Claim Settlement Ratio of 99.23%~

Close Button Close Button
X
NRI Services Helpline

Calling FromPhone Number (Toll Free)
AUSTRALIA80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI8014605
INDONESIA0018030160202
JORDAN080023194
OMAN80074363
TURKEY00800142030059
VIETNAM1800400070
UNITED STATES18339680951
Calling us from INDIA18002097272
Rest of the World+912067871700
(Call charges apply)

Bajaj Allianz Life ACE Advantage

A Non linked, Participating, Life Insurance Savings Plan

Security: Life Cover to protect your family
Guarantee1: Get Guaranteed1 payout/s during the premium payment term
Flexibility: Plan your future goals with wide range of Policy term option
Tax Benefits*: Avail tax benefits* as per prevailing tax laws
Additional coverages: Choice of riders offering enhanced protection
calender_icon

Are you an NRI?

Select Country

Gender

Close Button
  • Overview

  • How this works

  • Eligibility

  • Downloads

  • Sample Illustration

  • Policy Benefits

Saving money is vital for your financial future as it helps meet financial obligations. It provides financial security and freedom, and also secures you in a financial emergency. A lumpsum corpus is always helpful in fulfilling various financial needs at different life stages.

Presenting Bajaj Allianz Life ACE Advantage, a non-linked, participating, individual life insurance, savings plan which protects you with a life cover, while creating a future corpus with an upsides through participation in bonuses.

Choose your policy term, premium payment term and premium amount

Choose your Premium Payment Term

Choose your Sum Assured multiple

Close Button

Entry Age

Plus Symbol

Minimum age is

0 year

Maximum age is

For PPT 5, 6 : 54 years

For PPT 8 & above : 60 years

Maturity Age

Plus Symbol

Minimum Age at Maturity is

18 years

Maximum Age at Maturity is

85 years

Policy Term

Plus Symbol

Limited Pay

PPT plus 5 to 30

Regular Pay

Equal to PPT

Premium Paying Term

Plus Symbol

Limited Pay

5, 6, 8, 9, 10, 12 years

Regular Pay

13 to 30 years

Annualised Premium

Plus Symbol

Minimum

Rs. 12,000

Maximum

No limit, subject to Board Approved Underwriting Policy

Sum Assured

Plus Symbol

Minimum

7 times of Annualised Premium

Maximum

10 times of Annualised Premium

Maximum Sum Assured will be subject to the prevailing Board approved underwriting guidelines

Guaranteed Maturity Benefit (GMB)

Minimum:

₹ 1,00,000

Maximum:

As per maximum premium

- All ages mentioned above are age as on last birthday. Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e.,18 years age last birthday).
- The female lives will get 1% higher GMB.
- The policyholder will have the option to select the Sum Assured multiple at inception of the policy.
- The product will be available for sale through online mode also.

Close Button

Brochure

Download

Policy Document

Download

Customer Information Sheet

Download
  • Maturity Benefit

He wants a savings plan, which will help him to accumulate a big corpus after 20 years for business expansion. He invests in Bajaj Allianz Life ACE Advantage by paying ₹ 1 lakh p.a. for 10 years

Amit, 40 years old

The Benefit based on the assumed investment return, are given in below table :Girl in a jacket

 

At assumed investment return @4% 

At assumed investment return @8% 

GuaranteedPayouts

₹ 2,04,500

Guaranteed1 Maturity Benefit

₹ 9,70,150

Accrued Reversionary Bonus

₹ 97,015

₹ 3,88,060

Terminal Bonus

0

₹ 7,21,792

Maturity benefit

₹ 10,67,165

₹ 20,37,315

Total Premiums Paid

₹ 10,00,000

Total Benefit Received

₹12,71,665

₹ 22,41,815

Note:

The above illustration is assuming the Life Assured is alive till the end of the policy term.

The Sum Assured on Death at inception of the policy is Rs. 10,00,000

The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

1Conditions apply. The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales brochure (Also available on www.bajajallianzlife.com).

The 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

Serial Number-1

Maturity Benefit

On maturity, you will receive a lumpsum amount equal to:

  • Guaranteed1Maturity Benefit plus,

  • Accrued Simple Reversionary Bonus (if declared),

  • plus Terminal Bonus (if declared)

Please note:

Annualized Premium shall be the premium amount payable in a year by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Total Premiums Paid (the sum of all premiums under the policy) is total of all the premiums received, excluding any extra premium, any rider premium and taxes. GST & cess (if any) will be collected over and above the premium under the policy

Guaranteed Death Benefit shall be 105% of the Total Premiums Paid

Guaranteed Maturity Benefit will be GMB factor multiplied by Annualised premium

1Conditions apply. The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales brochure (Also available on www.bajajallianzlife.com).

Bonuses are not guaranteed and it depends on the Company's Performance.

Serial Number-2

Death Benefit

In case of death of the Life Assured during the policy term, the death benefit will be paid in lumpsum as:

  • Sum Assured on Death, plus

  • Accrued simple reversionary bonus (if declared), plus

  • Terminal Bonus (if declared)

Where Sum assured on death is the Sum Assured. The Death Benefit will not be less than the Guaranteed1 Death Benefit or the surrender value available then, whichever is higher.

Please note:

Annualized Premium shall be the premium amount payable in a year by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Total Premiums Paid (the sum of all premiums under the policy) is total of all the premiums received, excluding any extra premium, any rider premium and taxes. GST & cess (if any) will be collected over and above the premium under the policy

Guaranteed Death Benefit shall be 105% of the Total Premiums Paid

Guaranteed Maturity Benefit will be GMB factor multiplied by Annualised premium

1Conditions apply. The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales brochure (Also available on www.bajajallianzlife.com).

Bonuses are not guaranteed and it depends on the Company's Performance.

Close Button

Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,20,994 Cr
Assets Under Management (AUM)**
3.97 Cr
Number of Lives Covered#
432%
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 & Group.

dot-image
Need Assistance

For all your needs, we're here with expert assistance

576~~ Branches
PAN India Service
1,60,013 ~~
Insurance Consultants
Have Us Call You
I agree and consent to the Terms & Conditions and the Privacy Policy

Customer Reviews

Customer Rating
4.3
4.3
Reviews by 3124 customers
Rate & Review

(Rate your experience on the website)

Please select the rating to proceed

Tell us how was your experience ?

1. Easily found what I needed

2. Information provided are clear and easy to understand

3. Look and feel of the website is attractive

4. Easy to download all relevant documents

5. User friendly website

6. Write Your Review

500 characters remaining
I agree and consent to the Terms & Conditions, Privacy Policy

Customer Speaks

Happy with the services
I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
Rashmi Bhavnani
5
Satisfied, Trust
I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5

Life Insurance Guide

  • Articles
  • Calculators

  • Podcasts
  • Videos
Close Button
Call to Buy Symbol

Call to Buy

X
Terms & Conditions

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

 

Please refer to BALIC Privacy Policy

X
Terms & Conditions

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

 

Please refer to BALIC Privacy Policy

Disclaimers:
Plus Symbol
Minus Symbol

Bajaj Allianz Life ACE Advantage (UIN : 116N189V02)

*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

~~All figures as on 31 January 2025

1Conditions apply. The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales brochure (Also available on www.bajajallianzlife.com).

X
Terms & Conditions

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

 

Please refer to BALIC Privacy Policy

close
Ask for an Agent
Sign up for personal visit and tailored advice from our expert agents