Bajaj Allianz Life Smart Protection Goal

Decide on the level of protection by choosing the sum assured you need to safeguard your family's future.

Select the period for which you want to get life insurance protection and the period for which you want to pay the premium.

Depending on your convenience, you can decide the interval at which you would prefer to pay the premium during the premium payment term

Your premium will be based on your current age, gender, sum assured, optional benefit(s) chosen, , policy term, premium payment term & frequency, discounts applicable etc.

*If ROP has been chosen as Maturity Benefit, the return of premium as maturity benefit will be applicable both on the premium paid and on the Critical Illness Benefit opted.
*If Whole Life is opted for, then ROP is not available

For policies sourced through POS channel:

- Policy terms & conditions, Eligibility Conditions shall be as per prevailing POS guidelines, as amended from time to time
- Optional Critical Illness Benefit will not be available
- Whole life option will not be available

Maturity Benefit If ROP option has not been chosen, Maturity Benefit shall be NIL.

Death Benefit (Benefit payable on death of the Life Assured during the policy term) Your nominee/legal heir will receive the Sum Assured (as chosen by you at inception). The policy will terminate on payment of Death Benefit.

• Critical Illness Benefit (CIB)

• You can choose to opt for this Benefit. This Benefit will have a separate sum assured (CI Sum Assured).

  - In case of diagnosis of any of the listed Critical Illnesses, Sum Assured chosen for Critical Illness Benefit is payable if the CIB Cover is in-force as on the date of CI occurrence, subject to the waiting period, cooling-off period and the survival period

  - In case of Minor CI other than Angioplasty, 25% of the CI Sum Assured will be payable

  - For Angioplasty, lower of 5 Lacs or 25% of CI Sum Assured, will be payable

  - A maximum of four (4) Minor CI including Angioplasty claims will be payable during the CIB cover period

  - For Major CI, 100% of CIB will be payable

  - The total claims paid under Minor and Major CI will not be more than 100% of CI Sum Assured

  - If CIB has been paid for four (4) Minor CIs including Angioplasty during cover period, no CIB will be payable for any future Minor CI. Any remaining CI Sum Assured shall be payable on the occurrence of a Major CI.

  - Once claim is paid for Minor CI (including Angioplasty), no future claim will be paid for the same Minor CI. The remaining CI Sum Assured will continue for all listed CI’s excluding the Minor CI for which the claim has already been paid.

  - If ROP option is chosen and 100% of CI Sum Assured has not been claimed, on maturity the ROP will be a proportion of the total premiums paid for CIB.

  If policy is in-force at the end of the CI Cover Period, if ROP feature was taken and if no claim has been paid w.r.t. the CI Benefit, then, ROP, w.r.t. the CI Benefit will be paid at the end of CI Cover Period.

  The sum of all CI Benefits payable will not be less than 105% of CI Total Premiums paid up to the date of the final CI occurrence.

• Whole of Life - Life Cover up to age 99 years

• This option is only available when limited premium payment option is chosen

• Return of Premiums (ROP)

• - (Maturity Benefit payable if the Life Assured survives till date of maturityand if no death claims have been made before the date of maturity)

  - You will receive a Maturity Benefit equal to total premiums paid, as a one-time lump sum on the date of maturity, and the policy will terminate

  - If You have opted for CIB and

  - If no claim has been paid w.r.t. CIB, then, Maturity Benefit will be paid at the end of CI Policy Term

  -If any claim for Minor CI(s) has been paid, proportion of Maturity Benefit, as applicable, shall be payable under this Benefit, provided CI Sum Assured has not exhausted.

  CI Benefit shall immediately terminate on payment of this Benefit.

Note -

The optional Benefit(s)can be chosen only at inception and cannot be altered during the term of the Policy.

Premium will vary depending upon the Optional Benefit(s) chosen

For policies sourced through POS channel, Waiting Period of sixty (60) days from Date of commencement of risk shall be applicable. During this period, the Death Benefit due to any reason other than Accidental Death will be 100% of Total Premiums paid till date, excluding GST/any other applicable tax levied, subject to changes in tax laws and any extra premium