Product Proposal for achieving your Life Goals
Bajaj Allianz Life
Guaranteed Wealth Goal
A Non linked Non Participating individual Life Insurance Savings Plan
UIN: 116N200V06
Hi Mr. Valued Investor,
Congratulations on taking the first step towards fulfilling your Life Goals with Bajaj Allianz Life Insurance.
You have opted for Bajaj Allianz Life Guaranteed Wealth Goal , a savings plan, which provides:
Key Features
Choice of 3 plan Life cover to secure Choice of Income period Option to choose Comprehensive coverage Tax Benefits
options your planned life from range of 10/20/25/30 income start date through multiple Riders
goals years
Here's your illustration of Bajaj Allianz Life Guaranteed Wealth Goal (Second
Income)
(12 years) (30 years)
(5 years)
Age 51 62 68 97
(47 years)
You Pay You Get
Premium Income Payout ₹ 2,03,636 Yearly
Including discounts (if any) and excluding GST From Age 68 to 97
First year ₹ 1,00,000 Yearly
Return of Premium
Second year onwards At Age 97 ₹ 12,00,000
₹ 1,00,000 Yearly
Total Premium Total Benefits
₹ 12,00,000 ₹ 73,09,080
Give-Get Life Cover (At Inception)
6.09 x ₹ 5,20,000
Additional Coverages ( signifies Opted | signifies Not-opted )
Accidental Permanent Total/ Accidental Death Benefit
Partial Disability Benefit
@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
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
2
for 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 : 60077080014
Bajaj Allianz Life Guaranteed Wealth Goal
A Non linked Non Participating individual Life Insurance Savings Plan
Name of the Prospect/ Policyholder: Valued Investor Name of the Product: Bajaj Allianz Life Guaranteed
Age: 51 Gender Male Wealth Goal
Name of the Life Assured: Valued Investor Tag Line: A Non linked Non Participating individual
Life Insurance Savings Plan
Age: 51 Gender Male
Unique Identification Number: 116N200V06
Premium Payment Term: 12
GST Rate(First Year): 4.50%
Deferment Period: 5
GST Rate(2nd Year onwards): 2.25%
Policy Term: 47
Amount of Installment Premium ( 1,04,500
Rs.):
Mode of Payment of Premium: Annual
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Variant Second Income Instalment Income#^ (Rs.) 2,03,636
Income Period 30 Total Income during the year 2,03,636
Income Payout Frequency Yearly Sum Assured on Death (at 5,20,000
inception of the policy)* (Rs.)
Choice of Income Payout date No Auto Pay Yes
Death benefit multiple OPTION 2-5.2
Premium Summary
Base Plan Riders Total Installment Premium
Instalment Premium without GST 1,00,000 0 1,00,000
Instalment Premium with First Year GST 1,04,500 0 1,04,500
Installment Premium with GST 2nd year 1,02,250 0 1,02,250
Onwards
(Amount in Rupees )
Benefit Summary
Guaranteed Non-Guaranteed
Policy Annualised Income Accured Total Accured Base Survival Maturity Death Guaranteed Special Surrender
Year Premium Booster Income Income Income Benefit*^(A+B) Benefit Benefit Surrender Value Surrender Value
Booster Booster(A) (B) (GSV) Value (SSV) Payable
1 1,00,000 0 0 0 0 0 0 5,20,000 0 23,999 23,999
2 1,00,000 2,240 2,240 0 0 0 0 5,20,000 61,618 63,208 63,208
3 1,00,000 3,360 5,600 0 0 0 0 5,20,000 1,09,501 1,15,937 1,15,937
4 1,00,000 4,480 10,080 0 0 0 0 5,20,000 2,09,014 1,83,453 2,09,014
5 1,00,000 5,600 15,680 0 0 0 0 5,25,000 2,65,604 2,67,012 2,67,012
6 1,00,000 6,720 22,400 0 0 0 0 6,30,000 3,24,813 3,67,838 3,67,838
7 1,00,000 7,840 30,240 0 0 0 0 7,35,000 3,87,300 4,87,095 4,87,095
8 1,00,000 8,960 39,200 0 0 0 0 8,40,000 4,61,858 6,45,111 6,45,111
9 1,00,000 10,080 49,280 0 0 0 0 9,45,000 5,43,448 8,05,818 8,05,818
10 1,00,000 11,200 60,480 0 0 0 0 10,50,000 6,33,230 10,30,826 10,30,826
11 1,00,000 12,320 72,800 0 0 0 0 12,56,290 7,32,603 12,56,290 12,56,290
12 1,00,000 13,440 86,240 0 0 0 0 15,87,730 8,43,254 15,87,730 15,87,730
13 0 13,440 99,680 0 0 0 0 17,08,654 9,08,557 17,08,654 17,08,654
14 0 13,440 1,13,120 0 0 0 0 18,39,768 9,84,020 18,39,768 18,39,768
O.X.E.A.X.X
Quotation No : 60077080014
Benefit Summary
Guaranteed Non-Guaranteed
Policy Annualised Income Accured Total Accured Base Survival Maturity Death Guaranteed Special Surrender
Year Premium Booster Income Income Income Benefit*^(A+B) Benefit Benefit Surrender Value Surrender Value
Booster Booster(A) (B) (GSV) Value (SSV) Payable
15 0 13,440 1,26,560 0 0 0 0 19,82,120 10,71,410 19,82,120 19,82,120
16 0 13,440 1,40,000 0 0 0 0 21,36,880 11,72,798 21,36,880 21,36,880
17 0 13,440 1,53,440 0 0 0 0 23,05,350 12,90,609 23,05,350 23,05,350
18 0 0 0 1,53,440 50,196 2,03,636 0 24,88,976 7,32,000 24,88,976 24,88,976
19 0 0 0 1,53,440 50,196 2,03,636 0 24,68,203 5,40,364 24,68,203 24,68,203
20 0 0 0 1,53,440 50,196 2,03,636 0 24,46,581 3,48,728 24,46,581 24,46,581
21 0 0 0 1,53,440 50,196 2,03,636 0 24,24,038 1,57,092 24,24,038 24,24,038
22 0 0 0 1,53,440 50,196 2,03,636 0 24,01,964 0 24,01,964 24,01,964
23 0 0 0 1,53,440 50,196 2,03,636 0 23,79,036 0 23,79,036 23,79,036
24 0 0 0 1,53,440 50,196 2,03,636 0 23,55,216 0 23,55,216 23,55,216
25 0 0 0 1,53,440 50,196 2,03,636 0 23,30,485 0 23,30,485 23,30,485
26 0 0 0 1,53,440 50,196 2,03,636 0 23,04,830 0 23,04,830 23,04,830
27 0 0 0 1,53,440 50,196 2,03,636 0 22,78,255 0 22,78,255 22,78,255
28 0 0 0 1,53,440 50,196 2,03,636 0 22,50,763 0 22,50,763 22,50,763
29 0 0 0 1,53,440 50,196 2,03,636 0 22,22,365 0 22,22,365 22,22,365
30 0 0 0 1,53,440 50,196 2,03,636 0 21,93,069 0 21,93,069 21,93,069
31 0 0 0 1,53,440 50,196 2,03,636 0 21,62,885 0 21,62,885 21,62,885
32 0 0 0 1,53,440 50,196 2,03,636 0 21,31,805 0 21,31,805 21,31,805
33 0 0 0 1,53,440 50,196 2,03,636 0 20,99,816 0 20,99,816 20,99,816
34 0 0 0 1,53,440 50,196 2,03,636 0 20,66,885 0 20,66,885 20,66,885
35 0 0 0 1,53,440 50,196 2,03,636 0 20,32,953 0 20,32,953 20,32,953
36 0 0 0 1,53,440 50,196 2,03,636 0 19,97,927 0 19,97,927 19,97,927
37 0 0 0 1,53,440 50,196 2,03,636 0 19,61,671 0 19,61,671 19,61,671
38 0 0 0 1,53,440 50,196 2,03,636 0 19,23,988 0 19,23,988 19,23,988
39 0 0 0 1,53,440 50,196 2,03,636 0 18,84,597 0 18,84,597 18,84,597
40 0 0 0 1,53,440 50,196 2,03,636 0 18,43,106 0 18,43,106 18,43,106
41 0 0 0 1,53,440 50,196 2,03,636 0 17,98,962 0 17,98,962 17,98,962
42 0 0 0 1,53,440 50,196 2,03,636 0 17,51,400 0 17,51,400 17,51,400
43 0 0 0 1,53,440 50,196 2,03,636 0 16,99,339 0 16,99,339 16,99,339
44 0 0 0 1,53,440 50,196 2,03,636 0 16,41,254 0 16,41,254 16,41,254
45 0 0 0 1,53,440 50,196 2,03,636 0 15,74,959 0 15,74,959 15,74,959
46 0 0 0 1,53,440 50,196 2,03,636 0 14,97,299 0 14,97,299 14,97,299
47 0 0 0 1,53,440 50,196 2,03,636 12,00,000 14,03,636 0 0 0
*Instalment Income /Maturity Benefit shown above is including auto-pay (if Opted) mark-up, the mark-up will be not available/withdrawn in
the event of the Company receiving any Premium other than through auto-pay. These amounts may accordingly vary.
^The Income Instalment / Maturity Benefit payable will be the sum of Accrued Income Booster and Base Income. Income Booster will accrue at
the end of each Policy Year star ng from the end of 2nd policy year ll the end of the Deferment Period, provided the policy is in-force and all
premiums have been paid.
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 shall be the premium amount payable in a year by the policyholder excluding the taxes, rider premiums, underwri ng
extra premiums and loadings for modal premiums, if any.
4. The policy will acquire a Surrender Value (i.e. Special Surrender Value SSV) a er comple on of first policy year provided one full year
premium has been received. The policy will acquire a Guaranteed Surrender Value provided two (2) full years’ premiums have been paid. The
surrender value payable will be the higher of the guaranteed surrender value (GSV) or the special surrender value (SSV) GSV factors are
guaranteed throughout the Policy Term. 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 time to time.
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. 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.
7. In case of any conflict between this benefit illustration and your policy document, the latter shall prevail.
O.X.E.A.X.X
Quotation No : 60077080014
8. 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.
9. 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, Valued Investor (name), having received the informa on with
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.E.A.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 Guaranteed Wealth Goal Policy
1
Unique UIN - 116N200V06 Schedule
Identification
Number (UIN)
Quotation
2 60077080014
number
Type of
Policy
3 Insurance Non-linked other than pure risk and pension
Schedule
Policy
Installment Premium (Rs)*- 1,00,000
Mode of Premium Payment- Annual
Sum Assured on Death-5,20,000
Income Instalment (Rs)- 2,03,636
Income Instalment Frequency- Yearly
Maturity Benefit (Rs)-12,00,000
Basic Policy Policy
4 Premium Payment Term (Years): 12
details Schedule
Deferment Period (years) -5
Income Period (years) - 30
Policy Term (Years)- 47
*Instalment Premium includes Rider Premium, if opted but excludes
applicable GST & cess and Extra Premium (if any)
Benefits payable on maturity-Total Premiums Paid shall be payable,
Policy provided the policy is in-force (If ROP option is chosen). If without ROP
Part C
5 Coverage/ben option is chosen, no Maturity Benefit is payable. The Maturity Benefit shall
efits payable be payable provided the policy is in-force. Section 4
Benefits payable on death-Sum Assured on Death shall be payable. Part C
Section 4
Survival Benefits excluding that payable on maturity –Income
Instalments (in arrears) as per the chosen Income Instalment Frequency Part C
during the Income Period, provided the policy is in-force.
Section 4
Surrender Value –
o The Policy can be surrendered at any time after completion of at least the
first Policy Year, provided at least one (1) full Policy Years' Premium has
Part D
been paid
Policy Section 8
o Higher of Guaranteed Surrender Value (GSV) or Special Surrender Value
6 Coverage/ben
(SSV)
efits payable
Options to policyholders for availing benefits, if any, covered under
the policy
Not applicable
Other benefits/options payable, specific to the policy, if any –Not
applicable
Lock-in period for Linked Insurance product –Not applicable
Options
available (in Not
7 case of Linked Not Applicable Applicabl
Insurance e
Products)
Option
available(in Not
8 case of Not Applicable Applicabl
Annuity e
product)
Riders Opted if Policy
9 Not Opted
Any Schedule
Suicide Exclusion
Exclusions
(events where In case of death of the life assured due to suicide, within 12 months from the Part F
insurance date of commencement of risk or the date of latest revival of the policy,
10 whichever is later, the nominee or beneficiary of the policyholder shall be Section
coverage is
not payable), if entitled to receive higher of 80% of the total premiums paid or the Surrender 12
any Value as on the date of death, provided the policy is in force.There are no
other exclusions other than the suicide clause mentioned above.
Waiting Not
11 Period/ /lien Not Applicable Applicabl
Period, if any e
Thirty (30) days for premium payment frequencies other than monthly and Part B
12 Grace Period
fifteen (15) days for monthly frequency. Section 1
Free Look Part D
13 Thirty (30) Days
Period Section 5
Non-Payment of Premiums (Lapse and Paid-up):
• If at least first one (1) full years’ premiums have not been paid – Policy will,
immediately & automatically, lapse at the expiry of the grace period, and no Part D
benefit will be paid.
Lapse, paid-up Section 6
14 and Revival of • If at least first one (1) full years’ premiums have been paid under a Policy,
the 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 B
premium. Section 1
Option to take policy loan, subject to a maximum limit of 80% of the Part D
Policy Loan If surrender value available under the policy. Loan interest rate applicable for
15 Section
Applicable the loan will be as decided by the company from time-to-time. The rate of
interest for loan is 10% p.a. compounding half-yearly. 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:
Claims / Part F
1800-209-7272 (Toll Free)
16 Claims Section
Mail Us : customercare@bajajallianz.co.in
Procedure 22
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
communicate with the Company:
Part G
Policy 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance Company
17 Section
Servicing Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, Pune –
411006 26
2. By Email: customercare@bajajallianz.co.in
Link for downloading applicable form 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
company grievance portal - Part G
Grievances https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2 Section
18 26 and
/Complaints .7272630.541013491.1717475077-
1601763320.1694668355&_gac=1.52751388.1715749803.EAIaIQobChMIy Section
_eqivKOhgMVdWsPAh0NFQrEEAAYASAAEgJObPD_BwE 27
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/guaranteed-wealth-goal.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.
