Product Proposal for achieving your Life Goals

Bajaj Allianz Life ACE

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

Hi Mr. Abc Abc,

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 46 57 99

(12 years)

(54 years)

You Pay You Get

Premium 1st Income Last Income
Including discounts (if any) and Guaranteed Income (A) ₹32,721 ₹32,721
excluding GST
(From Age 46 to 99)
First year
Cash Bonus (B) @8% ₹49,082 @8% ₹49,082
₹ 1,96,000 Yearly
(From Age 46 to 99) @4% ₹4,090 @4% ₹4,090
Second year Income Benefit (A+B) @8% ₹81,803 @8% ₹81,803
onwards (From Age 46 to 99) @4% ₹36,811 @4% ₹36,811
₹ 2,00,000 Yearly
Maturity Benefit (At age 99) @8% ₹1,17,79,590 @4% ₹25,81,934

Total Premium Total Benefits

₹ 23,96,000 @8% ₹ 1,61,96,952 @4% ₹ 45,69,728

Life Cover(At Inception)

22,00,000

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 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 : 60075266273

Bajaj Allianz Life ACE

A Non linked, Participating, Individual Life Insurance Savings Plan

Name of the Prospect/ Policyholder: Abc Abc Name of the Product: Bajaj Allianz Life ACE
Age: 46 Gender: Male Tag Line: A Non linked, Participating, Individual Life
Name of the Life Assured: Abc Abc Insurance Savings Plan
Age: 46 Gender: Male Unique Identification Number: 116N186V03
Premium Payment Term: 12 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: 2,04,820
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* 8,18,026 2,29,788 Accumulate Income No

Benefits
Income Period 54 NA
Bonus Type Cash Bonus, Simple Revisionary Bonus and
Sum Assured on Death (at 22,00,000 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
Instalment Premium without GST (including 1,96,000 0 1,96,000
2.00% discount in 1st year)
Installment Premium without GST(2nd year) 2,00,000 0 2,00,000
Instalment Premium with First Year GST 2,04,820 0 2,04,820
Installment Premium with GST 2nd year 2,04,500 0 2,04,500
Onwards
(Amount in Rupees )
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
Policy Premium Survival Death Maturity Simple Cash Guaranteed Special Simple Cash Guaranteed Special Surrender Surrender Maturity Maturity Benefit incl Death Benefit
Year (Excl of Benefit Benefit Benefit Reversionary Bonus Surrender Surrender Reversionary Bonus Surrender Surrender Value @4% Value @8% Benefit incl Benefit incl TB TB (if any) incl TB (if any)
Bonus Value (GSV) Value (SSV) Bonus Value (GSV) Value (SSV) TB (if any) (if any) @8% @4% @8%
GST) @4%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 1,96,000 32,721 22,00,000 0 574 4,090 0 44,266 5,170 49,082 0 44,680 44,266 44,680 36,811 81,803 22,00,000 22,00,000
2 2,00,000 32,721 22,00,000 0 1,149 4,090 46,432 89,906 10,340 49,082 6,486 90,784 94,073 94,505 36,811 81,803 22,00,574 22,05,170
3 2,00,000 32,721 22,00,000 0 1,723 4,090 99,654 1,37,049 15,511 49,082 11,285 1,38,444 1,44,636 1,45,334 36,811 81,803 22,01,149 22,10,340
4 2,00,000 32,721 22,00,000 0 2,298 4,090 2,52,880 1,85,827 20,681 49,082 73,916 1,87,797 2,52,880 2,02,715 36,811 81,803 22,01,723 22,15,511

O.X.X.X.X
Quotation No : 60075266273

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
Policy Premium Survival Death Maturity Simple Cash Guaranteed Special Simple Cash Guaranteed Special Surrender Surrender Maturity Maturity Benefit incl Death Benefit
Year (Excl of Benefit Benefit Benefit Reversionary Bonus Surrender Surrender Reversionary Bonus Surrender Surrender Value @4% Value @8% Benefit incl Benefit incl TB TB (if any) incl TB (if any)
Bonus Value (GSV) Value (SSV) Bonus Value (GSV) Value (SSV) TB (if any) (if any) @8% @4% @8%
GST) @4%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
5 2,00,000 32,721 22,00,000 0 2,872 4,090 3,16,112 2,36,377 25,851 49,082 92,502 2,38,985 3,16,112 2,57,281 36,811 81,803 22,02,298 22,20,681
6 2,00,000 32,721 22,00,000 0 3,447 4,090 3,79,350 2,88,834 31,021 49,082 1,11,139 3,18,720 3,79,350 3,21,758 36,811 81,803 22,02,872 22,25,851
7 2,00,000 32,721 22,00,000 0 4,021 4,090 4,42,594 3,43,332 36,192 49,082 1,29,833 4,23,943 4,42,594 4,23,943 36,811 81,803 22,03,447 22,31,021
8 2,00,000 32,721 22,00,000 0 4,596 4,090 5,05,845 4,00,001 41,362 49,082 1,48,586 5,47,561 5,05,845 5,47,561 36,811 81,803 22,04,021 22,36,192
9 2,00,000 32,721 22,00,000 0 5,170 4,090 5,87,102 4,58,958 46,532 49,082 1,85,403 6,91,762 5,87,102 6,91,762 36,811 81,803 22,04,596 22,41,362
10 2,00,000 32,721 22,00,000 0 5,745 4,090 6,72,368 5,20,317 51,702 49,082 2,26,289 8,59,236 6,72,368 8,59,236 36,811 81,803 22,05,170 22,46,532
11 2,00,000 32,721 22,00,000 0 6,319 4,090 7,61,641 5,84,181 56,873 49,082 2,71,247 10,52,203 7,61,641 10,52,203 36,811 81,803 23,10,245 23,56,202
12 2,00,000 32,721 22,00,000 0 6,894 4,090 8,54,923 7,63,136 62,043 49,082 3,20,280 13,00,094 8,54,923 13,00,094 36,811 81,803 25,20,000 25,60,873
13 0 32,721 22,00,000 0 7,468 4,090 8,42,213 7,78,636 67,213 49,082 2,63,392 13,84,612 8,42,213 13,84,612 36,811 81,803 25,20,000 25,66,043
14 0 32,721 22,00,000 0 8,043 4,090 8,05,513 7,94,633 72,383 49,082 1,82,587 14,08,859 8,39,407 14,08,859 36,811 81,803 25,20,000 25,71,213
15 0 32,721 22,00,000 0 8,617 4,090 7,92,822 8,11,140 77,553 49,082 1,25,870 14,34,979 8,56,006 14,34,979 36,811 81,803 25,20,000 25,76,383
16 0 32,721 22,00,000 0 9,192 4,090 7,80,142 8,28,193 82,724 49,082 78,488 14,61,760 8,73,112 14,61,760 36,811 81,803 25,20,000 25,81,553
17 0 32,721 22,00,000 0 9,766 4,090 7,67,473 8,45,832 87,894 49,082 80,968 14,89,733 8,90,765 14,89,733 36,811 81,803 25,20,000 25,86,724
18 0 32,721 22,00,000 0 10,340 4,090 7,54,816 8,64,111 93,064 49,082 83,556 15,20,587 9,09,013 15,20,587 36,811 81,803 25,20,000 25,94,829
19 0 32,721 22,00,000 0 10,915 4,090 7,42,173 8,83,087 98,234 49,082 86,263 15,53,343 9,27,911 15,53,343 36,811 81,803 25,20,000 26,11,199
20 0 32,721 22,00,000 0 11,489 4,090 7,29,543 9,02,827 1,03,405 49,082 89,098 15,89,420 9,47,521 15,89,420 36,811 81,803 25,20,000 26,28,229
21 0 32,721 22,00,000 0 12,064 4,090 6,92,929 9,23,387 1,08,575 49,082 90,873 16,25,912 9,66,696 16,25,912 36,811 81,803 25,20,000 26,47,380
22 0 32,721 22,00,000 0 12,638 4,090 6,80,332 9,44,818 1,13,745 49,082 94,000 16,67,475 9,87,884 16,67,475 36,811 81,803 25,20,000 26,67,861
23 0 32,721 22,00,000 0 13,213 4,090 6,67,753 9,67,170 1,18,915 49,082 97,291 17,09,858 10,09,932 17,09,858 36,811 81,803 25,20,000 26,90,282
24 0 32,721 22,00,000 0 13,787 4,090 6,55,194 9,90,480 1,24,086 49,082 1,00,759 17,56,618 10,32,874 17,56,618 36,811 81,803 25,20,000 27,14,243
25 0 32,721 22,00,000 0 14,362 4,090 6,42,656 10,14,764 1,29,256 49,082 1,04,417 18,04,823 10,56,725 18,04,823 36,811 81,803 25,20,000 27,40,397
26 0 32,721 22,00,000 0 14,936 4,090 6,30,140 10,40,044 1,34,426 49,082 1,08,276 18,58,297 10,81,507 18,58,297 36,811 81,803 25,20,000 27,68,295
27 0 32,721 22,00,000 0 15,511 4,090 6,17,648 10,66,320 1,39,596 49,082 1,12,349 19,14,431 11,07,219 19,14,431 36,811 81,803 25,20,000 27,99,255
28 0 32,721 22,00,000 0 16,085 4,090 5,81,181 10,93,589 1,44,766 49,082 1,15,446 19,75,080 11,32,657 19,75,080 36,811 81,803 25,20,000 28,32,847
29 0 32,721 22,00,000 0 16,660 4,090 5,68,740 11,21,839 1,49,937 49,082 1,19,978 20,42,330 11,60,212 20,42,330 36,811 81,803 25,20,085 28,68,550
30 0 32,721 22,00,000 0 17,234 4,090 5,56,327 11,51,061 1,55,107 49,082 1,24,755 21,13,894 11,88,673 21,13,894 36,811 81,803 25,20,660 29,08,505
31 0 32,721 22,00,000 0 17,809 4,090 5,43,941 11,81,233 1,60,277 49,082 1,29,786 21,90,429 12,18,021 21,90,429 36,811 81,803 25,21,234 29,50,855
32 0 32,721 22,00,000 0 18,383 4,090 5,31,585 12,12,344 1,65,447 49,082 1,35,081 22,74,449 12,48,245 22,74,449 36,811 81,803 25,21,809 29,97,880
33 0 32,721 22,00,000 0 18,958 4,090 5,19,259 12,44,380 1,70,618 49,082 1,40,649 23,65,704 12,79,329 23,65,704 36,811 81,803 25,22,383 30,49,102
34 0 32,721 22,00,000 0 19,532 4,090 4,82,964 12,77,337 1,75,788 49,082 1,45,298 24,67,427 13,10,070 24,67,427 36,811 81,803 25,22,958 31,04,732
35 0 32,721 22,00,000 0 20,106 4,090 4,70,702 13,11,209 1,80,958 49,082 1,51,437 25,77,452 13,42,862 25,77,452 36,811 81,803 25,23,532 31,64,981
36 0 32,721 22,00,000 0 20,681 4,090 4,58,473 13,46,003 1,86,128 49,082 1,57,875 27,00,837 13,76,507 27,00,837 36,811 81,803 25,24,106 32,31,716
37 0 32,721 22,00,000 0 21,255 4,090 4,46,278 13,81,747 1,91,299 49,082 1,64,622 28,40,627 14,11,032 28,40,627 36,811 81,803 25,24,681 33,04,440
38 0 32,721 22,00,000 0 21,830 4,090 4,34,119 14,18,483 1,96,469 49,082 1,71,687 29,94,769 14,46,471 29,94,769 36,811 81,803 25,25,255 33,83,439
39 0 32,721 22,00,000 0 22,404 4,090 4,21,996 14,56,282 2,01,639 49,082 1,79,084 31,69,090 14,82,888 31,69,090 36,811 81,803 25,25,830 34,70,796
40 0 32,721 22,00,000 0 22,979 4,090 4,09,912 14,95,239 2,06,809 49,082 1,86,826 33,71,384 15,20,367 33,71,384 36,811 81,803 25,26,404 35,66,943
41 0 32,721 22,00,000 0 23,553 4,090 3,73,868 15,35,511 2,11,979 49,082 1,93,733 36,04,402 15,57,850 36,04,402 36,811 81,803 25,26,979 36,73,262
42 0 32,721 22,00,000 0 24,128 4,090 3,61,868 15,77,306 2,17,150 49,082 2,02,230 38,66,636 15,97,921 38,66,636 36,811 81,803 25,27,553 38,66,636
43 0 32,721 22,00,000 0 24,702 4,090 3,49,914 16,20,918 2,22,320 49,082 2,11,149 41,57,335 16,39,649 41,57,335 36,811 81,803 25,28,128 41,57,335
44 0 32,721 22,00,000 0 25,277 4,090 3,38,013 16,66,759 2,27,490 49,082 2,20,538 44,86,434 16,83,404 44,86,434 36,811 81,803 25,28,702 44,86,434
45 0 32,721 22,00,000 0 25,851 4,090 3,26,171 17,15,393 2,32,660 49,082 2,30,461 48,50,056 17,29,698 48,50,056 36,811 81,803 25,29,277 48,50,056
46 0 32,721 22,00,000 0 26,426 4,090 3,14,398 17,67,589 2,37,831 49,082 2,41,009 52,56,324 17,79,229 52,56,324 36,811 81,803 25,29,851 52,56,324
47 0 32,721 22,00,000 0 27,000 4,090 3,02,709 18,24,431 2,43,001 49,082 2,52,310 57,13,133 18,32,981 57,13,133 36,811 81,803 25,30,426 57,13,133
48 0 32,721 22,00,000 0 27,575 4,090 2,67,125 18,87,409 2,48,171 49,082 2,63,351 62,31,443 18,91,110 62,31,443 36,811 81,803 25,31,000 62,31,443
49 0 32,721 22,00,000 0 28,149 4,090 2,55,675 19,58,597 2,53,341 49,082 2,76,799 68,16,058 19,58,597 68,16,058 36,811 81,803 25,31,575 68,16,058
50 0 32,721 22,00,000 0 28,724 4,090 2,44,402 20,40,939 2,58,512 49,082 2,91,845 75,38,262 20,40,939 75,38,262 36,811 81,803 25,32,149 75,38,262
51 0 32,721 22,00,000 0 29,298 4,090 2,33,371 21,38,610 2,63,682 49,082 3,09,064 83,39,219 21,38,610 83,39,219 36,811 81,803 25,34,009 83,39,219
52 0 32,721 22,00,000 0 29,872 4,090 2,22,676 22,57,628 2,68,852 49,082 3,29,314 92,27,829 22,57,628 92,27,829 36,811 81,803 25,46,005 92,27,829
53 0 32,721 22,00,000 0 30,447 4,090 2,36,462 24,06,792 2,74,022 49,082 3,55,089 1,02,00,563 24,06,792 1,02,00,563 36,811 81,803 25,61,153 1,02,00,563
54 0 32,721 22,00,000 25,50,913 31,021 4,090 0 0 2,79,192 49,082 0 0 0 0 26,18,745 1,18,61,393 25,81,934 1,17,79,590

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
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.

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Quotation No : 60075266273

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 bc Abc………(name), having received the informa on with
benefits under the policy fully to the prospect/policyholder. respect 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.X.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 60075266273
number Schedule
Type of
Policy
3 Insurance Non-Linked other than pure risk and pension
Schedule
Policy
Installment Premium for Year 1 (Rs): 1,96,000
Installment Premium Year 2 onwards (Rs): 2,00,000
Mode of Premium Payment: Annual
Basic Policy Policy
4 Sum Assured on Death (Rs): 22,00,000
Details Schedule
Sum Assured on Maturity (Rs): 25,50,913
Premium Payment Term (Years): 12
Policy Term (Years): 54
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 Any Not Opted
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.