Key Features of the plan

Aim of the Bajaj Allianz Life iSecure II a non-linked, non-participating, individual, regular and limited premium
policy level cover pure risk premium Life insurance plan that secures your family’s financial needs

Maturity Benefit - No maturity benefit shall be payable on survival till the end of the policy term.

Death Benefit –
Benefits
Ÿ In case of unfortunate death of life assured during the policy term, provided all premiums are paid
under the
upto date, the Sum Assured will be payable as death benefit to the nominee .
Policy
Ÿ Death benefit will not be less than Guaranteed Death Benefit i.e. 105% of the Total Premiums paid up
to the date of death.
Ÿ The policy will terminate immediately on death of the life assured.

Bonus No bonus is payable under this policy

Premium Premiums at regular intervals are payable for the entire policy term or for a limited term as chosen by you
payment
Non- pay- If premiums are not paid by the end of the grace period, the policy will, immediately & automatically,
ment of lapse at the expiry of the grace period. No paid up value is available under the policy.
premium
You may revive your lapsed/paid-up policy during the revival period of five (5) years from the due date
Revival of first unpaid premium, subject to the revival conditions under the policy

For Regular Premium policies: Termination Value is not available.

Surrender/
Termination For Limited Premium policies: You will have the option to surrender the policy at any time during the
policy term after completion of Premium Payment Term.
Value
The Termination Value is calculated as: [Termination factor X Total Premiums paid]

Bajaj Allianz Life Insurance Co. Ltd.,

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg No.: 116. Ver. 1: English
 The risk cover under the Policy will terminate, immediately and automatically, on the earliest
occurrence of the following events.
i) On the expiry of the Revival Period.
ii) On the date of lapse.
iii) On the death, if Death Benefit in lump sum has been chosen in the Policy.
iv) On the payment of the last Death Benefit Instalment, if Death Benefit is Instalments has been chosen
under the Policy.
v) On the Maturity Date, if Maturity Benefit in lump-sum has been chosen under the Policy in ROP
Variant.
This Policy shall, immediately and automatically, terminate on the earliest occurrence of any of the
following events:
Termination i) On the expiry of the Revival Period, for a Policy lapsed.
ii) On the death of Life Assured, if Death Benefit in lump sum has been chosen in the Policy.
iii) On the payment of all the last Death Benefit Instalment, if Death Benefit in Instalments has been
chosen under the Policy.
iv) On the Maturity Date, for Life & Easy variants & if Maturity benefit in instalment payouts has not
been chosen in ROP variant.
v) On the payment of the last instalment, if Maturity benefit in instalment payouts has been chosen in
ROP variant.
vi) On payment of Termination / Surrender Value.
vii) On payment of Early Exit Value (if applicable).
viii) On payment of refund in case of cancellation under Free-look.
You will have a free look period of thirty (30) days beginning from the date of receipt of the Policy
Document, whether received electronically or otherwise, to review the terms and conditions of the
policy. In the event You disagree to any of the policy terms or conditions, or otherwise and have not
made any claim, you shall have the option to return the policy to Us for cancellation, stating the reasons
Free Look for the same. Irrespective of the reasons mentioned, you shall be entitled to a refund of the premium
Cancelation paid subject only to a deduction of a proportionate risk premium for the period of cover and the
expenses, if any, incurred by the insurer on medical examination of the proposer and stamp duty
charges. The request for cancellation of the policy during free look period shall be processed and the
premiums shall be refunded within 7 days of receipt of such request.
Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006., IRDAI Reg No.: 116,
Visit us: www.bajajallianzlife.com,
Contact us CIN : U66010PN2001PLC015959, Mail us : customercare@bajajallianz.co.in, Call on : Toll free no. 1800
209 7272
Do's and Don'ts
Ÿ Do fill the proposal form very carefully and personally in CAPITAL letters in blue ink only
Ÿ Do provide true and complete information
Ÿ Do provide correct contact number, address and email ID, and update in case of any change, so that
you can receive necessary communication
Ÿ Do sign on all the documents provided by you (Self Attestation)
Ÿ Do provide your recent passport photograph
Do’s
Ÿ Do draw cheque/ DD, in favour of “Bajaj Allianz Life Insurance Co. Ltd.”
Ÿ Do read the policy bond carefully upon receipt of the same.
Ÿ Do contact us if you do not receive the policy bond or any other communication from the Company
within 30 days.
Ÿ Do read the enclosed Benefit Illustration carefully before signing
Ÿ Do register for Auto Debit Instructions/ ECS to ensure timely payments of your premium on due
dates.

Bajaj Allianz Life Insurance Co. Ltd.,

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg No.: 116. Ver. 1: English
 Ÿ Do not sign any blank proposal form
Ÿ Do not leave any column blank in the proposal form
Ÿ Do not conceal any facts as this could lead to dispute at the time of a claim
Don’ts
Ÿ Do not miss or delay your premium payment
Ÿ Do not rely on any commitments of any additional benefits made by anyone apart from what has been
highlighted herein above.

Disclaimer
This document contains the highlights of the product Bajaj Allianz Life iSecure II UIN: 116N208V02 and is subject to the
terms and conditions as contained in the policy document. The terms and conditions as contained in the policy document
shall govern the contractual relationship and shall be binding. For details on any of the matters highlighted herein above,
please refer to policy document upon receipt of the same by you. The standard terms and conditions of the product is also
available on the Company website at www

Bajaj Allianz Life Insurance Co. Ltd.,

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg No.: 116. Ver. 1: English
 Product Proposal for achieving your Life Goals

Bajaj Allianz Life

iSecure II
A Non-Linked Non-Participating, Individual Life Insurance Term Plan
UIN: 116N208V02

Hi Mr. Akshay Sharma ,

Congratulations on taking the first step towards securing your Life Goals with Bajaj Allianz Life Insurance.

You have opted for Bajaj Allianz Life iSecure II , a term plan, which provides:

Key Features

Enchance your protection Option to get back your Auto Cover Continuance Early Exit Option Tax Benefits
through our total premiums paid as Benefit option
comprehensive riders Maturity benefit

The key features mentioned above are dependent upon variant chosen.
 Here's your illustration of Bajaj Allianz Life iSecure II (Life)

(41 years)

Age 24 65

(41 years)

You Pay You Get

Life Insurance Cover ₹ 25,00,000
Premium From age 24 to 65
Including discounts(if any) and excluding GST
Payable as
First year ₹ 4,727 Yearly Lumpsum ₹ 25,00,000
Second year onwards ₹ 4,727 Yearly Monthly Instalments ₹0
(for 0 months)

Additional Coverages ( signifies Opted | signifies Not-opted )

Accidental Death Benefit Accidental Total Permanent Return of Premiums on Maturity

Disability Benefit

Critical Illness Benefit

^Premiums are payable at t he beginning of year. Product feat ures ment ioned above are dependent on benefit chosen.
The Premiums/ 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 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 : 60077901412

Bajaj Allianz Life iSecure II

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

Name of the Prospect/ Akshay Sharma Name of the Product: Bajaj Allianz Life iSecure II
Policyholder: A Non-Linked Non-Participating,
Tag Line:
Age (Years): 24 Individual Life Insurance Term Plan
Gender Male Unique Identification Number: 116N208V02
Name of the Life Assured: Akshay Sharma GST Rate: 18.00%
Age (Years): 24 Tobacco User: No
Gender Male
Policy Term (Years): 41
Premium Payment Term 41
(Years):
Amount of Instalment 5,578
Premium (in Rs.):
Mode of Payment of Annual
Premium:

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Variant : Life Sum Assured (Rs.): 25,00,000
Death Benefit Payment Option 100 % Lump Sum Payout Sum Assured on Death (Rs.): 25,00,000

Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST 4,727 0 4,727
Installment Premium without GST (after 4,727 0 4,727
discounts,, if applicable)
Installment Premium with GST after 5,578 0 5,578
discount, if applicable (First Year only)
Installment Premium with GST 2nd year 5,578 0 5,578
Onwards

(Amount in Rupees )
Sum Assured on death will be payable as
Lumpsum Rs.25,00,000

Guaranteed Non Guaranteed

Policy Year Annualised Premium
Survival Benefit Maturity Benefit Death Benefit Termination Value
1 4,727 0 0 25,00,000 0
2 4,727 0 0 25,00,000 0
3 4,727 0 0 25,00,000 0
4 4,727 0 0 25,00,000 0
5 4,727 0 0 25,00,000 0
6 4,727 0 0 25,00,000 0
7 4,727 0 0 25,00,000 0
8 4,727 0 0 25,00,000 0
9 4,727 0 0 25,00,000 0
10 4,727 0 0 25,00,000 0
11 4,727 0 0 25,00,000 0

O.X.X.X
Quotation No : 60077901412

Guaranteed Non Guaranteed

Policy Year Annualised Premium
Survival Benefit Maturity Benefit Death Benefit Termination Value
12 4,727 0 0 25,00,000 0
13 4,727 0 0 25,00,000 0
14 4,727 0 0 25,00,000 0
15 4,727 0 0 25,00,000 0
16 4,727 0 0 25,00,000 0
17 4,727 0 0 25,00,000 0
18 4,727 0 0 25,00,000 0
19 4,727 0 0 25,00,000 0
20 4,727 0 0 25,00,000 0
21 4,727 0 0 25,00,000 0
22 4,727 0 0 25,00,000 0
23 4,727 0 0 25,00,000 0
24 4,727 0 0 25,00,000 0
25 4,727 0 0 25,00,000 0
26 4,727 0 0 25,00,000 0
27 4,727 0 0 25,00,000 0
28 4,727 0 0 25,00,000 0
29 4,727 0 0 25,00,000 0
30 4,727 0 0 25,00,000 0
31 4,727 0 0 25,00,000 0
32 4,727 0 0 25,00,000 0
33 4,727 0 0 25,00,000 0
34 4,727 0 0 25,00,000 0
35 4,727 0 0 25,00,000 0
36 4,727 0 0 25,00,000 0
37 4,727 0 0 25,00,000 0
38 4,727 0 0 25,00,000 0
39 4,727 0 0 25,00,000 0
40 4,727 0 0 25,00,000 0
41 4,727 0 0 25,00,000 0

Notes:
1. The ma in objec ve of this benefit illus tra on is tha t the policyholder is a ble to unders ta nd the fea tures of the product a nd the na ture of benefits under
different circums ta nces like s urviva l, dea th & s urrender.
2. The a bove informa on mus t be rea d in conjunc on with Sa les Litera ture & Policy document. In ca s e of a ny conflict between this benefit illus tra on a nd
your policy document, the la tter s ha ll preva il.
3. The Annua lis ed Premium is exclus ive of ta xes , underwriting extra premium a nd loa dings for moda l premiums if a ny
4. The benefits illus tra ted a re a s of a t end of the yea r.
5. Ea rly Exit Va lue is equa l to 100% of the Tota l Premiums Pa id (under the ba s e policy) ll the da te of exercis ing the op on. Ea rly Exit Va lue op on ca n be
exercis ed a t a ny me during the firs t five (5) policy yea rs immedia tely a er the policyholder ha s a a ined a ge 60. This op on ca n be exercis ed only if the
policy is in force a t the time of a va iling this Ea rly Exit Va lue s ubject to below conditions :
At inception of the Policy, the Policyholder’s a ge la s t birthda y mus t be les s tha n or equa l to 50 yea rs
The Policy Term chos en a t inception mus t be a t lea s t 35 yea rs
The a ge la s t birthda y of the Policyholder a t ma turity of the Policy mus t be a t lea s t 70 yea rs

6. Termina tion va lue is a va ila ble pos t completion of Premium Pa yment Term.
7. Ta x benefits under the policy will be a s per the preva iling Income Ta x la ws . We recommend tha t you s eek profes s iona l a dvice for a pplica bility of ta x
benefit on premiums pa id a nd benefits received.
8. For a ny further cla rifica tion, conta ct our s a les repres enta tive or e-ma il us on cus tomerca re@ba ja ja llia nz.co.in

O.X.X.X
Quotation No : 60077901412

I, ___________________________ (name), have explained the I, ___________________________ (name), having received the
premiums, charges and benefits under the policy fully to the informa on with respect to the above, have understood the above
prospect / policyholder. 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
 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 iSecure II Policy
1
Unique (UIN - 116N208V02) Schedule
Identification
Number (UIN)
Quotation
2 60077901412
number
Type of Pure Risk Policy
3 Insurance
If ROP Variant is opted - Non- Linked other than pure risk and Savings Schedule
Policy
Installment Premium for year 1 (Rs)* - 4,727
Instalment Premium Year 2 onwards (Rs)- 4,727
Mode of Premium Payment - Annual
Sum Assured on Death (Rs) - 25,00,000
Basic Policy Sum Assured on Maturity (Rs) - Not Applicable Policy
4
Details Premium Payment Term (Years) - 41 Schedule
Policy Term (Years) - 41

*Instalment Premium includes Rider Premium, if opted but excludes

applicable GST & cess and Extra Premium (if any)

Benefits payable on maturity (applicable only for ROP Variant) - Part C -

Total Premiums Paid shall be payable. Section 3
Benefits payable on Death (applicable for all plan Variants) - Part C -
Sum Assured shall be payable and the policy will terminate, provided the
policy is in-force. Section 3
Survival Benefits excluding that payable on maturity -
Not Applicable
 Surrender Value
(Termination Value, applicable for Life & Easy Variant):
Policy For ROP Variant:
5 Coverage/ben Payable only if the Premium Payment Term (PPT) is lesser than Policy
efits payable Term (PT) and will be applicable only post PPT
Termination Value is equal to: [Termination factor X Total Premiums Part D -
Paid] Section
If PPT is equal to PT, no Termination Value shall be applicable 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 (Available only for Life Variant) - Part D -
Option to get back all your premiums paid or Surrender Value (as Section
applicable) 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 - Not
Applicable
Not
Lock-in period for Linked Insurance product - Not applicable applicabl
e
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
Exclusions In case of death of the life assured due to suicide, within 12 months from the
(events where date of commencement of risk or the date of latest revival of the policy, Part F -
insurance whichever is later, the nominee or beneficiary of the policyholder shall be
9 Section
coverage is entitled to receive higher of 80% of the total premiums paid or the Surrender
not payable), if 13
Value / Termination Value as on the date of death, provided the policy is in
any force. There are no other exclusions other than the suicide clause
mentioned above.
 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):

For Life & Easy Variant: If premiums are not paid by the end of the grace
period, the policy will, immediately & automatically, lapse at the expiry of the
grace period. No paid up value is available under the policy
Part C-
For ROP Variant:
Lapse, paid-up Section 5
13 and Revival of If at least first one (1) full years' premiums have not been paid - Policy &6
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: Part D -

Five (5) years from the due date of the first unpaid premium Section 8
For Life & Easy Variant: Policy loan feature is not available.

Applicable only under ROP Variant: Part D -

Policy Loan If
14 Option to take policy loan, subject to a maximum limit of 50% of the Section
Applicable
surrender value available under the policy. Loan interest rate applicable for 10
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.
 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

Helpline/Call Centre Numbers:

1800-209-7272 (Toll Free)

Claims / Mail Us : customercare@bajajallianz.co.in Part D -
15 Claims
Procedure Contact details of the insurer: Section 9
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
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 – 19
411006
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
17
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2 Section
.7272630.541013491.1717475077- 19& 20
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/isecure-insurance-plan.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.