Product Proposal for securing your Life Goals

Bajaj Allianz Life

eTouch II
A Non-Linked, Non-Participating, Individual Life Insurance Term Plan
UIN: 116N198V01

Hi Mr. Xyz Abc,

Congratulations on taking the first step towards securing your Life Goals with Bajaj Allianz Life Insurance.

You have opted for Bajaj Allianz Life eTouch II , a term plan, which provides:

Key Features

Shield for your Extra payout option in Option to get back your Premium Holiday Early Exit Tax Benefits
life to cover case of death total premiums paid as option option
Death & Terminal Illness due to accident Maturity benefit

The key features mentioned above are dependent upon variant chosen
 Here's your illustration of Bajaj Allianz Life eTouch II (Life Shield)
Premium Payment Term @
(40 years)

Age 36 76

Life Insurance Cover throughout Policy Term

(40 years)

You Pay You Get

Premium Life Insurance Cover ₹ 1,00,00,000
Including discounts (if any) and excluding GST From age 36 to 76

First year ₹ 20,243 Yearly Payable as

Second year onwards ₹ 20,243 Yearly Lumpsum ₹ 1,00,00,000
Monthly Instalments ₹0
(for 480 months)

First Year Premium Discounts ( signifies Applicable | signifies Not-applicable )

Salaried Discount Insurance for All Discount

Additional Coverages ( signifies Opted | signifies Not-opted )

Terminal Illness Benefit Accidental Death Benefit FPR - Parental Care

Early Exit Option Waiver of Premium Benefit Return of Premiums on Maturity

During Premium Payment Term

2
^P r emiums ar e payable at the beginning o f year . P r o duc t featur es mentio ned abo ve ar e dependent o n benefit c ho s en.
P r emiums /Benefits ar e dependent o n the P o lic y ter ms , P r emium payment ter ms availed alo ng with o ther var iable fac to r s .
T he abo ve benefi ts /r etur ns s ho wn in the do c ument ar e fo r illus tr ative pur po s e o nly & mus t be r ead in c o njunc tio n with the Benefi t Illus tr atio n. Fo r mo r e details o n r is k
fac to r s , ter ms and c o nditio ns pleas e r ead s ales br o c hur e & po lic y do c ument (available o n www.bajajallianzlife.c o m) c ar efully befo r e c o nc luding a s ale.Tax benefi ts as per
pr evailing Inc o me tax laws s hall apply. P leas e c hec k with yo ur tax c o ns ultant fo r eligibility.
 Why Bajaj Allianz Life

Total Asset Under Net Worth Number of Lives

Managment (AUM) Covered

Individual Claim Get 1 day claim As against IRDAI

settlement Ratio Approval mandated 150%

*All figures as on 31 March 2023

For more details please refer to Company Factsheet
https://www.bajajallianzlife.com/content/dam/balic/pdf/financialinformation/Factsheet/none/Q1/Factsheet-FY-2022-2023.pdf

3
Bajaj A llianz L ife Insurance Co.L td., CIN : U66010P N 2001P L C015959 | IRDA I Reg.N o. 116 BEW ARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /
Mail us: customercare@bajajallianz.co.in | Call on: T oll free no. 1800 209 7272 FRADULENT OFFERS -
Registered O ffice A ddress: Bajaj A llianz House, A irport Road, Yerawada, P une - 411006, IRDAI is not involved in activities like selling insurance policies,
Maharashtra announcing bonus or investment of premiums. Public
T he L ogo of Bajaj A llianz L ife Insurance Co. L td. is provided on the basis of license given receiving such phone calls are requested to lodge a police
by Bajaj Finserv L td.to use its "Bajaj" L ogo and A llianz SE to use its "A llianz" logo. complaint.
Quotation No : 60061507050

Bajaj Allianz Life eTouch II

A Non-Linked, Non-Participating, Individual Life Insurance Term Plan

Name of the Prospect/ Xyz Abc Name of the Product: Bajaj Allianz Life eTouch II
Policyholder: A Non-Linked, Non-Participating,
Tag Line:
Age (Years): 36 Individual Life Insurance Term Plan
Policyholder's Gender: Male Unique Identification Number: 116N198V01
Name of the Life Assured: Xyz Abc GST Rate(First Year): 18.00%
Age (Years): 36 GST Rate(2nd Year onwards): 18.00%
Life Assured's Gender: Male Tobacco User: No
Policy Term (Years): 40 Premium Category: Medical
Premium Payment Term 40
(Years):
Amount of Instalment 23,887
Premium :
Mode of Payment of Yearly
Premium:

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Variant Life Shield Sum Assured (Rs.) 1,00,00,000

Death Benefit Payment Option 100% Lump Sum Payout Sum Assured on Death (at 1,00,00,000
inception of the Policy) (Rs.)
Premium Holidays 0

Premium Summary
Base Riders Total Instalment Premium
Installment Premium without GST 20,243 0 20,243
Salary Rebate, If available 0 0 0
Insurance for All Discount, If available 0 0 0
Geographical Extra, if applicable 0 0 0
Installment Premium without GST after discounts, if applicable 20,243 0 20,243
Installment Premium with GST after discounts, if applicable (First Year only) 23,887 0 23,887
Installment Premium with GST 2nd Year Onwards 23,887 0 23,887
(Amount in Rupees )
Sum Assured on death will be payable as
Lumpsum Rs.1,00,00,000

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed

Policy Annualised
Year Premium* Survival
Benefit Maturity Benefit Death Benefit Accidental Death Benefit Termination Value

1 20,243 0 0 1,00,00,000 0 0

O.X.X.X.X.X
Quotation No : 60061507050

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed

Policy Annualised
Year Premium* Survival
Benefit Maturity Benefit Death Benefit Accidental Death Benefit Termination Value

2 20,243 0 0 1,00,00,000 0 0

3 20,243 0 0 1,00,00,000 0 0

4 20,243 0 0 1,00,00,000 0 0

5 20,243 0 0 1,00,00,000 0 0

6 20,243 0 0 1,00,00,000 0 0

7 20,243 0 0 1,00,00,000 0 0

8 20,243 0 0 1,00,00,000 0 0

9 20,243 0 0 1,00,00,000 0 0

10 20,243 0 0 1,00,00,000 0 0

11 20,243 0 0 1,00,00,000 0 0

12 20,243 0 0 1,00,00,000 0 0

13 20,243 0 0 1,00,00,000 0 0

14 20,243 0 0 1,00,00,000 0 0

15 20,243 0 0 1,00,00,000 0 0

16 20,243 0 0 1,00,00,000 0 0

17 20,243 0 0 1,00,00,000 0 0

18 20,243 0 0 1,00,00,000 0 0

19 20,243 0 0 1,00,00,000 0 0

20 20,243 0 0 1,00,00,000 0 0

21 20,243 0 0 1,00,00,000 0 0

22 20,243 0 0 1,00,00,000 0 0

23 20,243 0 0 1,00,00,000 0 0

24 20,243 0 0 1,00,00,000 0 0

25 20,243 0 0 1,00,00,000 0 5,06,075

26 20,243 0 0 1,00,00,000 0 5,26,318

27 20,243 0 0 1,00,00,000 0 5,46,561

28 20,243 0 0 1,00,00,000 0 5,66,804

29 20,243 0 0 1,00,00,000 0 5,87,047

30 20,243 0 0 1,00,00,000 0 0

O.X.X.X.X.X
Quotation No : 60061507050

Benefit Summary (Amount in Rupees)

Guaranteed Non Guaranteed

Policy Annualised
Year Premium* Survival
Benefit Maturity Benefit Death Benefit Accidental Death Benefit Termination Value

31 20,243 0 0 1,00,00,000 0 0

32 20,243 0 0 1,00,00,000 0 0

33 20,243 0 0 1,00,00,000 0 0

34 20,243 0 0 1,00,00,000 0 0

35 20,243 0 0 1,00,00,000 0 0

36 20,243 0 0 1,00,00,000 0 0

37 20,243 0 0 1,00,00,000 0 0

38 20,243 0 0 1,00,00,000 0 0

39 20,243 0 0 1,00,00,000 0 0

40 20,243 0 0 1,00,00,000 0 0

Notes:
1 The main objec ve of this benefit illustra on is that the policyholder is able to understand the features of the product and the nature of
benefits under different circumstances like survival, death & surrender.
2. The above informa on must be read in conjunc on with Sales Literature & Policy document. In case of any conflict between this benefit
illustration and your policy document, the latter shall prevail.
3. The Death Benefit is payable on the earlier occurrence of death or diagnosis of Terminal Illness of the Life Assured. On diagnosis of Terminal
Illness, maximum benefit payable is Rs 2 crores
4. The Annualised Premium is exclusive of taxes, underwriting extra premium and loadings for modal premiums if any
5. In case the Life Assured is diagnosed with Accidental Total Permanent Disability or Terminal Illness during the policy term, all future
premiums shall be waived
6. The benefits illustrated are as of at end of the year.
7. Early Exit Value is equal to 100% of the Total Premiums Paid (under the base policy) ll the date of exercising the op on. Early Exit Value
op on can be exercised at any me during the first five (5) policy years immediately a er the policyholder has a ained age 60. This op on can
be exercised only if the policy is in force at the time of availing this Early Exit Value subject to below conditions:
• At inception of the Policy, the Policyholder’s age last birthday must be less than or equal to 50 years
• The Policy Term chosen at inception must be at least 35 years
• The age last birthday of the Policyholder at maturity of the Policy must be at least 70 years
8. Termination value is available post completion of Premium Payment Term
9. Premium Holidays can be exercised as per policy terms and conditions. Please refer to the Sales Literature or Policy Document for details
10. Tax benefits under the policy will be as per the prevailing Income Tax laws. We recommend that you seek professional advice for
applicability of tax benefit on premiums paid and benefits received.
11.For any further clarification, contact our sales representative or e-mail us on customercare@bajajallianz.co.in

O.X.X.X.X.X
Quotation No : 60061507050

I , , have explained the premiums, charges and benefits under the I, Xyz Abc , having received the informa on with respect to the
policy fully to the prospect / policyholder. above, have understood the above statement before entering into
the contract.

Place:
Date: Signature of Agent/ Intermediary/ Official Date: Signature of Prospect / Policyholder
Bajaj Allianz Life Insurance Co. Ltd.,
Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg. No.: 116.
Tel:(020) 66026777.
Email: customercare@bajajallianz.co.in
www.bajajallianzlife.com

O.X.X.X.X.X
 CUSTOMER INFORMATION SHEET / KNOW Y OUR POLICY.

This document provides key information about your policy. You are also advised to go through your policy
document.
We request you to kindly review the CIS and acknowledge the same through a link shared to you on your
registered mobile number/Email ID/WhatsApp.

Policy
Sr. Description in Simple Words
Title Clause
No. (Please refer to applicable Policy Clause Number in next column)
Number
Name of the
Insurance
Product and Bajaj Allianz Life eTouch II Policy
1
Unique (UIN - 116N198V01) Schedule
Identification
Number (UIN)
Quotation
2 60061507050 -
number

Type of Pure Risk

Policy
3 Insurance If Life Shield ROP variant is opted – Non-Linked other than pure risk and Schedule
Policy pension
Instalment Premium for Year 1 (Rs.) - 20,243
Instalment Premium Year 2 onwards (Rs.) - 20,243
Mode of premium payment - Annual
Basic Policy Policy
4 Sum Assured on Death (Rs.) - 1,00,00,000
detail Schedule
Sum Assured on Maturity (Rs.) - Not Applicable
Premium payment Term (years) - 40
Policy Term (years) - 40
Benefits payable on maturity (applicable only for Life Shield
ROP variant) –
Part C –
Total Premiums Paid shall be payable. Section 3
In case TI Benefit has been paid, Premiums proportionate to unclaimed
Sum Assured (if any) shall be payable, provided the Policy is in-force.

Benefits payable on Death / Terminal Illness (TI) (applicable for

all plan variants) – On earlier of death or occurrence of TI, Sum
Assured on Death / TI Sum Assured shall be payable. Part C –
Section 3
In case of TI, the maximum pay out shall be limited to lower of Rs 2 Crore
or Sum Assured under the policy. The policy will terminate on the death
of the life assured or on occurrence of TI, subject to policy terms and
conditions.
Survival Benefits excluding that payable on maturity – Not
applicable
 Surrender Value –

Termination Value, applicable for Life Shield and Life Shield Plus
variant:

Policy Payable only if the Premium Payment Term (PPT) is lesser than Policy
Coverage / Term (PT) and will be applicable only post PPT
5 benefits Termination Value is equal to: [Termination factor X Total Premiums
payable Paid]
Part D –
If PPT is equal to PT, no Termination Value shall be applicable
Section
For Life Shield ROP variant: 12

The Policy can be surrendered at any time after completion of the first
Policy Year, provided at least one (1) full Policy Years' Premium has
been paid
Higher of Guaranteed Surrender Value (GSV) or Special Surrender
Value (SSV)

Options to policyholders for availing benefits, if any, covered

under the policy – Early Exit Value (Only Under Life Shield and
Part D –
Life Shield Plus variant) – Option to get back all your premiums paid
Section
or Termination Value (as applicable). The option can be exercised at
12
any time during the first five (5) policy years immediately after the
policyholder has attained age 60.
Other benefits/options payable, specific to the policy, if any –
Accidental Death Benefit (Only Under Life Shield Plus variant) -
If death is due to accident then an additional benefit equal to the
Accidental Death Benefit (ADB) sum assured shall be payable.

Part C –
Lock-in period for Linked Insurance product – Not applicable
Section 3
Options
available (in Not
6 case of Linked Not applicable applicabl
Insurance e
Products)
Option
available (in Not
7 case of Not applicable applicabl
Annuity e
product)
Riders opted, if Policy
8 Not Opted
any Schedule
 Suicide Exclusion

In case of death of the life assured due to suicide, within 12 months from the
date of commencement of risk or the date of latest revival of the policy,
Exclusions whichever is later, the nominee or beneficiary of the policyholder shall be
(events where entitled to receive higher of 80% of the total premiums paid or the Surrender
Part F –
insurance Value as on the date of death, provided the policy is in force.
9 Section
coverage is
13
not payable), if
any.
Accidental Death Benefit and Accidental Total Permanent Disability:

Please refer to Section 13 under the policy document for the applicable
exclusions.
Not
Waiting /lien
10 Not applicable applicabl
Period, if any
e
Thirty (30) days for premium payment frequencies other than monthly and Part B –
11 Grace period
fifteen (15) days for monthly frequency. Section 1
Free Look Part D –
12 Thirty (30) days
Period Section 7
Non-Payment of Premiums (Lapse and Paid-up):

Life Shield Variant & Life Shield Plus Variant: If premiums have not
been paid before the expiry of the grace period, the policy will lapse and no
benefit will be paid.

Part C –
Life Shield ROP Variant: Section 5
Lapse, paid-up &6
13 and revival of If at least first one (1) full years’ premiums have not been paid – Policy
the Policy will, immediately & automatically, lapse at the expiry of the grace
period, and no benefit will be paid.
If at least first one (1) full years’ premiums have been paid under a
Policy, and subsequent premiums are not paid – Policy will be
converted to a paid-up policy at expiry of the grace period.

Revival Period – Five (5) years from the due date of the first unpaid Part D –
premium Section 8
Applicable only under Life Shield ROP Variant:
Part D –
Policy Loan, if Option to take policy loan, subject to a maximum limit of 50% of the
14 surrender value available under the policy. Loan interest rate applicable for Section
applicable
the loan will be as decided by the company from time-to-time. The rate of 10
interest for loan is 10% p.a. compounding half-yearly.
 Turn Around Time (TAT) for claims settlement and brief procedure:

· Link for Brief Procedure : https://www.bajajallianzlife.com/life-

insurance-claim-assistance.html

· Link for Turn Around Time (TAT) for claims settlement:

https://www.bajajallianzlife.com/content/dam/balic/pdf/customer-
services/services-tat.pdf

Helpline/Call Centre Numbers:

Claims / Toll free no (24*7) : 1800 2201 02 Part D –
15 Claims Sr. Citizens Toll free no. : 1800 2269 70 Section 9
Procedure Customer Care No: (022) 40881000
Board No.: (022) 66867575

Contact details of the insurer: Bajaj Allianz Life Insurance Company

Limited House, Ground Floor, Bajaj Allianz, Airport Rd, Yerawada, Pune,
Maharashtra 411006

Link for downloading claim form and list of documents required

including bank account details: https://www.bajajallianzlife.com/life-
insurance-claim-assistance.html WhatsApp- 8806727272
Turn Around Time (TAT):
https://www.bajajallianzlife.com/content/dam/balic/pdf/customer-
services/services-tat.pdf

Helpline/Call Centre number: 1800 209 7272

Contact details of the insurer: In case you have any query, you may
communicate with the Company:
Part G –
Policy 1. By post at: Customer Care Desk, Bajaj Allianz Life Insurance
16 Section
Servicing
Company Ltd., Bajaj Allianz House, 5th floor, Airport Road, Yerawada, 20
Pune – 411006

2. By Email: customercare@bajajallianz.co.in

Link for downloading applicable forms and list of documents required

including bank account details :
https://bajajallianzlifeonline.co.in/online/portal/logon/serviceRequest.do?
user_name=WEBSITE&p_flag=0
 Contact details of Grievance Redressal Officer of the insurer:
Grievance Redressal Officer of the insurer - In case you do not receive a
response within 15 days or if you are not satisfied with the resolution, you
may approach Grievance Redressal Officer at gro@bajajallianz.co.in

Link for registering the grievance with the insurer’s portal: Insurance
Part G –
Grievances company grievance portal -
17 Section
/Complaints https://webpartner.bajajallianz.com/GrvOnlineApi/indexOnlineGrv.jsp#_ga=2
20
.7272630.541013491.1717475077-
1601763320.1694668355&_gac=1.52751388.1715749803.EAIaIQobChMIy
_eqivKOhgMVdWsPAh0NFQrEEAAYASAAEgJObPD_BwE

Contact details of Ombudsman: Find your nearest Ombudsman office at

http://www.cioins.co.in/ombudsman

Declaration by the policyholder

I have read the above and confirm having noted the details
Place:
Date: (Signature of the Policy Holder)

Web-link for the product where sample policy document can be downloaded:
https://www.bajajallianzlife.com/term-insurance-plans/etouch-term-insurance-plan.html
Disclaimer:
In case of conflict in the content mentioned hereinabove, the terms and conditions mentioned in the policy
document shall prevail.