Product Proposal for securing your Life Goals
Bajaj Allianz Life
eTouch II
A Non-Linked, Non-Participating, Individual Life Insurance Term Plan
UIN: 116N198V04
Hi Mr. Debasish dash,
Congratulations on taking the first step towards securing your Life Goals with Bajaj Allianz Life Insurance.
You have opted for Bajaj Allianz Life eTouch II, a term plan, which provides:
Key Features
Shield for your Extra payout option in Option to get back your Premium Holiday Early Exit Tax Benefits
life to cover case of death total premiums paid as option option
Death & Terminal Illness due to accident Maturity benefit
The key features mentioned above are dependent upon variant chosen
Here's your illustration of Bajaj Allianz Life eTouch II (Life Shield)
Premium Payment Term @
(36 years)
Age 44 79
Life Insurance Cover throughout Policy Term
(36 years)
You Pay You Get
Premium Life Insurance Cover ₹ 5,00,00,000
Including discounts (if any) and excluding GST From age 44 to 79
First year ₹ 1,32,123 Yearly Payable as
Second year onwards ₹ 1,39,077 Yearly Lumpsum ₹ 5,00,00,000
Premium Discounts ( signifies Applicable | signifies Not-applicable )
Salaried Discount Insurance for All Discount
(5% in Year 1 )
Additional Coverages ( signifies Opted | signifies Not-opted )
Terminal Illness Benefit Family Protect Rider Waiver of Premium Benefit
During Premium Payment Term
Early Exit Option Critical Illness Benefit
2
@P r emiums ar e payable at the beginning o f year . P r o duc t featur es mentio ned abo ve ar e dependent o n benefit c ho s en.
P r emiums /Benefits ar e dependent o n the P o lic y ter ms , P r emium payment ter ms availed alo ng with o ther var iable fac to r s .
T he abo ve benefi ts /r etur ns s ho wn in the do c ument ar e fo r illus tr ative pur po s e o nly & mus t be r ead in c o njunc tio n with the Benefi t Illus tr atio n. Fo r mo r e details o n r is k
fac to r s , ter ms and c o nditio ns pleas e r ead s ales br o c hur e & po lic y do c ument (available o n www.bajajallianzlife.c o m) c ar efully befo r e c o nc luding a s ale.Tax benefi ts as per
pr evailing Inc o me tax laws s hall apply. P leas e c hec k with yo ur tax c o ns ultant fo r eligibility.
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 FRAUDULENT 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 : 60075748149
Bajaj Allianz Life eTouch II
A Non-Linked, Non-Participating, Individual Life Insurance Term Plan
Name of the Prospect/ Debasish dash Name of the Product: Bajaj Allianz Life eTouch II
Policyholder: A Non-Linked, Non-Participating,
Tag Line:
Age (Years): 44 Individual Life Insurance Term Plan
Policyholder's Gender: Male Unique Identification Number: 116N198V04
Name of the Life Assured: Debasish dash GST Rate(First Year): 18.00%
Age (Years): 44 GST Rate(2nd Year onwards): 18.00%
Life Assured's Gender: Male Tobacco User: No
Policy Term (Years): 36 Premium Category: Medical
Premium Payment Term 36
(Years):
Amount of Instalment 1,55,905
Premium :
Mode of Payment of Yearly
Premium:
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Variant Life Shield Sum Assured (Rs.) 5,00,00,000
Death Benefit Payment Option 100% Lump Sum Payout Sum Assured on Death (at 5,00,00,000
inception of the Policy) (Rs.)
Premium Holidays 0
Premium Summary
Base Riders Total Instalment Premium
Installment Premium without GST 1,39,077 0 1,39,077
Salary Rebate, If available 0 0 0
Insurance for All Discount, If available 6,954 0 6,954
Geographical Extra, if applicable 0 0 0
Installment Premium without GST after discounts, if applicable 1,32,123 0 1,32,123
Installment Premium with GST after discounts, if applicable (First Year only) 1,55,905 0 1,55,905
Installment Premium with GST 2nd Year Onwards 1,64,111 0 1,64,111
(Amount in Rupees )
Sum Assured on death will be payable as
Lumpsum Rs.5,00,00,000
Benefit Summary (Amount in Rupees)
Guaranteed Non Guaranteed
Policy Year Annualised Premium*
Survival
Benefit Maturity Benefit Death Benefit Termination Value
1 1,32,123 0 0 5,00,00,000 0
O.X.X.X.X.P
Quotation No : 60075748149
Benefit Summary (Amount in Rupees)
Guaranteed Non Guaranteed
Policy Year Annualised Premium*
Survival Maturity Benefit Death Benefit Termination Value
Benefit
2 1,39,077 0 0 5,00,00,000 0
3 1,39,077 0 0 5,00,00,000 0
4 1,39,077 0 0 5,00,00,000 0
5 1,39,077 0 0 5,00,00,000 0
6 1,39,077 0 0 5,00,00,000 0
7 1,39,077 0 0 5,00,00,000 0
8 1,39,077 0 0 5,00,00,000 0
9 1,39,077 0 0 5,00,00,000 0
10 1,39,077 0 0 5,00,00,000 0
11 1,39,077 0 0 5,00,00,000 0
12 1,39,077 0 0 5,00,00,000 0
13 1,39,077 0 0 5,00,00,000 0
14 1,39,077 0 0 5,00,00,000 0
15 1,39,077 0 0 5,00,00,000 0
16 1,39,077 0 0 5,00,00,000 0
17 1,39,077 0 0 5,00,00,000 23,57,355
18 1,39,077 0 0 5,00,00,000 24,96,432
19 1,39,077 0 0 5,00,00,000 26,35,509
20 1,39,077 0 0 5,00,00,000 27,74,586
21 1,39,077 0 0 5,00,00,000 29,13,663
22 1,39,077 0 0 5,00,00,000 0
23 1,39,077 0 0 5,00,00,000 0
24 1,39,077 0 0 5,00,00,000 0
25 1,39,077 0 0 5,00,00,000 0
26 1,39,077 0 0 5,00,00,000 0
27 1,39,077 0 0 5,00,00,000 0
28 1,39,077 0 0 5,00,00,000 0
29 1,39,077 0 0 5,00,00,000 0
30 1,39,077 0 0 5,00,00,000 0
O.X.X.X.X.P
Quotation No : 60075748149
Benefit Summary (Amount in Rupees)
Guaranteed Non Guaranteed
Policy Year Annualised Premium*
Survival
Benefit Maturity Benefit Death Benefit Termination Value
31 1,39,077 0 0 5,00,00,000 0
32 1,39,077 0 0 5,00,00,000 0
33 1,39,077 0 0 5,00,00,000 0
34 1,39,077 0 0 5,00,00,000 0
35 1,39,077 0 0 5,00,00,000 0
36 1,39,077 0 0 5,00,00,000 0
Notes:
1 The main objec ve of this benefit illustra on 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 informa on must be read in conjunc on with Sales Literature & Policy document. In case of any conflict between this benefit
illustration and your policy document, the latter shall prevail.
3. The Death Benefit is payable on the earlier occurrence of death or diagnosis of Terminal Illness of the Life Assured. On diagnosis of Terminal
Illness, maximum benefit payable is Rs 2 crores
4. The Annualised Premium is exclusive of taxes, underwriting extra premium and loadings for modal premiums if any
5. In case the Life Assured is diagnosed with Accidental Total Permanent Disability or Terminal Illness during the policy term, all future
premiums shall be waived
6. The benefits illustrated are as of at end of the year.
7. Early Exit Value is an op on available to the Policyholder in the first five (5) Policy Years immediately a er the Life Assured turns 60 subject
to terms and conditions as mentioned in the Policy Document.
8. Termination value is available post completion of Premium Payment Term
9. Premium Holidays can be exercised as per policy terms and conditions. Please refer to the Sales Literature or Policy Document for details
10. 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.
11.For any further clarification, contact our sales representative or e-mail us on customercare@bajajallianz.co.in
I , , have explained the premiums, charges and benefits under the I, Debasish dash , having received the informa on with respect to
policy fully to the prospect / policyholder. 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.X.X.P
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 eTouch II Policy
1
Unique (UIN - 116N198V04) Schedule
Identification
Number (UIN)
Quotation
2 60075748149 -
number
Type of Pure Risk
Policy
3 Insurance If Life Shield ROP variant is opted – Non-Linked other than pure risk and Schedule
Policy pension
Instalment Premium for Year 1 (Rs.)* - 1,32,123
Instalment Premium Year 2 onwards (Rs.) - 1,39,077
Mode of premium payment - Annual
Sum Assured on Death (Rs.) - 5,00,00,000
Basic Policy Sum Assured on Maturity (Rs.) - Not Applicable Policy
4
detail Premium payment Term (years) - 36 Schedule
Policy Term (years) - 36
*Instalment Premium includes Rider Premium, if opted but excludes
applicable GST & cess and Extra Premium (if any)
Benefits payable on maturity (applicable only for Life Shield
ROP variant) –
Part C –
Total Premiums Paid shall be payable. Section 3
In case TI Benefit has been paid, Premiums proportionate to unclaimed
Sum Assured (if any) shall be payable, provided the Policy is in-force.
Benefits payable on Death / Terminal Illness (TI) (applicable for
all plan variants) – On earlier of death or occurrence of TI, Sum
Assured on Death / TI Sum Assured shall be payable.
In case of TI, the maximum pay out shall be limited to lower of Rs 2 Crore Part C –
or Sum Assured under the policy. The policy will terminate on the death Section 3
of the life assured or on occurrence of TI, subject to policy terms and
conditions.
Survival Benefits excluding that payable on maturity – Not
applicable
Surrender Value –
Policy
Coverage / Termination Value, applicable for Life Shield and Life Shield Plus
5 variant:
benefits
payable
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 Part D –
Section
For Life Shield ROP variant: 12
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)
Options to policyholders for availing benefits, if any, covered
under the policy – Early Exit Value (Only Under Life Shield and
Life Shield Plus variant) –Option to get back higher of all your Part D –
premiums paid plus extra premium charged or Termination Value (as Section
applicable), as per terms & conditions of the policy. 12
The option can be exercised at any time during the first five (5) policy
years immediately after the policyholder has attained age 60.
Other benefits/options payable, specific to the policy, if any –
Accidental Death Benefit (Only Under Life Shield Plus variant) -
If death is due to accident then an additional benefit equal to the
Accidental Death Benefit (ADB) sum assured shall be payable.
Part C –
Lock-in period for Linked Insurance product – Not applicable
Section 3
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 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,
Exclusions whichever is later, the nominee or beneficiary of the policyholder shall be
(events where entitled to receive higher of 80% of the total premiums paid or the Surrender
Part F –
insurance Value as on the date of death, provided the policy is in force.
9 Section
coverage is
13
not payable), if
any.
Accidental Death Benefit and Accidental Total Permanent Disability:
Please refer to Section 13 under the policy document for the applicable
exclusions.
Not
Waiting /lien
10 Not applicable applicabl
Period, if any
e
11 Thirty (30) days for premium payment frequencies other than monthly and Part B –
Grace period
fifteen (15) days for monthly frequency. Section 1
Free Look Part D –
12 Thirty (30) days
Period Section 7
Non-Payment of Premiums (Lapse and Paid-up):
Life Shield Variant & Life Shield Plus Variant: If premiums have not
been paid before the expiry of the grace period, the policy will lapse and no
benefit will be paid.
Part C –
Life Shield ROP Variant: Section 5
Lapse, paid-up &6
13 and revival of If at least first one (1) full years’ premiums have not been paid – Policy
the 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.
Revival Period – Five (5) years from the due date of the first unpaid Part D –
premium Section 8
Applicable only under Life Shield ROP Variant:
Part D –
Policy Loan, if Option to take policy loan, subject to a maximum limit of 50% of the
14 surrender value available under the policy. Loan interest rate applicable for Section
applicable
the loan will be as decided by the company from time-to-time. The rate of 10
interest for loan is 9% p.a. compounding half-yearly.
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
Claims / Helpline/Call Centre Numbers: Part D –
15 Claims
Section 9
Procedure 1800-209-7272 (Toll Free)
Mail Us : customercare@bajajallianz.co.in
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
Turn Around Time
(TAT): https://www.bajajallianzlife.com/content/dam/balic-web/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 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance
16 Section
Servicing Company Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, 19
Pune – 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 -
17 Section
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2
19 & 20
.7272630.541013491.1717475077-
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/term-insurance-plans/etouch-term-insurance-plan.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.
