Bajaj Allianz Life Savings Plan: Single Premium Endowment Plan

Q: ⭐ What tax benefits can I get in this plan?

Premium paid may be eligible for tax benefits under section 80C of the Income Tax Act,1961. Survival, Maturity, Death and Surrender Benefits may also be eligible for tax exemption under Section 10(10D) of the Income Tax Act 1961, subject to the provision stated therein. Benefits under Section 10(10D) of the Income Tax Act 1961would not be available for option where sum assured is 1.5 times single premium. Benefits under Section 80C for this option would be restricted to 10% of the sum assured.

Age (Male)	Sum Assured option	Maturity Benefit
Policy Term - 5 years	Policy Term - 7 years	Policy Term - 10 years
25 years	`7,50,000 (For 1.5 times SP)	` 6,53,850	` 7,50,200	` 9,26,600
30 years	` 6,53,750	` 7,50,100	` 9,26,300
35 years	` 6,53,600	` 7,49,900	` 9,25,550
40 years	` 6,53,200	` 7,49,400	` 9,23,950
25 years	`50,00,000 (For 10 times of SP)	` 6,32,300	` 7,16,300	` 8,73,350
30 years	` 6,30,750	` 7,13,450	` 8,67,300
35 years	` 6,26,600	` 7,06,400	` 8,53,200
40 years	` 6,17,850	` 6,91,500	` 8,23,750

Age (Male)

Sum Assured option

Maturity Benefit

Policy Term - 5 years

Policy Term - 7 years

Policy Term - 10 years

25 years

`7,50,000
(For 1.5 times SP)

` 6,53,850

` 7,50,200

` 9,26,600

30 years

` 6,53,750

` 7,50,100

` 9,26,300

35 years

` 6,53,600

` 7,49,900

` 9,25,550

40 years

` 6,53,200

` 7,49,400

` 9,23,950

25 years

`50,00,000
(For 10 times of SP)

` 6,32,300

` 7,16,300

` 8,73,350

30 years

` 6,30,750

` 7,13,450

` 8,67,300

35 years

` 6,26,600

` 7,06,400

` 8,53,200

40 years

` 6,17,850

` 6,91,500

` 8,23,750

What is the Difference between a Savings Plan and Investment Plan?

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What Is Life Insurance Policy?

⭐ How to know my Guaranteed Maturity Benefit?

The Guaranteed Maturity Benefit will be paid on maturity date, provided the Policy is in force and will be equal to Single Premium multiplied by Guaranteed Enhancer (GE %). The GE percentage will be based on Age, Sum Assured option, Policy Term & Single Premium paid. For more details please refer to sales brochure for GE% .

⭐ Can I change my sum assured during the policy term?

You can choose between enhanced sum assured and sum assured only at the time of inception of the policy. It is not possible to change the Sum Assured during the policy term.

⭐ Can I avail loan under this savings plan?

Under this savings plan, you can avail a maximum of 80% of the policy’s Surrender Value as loan.

⭐ What tax benefits can I get in this plan?

Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility

Life Insurance Glossary

Accident

"Accident" means a sudden unforeseen and involuntary event caused by external and visible means.

Accidental Total Permanent Disability

"Accidental Total Permanent Disability" means the occurrence of a disability of the life of the Life Assured solely and directly due to an Accident as per the definitions and subject to the exclusions as specified in the policy document.

ATPD

"ATPD" means Accidental Total Permanent Disability

Critical Illness

"Critical Illness" means any Illness or condition specified in Annexure K of the policy document and shall include either the first diagnosis of any of the listed Illnesses or first performance of any of the covered surgeries and subject to exclusions as specified in the policy document

CI Benefit

"CI Benefit" means the benefit payable on the first diagnosis of the Life Assured with any specified Critical Illness. Please refer to Section 4 below for details.

Sum Assured

"Sum Assured" is the amount as specified in the Schedule for the Life Assured under the Policy.

Survival Benefit

"Survival Benefit" means any benefit that is payable under the Policy during the Policy Term based on the survival of the Life Assured to a specified date. There is no Survival Benefit under the Policy.

Survival Period

"Survival Period" means a period of thirty (30) days from the date of diagnosis of the Critical Illness as listed in the policy document.

WOP Benefit

"WOP Benefit" means the Waiver of Premium Benefit, which if applicable in the Variant chosen in the Policy, is a waiver of the future Regular Premium due, on the first occurrence of any death, CI and/or ATPD (as applicable) of the Life Assured who is also the Policyholder. Please refer to Section 4 below for more details.

Life Insurance for Life Goals Zp

A traditional life insurance plan only protects your family against the financial dangers posed by unforeseen death. But life insurance can be much more than a simple shield against financial hardship.

We all have some financial goals that we would like to reach in our lifetimes. These include buying a house, owning a car, getting our children settled, and having a comfortable retirement. Plans that combine the protection of life insurance with the growth of investment can help you reach all these goals, so that none of your dreams remain unfulfilled.

Life Insurance for Life Goals

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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Claims Settlement Ratio 99.23%^~
1 Day Claim Approval⁷
Solvency ratio of 432%^{^}
AAA : Stable Rating by CARE^$
` 106,829 Crore Total Assets Under Management (AUM)^**
4.19 Crore number of lives covered^#
Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

~Individual Death Claim Settlement Ratio for FY 2023-2024

**All figures as on 31 March 2024

^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%

^#Individual & Group

⁷96.70% 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

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!

GLOSSARY - PULL SMS TABLE!
1	For Callback for service related queries	SUPPORT<space>POLICY NO	8108222251
2	For Callback for renewal premium payment related queries (From Registered Mobile Number)	RENEW<space>POLICY NO
3	For Branch Address	BRANCH<space>PIN CODE
4	For Callback for Reinvestment related queries (From Registered Mobile Number)	REINVESTMAT<space>POLICY NO
5	For Fund Value of Policy (From Registered Mobile Number)	FV<space>POLICY NO
6	For Account Statement (From Registered Mobile Number)	ACCSTMT<space>POLICY NO
7	To Update Email Address (From Registered Mobile Number)	EREG<space>Unique ID*<space>DOB of policyholder in DDMMYYYY<space>email id
8	For Callback for queries related to fund switching	FSWITCH<space>POLICY NO
9	For IT Certificate (From Registered Mobile Number)	TAXCERT<space>POLICY NO
10	For Claim status	CLAIM<space>POLICY NO

GLOSSARY - PULL SMS TABLE!

No.

Service

Type Keyword

Send To

For Callback for service related queries

SUPPORT<space>POLICY NO

8108222251

For Callback for renewal premium payment related queries (From Registered Mobile Number)

RENEW<space>POLICY NO

For Branch Address

BRANCH<space>PIN CODE

For Callback for Reinvestment related queries (From Registered Mobile Number)

REINVESTMAT<space>POLICY NO

For Fund Value of Policy (From Registered Mobile Number)

FV<space>POLICY NO

For Account Statement (From Registered Mobile Number)

ACCSTMT<space>POLICY NO

To Update Email Address (From Registered Mobile Number)

EREG<space>Unique ID*<space>DOB of policyholder in DDMMYYYY<space>email id

For Callback for queries related to fund switching

FSWITCH<space>POLICY NO

For IT Certificate (From Registered Mobile Number)

TAXCERT<space>POLICY NO

For Claim status

CLAIM<space>POLICY NO

GLOSSARY - PULL SMS TABLE!
1	For Callback for service related queries	SUPPORT<space>POLICY NO	8108222251
2	For Callback for renewal premium payment related queries (From Registered Mobile Number)	RENEW<space>POLICY NO
3	For Branch Address	BRANCH<space>PIN CODE
4	For Callback for Reinvestment related queries (From Registered Mobile Number)	REINVESTMAT<space>POLICY NO
5	For Fund Value of Policy (From Registered Mobile Number)	FV<space>POLICY NO
6	For Account Statement (From Registered Mobile Number)	ACCSTMT<space>POLICY NO
7	To Update Email Address (From Registered Mobile Number)	EREG<space>UNIQUE ID as printed on policy bond<space>DOB of policyholder in DDMMYYYY<space>email id
8	For Callback for queries related to fund switching	FSWITCH<space>POLICY NO
9	For IT Certificate (From Registered Mobile Number)	TAXCERT<space>POLICY NO
10	For Claim status	CLAIM<space>POLICY NO

GLOSSARY - PULL SMS TABLE!

No.

Service

Type Keyword

Send To

For Callback for service related queries

SUPPORT<space>POLICY NO

8108222251

For Callback for renewal premium payment related queries (From Registered Mobile Number)

RENEW<space>POLICY NO

For Branch Address

BRANCH<space>PIN CODE

For Callback for Reinvestment related queries (From Registered Mobile Number)

REINVESTMAT<space>POLICY NO

For Fund Value of Policy (From Registered Mobile Number)

FV<space>POLICY NO

For Account Statement (From Registered Mobile Number)

ACCSTMT<space>POLICY NO

To Update Email Address (From Registered Mobile Number)

EREG<space>UNIQUE ID as printed on policy bond<space>DOB of policyholder in DDMMYYYY<space>email id

For Callback for queries related to fund switching

FSWITCH<space>POLICY NO

For IT Certificate (From Registered Mobile Number)

TAXCERT<space>POLICY NO

For Claim status

CLAIM<space>POLICY NO

Calling From	Phone Number (Toll Free)
AUSTRALIA	80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI	8014605
INDONESIA	0018030160202
JORDAN	080023194
OMAN	80074363
TURKEY	00800142030059
VIETNAM	1800400070
UNITED STATES	18339680951
Calling us from INDIA	18002097272
Rest of the World	+912067871700 (Call charges apply)

Bajaj Allianz Life Guaranteed Savings Goal

Choose your Single Premium amount

Choose your Policy Term

Choose your Sum Assured Option

Get your Guaranteed Maturity Benefit based on your Age, chosen Sum Assured option, Policy Term & Single Premium paid

Brochure

Policy Document

Product Presentation

Mr Srinivas,

Bajaj Allianz Life Guaranteed Savings Goal

Life Insurance Guide

FAQs

Documents you’ll need before investing

⭐ How to know my Guaranteed Maturity Benefit?

⭐ Can I change my sum assured during the policy term?

⭐ Can I avail loan under this savings plan?