Endowment:

Bajaj Allianz Life POS Goal Suraksha

Bajaj Allianz Life POS Goal Suraksha is a Non-linked, life, individual, non-participating, limited premium payment, non-medical, POS endowment savings plan.

Bajaj Allianz Life Income Assure

Bajaj Allianz Life Income Assure is a non-linked, participating, life, individual, limited premium payment, monthly income endowment savings plan

Bajaj Allianz Lifelong Assure plan

Bajaj Allianz Lifelong Assure is a non-linked, participating, life, individual limited premium whole of life endowment savings plan.

Bajaj Allianz Life Guaranteed Income Goal

Bajaj Allianz Life Guaranteed Income Goal is a non-linked, non-participating, life, individual, savings, regular & limited premium payment endowment plan.

Endowment:

Plan Name – Bajaj Allianz Life POS Goal Suraksha (UIN: 116N155V11)

Bajaj Allianz Life POS Goal Suraksha is A Non-Participating Non-linked Individual Life Insurance Savings Plan

Key Features:

Guaranteed1 Maturity Benefit

Offers Guaranteed1 Additions at Maturity

Limited Premium Payment Term

Option to take policy loan


1Conditions 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 (also available on the Website of Bajaj Allianz Life insurance company Ltd.)

Maturity Benefit:

On the maturity date, if all premiums are paid, the Guaranteed Sum Assured on Maturity# plus Guaranteed Additions, under your policy, will be paid and the policy will terminate.

Death Benefit

In case of unfortunate death of the Life Assured due to accident during the waiting period$ or in case of death of the Life Assured after the waiting period$ due to any cause, the death benefit is payable to the nominee(s)/beneficiaries. Such death benefit is stated as Sum Assured on Death# which is as below.
The Sum Assured on Death is the higher of:
(i) 10 times of Annualized Premium*, (ii) 105% of Total Premiums** paid as on date of death, (iii) Sum Assured#
In case of death of the Life Assured during the Waiting period$ other than due to an accident, the death benefit payable to the nominee(s)/beneficiaries will be the 100% of Total Premiums** paid till date, excluding any extra premium & Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.
The policy will terminate on payment of the death benefit. The death benefit is payable provided the policy is in-force and all due premiums have been paid.


* Annualized Premium is exclusive of extra premium, loadings for modal premiums and Goods &Service Tax/any other applicable tax levied, subject to changes in tax laws, if any.
**Total Premiums paid is equal to (Annualized Premium * number of years for which premiums have been paid). Total premium is exclusive of rider premium, extra premium and GST & cess, if any. Please note that GST & cess will be collected over and above the premium under the policy.
#Guaranteed Sum Assured on Maturity and Sum Assured is 10 times the Annualized Premium
$Waiting period is the first 90 days from the date of commencement of risk. Waiting period is not applicable in case of revival.

Eligibility Criteria

Parameter Details
Minimum Entry Age 0 years
(On attaining the age at majority, i.e. 18 years, the Policy will vest on Life Assured)
Maximum Entry Age 55 years
Minimum Age at Maturity 18 years
Maximum Age at Maturity 65 years
Policy Term (PT) &
Premium Payment Term
(PPT)
PT (in year) 10 12 15 20
PPT (in year) 7 6,7,8 5,6,7,8,10 & 12
Minimum Premium Mode Yearly Half-Yearly Quarterly* Monthly*
Premium(Rs.) 3,000 2,100 1,250 450
Maximun Premium As per Maximum Sum Assured
Minimum Sum Assured Rs.30,000
Maximum Sum Assured Rs.25,00,000
Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly
*Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

All ages mentioned above are age as on last birthday.

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.

Risk cover, even for minor life, will commence immediately on the date of commencement of risk of the policy

Bajaj Allianz Life Insurance Co. Ltd.

BEWARE OF SPURIOUS PHONE CALLS AND FICTICIOUS / FRAUDULENT OFFER – IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life POS Goal Suraksha is the name of the company and 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 brochures & policy document (available on www.bajajallianzlife.com) carefully before conducting a sale. Bajaj Allianz Life POS Goal Suraksha – (A NonParticipating Non-linked Individual Life Insurance Savings Plan) ). 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 | Bajaj Allianz Life POS Goal Suraksha (UIN:116N155V11). The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use it “Allianz” Logo. All charges/taxes, as applicable, will be borne by the Policyholder.

Jana Small Finance Bank is a Corporate Agent for Bajaj Allianz Life Insurance Company Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0606. This plan is offered and underwritten by Bajaj Allianz Life Insurance Company Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.


Plan Name – Bajaj Allianz Life Income Assure (UIN: 116N139V02)

Bajaj Allianz Life Income Assure is a non-linked, participating, life, individual, limited premium payment, monthly income endowment savings plan.

Key Advantage are as below:

Guaranteed* Monthly Income for 144 months in case of Income variant.

Lump-sum maturity benefit in addition to 144 months of monthly income pay-out, depending on the variant chosen

Flexibility of limited premium paying term for customers

Lower premium rates for female lives

* Conditions Apply. The guaranteed benefits are dependent on the policy terms, premium payment terms availed along with other variable factors. For details please refer to sales brochure (also available on the Website of Bajaj Allianz Life).

Eligibility Criteria

  • Min Age entry – 0 years
    (Risk cover will commence immediately on 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) or on maturity date).
  • Max Age Entry – 50 years
  • Minimum Age of Maturity – 18 Years
  • Maximum Age of Entry – 74 years
  • Premium paying term – 5, 7, 10 & 12 years
  • Policy Term – 17, 19 , 22 & 24 years
  • Minimum premium
Variants Premium (in Rs.)
Income 21,965 per annum / 1,977 monthly
Assure 22,058 per annum / 1,985 monthly

Plan Name – Bajaj Allianz Lifelong Assure plan (UIN: 116N122V02)

Bajaj Allianz Lifelong Assure is a non-linked, participating, life, individual limited premium whole of life endowment savings plan.

The key advantages of this plan are:

  • Guaranteed* Cash Back starting from the end of Premium Payment Term
  • Cash Bonus starting from the end of 6th year, if any.
  • Life cover up to the age of 100 years
  • Guaranteed* Death Benefit of up to 300% of Sum Assured depending on the PPT chosen
  • Option to take death benefit in monthly instalments
  • Choice of 3 Premium Payment Terms, viz., 10, 15 and 20 years
  • More value for money with high sum assured rebate
  • Premium rebate for female lives
  • Option to enhance your coverage with rider benefits**

* Conditions Apply. The guaranteed benefits are dependent on the Policy terms, Premium payment terms availed along with other variable factors. For details please refer to sales brochure (also available on the Website of Bajaj Allianz Life).

** Please refer to respective rider sales literature or visit the website of Bajaj Allianz Life for more details and eligibility conditions.

Eligibility Criteria

  • Min Age entry – 10 years
    (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) or on maturity date)
  • Max Age Entry – 55 years
  • Policy Term – 100 minus Age at entry
  • Premium paying term – 10, 15 & 20 years
  • Minimum Sum Assured – Rs. 1, 00,000
  • Maximum Sum Assured – Rs. No limit

Plan Name – Bajaj Allianz Life Guaranteed Income Goal (UIN:116N157V10)

Bajaj Allianz Life Guaranteed Income Goal is a Non-Linked, Non-Participating, Individual, Life Insurance Savings Plan

Key Features

  • Choice of 2 variants depending up on your Life Goal
    • Income Benefit
    • Lump-sum Benefit
  • Get Guaranteed1 Increasing Income under Income Benefit$
  • Option to extend your Life Cover beyond your Policy Term
  • Multiple Policy Terms & Premium Payment Terms to choose from

1Conditions Apply. The guaranteed benefits are dependent on the policy terms, premium payment terms availed along with other variable factors. For details please refer to sales brochure (also available on the Website of Bajaj Allianz Life insurance company Ltd.)

$Available with Income Benefit

Maturity Benefit

Lump-sum Benefit – If Lump-sum Benefit is chosen by you, on the Maturity Date, if all premiums are paid, your Guaranteed Maturity Benefit payable as Lump-sum will be an enhanced percentage of your Sum Assured. This is called as Guaranteed Enhancer (GE) and is payable as per the below table:


Policy Term (years) Premium Payment Term (years) Guaranteed Enhancer (GE) % Guaranteed Maturity Benefit
10 5 310% 310% of Sum Assured
10 7 410% 410% of Sum Assured
12 5 375% 375% of Sum Assured
12 7 450% 450% of Sum Assured
12 8 490% 490% of Sum Assured
10 10 520% 520% of Sum Assured
12 12 600% 600% of Sum Assured
15 5 380% 380% of Sum Assured
15 7 455% 455% of Sum Assured
15 8 495% 495% of Sum Assured
15 10 545% 545% of Sum Assured
15 12 605% 605% of Sum Assured
20 5 385% 385% of Sum Assured
20 7 460% 460% of Sum Assured
20 8 500% 500% of Sum Assured
20 10 550% 550% of Sum Assured
20 12 610% 610% of Sum Assured

Income Benefit: If Income Benefit option is chosen by you, on the maturity date, if all premiums are paid, your Guaranteed Maturity Benefit will be paid in yearly, half-yearly, quarterly or monthly installments (as chosen by you at inception of the policy). These are called as Guaranteed Maturity Instalments (GMI), and will be paid at the end of the GMI year for a period equal to your Premium Payment Term (PPT). For yearly frequency the GMI will be payable as per the below table -


Guaranteed Maturity Instalment (as % of Sum Assured)
GMI year (Post the policy term) Policy Term/Premium Payment Term
05-05 10-05 12-05 07-07 10-07 12-07 10-10 12-12
1 40% 40% 50% 45% 45% 55% 50% 55%
2 45% 45% 55% 50% 50% 60% 55% 60%
3 50% 50% 60% 55% 55% 65% 60% 65%
4 55% 55% 65% 60% 60% 70% 65% 70%
5 60% 60% 70% 65% 65% 75% 70% 75%
6 - - - 70% 70% 80% 75% 80%
7 - - - 75% 75% 85% 80% 85%
8 - - - - - - 85% 90%
9 - - - - - - 90% 95%
10 - - - - - - 95% 100%
11 - - - - - - - 105%
12 - - - - - - - 110%

Death Benefit

Lump-sum Benefit

If all due premiums have been paid:

I.Death Benefit during the Policy Term is the, Sum Assured on Death% , as on the date of death. The policy will terminate on payment of the Death Benefit.

II.Death Benefit during the ELC Period (only if chosen) (ELC Period is after the policy term) is the Sum Assured on Death% as on date of death. The policy will terminate on payment of Death Benefit.

Income Benefit

If all due premiums have been paid:

I. Death Benefit during the Policy Term is the, Sum Assured on Death% as on date of death. The policy will be terminating on payment of the Death Benefit.

ii. Death Benefit during payout period i.e. after the Policy Term is-

If ELC is chosen, then the Sum Assured on Death% will be paid. The risk cover will terminate immediately and the Policy will terminate on payment of last GMI.

If ELC is not chosen, then the remaining GMI will be paid. The policy will terminate on payment of last GMI


%Sum Assured on Death is the higher of (i) 10 times Annualized premium*, (ii)105% total premiums* paid on death, (iii) Sum Assured

*Annualized Premium is exclusive of extra premium, rider premiums, and GST and/any other applicable tax levied, subject to changes in tax laws, if any, and Total Premiums paid is equal to (Annualized Premium*number of years for which premiums have been paid.

Total Premium is exclusive of extra premium, rider premiums and GST/any other applicable tax levied, subject to changes in tax laws, if any. Please note that GST/any other applicable tax levied, subject to changes in tax laws will be collected over and above the premium under the Policy.


Eligibility Criteria:


Parameter Details
Minimum Entry Age 6 years
Maximum Entry Age 60 years
Minimum Age at Maturity 18 years
Maximum Age at Maturity> 72 years
- The maximum age does not include the ELC, if opted for or Income Period.
-For policies purchase through POS channel, the maximum Age at Maturity will be as per prevailing POS guidelines, as amended from time to time
Maximum Age for termination of life cover (if ELC is opted) 84 years
-For policies purchased through POS channel, the maximum Age for Termination of Life Cover(if ELC is opted for) will be as per prevailing POS guidelines, as amended from time to time
Policy Term (PT) & Premium Payment Term (PPT)
Lump-sum Benefit
PT (in years) 10 12 15 20
PPT (in years) 5,7,10 5,7,8,12 5,7,8,10,12
Income Benefit
PT (in years) 5 7 10 12
PPT (in years) 5 7 5,7,10 5,7,12
Minimum Premium (Rs.)
Variant Yearly Half-yearly Quarterly Monthly
Lump-sum 22,243 11,344 5,783 2,002
Income 28,822 14,699 7,494 2,594
Maximum Premium (Rs.) As per Maximum Sum Assured
Minimum Sum Assured Rs.1,00,000
Maximum Sum Assured Based on Board Approved Underwriting Policy (For policies purchased through POS channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time
Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly
*Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

The product is available for sale through online mode. All the references to age 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) and on maturity date.

For policy purchased through POS channel no medical underwriting is required. Premium will vary depending upon the Variant chosen.

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.


Bajaj Allianz Life Insurance Co. Ltd.

BEWARE OF SPURIOUS PHONE CALLS AND FICTICIOUS / FRAUDULENT OFFER – IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Guaranteed Income Goal is the name of the company and 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 brochures & policy document (available on www.bajajallianzlife.com) carefully before conducting a sale. Bajaj Allianz Life Guaranteed Income Goal – (a Non-Linked, Non-Participating, Individual, Life Insurance Savings Plan). 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 | Bajaj Allianz Life Guaranteed Income Goal (UIN:116N157V10). The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use it “Allianz” Logo. All charges/taxes, as applicable, will be borne by the Policyholder.

Jana Small Finance Bank is a Corporate Agent for Bajaj Allianz Life Insurance Company Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0606. This plan is offered and underwritten by Bajaj Allianz Life Insurance Company Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.


Corporate Disclaimer

Bajaj Allianz Life Insurance Co Ltd – Toll free number – 18002097272

Jana Small Finance Bank with its registered office at 1st Floor , The Fairway Business Park, Koramangala Inner Ring Road, Bengaluru- 560071 is a Corporate Agent (COR No.: CA0606) of Bajaj Allianz Life Insurance Company Limited. The Contract of insurance is with Bajaj Allianz Life Insurance Company Limited, who is liable for all valid claims on the policy. JANA Small Finance Bank customer’s participation in the policy is entirely voluntary

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