Young Assure - Child Education Plans & Future Plan

Policy Term	Premium Paying Term
10	5,7
15	12,15
20	12,15,20

Policy Term

Premium Paying Term

5,7

12,15

12,15,20

Cash Installments	1st	2nd	3rd	4th	5th
5 years (Option II)	Guaranteed Additions + Vested Bonus, if any + Interim Bonus, if any	22% of GMB	25% of GMB	28% of GMB	34% of GMB + Terminal Bonus, if any
At Assumed Investment Return of 8% (in `)	4,21,833	66,000	75,000	84,000	1,02,000
At Assumed Investment Return of 4% (in `)	1,80,000	66,000	75,000	84,000	1,02,000

Cash Installments

1st

2nd

3rd

4th

5th

5 years (Option II)

Guaranteed Additions + Vested Bonus, if any + Interim Bonus, if any

22% of GMB

25% of GMB

28% of GMB

34% of GMB + Terminal Bonus, if any

At Assumed Investment Return of 8% (in `)

4,21,833

66,000

75,000

84,000

1,02,000

At Assumed Investment Return of 4% (in `)

1,80,000

66,000

75,000

84,000

1,02,000

Cash Installment	Cash Installment Options
Option I-3 years	Option II-5 years	Option III-7 years
1^st	GA + VB, if any + IB, if any
2^nd	50% of GMB	22% of GMB	12% of GMB
3^rd	55% of GMB + TB, if any	25% of GMB	15% of GMB
4^th	-	28% of GMB	18% of GMB
5^th	-	34% of GMB + TB, if any	20% of GMB
6^th	-	-	23% of GMB
7^th	-	-	25% of GMB + TB, if any
Total GMB payable	105% of GMB	109% of GMB	113% of GMB

Cash Installment

Cash Installment Options

Option I-3 years

Option II-5 years

Option III-7 years

1^st

GA + VB, if any + IB, if any

2^nd

50% of GMB

22% of GMB

12% of GMB

3^rd

55% of GMB + TB, if any

25% of GMB

15% of GMB

4^th

28% of GMB

18% of GMB

5^th

34% of GMB + TB, if any

20% of GMB

6^th

23% of GMB

7^th

25% of GMB + TB, if any

Total GMB payable

105% of GMB

109% of GMB

113% of GMB

PPT	5 years	7 years	12 years	15 years	20 years
GA (%)	15%	25%	40%	60%	90%

PPT

5 years

7 years

12 years

15 years

20 years

GA (%)

15%

25%

40%

60%

90%

Sr. no	Rider	UIN
1	Bajaj Allianz Accidental Death Benefit Rider	UIN: 116B034V02
2	Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider	UIN: 116B036V02
3	Bajaj Allianz Critical Illness Benefit Rider	UIN: 116B035V02
4	Bajaj Allianz Family Income Benefit Rider	UIN: 116B037V02
5	Bajaj Allianz Waiver of Premium Benefit Rider^##	UIN: 116B031V02

Sr. no

Rider

UIN

Bajaj Allianz Accidental Death Benefit Rider

UIN: 116B034V02

Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider

UIN: 116B036V02

Bajaj Allianz Critical Illness Benefit Rider

UIN: 116B035V02

Bajaj Allianz Family Income Benefit Rider

UIN: 116B037V02

Bajaj Allianz Waiver of Premium Benefit Rider^##

UIN: 116B031V02

Policy Term (in years)	10	15	20
Premium Payment Term (in years)	5	7	12	15	12	15	20
Rebate (in `)	48	37	39	36	46	42	39

Policy Term (in years)

Premium Payment Term (in years)

Rebate (in `)

Avail Systematic Investment Plans for a more stable financial future

ULIP plan that helps to reach your life goals From Bajaj Allianz Life

Move a step closer to your Life Goals with prudent financial planning

⭐ What is the Maturity Benefit under this plan?

The Maturity Benefit is the sum total of Guaranteed Maturity Benefit (GMB), Guaranteed Additions (GA), Vested Bonus (VB), Interim Bonus (IB), if any and Terminal Bonus (TB), if any.

⭐ What will happen if death occurs after availing Accidental Permanent Total Disability Benefit?

In case of the unfortunate occurrence of death of Life Assured after the Accidental Permanent Total Disability Benefit is triggered, then the death benefit will be paid and the policy will continue till maturity. The maturity benefit amount is paid to the nominee at the end of the policy term. The Death benefit, in this case, will be Sum Assured on death and is subject to the Guaranteed Death Benefit of 105% of the total premiums paid till the date of death.

⭐ How is the in-built Waiver of Premium rider in Young Assure different from the additional rider?

The in-built Waiver of Premium Benefit (WOP) Rider in this plan is applicable to the base policy premiums. The benefit here is that in case of the occurrence of total permanent disability or death of Life Assured during the policy term, all future premiums under the policy will be waived off. In such a scenario, the policy is treated as a fully paid-up policy. However, in case you opt for WOP as an additional rider, then an additional trigger event is covered which is Critical Illness. That means all future premiums will be waived off on the earlier occurrence of Critical Illness or total or permanent disability or death of the life assured.

Life Insurance Glossary

Annualized Premium

“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.

Grace Period

“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.

Life Assured

“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.

Maturity Date

“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder

Nominee

“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document

Paid up Sum Assured on Death

“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.

Paid up Sum Assured on Maturity

If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.

Paid up Sum Assured

“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy

Policyholder

“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company

Rider Benefit

“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document

Rider Life Assured

“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider

Rider Premium

“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.

Rider Premium Paying Term

“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.

Rider Term

"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule

Sum Assured

“Sum Assured” is the amount as specified in the Schedule under the Policy.

Surrender Benefit

“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. For more details refer to the Policy Document

Vested Bonus

“Vested Bonus” is the amount of compound reversionary bonus already attached with the Policy, based on the rates of compound reversionary bonus declared by the Company in the past for this plan at the end of each Financial Year

Have us
call you

Please enter a Name

Please enter a Mobile No.

I agree and consent to the

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

Terms & Conditions and the Privacy Policy

Please select a option

#1Top Riser Brand Amongst ‘Top 75' most valuable Indian Brands 2022¹
One of the most Trusted Brand²
Claims Settlement Ratio 99.02%^~
1 Day Claim Approval⁷
Solvency ratio of 581%^
AAA; Stable Rating by CARE^$
Claim deposits via electronic transfer to make process faster
` 85,623 Crore Total Assets Under Management (AUM)^**
2.87 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 2021-2022

**All figures as on 31 March 2022

^Solvency ratio 581% as at 31 March 2022 against IRDAI mandated 150%

^#Individual & Group

¹Report published by Kantar BrandZ India 2022, for details click here

²Survey conducted by brand equity – Nielsen in March 2020

⁷95.49% of non-investigative individual claims approved in one working day for FY 2021-22. 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)

Child Education Investment Plan - Bajaj Allianz Young Assure

Guaranteed maturity benefit and guaranteed additions

Bonus

Three cash instalment options

Comprehensive coverage

Multiple rider benefits

Multiple premium payment and policy terms

Choose your Policy Term

Choose your Premium Payment Term

Choose your Premium Payment Frequency

Choose your Guaranteed Maturity Benefit

Choose your Cash Installment option

Entry Age

Minimum age is 18 years

Maximum age is 50 years

Maturity Age

Minimum age of maturity 28 years

Maximum age of maturity 60 years

Premium

Based on GMB chosen, age, policy term, premium payment term and premium payment frequency

Guaranteed Maturity Benefit (GMB)

Minimum ` 1,00,000

Maximum As per Board Approved Underwriting Policy

Sum Assured

10 times Annualized Premium#

Premium Payment Frequency

Yearly, Half yearly, Quarterly and Monthly*

Policy Term & Premium Payment Term (in years)

Brochure

Policy Document

Product Presentation

Gautam , 30 years old

Policy Term: 20 Years

Maturity Benefit

Death Benefit

Accidental Permanent Total Disability Benefit

Additional Rider Benefits

Premium Rebate

Child Education Investment Plan - Bajaj Allianz Young Assure

Life Insurance Guide

FAQs

Documents you’ll need before investing

⭐ What is the Maturity Benefit under this plan?

⭐ What will happen if death occurs after availing Accidental Permanent Total Disability Benefit?

⭐ How is the in-built Waiver of Premium rider in Young Assure different from the additional rider?

Life Insurance Glossary

Annualized Premium

Grace Period

Life Assured

Maturity Date

Nominee

Paid up Sum Assured on Death

Paid up Sum Assured on Maturity

Paid up Sum Assured

Policyholder

Rider Benefit

Rider Life Assured

Rider Premium

Rider Premium Paying Term

Rider Term

Sum Assured

Surrender Benefit

Vested Bonus

Customers also bought

ULIP Investment Plan

Bajaj Allianz Life Goal Assure

ULIP Investment Plan

Bajaj Allianz Life LongLife Goal

10 times Annualized Premium^#

Yearly, Half yearly, Quarterly and Monthly^*