TAKE CONTROL OF

THE WAY YOU GET

YOUR RETURNS

A Non linked, Participating,

Individual Life Insurance Savings Plan

https://www.businesswireindia.com/product-of-the-year-announces-2024-winners-consumers-recognize-innovation-90443.html
 ABOUT BAJAJ ALLIANZ LIFE INSURANCE

Bajaj Allianz Life Insurance Co. Ltd., one of India’s leading private life insurers, is a joint
venture between Bajaj Finserv Limited, one of the most diversified non-banking
financial institutions in India, and Allianz SE, one of world’s leading global insurer and
asset manager. This joint venture Insurance Company incorporates global expertise with
local experience. The comprehensive, innovative solutions combine the technical
expertise and experience of Allianz SE, and in-depth market knowledge and goodwill of
“Bajaj brand” in India.
 BAJAJ ALLIANZ LIFE ACE

Protecting and saving for your tomorrow is one of those aspects where you would like
your plan to be suitable for you and your family's needs. How amazing would it be if we
could create our own financial plan - where you could design it yourself!

Keeping this in mind, Bajaj Allianz Life Insurance Company is proud to present Bajaj
Allianz Life ACE, a truly modular product where you are the one in charge of your
financial plan. The product offers a life cover to secure your family in case you are not
around, choice of income as you would want or a lump sum to meet your life goals.
 WHAT MAKES BAJAJ ALLIANZ LIFE ACE
PERFECT FOR YOU?

Ÿ Flexibility: Decide if you want an income or lump sum or both

Ÿ Choice of Income:
Ÿ Choose to receive income from first month or after a fixed period based on your
need
Ÿ Decide if you prefer a level income or an increasing income
Ÿ Choose if you want income for a limited term or up to 100 years of age

Ÿ Protection: Protect your loved ones with a life cover throughout the policy term, up to
100 years

Ÿ Premium payment term: Choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years

Ÿ Tax benefits: On premiums paid and benefits received as per prevailing tax laws
 HOW DOES THE PLAN WORK?
The plan offers four product options

Deferred Income
An option that provides you income starting after the Premium Payment Term and
Deferment period. The income will be a mix of guaranteed income and cash bonus, (if
declared)

Early Income
An option that provides you income from the 1st policy month/ year after deferment
period by way of cash bonuses (if declared) and guaranteed income (GI)

Increasing Income
An option that provides an increasing income starting after the Premium Payment
Term and Deferment period. The income will be a mix of guaranteed and cash bonus,
(if declared)

Wealth
An option that provides you a lump sum at the end of the policy term

You can choose one or more of these options to design the financial plan of your
choice.
 HOW DO YOU DESIGN YOUR PLAN?

Step 1
Choose how you want to receive the proceeds of your policy by selecting one or more
options

Step 2
Choose the premium that you wish to save every year

Step 3
Choose how long you want to pay, when you want to start the benefits and for how long
you want them.

Your financial plan is now all set!

 OPTIONS IN DETAIL

Deferred Income

Ÿ Income Benefit: You shall receive an income which comprises of a Guaranteed Income and
cash bonuses, if declared. This income is paid in arrears after the end of the Premium
Payment Term and Deferment period and is payable till the end of policy term.
Ÿ Guaranteed Income = Guaranteed income factor of 4% X Benefit Sum Assured
Ÿ Cash Bonus payable = Declared Cash Bonus rate X Benefit Sum Assured

Ÿ Deferment period: You will have an option to defer the start of your income by up to 5 years

Ÿ Maturity Benefit: On maturity of the Policy, you will receive:

Ÿ Sum Assured on Maturity, i.e. 105% of total premiums paid, plus
Ÿ Accumulated Income benefits, if any plus
Ÿ Terminal bonus (if declared)

Ÿ Death Benefit: In case of death of the Life Assured during the policy term, The death benefit
will be paid as:
Ÿ Sum Assured on Death plus
Ÿ 105% of Accumulated Income benefits, if any plus
Ÿ Terminal Bonus (if declared)

The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death
Benefit will be less than the Guaranteed Death Benefit. If there is any shortfall, the same will
be added to the Death Benefit.
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to
take the death benefit in instalments.
 OPTIONS IN DETAIL

Early Income

Ÿ Income Benefit: You are eligible to receive an income in the form of Cash bonuses that may be
declared by the Company every year. You can opt to take this cash bonus (if declared) monthly/
yearly which gives you an income starting from the end of 1st month/ 1st year after the
Deferment period of your Policy. In addition to the cash bonus, if declared, you shall also
receive a Guaranteed Income. The income benefit is payable for the entire policy term
Ÿ Guaranteed Income = Guaranteed income factor of 4% X Benefit Sum Assured
Ÿ Cash Bonus payable = Declared Cash Bonus rate X Benefit Sum Assured

Ÿ Deferment Period: You will have an option to defer the start of your income by up to 5 years

Ÿ Maturity Benefit: On maturity of the Policy, you will receive:

Ÿ Sum Assured on Maturity, i.e. 105% of Total premiums paid plus
Ÿ Accumulated Income benefits, if any earlier, plus
Ÿ Terminal bonus (if declared)

Ÿ Death Benefit: In case of death of the Life Assured during the policy term, the death benefit
will be paid as:
Ÿ Sum Assured on Death plus
Ÿ 105% of Accumulated Income benefits, if any earlier plus
Ÿ Terminal Bonus (if declared)

The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death
Benefit will be less than the Guaranteed Death Benefit. If there is any shortfall, the same will be
added to the Death Benefit.
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to
take the death benefit in instalments.
 OPTIONS IN DETAIL

Increasing Income

Ÿ Income Benefit: You shall receive an income which comprises of a Guaranteed Income and
cash bonuses, if declared. This income is paid in arrears after the end of the Premium
Payment Term and Deferment period and is payable till the end of policy term. These incomes
will be declared as a percentage of the Benefit Sum Assured. Benefit Sum Assured is
guaranteed to increase at 5% p.a. (on compounding basis) every year. The increased Benefit
Sum Assured will be used for calculation of respective years's Guaranteed Incomes and Cash
bonuses if declared. Guaranteed Income shall be 2% of the Benefit Sum Assured.

Ÿ Deferment period: You will have an option to defer the start of your income by up to 5 years

Ÿ Maturity Benefit: On maturity of the Policy, you will receive:

Ÿ Sum Assured on Maturity, i.e. 105% of total premiums paid, plus
Ÿ Accumulated Income benefits, if any plus
Ÿ Terminal bonus (if declared)

Ÿ Death Benefit: In case of death of the Life Assured during the policy term, The death benefit
will be paid as:
Ÿ Sum Assured on Death, plus
Ÿ 105% of Accumulated Income benefits, if any plus
Ÿ Terminal Bonus (if declared)

The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death
Benefit will be less than the Guaranteed Death Benefit. If there is any shortfall, the same will be
added to the Death Benefit.
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to
take the death benefit in instalments.
 OPTIONS IN DETAIL

Wealth

Ÿ Maturity Benefit: On maturity, you will receive a lumpsum amount equal to:
Ÿ Maturity Sum Assured, i.e. Maturity Sum Assured Rate x Annualised Premium, plus
Ÿ Accrued Simple Reversionary Bonus (if declared), plus
Ÿ Terminal Bonus (if declared)

Ÿ Death Benefit: In case of death of the Life Assured during the policy term, the death benefit
will be paid as:
Ÿ Sum Assured on Death, plus
Ÿ Accrued simple reversionary bonus (if declared), plus
Ÿ Terminal Bonus (if declared)

The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death
Benefit will be less than the Guaranteed Death Benefit. If there is any shortfall, the same will be
added to the Death Benefit.
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to
take the death benefit in instalments.

Note:
Ÿ Guaranteed Death Benefit is 105% of the Total Premiums paid.
Ÿ Sum Assured is 11 times of Annualised Premium.
Ÿ Annualised Premium is premium amount payable in a year excluding taxes, rider premiums and
underwriting extra premium on riders, if any.
Ÿ Total Premiums means total of all premiums paid under the policy, excluding any extra premium
and taxes, if collected explicitly.
Ÿ Please note that GST & cess (if any) will be collected over and above the premium under the policy.
Ÿ The Benefit Sum Assured will be used for the calculation of Guaranteed Income, Cash Bonus,
Simple Reversionary Bonus and Terminal Bonus and will not be paid on any event.
Ÿ Sum Assured on Maturity is equal to (i) 105% of the Total Premiums paid under Product Options 1, 2,
3, and (ii) Maturity Sum Assured under Product Option 4.
 FLEXIBILITIES UNDER THE PLAN

Option to Accumulate Income Benefits

You will have an option to accumulate the Income benefits in the plan. Once this option has been
exercised, the Guaranteed Incomes and Cash bonuses, if declared, would be accumulated until a
request is submitted to take out this accumulation. This option can be exercised any time during
the Policy term. The benefits will be accumulated on yearly frequency, and you will earn an
investment return on the accumulated corpus.

Anytime during the policy term, the policyholder will have the option to withdraw, in part or in
full, the accumulated income benefit. The policyholder will have the flexibility to discontinue this
option at any time. This option is not applicable to Wealth product option.

The accumulation will be at an investment return of prevailing 10-year G-Sec yield p.a. which
will be declared by the company every year.

Goal Protection Benefit (GPB)

By opting for this benefit, you can ensure that your savings goal will remain intact even if you are
not around. Thus, providing your family a financial protection net by continuing the benefit
payouts to them as you have planned.
 FLEXIBILITIES UNDER THE PLAN

How the plan works if you have opted for Goal Protection Benefit:

On survival (until maturity): Your Income benefits and maturity benefit will be paid to you as
and when due.

CB
GI

Guaranteed Cash
Income Bonus
Premium payment Term

On Death (during the PPT): On Death of the Life Assured during the Premium payment Term,
• The Sum Assured on Death plus 5% of accumulated income benefit, if any shall be paid
immediately
• The policy will be continued, and no future premiums will be collected, and
• Your nominee will receive the Income benefits, if any, and maturity benefit as and when due
till maturity
• Simple Reversionary Bonus, if any, will continue to accrue in the policy
• The accumulated Income benefits, if any, will remain accumulated in the policy

CB
GI

Premiums Guaranteed Cash

not collected Income Bonus
Premium payment Term
The policy will terminate on payment of last Income benefit and Maturity benefit.
 FLEXIBILITIES UNDER THE PLAN

On Death (after the PPT): On Death of the Life Assured after the Premium payment Term,
• The Sum Assured on Death plus 5% of accumulated income benefit, if any shall be paid
immediately
• Your nominee will receive the Income benefits and maturity benefit as and when due till
maturity
• Simple Reversionary bonus, if any, will continue to accrue in the policy
• The accumulated Income benefits, if any, will remain accumulated in the policy

CB
GI

Guaranteed Cash
Income Bonus

Premium payment Term

The policy will terminate on payment of last Income benefit and Maturity benefit.

Flexibility to select multiple plan options:

• You have the flexibility to choose one/more than one Product Options to create the financial
plan that best suits your requirements.
The benefits payable under the policy on survival, maturity, surrender, death will be the sum
of respective benefits payable under each product option chosen.
Let us see how the benefits look like:

For 35Y Male | Annual Premium : `1,00,000 | PPT : 10 years | Policy Term : 65 years |
Deferment Period : 0 years
Options opted: Early Income & Wealth

CB
GI

Guaranteed Cash
0 9 Income Bonus
Premium payment Term
Total Premiums Paid: `10,00,000
 FLEXIBILITIES UNDER THE PLAN

Customer Needs
Benefits
Higher Income Balanced Benefits Higher Maturity

Proportion of Premium Early Income: 94% Early Income: 80% Early Income: 60%
Wealth: 6% Wealth: 20% Wealth: 40%
Guaranteed Income (A) `15,257 `12,984 `9,738
Annual
Cash Bonus (B) `22,885 `19,476 `14,607
Income
Benefit
Total (A+B) `38,142 `32,460 `24,345
@ 8%
Maturity Benefit `91,80,975 `2,16,17,673 `3,93,84,384
Total Benefit till Maturity `1,16,60,205 `2,37,27,573 `4,09,66,809

Guaranteed Income (A) `15,257 `12,984 `9,738

Annual
Cash Bonus (B) `1,907 `1,623 `1,217
Income
Benefit
Total (A+B) `17,164 `14,607 `10,955
@ 4%
Maturity Benefit `11,24,926 `12,99,753 `15,49,505
Total Benefit till Maturity `22,40,586 `22,49,208 `22,61,580

Note -
Ÿ For above illustration, the Sum Assured on Death at inception will be Rs. 11,00,000
Ÿ The above illustration is assuming the Life Assured is alive till the end of the policy term
Ÿ The premium mentioned above are exclusive of any extra premium loading and Goods & Service
Tax/any other applicable tax levied, subject to changes in tax laws.
Ÿ The assumed rate of 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
 ELIGIBILITY CONDITIONS

Premium Min/ Max.

Plan Income Period Deferment Policy Term Min/ Max.
Payment Age at
Benefits (IP) Period (DP) (PT) Age at Entry
Term (PPT) Maturity

Limited Term:
Early IP = PT 10 to 45 years
Income minus DP Whole Life:
Upto Age 85 or 100

Limited Term:
Deferred 15 to 45 year With GPB:
0 to 5 years
Income Limited Term: Whole Life: With GPB: Upto Age 85
10, 15, 20, 25, 30, Upto Age 85 or 100 18 to 55 years years
5, 6, 7, 8,
Whole Life:
9, 10, 12
till Age 85, Limited Term: Without GPB: Without GPB:
Increasing till Age 100 15 to 45 year 0 to 60 years Upto age 100
Income Whole Life: years
Upto Age 85 or 100

Limited Term:
10 to 45 years
Wealth NA NA Whole Life:
Upto Age 85 or 100

All ages mentioned above are age as on last birthday.

Risk cover (including for minor lives) will commence immediately on the date of commencement of
risk in the policy. In the case of a minor life, the policy will vest on the lifeassured on the earlier of
attainment of age 18 years age or maturity date.
For female lives, 2% markup will be available on Benefit Sum Assured.
Income Period will commence after the end of Deferment Period.
Minimum premium: `25,000 p.a.
Maximum premium: No limit (subject to Board approved underwriting policy)
Minimum & maximum Sum Assured: 11 times of Annualised premium
Benefit Sum Assured (BSA) is derived basis Age, Product option, GPB, DP, PT, PPT, Income period
and premium chosen by the Policyholder
Benefits will vary depending upon options chosen
The product is available for sale through online mode
 SURRENDER BENEFIT UNDER THE PLAN

Ÿ The policyholder will have the option to surrender the policy. The surrender value payable will
be the higher of the guaranteed surrender value (GSV) or the special surrender value (SSV).
Ÿ The policy will acquire a GSV provided two (2) full years' premiums have been paid. SSV shall
become payable after completion of first (1st) policy year provided at least one (1) full years'
premium has been received.
Ÿ A product option alone in a policy cannot be surrendered.
Ÿ GSV Factors will be applied on Total Premiums received and the sum of all in-force or paid-up
Income payouts paid (as applicable), will be reduced from this amount, to arrive at the GSV.
Ÿ For Wealth Option, additionally, GSV Factor will be applied on accrued Simple Reversionary
Bonus, if declared.
Ÿ The SSV factors for all the variants are not guaranteed, and company will revise these factors
from time to time, subject to the prior approval of IRDAI.
Ÿ The surrender benefit payable will be the sum of surrender values payable under each benefit
opted in the policy.
Ÿ The policy will terminate on the date of surrender.
 NON PAYMENT OF PREMIUM

a) If at least one (1) full years' premiums are not paid, the policy will, immediately &
automatically, lapse at the expiry of the grace period, and no benefit other than the Accumulated
income benefit, if any, will be payable under the policy. The Accumulated income benefit, if any,
in the policy will be paid out at the end of grace period.

b) A policy which has acquired surrender value shall not lapse by reason of the non-payment of
future premiums, instead, the policy will be, immediately & automatically, converted to a
reduced paid-up policy at the expiry of the grace period.
(i) A reduced paid-up Policy will not be eligible for any future Cash Bonus or Simple
Reversionary Bonus, if declared. However, it will be eligible for future Paid-up GI, and
Investment Return, if there is any AIB under the Policy.
(ii) The paid-up Benefit Sum assured, the Paid-up sum assured and the paid-up sum assured
on death, are obtained by multiplying the Benefit sum assured, the Sum Assured and the
sum assured on death, respectively, by a factor equal to the proportion of the number of
premiums paid to the total number of premiums payable under the option. This Paid-up GI
allows for reduction of the GIs already paid out in the policy before it became paid-up.
Note- Please refer policy terms and conditions for more details
(iii) In Product Option 3, similar to GI, Paid-up GI shall also increase by 5% (on a compound
basis) every policy year. In the determination of the Death Benefit, Survival Benefit and the
Maturity Benefit of a reduced paid-up Policy, the same approach as in Section 4 above will
be followed; but, in the determination of the benefits, the Sum Assured, Sum Assured on
Death, Guaranteed Death Benefit, Sum Assured on Maturity, and GI will be replaced by the
Paid-up Sum Assured, Paid-up Sum Assured on Death, Paid-up Guaranteed Death Benefit,
Paid-up GI and Paid-Up Sum Assured on Maturity, respectively.
(iv) The policyholder may revive a lapsed policy/paid-up policy subject to the conditions
mentioned in the revival clause.
 REVIVAL OF THE PLAN
You can revive your lapsed or paid-up policy, subject to the following conditions;
i) The application for revival is made within five (5) years from the due date of the first unpaid
premium, before the Maturity Date.
ii) The arrears of premiums together with interest, at such rate as the company may decide
from time to time along with applicable taxes are paid. The current applicable revival
interest is 10% p.a. compounded half- yearly.
iii) On revival, you are entitled to receive all contractual benefits.
iv) Please refer the policy terms and conditions for more details
Note: The revival interest rate will be benchmarked to the G-Sec based on the information from
Financial Benchmark India Private Ltd (FBIL). It will be equal to [10-year G-Sec yield PLUS 2%]
rounded-up to the next full interest rate. The revival interest rate will be reviewed on an annual basis.
Any change in bases used for determination of applicable interest rate will be subject to prior
approval of IRDAI.

Additional Benefit under the Plan

Riders:
You can enjoy extra coverage during the policy term by choosing the optional additional rider
benefits at a nominal extra cost. The riders available with all variants under Bajaj Allianz Life ACE
are:

1. Bajaj Allianz Life Accidental Death Benefit Rider (UIN: 116B034V02)

2. Bajaj Allianz Life Accidental Permanent Total/Partial Disability Benefit Rider (UIN:116B036V02)
3. Bajaj Allianz Life Family Protect Rider (UIN: 116B056V01)
Please refer to respective rider sales literature or visit Company website or consult your “Insur-
ance Consultant” for more details and eligibility conditions.

Alteration of premium paying frequency

You will have an option to change the Premium payment frequency under your Policy at any Policy
anniversary, subject to the availability of the frequency. The Premium payment modes available
are yearly, half yearly, quarterly and monthly.
The Premium for frequencies other than annual is given by the annual Premium multiplied with
the frequency factor. The factors are:

Premium frequency Monthly Quarterly Half-yearly Yearly

Frequency Factor (freq) 0.0875 0.26 0.51 1.00
 REVIVAL OF THE PLAN
Benefit Sum Assured = (modal premium/frequency factor) x Benefit Sum Assured rate
The quarterly and monthly mode will be allowed only under auto-debit process (as per the
approved RBI facilities).

Alteration of Income frequency (for Product Option 1 to 3):

The default option in the product is to take the Income benefits (GI and Cash bonus, if declared) in
annual instalments. However, the policyholder will have an option to change the frequency and take
these benefits in any instalment frequency; in arrear or advance on the policy anniversary. The
modal income taken in advance will be paid only after receiving the modal premium due then.
Modal Income = x% of Yearly income payout paid in arrears

Modal Frequency Monthly Quarterly Half-yearly Yearly

In Arrear (x) 95.00 96.00 96.50 100.00

In Advance (x) 94.50 94.25 93.00 92.00

The Benefit Sum Assured and GI rate used in this calculation will be that w.r.t the Product Option under
the policy.
The policyholder will have the flexibility to discontinue this option at any time.

Option to take Maturity Benefit in Installments (in all Product Options)

i) The policyholder will have an option to take Maturity Benefit in monthly or yearly
instalments over a period of 5, 10, 15 or 20 years. This option can be chosen at any time
before maturity.
ii) The interest rates applicable for arriving at these instalments for the chosen period shall
be equal to the yields of the respective G-Sec yield less a spread of 25 basis points for
instalments over a period of 5, 10, 15 and 20 years. The interest rate will be benchmarked
to the G-Sec based on the information from Financial Benchmark India Private Ltd (FBIL).
E.g., For instalment period of 5 years, 5-year G-Sec yield less a spread of 25 basis points
will be applicable.
iii) The policyholder will have the option to request for a discontinuance of the instalments
even after the instalments have commenced. The policyholder will be eligible to receive
 an amount equal to discounted value of the future instalments as on the date of such
request (which would be discounted at the same interest rate used at the time of
instalments calculation).

Death Benefit in Instalments (in all Product Options)

i) At the time of intimation of death of life assured, the policyholder or nominee (as
applicable) will have the option to take the death benefit in equal monthly instalments
over a period of five (5) or ten (10) years (as per his/her choice) from the date of
intimation of death. The amount of monthly instalments once started cannot be changed.
ii) The first instalments shall be due on the date of intimation of death.
iii) The interest rate will be benchmarked to the G-Sec based on the information from
Financial Benchmark India Private Ltd (FBIL)). It will be equal to [10-year G-Sec yield
LESS 1%] rounded-down to the lower full interest rate.
iv) The interest rate will be reviewed on an annual basis. Any change in bases used for
determination of applicable interest rate will be subject to prior approval of IRDAI.
v) The nominee/policyholder will have the option, at any time, to request for a
discontinuance of the monthly instalments even after the instalments have commenced.
The nominee/ policyholder will be eligible to receive an amount equal to the present value
(PV) of the remaining instalments as on the date of such request (PV would be at the same
interest rate used at the time of instalments calculation).

Tax Benefits under the Plan

As per applicable tax laws as amended from time to time. You are requested to consult your tax
consultant and obtain independent advice for eligibility and before claiming any benefit under
the policy.

Policy Loan
Provided the Policy has acquired Surrender Benefit, during the Policy term, you will have the
option to take Policy loan, subject to a maximum limit of 80% of the [Surrender value less TB on
surrender (if any) less any AIB] + 50% of TB on surrender (if any). Loan interest rate applicable
for the loan will be as decided by the company from time-to-time. The current loan rate of
interest is 10% p.a. compounding half-yearly.
On death, surrender or maturity, the outstanding policy loan plus interest, as on the date of
death/ surrender /maturity, will be deducted from the death/ surrender /maturity benefit
payable. Each survival benefit will be adjusted against the outstanding loan & interest.
The policy will be foreclosed under the following circumstances:
i) For other than in-force and fully paid-up policies: If, at any time (during the policy term),
the outstanding policy loan and interest exceeds the surrender value, then, the company
will inform the policyholder for payment of interest-due and/or full/part repayment with
the notice period of 30-days and, at the end of notice period, the policy will be foreclosed
and any surrender value will be adjusted towards the outstanding loan plus interest.
ii) For in-force or fully paid-up policies: The policy will not be foreclosed on the ground of
outstanding loan amount including interest exceeds the surrender value.
Note:
The loan interest rate will be benchmarked to the G-Sec based on the information from Financial Benchmark
India Private Ltd (FBIL). It will be equal to [10-year G-Sec yield PLUS 2%] rounded-up to the next full interest
rate. The loan interest rate will be reviewed on an annual basis. Any change in bases used for determination
of applicable interest rate will be subject to prior approval of IRDAI.

Termination
a) This risk cover of the Life Assured shall, immediately and automatically, terminate on the
earliest occurrence of any of the following events:
1. On the date of death of the Life Assured, in case Goal protect benefit is not opted
2. On the lapsation of the Policy
b) This Policy shall immediately and automatically terminate on the earliest occurrence of
any of the following events:
1. On Free Look Cancellation
2. On payment of the last equal instalment w.r.t. the Death Benefit (if taken in
instalments), unless Death Benefit in a lump-sum has been taken; provided there are
no other benefits available under the Policy.
3. On payment of the Death Benefit in a lump-sum unless Death Benefit in instalments
has been taken; provided there are no other benefits available under the Policy.
4. On complete surrender of the Policy and on payment of the Surrender Value.
5. On foreclosure, if at any time, in a Policy that is paid-up, the outstanding loan plus
loan interest exceeds the Surrender Value available under the Policy and no payment
is made even on the expiry of the notice sent by the company
6. On the expiry of the Revival Period for a lapsed Policy.
7. On the Maturity Date.
8. On refund of eligible Regular Premiums/Surrender Value under suicide clause on
suicide of the Life Assured.
Grace Period
The Grace Period is thirty (30) days for frequencies other than monthly and fifteen (15) days for
monthly frequency during which the Policy is considered to be in-force with the risk cover. On
the occurrence of death during the Grace Period, the Death Benefit will be payable and the due
but unpaid Premium/s upto the date of death will be deducted from the death benefit payable.
Free Look Period
The policyholder has a free look period of thirty (30) days from the date of receipt of the Policy
Document, to review the terms and conditions of the Policy and where the Policyholder
disagrees to any of those terms & conditions, he has the option to return the Policy to the
insurer for cancellation, stating the reasons for his objection, then he shall be entitled to a
refund of all the premiums (excluding applicable taxes) paid, subject only to a deduction of a
proportionate risk premium for the period of cover and the expenses incurred by the insurer on
medical examination of the proposer and stamp duty charges.
The request for cancellation of the policy during free look period shall be processed and
premium shall be refunded within 7 days of receipt of such request.
Suicide Exclusions
In case of death of a Life Assured (in a single or joint life policy) due to suicide within 12 months
from the date of commencement of risk or the date of latest revival of the policy, whichever is
later, then the nominee or beneficiary of the policyholder shall be entitled to receive, the higher
of 80% of the Total Premiums paid or the surrender value as on the date of death, provided the
policy is in force and the policy shall be terminated.
There are no other exclusions other than the suicide clause.
Auto Vesting
If the policy has been taken on the life of a minor, on attaining the age of majority i.e. 18 years,
the policy will vest on him/her. Thereafter, the Life Assured shall become the policyholder who
will then be entitled to all the benefits and subject to all liabilities as per the terms and
conditions of the policy.
Extra benefits and Discounts available in the plan:
Ÿ High Premium Mark-up will be available if the annual premium under the policy is 1.5 lac or above.
Ÿ Female Lives mark-up of 2% will be available on the Benefit Sum Assured.
Ÿ Autopay benefit, loyalty benefit (to existing policyholders), staff, online sales, web aggregator, Partner
& worksite mark-ups of upto Rs. 24 per 100 Annualised premium will be added to the Benefit Sum
Assured.
Ÿ Family discount of upto 7% on the first year premium will be available to family members of existing
customers
Ÿ Multiple option discount of upto 3% on the first year premium will be applicable if the policyholder has
opted more than one product options in the same policy
Statutory Information
Assignment: Section 38 of the Insurance Act, 1938
Assignment should be in accordance with provisions of sec 38 of the Insurance Act 1938 as
amended from time to time.
Nomination: Section 39 of the Insurance Act, 1938
Nomination should be in accordance with provisions of sec 39 of the Insurance Act 1938 as
amended from time to time.
Prohibition of Rebate: Section 41 of the Insurance Act, 1938
Prohibition of Rebate should be in accordance with provisions of section 41 of the Insurance Act
1938 as amended from time to time.
No person shall allow or offer to allow, either directly or indirectly, as an inducement to any
person to take out or renew or continue an insurance in respect of any kind of risk relating to
lives or property in India, any rebate of the whole or part of the commission payable or any
rebate of the Premium shown on the Policy, nor shall any person taking out or renewing or
continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with
the published prospectuses or tables of the insurer.
Any person making default in complying with the provision of this section shall be liable for a
penalty that may extend up to ten lakh rupees.
Fraud, Misstatement: Section 45 of the Insurance Act, 1938
Fraud & Misstatement would be dealt with in accordance with provisions of Sec 45 of the
Insurance Act 1938 as amended from time to time.
Applicability of Goods & Service Tax
Goods and Service Tax is charged based on type of Policy communication address of
Policyholder. This may change subject to change in rate/state in address of the Policyholder as
on date of adjustment.
Bajaj Allianz Life Insurance Co. Ltd.

Regd. Office Address:

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada,
Pune - 411 006 I IRDAI Reg. No.: 116 | www.bajajallianzlife.com| CIN: U66010PN2001PLC015959

Sales: 1800 209 0144 Service: 1800 209 7272 Mail us : customercare@bajajallianz.co.in

Visit us at: www.bajajallianzlife.com Bajaj Allianz Life ACE UIN : 116N186V03

Disclamier -
This sales literature gives the salient features of the plan only. The Policy document is the
conclusive evident of contract and provides in details all the conditions &exclusions related to Bajaj
Allianz Life ACE.
1 The risk factors of the bonuses projected under the product are not guaranteed.
2 Past performance of the Company doesn't construe any indication of future bonuses
3 The product is subject to the overall performance of the Company in terms of investments,
management of expenses, mortality and lapses.

For More Information: Kindly consult our “Insurance Consultant” or call us today on the TOLL
FREE numbers mentioned above. This brochure should be read in conjunction with the Benefit
Illustration and Policy Exclusions. Please ask for the same along with the quotation.

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

Ÿ BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS - IRDAI or its

officials do not involve in activities like selling insurance policies, announcing bonus or
investment of premiums. Public receiving such phone calls are requested to lodge a police
complaint.

BJAZ-BR-EC-11884/24
 II Allianz@)

LIFE GOALS. DONE.

Bajaj Allianz Life ACE

A Non linked, Participating, Individual Life Insurance Savings Plan

Name of the Prospect/ Policyholder: Valued Customer Name of the Product: Bajaj Allianz Life ACE
Age: 40 Gender: Male Tag Line: A Non linked, Participating, Individual Life
Name of the Life Assured: Valued Customer Insurance Savings Plan

Age: 40 Gender: Male Unique Identification Number: 116N186V03

Premium Payment Term: 10 GST Rate(First Year): 4.50%
Policy Term: 30 GST Rate(2nd Year onwards): 2.25%
Deferment Period: 0
Amount of Instalment Premium: 1,02,410
Mode of Payment of Premium: Annual

How to read and understand this benefit illustration?

This benefit illustration is intented to show year-wise premiums payable and benefits under the policy, at two assumed rates of
interest i.e., 8% p.a. and 4% p.a.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on
life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table
on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future
investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits
of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

Policy Details
Income Benefit
Early Income Wealth Annually
Frequency
Goal Protection
Premium Allocation 50% 50% No
Benefit
Accumulate Income
Benefit Sum Assured* 1,90,145 3,03,295 No
Benefits
Income Period 30 NA
Cash Bonus, Simple Revisionary Bonus and
Sum Assured on Death (at Bonus Type
11,00,000 Terminal Bonus
inception of policy)

*Benefit Sum Assured will be used for calculating Guaranteed Income and declaring Bonuses, and will not be payable on Maturity or
Death.

Premium Summary
Base Plan Riders Total Instalment Premium
Instalment Premium without GST (including
98,000 0 98,000
2.00% discount in 1st year)
Instalment Premium without GST(2nd year) 1,00,000 0 1,00,000

Instalment Premium with First Year GST 1,02,410 0 1,02,410

Instalment Premium with GST 2 nd year

1,02,250 0 1,02,250
Onwards

(Amount in Rupees)

o.x.x.x.x
------ - -
Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit@ 4% p.a. Non Guaranteed Benefit@ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annualized Accrued Accrued Survival and Survival and Death Death
Guaranteed Special Guaranteed Special Surrender Surrender
Policy Premium Survival Death Maturity Simple Cash Simple Cash Maturity Benefit Maturity Benefit Benefit incl Benefit incl
Surrender Surrender Surrender Surrender Value Value
Year Benefit Benefit Benefit Reversionary Bonus Reversionary Bonus incl TB (if any) incl TB (if any) TB (if any) TB (if any)
(Exel of Value (GSV) Value {SSV) Value (GSV) Value {SSV) @4% @8%
Bonus Bonus @4% @8% @4% @8%

m
GSIJ

ll!llllllllllllllll
2 1,00,000 7,606 11,00,000 0 5,459 1,901 41,415 47,729 13,648 11,409 31,074 49,053 59,545 60,190 9,507 19,015 11,02,730 11,06,824
3 1,00,000 7,606 11,00,000 0 8,189 1,901 77,181 74,591 20,472 11,409 54,257 76,709 98,016 99,070 9,507 19,015 11,05,459 11,13,648
4 1,00,000 7,606 11,00,000 0 10,919 1,901 1,62,993 1,03,722 27,297 11,409 1,26,497 1,06,733 1,62,993 1,63,931 9,507 19,015 11,08,189 11,20,472
5 1,00,000 7,606 11,00,000 0 13,648 1,901 2,03,858 1,35,340 34,121 11,409 1,58,413 1,39,354 2,05,285 2,07,376 9,507 19,015 11,10,919 11,27,297
6 1,00,000 7,606 11,00,000 0 16,378 1,901 2,44,782 1,69,680 40,945 11,409 1,90,476 2,75,728 2,49,276 2,75,728 9,507 19,015 11,13,648 11,34,121
7 1,00,000 7,606 11,00,000 0 19,108 1,901 2,85,772 2,06,993 47,769 11,409 2,22,706 3,70,668 2,94,476 3,70,668 9,507 19,015 11,16,378 11,40,945
8 1,00,000 7,606 11,00,000 0 21,837 1,901 3,34,838 2,47,542 54,593 11,409 2,63,125 4,83,486 3,44,994 4,83,486 9,507 19,015 11,19,108 11,47,769
9 1,00,000 7,606 11,00,000 0 24,567 1,901 3,94,989 2,91,606 61,417 11,409 3,14,755 6,16,556 4,02,449 6,16,556 9,507 19,015 11,21,837 11,54,593
10 1,00,000 7,606 11,00,000 0 27,297 1,901 4,59,234 3,80,101 68,241 11,409 3,70,621 7,81,247 5,04,078 7,81,247 9,507 19,015 11,24,567 11,61,417
11 0 7,606 11,00,000 0 30,026 1,901 4,60,585 3,98,496 75,066 11,409 3,63,753 8,72,599 5,17,427 8,72,599 9,507 19,015 11,27,297 11,68,241
12 0 7,606 11,00,000 0 32,756 1,901 4,72,055 4,18,061 81,890 11,409 3,67,181 9,22,366 5,36,343 9,22,366 9,507 19,015 11,30,026 11,75,066
13 0 7,606 11,00,000 0 35,486 1,901 4,83,659 4,38,882 88,714 11,409 3,70,944 9,76,332 5,55,876 9,76,332 9,507 19,015 11,32,756 11,99,598
14 0 7,606 11,00,000 0 38,215 1,901 4,95,413 4,61,049 95,538 11,409 3,75,083 10,34,654 5,76,074 10,34,654 9,507 19,015 11,35,486 12,51,493
15 0 7,606 11,00,000 0 40,945 1,901 4,97,337 4,84,681 1,02,362 11,409 3,69,648 10,97,651 5,92,002 10,97,651 9,507 19,015 11,38,215 13,07,580
16 0 7,606 11,00,000 0 43,674 1,901 5,09,455 5,09,908 1,09,186 11,409 3,74,695 11,65,950 6,13,732 11,65,950 9,507 19,015 11,40,945 13,68,511
17 0 7,606 11,00,000 0 46,404 1,901 5,21,792 5,36,882 1,16,010 11,409 3,80,291 12,39,092 6,36,349 12,39,092 9,507 19,015 11,43,674 14,33,923
18 0 7,606 11,00,000 0 49,134 1,901 5,34,380 5,65,771 1,22,834 11,409 3,86,514 13,18,642 6,59,946 13,18,642 9,507 19,015 11,46,404 15,04,860
19 0 7,606 11,00,000 0 51,863 1,901 5,37,254 5,96,764 1,29,659 11,409 3,94,729 14,04,152 6,79,633 14,04,152 9,507 19,015 11,49,134 15,81,355
20 0 7,606 11,00,000 0 54,593 1,901 5,50,456 6,30,071 1,36,483 11,409 4,11,502 14,96,291 7,05,528 14,96,291 9,507 19,015 11,51,863 16,63,941
21 0 7,606 11,00,000 0 57,323 1,901 5,64,034 6,65,915 1,43,307 11,409 4,29,215 15,96,147 7,32,764 15,96,147 9,507 19,015 11,54,593 17,53,163
22 0 7,606 11,00,000 0 60,052 1,901 5,78,042 7,04,549 1,50,131 11,409 4,48,005 17,04,331 7,61,491 17,04,331 9,507 19,015 11,57,323 18,50,262
23 0 7,606 11,00,000 0 62,782 1,901 5,82,545 7,46,243 1,56,955 11,409 4,63,031 18,20,663 7,86,872 18,20,663 9,507 19,015 11,60,052 19,54,520
24 0 7,606 11,00,000 0 65,512 1,901 5,97,617 7,91,306 1,63,779 11,409 4,84,477 19,46,844 8,19,098 19,46,844 9,507 19,015 11,62,782 20,67,922
25 0 7,606 11,00,000 0 68,241 1,901 6,13,342 8,40,075 1,70,603 11,409 5,07,557 20,83,927 8,53,378 20,83,927 9,507 19,015 11,65,512 21,90,445
26 0 7,606 11,00,000 0 70,971 1,901 6,29,820 8,92,937 1,77,428 11,409 5,32,521 22,51,889 8,92,937 22,51,889 9,507 19,015 11,68,241 23,39,336
27 0 7,606 11,00,000 0 73,701 1,901 6,37,169 9,50,335 1,84,252 11,409 5,54,663 24,34,781 9,50,335 24,34,781 9,507 19,015 11,70,971 25,01,678
28 0 7,606 11,00,000 0 76,430 1,901 6,55,528 10,12,779 1,91,076 11,409 5,84,327 26,33,766 10,12,779 26,33,766 9,507 19,015 11,73,701 26,78,444
29 0 7,606 11,00,000 0 79,160 1,901 6,95,060 10,80,868 1,97,900 11,409 6,26,926 28,49,779 10,80,868 28,49,779 9,507 19,015 11,76,430 28,69,796
30 0 7,606 11,00,000 10,72,745 81,890 1,901 0 0 2,04,724 11,409 0 0 0 0 11,64,142 32,05,644 11,79,635 31,86,629

There are multiple product options in the product. I understand that returns vary under each option. I have made choice of investing in more
than one product option considering my need and understanding the benefit under each option.
Notes: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if
any, and Goods & Service Tax. Refer Sales literature for explanation of terms used in this illustration.
1. The above benefit illustration demonstrates premium paid at the beginning of the year and all the benefits (other than cash bonus and
guaranteed Income) are paid out at the end of year. Cash Bonus and Guaranteed Income will be paid as per the timing of payout opted by the
customer.

2. The Survival Benefits are payable during the policy year when they are due as per the frequency. Upon payment at Maturity (Last Payout),
the policy terminates, and no further benefits become payable. The Maturity benefit will be the sum of Sum Assured on Maturity plus
Accumulated Income benefits, if not paid earlier, plus Terminal Bonus (if declared).

3. The surrender value payable will be higher of Guaranteed Surrender Value or Special Surrender Value (including any Terminal Bonus
payable, if declared) and is illustrated under 'Total Surrender Benefit' columns.

4. Surrender value illustrated above is end of the policy year value. The Special Surrender Value (SSV) displayed above are not guaranteed and
only indicative. The Company shall comply with prevailing guidelines w.r.t SSV issued by I RDAI from time to time. Upon payment of surrender
benefit, the policy terminates, and no further benefit becomes payable.
5. The death benefits shown above are at the end of the year. Upon payment of death benefit the policy terminates and no further benefit is
payable. Not Applicable for Policies with Goal Protection Benefit.
6. Income Tax benefits would be available as per the prevailing income tax laws.

7. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

8. RB - Reversionary Bonus, TB - Terminal Bonus

9. On payment at Maturity (Last Payout), the policy terminates and no further benefits become payable.

1, ..................... (name), have explained the premiums, charges and I......... Valued Customer......... (name), having received the information
benefits under the policy fully to the prospect/policyholder. with respect to the 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