Product Proposal for achieving your Life Goals
Bajaj Allianz Life
Assured Wealth Goal
A Non-linked, Non-Participating, Individual, Life Insurance Savings Plan
UIN: 116N170V11
Hi Mr. UPENDRA KUMAR,
Congratulations on taking the first step towards fulfilling your Life Goals with Bajaj Allianz Life Insurance.
You have opted for Bajaj Allianz Life Assured Wealth Goal , a savings plan, which provides:
Key Features
Choice of 6 plan Life cover to secure Choice of Income period Option to choose Comprehensive coverage Tax Benefits
options your planned life from range of 10 years to income start date through multiple Riders
goals upto age 99 year
Here's your illustration of Bajaj Allianz Life Assured Wealth Goal (Assured Income)
(10 years) (25 years)
(2 years)
Age 29 38 40 41 65
(12 years)
You Pay You Get
Regular Guaranteed ₹ 40,921 Annually
Premium Payouts
Including discounts (if any) and excluding GST
From Age 41 to 65
First year ₹ 10,000 Quarterly
Second year onwards Return of Premium ₹ 4,00,000
₹ 10,000 Quarterly
At Age 65
Total Premium Total Benefits
₹ 4,00,000 ₹ 14,23,030
Give-Get Life Cover (At Inception)
3.56 x ₹ 12,67,500
Additional Coverages ( signifies Opted | signifies Not-opted )
Family Income Benefit Accidental Death Benefit Accidental Permanent Total/
Partial Disability Benefit
2
Critical Illness Benefit Waiver of Premium Benefit
^Premiums are payable at t he beginning of year; ^^Benefit s t o be received at t he end of year. Product feat ures ment ioned above are dependent on
benefit chosen.The guarant eed benefit s are dependent on t he Policy t erms, Premium payment t erms availed along wit h ot her variable fact ors.The
above benefit s/ret urns shown in t he document are for illust rat ive purpose only & must be read in conjunct ion wit h t he Benefit Illust rat ion. For
more det ails on risk fact ors, t erms and condit ions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully
before concluding a sale.Tax benefit s as per prevailing Income t ax laws shall apply. Please check wit h your t ax consult ant for eligibilit y.
Why Bajaj Allianz Life
Total Asset Under Net Worth Number of Lives
Managment (AUM) Covered
Individual Claim Get 1 day claim As against IRDAI
settlement Ratio Approval mandated 150%
*All figures as on 31 March 2023
For more details please refer to Company Factsheet
https://www.bajajallianzlife.com/content/dam/balic/pdf/financialinformation/Factsheet/none/Q1/Factsheet-FY-2022-2023.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 : 60048227511
Bajaj Allianz Life Assured Wealth Goal
A Non-linked Non-Participating Life Insurance Savings Plan
Name of the Prospect/ Policyholder: UPENDRA KUMAR Name of the Product: Bajaj Allianz Life Assured
Age: 29 Wealth Goal
Gender: Male Tag Line: A Non-linked, Non-Participating,
Individual, Life Insurance Savings Plan
Name of the Life Assured: UPENDRA KUMAR
Unique Identification Number: 116N170V11
Age: 29
GST Rate(First Year): 4.50%
Gender: M
GST Rate(2nd Year onwards): 2.25%
Policy Term: 12 years
Premium Payment Term: 10 years
Deferment Period: 2 years
Amount of Instalment Premium: 10,450
Mode of Payment of Premium: Quarterly
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Variant Assured Income Instalment Income 40,921
Income Period 25 Total Income during the year 40,921
Sum Assured on Death (at
Income Payout Frequency Yearly inception of the Policy) (paid in 12,67,500
instalments*)
Choice of Income Payout date No
Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST 10,000 0 10,000
Installment Premium with First Year GST 10,450 0 10,450
including channel Premium
Installment Premium with GST 2nd year 10,225 0 10,225
Onwards
(Amount in Rupees)
Benefit Summary
Guaranteed Non Guaranteed
Policy Annualised Survival Maturity Death Benefit Guaranteed Surrender Value Special Surrender Value
Year Premium Benefits Benefit (GSV) (SSV)
1 40,000 0 0 12,67,500 0 0
2 40,000 0 0 12,67,500 24,000 31,939
3 40,000 0 0 12,67,500 42,000 52,565
4 40,000 0 0 12,67,500 80,000 76,915
5 40,000 0 0 12,67,500 1,00,000 1,05,534
6 40,000 0 0 12,67,500 1,20,000 1,39,040
7 40,000 0 0 12,67,500 1,40,000 1,78,139
8 40,000 0 0 12,67,500 2,24,000 2,23,632
9 40,000 0 0 12,67,500 2,52,000 2,76,438
10 40,000 0 0 12,67,500 3,20,000 3,37,606
11 0 0 0 12,67,500 3,60,000 4,24,977
O.X.E.A.X
Quotation No : 60048227511
Benefit Summary
Guaranteed Non Guaranteed
Policy Annualised Survival Maturity Death Benefit Guaranteed Surrender Value Special Surrender Value
Year Premium Benefits Benefit (GSV) (SSV)
12 0 0 0 12,67,500 3,60,000 4,70,833
13 0 0 40,921 0 0 0
14 0 0 40,921 0 0 0
15 0 0 40,921 0 0 0
16 0 0 40,921 0 0 0
17 0 0 40,921 0 0 0
18 0 0 40,921 0 0 0
19 0 0 40,921 0 0 0
20 0 0 40,921 0 0 0
21 0 0 40,921 0 0 0
22 0 0 40,921 0 0 0
23 0 0 40,921 0 0 0
24 0 0 40,921 0 0 0
25 0 0 40,921 0 0 0
26 0 0 40,921 0 0 0
27 0 0 40,921 0 0 0
28 0 0 40,921 0 0 0
29 0 0 40,921 0 0 0
30 0 0 40,921 0 0 0
31 0 0 40,921 0 0 0
32 0 0 40,921 0 0 0
33 0 0 40,921 0 0 0
34 0 0 40,921 0 0 0
35 0 0 40,921 0 0 0
36 0 0 40,921 0 0 0
37 0 0 4,40,921 0 0 0
*Under Assured Income variant: The Death benefit will be paid as regular income for the chosen income period. The Sum Assured on
Death men oned above is the sum of all death income payouts and return of premium (ROP) amount payable on death. This Regular
income on Death will be Rs. 34,700 p.a. paid for 25 years and ROP amount on death will be Rs. 4,00,000
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, maturity, death, & surrender.
2. The above information must be read in conjunction with Sales Literature & Policy document.
3. Annualized premium excludes underwri ng extra premium, the premiums paid towards the riders, if any and Goods and Service Tax/
and any other applicable taxes.
4. The policy will acquire a surrender value any me in case of single premium and on payment of atleast 2 years premiums otherwise.
The surrender value payable will be higher of the Guaranteed Surrender Value or Special Surrender Value. The displayed Special
Surrender Values are not guaranteed and only indica ve. These may change from me to me. The surrender values are illustrated
assuming that all due premiums in a policy year are paid.
5. The Death benefit, Maturity Benefit, Surrender benefit as shown in Benefit Summary are payable assuming Maturity/ Death /
Surrender occur at the end of the year.
6. In case of any conflict between this benefit illustration and your policy document, the latter shall prevail.
7. The Guaranteed Income men oned in the benefit summary is an indica ve amount based on the date on which you applied for this
policy. The exact income will be as per the date of issuance of your policy and is specified in the Policy document.
8. Under Assured Income variant: If you choose to take the Maturity Benefit in a lumpsum, your total returns will be affected. Please
check the impact of the same at the time of exercising this option.
9. 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.
10. For any further clarification, contact our sales representative or e-mail us on customercare@bajajallianz.co.in
I, , have explained the premiums and benefits under the policy fully I, UPENDRAKUMAR , having received the informa on with respect
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.E.A.X
Quotation No : 60048227511
Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg No.: 116.
Tel:(020) 66026777.
Email: customercare@bajajallianz.co.in Website: www.bajajallianzlife.com
O.X.E.A.X
