Product Proposal for achieving your Life Goals

Bajaj Allianz Life ACE

A Non linked, Participating, Individual
Life Insurance Savings Plan
UIN: 116N186V02

Hi Ms. Sajja Malliswaru,

Congratulations on taking the first step towards fulfilling your Life Goals with Bajaj Allianz Life Insurance. You
have opted for Bajaj Allianz Life ACE , a truly modular product where you are the one in charge of your financial
plan along with life cover

Key Features

Decide your Income Wide range of policy Choice of premium Continuity of policy Life Cover to Tax Benefits
amount and Income term from 10 to 45 payment term from 5 to benefit after death secure your
start year years or up to age 85 10 year or 12 years with Goal Protection planned Life
years Benefit Goals
 Here's your illustration of Bajaj Allianz Life ACE - with Goal Protection Benefit

Age 25 34 69

(10 years)

(45 years)

You Pay You Get

Premium 1st Income Last Income
Including discounts (if any) and Guaranteed Income (A) ₹1,56,293 ₹1,56,293
excluding GST
(From Age 25 to 69)
First year
Cash Bonus (B) @8% ₹2,34,440 @8% ₹2,34,440
₹ 9,80,000 Yearly
(From Age 25 to 69) @4% ₹39,073 @4% ₹39,073
Second year Income Benefit (A+B) @8% ₹3,90,733 @8% ₹3,90,733
onwards (From Age 25 to 69) @4% ₹1,95,366 @4% ₹1,95,366
₹ 10,00,000 Yearly
Maturity Benefit (At age 69) @8% ₹1,95,61,169 @4% ₹1,07,52,943

Total Premium Total Benefits

₹ 99,80,000 @8% ₹ 3,71,44,154 @4% ₹ 1,95,44,413

Life Cover(At Inception)

1,10,00,000

Additional Coverages ( signifies Opted | signifies Not-opted )

Accidental death Benefit Accidental Permanent Total/Partial Family Income Benefit

Disability Benefit

Critical Illness Benefit Waiver of Premium benefit

2
Above Additonal Coverages Premiums are excluding GST
^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 assumed rate of returns indicated
at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.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 for eligibility. Product features mentioned above are dependent on benefit chosen
 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: [email protected] | 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 : 60059692884

Bajaj Allianz Life ACE

A Non linked, Participating, Individual Life Insurance Savings Plan

Name of the Prospect/ Policyholder: Sajja Malliswaru Name of the Product: Bajaj Allianz Life ACE
Age: 25 Gender: Female Tag Line: A Non linked, Participating, Individual Life
Name of the Life Assured: Sajja Malliswaru Insurance Savings Plan
Age: 25 Gender: Female Unique Identification Number: 116N186V02
Premium Payment Term: 10 GST Rate(First Year): 4.50%
Policy Term: 45 GST Rate(2nd Year onwards): 2.25%
Deferment Period: 0
Amount of Instalment Premium: 10,24,100
Mode of Payment of Premium: Annual
How to read and understand this benefit illustration?
This benefit illustration is intented to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and
4% p.a.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance
business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy
offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a.
These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is
dependent on a number of factors including future investment performance.

Policy Details

Early Income Wealth Income Benefit Annually

Frequency
Premium Allocation 95% 5% Goal Protection Benefit Yes

Benefit Sum Assured* 39,07,333 4,92,428 Accumulate Income No

Benefits
Income Period 45 NA
Bonus Type Cash Bonus, Simple Revisionary Bonus and Terminal
Sum Assured on Death (at 1,10,00,000 Bonus
inception of policy)

*Benefit Sum Assured will be used for calculating Guaranteed Income and declaring Bonuses, and will not be payable on Maturity or Death.

Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST (including 2.00% 9,80,000 0 9,80,000
discount in 1st year)
Installment Premium without GST(2nd year) 10,00,000 0 10,00,000
Instalment Premium with First Year GST 10,24,100 0 10,24,100
Installment Premium with GST 2nd year Onwards 10,22,500 0 10,22,500
(Amount in Rupees )
Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit @ 4% p.a. Non Guaranteed Benefit @ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annualized Accrued Guaranteed Special Accrued Guaranteed Special Survival and Survival and Death Benefit Death Benefit
Policy Premium Survival Death Benefit Maturity Simple Cash Surrender Surrender Simple Cash Surrender Surrender Surrender Surrender Maturity Maturity incl TB (if any) incl TB (if any)
Year Benefit Benefit Reversionary Bonus Value (GSV) Value (SSV) Reversionary Bonus Value (GSV) Value (SSV) Value @4% Value @8% Benefit incl TB Benefit incl TB @4% @8%
(Excl of GST) Bonus Bonus (if any) @4% (if any) @8%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 9,80,000 1,56,293 1,10,00,000 0 4,432 39,073 0 2,75,926 11,080 2,34,440 0 2,76,076 2,75,926 2,76,076 1,95,366 3,90,733 1,10,00,000 1,10,00,000
2 10,00,000 1,56,293 1,10,00,000 0 8,864 39,073 2,09,366 5,62,684 22,159 2,34,440 30,247 5,63,011 5,80,671 5,80,819 1,95,366 3,90,733 1,10,00,000 1,10,00,000
3 10,00,000 1,56,293 1,10,00,000 0 13,296 39,073 4,64,065 8,61,343 33,239 2,34,440 52,911 8,61,877 8,94,653 8,94,900 1,95,366 3,90,733 1,10,00,000 1,10,00,000
4 10,00,000 1,56,293 1,10,00,000 0 17,727 39,073 12,18,777 11,73,034 44,319 2,34,440 4,37,676 11,73,811 12,45,792 12,46,157 1,95,366 3,90,733 1,10,00,000 1,10,00,000
5 10,00,000 1,56,293 1,10,00,000 0 22,159 39,073 15,23,505 14,98,931 55,398 2,34,440 5,47,178 14,99,989 15,87,681 15,88,188 1,95,366 3,90,733 1,10,00,000 1,10,00,000
6 10,00,000 1,56,293 1,10,00,000 0 26,591 39,073 18,28,250 18,40,241 66,478 2,34,440 6,56,726 22,93,665 19,43,949 22,93,665 1,95,366 3,90,733 1,10,00,000 1,10,00,000
7 10,00,000 1,56,293 1,10,00,000 0 31,023 39,073 21,33,016 21,98,177 77,557 2,34,440 7,66,324 30,92,409 23,15,722 30,92,409 1,95,366 3,90,733 1,10,00,000 1,10,00,000
8 10,00,000 1,56,293 1,10,00,000 0 35,455 39,073 25,17,806 25,73,963 88,637 2,34,440 9,55,982 40,43,870 27,08,141 40,43,870 1,95,366 3,90,733 1,10,00,000 1,10,00,000
9 10,00,000 1,56,293 1,10,00,000 0 39,887 39,073 29,22,624 29,68,759 99,717 2,34,440 11,65,709 51,61,047 31,19,280 51,61,047 1,95,366 3,90,733 1,10,00,000 1,10,00,000
10 10,00,000 1,56,293 1,10,00,000 0 44,319 39,073 33,47,472 39,76,459 1,10,796 2,34,440 13,95,514 66,05,398 41,42,943 66,05,398 1,95,366 3,90,733 1,10,00,000 1,10,00,000
11 0 1,56,293 1,10,00,000 0 48,750 39,073 32,52,358 40,79,550 1,21,876 2,34,440 11,05,410 71,67,497 42,44,874 71,67,497 1,95,366 3,90,733 1,10,00,000 1,10,00,000
12 0 1,56,293 1,10,00,000 0 53,182 39,073 31,57,284 41,87,157 1,32,956 2,34,440 8,15,410 73,25,238 43,51,014 73,25,238 1,95,366 3,90,733 1,10,00,000 1,10,00,000
13 0 1,56,293 1,10,00,000 0 57,614 39,073 30,62,259 42,99,378 1,44,035 2,34,440 5,25,530 74,87,957 44,61,448 74,87,957 1,95,366 3,90,733 1,10,00,000 1,10,00,000
14 0 1,56,293 1,10,00,000 0 62,046 39,073 29,67,288 44,16,370 1,55,115 2,34,440 2,91,051 76,59,985 45,76,320 76,59,985 1,95,366 3,90,733 1,10,00,000 1,10,00,000
15 0 1,56,293 1,10,00,000 0 66,478 39,073 28,72,379 45,38,384 1,66,195 2,34,440 2,97,197 78,48,031 46,95,861 78,48,031 1,95,366 3,90,733 1,10,00,000 1,10,00,000

O.X.X.A.X
Quotation No : 60059692884

Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit @ 4% p.a. Non Guaranteed Benefit @ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annualized Accrued Guaranteed Special Accrued Guaranteed Special Survival and Survival and Death Benefit Death Benefit
Policy Premium Survival Death Benefit Maturity Simple Cash Surrender Surrender Simple Cash Surrender Surrender Surrender Surrender Maturity Maturity incl TB (if any) incl TB (if any)
Year Benefit Benefit Reversionary Bonus Value (GSV) Value (SSV) Reversionary Bonus Value (GSV) Value (SSV) Value @4% Value @8% Benefit incl TB Benefit incl TB @4% @8%
(Excl of GST) Bonus Bonus (if any) @4% (if any) @8%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
16 0 1,56,293 1,10,00,000 0 70,910 39,073 27,77,542 46,65,795 1,77,274 2,34,440 3,03,521 80,41,353 48,20,419 80,41,353 1,95,366 3,90,733 1,10,00,000 1,10,00,000
17 0 1,56,293 1,10,00,000 0 75,342 39,073 26,82,787 47,99,027 1,88,354 2,34,440 3,10,050 82,44,499 49,50,391 82,44,499 1,95,366 3,90,733 1,10,00,000 1,10,00,000
18 0 1,56,293 1,10,00,000 0 79,773 39,073 25,88,125 49,38,638 1,99,433 2,34,440 3,16,811 84,54,234 50,86,297 84,54,234 1,95,366 3,90,733 1,10,00,000 1,10,00,000
19 0 1,56,293 1,10,00,000 0 84,205 39,073 24,93,569 50,85,179 2,10,513 2,34,440 3,23,839 86,82,277 52,28,652 86,82,277 1,95,366 3,90,733 1,10,00,000 1,10,00,000
20 0 1,56,293 1,10,00,000 0 88,637 39,073 23,99,135 52,39,289 2,21,593 2,34,440 3,31,170 89,23,613 53,78,057 89,23,613 1,95,366 3,90,733 1,10,00,000 1,10,00,000
21 0 1,56,293 1,10,00,000 0 93,069 39,073 23,04,839 54,01,555 2,32,672 2,34,440 3,38,846 91,82,530 55,35,057 91,82,530 1,95,366 3,90,733 1,10,00,000 1,10,00,000
22 0 1,56,293 1,10,00,000 0 97,501 39,073 22,10,700 55,72,554 2,43,752 2,34,440 3,46,915 94,36,630 57,00,192 94,36,630 1,95,366 3,90,733 1,10,00,000 1,10,00,000
23 0 1,56,293 1,10,00,000 0 1,01,933 39,073 21,16,740 57,52,840 2,54,832 2,34,440 3,55,431 97,11,600 58,73,978 97,11,600 1,95,366 3,90,733 1,10,00,000 1,10,00,000
24 0 1,56,293 1,10,00,000 0 1,06,365 39,073 20,22,983 59,42,845 2,65,911 2,34,440 3,64,456 99,94,155 60,56,815 99,94,155 1,95,366 3,90,733 1,10,00,000 1,10,00,000
25 0 1,56,293 1,10,00,000 0 1,10,796 39,073 19,29,457 61,42,955 2,76,991 2,34,440 3,74,059 1,02,92,617 62,49,060 1,02,92,617 1,95,366 3,90,733 1,10,00,000 1,10,00,000
26 0 1,56,293 1,10,00,000 0 1,15,228 39,073 19,36,194 63,53,456 2,88,071 2,34,440 3,89,317 1,06,10,062 64,55,974 1,06,10,062 1,95,366 3,90,733 1,10,00,000 1,10,00,000
27 0 1,56,293 1,10,00,000 0 1,19,660 39,073 18,43,229 65,74,529 2,99,150 2,34,440 4,00,321 1,09,49,665 66,67,719 1,09,49,665 1,95,366 3,90,733 1,10,00,000 1,10,00,000
28 0 1,56,293 1,10,00,000 0 1,24,092 39,073 17,50,602 68,06,242 3,10,230 2,34,440 4,12,169 1,12,99,612 68,89,348 1,12,99,612 1,95,366 3,90,733 1,10,00,000 1,10,00,000
29 0 1,56,293 1,10,00,000 0 1,28,524 39,073 16,58,358 70,48,579 3,21,309 2,34,440 4,24,976 1,16,63,098 71,20,836 1,16,63,098 1,95,366 3,90,733 1,10,00,000 1,10,00,000
30 0 1,56,293 1,10,00,000 0 1,32,956 39,073 15,66,548 73,01,363 3,32,389 2,34,440 4,38,869 1,20,40,600 73,62,006 1,20,40,600 1,95,366 3,90,733 1,10,00,000 1,10,00,000
31 0 1,56,293 1,10,00,000 0 1,37,387 39,073 14,75,231 75,64,267 3,43,469 2,34,440 4,53,993 1,24,43,041 76,12,536 1,24,43,041 1,95,366 3,90,733 1,10,00,000 1,10,00,000
32 0 1,56,293 1,10,00,000 0 1,41,819 39,073 13,84,472 78,36,786 3,54,548 2,34,440 4,70,511 1,28,46,605 78,71,939 1,28,46,605 1,95,366 3,90,733 1,10,00,000 1,10,00,000
33 0 1,56,293 1,10,00,000 0 1,46,251 39,073 12,94,343 81,18,120 3,65,628 2,34,440 4,88,607 1,32,65,996 81,39,449 1,32,65,996 1,95,366 3,90,733 1,10,00,000 1,10,00,000
34 0 1,56,293 1,10,00,000 0 1,50,683 39,073 12,04,929 84,07,192 3,76,708 2,34,440 5,08,488 1,36,99,296 84,14,035 1,36,99,296 1,95,366 3,90,733 1,10,00,000 1,10,00,000
35 0 1,56,293 1,10,00,000 0 1,55,115 39,073 11,16,323 87,02,513 3,87,787 2,34,440 5,30,390 1,41,45,718 87,02,513 1,41,45,718 1,95,366 3,90,733 1,10,00,000 1,10,00,000
36 0 1,56,293 1,10,00,000 0 1,59,547 39,073 10,28,632 90,02,017 3,98,867 2,34,440 5,54,577 1,45,89,838 90,02,017 1,45,89,838 1,95,366 3,90,733 1,10,00,000 1,10,00,000
37 0 1,56,293 1,10,00,000 0 1,63,979 39,073 9,41,973 93,02,948 4,09,947 2,34,440 5,81,346 1,50,46,553 93,02,948 1,50,46,553 1,95,366 3,90,733 1,10,00,000 1,10,00,000
38 0 1,56,293 1,10,00,000 0 1,68,410 39,073 8,56,481 96,01,616 4,21,026 2,34,440 6,11,035 1,55,09,462 96,01,616 1,55,09,462 1,95,366 3,90,733 1,10,00,000 1,10,00,000
39 0 1,56,293 1,10,00,000 0 1,72,842 39,073 7,72,309 98,93,032 4,32,106 2,34,440 6,44,021 1,59,62,933 98,93,032 1,59,62,933 1,95,366 3,90,733 1,10,00,000 1,10,00,000
40 0 1,56,293 1,10,00,000 0 1,77,274 39,073 6,89,627 1,01,70,576 4,43,185 2,34,440 6,80,732 1,64,15,866 1,01,70,576 1,64,15,866 1,95,366 3,90,733 1,10,00,000 1,10,00,000
41 0 1,56,293 1,10,00,000 0 1,81,706 39,073 6,08,627 1,04,25,378 4,54,265 2,34,440 7,21,647 1,70,11,105 1,04,25,378 1,70,11,105 1,95,366 3,90,733 1,10,00,000 1,10,00,000
42 0 1,56,293 1,10,00,000 0 1,86,138 39,073 5,64,924 1,06,45,566 4,65,345 2,34,440 7,67,310 1,76,02,873 1,06,45,566 1,76,02,873 1,95,366 3,90,733 1,10,00,000 1,10,00,000
43 0 1,56,293 1,10,00,000 0 1,90,570 39,073 5,88,331 1,08,15,207 4,76,424 2,34,440 8,18,329 1,81,74,838 1,08,15,207 1,81,74,838 1,95,366 3,90,733 1,10,00,000 1,10,00,000
44 0 1,56,293 1,10,00,000 0 1,95,002 39,073 6,24,156 1,09,12,801 4,87,504 2,34,440 8,85,390 1,87,11,426 1,09,12,801 1,87,11,426 1,95,366 3,90,733 1,10,00,000 1,10,00,000
45 0 1,56,293 1,10,00,000 1,05,53,510 1,99,433 39,073 0 0 4,98,584 2,34,440 0 0 0 0 1,09,48,309 1,99,51,902 1,10,00,000 1,10,00,000

There are mul ple product op ons in the product. I understand that returns vary under each op on. I have made choice of inves ng in more than one product
option considering my need and understanding the benefit under each option.
Notes: Annualized Premium excludes underwri ng extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods &
Service Tax. Refer Sales literature for explanation of terms used in this illustration.
1. The above benefit illustration demonstrates premium paid at the beginning of the year and all the benefits are paid out at the end of year.
2. The Survival Benefits are payable during the policy year when they are due as per the frequency. Upon payment at Maturity (Last Payout), the policy terminates,
and no further benefits become payable. The Maturity benefit will be the sum of Sum Assured on Maturity plus Accumulated Income benefits, if not paid earlier,
plus Terminal Bonus (if declared).
3. The surrender value payable will be higher of Guaranteed Surrender Value or Special Surrender Value (including any Terminal Bonus payable, if declared) and is
illustrated under 'Total Surrender Benefit' columns.
4. Surrender value illustrated above is end of the policy year value. 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 me to me. Upon payment of surrender benefit, the policy terminates, and no
further benefit becomes payable.
5. The death benefits shown above are at the end of the year. Upon payment of death benefit the policy terminates and no further benefit is payable. Not
Applicable for Policies with Goal Protection Benefit.
6. Income Tax benefits would be available as per the prevailing income tax laws.
7. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
8. RB - Reversionary Bonus, TB - Terminal Bonus
9. On payment at Maturity (Last Payout), the policy terminates and no further benefits become payable.

I,……….….…….(name), have explained the premiums, charges and benefits I………Sajja Malliswaru………(name), having received the informa on with
under the 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: [email protected]
www.bajajallianzlife.com

O.X.X.A.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 ACE Policy
1
Unique (UIN - 116N186V02) Schedule
Identification
Number (UIN)
Quotation Policy
2 60059692884
number Schedule
Type of
Policy
3 Insurance Non-Linked other than pure risk and pension
Schedule
Policy
Installment Premium for Year 1 (Rs): 9,80,000
Installment Premium Year 2 onwards (Rs): 10,00,000
Mode of Premium Payment: Annual
Basic Policy Policy
4 Sum Assured on Death (Rs): 1,10,00,000
Details Schedule
Sum Assured on Maturity (Rs): 1,05,53,510
Premium Payment Term (Years): 10
Policy Term (Years): 45
Benefits payable on maturity-
Part C
On maturity of the Policy, sum assured on maturity, accumulated income
Section 4
benefits (if any) and bonuses, if declared will be paid.
Benefits payable on death-
Part C
On death of Life assured during the policy term, sum assured on death,
105% of accumulated income benefits (if any) and bonuses, if declared will Section 4
be paid.
 Survival Benefits excluding that payable on maturity -

i.) Option 1- Deferred Income: Guaranteed Income plus cash bonuses, if

declared will be paid in arrears after the end of the Premium Payment Term
and Deferment period and is payable till the end of policy term.

ii.) Option 2- Early Income: Guaranteed Income plus cash bonuses, if

declared will be paid in arrears after the end of Deferment period and is
payable for the end of policy term. Part C
Policy iii.) Option 3- Increasing Income: Guaranteed Income plus cash bonuses, if Section 4
5 Coverage/ben declared will be paid in arrears after the end of the Premium Payment Term
efits payable and Deferment period and is payable till the end of policy term. These
incomes will be declared as a percentage of the Benefit Sum Assured.
Benefit Sum Assured is guaranteed to increase at 5% p.a. (on compounding
basis) every year. The increased Benefit Sum Assured will be used for
calculation of respective years Guaranteed Incomes and Cash bonuses.

iv.) Option 4- Wealth: No Survival benefit is paid.

Surrender Benefits

The policyholder will have the option to surrender the policy. The
surrender value payable will be the higher of the guaranteed surrender
value (GSV) or the special surrender value (SSV). Part D
The policy will acquire a GSV provided two (2) full years' premiums
Section 8
have been paid. SSV shall become payable after completion of first
(1st) policy year provided at least one (1) full years' premium has been
received.
A product option alone in a policy cannot be surrendered.
Options to policyholders for availing benefits, if any, covered under
the policy -
Part D
You can avail the policy survival benefits in yearly/ monthly instalments
Section
or accumulate within the policy. The accumulated amount can be
10
withdrawn anytime during the policy term
Option to take Death/ Maturity Benefit in Installments
Other benefits/options payable, specific to the policy, if any:

No other benefit payable other than survival, maturity, surrender and death -
benefit
Lock-in period for Linked Insurance products:
-
Not Applicable
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 Exclusions: In case of death of Life Assured due to suicide within
Exclusions
twelve (12) months from the Date of Commencement of Risk or the date of
(events where Part F
latest revival of the Policy, whichever is later, then, the Claimant shall be
insurance
9 entitled to receive the higher of 80% of the total premiums received till the Section
coverage is
date of death of the Life Assured or the Surrender Value, if any, available as 12
not payable), if
on the date of death, provided the Policy is in-force and the Policy will be
any
terminated. There are no other exclusions in the Policy.
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 30 Days
Period Section 5
1) Non- payment of premium -

If at least one (1) full years premium is not paid, the policy will,
Part D
immediately & automatically, lapse at the expiry of the grace period,
and no benefit other than the Accumulated income benefit, if any, will Section
be payable under the policy. The Accumulated income benefit, if any, 6
Lapse, paid-up
in the policy will be paid out at the end of grace period.
13 and Revival of
If at least one (1) full years premium has been paid and subsequent and
the Policy
premiums are not paid, then, the policy will be, immediately &
automatically, converted to a reduced paid-up policy at the expiry of Part B
the grace period.
Section 1
2) Revival of the policy - Within five (5) years from the due date of the first
unpaid premium, before the Maturity Date.
You will have the option to take Policy loan, subject to a maximum limit of Part D
Policy Loan If 80% of the [Surrender Value less TB on surrender (if any) less any AIB] +
14 Section
Applicable 50% of TB on surrender (if any). Loan interest rate applicable for the loan
will be as decided by the company from time-to-time. 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/pdf/customer-
services/services-tat.pdf

2. Helpline/Call Centre Numbers:

Toll free no (24*7) : 1800 2201 02

Sr. Citizens Toll free no. : 1800 2269 70
Claims / Customer Care No: (022) 40881000 Part F
15 Claims Board No.: (022) 66867575 Section
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
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 – 26
411006
2. By Email: [email protected]

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 15 days or if you are not satisfied with the resolution, you
may approach Grievance Redressal Officer at [email protected]

Link for registering the grievance with the insurer’s portal:Insurance Part G
17 Grievances company grievance portal - Section
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2 26 and
.7272630.541013491.1717475077- 27
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/tax-saving-investment-plans/bajaj-allianz-life-ace.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.