1. What is a term insurance plan & how does it work?

A term insurance plan [1] is the simplest form of life insurance which offers coverage for a fixed time frame or a term. Designed to act as a financial cushion, it pays a pre-defined sum assured to the nominee, if the life assured dies within the policy term. Usually, a term insurance is cheaper than the rest of insurances, as it pays only the death benefit.

2. How do I determine my suitable term insurance coverage amount?

A suitable term insurance coverage should align with the requirement of funds to financially support your family in your absence as well as your affordability to pay premiums. You may determine the same based on [2] [3] your age, income, number of dependents and their monthly expenses, family medical history, the life goals you wish to fulfil like your child’s higher education or marriage or spouse’s retirement corpus, outstanding liabilities like loans or debts, and existing wealth.

3. What are the documents required for buying a term insurance plan?

The documents required to buy term insurance in India are: Age and identity proof: Aadhar card/voter’s card/passport/driving license Address proof: Aadhar card/voter ID card/passport/driving license/ Income proof: last 3 month’s salary statement/ last 3 years IT returns/Form 16/ Last 6 months’ bank statement for the salaried and last 3 year’s IT returns with computation for the non-salaried income earners. Current photograph

4. What are the key benefits of term insurance?

The key benefits [4] of a term insurance are as follows: Simple and cheap: A term insurance policy is easy to understand and is available at relatively low premiums. High coverage: Paying only the death benefit, term insurances offer a high sum assured as the coverage amount. Rider benefits: A term insurance policy lets you enhance your coverage through optional riders available at an additional nominal rate such as critical or terminal illness coverage, accidental death coverage, and a premium waiver for permanent disability. Tax benefits: Term insurance plans also offer tax benefits. The annual premium payment up to Rs 1.5 lakh is eligible for deduction under section 80C of the Income Tax Act 1961 (in case of old tax regime); deductions under Section 80D can be availed up to Rs 25,000 (in case of old tax regime) for health-related riders like the one for critical illness, and the death benefit is tax-free under section 10 (10D). Flexible premium payment: A term insurance policy allows premiums to be paid according to affordability. You can choose to pay premiums in options of: single pay or one-time premium; limited pay, where the premium payment term is shorter than the policy term; or regular pay, where you can make annual, half-yearly, quarterly, or monthly payments for the entire policy term.

5. Does term insurance cover accidental death?

Yes, term insurance covers accidental death [4] through an optional rider. You can choose this rider at an additional nominal premium to avail an enhanced coverage for an added layer of financial protection for your loved ones.

6. What death benefits does a term insurance policy offer?

A death benefit [4] is an amount payable to the nominee of the term insurance if the life assured dies within the policy term . This is the sum assured or the coverage amount, specified in the policy. The specified death benefit amount can be enhanced by adding optional riders available at an additional nominal premium to the policy.

7. What happens when a term life insurance policy matures?

No payout is made if the term life insurance policy matures [4] unless you have chosen return of premium (ROP) feature in your policy.

8. How is the premium for term insurance calculated?

The premium for term insurance is calculated [5] based on the age, gender, income, health condition, family medical history, occupation, lifestyle, and habits of the life assured etc. The amount of premium also depends on the policy tenure chosen and the type and amount of coverage needed. You can seek the help of a term insurance premium calculator from the insurance websites for easy and quick calculations.

1. What is a savings plan?

A savings plan [6] is a method in which you accumulate money to meet certain financial targets, such as a fund for emergency requirements, marriage, a child’s higher education, repair, or renovation of a property, travel plans, setting up a business, buying a vehicle, retirement corpus, etc.

2. Why should you consider investing in a savings insurance plan?

A savings insurance plan combines your needs for life insurance and savings. Following are the reasons [7] why you may consider buying it. It secures your loved ones’ financial future by the death benefit payout. It secures your savings by providing guaranteed* returns upon maturity of the policy. It helps you attain financial goals through savings. It comes at relatively cheaper premiums, often starting as low as Rs 1000/month. It provides tax deductions on premium payments (in case of old tax regime ) while both the maturity benefit and death benefit are tax-free.

3. What are the advantages of a savings insurance plan?

A savings insurance plan has a set of advantages [7] . They are: Affordability: These plans are relatively cheap and available at low premiums. Life coverage: These plans financially secure your family in your absence through a death benefit. Guaranteed * returns: These plans offer guaranteed * returns upon maturity, securing your savings. Tax benefits: These plans offer tax benefits under the Income Tax Act 1961 upon premium payment as well as death and maturity benefits.

4. Can I get regular income from a savings plan?

Yes, you can get regular income [8] from a savings plan. A savings insurance plan or a guaranteed * return insurance plan offers an option of getting monthly payouts after the policy matures.

5. What kind of riders are available in a savings plan?

Savings plans come with optional riders. The key ones [9] are: Critical illness: This rider offers additional coverage if the life assured is diagnosed with critical or terminal illness covered under the provisions of the rider . Accidental death benefit rider: Under this, an added coverage is provided towards accidental death. Waiver of premium: Here remaining premiums are waived off by the insurer if the life assured gets permanently disabled. Family income benefit: Under this, the family receives a regular income stream for a pre-specified period in the event of the life assured’s demise. Return of premium: This benefit enables the policyholder to get all the premiums paid upon maturity of the policy against a marginal premium payment. Long-term care: Under this, regular monthly incomes are provided to the life assured if he/she undergoes long-term hospitalisation or home care. Child term: This pays a death benefit if the child dies before a specified age. It can be converted into permanent insurance upon maturity.

6. Can I avail a loan under a savings plan?

Yes, you can avail a loan [10] by keeping a savings insurance plan as the collateral. Please note that all non-linked savings products with a surrender value will include a policy loan option based on the eligible surrender value. Additionally, insurers may provide a policy loan facility for annuity products with a "return of purchase price" option, also based on the eligible surrender value. 23

7. What tax benefits come with a savings insurance plan?

The tax benefits [11] of savings plans are: Annual premium payments up to Rs 1.5 lakhs are eligible for deduction under section 80C of the Income Tax Act 1961 (in case of old tax regime ). Deduction up to Rs 25,000 a year upon coverage of health-related riders like the critical illness or the waiver of premium due to illness under section 80D (in case of old tax regime). The death benefit is tax-free, and the maturity benefit is subject to deduction under section 10(10D).

1. What are the key features of ULIPs?

ULIP is a life insurance product , that also comes with an option of market linked investment. ULIPs help you secure the financial future of your loved ones through the insurance component and at the same time generate long-term wealth for your financial goals. The key features [12] of unit-linked insurance plans (ULIPs) are: ULIP has a lock-in period of 5 years within which you can’t withdraw funds. Post the lock-in period, partial withdrawals are allowed in emergencies or financial requirements and subject to terms and conditions of the policy. You can pay premiums in an annual, half-yearly, quarterly, or monthly schedule as per your affordability. If you feel your portfolio is underperforming, you can reallocate your money from one fund to another.

2. What are the different types of funds under ULIPs?

Unit Linked Insurance Plan allow you to secure the future of your dependants with a life insurance and meet your financial goals through a market linked investment option . When investing in a ULIP, you will be able to choose from the below fund options available [13] : Debt Funds : Invests majorly in debt funds, government securities, bonds, and money market instruments. Equity Funds : Invests mostly in equities and company stocks. Balanced Funds : Invests in a mix of debts and equities.

3. How does a ULIP differ from traditional plans?

A ULIP differs from traditional plans in terms of its market-linked features. Unlike traditional plans, ULIPs [14] invest a portion of premiums paid in market-linked funds to earn returns, with no fixed maturity benefit, have a 5-year lock-in period, allow fund switches , and enable policyholders to track their portfolio.

4. What is the difference between Sum Assured and Maturity Benefit in a ULIP?

A sum assured in ULIP [15] is the life cover or the minimum assured amount payable upon the death of the life assured . The maturity benefit refers to the total return earned on maturity through the investment component of the policy.

5. What returns can I expect from a ULIP?

The returns from a ULIP [13] are based on the mix of the portfolio chosen by the policyholder. Equities, or high-risk assets, may earn high returns over the long term, while debt funds or other less risky assets can fetch lower returns.

6. Are ULIPs tax-free?

The maturity and death benefits are tax-free in ULIP [13] under section 10(10D) of the Income Tax Act, 1961 (subject to satisfaction of conditions mentioned therein). Additionally, annual premium payment is also subject to deductions under section 80C (in case of old tax regime).

7. How do I choose my preferred ULIP?

To choose your preferred ULIP, you may focus on the following steps: Identify the investment goals. Choose the right amount of life insurance coverage Carefully check the fund options and pick the ones that align with your investment objectives and risk appetite. Research and review how your previous funds have performed in the past ** of the ULIP plans Understand and compare the charges associated.

1. What is life insurance and how does it work?

A life insurance policy is a contract between a policyholder and the insurance company. Here the policyholder is liable to pay the assigned premiums in a specified schedule for a specific period. Against the premiums paid, the nominee(s) is entitled to get an assured lump sum as a death benefit if the life assured dies within a policy term .

2. When should I buy a life insurance policy?

The ideal time [17] to buy life insurance varies from person to person. Usually, it may be beneficial to get life insurance if you have dependents or you’re in crucial stages of your life like marriage, childbirth, or starting a business. Experts believe purchasing life insurance is more beneficial when you are young, as the premiums are lower.

3. What are the key benefits of life insurance?

The key benefits of life insurance are: Life insurance offers a lump sum coverage amount to the nominee upon the life assured’s death, which may financially cushion the family from unforeseen crises. Premiums of life insurance are relatively low and cost-effective when bought early in life. Life insurances with maturity benefits provide fixed returns, which are guaranteed * savings. Coverage can be enhanced through optional riders which come at an additional nominal rate. Premium payments are subject to tax deductions (in case of old tax regime), while death and maturity benefits are tax-free (subject to satisfaction of conditions mentioned therein). Additionally, health-related riders offer tax deductions too (in case of old tax regime). Loan facility is available against the policy.

How can I switch funds in my portfolio digitally?

The key benefits of life insurance are: Life insurance offers a lump sum coverage amount to the nominee upon the life assured’s death, which may financially cushion the family from unforeseen crises. Premiums of life insurance are relatively low and cost-effective when bought early in life. Life insurances with maturity benefits provide fixed returns, which are guaranteed * savings. Coverage can be enhanced through optional riders which come at an additional nominal rate. Premium payments are subject to tax deductions (in case of old tax regime ), while death and maturity benefits are tax-free (subject to satisfaction of conditions mentioned therein). Additionally, health-related riders offer tax deductions too (in case of old tax regime). Loan facility is available against the policy.

4. How much coverage amount do I need?

The coverage amount should base on individual needs and targets. According to experts [19] , a coverage of at least 10 times your current annual income may be a good amount to financially secure your loved ones in your absence.

5. How do I choose the right sum assured for life insurance?

To choose the right sum assured for life insurance [20] , you may identify your goals, calculate and add up the monthly family expenses, liabilities like outstanding loans or debts, and funds needed to fulfil goals like a child’s education, marriage, or spouse’s retirement corpus, and deduct from it the value of your existing wealth. A life insurance coverage calculator may be helpful.

6. What is a life insurance premium?

A life insurance premium [21] is the amount of money payable on a specified schedule to keep the policy active.

7. How much premium will I have to pay?

How much premium one may pay depends on [16] his/her age, gender, health, family medical history, lifestyle, smoking, and driving habits etc. It also depends on the preferred coverage and policy tenure.

8. What is a life insurance quote?

A life insurance quote is the amount payable for the policy.

9. Who should consider purchasing life insurance?

Those who [22] have dependents like a spouse, parents, or children, may consider purchasing life insurance.

10. What are the different types of life insurance plans?

Following are the different types [18] of life insurance plans available. Term plan ULIP Endowment policy Whole life policy Money back policy Pension Plan etc.

11. What factors impact the premium of a life insurance policy?

The premium of a life insurance policy is affected by the coverage and tenure of the policy as well as the life assured’s details like age, gender, income, health, family medical records, lifestyle, smoking, and driving habits.

12. How do I file a life insurance claim?

To file a life insurance claim [18] , i.e., the death claim, the assignee or nominee should send a claim intimation to the insurer as early as possible , it should contain the date, place, and cause of death. Afterwards, a filled-up claim form, death certificate, original policy document, deeds of assignment/reassignment, legal document in case of no specified nominee, and discharge certificate executed and witnessed need to be submitted when the insurance company asks for documents.

13. Which types of death are typically not covered by life insurance?

A life insurance policy may not cover deaths in the following cases [16] : Death due to risky activities like adventure sports, rash driving or car racing, and certain hazardous jobs like mining, firefighting, construction work, piloting, police work, or oil rig work. Insurances can be availed in these cases but at much higher premiums. Murder in which the beneficiary is involved somehow. Suicide within two years of the policy issuance.

14. What are the main uses of life insurance?

The main uses of life insurance [21] are to financially protect your loved ones if you are no more and help you save taxes while you pay for it. The lump sum amount paid to the nominee as the death benefit can be utilised to help the family sustain its lifestyle, pay off debts, and fund life goals like the child’s education or marriage or the spouse’s retirement corpus. Meanwhile, you can earn tax benefits while you purchase a policy and pay its premiums.

Life Insurance | Bajaj Allianz Life Insurance Company In India

Claim Settlement Ratio of 99.23%^~

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

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Solvency Ratio of 432%^{^^^}

Disclaimer:^~Individual Death Claim Settlement Ratio for FY 2023-2024 | ^%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 January, 2025 | ^{^^^}Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | ^#Individual and group, as on 31 March, 2024.

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¹5% Discount applicable for customer's first individual life insurance policy on the life of the LA, applicable only on first year’s premium. 5% Discount for salaried employees, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

⁴Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) considering Male aged 23 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 7,159. 2nd Year onwards premium is Rs. 7,760. Total Premium is Rs. 2,32,199 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. 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.

⁵Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

²Get Free Health Management Services upto ₹ 31,000 per year

Health Management Services	Frequency	Cost (₹)
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
Total per year as per assumption		₹ 31,000

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

⁶Through Parental Care Option available in Bajaj Allianz Life Family Protect Rider (UIN:116B056V01)

¹¹Loyalty additions are payable only for premium of INR 5 lacs & above and wherein the policy term is 10 years & above

¹⁰Considering assumed investment return@8% in the above illustration.

Assumed Investment return on 20^th Policy Year	CAGR¹
₹1,12,13,273	8%
₹67,27,659	4%

¹The 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.

⁷Above illustration is for Bajaj Allianz Life iSecure - A Non-Linked Non-Participating Term Life Insurance Plan (UIN:116N109V05) considering Male aged 25 years | Non-Smoker | Policy Term (PT) – 10 years | Premium Payment Term (PPT) – 10 years | Sum Assured opted is ₹ 50,00,000 | Online Channel | Standard Life | Total Premium Paid is ₹ 1,17,340 | Medical Rates | Monthly Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

⁸If the customer is digitally KYC compliant and meets the eligibility criteria, medical, and underwriting norms.

⁹2% Discount on online purchase is available for regular premium payment and limited premium payment frequency throughout the premium payment term.

¹³Mortality Charges deducted are returned at the end of the policy term, by way of Loyalty Advantage added to your Fund Value.

¹⁴Loyalty additions & Fund Maintenance Booster are subject to policy terms and conditions

¹⁵Please refer to Bajaj Allianz Life Linked Accident Protection Rider (UIN: 116A055V02) sales literature or visit the insurance company’s website or consult your insurance consultant for more details and eligibility condition.

¹²Considering assumed investment return@8% in the above illustration.

Assumed Investment return on 20^th Policy Year	CAGR¹
₹99,13,515	8%
₹59,32,998	4%

¹The 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.

¹⁶Loyalty Addition: Loyalty Addition will be allocated at the end of 5th policy year starting from 10th policy year

¹⁷Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors for more details, please refer to sales brochure.

¹⁸Conditions Apply – The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details, please refer to sales brochure.

¹⁹Retired Life Income by way of Systematic Partial withdrawal, if opted for. Retired Life Income may be eligible for tax benefits as per extant Income Tax Act, subject to the provision stated therein.

²¹HSAR – High Sum Assured Rebate is subject to policy terms and conditions

²²Premium rate applicable to female life will be based on the premium rate of 3 years’ younger male

²³Features and benefits mentioned above are dependent upon annuity option chosen

²⁴Return of Purchase Price (ROP) - The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time

²⁵Fund booster is based on prevailing Annualized Premium at the time of addition of fund booster

²⁶The Purchase Price is the single Premium or the sum of all regular/limited Premiums paid (including in a paid-up policy); excluding any GST/any other tax as may be applicable from time to time

²⁷Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

²⁸Loyalty Addition: Loyalty Addition will be allocated at the end of 5th policy year starting from 10th policy year provided all due regular premiums have been paid up to date.

^~~As on 31st January, 2025

^*Number of Individual Death claims paid from FY 2006-07 to 31st March 2025

Product of the Year - Source - https://www.businesswireindia.com/product-of-the-year-announces-2024-winners-consumers-recognize-innovation-90443.html

This advertisement is designed for combination of Benefits of two individual products named (1) Bajaj Allianz Life Goal Assure IV - A Unit- Linked NonParticipating Individual Life Savings Insurance Plan (UIN: 116L204V01). (2) Bajaj Allianz Life POS Goal Suraksha - A Non Linked, Non Participating, Individual, Life Insurance Savings Plan (UIN: 116N155V13).These products are also available for sale individually without the combination offered/ suggested. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale

^{^}Conditions apply. The Guaranteed benefits are dependent on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales brochure.

^%market linked returns benefit is available for Bajaj Allianz Life Goal Assure IV

^#For Premiums of ₹ 10 Lakhs and above

^{^}Loyalty Additions is subject to policy terms and conditions.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

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

* Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

**Past performance is not indicative of future performance.

^*Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz Life eTouch II, Bajaj Allianz Life New Critical Illness Benefit Rider and Bajaj Allianz Life Family Protect Rider are the names of the company and the product/rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document of base product and rider carefully before concluding a sale or consult your “Insurance Consultant” for more details and eligibility conditions. Bajaj Allianz Life Superwoman Term comprises of Bajaj Allianz Life eTouch II – Life Shield variant (UIN:116N198V03) a Non-linked Non- Participating Individual Life Insurance Term Plan, Bajaj Allianz Life New Critical Illness Benefit Rider – Comprehensive option (UIN: 116B058V01) a Non-Linked, Non-Participating, Individual, Pure Risk Health Rider (this is a mandatory rider) and Bajaj Allianz Life Family Protect Rider – Child Care option (UIN: 116B056V01) - a Non-linked, Non-participating, Individual, Pure Risk Health Rider (this is an optional rider).

Bajaj Allianz Life eTouch II is also available individually for sale without the riders or with the other available riders options under the base policy.

^{^^*}Available with Bajaj Allianz Life Family Protect Rider – Child Care option - A Lumpsum benefit equal to 105% of Total premiums paid⁴ w.r.t rider will be paid on the earliest occurrence of death or Accidental Total Permanent Disability, plus a monthly income as a percentage (0.1% to 0.5%) of Rider Sum Assured as opted at inception will be paid until child turns Age 25. ⁴Total Premiums Paid: Total Premiums paid till date w.r.t. the rider option shall be the total of all premiums received under the rider option chosen, exclusive of taxes, extra premium w.r.t. the rider, if any. This is an optional rider.

^~~~Available with Bajaj Allianz Life New Critical Illness Benefit Rider - Comprehensive option (UIN: 116B058V01) - A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider. This is a mandatory rider

^{^^^}Health Management Services for Women upto ₹ 36,500 per year

Health Management Services for Women	Frequency	Cost (₹)
Comprehensive Health Check-Up: - Cancer Screening - Diabetic, Thyroid, Lipid profile tests - Calcium Serum test - Complete Blood Count test	1 per year	₹ 3,500
*OPD^{^} in-clinic consultations* (Specialist doctors like Gynaecologist, Obstetrician, Dermatologist, Paediatrician, Orthopaedic & General Physician) ^{^}OPD – Outpatient Department	1 per year	₹ 1,000
*Pregnancy OPD^* wallet** (OPD^ benefit worth ₹ 2,000 unlocked in case of pregnancy)	Once during policy term	Not considered in yearly cost since this is available once during policy term
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10% Out-patient consultation (O) - 10% In-patient consultation (P) - 5%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
		O - ₹ 5,000	₹ 500
		P - ₹ 10,000	₹ 500
Total per year as per assumption		₹ 36,500

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor insta consultations and health coach services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

References

[1]https://www.investopedia.com/ask/answers/08/term-life-insurance.asp

[2]https://www.forbes.com/advisor/in/life-insurance/term-insurance/best-term-insurance/

[3]https://www.etmoney.com/learn/insurance/how-much-term-life-insurance-cover-do-i-need/

[4]https://www.etmoney.com/learn/insurance/term-insurance-benefits/

[5]https://www.investopedia.com/ask/answers/09/calculating-premium.asp

[6]https://www.investopedia.com/make-savings-plan-5208028

[7]https://www.deccanherald.com/business/six-reasons-to-buy-a-savings-insurance-plan-1197690.html

[8]https://cleartax.in/s/best-investment-plan-for-monthly-income

[9]https://www.investopedia.com/articles/pf/07/life_insurance_rider.asp

[10]https://www.businesstoday.in/personal-finance/insurance/story/loan-facility-for-life-insurance-plans-know-procedure-to-borrow-funds-against-your-policy-433404-2024-06-15

[11]https://cleartax.in/s/term-insurance-tax-benefits

[12]https://www.etmoney.com/learn/insurance/all-you-need-to-know-about-unit-linked-insurance-plans/

[13]https://groww.in/p/unit-link-insurance-plan-ulip

[14]https://www.financialexpress.com/money/life-insurance-investment-understand-traditional-and-non-traditional-insurance-plans-1266918/

[15]https://cleartax.in/s/unit-link-insurance-plan-ulip

[17]https://www.investopedia.com/articles/investing/072816/what-best-age-get-life-insurance.asp

[18]https://policyholder.gov.in/how-to-make-a-claim-life

[19]https://www.investopedia.com/articles/pf/06/insureneeds.asp

[20]https://www.etmoney.com/learn/insurance/how-much-term-life-insurance-cover-do-i-need/

[21]https://www.investopedia.com/terms/i/insurance-premium.asp

[22]https://www.investopedia.com/who-needs-life-insurance-the-most-5075437

[23]https://irdai.gov.in/document-detail?documentId=5032913

Call to Buy

1800-209-4040

^{^}Above illustration is considering Female & Male aged 35 years | Non Smoker| Standard Life | Base Plan Policy Term 50 years & Premium Payment Term 50 years & Rider Policy Term 50 years & Premium Payment Term 50 years | Sum Assured for Bajaj Allianz Life eTouch II Life Shield variant is ₹1,00,00,000 & Bajaj Allianz Life New Critical Illness Benefit Rider Comprehensive option is ₹10,00,000 | Medical Rates | Yearly Premium Payment Mode | Online Channel | Death benefit opted is Lump Sum Payout | For Female- Bajaj Allianz Life eTouch II base plan 1st year premium is ₹16,533 and 2nd year onwards premium is ₹17,589 | Total Base Plan Premium ₹8,78,394 | Bajaj Allianz Life New Critical Illness Benefit Rider Comprehensive option premium is ₹2,950/ year | Total Rider Premium ₹1,47,500 | For Male- Bajaj Allianz Life eTouch II base plan 1st year premium is ₹21,410 and 2nd year onwards premium is ₹22,777 | Total Base Plan Premium ₹11,37,483 | Bajaj Allianz Life New Critical Illness Benefit Rider Comprehensive option premium is ₹4,730/ year | Total Rider Premium ₹2,36,500. Premium shown above is inclusive of 6% Discount on online purchase available for regular premium payment and limited premium payment frequency on first year's premium, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document of base product and rider (available on www.bajajallianzlife.com) carefully before concluding a sale or consult your “Insurance Consultant” for more details and eligibility conditions.

^$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. Tax Benefit is calculated at the rate of 31.20% after considering deduction of Rs. 150,000/- under Section 80C and deduction of Rs. 25,000/- (for self) under Section 80D of the Income Tax Act 1961 (under old tax regime).

¹Available with Bajaj Allianz Life Family Protect Rider – Child Care option - A Lumpsum benefit equal to 105% of Total premiums** paid w.r.t rider will be paid on the earliest occurrence of death or Accidental Total Permanent Disability, plus a monthly income as a percentage (0.1% to 0.5%) of Rider Sum Assured as opted at inception will be paid until child turns Age 25. **Total Premiums Paid: Total Premiums paid till date w.r.t. the rider option shall be the total of all premiums received under the rider option chosen, exclusive of taxes, extra premium w.r.t. the rider, if any. This is an optional rider

²Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

*Available with Bajaj Allianz Life New Critical Illness Benefit Rider – Comprehensive option (UIN: 116B058V01) a Non-Linked, Non-Participating, Individual, Pure Risk Health Rider. This is a mandatory rider.

^^Get Free Health Management Services for Women up to Rs. 36,500 per year

Health Management Services for Women	Frequency	Cost (₹)
Comprehensive Health Check-Up: - Cancer Screening - Diabetic, Thyroid, Lipid profile tests - Calcium Serum test - Complete Blood Count test	1 per year	₹ 3,500
OPD^ in-clinic consultations (Specialist doctors like Gynaecologist, Obstetrician, Dermatologist, Paediatrician, Orthopaedic & General Physician) ^ OPD – Outpatient Department	1 per year	₹ 1,000
Pregnancy OPD^ wallet (OPD^ benefit worth ₹ 2,000 unlocked in case of pregnancy)	Once during policy term	Not considered in yearly cost since this is available once during policy term
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10% Out-patient consultation (O) - 10% In-patient consultation (P) - 5%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
		O - ₹ 5,000	₹ 500
		P - ₹ 10,000	₹ 500
Total per year as per assumption		₹ 36,500

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI No. 116

For more details on risk factors, terms and conditions please read sales brochure & policy document of base plan and rider (available on www.bajajallianzlife.com ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

^~ Individual Death Claim Settlement Ratio for FY 2023-2024

*Premium increase applicable only for certain policy term, premium payment term and sum assured combinations.

^{^}BIMA Applications Supported by Blocked Amount (BASBA)- One- time mandate for blocking the amount towards premium through Unified Payments Interface (UPI mandate) for issuance of life insurance policies. Premium is required to be paid only after the insurer communicates the decision of acceptance of the proposal. Risk cover shall commence only after receipt of premium. Available only for online channel.

³5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

^#The Premium prices mentioned are the lowest available across all online channels/ platforms for the purchase of this specific version of the product. These rates are subject to input parameters^& as required for policy issuance remaining consistent during comparison. No Staff/Partner discount* can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of the premium paid. *Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members. ^&Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance

¹Through Parental Care Option available in Bajaj Allianz Life Family Protect Rider (UIN: 116B056V01). Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions.

**Get Free Health Management Services for men up to Rs. 31,000 per year

Health Management Services	Frequency	Cost (₹)
Doctor Insta-Consultations	3 consultations per month = 36 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 36 = ₹ 18,000
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10%	Throughout the year	Assumption – Total expense on these services throughout the year	Total discounts that can be availed throughout the year
		M - ₹ 5,000	₹ 500
		L - ₹ 5,000	₹ 500
Total per year as per assumption		₹ 31,000

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI No. 116

^~Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error.

Risk Profile-Very High

^^As on 31st December 2024

^Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

¹Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

^$Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

²Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms. Subject to availability in Bajaj Allianz Life ULIP Plans. 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.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. 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.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

Bajaj Allianz Life Insurance Co. Ltd.| IRDAI No.116

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

Market-Linked Returns with Tax Benefits^$

Returns upto 26.7%*

Starting from ₹3000/ Month¹

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CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life 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.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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