Product Proposal for securing your Life Goals

Bajaj Allianz Life

eTouch II
A Non-Linked, Non-Participating, Individual Life Insurance Term Plan
UIN: 116N198V04

Hi Ms. S .,

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 ROP)
Premium Payment Term @
(36 years)

Age 49 85

Life insurance cover throughout Policy Term

(36 years)

You Pay You Get

Premium Life Insurance Cover ₹ 2,50,00,000
Including discounts (if any) and excluding GST From age 49 to 85

First year ₹ 1,48,619 Yearly Payable as

Second year onwards ₹ 1,64,675 Yearly Lumpsum ₹ 2,50,00,000

Monthly Instalments ₹0
(for 480 months)

Maturity Benefit ₹ 59,12,244

(Payable as Lumpsum at Age 85 )

Premium Discounts ( signifies Applicable | signifies Not-applicable )

Salaried Discount Insurance for All Discount Systematic In

(5% in Year 1) (5% in Year 1 ) Systematic Out Benefit

Additional Coverages ( signifies Opted | signifies Not-opted )

Terminal Illness Benefit Family Protect Rider Waiver of Premium Benefit

During Premium Payment Term

Return of Premiums on Maturity Early Exit Option Critical Illness Benefit 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 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 : 60079255640

Bajaj Allianz Life eTouch II

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

Name of the Prospect/ S. Name of the Product: Bajaj Allianz Life eTouch II
Policyholder: A Non-Linked, Non-Participating,
Tag Line:
Age (Years): 49 Individual Life Insurance Term Plan
Policyholder's Gender: Female Unique Identification Number: 116N198V04
Name of the Life Assured: S. GST Rate(First Year): 4.50%
Age (Years): 49 GST Rate(2nd Year onwards): 2.25%
Life Assured's Gender: Female Tobacco User: No
Policy Term (Years): 36 Premium Category: Medical
Premium Payment Term 36
(Years):
Amount of Instalment 1,55,307
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 ROP Sum Assured (Rs.) 2,50,00,000

Death Benefit Payment Option 100% Lump Sum Payout Sum Assured on Death (at 2,50,00,000
inception of the Policy) (Rs.)
Premium Holidays 0 Maturity Benefit Option Lump Sum Payout
Maturity Benefit (Rs) 59,12,244

Premium Summary
Base Riders Total Instalment Premium
Installment Premium without GST 1,64,675 0 1,64,675
Salary Rebate, If available 8,234 0 8,234
Insurance for All Discount, If available 7,822 0 7,822
Geographical Extra, if applicable 0 0 0
Installment Premium without GST after discounts, if applicable 1,48,619 0 1,48,619
Installment Premium with GST after discounts, if applicable (First Year only) 1,55,307 0 1,55,307
Installment Premium with GST 2nd Year Onwards 1,68,380 0 1,68,380
(Amount in Rupees )
Sum Assured on death will be payable as
Lumpsum Rs.2,50,00,000

O.X.X.X.S.P
Quotation No : 60079255640

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed

Policy Annualised
Year Premium* Survival Guaranteed Surrender Value Special Surrender
Benefit Maturity Benefit Death Benefit (GSV) Surrender Value Payable
Value (SSV)

1 1,48,619 0 0 2,50,00,000 0 19,731 19,731

2 1,64,675 0 0 2,50,00,000 93,988 42,012 93,988

3 1,64,675 0 0 2,50,00,000 1,67,289 67,110 1,67,289

4 1,64,675 0 0 2,50,00,000 3,21,322 95,312 3,21,322

5 1,64,675 0 0 2,50,00,000 4,03,660 1,26,922 4,03,660

6 1,64,675 0 0 2,50,00,000 4,85,997 1,62,271 4,85,997

7 1,64,675 0 0 2,50,00,000 5,68,335 2,01,721 5,68,335

8 1,64,675 0 0 2,50,00,000 6,63,686 2,45,646 6,63,686

9 1,64,675 0 0 2,50,00,000 7,76,990 2,94,458 7,76,990

10 1,64,675 0 0 2,50,00,000 8,80,575 3,48,598 8,80,575

11 1,64,675 0 0 2,50,00,000 10,05,407 4,08,543 10,05,407

12 1,64,675 0 0 2,50,00,000 11,17,225 4,74,794 11,17,225

13 1,64,675 0 0 2,50,00,000 12,53,584 5,47,887 12,53,584

14 1,64,675 0 0 2,50,00,000 13,73,637 6,28,391 13,73,637

15 1,64,675 0 0 2,50,00,000 14,96,982 7,16,902 14,96,982

16 1,64,675 0 0 2,50,00,000 16,49,809 8,14,039 16,49,809

17 1,64,675 0 0 2,50,00,000 17,81,388 9,20,429 17,81,388

18 1,64,675 0 0 2,50,00,000 19,45,742 10,36,741 19,45,742

19 1,64,675 0 0 2,50,00,000 20,85,555 11,63,620 20,85,555

20 1,64,675 0 0 2,50,00,000 22,61,436 13,01,764 22,61,436

21 1,64,675 0 0 2,50,00,000 24,09,483 14,51,901 24,09,483

22 1,64,675 0 0 2,50,00,000 25,60,824 16,14,774 25,60,824

23 1,64,675 0 0 2,50,00,000 27,53,173 17,91,250 27,53,173

24 1,64,675 0 0 2,50,00,000 29,12,747 19,82,193 29,12,747

25 1,64,675 0 0 2,50,00,000 31,16,623 21,88,688 31,16,623

26 1,64,675 0 0 2,50,00,000 32,84,431 24,11,848 32,84,431

27 1,64,675 0 0 2,50,00,000 34,99,834 26,52,977 34,99,834

28 1,64,675 0 0 2,50,00,000 36,75,875 29,13,534 36,75,875

O.X.X.X.S.P
Quotation No : 60079255640

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed

Policy Annualised
Year Premium* Special
Survival Maturity Benefit Death Benefit Guaranteed Surrender Value Surrender Surrender
Benefit (GSV) Value (SSV) Value Payable

29 1,64,675 0 0 2,50,00,000 38,55,211 31,95,077 38,55,211

30 1,64,675 0 0 2,50,00,000 40,87,081 34,99,341 40,87,081

31 1,64,675 0 0 2,50,00,000 42,74,650 38,28,146 42,74,650

32 1,64,675 0 0 2,50,00,000 45,18,048 41,83,447 45,18,048

33 1,64,675 0 0 2,50,00,000 47,13,851 45,67,325 47,13,851

34 1,64,675 0 0 2,50,00,000 49,68,776 49,81,889 49,81,889

35 1,64,675 0 0 2,50,00,000 51,72,812 54,29,417 54,29,417

36 1,64,675 0 59,12,244 2,50,00,000 53,21,020 59,12,244 59,12,244

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 an op on available to the Policyholder in the first five (5) Policy Years immediately a er the Life Assured turns 60 subject
to terms and conditions as mentioned in the Policy Document.
8.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.
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, S . , having received the informa on with respect to the above,
policy fully to the prospect / policyholder. 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.

O.X.X.X.S.P
Quotation No : 60079255640

Tel:(020) 66026777.
Email: customercare@bajajallianz.co.in
www.bajajallianzlife.com

O.X.X.X.S.P
 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 - 116N198V04) Schedule
Identification
Number (UIN)
Quotation
2 60079255640 -
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.)* - 1,48,619
Instalment Premium Year 2 onwards (Rs.) - 1,64,675
Mode of premium payment - Annual
Sum Assured on Death (Rs.) - 2,50,00,000
Basic Policy Sum Assured on Maturity (Rs.) - 59,12,244 Policy
4
detail Premium payment Term (years) - 36 Schedule
Policy Term (years) - 36

*Instalment Premium includes Rider Premium, if opted but excludes

applicable GST & cess and Extra Premium (if any)
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.

In case of TI, the maximum pay out shall be limited to lower of Rs 2 Crore Part C –
or Sum Assured under the policy. The policy will terminate on the death Section 3
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 –
Policy Termination Value, applicable for Life Shield and Life Shield Plus
Coverage / variant:
5
benefits
payable Payable only if the Premium Payment Term (PPT) is lesser than Policy
Term (PT) and will be applicable only post PPT
Termination Value is equal to: [Termination factor X Total Premiums
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
Life Shield Plus variant) –Option to get back higher of all your Part D –
premiums paid plus extra premium charged or Termination Value (as Section
applicable), as per terms & conditions of the policy. 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 –
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)
Riders opted, if Policy
8 Not Opted
any Schedule
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 9% 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
Claims / Helpline/Call Centre Numbers: Part D –
15 Claims
Section 9
Procedure 1800-209-7272 (Toll Free)
Mail Us : customercare@bajajallianz.co.in

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-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 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance
16 Section
Servicing
Company Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, 19
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 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 -
17 Section
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2
19 & 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.