Product Proposal for achieving your Life Goals

Bajaj Allianz Life ACE

A Non linked, Participating, Individual
Life Insurance Savings Plan
UIN: 116N186V03

Hi Mr. A B,

Congratulations on taking the first step towards fulfilling your Life Goals with Bajaj Allianz Life Insurance. You
have opted for Bajaj Allianz Life ACE , a truly modular product where you are the one in charge of your financial
plan along with life cover

Key Features

Decide your Income Wide range of policy term Choice of premium Life Cover to Comprehensive Tax Benefits
amount and Income from 10 to 85 years or up payment term from 5 to secure your coverage through
start year to age 100 years 10 year or 12 years planned Life multiple riders
Goals
 Here's your illustration of Bajaj Allianz Life ACE

Age 35 44 99

(10 years)

(65 years)

You Pay You Get

Premium 1st Income Last Income
Including discounts (if any) and Guaranteed Income (A) ₹15,504 ₹15,504
excluding GST
(From Age 35 to 99)
First year
Cash Bonus (B) @8% ₹23,257 @8% ₹23,257
₹ 98,000 Yearly
(From Age 35 to 99) @4% ₹1,938 @4% ₹1,938
Second year Income Benefit (A+B) @8% ₹38,761 @8% ₹38,761
onwards (From Age 35 to 99) @4% ₹17,442 @4% ₹17,442
₹ 1,00,000 Yearly
Maturity Benefit (At age 99) @8% ₹83,21,606 @4% ₹11,12,536

Total Premium Total Benefits

₹ 9,98,000 @8% ₹ 1,08,41,071 @4% ₹ 22,46,266

Life Cover(At Inception)

11,00,000

Additional Coverages ( signifies Opted | signifies Not-opted )

Accidental death Benefit Accidental Permanent Total/Partial Family Income Benefit

Disability Benefit

Critical Illness Benefit Waiver of Premium benefit

2
Above Additonal Coverages Premiums are excluding GST
^Premiums are payable at the beginning of year; ^^Benefits to be received at the end of year. Product features mentioned above are dependent on benefit chosen.The assumed rate of returns indicated
at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.The guaranteed 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. Product features mentioned above are dependent on benefit chosen
 Why Bajaj Allianz Life

Total Asset Under AAA; Stable Number of Lives

Managment (AUM) Rating by CARE Covered

Claim settlement Get 1 Day Claim Solvency Ratio

Ratio Approval

~Individual Death Claim Settlement Ratio for FY 2023-2024. | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated
150% | % 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 | $For details refer to
press release published by CARE | **All figures as on 31 March, 2024 | #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

3
Bajaj A llianz L ife Insurance Co.L td., CIN : U66010P N 2001P L C015959 | IRDA I Reg.N o. 116 BEW ARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /
Mail us: customercare@bajajallianz.co.in | Call on: T oll free no. 1800 209 7272 FRADULENT OFFERS -
Registered O ffice A ddress: Bajaj A llianz House, A irport Road, Yerawada, P une - 411006, IRDAI or its officials do not involve in activities like selling
Maharashtra insurance policies, announcing bonus or investment of
T he L ogo of Bajaj A llianz L ife Insurance Co. L td. is provided on the basis of license given premiums. Public receiving such phone calls are requested to
by Bajaj Finserv L td.to use its "Bajaj" L ogo and A llianz SE to use its "A llianz" logo. lodge a police complaint.
Quotation No : 60073702853

Bajaj Allianz Life ACE

A Non linked, Participating, Individual Life Insurance Savings Plan

Name of the Prospect/ Policyholder: AB Name of the Product: Bajaj Allianz Life ACE
Age: 35 Gender: Male Tag Line: A Non linked, Participating, Individual Life
Name of the Life Assured: AB Insurance Savings Plan
Age: 35 Gender: Male Unique Identification Number: 116N186V03
Premium Payment Term: 10 GST Rate(First Year): 4.50%
Policy Term: Maturity Age 100 GST Rate(2nd Year onwards): 2.25%
Deferment Period: 0
Amount of Instalment Premium: 1,02,410
Mode of Payment of Premium: Annual
How to read and understand this benefit illustration?
This benefit illustration is intented to show year-wise premiums payable and benefits under the policy, at two assumed rates of
interest i.e., 8% p.a. and 4% p.a.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on
life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table
on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future
investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits
of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

Policy Details

Early Income Wealth Income Benefit Annually

Frequency

Premium Allocation 95% 5% Goal Protection No

Benefit

Benefit Sum Assured* 3,87,610 1,92,718 Accumulate Income No

Benefits
Income Period 65 NA
Bonus Type Cash Bonus, Simple Revisionary Bonus and
Sum Assured on Death (at 11,00,000 Terminal Bonus
inception of policy)

*Benefit Sum Assured will be used for calculating Guaranteed Income and declaring Bonuses, and will not be payable on Maturity or
Death.

Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST (including 98,000 0 98,000
2.00% discount in 1st year)
Installment Premium without GST(2nd year) 1,00,000 0 1,00,000
Instalment Premium with First Year GST 1,02,410 0 1,02,410
Installment Premium with GST 2nd year 1,02,250 0 1,02,250
Onwards
(Amount in Rupees )

O.X.X.A.X
Quotation No : 60073702853

Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit @ 4% p.a. Non Guaranteed Benefit @ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annualized Accrued Accrued Survival and Survival and Death Death
Policy Premium Survival Death Maturity Simple Cash Guaranteed Special Simple Cash Guaranteed Special Surrender Surrender Maturity Maturity Benefit incl Benefit incl
Year (Excl of Benefit Benefit Benefit Reversionary Bonus Surrender Surrender Reversionary Bonus Surrender Surrender Value @4% Value @8% Benefit incl Benefit incl TB (if any) TB (if any)
Bonus Value (GSV) Value (SSV) Bonus Value (GSV) Value (SSV) TB (if any) TB (if any) @4% @8%
GST) @4% @8%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 98,000 15,504 11,00,000 0 482 1,938 0 27,004 4,336 23,257 0 27,349 27,004 27,349 17,442 38,761 11,00,000 11,00,000
2 1,00,000 15,504 11,00,000 0 964 1,938 25,160 54,895 8,672 23,257 3,406 55,625 56,807 57,168 17,442 38,761 11,00,482 11,04,336
3 1,00,000 15,504 11,00,000 0 1,445 1,938 52,746 83,751 13,008 23,257 5,906 84,911 87,272 87,855 17,442 38,761 11,00,964 11,08,672
4 1,00,000 15,504 11,00,000 0 1,927 1,938 1,30,335 1,13,652 17,345 23,257 45,897 1,15,291 1,30,335 1,22,048 17,442 38,761 11,01,445 11,13,008
5 1,00,000 15,504 11,00,000 0 2,409 1,938 1,62,928 1,44,683 21,681 23,257 57,460 1,46,852 1,62,928 1,55,081 17,442 38,761 11,01,927 11,17,345
6 1,00,000 15,504 11,00,000 0 2,891 1,938 1,95,527 1,76,927 26,017 23,257 69,066 2,06,558 1,95,527 2,06,586 17,442 38,761 11,02,409 11,21,681
7 1,00,000 15,504 11,00,000 0 3,373 1,938 2,28,130 2,10,465 30,353 23,257 80,719 2,74,563 2,28,130 2,74,563 17,442 38,761 11,02,891 11,26,017
8 1,00,000 15,504 11,00,000 0 3,854 1,938 2,60,739 2,45,377 34,689 23,257 92,421 3,55,052 2,60,739 3,55,052 17,442 38,761 11,03,373 11,30,353
9 1,00,000 15,504 11,00,000 0 4,336 1,938 3,02,354 2,81,736 39,025 23,257 1,13,177 4,48,947 3,02,354 4,48,947 17,442 38,761 11,03,854 11,34,689
10 1,00,000 15,504 11,00,000 0 4,818 1,938 3,45,976 3,54,221 43,362 23,257 1,35,990 5,66,543 3,71,744 5,66,543 17,442 38,761 11,04,336 11,39,025
11 0 15,504 11,00,000 0 5,300 1,938 3,28,604 3,61,428 47,698 23,257 97,862 6,06,823 3,78,467 6,06,823 17,442 38,761 11,04,818 11,43,362
12 0 15,504 11,00,000 0 5,782 1,938 3,21,238 3,68,876 52,034 23,257 69,796 6,15,572 3,85,914 6,15,572 17,442 38,761 11,05,300 11,47,698
13 0 15,504 11,00,000 0 6,263 1,938 3,13,881 3,76,560 56,370 23,257 41,796 6,24,592 3,93,580 6,24,592 17,442 38,761 11,05,782 11,52,034
14 0 15,504 11,00,000 0 6,745 1,938 2,96,530 3,84,480 60,706 23,257 33,518 6,34,161 4,00,966 6,34,161 17,442 38,761 11,06,263 11,56,370
15 0 15,504 11,00,000 0 7,227 1,938 2,89,188 3,92,643 65,042 23,257 34,920 6,44,983 4,09,077 6,44,983 17,442 38,761 11,06,745 11,60,706
16 0 15,504 11,00,000 0 7,709 1,938 2,81,854 4,01,061 69,378 23,257 36,400 6,56,223 4,17,427 6,56,223 17,442 38,761 11,07,227 11,65,042
17 0 15,504 11,00,000 0 8,191 1,938 2,64,530 4,09,756 73,715 23,257 37,462 6,67,655 4,25,535 6,67,655 17,442 38,761 11,07,709 11,69,378
18 0 15,504 11,00,000 0 8,672 1,938 2,57,216 4,18,751 78,051 23,257 39,113 6,79,949 4,34,423 6,79,949 17,442 38,761 11,08,191 11,73,715
19 0 15,504 11,00,000 0 9,154 1,938 2,49,912 4,28,075 82,387 23,257 40,861 6,93,117 4,43,617 6,93,117 17,442 38,761 11,08,672 11,78,051
20 0 15,504 11,00,000 0 9,636 1,938 2,32,620 4,37,756 86,723 23,257 42,214 7,07,485 4,52,645 7,07,485 17,442 38,761 11,09,154 11,82,387
21 0 15,504 11,00,000 0 10,118 1,938 2,25,340 4,47,819 91,059 23,257 44,181 7,22,157 4,62,531 7,22,157 17,442 38,761 11,09,636 11,86,723
22 0 15,504 11,00,000 0 10,599 1,938 2,18,075 4,58,290 95,395 23,257 46,273 7,38,130 4,72,798 7,38,130 17,442 38,761 11,10,118 11,91,059
23 0 15,504 11,00,000 0 11,081 1,938 2,10,824 4,69,188 99,732 23,257 48,498 7,54,775 4,83,466 7,54,775 17,442 38,761 11,10,599 11,95,395
24 0 15,504 11,00,000 0 11,563 1,938 1,93,589 4,80,524 1,04,068 23,257 50,368 7,73,156 4,94,045 7,73,156 17,442 38,761 11,11,081 11,99,732
25 0 15,504 11,00,000 0 12,045 1,938 1,86,372 4,92,306 1,08,404 23,257 52,891 7,92,545 5,05,541 7,92,545 17,442 38,761 11,11,563 12,04,068
26 0 15,504 11,00,000 0 12,527 1,938 1,79,172 5,04,534 1,12,740 23,257 55,576 8,13,071 5,17,458 8,13,071 17,442 38,761 11,12,045 12,08,504
27 0 15,504 11,00,000 0 13,008 1,938 1,61,991 5,17,202 1,17,076 23,257 57,933 8,34,840 5,29,286 8,34,840 17,442 38,761 11,12,527 12,21,730
28 0 15,504 11,00,000 0 13,490 1,938 1,54,831 5,30,300 1,21,412 23,257 60,970 8,57,970 5,42,020 8,57,970 17,442 38,761 11,13,008 12,35,543
29 0 15,504 11,00,000 0 13,972 1,938 1,47,691 5,43,810 1,25,748 23,257 64,193 8,83,680 5,55,143 8,83,680 17,442 38,761 11,13,490 12,51,065
30 0 15,504 11,00,000 0 14,454 1,938 1,30,573 5,57,713 1,30,085 23,257 67,109 9,11,028 5,68,135 9,11,028 17,442 38,761 11,13,972 12,67,257
31 0 15,504 11,00,000 0 14,936 1,938 1,23,476 5,71,985 1,34,421 23,257 70,725 9,39,505 5,81,976 9,39,505 17,442 38,761 11,14,454 12,84,715
32 0 15,504 11,00,000 0 15,417 1,938 1,16,403 5,86,600 1,38,757 23,257 74,544 9,71,000 5,96,143 9,71,000 17,442 38,761 11,14,936 13,04,114
33 0 15,504 11,00,000 0 15,899 1,938 99,352 6,01,530 1,43,093 23,257 78,072 10,03,803 6,10,108 10,03,803 17,442 38,761 11,15,417 13,24,933
34 0 15,504 11,00,000 0 16,381 1,938 92,325 6,16,744 1,47,429 23,257 82,311 10,39,255 6,24,843 10,39,255 17,442 38,761 11,15,899 13,47,225
35 0 15,504 11,00,000 0 16,863 1,938 85,322 6,32,207 1,51,765 23,257 86,764 10,77,499 6,39,817 10,77,499 17,442 38,761 11,16,381 13,71,046
36 0 15,504 11,00,000 0 17,345 1,938 78,343 6,47,886 1,56,102 23,257 91,431 11,18,660 6,54,996 11,18,660 17,442 38,761 11,16,863 13,97,836
37 0 15,504 11,00,000 0 17,826 1,938 61,387 6,63,744 1,60,438 23,257 95,813 11,62,170 6,69,849 11,62,170 17,442 38,761 11,17,345 14,25,623
38 0 15,504 11,00,000 0 18,308 1,938 54,455 6,79,743 1,64,774 23,257 1,00,908 12,10,297 6,85,339 12,10,297 17,442 38,761 11,17,826 14,56,597
39 0 15,504 11,00,000 0 18,790 1,938 47,547 6,95,842 1,69,110 23,257 1,06,213 12,60,273 7,00,928 12,60,273 17,442 38,761 11,18,308 14,89,420
40 0 15,504 11,00,000 0 19,272 1,938 44,358 7,11,999 1,73,446 23,257 1,11,226 13,16,749 7,16,077 13,16,749 17,442 38,761 11,18,790 15,25,684
41 0 15,504 11,00,000 0 19,754 1,938 45,438 7,28,172 1,77,782 23,257 1,16,939 13,76,112 7,31,746 13,76,112 17,442 38,761 11,19,272 15,64,760
42 0 15,504 11,00,000 0 20,235 1,938 46,538 7,44,316 1,82,119 23,257 1,22,846 14,42,492 7,47,393 14,42,492 17,442 38,761 11,19,754 16,07,562
43 0 15,504 11,00,000 0 20,717 1,938 47,160 7,60,386 1,86,455 23,257 1,28,439 15,12,079 7,62,476 15,12,079 17,442 38,761 11,20,235 16,53,424
44 0 15,504 11,00,000 0 21,199 1,938 48,301 7,76,337 1,90,791 23,257 1,34,708 15,90,898 7,77,952 15,90,898 17,442 38,761 11,20,717 17,03,295
45 0 15,504 11,00,000 0 21,681 1,938 49,460 7,92,123 1,95,127 23,257 1,41,141 16,76,792 7,93,276 16,76,792 17,442 38,761 11,21,199 17,58,202
46 0 15,504 11,00,000 0 22,163 1,938 50,136 8,07,700 1,99,463 23,257 1,47,225 17,70,953 8,07,907 17,70,953 17,442 38,761 11,21,681 18,17,476
47 0 15,504 11,00,000 0 22,644 1,938 51,327 8,23,021 2,03,799 23,257 1,53,947 18,75,538 8,23,021 18,75,538 17,442 38,761 11,22,163 18,83,087
48 0 15,504 11,00,000 0 23,126 1,938 52,532 8,38,044 2,08,135 23,257 1,60,790 19,92,886 8,38,044 19,92,886 17,442 38,761 11,22,644 19,92,886
49 0 15,504 11,00,000 0 23,608 1,938 53,249 8,52,727 2,12,472 23,257 1,67,238 21,22,615 8,52,727 21,22,615 17,442 38,761 11,23,126 21,22,615
50 0 15,504 11,00,000 0 24,090 1,938 54,475 8,67,028 2,16,808 23,257 1,74,275 22,62,350 8,67,028 22,62,350 17,442 38,761 11,23,608 22,62,350
51 0 15,504 11,00,000 0 24,572 1,938 55,709 8,80,911 2,21,144 23,257 1,81,381 24,16,398 8,80,911 24,16,398 17,442 38,761 11,24,090 24,16,398
52 0 15,504 11,00,000 0 25,053 1,938 56,949 8,94,341 2,25,480 23,257 1,88,539 25,88,359 8,94,341 25,88,359 17,442 38,761 11,24,572 25,88,359
53 0 15,504 11,00,000 0 25,535 1,938 57,692 9,07,282 2,29,816 23,257 1,95,229 27,77,972 9,07,282 27,77,972 17,442 38,761 11,25,053 27,77,972
54 0 15,504 11,00,000 0 26,017 1,938 58,937 9,19,702 2,34,152 23,257 2,02,432 29,84,896 9,19,702 29,84,896 17,442 38,761 11,25,535 29,84,896
55 0 15,504 11,00,000 0 26,499 1,938 60,181 9,31,573 2,38,489 23,257 2,09,626 32,18,300 9,31,573 32,18,300 17,442 38,761 11,26,017 32,18,300
56 0 15,504 11,00,000 0 26,981 1,938 60,921 9,42,857 2,42,825 23,257 2,16,291 34,74,953 9,42,857 34,74,953 17,442 38,761 11,26,499 34,74,953
57 0 15,504 11,00,000 0 27,462 1,938 62,156 9,53,517 2,47,161 23,257 2,23,402 37,62,349 9,53,517 37,62,349 17,442 38,761 11,26,981 37,62,349
58 0 15,504 11,00,000 0 27,944 1,938 63,381 9,63,504 2,51,497 23,257 2,30,431 40,83,938 9,63,504 40,83,938 17,442 38,761 11,27,462 40,83,938
59 0 15,504 11,00,000 0 28,426 1,938 64,094 9,72,742 2,55,833 23,257 2,36,842 44,44,445 9,72,742 44,44,445 17,442 38,761 11,27,944 44,44,445
60 0 15,504 11,00,000 0 28,908 1,938 65,287 9,81,115 2,60,169 23,257 2,43,580 48,52,250 9,81,115 48,52,250 17,442 38,761 11,28,426 48,52,250
61 0 15,504 11,00,000 0 29,389 1,938 66,655 9,93,059 2,64,505 23,257 2,51,894 53,54,915 9,93,059 53,54,915 17,442 38,761 11,28,908 53,54,915
62 0 15,504 11,00,000 0 29,871 1,938 67,789 10,10,177 2,68,842 23,257 2,62,099 59,15,294 10,10,177 59,15,294 17,442 38,761 11,29,389 59,15,294
63 0 15,504 11,00,000 0 30,353 1,938 69,825 10,34,782 2,73,178 23,257 2,76,429 65,32,141 10,34,782 65,32,141 17,442 38,761 11,34,910 65,32,141
64 0 15,504 11,00,000 0 30,835 1,938 72,973 10,70,225 2,77,514 23,257 2,96,754 72,12,612 10,70,225 72,12,612 17,442 38,761 11,44,956 72,12,612
65 0 15,504 11,00,000 10,81,219 31,317 1,938 0 0 2,81,850 23,257 0 0 0 0 11,29,978 83,60,367 11,60,036 83,21,606

There are mul ple product op ons in the product. I understand that returns vary under each op on. I have made choice of inves ng in more
than one product option considering my need and understanding the benefit under each option.
Notes: Annualized Premium excludes underwri ng extra premium, frequency loadings on premiums, the premiums paid towards the riders, if
any, and Goods & Service Tax. Refer Sales literature for explanation of terms used in this illustration.
1. The above benefit illustra on demonstrates premium paid at the beginning of the year and all the benefits (other than cash bonus and
guaranteed Income) are paid out at the end of year. Cash Bonus and Guaranteed Income will be paid as per the ming of payout opted by the

O.X.X.A.X
Quotation No : 60073702853

customer.
2. The Survival Benefits are payable during the policy year when they are due as per the frequency. Upon payment at Maturity (Last Payout),
the policy terminates, and no further benefits become payable. The Maturity benefit will be the sum of Sum Assured on Maturity plus
Accumulated Income benefits, if not paid earlier, plus Terminal Bonus (if declared).
3. The surrender value payable will be higher of Guaranteed Surrender Value or Special Surrender Value (including any Terminal Bonus
payable, if declared) and is illustrated under 'Total Surrender Benefit' columns.
4. Surrender value illustrated above is end of the policy year value. The Special Surrender Value (SSV) displayed above are not guaranteed and
only indica ve. The Company shall comply with prevailing guidelines w.r.t SSV issued by IRDAI from me to me. Upon payment of surrender
benefit, the policy terminates, and no further benefit becomes payable.
5. The death benefits shown above are at the end of the year. Upon payment of death benefit the policy terminates and no further benefit is
payable. Not Applicable for Policies with Goal Protection Benefit.
6. Income Tax benefits would be available as per the prevailing income tax laws.
7. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
8. RB - Reversionary Bonus, TB - Terminal Bonus
9. On payment at Maturity (Last Payout), the policy terminates and no further benefits become payable.

I,……….….…….(name), have explained the premiums, charges and I………A B………(name), having received the informa on with respect
benefits under the policy fully to the prospect/policyholder. to the above, have understood the above statement before
entering into the contract.

Place:
Date: Signature of Agent/ Intermediary/ Official 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

O.X.X.A.X
 CUSTOMER INFORMATION SHEET / KNOW Y OUR 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.

Policy
Sr. Description in Simple Words
Title Clause
No. (Please refer to applicable Policy Clause Number in next column)
Number
Name of the
Insurance
Product and Bajaj Allianz Life ACE Policy
1
Unique (UIN - 116N186V03) Schedule
Identification
Number (UIN)
Quotation Policy
2 60073702853
number Schedule
Type of
Policy
3 Insurance Non-Linked other than pure risk and pension
Schedule
Policy
Installment Premium for Year 1 (Rs): 98,000
Installment Premium Year 2 onwards (Rs): 1,00,000
Mode of Premium Payment: Annual
Basic Policy Policy
4 Sum Assured on Death (Rs): 11,00,000
Details Schedule
Sum Assured on Maturity (Rs): 10,81,219
Premium Payment Term (Years): 10
Policy Term (Years): 65
Benefits payable on maturity-
Part C
On maturity of the Policy, sum assured on maturity, accumulated income
Section 4
benefits (if any) and bonuses, if declared will be paid.
Benefits payable on death-
Part C
On death of Life assured during the policy term, sum assured on death,
105% of accumulated income benefits (if any) and bonuses, if declared will Section 4
be paid.
 Survival Benefits excluding that payable on maturity -

i.) Option 1- Deferred Income: Guaranteed Income plus cash bonuses, if

declared will be paid after the end of the Premium Payment Term and
Deferment period and is payable till the end of policy term.

ii.) Option 2- Early Income: Guaranteed Income plus cash bonuses, if

declared will be paid after the end of Deferment period and is payable for
the end of policy term. Part C
iii.) Option 3- Increasing Income: Guaranteed Income plus cash bonuses, if Section 4
Policy
declared will be paid after the end of the Premium Payment Term and
5 Coverage/ben
Deferment period and is payable till the end of policy term. These incomes
efits payable
will be declared as a percentage of the Benefit Sum Assured. Benefit Sum
Assured is guaranteed to increase at 5% p.a. (on compounding basis) every
year. The increased Benefit Sum Assured will be used for calculation of
respective years Guaranteed Incomes and Cash bonuses.

iv.) Option 4- Wealth: No Survival benefit is paid.

Surrender Benefits

The policyholder will have the option to surrender the policy. The
surrender value payable will be the higher of the guaranteed surrender
value (GSV) or the special surrender value (SSV). Part D
The policy will acquire a GSV provided two (2) full years' regular
Section 8
premiums have been paid. SSV shall become payable after completion
of first (1st) policy year provided at least one (1) full
years' regular premium has been received.
A product option alone in a policy cannot be surrendered.
Options to policyholders for availing benefits, if any, covered under
the policy -
Part D
You can avail the policy survival benefits in yearly, half-yearly,
quarterly and monthly instalments (in advance or arrears) or Section
accumulate within the policy. The accumulated amount can be 10
withdrawn anytime during the policy term
Option to take Death/ Maturity Benefit in Installments
Other benefits/options payable, specific to the policy, if any:

No other benefit payable other than survival, maturity, surrender and death -
benefit
Lock-in period for Linked Insurance products:
-
Not Applicable
Options
available (in Not
6 case of Linked Not Applicable Applicabl
Insurance e
Products)
 Option
available(in Not
7 case of Not Applicable Applicabl
Annuity e
product)
Riders Opted if Policy
8 Not Opted
Any Schedule
Suicide Exclusions: In case of death of Life Assured due to suicide within
Exclusions
twelve (12) months from the Date of Commencement of Risk or the date of
(events where Part F
latest revival of the Policy, whichever is later, then, the Claimant shall be
insurance
9 entitled to receive the higher of 80% of the total premiums received till the Section
coverage is
date of death of the Life Assured or the Surrender Value, if any, available as 12
not payable), if
on the date of death, provided the Policy is in-force and the Policy will be
any
terminated. There are no other exclusions in the Policy.
Not
Waiting /lien
10 Not Applicable Applicabl
Period, if any
e

Thirty (30) days for premium payment frequencies other than monthly and Part B
11 Grace Period
fifteen (15) days for monthly frequency. Section 1

Free Look Part D

12 30 Days
Period Section 5
1) Non- payment of premium -

If at least one (1) full years premium is not paid, the policy will,
Part D
immediately & automatically, lapse at the expiry of the grace period,
and no benefit other than the Accumulated income benefit, if any, will Section
be payable under the policy. The Accumulated income benefit, if any, 6
Lapse, paid-up
in the policy will be paid out at the end of grace period.
13 and Revival of
If at least one (1) full years premium has been paid and subsequent and
the Policy
premiums are not paid, then, the policy will be, immediately &
automatically, converted to a reduced paid-up policy at the expiry of Part B
the grace period.
Section 1
2) Revival of the policy - Within five (5) years from the due date of the first
unpaid premium, before the Maturity Date.
You will have the option to take Policy loan, subject to a maximum limit of Part D
Policy Loan If 80% of the [Surrender Value less TB on surrender (if any) less any AIB] +
14 Section
Applicable 50% of TB on surrender (if any). Loan interest rate applicable for the loan
will be as decided by the company from time-to-time. 11
 1. 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-
web/pdf/customer-services/services-tat.pdf

2. Helpline/Call Centre Numbers:

1800-209-7272 (Toll Free)

Claims / Part F
Mail Us : customercare@bajajallianz.co.in
15 Claims Section
Procedure 3. Contact details of the insurer:
22
Bajaj Allianz Life Insurance Company Limited
House, Ground Floor, Bajaj Allianz, Airport Rd, Yerawada, Pune,
Maharashtra 411006

4. 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

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: Part G
Policy
16 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance Company Section
Servicing
Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, Pune – 25
411006
2. By Email: customercare@bajajallianz.co.in

Link for downloading applicable forms and list of documents required

including bank account details:

https://bajajallianzlifeonline.co.in/online/portal/logon/serviceRequest.do?
user_name=WEBSITE&p_flag=0
 Contact details of Grievance Redressal Officer of the insurer:
Grievance Redressal Officer of the insurer - In case you do not receive a
response within 14 days or if you are not satisfied with the resolution, you
may approach Grievance Redressal Officer at gro@bajajallianz.co.in

Link for registering the grievance with the insurer’s portal:Insurance Part G
Grievances company grievance portal - Section
17
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2 25 and
.7272630.541013491.1717475077- 26
1601763320.1694668355&_gac=1.52751388.1715749803.EAIaIQobChMIy
_eqivKOhgMVdWsPAh0NFQrEEAAYASAAEgJObPD_BwE

Contact details of Ombudsman: Find your nearest Ombudsman office at

http://www.cioins.co.in/ombudsman
 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/tax-saving-investment-plans/bajaj-allianz-life-ace.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.