Claim Settlement Ratio of 99.23%~

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

Bajaj Allianz Life LongLife Goal

A Unit-Linked Non-Participating Whole Life Insurance Plan

Retired Life Income* till age 99 years with Return Enhancer
Whole of Life Insurance Cover
Loyalty Additions every year from 5th Policy Year till 25th Policy Year
Periodical Return of Life Cover charges
Tax Benefits under Section 80C & 10(10D)$
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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

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  • Policy Benefits

  • Ten Reasons To Invest

  • How ULIPs Works

  • Sample Illustration

You are constantly working towards achieving life goals and your lifestyle improves every time you cross a new milestone. You want to maintain the same way of life during your golden years as well. More importantly, most of us have several goals like traveling to exotic locations, safeguarding your child's future, enhancing your family's lifestyle or maybe, retiring early! All these life goals need to be planned for. Herein one can opt for a ULIP plan that provides for financial security as a Retired Life Income (RLI).

To ensure a comfortable and worry-free retirement, when your regular income stops, requires you to make smart investment choices during your early working years. Bajaj Allianz Life LongLife Goal is a non-participating, life, individual, whole of life Unit-Linked limited premium payment endowment plan is one such product. It invests your money in an investment portfolio selected by you and provides for market linked returns over long-term, to help you accumulate a healthy retirement corpus. Features such as periodic return of life cover charges i.e. mortality charges (PROMC) and loyalty additions further add to your retirement corpus taking you closer to a retired life of your dreams.

You have a unique option to receive a regular income till 99 years with return enhancer, after the Age 55 years or after 10th Policy Year, whichever is later, ensuring that your lifestyle remains unchanged, even during retirement.

Bajaj Allianz Life LongLife Goal, with regular income and life insurance cover, will turn your retirement years to the best years of your life.

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Opt for Retired Life Income to meet Retirement Goals

You can choose for Retired Life Income, at inception or anytime during the Policy Term. You may decide to receive the RLI –

a) At any Policy Anniversary on either attaining Age 55 years or after 10th Policy Year, whichever is later

b) As percentage of your Fund Value ranging from 0 to 12% per annum, as chosen by you, payable yearly, half yearly, quarterly or monthly.

Retired Life Income till age 99 years with Return Enhancer

Each RLI installment will be hiked-up by 0.5% over and above the percentage chosen by you. The hike-up is given as an additional benefit to You.

Periodical Return Of Life Cover charges

The total amount of life cover charges, i.e., Mortality (life cover) charges deducted in the Policy, will be added back as Periodical Return of Mortality Charge or PROMC, to the Fund Value at regular intervals

Loyalty Additions

Loyalty Additions every year from 5th Policy Year till 25th Policy Year

Choice of 2 plan variants# : LongLife Goal without Waiver of Premium & LongLife Goal with Waiver of Premium

#Variant can only be chosen at inception. Once opted, the variant cannot be changed during the term of the Policy. Policy charges will depend upon the variant chosen.

Periodical Return of Waiver of Premium charges*

The total amount of Waiver of Premium charges deducted in the Policy, will be added back as Periodical Return of Waiver of Premium Charge or PROWC, to the Fund Value at regular intervals

*Depending on the variant chosen

Choice of fifteen (15) funds

Choose from a set of 15 Funds under the Investor Selectable Strategy

Option to Reduce Premium

You will have the option to reduce the prevailing Premium upto maximum 50% under the Policy after the first five (5) Policy years

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Choose The Plan Variant- LongLife Goal With Waiver Of Premium OR LongLife Goal Without Waiver Of Premium At Inception#

# Variant can only be chosen at inception. Once opted, the variant cannot be changed during the term of the Policy. Policy charges will depend upon the variant chosen.

Choose Your Premium Amount

Premiums Are Allocated To Your Funds@As Per Investment Portfolio Strategy Chosen By You

@Allocation Charge is NIL for online sales.

The Units Are Allocated At The Prevailing Unit Price Of The Fund. The Mortality Charge, Waiver Of Premium Charge And Policy Administration Charge Are Deducted Monthly Through Cancellation Of Units. Fund Management Charge Is Adjusted In The Unit Price.

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Entry Age

Parameter

Details

Minimum Entry Age

Life Assured

0 years

Policyholder (LongLife Goal with Waiver Of Premium)

18 years

Policyholder (LongLife Goal without Waiver Of Premium)

Maximum Entry Age

Life Assured

65 years

Policyholder (LongLife Goal with Waiver Of Premium)

Policyholder (LongLife Goal without Waiver Of Premium)

No limit

Maturity Age

Minimum & Maximum age of maturity 99 years

Policy Term

99 minus Age at Entry of Life Assured

Premium Payment Term (PPT)

10 to 25 years

Minimum Age at end of PPT

Life Assured

Policyholder

10 years

28 years

Maximum Age at end of PPT

Life Assured

Policyholder (LongLife Goal with Waiver of Premium)

Policyholder (LongLife Goal without Waiver of Premium)

75 years

No limit

Minimum Premium

Frequency

Premium (in ₹)

Yearly

₹ 25,000

Half-Yearly

₹ 12,500

Quarterly

₹ 6,250

Monthly

₹ 2,500

Quarterly & Monthly premium payment frequency will be available under auto-debit options as approved by RBI

Maximum Premium

No limit

As per maximum Sum Assured and Board Approved Underwriting Policy

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum & Maximum Sum Assured

Minimum Sum: 10 times Annualized Premium**
Maximum Sum Same as Minimum Sum Assured

Maximum Sum Assured in a policy will be as per the board approved underwriting policy (BAUP).

- Age calculated is age at the last birthday


- Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier


- Risk will commence immediately on date of commencement of Policy. In case of a minor life, the Policy will vest on the Life Assured on attainment of age 18 years and the life assured becomes the owner of the Policy. The original Policyholder ceases to be the owner of the Policy and the Waiver of Premium benefit cover will continue on his/her life.


- **Annualized Premium means the premium amount payable in a year excluding the taxes, rider premiums and underwriting extra premium on riders, if any

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Brochure

Download

Policy Document

Download

Product Presentation

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Maturity Benefit

Under Bajaj Allianz Life LongLife Goal, the Maturity Benefit will be the Fund Value as on the Maturity Date, provided the Policy is in-force.

Death Benefit

If all due Premiums are paid, then, in case of unfortunate death of the Life Assured during the Policy term, the Death Benefit payable will be:

  • - Prevailing  Sum Assured##
  • - Fund Value^
  • - Guaranteed Death Benefit

The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the Total Premiums1 paid, till the date of death. If settlement option has been opted for at maturity, then, during the settlement period, the death benefit shall be the Higher of (Guaranteed Death Benefit of 105% of the Total premiums1 paid or Regular Premium Fund Value 2).

All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office.

The policy will terminate on the date of intimation of death of the life assured.

Note:

  • - ##Prevailing Sum Assured is Sum Assured in any year after reduction of premium, if any

  • - %Sum Assured/Guaranteed Death Benefit - The benefit shall be reduced to the extent of the partial withdrawals (including Retired Life Income) made during the two year period immediately preceding the death of the Life Assured.

    • - ^Fund Value

  • - Fund Value is the Regular Premium Fund Value2, as defined below
  • - *Total premiums paid shall be sum of all regular/limited and Top-Up premiums paid till date.
  • - 2Regular Premium Fund Value is equal to the total Units in respect of limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and
  • - 1Total premiums paid shall be sum of all regular/limited premiums paid till date.

  • - Under LongLife Goal with Waiver of Premium, if Waiver of Premium has already been triggered under the Policy, then, the present value of future Waiver of Premium installments, discounted at 4% p.a. (from the date of death), shall be paid

How to exercise Retired Life Income (RLI)

You can choose for Retired Life Income, at inception or anytime during the Policy Term.

You may decide to receive the RLI –

  • - At any Policy Anniversary on either attaining Age 55 years or after 10 Policy Year, whichever is later

  • - As percentage of your Fund Value ranging from 0 to 12% per annum, as chosen by you, payable yearly, half yearly, quarterly or monthly

Note:

  • - RLI payout is through Systematic Partial Withdrawal

  • - The RLI percentage can be changed anytime during the Policy Term, even after start of RLI

  • - The RLI will be paid over the remaining Policy Term or till You terminate the option, subject to availability of fund

  • - The Fund Value after payment of instalment of RLI should not drop below 105% * Total Premiums paid till date. In case the amount available (Fund Value less 105% * Total Premiums paid till date) for RLI is not sufficient to meet the percentage chosen by You, an amount lower than the percentage chosen will be paid as RLI.

  • - The RLI installment will be paid by redeeming Units from the funds in the same proportion as the Fund Value in each Fund and will be redeemed at the Unit Price applicable on the date of each RLI instalment

  • - Each RLI installment will be hiked-up by 0.5% over and above the percentage chosen by You. The hike-up is given as an additional benefit to You. The hike-up is called the Return Enhancer

  • - All charges including mortality charges (as applicable in the Policy) shall be deducted during the period

  • - Partial withdrawals will be allowed anytime even during the RLI period

  • - You will have the option to exit out of the RLI option at any time, even if it is after the start of the RLI. Once exited You can opt for RLI option again anytime during the Policy Term

  • - Also, You will have the option to withdraw the Fund Value completely as Surrender Benefit, anytime even during RLI period.

  • - In case of your policy is converted to a paid-up policy, you will still be entitled for RLI benefit, subject to above terms & conditions

Partial withdrawal

You have the option to make partial withdrawals, any time after the fifth Policy Year, subject to the following conditions:

  • - The Fund Value should not fall below 105% of the prevailing Annualized Premium * Premium Payment Term (PPT), after a partial withdrawal.

  • - The minimum amount of partial withdrawal at any time is Rs.5,000.

  • - A partial withdrawal shall not be allowed if it will result in termination of the Policy.

  • - In case of minor Life Assured, partial withdrawal is allowed after attaining Age 18 years.

  • - Under Investor Selectable Portfolio Strategy, You will have the option to choose the fund You want to do partial withdrawals from. In the Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy withdrawal of units from each fund will be done in the same proportion as the value of the Units held in that Fund as on date of withdrawal. You will not have any choice to opt the fund from which the partial withdrawal of units is to be done

  • - The Company reserves the right at any time and from time to time to vary the minimum/maximum value of units to be withdrawn, maximum number of withdrawals allowed during a Policy Year, maximum amount of total withdrawal allowed during the Policy Term, minimum time gap to maintain between two withdrawals and/or the minimum balance of value of units to be maintained after such partial withdrawals, by giving a written notice of three months in advance, subject to prior approval from IRDAI.

Periodical Return of Life Cover Charges

The total amount of life cover charges, i.e., mortality (life cover) charges deducted in the Policy, will be added back as Periodical Return of Mortality Charge or PROMC, to the Fund Value at regular intervals, as mentioned below.

  • - First addition will be at the end of the Policy Year in which You attain Age 60 years or end of the 15 Policy Year, whichever is later

  • - After that, at end of each subsequent 10 Policy Year

  • - The last addition will be done on the Maturity Date

PROMC is not applicable in case of a Surrendered, Discontinued or Paid-up Policy and will be payable provided all due Regular Premiums under the Policy have been paid up to date.

 

Note:

  • - The amount of PROMC that will be added into the Fund at each interval of PROMC will be sum total of all the mortality charges deducted from, inception of the Policy or date of latest PROMC, whichever is later

  • - Amount of mortality charge will be allocated to the Fund(s) in the same proportion of Fund Value as on the date of addition.

  • - In case the premium(s) are un-paid and the Policy is revived during the Revival Period by paying all due premiums, the PROMC due-but-not-allotted will be added to the Fund as on the date of revival.

  • - PROMC will be excluding any extra mortality charge & or Goods & Service Tax/any other applicable tax levied on the mortality charge deducted, subject to changes in tax laws.

Waiver of Premium if LongLife Goal with Waiver of Premium, is opted

The Waiver of Premium Benefit is as mentioned below:

  • - If the Life Assured & Policyholder are the same, in case of Accidental Permanent Total Disability of the Life Assured during the Premium Payment Term, premiums for the rest of the Policy Term will be waived and the Policy will continue with all the benefits

  • - If the Life Assured & Policyholder are not the same, on earlier occurrence of Death or Accidental Permanent Total Disability of the Policyholder during the Premium Payment Term, premiums for the rest of the Policy Term will be waived and the Policy will continue with all the Benefits.

- Waiver of Premium is not applicable under LongLife Goal without Waiver of Premium variant.

Periodical Return of Waiver of Premium Charge (if LongLife Goal with Waiver of Premium, is opted)

The total amount of Waiver of Premium charges deducted in the Policy, will be added back as Periodical Return of Waiver of Premium Charge or PROWC, to the Fund Value at regular intervals as mentioned below.

 

  • - First addition will be at the end of the Policy Year in which Your (Life Assured’s) Age is 60 years or end of the 15th Policy Year, whichever is later

  • - After that, at end of each subsequent 10th Policy Year

The PROWC will be payable even after the WOP has been triggered in the Policy, to the extent of any unpaid PROWC. PROWC is not applicable in case of a Surrendered, Discontinued or Paid-up Policy and will be payable provided all due Regular Premiums under the Policy have been paid up to date.

Note:

  • - The amount of PROWC that will be added into the fund at each interval of PROWC will be sum total of all the mortality charges deducted from, inception of the Policy or date of latest PROWC, whichever is later

  • - Amount of WOP charge will be allocated to the fund(s) in the same proportion of the Fund Value as on the date of addition

  • - In case the premium(s) are un-paid and the Policy is revived during the revival period by paying all due premiums, the PROWC due-but-not-allotted will be added to the fund as on the date of revival

  • - PROWC will be excluding any extra mortality charge & or Goods & Service Tax/any other applicable tax levied on the mortality charge deducted, subject to changes in tax laws

Loyalty Additions (LA)

The Company shall allocate Loyalty Additions to the Fund Value as percentage of one Annualized Premium at the end of each Policy Year commencing from the end of 5th Policy Year, provided all due Regular Premiums have been paid up to date. The Loyalty Additions payable are as below:

Loyalty Additions (% of One Annualized Premium) 3

Year

Percentage

From the end of 5th year till end of 9th year

2% every year

From the end of 10th year till end of 14th year

4% every year

From the end of 15th year till end of 19th year

6% every year

From the end of 20th year till end of 25th year

7% every year

3Loyalty Addition is based on Prevailing Annualized Premium

Note:

  • - The amount of LA added into each Fund will be in the same proportion of the value of those Funds as at the date of addition.

  • - LA will not be paid for a surrendered, discontinued or Policy converted to paid-up Policy.

  • - In case the premium(s) are un-paid and the Policy is revived during the revival period by paying all due premiums, the Loyalty Additions due-but-not-allotted during the period the Policy was in Discontinuance will be added to the fund as on the date of revival.

Surrender Benefit

You have the option to surrender your Policy at any time.

  • - On surrender during the lock-in period of first five years of your Policy, the Fund Value, less the applicable discontinuance/surrender charge, as on the Date of Surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the Company), and risk cover under the Policy shall cease immediately.

  • - On surrender during the lock-in period, the option to revive the Policy will not be available to such a Discontinued Life Policy. The discontinuance value as at the end of the lock-in period will be available as surrender benefit

  • - On surrender after the lock-in period of first five years of your Policy, the surrender value available will be Fund Value, as on the date of surrender, and will be payable immediately.

  • - Under LongLife Goal with Waiver of Premium, if waiver of premium has already been triggered under the Policy, then, the present value of future waiver of premium installments, discounted at 4% p.a.(from the date of surrender), shall be paid

  • - The Policy shall thereafter terminate upon payment of the full Surrender Benefit by the Company.

    •  

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Retired Life Income till age 99 years

You can opt for systematic withdrawal of the funds once you reach the age of 55 years or the policy has completed 10 years, whichever is later. You can also choose the amount to be withdrawn every year i.e. between 0-12% of the fund value. The amount withdrawn can be paid monthly, quarterly, half-yearly or annually. Each installment is increased by 0.5% over and above the percentage chosen by you as an additional benefit which is called as Return Enhancer. Depending on the options you choose, you can start getting regular income, from the age of 55 years, which will allow you to live comfortably post your retirement.

Cover for whole life

Even though you pay a premium for a limited term. i.e. minimum of 10 years & maximum of 25 years, the policy covers your life till you reach the age of 99 years. Bajaj Allianz Life LongLife Goal ULIP provides whole life insurance cover which means that your family members will be able to achieve their life goals even if you are not around.

Periodical Return of life cover charges

The mortality (life cover) charges i.e. the charge deducted from the premium amount to provide life cover to the life assured - are returned periodically as PROMC. The PROMC is paid after the life assured attains 60 years of age or completed 15 policy years, whichever is later, and subsequently every 10th policy year from thereon and then at maturity. This significantly adds to your retirement corpus, enabling you to enjoy a fun-filled retired life.

Loyalty Additions

It pays to stay longer in the policy. From the end of 5th year till the 25th policy year, the plan gives a certain percentage of one annualized premium as loyalty additions every year. The loyalty additions start from 2% per year and can go as high as 7% per year.

Premium Waiver Option

This ULIP plan comes in two variants - LongLife Goal with waiver of premium option and LongLife Goal without waiver of premium.

Waiver of premium option : If the Life Assured and Policyholder are the same in case of Accidental Permanent Total Disability during the Premium Payment Term, all future premiums are waived off, and the policy continues with all the benefits.

If the Life Assured and Policyholder are not the same, in case of death or Accidental Permanent Total Disability of the Policyholder during the Premium Payment Term, all future premiums are waived off, and the policy continues with all benefits.

Waiver of Premium is not applicable under LongLife Goal without Waiver of Premium variant.

Periodical Return of Waiver of Premium charges

If you have opted for LongLife Goal with waiver of premium, the total amount of Waiver of Premium charges deducted in the Policy, will be added back as Periodical Return of Waiver of Premium Charge, to the Fund Value at regular intervals.

Option of four investment portfolio strategies

The fund offers four different investment strategies to choose from - Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy and Auto Transfer Portfolio Strategy. You can opt for one depending on your risk appetite.

Unlimited free switch option

For those opting for Investor Selectable Portfolio Strategy, this ULIP plan allows unlimited free switches between the fifteen fund options available.

Option of Partial Withdrawal

After the completion of 5th policy year the investor can partially withdraw a minimum of Rs. 5,000 any time during the policy years, Subject to fund value after withdrawal not falling below value equal to 105% * Annualized Premium * Premium Paying Term.

Tax Benefit

The policy offers tax benefit on premium paid, Maturity Benefit, Death Benefit, partial withdrawal, Retired Life Income may be eligible for tax benefits as per prevailing Income Tax Act subject to the provision stated therein.

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Unit linked Insurance plan are packed with the dual powers of Investment and Insurance. Your ulip offers market linked returns and life cover, Other charges applicable are mortality charges, fund management charges and policy admin charges.

Select a ULIP

Pay the premium

Applicable charges levied

Net investable premium

Your money is invested in fund choosen by you

Returns accured in the policy fund value

  • Total Survival & Maturity Benefit

  • Death Benefit

  • Investment Strategy

He has bought a Bajaj Allianz Life LongLife Goal ULIP plan (without Waiver of Premium variant) with the aim to accumulate funds for his retired life. He is confident that the plan will help him build a corpus for a comfortable and worry-free retirement. He is paying an annual premium of ₹ 1 lakh for a payment term of 20 years with a Sum Assured of ₹ 10 lakh. He has opted for Retired Life Income option at 8% of fund value and has chosen for the payout to be received annually. Let's see what the benefits available to Rahul under the Policy are :

Rahul, 35 years old

To achieve his Life Goal, Rahul invested ₹ 1,00,000 per year for 20 years

Payment Term: 20 years

 

On the maturity date, his maturity benefit, based on the assumed investment returns, are as per the table given below :

When Retired Life Income (RLI) is opted for :

 

At assumed investment return3

Total of Loyalty Additions (A)

Total of Periodical Return of Mortality Charge (B)

Total of RLI from age 55 years till age 99 years(Including Return Enhancer)

Maturity Benefit at 99 years (Fund Value including A & B)

of 8%

₹ 1,02,000

₹ 4,624

₹ 88,78,543

₹ 22,33,443

of 4%

₹ 1,02,000

₹ 5,348

₹ 26,86,891

₹ 21,50,739

 

When Retired Life Income (RLI) is not opted for :

At assumed investment return3

Total of Loyalty Additions (A)

Total of Periodical Return of Mortality Charge (B)

Total Maturity Benefit at 99 years (Fund Value including A & B)

of 8%

₹ 1,02,000

₹ 4,624

₹ 5,99,30,836

of 4%

₹ 1,02,000

₹ 5,348

₹ 73,78,409

3The above illustrations are considering investment is in the "Pure Stock Fund II and Goods & Service Tax of 18%"

The returns indicated at 4% and 8% are illustrative and not guaranteed, subject to Policy Terms & conditions and do not indicate the upper or lower limits of returns under the Policy.

He has bought a Bajaj Allianz Life LongLife Goal ULIP plan (without Waiver of Premium variant) with the aim to accumulate funds for his retired life. He is confident that the plan will help him build a corpus for a comfortable and worry-free retirement. He is paying an annual premium of ₹ 1 lakh for a payment term of 20 years with a Sum Assured of ₹ 10 lakh. He has opted for Retired Life Income option at 8% of fund value and has chosen for the payout to be received annually. Let's see what the benefits available to Rahul under the Policy are :

Rahul, 35 years old

In case of Rahul's unfortunate death at the of age 65 years, the death benefit, based on the assumed ULIP investment returns, are as per the table given below.

Payment Term: 20 years

When Retired Life Income (RLI) is opted :

At assumed investment return3

Total of Loyalty Additions (A)

Total of Periodical Return of Mortality Charge (B)

Total of RLI from age 55 years till age 65 years(Including Return Enhancer)

Death Benefit at age of 65 years (Including A & B)

of 8%

₹ 1,02,000

₹ 4,624

₹ 29,04,981

₹ 32,11,445

of 4%

₹ 1,02,000

₹ 5,348

₹ 9,53,134

₹ 21,50,739

 

When Retired Life Income (RLI) is not opted for :

At assumed investment return3

Total of Loyalty Additions (A)

Total of Periodical Return of Mortality Charge (B)

Death Benefit at age of 65 years (Including A & B)

of 8%

₹ 1,02,000

₹ 4,624

₹ 73,75,295

of 4%

₹ 1,02,000

₹ 5,348

₹ 32,76,166

The death benefit is subject to the guaranteed benefit, which is 105% of the total premiums paid, until the date of death.

3The above illustrations are considering investment is in the "Pure Stock Fund II and Goods & Service Tax of 18%"
The returns indicated at 4% and 8% are illustrative and not guaranteed, subject to Policy Terms & conditions and do not indicate the upper or lower limits of returns under the Policy.

Investor selectable portfolio strategy

Policyholder can allocate the premiums based on his/her personal choice among the 17 funds & to suit his/her investment needs. Please refer to Sales literature available on our website for more details.

Wheel of life portfolio strategy II

At different Life stages, everyone has different financial goals and therefore the investment strategy needs to be realigned to the same. This provides You with a "Years to maturity" based portfolio management. Once this portfolio is chosen, the premium paid and the fund value will be allocated in the funds mentioned (namely Equity Growth Fund II, Accelerator Mid-Cap Fund II, Bond Fund & Liquid Fund) in the proportion depending on the outstanding years to maturity. Please refer to Sales literature available on our website for more details.

Trigger based portfolio strategy

This portfolio strategy is helpful in securing the gains and maintaining the asset allocation. One can opt for this strategy at the commencement of the policy only. Premiums will be allocated in two funds Equity Growth Fund II (an equity oriented fund) & Bond Fund (a debt oriented fund) at 75:25 ratio and the same will be re-balanced/re-allocated based on a pre-defined trigger event. The trigger event is defined as 15% upward move-ment in NAV (unit price) of Equity Growth Fund II since the previous rebalancing or from the NAV (unit price) at the inception of the policy, whichever is later. On the occurrence of trigger event, the fund value in Equity Growth Fund II which is in excess of three times the fund in Bond Fund will be considered as gains and will be switched to Liquid Fund by redemption of units from Equity Growth Fund II. Please refer to the Sales literature available on our website for more details.

Auto transfer portfolio strategy

This portfolio strategy helps the policyholder to invest his/her money in a systematic manner over the years by automatically transferring it every month, from a low risk fund to fund (s) of his/her choice. The proportion to be switched will depend upon the number of outstanding months till the next premium due date. The strategy will not be available if the policyholder has opted for monthly mode. Please refer to the Sales literature available on our website for more details.

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

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 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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$Tax benefits are as per the prevailing Income Tax Laws subject to change from time to time. Please consult your tax consultant for eligibility.

*Retired 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.

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Sales: 1-800-209-4040 Service: 1-800-209-7272 (Toll free)

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

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Bajaj Allianz House, Airport Road, Yerwada,

Pune - 411006

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© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

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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