Bajaj Life - Smart Wealth Goal III - Dynamic Asset Allocation Fund

Bajaj Allianz Life Smart Wealth Goal III is a non-participating, life, individual, Unit-Linked single1 & limited/regular premium payment plan. You can opt for any one of the three variants mentioned below. The chosen variant cannot be changed during the term of the policy.
Wealth
Child Wealth
Joint Life Wealth

Life cover2 payable in case of earlier occurrence of Death or Accidental Total Permanent Disability (ATPD)
All future prevailing premiums will be waived in case of earlier occurrence of Death or Accidental Total Permanent Disability
Income Benefit paid each year till end of policy term in case of earlier occurrence of Death or Accidental Total Permanent Disability
Systematic Partial Withdrawal to meet Child
s Key Milestones
Loyalty Benefits
Return of Premium Allocation Charge (ROAC)
Fund Boosters
Return of Mortality Charges at maturity (ROMC)
Return of Income Benefit Charge (ROIBC)
Return of Morbidity Charge (ROMBC)
Return of Waiver of Premium Charge (ROWC)
Option to receive Maturity Benefit in installments with Return Enhancer
Choice of five (5) investment portfolio strategies
Choice of Seventeen (17) Funds
Option to reduce the Premium
Option to increase Premium paying term
Tax benefit may be as per prevalent tax laws

Minimum Entry Age - 18 years
Maximum Entry Age - 55 years

Minimum Sum Assured 7 times of Annualized Premium
Maximum Sum Assured 10 times of Annualized Premium
Minimum Top up Sum Assured 1.25 times Top up Premium
Maximum Top up Sum Assured 10 times Top up Premium

On occurrence of death or ATPD of the Life Assured, whichever is earlier, an additional benefit as Income Benefit will be payable.
i) Each installment of the Income Benefit is equal to one prevailing Annual Premium
ii) The Income Benefit is payable each Policy year till the end of the Policy term and the first Income Benefit instalment will be due on the Policy anniversary after the date of death or ATPD, whichever is earlier.
iii) In case of death of the Life Assured the Income Benefit is payable to the nominee and in case of ATPD it is payable to the Policyholder, at each Policy Anniversary for the remaining Policy term
iv) Income Benefit will be payable only if all the due Premiums are paid up to date
v) Income Benefit will not be payable in case of a Discontinued or Paid-up Policy

If Income benefit is paid out on occurrence of ATPD, then, on subsequent death, no additional benefit is payable, and the income benefit will continue till the end of Policy term

If all due Premiums are paid, then, in case of unfortunate death or Accidental Total Permanent Disability (ATPD) of the Life Assured, whichever is earlier, during the Policy term, the Benefit payable will be:
Prevailing Sum Assured plus
Prevailing Top up Sum Assured, if any.
The Benefit is subject to a minimum of the Guaranteed Benefit of 105% of the Total Premiums3 paid, till the date of death.
All the above is paid as on date of receipt of intimation of death at the Company s office.
The death and ATPD cover will terminate on the date of intimation of death or ATPD (whichever is earlier).

The Maturity Benefit will be the Fund value as on the date of maturity of your Policy. Even in case of an unfortunate death or Accidental Total Permanent Disability (ATPD) of the Life Assured during the Policy term, the Maturity Benefit will be paid.

Mortality Charge will be deducted at each monthly anniversary by cancellation of units.

Female Life Assured will be eligible for an age-set-back of 3 years.

For sub-standard lives, extra Mortality charge will be applicable which will be deducted

as charges by cancellation of units.

Bajaj Allianz Life Smart Wealth Goal III provides you with five unique portfolio strategies, out of which any one can be chosen at the inception of your Policy:
Investor Selectable Portfolio Strategy
Wheel of Life Portfolio Strategy II
Trigger Based Portfolio Strategy II
Auto Transfer Portfolio Strategy
Capital Preservation-Oriented Strategy