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Product Proposal For Securing Your Life Goals Product Proposal For Securing Your Life Goals

The document outlines the Bajaj Allianz Life eTouch II, a non-linked, non-participating individual life insurance term plan designed to secure life goals. Key features include death and terminal illness coverage, premium holiday options, and tax benefits, with a total life insurance cover of ₹1,00,00,000 for a premium payment term of 37 years. It also details premium amounts, discounts, and additional coverages available to the policyholder, Pratibha Mahajan, aged 48.

Uploaded by

omprakash mali
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
22 views19 pages

Product Proposal For Securing Your Life Goals Product Proposal For Securing Your Life Goals

The document outlines the Bajaj Allianz Life eTouch II, a non-linked, non-participating individual life insurance term plan designed to secure life goals. Key features include death and terminal illness coverage, premium holiday options, and tax benefits, with a total life insurance cover of ₹1,00,00,000 for a premium payment term of 37 years. It also details premium amounts, discounts, and additional coverages available to the policyholder, Pratibha Mahajan, aged 48.

Uploaded by

omprakash mali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 19

Product Proposal for securing your Life Goals

Bajaj Allianz Life


eTouch II
A Non-Linked, Non-Participating, Individual Life Insurance Term Plan
UIN: 116N198V02

Hi Ms. Pratibha Mahajan,

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 @
(37 years)

Age 48 85

Life Insurance Cover throughout Policy Term


(37 years)

You Pay You Get


Premium Life Insurance Cover ₹ 1,00,00,000
Including discounts (if any) and excluding GST From age 48 to 85

First year ₹ 38,013 Yearly Payable as


Second year onwards ₹ 42,120 Yearly Lumpsum ₹ 1,00,00,000
Monthly Instalments ₹0
(for 480 months)

First Year Premium Discounts ( signifies Applicable | signifies Not-applicable )

Salaried Discount Insurance for All Discount


(5%) (5% discount for first time life insurance buyers)

Additional Coverages ( signifies Opted | signifies Not-opted )

Terminal Illness Benefit FPR - Parental Care

Waiver of Premium Benefit Early Exit Option


During Premium Payment Term

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 FRADULENT OFFERS -
Registered O ffice A ddress: Bajaj A llianz House, A irport Road, Yerawada, P une - 411006, IRDAI is not involved in activities like selling insurance policies,
Maharashtra announcing bonus or investment of premiums. Public
T he L ogo of Bajaj A llianz L ife Insurance Co. L td. is provided on the basis of license given receiving such phone calls are requested to lodge a police
by Bajaj Finserv L td.to use its "Bajaj" L ogo and A llianz SE to use its "A llianz" logo. complaint.
Quotation No : 60068290307

Bajaj Allianz Life eTouch II


A Non-Linked, Non-Participating, Individual Life Insurance Term Plan

Name of the Prospect/ Pratibha Mahajan Name of the Product: Bajaj Allianz Life eTouch II
Policyholder: A Non-Linked, Non-Participating,
Tag Line:
Age (Years): 48 Individual Life Insurance Term Plan
Policyholder's Gender: Female Unique Identification Number: 116N198V02
Name of the Life Assured: Pratibha Mahajan GST Rate(First Year): 18.00%
Age (Years): 48 GST Rate(2nd Year onwards): 18.00%
Life Assured's Gender: Female Tobacco User: No
Policy Term (Years): 37 Premium Category: Medical
Premium Payment Term 37
(Years):
Amount of Instalment 54,001
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.) 1,00,00,000

Death Benefit Payment Option 100% Lump Sum Payout Sum Assured on Death (at 1,00,00,000
inception of the Policy) (Rs.)
Premium Holidays 0

Rider Details
Beneficiary/ Nominee details Premium Monthly
Rider Name Rider Life Assured Rider Sum Policy Payment Income Monthly Rider
Name Name Age Gender Assured Term Term % Income Premium
(Years)
New CIBR - Pratibha Mahajan NA NA NA 10,00,000 20 20 NA NA 7,750
Comprehensive
^New CIBR :Bajaj Allianz Life New Critical Illness Benefit Rider, UIN: 116B058V01

Premium Summary
Base Riders Total Instalment Premium
Installment Premium without GST 42,120 7,750 49,870
Salary Rebate, If available 2,106 0 2,106
Insurance for All Discount, If available 2,001 0 2,001
Geographical Extra, if applicable 0 0 0
Installment Premium without GST after discounts, if applicable 38,013 7,750 45,763
Installment Premium with GST after discounts, if applicable (First Year only) 44,856 9,145 54,001
Installment Premium with GST 2nd Year Onwards 49,702 9,145 58,847
(Amount in Rupees )
Sum Assured on death will be payable as
Lumpsum Rs.1,00,00,000

O.X.X.X.S.X
Quotation No : 60068290307

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed


Policy Annualised
Year Premium* Survival
Benefit Maturity Benefit Death Benefit Accidental Death Benefit Termination Value

1 38,013 0 0 1,00,00,000 0 0

2 42,120 0 0 1,00,00,000 0 0

3 42,120 0 0 1,00,00,000 0 0

4 42,120 0 0 1,00,00,000 0 0

5 42,120 0 0 1,00,00,000 0 0

6 42,120 0 0 1,00,00,000 0 0

7 42,120 0 0 1,00,00,000 0 0

8 42,120 0 0 1,00,00,000 0 0

9 42,120 0 0 1,00,00,000 0 0

10 42,120 0 0 1,00,00,000 0 0

11 42,120 0 0 1,00,00,000 0 0

12 42,120 0 0 1,00,00,000 0 0

13 42,120 0 0 1,00,00,000 0 5,43,453

14 42,120 0 0 1,00,00,000 0 5,85,573

15 42,120 0 0 1,00,00,000 0 6,27,693

16 42,120 0 0 1,00,00,000 0 6,69,813

17 42,120 0 0 1,00,00,000 0 7,11,933

18 42,120 0 0 1,00,00,000 0 0

19 42,120 0 0 1,00,00,000 0 0

20 42,120 0 0 1,00,00,000 0 0

21 42,120 0 0 1,00,00,000 0 0

22 42,120 0 0 1,00,00,000 0 0

23 42,120 0 0 1,00,00,000 0 0

24 42,120 0 0 1,00,00,000 0 0

25 42,120 0 0 1,00,00,000 0 0

26 42,120 0 0 1,00,00,000 0 0

27 42,120 0 0 1,00,00,000 0 0

28 42,120 0 0 1,00,00,000 0 0

29 42,120 0 0 1,00,00,000 0 0

O.X.X.X.S.X
Quotation No : 60068290307

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed


Policy Annualised
Year Premium* Survival
Benefit Maturity Benefit Death Benefit Accidental Death Benefit Termination Value

30 42,120 0 0 1,00,00,000 0 0

31 42,120 0 0 1,00,00,000 0 0

32 42,120 0 0 1,00,00,000 0 0

33 42,120 0 0 1,00,00,000 0 0

34 42,120 0 0 1,00,00,000 0 0

35 42,120 0 0 1,00,00,000 0 0

36 42,120 0 0 1,00,00,000 0 0

37 42,120 0 0 1,00,00,000 0 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 equal to 100% of the Total Premiums Paid (under the base policy) ll the date of exercising the op on. Early Exit Value
op on can be exercised at any me during the first five (5) policy years immediately a er the policyholder has a ained age 60. This op on 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
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, Pra bha Mahajan , having received the informa on with respect
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.,

O.X.X.X.S.X
Quotation No : 60068290307

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.S.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 eTouch II Policy
1
Unique (UIN - 116N198V02) Schedule
Identification
Number (UIN)
Quotation
2 60068290307 -
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.) - 38,013
Instalment Premium Year 2 onwards (Rs.) - 42,120
Mode of premium payment - Annual
Basic Policy Policy
4 Sum Assured on Death (Rs.) - 1,00,00,000
detail Schedule
Sum Assured on Maturity (Rs.) - Not Applicable
Premium payment Term (years) - 37
Policy Term (years) - 37
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. Part C –
Section 3
In case of TI, the maximum pay out shall be limited to lower of Rs 2 Crore
or Sum Assured under the policy. The policy will terminate on the death
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 –

Termination Value, applicable for Life Shield and Life Shield Plus
variant:

Policy Payable only if the Premium Payment Term (PPT) is lesser than Policy
Coverage / Term (PT) and will be applicable only post PPT
5 benefits Termination Value is equal to: [Termination factor X Total Premiums
payable Paid]
Part D –
If PPT is equal to PT, no Termination Value shall be applicable
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
Part D –
Life Shield Plus variant) – Option to get back all your premiums paid
Section
or Termination Value (as applicable). The option can be exercised at
12
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)
Sum
Rider Name UIN
Assured
Riders opted, if New Critical Illness Benefit Rider 116B058V01 10,00,000 Policy
8
any Schedule
For details on the rider, please refer the customer information sheet of the
respective rider.
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
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 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 10% 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/pdf/customer-
services/services-tat.pdf

Helpline/Call Centre Numbers:


Claims / Toll free no (24*7) : 1800 2201 02 Part D –
15 Claims Sr. Citizens Toll free no. : 1800 2269 70 Section 9
Procedure 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
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 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance
16 Section
Servicing
Company Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, 20
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 15 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
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.
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 Bajaj Allianz Life New Critical Illness Benefit Rider Policy
1 Insurance
Schedule
Product/Policy (UIN - 116B058V01)
Quotation Policy
2 60068290307
number Schedule
Type of As per
Benefit (Where an Insurance Policy pays a fixed amount under the policy on
3 Insurance Base
the occurrence of a covered event)
Product/ Policy Policy
Option Sum Assured (Rs.)
Sum Insured
4 Comprehensive 10,00,000 Policy
(Basis)(Along
Schedule
with amount)

Policy
Coverage Critical Illness Benefit:
(What the Part C -
5
policy covers?) On first diagnosis of any one of the critical illness as mentioned in Policy Section 4
(Policy Clause document, the rider sum assured will be paid in lumpsum.
Number/s)
Suicide Clause

In case of death of base policy Life Assured due to suicide within 12 months
from the date of commencement of risk under the rider or from the date of Part D -
revival of the rider, as applicable, the nominee of the Policyholder shall be Section 5
entitled to 80% of the total Rider Premiums paid till the date of death or the
termination value available as on the date of death whichever is higher,
provided the rider is in force.
Other Exclusions

i. There are no other exclusions if the Contingent Event is death.


ii. The critical illness benefit shall not be paid on any of the lives covered
in case of the following conditions:

If the diagnosis of such Critical Illness was made within 90 days of the
start of coverage (i.e. during the waiting period).
If the insured dies within the survival period as per definition from date
of the diagnosis of the covered CI.
Intentional self-inflicted injury, suicide or attempted suicide.
For any medical conditions suffered by the life assured or any medical
procedure undergone by the life assured, if that medical condition or
that medical procedure was caused directly or indirectly by influence of
Exclusions(wh drugs, alcohol, narcotics or psychotropic substances unless taken in
at the policy accordance with the lawful directions and prescriptions of a registered
6
does not medical practitioner.
cover) Engaging in or taking part in hazardous activities*, including but not
limited to, diving or riding or any kind of race; martial arts; hunting;
mountaineering; parachuting, bungee-jumping; under water activities
involving the use of breathing apparatus or not. Annexure
*Hazardous Activities mean any sport or pursuit or hobby, which is - K of
potentially dangerous to the Insured Member whether he is trained or Policy
not. Documen
Participation by the insured person in a criminal or unlawful act with t
criminal intent.
For any medical condition or any medical procedure arising from
nuclear contamination; the radioactive, explosive or hazardous nature
of nuclear fuel materials or property contaminated by nuclear fuel
materials or accident arising from such nature.
For any medical condition or any medical procedure arising either as a
result of war, invasion, act of foreign enemy, hostilities (whether war be
declared or not), armed or unarmed truce, civil war, mutiny, rebellion,
revolution, insurrection, terrorism, military or usurped power, riot or civil
commotion, strikes or participation in any naval, military or air force
operation during peace time.
For any medical condition or any medical procedure arising from
participation by the insured person in any flying activity, except as a
bona fide, fare paying passenger and aviation industry employee like
pilot or cabin crew of a recognized airline on regular routes and on a
scheduled timetable.
Any External Congenital Anomaly which is not as a consequence of
Genetic disorder.
Failure to follow medical advice.
Waiting Period
Time
period
during
which
specified
diseases/t
reatments Part C –
90 days from date of commencement of risk of rider or from the latest date
7 are not
of revival. Section 4
covered
It is
counted
from the
beginning
of the
policy
coverage
Financial limits
of coverage

i)Sub-limit (It is
a pre-defined
limit and the
insurance
company will
not pay any
amount in
excess of this
limit)

ii)Co-payment
(It is a
specified
amount/percen
tage of the
admissible
claim amount
to be paid by i. Sub limit – Not Applicable
policyholder/in ii. Co-payment – Not Applicable
sured) Not
8 iii. Deductible – Not Applicable Applicabl
iii)Deductible iv. Any other limit (as applicable) – Not Applicable e
(It is a
specified
amount:

- Up to which
an insurance
company will
not pay any
claim, and

- Which will be
deducted from
total claim
amount (if
claim amount
is more than
the specified
amount)

iv) Any other


limit (as
applicable)
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/pdf/customer-
services/services-tat.pdf
2. Helpline/Call Centre Numbers:

Toll free no (24*7) : 1800 2201 02

Sr. Citizens Toll free no. : 1800 2269 70


Part F -
Claims/Claims Customer Care No: (022) 40881000
9 Section
Procedure
Board No.: (022) 66867575 15
3. Contact details of the insurer:

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 Part G –
Policy communicate with the Company: As per
10 base
Servicing
1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance policy
Company Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada,
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 15 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 Part G-


Grievances/Co portal: Insurance company grievance portal As per
11
mplaints - https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_g Base
a=2.7272630.541013491.1717475077- Policy
1601763320.1694668355&_gac=1.52751388.1715749803.EAIaIQobChM
Iy_eqivKOhgMVdWsPAh0NFQrEEAAYASAAEgJObPD_BwE

Contact details of Ombudsman: Find your nearest Ombudsman office


at http://www.cioins.co.in/ombudsman

Free look cancellation - 30 days


Policy Renewal - Not applicable Part D –
Things to
12 Migration and Portability - Not applicable Section
remember
Change in sum insured - Not applicable 7
Moratorium Period - Not applicable
Please disclose all pre-existing disease/s or condition/s before buying a
rider. Non-disclosure may affect the claim settlement.
Your Proposal
13 Disclosure of material information while applying for the rider and changes
obligations form
during the rider period should be communicated to Bajaj Allianz Life
Insurance customer care ID via registered email id of the customer.
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/riders-insurance-plans.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.

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