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    Etouch One-Pager-SHIELD 13 02 2021

    Uploaded by

    hiren1079
    The document discusses a term life insurance plan called Shield that provides life insurance coverage and a waiver of premium benefit in case of accidental total permanent disability. It outlines the key features, eligibility conditions, premium amounts and coverage terms of the plan through an example of a 30-year old man who purchases the plan.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Etouch One-Pager-SHIELD 13 02 2021

    Uploaded by

    hiren1079
    43 views2 pages
    The document discusses a term life insurance plan called Shield that provides life insurance coverage and a waiver of premium benefit in case of accidental total permanent disability. It outlines the key features, eligibility conditions, premium amounts and coverage terms of the plan through an example of a 30-year old man who purchases the plan.

    Original Title

    etouch_One-Pager-SHIELD_13_02_2021

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    The document discusses a term life insurance plan called Shield that provides life insurance coverage and a waiver of premium benefit in case of accidental total permanent disability. It outlines the key features, eligibility conditions, premium amounts and coverage terms of the plan through an example of a 30-year old man who purchases the plan.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views2 pages

    Etouch One-Pager-SHIELD 13 02 2021

    Uploaded by

    hiren1079
    The document discusses a term life insurance plan called Shield that provides life insurance coverage and a waiver of premium benefit in case of accidental total permanent disability. It outlines the key features, eligibility conditions, premium amounts and coverage terms of the plan through an example of a 30-year old man who purchases the plan.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Life Goals Ka

    easy back up plan

    KEY FEATURES - SHIELD Variant

    Lower premium for leading healthy


    Comprehensive protection for you
    lifestyle for non-tobacco users

    Option for the nominee to receive the policy benefits


    No medical1
    in a lump-sum amount or in monthly instalments

    3
    Minimum documentation2 Whole life cover

    Option to choose Limited or Regular


    Premium payment

    1
    Subject to eligibility and no adverse disclosure
    2
    Depending on customer profile
    3
    As per variant opted

    1800 209 4040 | bajajallianzlife.com


    SHIELD - Life Benefit Plus WOP (Waiver of Premium) Benefit
    (On Occurrence of ATPD (Accidental Total Permanent Disability)
    30 years old Samir is married and has a daughter who is 4 years old. He works for a private construction firm. Samir has purchased a house recently
    on loan. He decided to take Bajaj Allianz Life eTouch Online Term to ensure a worry-free future.
    Benefit Payable
    a) In case of ATPD of the life assured, all the future premiums under the policy will be waived, and the policy will continue
    b) On death of the life assured, the Sum Assured on Death will be paid and the policy will terminate
    Samir chooses ‘Shield’ for a policy term of 20 years and a sum assured of `1 crore. He pays an annual premium of `6,601 after a HSAR of `1,197
    At age 40, Samir meets with a road accident and suffers a total permanent disability. All the future premiums are waived under the policy
    and the policy continues
    On Samir’s unfortunate death, his nominee gets `1 crore (Sum Assured on Death) and the policy terminates

    Policy Terminates
    Policy Term
    30 40 45 50

    Premium shown in the above illustrations are exclusive of Goods and Service Tax /any other applicable tax levied, subject to changes in tax laws, and any extra premium. The sum
    assured amount and/or other benefits , if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions and claim scrutiny. The illustrated premium is
    applicable for age 30 years, preferred non-smoker male life assured. Premium rate for female life will be with 4 years age set-back for variants Shield.

    Product Terms and Conditions


    Eligibility Conditions
    Parameter Details
    Minimum Age at Entry 18 years
    Maximum Age at Entry 65 years
    Minimum Age at Maturity 28 years
    Maximum Age at Maturity 99 Years
    Minimum Policy Term 10 years
    Maximum Policy Term 81years
    Minimum Premium Limited Premium Regular Premium
    Payment Term 5 years 10 years

    Maximum Premium 25 years 67 years


    Payment Term
    Note: For Limited Premium, the Premium Payment Terms available are 5, 6, 10, 12, 15, 20 and 25 years in Shield variant only

    `5,000 per annum


    Minimum Premium The premium for Shield is guaranteed for entire policy term.

    Maximum Premium As per the maximum sum assured


    Premium Payment Yearly, Half yearly, Quarterly and Monthly
    Frequency Half-yearly, quarterly and monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions.

    Minimum Sum Assured `50,00,000

    Maximum Sum Assured No Limit

    Bajaj Allianz Life Insurance Co. Ltd.


    Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life eTouch Online Term are the names of the
    BEWARE OF SPURIOUS PHONE CALLS AND
    company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on FICTITIOUS / FRAUDULENT OFFERS -
    risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a IRDAI is not involved in activities like selling
    sale. Bajaj Allianz Life eTouch Online Term – A Non-Linked Non-Participating Pure Term Life Insurance Plan. Regd. Office Address: Bajaj Allianz House, insurance policies, announcing bonus or
    Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN: U66010PN2001PLC015959, Call us on Toll Free No.: 1800 209 7272, Mail us: investment of premiums. Public receiving such
    [email protected], Fax No: 02066026789 Bajaj Allianz Life eTouch Online Term (UIN: 116N140V04),The Logo of Bajaj Allianz Life phone calls are requested to lodge a police
    Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. All charges/ complaint.
    taxes, as applicable, will be borne by the Policyholder. BJAZ-OP-EC-00038/21

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