Bajaj Allianz Life eTouch Limited Premium PART-A FORWARDING LETTER, Ret No: 22 Date: 25/07/2024 To, Pte Individual MR B SAI ANAND KUMAR HNO-16-11-212/85 EAST PRASHANTH NAGAR MOOSARAMBHA HYDERABAD, City/Distrct = HYDERABAD state TELANGANA Pincode + 500036 Inia TelNo seea659533 Pref Time Email :saianandb@gmail.com Dear MR SAI ANAND KUMAR, Sub:lssuance ofthe Policy under application forthe life insurance policy towards regular premium plan dated 19/07/2028 on the life of set. \We would like to thank you for investing your faith nus. Your policy requires Regular Premiums to be pald for 15 years. Bless find enclosed herewith your Policy Document a copy ofthe Proposal Frm, Customer Information Sheet (Cs) and dgcuments mentioned herein below, based on which your Insurance Policy has been issued, This Policy Is issued subject to section 45 of the Insurance Act, 1938 and any amendment from time to time [Document Type _Spectation of Doaan prvi [aenteton Wo ‘You will havea fee Took period of thirty (30) days from the date of recelat of the Palicy Document, To review the Terms and conditions of ‘the Policy and where You disagree to any of those terms or conditions, or otherwise and have not made any claim, You have the option to return the Policy to Us, stating the reasons for Your objection, then, You shal be entitled to a refund of the Regular Premium (excluding applicable taxes) paid subject only to a deduction of 2 proportionate risk premium for the period of cover and the expenses incurred an ‘medical examination and stamp duty charges For any queries kindly write to us atthe below mentioned address and we assure and strive to provide you the best of services. ‘Authorised Signatory Signature ified Rajesh Krishnan Chief Operations Officer FOR BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD, IN ATHY <>se soasaammsenti HYDERABAD DISTRICT - HYDERABAD URBAN PINCODE - 500004, TELANGANA Toll Free Number: 1800-209-7272 Bajaj Allianz House, Sth Floor, Wing, Airport Road, Yerawada, Pune, Maharashtra - 411006 Toll Free Number: 180-209-7272 Details ofthe Servicing Insurance Agent/Insurance Intermediary Name. VEMAVARAPU_JAHNAVL [code Taos 3743 Aadrese HNO 9-68 SIVALAYAM STREET VTC ENIKEPADU KISHNAKRISHNA. KRISHNA, ANDHRA PRADESH, 527108 Phone Number [9390622165, TEwailid — [WAHNAVTIS3@GMAILCOM Please read poey document, espedally following dauses on > Regular Premium > Policy Benefits > Non-payment of regular premium and forfeiture, any > Definitions & Exclusions as contained in Annexure KBajaj Allianz Life eTouch Limited Premium Ref No: 22 Date: 25/07/2024 To, Pon eerr Individual MR B SAI ANAND KUMAR HNO-16-11-212/85 EAST PRASHANTH NAGAR MOOSARAMBHA HYDERABAD, City/Distrct = HYDERABAD state TELANGANA Pincode £00036 INDIA TelNo 9842669533 Pref Time EmailID—_:saianandb@gmail.com ia, IMR B SAI ANAND KUMAR cot re ont Es oe we AR a) 15 eet cee Reser sR a ang me ceed Ro se Se fer: 19/07/2028 ena one dae eh & re oT: (eae FRR a By sa paar re ei rch a a sear, che i te re ng ae Ge i oP 1998 A eT 45 & oe 8 mem Re a 8 eae & alee at ge ae ge Ral BM ger ors 2 eB & Rar SeaRRA 15 Ral Hs aw sil aie re ah ee we & Pre der ware lf ET bah gre ry 8 hd ag ere ort abs ale Sarg 2A a a aed a oR Ie ‘Authorised Signatory Signature rified Ean Rajesh Krishnan Chief Operations Officer FOR BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. iil | i ll HU ra saaeeo8es Your Policy Servicing Branch Address Bajaj Allianz Life Insurance Company Limited, 10106017160979797 NORTH EAST PLAZA, 3RD FLOOR ERRAMANZIL, KHAIRATABAD HYDERABAD DISTRICT - HYDERABAD URBAN Bajaj Allianz Life Insurance Company Limited Bajaj Allianz House, St BWing, Airport Road, PINCODE - 300004, ferawad, Pune. TELANGANA Manarashtra 411006 Toll Free Number: 1800-209-7272 ‘oll Free Number: 180-209-7272 + pam Gee ce, UR awe Psa as > Pra sz > ees ser ehh > Pats st at eta en te Pewee > ene a HIN 63924069-26416740Bajaj Allianz Life Insurance Company Ltd, (IRDAI Regn. No.:116) Policy Number - 0601716097 Bajaj Allianz Life eTouch Limited Premium PREAMBLE ‘A\Non-Linked, Non-Partcipaing, individual life Insurance Term Plan Individual ‘The Company has received a Proposal Form, declaration and the first Regular Premium from the Policyholder/ Life Assured as named in this Schedule. The said Proposal Form and declaration along with any statement, report or other document leading to the issue of this Policy and referred to therein having been accepted and agreed to by the Company and the Policyholder as the basis ofthe contract of insurance, bath partes to the assurance contract da hereby further accept and affirm thatthe Policy, in consideration of and subject to due receipt of subsequent Regular Premiums as set out in the Schedule with all its parts (Policy Document and Endorsement, if any shal be subject to the terms and conditions as contained in this Policy. The Policy Documents includes Annexure (Annexure k, Annexure AA, ‘Annexure BB & Annexure CC) and other documents attached herewith SCHEDULE Personal Details [ame ofthe Polisher [MIR 6 SAT ANAND KUMAR Gender [Wate Date of Birth 22/05/1989 _[AgeatEntry SS years [Age [Acritted on Sa, Age Proof ‘Address |H NO-16-11-212/85 EAST PRASHANTH NAGAR MOOSARAMBHA, HYDERABAD, HYDERABAD, TELANGANA INDIA SOO036 Name ofthe Life Assured [WR 6 SAI ANAND KUMAR Policy Details Foley. psorri0a7 Product Name ae] Aone Touch Product Code Bas: [Unique Identification Nox (UN) fi6n72v08 otcy Commencement Date [22/07/03 arian ite sie Va) [bate of Commencement of Rak |22/07/2004 [Date of ith p2/05/1989 Pee 5 Vears ge Admit? [Ramitted on S-Age Proof [sender aie [um assured Rs] [00000 Jbmoker Category lw [Tisum assured (Rs [7500000 [nba Percentage wa Oo Sum Aasurea RS] Na Fotcy erm oven fremium Paying Term ls Years Terminal ness Bane (Re] 7500000 [Premium Payment Freaueney [Annual Regula Premium (85 16.272 [Due bate of ast Premium [22/07/2038 [ra Premium (is) io [Due Dates of Premium 2 July of every Year [ADB Cover Period INA ature Date pavo7/a054 [Maturity Benen instaiments [A [Maturity Benefcinstaiment (R=) NA [Return of Premium {RO} __INo Maturity Benet (Rs) a [Death Benefit in nstiments— [No Premium Holiday io [Death Benefit in tumpsum (R= [7500000 No.of Years of Premium Holday a Proportion of Death Benet in NA IMonthiy Death Benefit instalments (Rs) [NA lnstalments * Regular Premium includes Extra Premium, if any, but excludes any, oppicable GST & cess. Regular Premium amount is inclusive of any auto-pay discount. This discount will not be available/withdrawn in the event of the Company receiving any Premium other than through outo-pay. NA—Not Applicable REGULAR PREMIUM PAYABLE FOR SELECTED PREMIUM PAYMENT FREQUENCY In Words: se Zer0.OnNy Nominestay Name INominee(s)[Porcentage [Relationship to [Appolntee Name [ln ease the. JAppolntees Relationship to the lage(s) [share the Life Assured _|Nominee(s) minor(s Nominee [SWATH PASUNURI 32 Years [100% [Spouse z z Details of the Servicing Insurance Agent/Insurance Intermediary Name [VEMAVARAPU JARNAV! Code [aaimoaa743 Address TINO 8:68 SIVALAVAM STREET VIC ENIKEPADU KRISHINAKRISHNA , KRISHNA, ANDHRA PRADESH, 52108, Phone Number |9390622165, [E-Mailid [ViAHNAVII93@GMAIL.COMPolicy Number - 0601716097 Bajaj Allianz Life eTouch Limited Pre ‘To. Whom The Benefits Are Payable: The Senefts are payable to the Claimant. ‘The Policy shall be subject to and governed by the terms of the Policy Document along with the Schedule contained herein and Endorsements f any, made from time to time and all these shal tether form a single agreement All taxes, including GST & cess, either existing or those that may apply in future (including enhancements of existing taxes) will be ‘charged extra over and above the Regular Premium amount. Payment of such taxes shall be the responsibility of the Plicyholder. Baja Allianz Life Insurance Company does not provide any warranty or assurance that the Policyholder will be, by virtue of purchasing this Policy, eligible for any income tax or ther tax rebate or reli. Signed on behalf of 3a Alianz Life Insurance Company Limited for Policy No. 0601716057 Issued on date: 22/07/2024 Rs. 1,500 ‘Authorized Signatory erified Signature Sa Rajesh Krishnan Chief Operations Officer ‘Signed and Executed at Pune” Stamp Duty Rs. 1,500 paid by pay order Vide receipt no LOA/ENF-2/CSD/68/2024/2897 dated 15/07/2024 Registered & issuing office Bajaj Allianz Life Insurance Co. td, Bajaj Allianz House, Airport Road, Yerawada, Pune PIN Code- 411006, Maharashtra. Corporate identity Number: US6010PN2001PLCO15959 IRDAI Regn. no. 116 Tel. No, (+91 20) 66026777, Fax: (+91 20) 66026789 E-mail: customercare@bajajalianz.c0.n, Web ste: wwwbaajalianlfe.com HIN 63924069-36416740Policy Number -0601716097 Bajaj Allianz Life eTouch Limited Premium First Premium Receipt Individual BRANCH OFFICE 2 - HYDERABAD Dear MR B SAI ANAND KUMAR, Date : 25/07/2028 Your proposal for life Insurance has been accepted by Bajaj Allianz Life Insurance Company as per details given below. Poly No [0601716097 SumAssured | Re, 75,00,000 Frequency of Payment [Annual Plan Bajaj Allan fe eTouch ‘Name of Life Assured MR 8 SAI ANAND KUMAR ‘Name of Polieyholder MR SAI ANAND KUMAR ited Premium Rs. 16,272 Polley Deposit Irany Re Goods & Services Tax Rs. 2,929 Date of birth oftife Assured _| 22/05/1985, Date of Commencement ofisk | 22/07/2024 Date of commencement | 22/07/2024 ‘Term End Date 21/07/2054 ‘We acknowledge the receipt of payment towards the first premium on the Policy assurance for the plan and amount indicated above The acceptance ofthe payment places the Company on tsk with effect from date of this Acceptance:cum-First Premium receipt orf the Fiskunder the proposal is defered if any from the defered date on terms and conditions ofthe Poli of assurance subject however, to the realization of the Premium amount an¢ the terms and conditions printed below. The Policy is being sent here with. The isu of receipt is also subject to the realization of the amount in cheque and t 1 terms and coneitions mentioned hereunder. Amount Applicable IT section Rs. 16,272 Section 806 Rs. dated 15/07/2024 * Consolidated stamps duty paid vide receipt no LOA/ENF-2/CS0/69/2024/289 Terms and Conditions of Acceptance of Risk Please note that if any changes in your occupation or any adverse circumstances connected with your financial postion or general health of yourself or that of your family however unimportant you may consider, occur between the date of proposal and the date of this receipt or If 2 proposal for assurance or an apalcation for revival of your Policy on your ife to any office of the Company has since the date ofthis proposal been withdrawn or dropped or deferred or declined or accepted at an increased premium or subject to alteration of terms otherwise than as proposed or ifyou have been solected for services in any ofthe branches of military, naval ‘or aie force services between the date ofthis proposal and the date of issue of this receipt this assurance shall be void and al ‘monies which shall ave been pai in respect ae forfeited unless intimation of such events be made in writing tothe Company within ten working days and the acceptance of proposal shall then be accordingly re-approved by the Company. ‘Deductions shall be applicable as per the relevant provisions of Income Tax Act. *For UL Policies Goods & Service Tax as applicable wil be deducted monthly at rates applicable from time to tme on Cost Of insurance (mortality + rider premium charges) through cancellation of units **For your actual eligibility please refer to provisions of IT Act 1961 as modified and consult your tax consultant. ‘4 Policy Deposit wll get adjusted with your next Renewal Premium, f due, "This receipt is issued online and does not require signature.etc e Dear Customer, servicing and payment experience for customers on your mobile laptop / tablet. Visit www bjajalianalfe.com to know more. Xinaly note that your policy isa Regular Premium Policy, which would require regular payment of renewal premiums, inorder to keep the policy force" Poley Number: 0601716097 Frequency: Annual DueDate: — 22July of every Year Perinsalinent premium amt: Rs. 16,272 Traportant Renewal Premium Payment instruction “Grace period fr making premium payments post due date 30 day or annual fal yeory& qatery nade & 15 days for monthiy mode Nam-payment of premium within grace period will esut in apsaton * of your paley terms & cantons. Interest on late renewal premnum payment willbe charged at 10% + GST ger anal, th Is applicable for Non market inked pales 1+ Policies lapsed fra period of over 6 months trom th due date would require a declaration of Good health form tobe submited alongwith the renewal premium payment + Any payment made towar received by any of So the renewal premium i deemed tobe received by Baa liane ie nsurance only when the same has been ‘or callection points with an flea cept sued bythe company Guidelines for payment ‘Cheque or Demand Draft shouldbe draw in fave of Bajaj Aiane Life Insurance Co Lt. Kindly remember to rention your name, poy number ‘contact number on the reverse ofthe cneque / DD ‘Incase you wish to pay premium in ash, kindly submit the samen jal Allae office Please not suthoraed to cllec cash 1+ “Acceptance of Premium in Cash shal be subject to conltons as fted bythe Reulators/Statutry AuthortyIncusing IRDA\ from tie to time aja Allan if Ineurance Company imted reserves tne rigntt refuse aceotance of premium in cash” agen Fate TS hat none of or representatives are Saas, ae art Se arg wee ye seh rene Sa or are og oth ove ee ah, ek Rage 2 a ree we Bx PwOUIE (ee) rg Rares 8 56070 mR SMS aE san eg eR we, ae BE BR sus ge ceed Pd eh as a oo fees ong ave gra 305107807738 zaag0038950546 Be cae eh Te ee A ra aT 8, Ta Big yo (ea) A a a TARY ‘i ats 0601716097 Bak: Annual sie ender _22 uly of every Year ee a a RS, 16272 eg sos gre eel PR aR ara Gra Fe SA aad as ae ew 90 Re SR aR G6 PAT RoR we Ra es ra sae nan T= fa aA a so ea EA * teguar e prars BB BH AA 10% + GST HRA Yew Ren eT, ae te Rare ATER ie ai & 6 83 san re ce GR ah age sho Tr aD eae & ea RT BL ey I Ge ar ma ne a oO a eR A a wen A RR ee er ‘gre fy er ara ats re es SR a RR ee ARS [Fra ta/00 # Rod ak aner, R a o a ae RTT 1 ous a et eae Eh, oO a er a ee a A RN ae 8 sa cg GATT RDA oa PRC ox atrerat ge: des So ie 2 pa fteroh a Pts ea ah a E te A aPlease maintain your renewal premium payment records inthe renewal reminder sheet: rapa ear Reg fie Wan ogee ‘Due Date | _Endat | Wode(Cash/] Payment] Receipt No. Due Date] Endo? —] Wode[Cash/ ] Payment | Receipt Grace Period | cheque/00 | ‘Date’ Grace Period | Cheque/ 00) | _Date TEAS | T-h04 2075 TEAR [22-Aug-2032 BEM DOR | BF Ro TOI 22 a1 2055 | 27 Ag 7055 Bub 2027 | B-ave- 2027 2aul Dosh | 22 Aug 2034 FEM TO | TR OIE Brisk 035_[ 77 Aug 2055. wesue2029 | 2A 2029 2212085 | 22g 2036 Tzu 2030_| 2A 2030 Beak WaT [We Aug 2057 TEMEIOSL [ ZERIT arse | 2 Aug OEGrievance Redressal Mechanism In case you have any service concern, you may please reach out to our Customer Experience team through any of the following options: * Our website https://www.bajajallianzlife.com/ * Contact your insurance advisor / sales relationship officer * Visit nearest Bajaj Allianz Life branch. Click here - https://branch. bajajallianzlife.com/ + Write to us on customercare@bajajallianz.co.in from your registered email address * Call on our Toll free number 1800-209-7272 (Monday to Sunday: 9:00 AM to 7:00 PM (ST) * Click here https://www.bajajallianzlife.com/content/dam/balic/pdf/grievance-redressal-officer.pdf to contact the designated Grievance Redressal Officer at your nearest branch In case you do not receive a response within 1Sdays or if you are not satisfied with the resolution, you can approach the undersigned: Mr. Gaurav Sadana Grievance Redressal Officer Bajaj Allianz Life Insurance Co.Ltd, Baja) Allianz House, Sth loor Airport Road Yerawada, une, District: Pune Maharashtra-411006 Email ID: gro@bajajalianz.co.in In case the resolution does not meet your expectations, you may register a complaint at Sima Bharosa of the Insurance Regulatory and Development Authority of India (IRDAI). * In case your grievance / complaint is still unresolved, you may directly approach the Insurance Ombudsman for redressal, if the value of the claim is upto 30 lakhs. Find your nearest Ombudsman office at http://www.cioins.co.in/ombudsman Customers may represent the case to Ombudsman for Redressal of grievance subject to meeting the following conditions: * Only if the grievance has been rejected by the insurer or not received any reply within a period of one month from the receipt of the representation or the complainant is not satisfied with the insurer reply * Within a period of one year from the date of rejection by Insurer or insurer final reply on the representation of the complainant * If itis not simultaneously under any litigation The complaint should be made in writing duly signed by the complainant or by his legal heirs with complete details of the complaint and the contact information of complainant Bajaj Allianz Life Insurance Co. Ltd. Regd, Office Address: Bajaj Aliana Life insurance Co. Lt, Bajaj liane House, Aiport Road, Yerawads, Pune ~411006,, IROAI Reg No. 116, Visit: wor bajajalianalife.com, CIN: UB6010PN2001PLCO15959, Mall us: customercare@bajajalianzco.i, Call on : Toll ree no, 1800 209 7272, Fax No: 02066026789. The Logo of Bajaj Allianz life Insurance Co. Ltd. is provided on the basis of license glven by Baja Finserv Ltd to use its "Bajaj" Logo and Allianz SE to use its “Allianz” logo.Bajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172V06 Part B This Policy is issued on the basis of the information given and declaration made by the Policyholder in the Proposal Form, which is incorporated herein and forms the basis of this Policy. The following terms shall have the meaning assigned to them below, wherever these terms appear in the Policy Document. ‘The singular includes the plural and references to the male include the female where the context so per- mits. Definiti a. “Accident” shall mean a sudden, unforeseen and in- voluntary event caused by external, visible, and vio- lent means. “Accidental Death Benefit (ADB)” means the bene- fit payable on the death of the Life Assured due to Accident and is subject to the definition & conditions mentioned in Annexure K (attached herewith). ADB is applicable only under Variant 2. Please refer to Sec: tion 4) below for more details. “Accidental Total Permanent Disability (ATPD)” means disability to the Life Assured if he meets with an Accident, and is subject to the definition & condi- tions mentioned in Annexure K (attached herewith), “ADB Cover Period” means the period, mentioned in the Schedule, during which the Life Assured is cov- ered for ADB in the Policy. ®. “ADB Sum Assured” is the amount payable on the death of Life Assured due to Accident, and is as men- tioned in the Schedule under the Policy. f. Age” means age as at last birthday. 9. “Annualized Premium” means the premium amount payable in a Policy Year excluding taxes, underwriting Extra Premium and loadings for modal premium, if any, “Appointee” means a person, as mentioned in the Schedule, to whom the Policy proceeds/benefits will be paid to, in case the Nominee is a minor on the date of payment. i. “Assignee” is the individual to whom or the institution to which the Assignment is made by the Policyholder. i. “Assignment” means transfer of rights by the Policy- holder in the Policy to another individual/institution that gives the Assignee the rights to receive pro- ceeds/benefits under the Policy from the date of As~ signment, for a consideration or otherwise. Assign- ment shall be as per Section 38 of the Insurance Act, 1938, as amended from time to time. k. “Claimant” means the Life Assured (if alive) or Pol- icyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policy- holder/Nominee(s) to whom the Policy Benefit will be payable L "Company / We/Us” refers to BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED. m. "Date of Commencement of Risk” means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the aa, bb. Policy. “Death Benefit” means the benefit payable on the death of the Life Assured. Please refer to Section 4) below for more details. “Early Exit Value” means the amount payable on the termination of the Policy by the Policyholder as per the details mentioned in Section 10a) below. ‘Extra Premium” means the amount of additional premium collected as part of the Regular Premium, which is decided based on the prevailing Board ap- proved underwriting policy of the Company and was communicated to the Policyholder in the counter-of- fer made to him and to which he consented “Endorsement” means conditions attached/affixed to this Policy incorporating any amendments or modifi- cations agreed to or issued by the Company. inancial Year” means the year starting from 1st April of a year and ending on 31st March of the next year. "Free Look Period” means the period in which the Policyholder can choose to terminate the Policy as per the details mentioned in Section 5 below ‘Goods and Service Tax (GST)" is charged based on type of policy communication address of Policy Hold- er. This may change subject to change in rate/state in address of the Policy Holder as on date of adjust- ment. “Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thir- ty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment, without any penalty or late fee during which period the Life Assured is covered for the applicable risk cover in the Policy. On the occurrence of the con. tingent event during the Grace Period, the due-but- unpaid premium will be deducted from the benefit payable, IRDAI” means the Insurance Regulatory and Devel- opment Authority of india, fe Assured” means the person named as the Life ‘Assured in the Schedule whose life is assured under this Policy. -stage Upgrade Sum Assured (LSU SA)" means any additional sum/s assured taken under the Life- stage Upgrade option [as per Section 10c) below] available under the Policy. “Life-stage Upgrade TI Sum Assured (LSU TI SA) means any additional sum/s assured taken under the Life-stage Upgrade option [as per Section 10c) below] available under the Policy. “Maturity Benefit” means benefit payable on the Ma turity Date. Please refer to Section 4a)iil(3) & Section 4b) below for more details. The Maturity Benefit is applicable only if Variant 3 has been taken in the Pol- icy. ‘Maturity Date” means the date as specified in the Schedule on which the Policy Term expires. “Nominee” means the person specified in the Sched-Bajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172V06 cc. ad, ft. kk. pany by the Policyholder, who is entitled to receive the Death Benefits under the Policy. This is applicable only in a Policy where Policyholder and Life Assured are the same. “Paid-up ADB Sum Assured” means the reduced ADB ‘Sum Assured as on the date of the Policy becoming paid-up [as per Section 6)b) belowl. The Paid-up ADB ‘Sum Assured is arrived at by multiplying the ADB ‘Sum Assured by a proportion of the number of Reg- ular Premiums paid to the number of Regular Premi- ums payable wrt. ADB under the Policy. “Paid-up Maturity Benefit” means the reduced Ma- turity Benefit as on the date of the Policy becoming paid-up [as per Section 6)b) below, if Variant 3 has been taken in the Policy. i. IfTIBenefit was paid already and the Policy is con- tinuing for the Remaining Death Benef, [1 ~ (Sum Assured on TI/Sum Assured on Death] * Total Premiums Paid tll the date of paid-up ii, IfTI Benefit has not been paid, the Total Premiums Paid tll the date of paid-up “Paid-up Sum Assured” means the reduced Sum As- sured as on the date of the Policy becoming paid-up [as per Section 6)b) below]. The Paid-up Sum Assured is arrived at by multiplying the Sum Assured by a pro- portion of the number of Regular Premiums paid to the number of Regular Premiums payable under the Policy. “Paid-up Sum Assured on Death” means the reduced ‘Sum Assured on Death as on the date of the Policy becoming paid-up [as per Section 6)b) below). The Paid-up Sum Assured on Death is arrived at by mul- tiplying the Sum Assured on Death by a proportion of the number of Regular Premiums paid to the number of Regular Premiums payable under the Policy. “Paid-up Sum Assured on TI" means the reduced ‘Sum Assured on Tl as on the date of the Policy be- coming paid-up [as per Section 6)b) below]. The Paid- up Sum Assured on TIis arrived at by multiplying the ‘Sum Assured on TI by a proportion of the number of Regular Premiums paid to the number of Regular Premiums payable under the Policy. “Policy” means the arrangements established by the Policy Document, “Policy Anniversary” means the date corresponding numerically with the Policy Commencement Date in each subsequent year during the Policy Term, “Policy Commencement Date” means the date of commencement of the Policy as specified in the Schedule. “Policy Document” means this Policy wording the ‘Schedule (which is attached to and forms part of this Policy and includes any Annexure or Endorsement to it and, if more than one, then, the latest in time) and the Proposal Form. “Policyholder/You/Your” means the adult person named in the Schedule who has concluded the Policy with the Company. 00. pp. a. rr. tt w. yy. the Schedule, between the Policy Commencement Date and the Maturity Date, “Policy Year” means the year commencing on the Policy Commencement Date or a Policy Anniversary jum Holiday” means the feature which gives n to the Policyholder to discontinue Regular Premiums under the Policy for the number of years chosen (and as mentioned in the Schedule); as per the terms & conditions mentioned in Section 10b) be- low. The Premium Holiday feature has to be chosen at, the Policy Commencement Date. “Premium Payment Frequency” is a regular time in- terval as specified in the Schedule, at which the Reg- ular Premium is payable during the Premium Paying Term. “Premium Paying Term (PPT)" means the period specified in the Schedule during which the Regular Premium is payable “Proposal Form” means the Policyholder’s state- ments in the proposal for this Policy submitted by or on behalf of the Policyholder along with any other in- formation or documentation provided to the Company prior to Policy Commencement Date. “Regular Premium” means the amount payable to avail the benefits under this Policy during the Premi- tum Payment Term and at the Premium Payment Fre- quency, as specified in the Schedule. This amount will be inclusive of Extra Premium, if any, but excludes applicable taxes.. The Regular Premium will also include any premium applicable with respect to any Life-Stage Upgrade Sum Assured taken under the Policy. ‘Remaining Death Benefit” means, i applicable, Sum ‘Assured on Death minus Sum Assured on Tl. For a paid-up Policy [as per Section 4alil(2) belowl, this will be Paid-up Sum Assured on Death minus Paid-up Sum Assured on TI ‘Remaining Maturity Benefit” means, if applicable, [1 ~ (Sum Assured on TI/Sum Assured on Death)] * Total Premiums Paid. Revival period” means @ period of five (5) consecu- tive years from the due date of first unpaid Premium. “Smoker Category” of the Life Assured is as spec- ified in the Schedule and is the classification of the Life Assured based on the prevailing Board approved underwriting policy of the Company. “Sum Assured” is the amount as mentioned in the Schedule for the Life Assured under the Policy. “Sum Assured on Death” is the amount payable on the death of Life Assured and is the higher of (i) 10 times Annualized Premium or (ji) 105% of Total Pre~ mium Paid till date of death or (ii) Sum Assured + Total LSU SA. “Sum Assured on TI" is the higher of () 10 times An- nualized Premium or (i) 105% of Total Premium Paid till date of death or (ii) TI Sum Assured + Total LSU TI SABajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 bbb. ddd, fff, 3. Pre on the surrender of the Policy. Please refer to Section 9) below for more details. “Terminal Illness (TI)" means occurrence of termi- nal illness to the Life Assured subject to the definition and conditions mentioned in Annexure K (attached herewith). “TI Sum Assured” is the amount as mentioned in the ‘Schedule for the Life Assured under the Policy. ‘otal Premiums Paid” means the total of all Reg- ular Premiums received by the Company, excluding any Extra Premium and taxes, It will also include the premium applicable with respect to any Life-Stage Upgrade Sum Assured taken under the Policy, but ex- clude any Regular Premium not paid under the Pre- mium Holiday feature. “Variant” means the three (3) Variants, as mentioned in Section 2)b) below and detailed in Section 4)a) be- low, that the Policyholder has to choose-from before the Date of Commencement of Risk. “WOP Benefit” means the benefit of the waiver of premium (WOP) due in the future on the occurrence of ATPD or Tlf the Life Assured. Please refer to Section 4 below for more details. “wart” refers to ‘with respect to PARTC Policy Description 1a. The Policy is @ non-linked, non-participating, indi- vidual, life, health and savings, plan with Regular Premium payments providing risk cover for Death, Terminal Illness, Accidental Death & Accidental To- tal Permanent Disability. b. The plan provides three (3) Variants, as mentioned below, from which the Policyholder will choose be- fore the Policy Commencement Date. The chosen Variant cannot be changed under the Policy during the Policy Term, i, Variant 1 ~ Life Shield ii, Variant 2 — Life Shield Plus ii, Variant 3 ~ Life Shield ROP ‘The details of the benefits under each Variant are as given in Section 4) below. . The plan provides Death Benefit, TI Benefit, Acci- dental Death Benefit, WOP benefit, Maturity Benefit and Surrender Value. a. The Regular Premium is based on the Variant, Gen- der, Age, Policy Term, PPT, Sum Assured chosen and the Smoker Category of the Life Assured and includes any Extra Premium. it will also include the premium applicable wart. any Life-Stage Upgrade ‘Sum Assured, Premium Holiday taken under the Policy. b. Regular Premium is payable in full on the due dates, of premium specified in the Schedule or within the Grace Period allowed, during the Premium Paying Term. sue a notice that Regular Premium is due or for the ‘amount that is due. 4d. The Company will not accept any amount less than the Regular Premium along with applicable taxes, if any, due as the Regular Premium, fe. Where the Regular Premium along with applicable taxes, if any, in full has not been paid even within the Grace Period, the Policy shall be subjected to the Non-payment of Regular Premium and Forfeiture’ condition(s) as per Section 7) below. Policy Benefits: The Company will pay the following benefit under the Policy to the Claimant as per the Variant taken under the Policy (mentioned in the Schedule), subject to Sec tion 6), Section 11) & Section 22) below, and provided the Policy has not been terminated as per Section 12) below. a. Ifall the due Regular Premiums have been paid in full, then, i. Incase Variant 1 is chosen in the Policy: 1. WOP Benefit: On the occurrence of ATPD or TI of the Life Assured, whichever is earlier: All future Regular Premiums due under the Poli- cy will be waived and the Policy will continue for Death Benefit and/or Tl Benefit (if applica- ble). 2, Death Benefit or TI Benefit: On death or occur- rence of Tl of the Life Assured, whichever is earlier: a. If the contingent event is death, the Sum Assured on Death will be paid as the Death Benefit and the Policy will terminate imme- diately and automatically b. If the contingent event is TI, i. If the Sum Assured on TI is equal to the Sum Assured on Death, Sum Assured on TI will be paid as the TI Benefit and the Policy will terminate immediately and automatically. ii, Ifthe Sum Assured on Tlis less than the ‘Sum Assured on Death, the Sum Assured ‘on Twill be paid as TI Benefit. All future Regular Premiums due under the Policy will be waived and the Policy will be con- tinued for the Remaining Death Benefit under the Policy. ii. In case Variant 2 is chosen in the Policy: 1. WOP Benefit: The benefit is the same as that mentioned under Sub-Section a}i(1) above. Additionally, the Policy will continue for the ADB. 2, Death Benefit or TI Benefit: The benefit is the same as that mentioned under Sub-Section a) iN(2) above. The Policy will terminate imme- diately and automatically on the death of the Life Assured. 3. ADB: If the death mentioned in Sub-Section a)Bajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 is during the ADB cover period, then, addition- ally, the ADB Sum Assured shall be payable as ADB. The ADB sum assured will include any Life-Stage Upgrade Sum Assured under the policy ii. In case Variant 3 is chosen in the Policy: 1. WOP Benefit: The benefit is the same as that mentioned under Sub-Section a)i)(1) above. Ater trigger of WOP benefit, if the Life As- sured survives till the end of Policy Term, the Maturity Benefit {as under Sub-Section ii)(3) below] shall be payable. 2, Death Benefit or TI Benefit: The benefit is the same as that mentioned under Sub-Section a) iN(2) above. 3. Maturity Benefit: On the Maturity Date, provid- ed the Policy is in-force and: a, Provided no TI Benefit has been paid before the Maturity Date, Total Premiums Paid will be paid as Maturity Benefit, and the Policy will terminate immediately. b. If TI Benefit has been paid before the Ma- turity Date, Remaining Maturity Benefit will be paid as the benefit, and the Policy will terminate immediately. b. Ifthe Policy is a paid-up as per Section é)b)il below, only under Variants 3: i. WOP Benefit: No WOP Benefit is available. ii, Death Benefit, TI Benefit, Maturity Benefit: The benefits are the same as that mentioned under ‘Sub-Section a)iil(2) & Sub-Section aiil(3) above, but, the Sum Assured on Death, Sum Assured on TI and Maturity Benefit will be replaced, re spectively, by the Paid-up Sum Assured on Death, Paid-up Sum Assured on TI and Paid-up Maturity, Benefit (as applicable). There is no benefit payable if Variant 1 or Variant 2 has been taken in the Policy. ¢. Ifthe Policy is lapsed as per Section 6a) & Section 6b) below, then, no benefit is payable under the Policy. PARTD 5. Free Look Condition: The Policyholder has a free look period of thirty (30) days from the date of receipt of this Policy Document, to review the terms and conditions of the Policy and where the Policyholder disagrees to any of those terms & conditions, or otherwise and has not made any claim, he has the option to return the Policy to the Company for cancellation, stating the reasons for his objection, then he shall be entitled to a refund of the Regular Premiums (excluding applicable taxes) paid, subject only to a deduction of a proportionate risk premium for the period of cover and the expenses incurred by the Company on medical examination of the proposer and 6 2. Non-payment of Regular Premium and Forfeiture a. Variant 1 or Variant 2: If Regular Premium due at any time has not been paid before the expiry of the Grace Period, the Poli- cy will, immediately and automatically, be convert- ed toa lapsed Policy at the expiry of the Grace Peri- od, and no benefits will be payable under the Policy. b. Variant i. If at least two (2) full years’ Regular Premiums are not paid under a Policy, the Policy will, im- mediately & automatically, lapse at the expiry of the Grace Period, and no benefit will be payable under the Policy. ii. If at least two (2) full years’ Regular Premiums are paid under a Policy, and subsequent Regu- lar Premiums are not paid, then, the Policy will be, immediately & automatically, converted to a paid-up Policy at the expiry of the Grace Period, and the Sum Assured, Sum Assured on Death, ‘Sum Assured on TI & Maturity Benefit will be converted to Paid-up Sum Assured, Paid-up Sum Assured on Death, Paid-up Sum Assured on TI & Paid-up Maturity Benefit respectively, Revival Ifthe Policy is lapsed/paid-up las per Section 6) abovel due to non-payment of due Regular Premium, the Pole icy can be revived by the Policyholder anytime during the Revival Period, subject to the conditions mentioned below: a. The written application for revival is received within the Revival Period b. The arrears of Regular Premiums together with interest (as decided by the Company) along with applicable taxes are paid. The current applicable interest rate on revival is 10.0% p.a. compounded half-yearly. ¢. The Policyholder, at his own expense, agrees to un- ddergo medical examination and furnishes evidence of continuity of insurability 4, The revival of the Policy may be on terms different from those applicable to the Policy beforeitlapsed/ paid-up, based on the prevailing Board approved underwriting policy of the Company. The Company may refuse to revive the Policy, based on the pre= vailing Board approved underwriting policy of the Company, and refund the amount deposited for the purposes of revival of the Policy e. The revival wil take effect only on it being specifi- cally communicated by the Company to the Policy- holder. f. On revival, the Sum Assured, Sum Assured on Death, Sum Assured on Tl, ADB Sum Assured cluding any Life-stage Upgrade Sum Assured cho- sen) & Maturity Benefit under the Policy which pre- vailed before the date of latest lapse! paid-up willbe reinstated,Bajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 10, Flexibil to 90a 6S ye PLUS I unde to he nsf intrest The Foreclosure Foreclosure is not applicable under the Policy. ‘Surrender Value a. Surrender Value is payable under the Policy, only if the PPT is less than the PT under the Variants 1 & 2; or if Policy is under Variant 3, In Variant 1 & Variant 2, under Regular Premium payment option, no Surrender Value shall be avail- able. b. The Policyholder can surrender the Policy at any time. Surrender Value is available based on the de- tails in Sub-Section i) and ii) below, and subject to Sub-Section a) above. i. In Variant 1 and Variant 2 ~ Limited Premium. option during PPT: No Surrender Value shall be payable Limited Premium option after PPT: Surrender Value is available ii, Variant 3 - Limited and Regular Premium pay- ment option - Surrender Value shall be payable provided at least two (2) full years’ Regular Pre- miums are paid. . Provided Surrender Value has been acquired (as mentioned above), under all Variants, the Surren- der Value payable shall be higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSVI, where i. The GSV is: GSV Factor * Total Premium Paid till, date ii, The SSV is: SSV Factor * Total Premium Paid till, date ‘The Company can revise the SSV Factors from time to time, subject to prior IRDAI approval. iv, The GSV factors & SSV factors are provided on the company's website d. If the TI Benefit [as per Section 4 abovel has been aid and the Policy is continuing for Remaining Death Benefit, then, the Surrender Value [as per Sub-Section c) above] will be proportionally re~ duced for the benefit paid, by a factor equal to [1 = (Sum Assured on TI/ Sum Assured on Death] e. The Surrender Value payable shall not be less than any Early Exit Value available under the Policy. Please refer to Section 10)a) below for details on Early Exit Value, a. Early Exit Value (Only Under Variant 1 & 2) Under Variants 1 & 2, if all Regular Premiums due under the Policy are paid up-to-date and TI Benefit has not been taken in the Policy, the Policyholder will have the option to take Early Exit Value and ter- minate the Policy. cable) can be taken in the Policy. On taking one, the other will not be available. i. The Early Exit Value will be equal to the Total Premiums Paid under the Policy. ii, The option is available during the three (3) Policy Years immediately after the attainment of Age 60 years of the Life Assured, provided: a. Age at Policy Commencement Date was less than or equal to 50 years; and b. The Policy Term is 36 years or more; and the ‘Age at Maturity Date is 68 year or more. ‘The Early Exit value shall not be available in case any prior benefits [as per Section 4) above] has been taken in the Policy. iv, The Early Exit Value shall not be available if the feature of Life Stage Upgrade Sum Assured [as per Section 10c) below] has been taken in the Policy, v. On payment of Early Exit Value, the Policy will be terminated, immediately and automatically. Premium Holidays (Under all variants) Provided all Regular Premiums due are paid up-to- date, at the Policy Commencement Date, the Policy- holder will have the option to take 1, 2 or 3 Premium Holidays under the Policy. Regular Premiums need not be paid during these years, The Policy will re- main in-force during these years, as per the Policy terms and conditions. i. The Premium Holiday and the number of Pre~ mium Holidays have to be opted at the Policy Commencement Date itself. li, The Policy Term and Premium Payment Term under the Policy have to be greater than or equal to 20 years. iii, Additional premium (as part of the Regular Pre- mium) shall be payable through-out the PPT. iv. The first Premium Holiday is available to the Policyholder after completion of five (5) Policy Years and provided the Policy is in-force and all due Regular Premiums are paid up-to-date. v. The duration of each Premium Holiday shall be a period of twelve (12) Policy months. The Reg- ular Premium waived shall be all the Regular Premiums payable during that Policy Year. Vi. If the number of Premium Holidays chosen un- der the Policy is more than one (1), then, the next Premium Holiday can be opted only after a period of five (5) Policy Years after the previous Premium Holiday year, provided the Policy is in-force and all due Regular Premiums are paid up-to-date then. vii, The Policyholder needs to inform the Company within Grace Period of the Regular Premium due date, to exercise this option. vil, If the Policyholder discontinues [lapses/makes paid-up as per Section 6 above] Regular Premi- ‘um payment immediately after a Premium Hol-Bajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 date of Regular Premium due after the Premi- um Holiday period is over. ix. The premiums not received during the premi- ‘um holiday will not be part of the Total Premium paid calculation. x. If any Premium Holiday option has not been ex- ercised voluntarily through-out the Policy Term, then, the Company will waive the last one- or two- or three-years’ Regular Premiums, de- pending on number of un-utilized Premium Hol- idays. xi, The Life Stage Upgrade feature [as per Section 10c) below] shall not be available if Premium. Holiday has been opted in the Policy. ¢. Life-Stage Upgrade (Only Under Variant 1 & 2) Under Variant 1 & 2, before attained Age of 45 years of the Life Assured, the Policyholder will have the option, to be exercised at the time of application of the Policy, to increase the original Sum Assured (wart. death, TI) under the Policy, on occurrence of the specific Life-Stage events mentioned below. The ADB Sum Assured will also increase in the same proportion to the original Sum Assured in the Policy for Variant 2. The Maturity Date of the Policy shall remain same as at the Policy Commencement Date. i. Under this option, the Policyholder can choose to increase the sum assured in the Policy on the happening of the event. ii, The Life-Stage events & the allowable increases are as specified below: Life-Stage ] Mar- | Birth/ Home | Edu Event riage | Adop- Lean | cation tion of Loan ‘AstChild | of 2nd for Child Chita Maximum [50% [25% [25% [asx | 25% %hlncreass of Original ‘Sum As ‘sured (Total) 50 [2stans [28 [so | 25 lakhs lakhs lakhs | lakhs ili, The Policy has to be in-force and all due Regular Premiums should have been paid up-to-date at the time of the Life-Stage Upgrade iv, There should have been no benefits paid las per Section 4) above] under the Policy at any time before any Life-Stage Upgrade. v. The Upgrade will be allowed provided the out- standing PT and PPT in the Policy, at the time of Upgrade, are at least equal to respective min- imums allowed in the product then. The out- ‘standing PPT at the time of Upgrade has to be at least five (5) years and outstanding Policy Term bane to hn ak banat tan {iM venre icy Anniversary after the request for Upgrade. vii, Underwriting based on the prevailing Board approved underwriting Policy of the Company would be done at the time of any Life-Stage Up- grade vil, Documents as requested by the Company to avail this Life-stage Upgrade benefit will need to be provided by the Policyholder. ix. The total increase for all the events in the Pol- icy will be capped to 100% of the original Sum Assured, No Upgrade will be allowed which will lead to the total TI Sum Assured and/or total ADB Sum Assured crossing the maximum Tl ‘Sum Assured and/or ADB Sum Assured (respec- tively) under the product then, x. Additional premium (as part of the revised Reg- lar Premium) will be collected during the out- standing PPT, based on the Variant, Age at the time of Upgrade, PT, PPT, smoker category and the Life-Stage Sum Assured taken xi, The Life-Stage Upgrade has to be exercised within six (6) months of occurrence of the rele- vant Life-Stage event. xii, Once a Life-Stage Upgrade has been done, the total sum assured under the Policy cannot be subsequently decreased at any point. xiii, The features of Early Exit Value and/or Premi- um Holiday will not be available in case Life Stage Upgrade option is chosen in the Policy and vice-versa. 4, Death Benefit payment option (Under all variants) The Policyholder will have the option to take the Death Benefit, partally/tully, in lump-sum and the rest in instalments. The option has to be chosen at the Policy Commencement Date. He can take: i. 100% of the Death Benefit in a lump-sum, which is the default option in the Policy. il. 10% to 90% (as per Policyholder’s choice) of the Death Benefit in a lump-sum and the remaining in level monthly instalments. 2. The choice and the percentage [as mentioned in the Schedule] have to be chosen at the Pol- icy Commencement Date itself b. The Death Benefit instalments will be paid for a fixed period of 60 manths. The first monthly instalment will be due as on the date of death of the Life Assured ¢. There will be a discount in premium if the op- tion (of portion of the Death Benefit in instal ments) is chosen. This is already allowed for in the Regular Premium. 4. Even after the Death Benefit in instalments have commenced, the Claimant will have the option to convert all future monthly instal- ments into a lump-sum, which will be cal- culated as the present value of future Death Benefit in instalments at a discounted rate of 5-yr G-Sec yield plus 50 bps p.a The TI Benefit or the ADB will be paid as lump- sum only, e. Health Management Services (Under all Variants) Provided the Policy is in-force and all due Regu- lar Premiums are paid up-to-date, the Policyhold- er will have the option to take Health ManacementBajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 case management, medical consultation, etc. from the service providers registered with the Company. These wellness services can help the Life Assured to get correct diagnosis of a medical condition and to procure appropriate illness care. These services are available subject to: i. The availability of the particular service with the service providers at the time of option, il, First diagnosis and medical opinion have already been obtained from a competent medical pract tioner. ili All the supporting medical records (as required by the service provider) are available to avail of the service Itis noted and agreed by the Policyholder that: i. These services are optional services offered at no additional cost to the Life Assured. The Policy- holder/Life Assured shall exercise his own dis- cretion: 2, To avail the services and/or b. To follow the course of treatment suggested by the service provider. li, These services shall be directly provided by the service providers with no participation of the Company. The services are being provided by third-party ‘service provider/s, and the Company shall not be liable for any liability. iv. The Company can choose to commence/discon- tinue the service/s or change the service provid- er/s at any time v. The Company will communicate to the Policy- holder and inform the IRDAI if & when the Health. Management Services feature is discontinued/ changed in the plan. {. Maturity Benefit in Instalments (Under Variant 3) At the Policy Commencement Date, the Policyholder will have the option to choose the Maturity Benefit in instalments. If opted for: i. At maturity, the Maturity Benefit payable shall be paid out in yearly instalments over the next five (6) years. ii, The amount of each instalment will be [Maturity Benefit / 5] hiked up by 20% taking into consider- ation the interest rate. Each instalment shall be paid out yearly, starting from the Maturity Date. 9. Alteration of Premium Payment Frequency The Premium Payment Frequency may be changed at any Policy Anniversary during the Policy Term, subject to availability then of the Premium Payment Frequency and minimum Regular Premium allowed under the plan, as on the date of change. Half-yearly, Quarterly and Monthly Premium Pay- ment Frequencies are only allowed under auto-deb- it process (auto-debit process as allowed by RBI to financial institutions) h. Policy Loans Policy loan is not available under the Policy. PARTE CHARGES FUND OPTIONS PORTED! In CTRATEGIFS Etc 1. 12. 13, PARTF |. Exclusions a. Suicide Exclusions In case of death of the Life Assured due to suicide, within twelve (12) months from the Date of Com- mencement of Risk or the date of the latest revival of the Policy, whichever is later, then the Claimant shall be entitled to receive, the higher of 80% of the Total Premiums paid as on date of death of the Life Assured or the Surrender Value, provided the Policy is in force. b. Other Exclusions There are no other exclusions with respect to Death Benefit. The other exclusions under the Policy are as giv- en in the Annexure K which form part of this Policy Document, Termination Conditions ‘The risk cover under the Policy will terminate, imme- diately and automatically, on the earliest occurrence of the following events, i. On the date of lapse [as per Section 6a) & Section 6b) above] ii, The risk cover TI Benefit wil terminate on payment of the TI Benefit, if there is any Remaining Death Benefit under the Policy. il On the date of death, if Death Benefit in instalments has been chosen under the Policy. This Policy shall, immediately and automaticaly, ter- minate on the earliest occurrence of any ofthe follow- ing events i. On the expiry of the Revival Period, for a Policy Lapsed [as per Section ba) & Section 6bIi) above] On payment of the Ti Benefit if there is no Remain- ing Death Benefit under the Policy. i, On the death of Life Assured, if Death Benefit in ump sum has been chosen in the Policy. iv. Onthe payment ofall the last Death Benefit Instat- ment, if Death Benefits instalments has been cho- ssen under the Policy. ¥. On the payment of Maturity Benefit vi. On payment of Surrender Value, vil, On payment of Early Exit Value. viii. On payment of refund in case of cancellation under Free-look. Age Proof 2. The Regular Premium payable under the Policy is calculated on the basis of the Life Assured's Age and gender as declared in the Proposal Form. If the Life Assured's Age has not been admitted by the Company, the Policyholder shall furnish such proof of the Life Assured's Age as is acceptable to the Company and have the Age admittedBajaj Allianz Life eTouch ‘ANon-Linked, Non-Participating, Individual Life Insurance Term Plan UIN: 116N172v06 be different from the Age declared in the Proposal Form, then, without prejudice to the Company's oth- er rights and remedies including those under the Insurance Act 1938, the following actions shall be taken: i. If the correct Age is such as would have made the Life Assured uninsurable under this Policy, the plan of assurance shall stand altered to such plan of assurance as is generally granted by the Company for the Life Assured’s correct Age, ‘which will be subject to the terms and conditions as are applicable to that plan of assurance. Ifitis, not possible to grant any other plan of assurance, the Policy shall stand terminated with immediate effect and the Company shall make payment of a refund comprising of all the Regular Premiums. (excluding applicable taxes) paid, less the pro- Portionate amount of risk premium for the period the Life Assured was on cover and the expenses incurred by the Company on medical examina~ tion and stamp duty expense. ii. If the Life Assured’s correct Age is higher than the Age declared in the Proposal Form, the Reg- ular Premium payable under the Policy shall be altered corresponding to the correct Age of the Life Assured and the accumulated difference between the corrected Regular Premium and the original Regular Premium from the Policy Commencement Date up to the date of such al- teration shall be collected from the Policyholder. If the Policyholder disagrees to pay the same, the Policy will be terminated with immediate effect by the Company and the Policy shall stand ter- minated with immediate effect and the Company shall make payment of a refund comprising of all the Regular Premiums (excluding applicable taxes) paid, less the proportionate amount of risk premium for the period the Life Assured was on cover and the expenses incurred by the Company on medical examination and stamp duty expense. If the Life Assured's correct Age is lower than the Age declared in the Proposal Form, the Reg- ular Premium payable under the Policy shall be altered corresponding to the correct Age of the Life Assured from the next due date of Regular Premium. The Company shall refund the excess premium received (which is the total of the dif- ference between the original Regular Premium and the corrected Regular Premium from the Policy Commencement Date up to the date of such alteration). 14, Assignment ‘Assignment shall be in accordance with provisions of section 38 of the Insurance Act 1938 as amended from lime to time. [A Leaflet containing the simplified version ofthe provisions of section 38 is enclosed in Annexure AA (as given by IRDAI) for reference] 15.Nomination 16. 7. Nomination shall be in accordance with provisions of section 39 of the Insurance Act 1938 as amended from time to time. [4 Leaflet containing the simplified version of the provisions of section 39 is enclosed in Annexure BB (as given by IRDAl) for reference} Fraud, Misrepresentation and forfeiture Fraud, misrepresentation and forfeiture would be dealt with in accordance with provisions of section 45 of the Insurance Act, 1938, as amended from time to time. [A Leaflet containing the simplified version of the provisions of section 45 is enclosed in Annexure CC (as given by IR- DAI) for reference] Notices ‘Any notice, direction or instruction under this Policy which may be in writing or in any kind of electronic/ digital format and if tis to: a. The Policyholder or the Life Assured: i. Shall be sent either by hand, post, courier, fac- simile, Short Messaging Service (SMS), Voice call e-mail or through any other digital/ electronic media to the Policyholder or Life Assured to the address or communication/correspondence de- tails specified by the Policyholder in the Proposal Form or as per subsequent most recent change of address and/or communication/correspon- dence details intimation submitted by him to the Company. ii, The Company shall not be responsible for any consequences arising out of non-intimation of change of the Policyholder's address and/or communication/correspondence details. In case the notice comes back to the Company undeliv- ered to the Policyholder due to any reason, there shall not be any obligation upon the Company to make any attempt again towards dispatch of the notice which was returned undelivered, b. The Company, shall be submitted by hand, post, fac simile or e-mail to the corporate office or any branch office of the Company. Corporate office: Bajaj Allianz Life Insurance Company, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006 Toll Free No. 18002097272 Email: customercare@bajajallianz.co.in Electronic Transactions Subject to Section 17} above, the Policyholder agrees to adhere to and comply with all such terms and con- ditions as the Company may prescribe from time to time with regard to all transactions and hereby agrees and confirms that all transactions (other than those re- quiring a written notice or communication under this Policy) effected by or through facilities for conducting remote transactions including the Internet, World Wide