LIFE GOALS. DONE.
# Product Proposal for achieving your Life Goals
## Hi Mr. ,
Congratulations on taking the first step towards securing your Life Goals with
Bajaj Allianz Life Insurance.
You have opted for Bajaj Allianz Life iSecure II, a term plan, which provides:
Key Features
Enchance your protection through our comprehensive riders ro Option to get back
your total premiums paid as Maturity benefit M $ Auto Cover Continuance Benefit
option Early Exit Option TAX Tax Benefits
The key features mentioned above are dependent upon variant chosen.
LIFE GOALS. DONE.
# Here's your illustration of Bajaj Allianz Life iSecure II (Life)
Age
You Pay
Premium Including discounts( any) and excluding GST
First year ₹ 10,598 Yearly
Second year onwards ₹ 10,598 Yearly
You Get
Life Insurance Cover From age 31 to 51 ₹ 25,00,000
Payable as
Lumpsum ₹ 25,00,000
Monthly Instalments (for 0 months) ₹ 0
2
^Premiums are payable at the beginning of year. Product features mentioned above
are dependent on benefit chosen. The Premiums/ Benefits are dependent on the policy
terms, Premium Payment terms availed along with other variable factors. The above
benefits/returns shown in the document are for illustrative purpose only & must be
read in conjunction with the Benefit Illustration. For more details on risk
factors, terms and conditions please read sales brochure & policy document
(available on www.bajajallianzlife.com) carefully before concluding a sale. Tax
benefits as per prevailing Income tax laws shall apply. Please check with your tax
consultant for eligibility.
LIFE GOALS. DONE.
# Why Bajaj Allianz Life
₹ 1,09,829 Crore Total Asset Under Managment (AUM) CARE AAA AAA; Stable STABLE
RATING Rating by CARE 4.19 Crore Number of Lives Covered
23% CLAIM SETTLEMENT RATIO Claim settlement Ratio 1DAY Get 1 Day Claim CLAIM
APPROVAL Approval SOLVENCY 432% RATIO Solvency Ratio
~Individual Death Claim Settlement Ratio for FY 2023-2024. I ^Solvency ratio 432%
as at 31 March 2024 against IRDAI mandated 150% I 96.70% of non-investigative
individual claims approved in one working day for FY 2023-24. 1 day is counted from
date of intimation of claim before 3 PM on a working day (excluding Non-NAV days
for ULIP) at Bajaj Allianz Life offices I $ For details refer to press release
published by CARE I **All figures as on 31 March, 2024 I #Individual & Group.
For more details please refer to Company Factsheet
https://www.bajajallianzlife.com/content/dam/balic/pdf/financialinformation/
Factsheet/none/Q1/Factsheet-FY-2023-2024.pdf
Bajaj Allianz Life Insurance Co.Ltd., CIN: U66010PN2001PLC015959 | IRDAI Reg.No.
116 Mail us: customercare@bajajallianz.co.in I Call on: Toll free no. 1800 209 7272
Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune -
411006, Maharashtra The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided
on the basis of license given by Bajaj Finserv Ltd.to use its "Bajaj" Logo and
Allianz SE to use its "Allianz" logo.
3
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRADULENT OFFERS IRDAI or its
officials do not involve in activities like selling insurance policies, announcing
bonus or investment of premiums. Public receiving such phone calls are requested to
lodge a police complaint.Quotation No : 50069881599
Allianz III
LIFE GOALS. DONE.
# Bajaj Allianz Life iSecure II A Non-Linked Non-Participating, Individual Life
Insurance Term Plan
174074604108
Name of the Prospect/ Policyholder:
Age (Years): 31
Gender Male
Name of the Life Assured:
Age (Years): 31
Gender Male
Policy Term (Years): 20
Premium Payment Term (Years): 10
Amount of Instalment Premium (in Rs.): 12,506
Mode of Payment of Premium: Annual
Name of the Product: Bajaj Allianz Life iSecure II
Tag Line: A Non-Linked Non-Participating, Individual Life Insurance Term Plan
Unique Identification Number: 116N208V01
GST Rate: 18.00%
Tobacco User: Yes
This benefit illustration is intended to show year-wise premiums payable and
benefits under the policy.
Policy Details
Variant : Life Sum Assured (Rs.): 25,00,000
Death Benefit Payment Option 100 % Lump Sum Payout Sum Assured on Death (Rs.):
25,00,000
Maturity Benefit Option LumpSum Payout
Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST 12,044 0 12,044
Online/Web Aggregator / Direct Discount, if applicable 1,445 0 1,445
Installment Premium without GST (after discounts,, if applicable) 10,598
0 10,598
Installment Premium with GST after discount, if applicable (First Year only) 12,506
0 12,506
Installment Premium with GST 2nd year Onwards 14,211 0 14,211
Sum Assured on death will be payable as
Lumpsum Rs.25,00,000
(Amount in Rupees)
Policy Year Annualised Premium Guaranteed Non Guaranteed
Survival Benefit Maturity Benefit Death Benefit Termination Value
1 10,598 0 0 25,00,000 0
2 12,044 0 0 25,00,000 0
3 12,044 0 0 25,00,000 0
4 12,044 0 0 25,00,000 0
5 12,044 0 0 25,00,000 0
6 12,044 0 0 25,00,000 0
W.X.X.XQuotation No 50069881599
Year Annualised Premium Guaranteed Non Guaranteed
Policy Survival Benefit Maturity Benefit Death Benefit Termination
Value
7 12,044 0 0 25,00,000 0
8 12,044 0 0 25,00,000 0
9 12,044 0 0 25,00,000 0
10 12,044 0 0 25,00,000 23,798
11 0 0 0 25,00,000 21,418
12 0 0 0 25,00,000 19,038
13 0 0 0 25,00,000 16,659
14 0 0 0 25,00,000 14,279
15 0 0 0 25,00,000 11,899
16 0 0 0 25,00,000 9,519
17 0 0 0 25,00,000 7,139
18 0 0 0 25,00,000 4,760
19 0 0 0 25,00,000 2,380
20 0 0 0 25,00,000 0
## Notes:
*1. The main objective of this benefit illustration is that the policyholder is
able to understand the features of the product and the nature of benefits under
different circumstances like survival, death & surrender.
*2. The above information must be read in conjunction with Sales Literature &
Policy document. In case of any conflict between this benefit illustration and your
policy document, the latter shall prevail.
*3. The Annualised Premium is exclusive of taxes, underwriting extra premium and
loadings for modal premiums if any
*4. The benefits illustrated are as of at end of the year.
*5. Early Exit Value is equal to 100% of the Total Premiums Paid (under the base
policy) till the date of exercising the option. Early Exit Value option can be
exercised at any time during the first five (5) policy years immediately after the
policyholder has attained age 60. This option can be exercised only if the policy
is in force at the time of availing this Early Exit Value subject to below
conditions:
*At inception of the Policy, the Policyholder's age last birthday must be less than
or equal to 50 years
*The Policy Term chosen at inception must be at least 35 years
*The age last birthday of the Policyholder at maturity of the Policy must be at
least 70 years
*6. Termination value is available post completion of Premium Payment Term.
*7. Tax benefits under the policy will be as per the prevailing Income Tax laws. We
recommend that you seek professional advice for applicability of tax benefit on
premiums paid and benefits received.
*8. For any further clarification, contact our sales representative or e-mail us on
customercare@bajajallianz.co.in
I, (name), have explained the premiums, charges and benefits under the policy fully
to the pect / policyholder
Place: Date: Signature of Agent/ Intermediary/Official
I, (name), having received the
information with respect to the above, have understood the above
statement before entering into the contract.
Date: Signature of Prospect Policyholder
Bajaj Allianz Life Insurance Co. Ltd., Bajaj Allianz House, Airport Road, Yerawada,
Pune - 411006. Reg No.: 116. Tel:(020) 66026777. Email:
customercare@bajajallianz.co.in www.bajajallianzlife.com
W.X.X.X# CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY.
This document provides key information about your policy. You are also advised to
go through your policy document.
We request you to kindly review the CIS and acknowledge the same through a link
shared to you on your registered mobile number/Email ID/WhatsApp.
Sr. No. Title Description in Simple Words (Please refer to applicable Policy
Clause Number in next column) Policy Clause Number
1 Name of the Insurance Product and Unique Identification Number (UIN) Bajaj
Allianz Life iSecure Il (UIN - 116N208V01) Policy Schedule
2 Quotation number @QUOTATIONID
3 Type of Insurance Policy Pure Risk If ROP Variant is opted - Non- Linked
other than pure risk and Savings Policy Schedule
4 Basic Policy Details Installment Premium for year 1 (Rs) - 10,598
Installment Premium year 2 onwards (Rs) - 12,044 Mode of Premium Payment - Annual
Sum Assured on Death (Rs) - 25,00,000 Sum Assured on Maturity (Rs) - Not Applicable
Premium Payment Term (Years) - 10 Policy Term (Years) - 20 Policy Schedule
Benefits payable on maturity (applicable only for ROP Variant) - Total
Premiums Paid shall be payable. Part C - Section 3
Benefits payable on Death (applicable for all plan Variants) - Sum
Assured shall be payable and the policy will terminate, provided the policy is in-
force. Part C - Section 3
Survival Benefits excluding that payable on maturity - Not Applicable
5 Policy Coverage/ben efits payable Surrender Value (Termination Value,
applicable for Life & Easy Variant): Payable only if the Premium Payment Term (PPT)
is lesser than Policy Term (PT) and will be applicable only post PPT Termination
Value is equal to: [Termination factor X Total Premiums Paid] If PPT is equal to
PT, no Termination Value shall be applicable For ROP Variant: The Policy can be
surrendered at any time after completion of the first Policy Year, provided at
least one (1) full Policy Years' Premium has been paid Higher of Guaranteed
Surrender Value (GSV) or Special Surrender Value (SSV) Part D - Section 12
Options to policyholders for availing benefits, if any, covered under
the policy - Early Exit Value (Available only for Life Variant) - Option to get
back all your premiums paid or Surrender Value (as applicable) The option can be
exercised at any time during the first five (5) policy years immediately after the
policyholder has attained age 60. Part D - Section 12
Other benefits/options payable, specific to the policy, if any - Not
Applicable
Lock-in period for Linked Insurance product - Not applicable Not
applicabl e
6 Options available (in case of Linked Insurance Products) Not applicable
Not applicabl e
7 Option available(in case of Annuity product) Not applicable Not
applicabl e
8 Riders Opted if Any Not Opted Policy Schedule
9 Exclusions (events where insurance coverage is not payable), if any
Suicide Exclusion In case of death of the life assured due to suicide, within
12 months from the date of commencement of risk or the date of latest revival of
the policy, whichever is later, the nominee or beneficiary of the policyholder
shall be entitled to receive higher of 80% of the total premiums paid or the
Surrender Value / Termination Value as on the date of death, provided the policy is
in force. There are no other exclusions other than the suicide clause mentioned
above. Part F - Section 13
10 Waiting / lien Period, if any Not Applicable Not Applicabl e
11 Grace Period Thirty (30) days for premium payment frequencies other than
monthly and fifteen (15) days for monthly frequency. Part B - Section 1
12 Free Look Period Thirty (30) Days Part D - Section 7
13 Lapse, paid-up and Revival of the Policy Non-Payment of Premiums (Lapse and
Paid-up): For Life & Easy Variant: If premiums are not paid by the end of the grace
period, the policy will, immediately & automatically, lapse at the expiry of the
grace period. No paid up value is available under the policy For ROP Variant: If at
least first one (1) full years' premiums have not been paid - Policy will,
immediately & automatically, lapse at the expiry of the grace period, and no
benefit will be paid. If at least first one (1) full years' premiums have been paid
under a Policy, and subsequent premiums are not paid - Policy will be converted to
a paid-up policy at expiry of the grace period. Part C- Section 5 & 6
Revival Period: Five (5) years from the due date of the first unpaid
premium Part D - Section 8
14 Policy Loan If Applicable For Life & Easy Variant: Policy loan feature is
not available. Applicable only under ROP Variant: Option to take policy loan,
subject to a maximum limit of 50% of the surrender value available under the
policy. Loan interest rate applicable for the loan will be as decided by the
company from time-to-time. The rate of interest for loan is 10% p.a. compounding
half-yearly. Part D - Section 10
15 Claims / Claims Procedure Turn Around Time (TAT) for claims settlement
and brief procedure: Link for Brief Procedure :
https://www.bajajallianzlife.com/life- insurance-claim-assistance.html Link for
Turn Around Time (TAT) for claims settlement:
https://www.bajajallianzlife.com/content/dam/balic/pdf/customer- services/services-
tat.pdf Helpline/Call Centre Numbers: Toll free no (24*7) : 1800 2201 02 Sr.
Citizens Toll free no. : 1800 2269 70 Customer Care No: (022) 40881000 Board No.:
(022) 66867575 Contact details of the insurer: Bajaj Allianz Life Insurance Company
Limited House, Ground Floor, Bajaj Allianz, Airport Rd, Yerawada, Pune, Maharashtra
411006 Link for downloading claim form and list of documents required including
bank account details: https://www.bajajallianzlife.com/life-insurance-claim-
assistance.html WhatsApp-8806727272 Part D - Section 9
16 Policy Servicing Turn Around Time (TAT):
https://www.bajajallianzlife.com/content/dam/balic/pdf/customer- services/services-
tat.pdf Helpline/Call Centre number: 1800 209 7272 Contact details of the insurer:
In case you have any query, you may communicate with the Company: 1. By post at:
Customer Care Desk, Bajaj Allianz Life Insurance Company Ltd., Bajaj Allianz House,
5th floor, Airport Road, Yerawada, Pune - 411006 2. By Email:
customercare@bajajallianz.co.in Link for downloading applicable form and list of
documents required including bank account details:
https://bajajallianzlifeonline.co.in/online/portal/logon/serviceRequest.do?
user_name=WEBSITE&p_flag=0 Part G - Section 20
*Link for Brief Procedure : https://www.bajajallianzlife.com/life- insurance-claim-
assistance.html
*Link for Turn Around Time (TAT) for claims settlement:
https://www.bajajallianzlife.com/content/dam/balic/pdf/customer- services/services-
tat.pdf
Contact details of Grievance Redressal Officer of the insurer:
Grievance Redressal Officer of the insurer - In case you do not receive a response
within 15 days or if you are not satisfied with the resolution, you may approach
Grievance Redressal Officer at gro@bajajallianz.co.in
Grievances Link for registering the grievance with the insurer's portal:
Insurance company grievance portal- Part G -
17 /Complaints
https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2
7272630.541013491.1717475077-
601763320.1694668355&_gac=1.52751388.1715749803.EAlalQobChMly,
_eqivKOhgMVdWsPAh0NFQrEEAAYASAAEgJObPD_BwE Contact details of Ombudsman: Find your
nearest Ombudsman office at http://www.cioins.co.in/ombudsman Section 20& 21
## Declaration by the policyholder
I have read the above and confirm having noted the details
Place:
Date:
(Signature of the Policy Holder)
Web-link for the product where sample policy document can be downloaded:
https://www.bajajallianzlife.com/term-insurance-plans/isecure-insurance-plan.html
## Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions
mentioned in the policy document shall prevail.
