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SISO Corner

The SISO approach allows investors to invest in market linked ULIPs (Unit-Linked Insurance Plans) as well as in Traditional Par and Non-Par policies, systematically – and receive their returns systematically.

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What is SISO?

SISO stands for Systematic In, Systematic Out. SISO is a monthly mode investment strategy offered by Bajaj Allianz Life Insurance that allows you to invest a fixed amount regularly and receive regular payouts.

The SISO approach allows investors to invest in market linked ULIPs (Unit-Linked Insurance Plans) as well as in Traditional Par and Non-Par policies, systematically – and receive their returns systematically. Customers can invest with smaller amount per month with auto-pay option and receive their returns also, in a monthly mode over multiple years, thus creating wealth even during the time of withdrawal of money.

Bajaj Allianz Life Insurance offers a wide range of investment plans that incorporate the SISO strategy, offering customers plans wherein they can:

  • Invest in market linked return plans (ULIPs)1 – which also additionally provide loyalty additions and return of charges such as mortality, premium etc.
  • Invest in saving plans with guaranteed2 returns and attractive bonus3 (if declared) or loyalty benefits
  • Invest in Pure Risk cover – Term Insurance: With option to get back entire premium (Return of Premium)

Sample Illustration

Let us understand SISO with an example of Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan

Mrs. Sarita Patil, aged 30 years, plan to save for her child higher education which is expected in the next 15 years.


  • Monthly Premium - ₹20,000
  • Premium Payment Term - 10 years
  • Policy Term - 20 years^
  • Total premium - ₹24,00,000.
  • After 15 years, she has chosen to withdraw the invested funds both as a lump-sum amount, and withdraw money every month systematically from 16th year onwards, for next 5 years.

  • While she withdraws money month-wise, the remaining money continues to grow with the fund where it is invested.

Mrs. Sarita can withdraw

  • ~₹ 22,000 Monthly from 16th year onwards, for next 5 years,
    Total Amount withdrawn every month from 16th year-20th year (@8% returns) - ₹ 13,46,088

  • Total Lump-sum Amount withdrawn at the end of 20th Year (@8% returns) - ₹ 46,13,273
  • Other benefits (Loyalty Additions, Maturity Boosters, etc.): ₹ 2,44,395
  • Total Benefits availed during 20 years of Policy tenure (@8% returns) - ₹ 62,03,756

₹62,06,756

₹34,71,019

Maturity Benefit (in ₹)

Thus, by investing a fixed amount regularly, you can receive payouts, providing a disciplined approach to savings and investments. SISO helps bring that discipline and avoids timing the market.

Year No of Months Invested Money Invested / month Total Invested in this year Money Withdrawn per month Total Money withdrawn this year Fund value at year end @ 8% (Annualized) Remarks
1 12 20,000 2,40,000 - - 2,53,507 Investing
2 12 20,000 2,40,000 - - 4,81,961 Investing
3 12 20,000 2,40,000 - - 7,46,310 Investing
4 12 20,000 2,40,000 - - 10,27,572 Investing
5 12 20,000 2,40,000 - - 13,26,833 Investing
6 12 20,000 2,40,000 - - 16,51,120 Investing
7 12 20,000 2,40,000 - - 19,96,204 Investing
8 12 20,000 2,40,000 - - 23,63,457 Investing
9 12 20,000 2,40,000 - - 27,54,121 Investing
10 12 20,000 2,40,000 - - 31,87,435 Investing
11 - - - - - 34,02,473 Compounding
12 - - - - - 36,33,238 Compounding
13 - - - - - 38,80,332 Compounding
14 - - - - - 41,44,644 Compounding
15 - - - - - 44,27,376 Compounding
16 - - - 22,153 2,65,602 44,56,661 Monthly Payout
17 - - - 22,280 2,67,360 44,87,026 Monthly Payout
18 - - - 22,431 2,69,183 45,17,909 Monthly Payout
19 - - - 22,586 2,71,037 45,49,043 Monthly Payout
20 - - - 22,742 2,72,906 46,13,273 Monthly Payout

Other details chosen in below policy:

Input Fields Details Input Fields Details Input Fields Details
Age 30 Gender Female Payout Mode Monthly
AutoPay Benefit Yes Family Benefit No Payout Start Year 16
Fund Selected Equity Growth Fund II Fund Allocation 100% Yearly Income 6%
Policy Term (Years) 20 Premium Payment Term (Years) 10
Premium Payment Mode Monthly Systematic Partial Withdrawal Option Regular Payout

4The 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.

Key Benefits of SISO

Note: You can click on each box to know more details.

Disciplined Monthly Investments›
Averaging of Purchase Costs5›
Averaging of Redemption Prices5›
Increased Time in the Market5›
Extended Tax Benefits›
Free Fund Switch option under ULIP Plans with SISO›
Optimal Money Management with Life Cover›
Additional Perks as Loyalty, Maturity Benefits, Return of Mortality Charges (ROMC8)›
Guaranteed2 Returns in traditional policies›
Disciplined Monthly Investments
The systematic approach requires you to pay your policy premiums in monthly mode. The monthly investment mode provides affordability and flexibility, allowing you to spread the cost over time and potentially fit it into your monthly budget easily. This pays off in the long run, because you get to enjoy the benefits of compounding as well as benefit of averaging out your investments.
Averaging of Purchase Costs$
It has been observed that attempting to time the market can often lead to missed opportunities and suboptimal outcomes. Staying invested with a long-term perspective tends to yield better results. It’s the time in the market and the discipline to continue investing, that enables wealth creation, in the long run. Additionally, if you make a one-time investment, you run the risk of making your investments at high price. The markets may dip after you invest, and that means you would have bought your units during a market high. SISO way of investing helps average your purchase price. Here’s an illustration that shows how. While the customer bought at different price points of 97.00 to 103.00, the average cost is only 99.22. As shown in the below table, systematic investing has brought down the overall purchase price. It is how SISO helps even investors with limited market knowledge to optimise their purchase costs without timing the market.

SISO way of investing helps average your purchase price.

Here’s an illustration that shows how. While the customer bought at different price points of 97.00 to 103.00, the average cost is only 99.22. As shown in the below table, systematic investing has brought down the overall purchase price. It is how SISO helps even investors with limited market knowledge to optimise their purchase costs without timing the market.
Month Premium Amount NAV (Net Asset Value)^ No. of Units Purchased
1 ₹10,000 99.00 101.01
2 ₹10,000 98.00 102.04
3 ₹10,000 101.00 99.01
4 ₹10,000 103.00 97.09
5 ₹10,000 101.00 99.01
6 ₹10,000 98.00 102.04
7 ₹10,000 97.00 103.09
8 ₹10,000 98.00 102.04
9 ₹10,000 98.00 102.04
Average ₹10,000 99.22 100.82

^NAV – Net Asset Value, which represents per unit price of a fund offered in ULIP product of the insurance company

Averaging of Redemption Prices$
Just like the purchase costs, the redemption prices are averaged out with the SISO approach. This means that if the markets perform well during the redemption phase, you may benefit from the market movements because your average redemption price also goes up. Systematic withdrawal encourages a disciplined approach to withdrawing funds, preventing impulsive decisions based on market fluctuations. It allow you to receive a fixed amount regularly, providing a steady income stream without needing to sell a large portion of your investment all at once.

During market downturns, investors may be tempted to sell their investments to avoid losses. SISO approach helps prevent this by automatically withdrawing a fixed amount, allowing the remaining investment to potentially recover during market upturns. In addition, by withdrawing a fixed amount, you can avoid locking in losses during a market crash and allow your remaining investment to benefit from potential future gains.

During the COVID-19 pandemic, market volatility led to significant fluctuations in redemption prices across equity and debt funds. During the COVID 19 market crash in March 2020, global equity markets—including India’s—suffered severe downturns. The Sensex fell over 13% in a single day on March 23, 2020~~~. As a result, many investors who had invested money into mutual funds during the bull run were forced to exit at depressed NAVs. For instance, consider an investor who had invested ₹20 lakh through a lump sum or systematic investments before the crash. By March 2020, with NAVs down ~35–40%, the fund’s value might have shrunk to around ₹12.5 lakh. Forced by urgent financial needs, the investor redeems ₹12.5 lakh—locking in their losses—just as the market was hitting bottom.

This situation clearly illustrates how redemption during market lows can drastically reduce returns. Had the withdrawal been postponed, even by a few months—the investor could have benefited from the swift recovery that followed.

With solutions like SISO, investors can spread their investments across market cycles, reducing timing risk and offering better potential for growth—even during uncertain times. By continuing investments or by staggering redemptions during market falls, SISO helps investors avoid being locked into losses and ensures more stable, long-term wealth accumulation—even during turbulent times. SISO offers flexibility in terms of withdrawal frequency and amount, allowing you to tailor your withdrawals to your specific needs and Life Goals.  It helps you maintain a long-term investment horizon, allowing your investments to grow over time,.
Increased Time in the Market$
It is an open secret that time in the market is more important than timing the market. By choosing to withdraw your payouts systematically at maturity of the policy, your remaining fund value continues to be invested in the funds of your choice, thereby earning you returns even as you reap the rewards periodically.
Extended Tax Benefits
The premium you pay for your ULIP policy is eligible for tax deductions u/s 80C of the Income Tax Act, 1961## (subject to provisions stated therein). Each year, you can claim a maximum of Rs. 1,50,000 as a deduction. Many savings plans also offer tax-free maturity benefits. For instance, for policies issued on or after 1st February 2021, the maturity benefit will be tax-free under Section 10(10D) if the aggregate annual premium paid for all ULIPs is up to Rs.2.5 lakhs.

SISO in Term policy - In Term policies with the Return of Premium (ROP) variant, the returned premium is tax-free. Customers have the option to receive maturity benefits either as a lump-sum payout or in easy instalments.

SISO in Savings/ Endowment products – maturity benefits are tax free .You can avail tax exemption under Section 10(10D) for all traditional savings, non-ULIP policies, provided the aggregate premium of all policies during a year of its tenure is less than Rs. 5 lakh.
Free Fund Switch option under ULIP Plans with SISO
There is free fund switch option in ULIP SISO plans. Fund switching in a ULIP plan allows policyholders to move their investments from one fund to another within the same ULIP plan. This flexibility enables investors to adjust their portfolios based on changing market conditions, risk tolerance, or financial goals. Fund switching is a feature offered in SISO option under ULIP plans that lets you transfer your invested funds from one fund option (e.g., an equity fund) to another (e.g., a debt fund). This will help you to adjust to market volatility by shifting to more conservative funds when the market is uncertain, or to higher-risk funds when you anticipate growth. As your risk tolerance or financial goals change, you can adjust your portfolio accordingly. For instance, you might switch to less risky funds as you approach retirement.

Let us understand this with an example. Say, a customer invests in a ULIP policy and puts his money in 1 fund – Large Cap Fund. In future, he/she sees more gains in Mid Cap fund. In a mutual fund, he would have to see Large Cap investment, incur exit load and tag on gain, then invest in Mid Cap.

With the Fund Switch option in ULIPs with SISO option embedded, in the customer app, users can easily move their investments—like switching from a Large Cap to a Mid Cap fund—in just a few clicks. There are no exit or entry charges, and no tax on gains from the previous fund. Bajaj Allianz Life Insurance offers access to 18+ funds, including Large Cap, Flexi Cap, Mid Cap, Debt, and Index funds, allowing customers to manage their money effortlessly, anytime, anywhere.
Optimal Money Management with Life Cover
SISO embedded policies come with a Life Cover to secure the future of your loved ones. Life cover option is available in both ULIP and traditional plans offered by Bajaj Allianz Life Insurance under SISO strategy of investment
Additional Perks as Loyalty, Maturity Benefits, Return of Mortality Charges (ROMC~)
SISO embedded ULIP Policies (like Bajaj Allianz Life Magnum Fortune Plus III) offer Loyalty Additions, at the end of every year starting from the 10th policy year. Maturity Benefit will be payable on the survival of the life assured to the maturity date, provided the policy is in force. This plan has option to take death & maturity benefit in instalments (Settlement Option). Depending on plans, you have an option to get back all charges levied for insurance cover, like Return of Mortality Charges (ROMC)8. At the end of the policy term, on the date of maturity, the total amount of mortality charge deducted throughout the policy term w.r.t. regular premium and top-up premium, if any, will be added back, respectively, into the Regular Premium Fund Value and into the Top up Fund Value, as applicable. This helps you to get more value for your investments & realize your life goals.

No ROMC8 will be available in a surrendered policy, a discontinued policy or a policy converted to paid-up.
Guaranteed2 Returns in traditional policies
The SISO approach is not just suitable for ULIPs. It also works in case of other investment plans offered by Bajaj Allianz Life, like guaranteed2 income saving plans and annuity-based retirement solutions. All you may consider doing is selecting the suitable plan and choosing the SISO investment option. You can enjoy Systematic Guaranteed* returns and meet your life goals with added perks of guaranteed2 income and bonuses$$$ from Bajaj Allianz Life Insurance. For E.g., Our Product of the Year 2024, Bajaj Allianz Life ACE - A Non linked, Participating, Individual Life Insurance Savings Plan, offers lucrative options, wherein the customer can choose to receive income from first month or after a fixed period. You can decide your income (fixed or increasing) amount based on your need and life goals. You can also avail cash bonuses along with guaranteed2 income.

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SISO vs Mutual Fund SIP

SISO embedded life insurance products offers a wide range of benefits. In addition to life insurance cover, it also offers tax savings under Section 10(10D)7, guaranteed2 returns in traditional saving plans like ACE, free fund switch, loyalty additions/fund boosters and many more benefits.

Advantages of SISO over Mutual Fund SIP:

Parameter SISO Mutual Fund SIP
Life Insurance Cover on investment (applicable on both ULIP & traditional SISO plans)
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Section 80C Tax Benefit1
(Avail tax deduction under Section 80C, applicable under old tax regime, for up to ₹ 1.5 lakh per financial year) (applicable on both ULIP & traditional SISO plans)
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(for ELSS)
Section 10(10D) Tax Benefit7
Maturity benefit will be tax-free under Section 10(10D) if the aggregate annual premium paid for all ULIPs is up to Rs 2.5 lakhs (applicable on ULIP SISO plans)
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Return of Mortality Charges (ROMC)8
Feature offered by certain ULIP plans with SISO option that allows you to get back the mortality charges you have paid throughout the policy term on survival at maturity.
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Fund Switch (Tax Free)
Fund switching in ULIP allows policyholders to move their investments from one fund to another within the same ULIP plan. This feature allows switching between equity, debt and balanced funds. (applicable on ULIP SISO plans)
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(Multiple fund switching allowed in ULIP SISO products, across multiple funds)
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Loyalty additions/ Fund boosters
Loyalty additions are added to the policy and payable along with the maturity benefit this benefit is specifically for those policyholders who stay invested in the policy for long term.
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SISO way of saving vs Mutual Fund

Feature SISO (Systematic In Systematic Out) Mutual Fund SIP
Investment Type Insurance with investment (ULIPs, endowment, guaranteed savings plans) Pure investment in mutual funds
Systematic Investment Through regular premium payments in monthly mode Through regular SIP contributions
Systematic Withdrawal Provides periodic payouts depending on traditional or ULIP plans (post lock-in period of 5 years in ULIPs).

SISO savings product (like Bajaj Allianz Life ACE) allows you to choose your income amount, income start year, income period and income preference (level or increasing or both). Customers can also choose to receive income from first month itself or after a fixed period. 		Can withdraw systematically using Systematic Withdrawal Plan (SWP). For ELSS, users can withdraw only post lock-in period of 3 years.
Returns Expectation Guaranteed² returns for traditional/savings/endowment plans with an insurance cover. For ULIPs, similar returns as benchmark Mutual fund.

In addition, many plans with SISO option offer attractive benefits on loyalty and maturity along with Bonus³ (if declared) for traditional policies. 		Market-linked returns, can be higher or lower depending on fund performance
Tax Benefits SISO Policy Premiums are eligible for tax deductions under Section 80C (up to ₹1.5 lakh per year). For policies issued on or after 1st February 2021, the maturity benefit will have Zero LTCG Tax* under Section 10(10D) if the aggregate annual premium paid for all ULIPs is up to Rs.2.5 lakhs.

Note: Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will now be subject to long-term capital gains (LTCG) tax at a rate of 12.5%, effective from April 1, 2026.
Only ELSS funds (with a lock-in of 3 years) qualify for Section 80C benefits (up to ₹1.5 lakh per year). Capital gains tax: 12.5% on Long Term Capital Gains (LTCG) in equity funds above ₹1.25 lakh (holding period is 1 year & above); 20% on Short-term capital gains (STCG) from equity funds (holding period less than 1 year), effective from 23 July 2024.
Life Insurance Coverage Life insurance is included along with investment. Purely an investment product with no insurance cover.
Fund Switching This flexibility enables investors to adjust their portfolios based on changing market conditions, risk tolerance, or financial goals.

Available in ULIP plans with SISO benefits, allows switching between equity, debt and balanced funds. Fund switching is tax-free for ULIP with SISO option. 		There is no concept of switching in mutual funds. If you want to change funds, you will have to sell or redeem the existing fund and then invest in another fund. This might attract applicable tax implications on the profits made from redeeming a fund.
Liquidity ULIPs allow partial withdrawals after lock-in period, which help you draw from the fund value for your financial needs. Such withdrawals are tax-free. Higher withdrawal option for Mutual funds, can redeem anytime (subject to exit load & capital gains tax). ELSS funds have a lock-in period of 3 years.
Lock-in Period ULIPs have a 5-year lock-in period. ELSS mutual funds have a 3-year lock-in. Other mutual funds have no mandatory lock-in but may have exit loads.
Charges & Fees ULIPs have charges like premium allocation, mortality, and fund management fees. However, many plans with SISO option (not limited to SISO plans) may have Return of Mortality Charges (ROMC)8 at Maturity, and additional benefits like Loyalty Additions along with Fund boosters. Mutual funds have expense ratios (typically 0.5%-2%) but no insurance-related charges. There are no special perks like fund boosters/loyalty additions.
Goal Suitability / Who Should Invest? Ideal for long-term financial planning with insurance benefits - Suited for retirement, child education, wealth creation, or other life goals.

Ideal for investors looking for both insurance and investment benefits - Those who prefer a structured pay-out plan. 		Investors looking for market-linked returns and flexibility - Those comfortable managing investments independently.
Loyalty Additions/ Fund Boosters Under some ULIPs, there might be additional returns in the form of loyalty additions, wealth boosters or fund boosters. These additional benefits are declared at a fixed rate and help enhance the fund value.

The returns from ULIPs depend on the market performance of the underlying fund. For savings/traditional plans, there may be additional returns in the form of special bonus³/reversionary bonus³ (if declared) depending on the underlying product selected by the policyholder. 		Mutual funds do not have any loyalty additions or fund boosters. The returns depend solely on the market performance.

See how SISO helped others!

Best Decision
I am happy to take my final decision to invest in Bajaj Allianz Life SISO after understanding the benefits SISO has over Mutual Funds. Thanks Sales Team of BALIC to help me in the journey to take the best decision
Uma Ravat
Uma Ravat
5
Flexibility, Hassle free
I have been investing through a Systematic In Systematic Out Investment Plan (SISO) from last few years and my experience so far has been very positive. SISO has helped me develop a disciplined approach to investing and made it easier to save regularly without feeling the burden of a lump-sum investment and it give me life security also with death benefit. I appreciate the flexibility and its reassuring to know that my money is being systematically invested, helping me benefit from rupee cost averaging and the power of compounding over time. The process was simple to set up, and I receive regular updates and statements in life assist app, which is very user friendly for me, which helps me track the performance of my investments. I feel more confident about achieving my long-term financial goals with SISO .Overall; I would definitely recommend SISO to anyone looking for a smart, hassle-free way to investment in Bajaj Allianz Life. Thank you Bajaj Allianz Life for introducing SISO for us
Vimmi Mahajan
Vimmi Mahajan
5
Impressive
I've been investing in mutual funds, but after discovering Bajaj Allianz Life's Magnum Fortune Plus, I've switched to a monthly Systematic Investment Plan through Regular monthly plan in Bajaj Allianz Life (SISO). The returns and peace of mind it offers have been impressive. Encouraged by the growth, I've also purchased a 1 crore term plan from Bajaj Allianz Life, giving me added security and confidence in my financial planning.
Urvish Jain
Urvish Jain
5
Priorities customer needs
Bajaj Allianz Life's SISO initiative is commendable. Products priorities customer needs, benefits advisors to scale up and the company alike. SISO effectively combines investment and insurance, ideally suiting young clients while it also offers tax-efficient maturity benefits to clients. Key features include low cost, comprehensive protection, and tax-efficient returns
Deepak S
Deepak S
5
Peace of mind
I am a proud SISO customer with Bajaj Allianz Life and invested in this plan for my daughter’s future education. What makes this policy truly stand out is the combination of disciplined monthly investment (like a SIP), life insurance cover, and long-term equity-linked growth. The 5-year lock-in period is a great feature. It helps me stay invested for the long run and builds the right investment habit. Another big advantage is that the maturity proceeds are tax-free, which makes the returns even more rewarding. It’s a holistic solution that gives me peace of mind for my child’s future.
Nikhil Chheda
Nikhil Chheda
5
Steady Monthly Income
I found the SISO option in Bajaj Allianz Life ACE really helpful, it gives me a steady monthly income, which I can either reinvest or set aside based on what I need. What I also liked is that it comes with a life cover, giving me that extra peace of mind.
Balkrishna Sakharam Gajbhiye
Balkrishna Sakharam Gajbhiye
5
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Disclaimers:
Plus Symbol
Minus Symbol

1The 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.

²The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

³Past performance of the Company doesn't construe any indication of future bonuses

⁴The returns indicated at 4% and at 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the Policy.

⁵Applicable only for SISO plans under ULIP

⁶Source: March 13, 2020 - 5 past instances when Sensex has seen bigger falls than today’s intraday slide | The Economic Times.

⁷Tax 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.

⁸Return of Mortality Charges (RoMC) returns the entire life cover charges deducted throughout the policy term at the time of maturity. It is added back to the fund value and top-up premium fund value, if applicable. All you have to do is pay your premiums on time and stay invested till the end of the policy since RoMC is not applicable in case of surrendered, discontinued or paid-up policy.

⁹Subject 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.

Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Magnum Fortune Plus III are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. Unlike traditional products, Bajaj Allianz Life Magnum Fortune Plus III is a Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. 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.

Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg.No.: 116 | CIN : U66010PN2001PLC015959 | Mail us : customercare@bajajallianz.co.in | Call on : Toll free no. 1800 209 7272 | Fax No: 02066026789 | Bajaj Allianz Life Magnum Fortune Plus III is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), 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. All charges/ taxes, as applicable, will be borne by the Policyholder.

Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life ACE are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or 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. Bajaj Allianz Life ACE - A Non linked, Participating, Individual Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, IRDAI Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us : customercare@bajajallianz.co.in, Bajaj Allianz Life ACE (UIN:116N186V03). 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. All charges/ taxes, as applicable, will be borne by the Policyholder.

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

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.

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.

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.

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.

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

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

29Available with Bajaj Allianz Life New Critical Illness Benefit Rider - Comprehensive option (UIN: 116B058V01) - A Non-Linked, Non-Participating, Individual, Pure Risk Health Rider.

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

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%.

4Above illustration is for Bajaj Allianz Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V05) 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. 6,214. 2nd Year onwards premium is Rs. 6,736. Total Premium is Rs. 2,01,558 | 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.

20Depending on the variant chosen

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Yerwada, Pune, Maharashtra - 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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