Bajaj Life - Goal Assure Plan - Accelerator Mid Cap Fund II

Bajaj Allianz Life Insurance Company Ltd. presents to you Bajaj Allianz Life Goal Assure, a life goal based Unit Linked Insurance Plan that offers you the opportunity to plan for your once in a lifetime experiences with Zero worries. It comes with Loyalty Additions payable
from the 6th Year and Fund Booster payable at maturity. It also returns the mortality charges on policy maturity thereby assuring you maximized returns on your investment while also offering protection from Day 1.

Minimum - 0 year - Risk will commence immediately on issuance of policy. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years
Maximum Entry Age :
60 years

Minimum Premium (Modal Premium & Top-up):
Frequency
Yearly
Half-yearly
Quarterly
Monthly
Top-u p
Premium (in Rs.)
36,000
18,000
9,000
3,000
5,000

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

Minimum & Maximum Sum Assured on Top-up Premium:
Age
Top-Up Sum Assured Multiplier
Less than 45 years
1.25 Times
Greater than or equal
1.10 times
to 45 years

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:
a. Higher of, Regular Premium Sum Assured or Regular Premium Fund Value
plus
b. Higher of, Top-up Sum Assured or Top-up Premium Fund Value
The death benefit is subject
to the guaranteed benefit of 105% of the total premiums paid, till the date of death.

Under Bajaj Allianz Life Goal Assure, the maturity benefit will be the Regular Premium Fund Value plus Top-up Premium Fund Value as on the maturity date, provided the policy is in-force.

Premium paid, maturity benefit, death benefit and surrender benefit are eligible for tax benefits as per extant Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant and obtain independent tax advice for eligibility and before claiming any benefit under the policy.
Goods and Service Tax is charged based on type of policy communication address of Policy Holder. This may change subject to change in rate/state in address of the Policy Holder as on date of adjustment.

Within 15 days of Insurance Products of the receipt of this policy, of the receipt of this policy and 30 days in case of an electronic policy or a policy obtained through distance mode, you, may if dissatisfied with any of the terms & conditions for any reason, provided no claim has already been made on the policy, give the company a written notice of cancellation along with the reasons for the same, and return the policy document to the company, subject to which the company shall send you a refund comprising the premium allocation charge plus charges levied by cancellation of units plus Fund Value, at the date of cancellation of units less the proportionate risk premium for the period the life assured was on cover, expenses incurred on medical examination and stamp duty charges.

A grace period of 30 days for yearly, half yearly & quarterly premium payment frequency and 15 days is available for monthly premium payment frequency from the due date of Regular Premium payment, without any late fee, during which time the Policy is considered to be in-force with the risk cover without any interruption as per the Policy terms and conditions.

You have the option to surrender your policy at any time.
i. On surrender during the lock-in period of first five years of your policy, the Regular Premium Fund Value, less the discontinuance/surrender charge plus the Top-up Premium Fund Value, if any, as on the date of surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the company), and life cover shall cease immediately. The Discontinuance Value as at the end of the lock-in period will be available to you as surrender value.
ii. On surrender after the lock-in period of first five years of your policy, the surrender value available will be Regular Premium Fund Value plus Top-up Premium Fund Value, if any, as on the date of surrender, and will be payable immediately.
iii. The policy shall terminate upon payment of the surrender/Discontinuance Value by the company.

At the end of the policy term, on the maturity date, the total amount of mortality charges deducted in respect of life cover provided throughout the policy term, will be added back as ROMC, to the Regular Premium Fund Value and Top-up Premium Fund Value, as applicable. ROMC 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.

In case of death of the life assured due to suicide within 12 months from the date of inception or the date of latest revival of the policy, and the Company s liability shall be limited to the extent of the Fund Value, as on the date of death. Any charges recovered subsequent to the date of death shall be paid back to the nominee along with the death benefit.