Equal to policy term
Mode
Premium
Regular Premium
Yearly
Half-yearly
Quarterly
Monthly
1,800
900
450
150
20,000
10,000
5,000
1,665
Premium payment
Yearly, Half-Yearly, Quarterly and Monthly#
Frequencies
#
The monthly mode will be allowed only under the salary deduction scheme and ECS
"One of the best ways for to increase group cohesiveness is to make your group members feel cared for. Our group
insurance scheme for your group members, employees and their families show them that their organization cares not
only for them but also their families. At Bajaj Allianz Life Insurance we offer customised group insurance policy, which
safeguard your employees' interests and show your commitment towards them.
Product
Key Features