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Charges Under the Plan No surrender charge will be applied on units in respect of Top-up Contact Details
premium.
The policy will terminate on occurrence of any one of the following: • Miscellaneous Charge: Rs.100/- per transaction would be charged
Bajaj Allianz Life Insurance Company Limited,
If any due regular premium is not paid within the grace period in the first Given below are the details of the various charges that will be recovered
three policy years, the policy shall immediately lapse for the insurance a) The units in the policy are fully surrendered. from the plan to meet expenses. in respect of revival of the Policy, alteration of the mode of payment G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.
cover including additional rider benefits, if any. However, during the b) The fund value in respect of regular premium less surrender • Policy Administration Charge: Rs. 29 per month for the first five of Regular Premium or for issuance of a copy Policy Document. Tel: (020) 6602 6777. Fax: (020) 6602 6789.
charge, if any, falls to an amount equivalent to one annual premium • Rider Premium Charges : These are charged through cancellation Life
period of lapsation, the policy shall continue to participate in the years and Rs.26.80 per month (charged monthly through cancellation of
investment performance of the underlying funds, subject to deduction provided regular premiums have been paid for 3 full years. units) thereafter inflating at 5% every policy anniversary.
of units on a monthly basis if the policyholder opts for the additional SMS LIFE Individual
c) The death of the Life Assured. rider benefits.
of all charges except mortality charge and rider premium charges, if any. • Fund Management Charge: 1.35% p.a. for Pure Stock Fund, Equity
d) On maturity, unless the policyholder has not opted for Settlement All the charges, except the surrender charge, will be subject to any
Growth Fund II and Accelerator Mid-Cap Fund II, 1.25% p.a. for the For any queries please contact the numbers mentioned below:
Option. applicable Service tax.
You may revive the policy within a revival period of two years from the Equity Index Fund II and Asset Allocation Fund, and 0.95% p.a. for
e) The expiry of the period for the Settlement Option.
due date of first unpaid regular premium subject to recovery of any due f) For lapsed policies, at the expiry of the revival period or at the end of Bond Fund and Liquid Fund. Revision of charges
but un-recovered charges except mortality charge and rider premium the third policy year , whichever is later. • Switching Charges: Nil, this policy offers unlimited free switches.
charge, if any, from the due date of first unpaid premium, failing which g) The fund value becomes inadequate to support the deduction of • Premium Allocation Charge : A certain percentage of each regular After taking due approval from the Insurance Regulatory and
the policy shall be terminated at the expiry of the revival period or at the applicable charges. premium will be allocated to your account at the prevailing unit Development Authority, the Company reserves the right to revise the
end of the third policy year, whichever is later and the fund value as on h) Upon complete withdrawal of outstanding units during settlement price. This is called the Premium Allocation Rate. Balance is taken as above mentioned charges.
date of termination less surrender charge shall be paid. period, Premium Allocation Charge. The Premium Allocation Rates are as The Company will give a notice of three months to the policyholders for Why Bajaj Allianz Life Insurance?
On the occurrence of (a) and (b) above, the value of the units, if any, per the table below: any changes in charges. The Policyholder/Life Assured who does not Bajaj Allianz Life Insurance Company Limited is a union between Allianz AG, the world's leading
Premium Allocation Rate agree with the modified charges shall be allowed to withdraw the units insurer and Bajaj FinServ, one of India's most respected names. Allianz AG is a leading insurance
If all the due regular premiums have been paid for at least first three would be paid to the life assured/policyholder upon such termination. In conglomerate globally and the largest asset manager in the world. At Bajaj Allianz, we realize that
consecutive years and subsequent premiums are unpaid, you will be case of (c), death benefit will be paid as mentioned separately herein. In Policy year 1 Policy year 2 &3 Policy year 4 to 9 Policy year 10 onwards in the plans at the then prevailing unit value and terminate the Policy. you seek an insurer you can trust your hard earned money with. Allianz AG has more than 110 years
of financial experience in over 70 countries and Bajaj FinServ as part of Bajaj Auto, trusted for over
given an opportunity to revive the policy within two years from the due case of (d), the value of the units, if any is paid to the life 48% 97% 100% 102%
55 years in the Indian market, are committed to offering you financial solutions that provide all the
date of first unpaid premium. During this limited period of revival, the assured/policyholder on maturity. Premium allocation rate for top up premiums : 98%. Risks of Investment in the Units of the Plan: security you need for your family and yourself.
policy shall continue for full insurance cover including additional rider • Mortality Charges: The mortality charge would vary according to The Proposer/Life Assured is aware that the investment in the Units is At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering
you customized products with transparent benefits supported by the best technology is our business
benefits, if any, levying all appropriate charges at the prevailing unit price Fund Access – Loans the gender and attained age of the life assured at the time of subject to the following, amongst other risks and agrees that he is philosophy.
deduction of the charge. This charge would be recovered through making the investment in the Units with full knowledge of the same. This product brochure gives the salient features of the plan only. The policy document is the
till the fund value in respect of regular premium less surrender charge, if conclusive evidence of the contract, and provides in detail all the conditions, exclusions related to
Loan facility is not available under this policy. cancellation of units on a monthly basis and would be applied on
? Unit Linked Life Insurance products are different from the
any, does not fall to an amount equivalent to one annual premium across the “Bajaj Allianz New FamilyGain II ” Plan.
Sum at Risk which is equal to sum assured less fund value. Sample traditional insurance products and are subject to the risk factors. SECTION 45
all the funds. No Policy of life insurance effected after the coming into force of this Act shall, after the expiry of two
Free Look Period ? The premium paid in unit linked life insurance policies are subject
Standard Mortality Charges per annum per ‘000 Sum at Risk for years from the date on which it was effected, be called in question by an insurer on the ground that a
to investment risks associated with capital markets and the Unit statement made in the proposal for insurance or in any report of a medical officer, or referee, or
At the end of two years i.e. period of revival, if the contract is not revived, male lives are given in the table below:
Within 15 days from the date of receipt of the policy, you have the option Price of the units may go up or down based on the performance of friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or
You can opt to continue the policy with full insurance cover including Age 20 30 40 50 false, unless the insurer shows that such statement was on a material matter or suppressed facts
to review the terms and conditions and return the policy, if you disagree the fund and factors influencing the capital market and the which it was material to disclose and that it was fraudulently made by the policy-holder and that the
additional rider benefits, if any, subject to deduction of all charges till the Mortality Charge 1.57 1.74 2.82 6.53
to any of the terms & conditions, stating the reasons for your objections. insured/policyholder is responsible for his/her decisions. policy holder knew at the time of making it that the statement was false or that it suppressed facts
fund value in respect of regular premium less surrender charge, if any, • Surrender Charge: ? Bajaj Allianz Life Insurance is only the name of the insurance which it was material to disclose.
You will be entitled to a refund of the premium paid, subject only to a Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states:
does not fall to an amount equivalent to one annual premium across all Surrender charge is applicable only in the first five policy years. company and Bajaj Allianz New FamilyGain II is only the name of the No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to
deduction of a proportionate risk premium for the period on cover and
the funds. If premium for first 3 years is not paid then the surrender charge policy and does not in any way indicate the quality of the policy, its take out or renew or continue an insurance in respect of any kind of risk relating to lives or property
the expenses incurred on medical examination and stamp duty charges. in India, any rebate of the whole or part of the commission payable or any rebate of the premium
would be 48% of the first year annualised premium, future prospects or returns. shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any
The refund paid to you will also be reduced or increased (as applicable)
When the fund value in respect of regular premium less surrender Otherwise the surrender charge as a percentage of First Year’s ? Please know the associated risks and the applicable charges from rebate, except such rebate as may be allowed in accordance with the published prospectuses or
BJAZ-B-0159/18-Dec-09.
by the amount of any reduction or increase in the fund value, if any, due tables of the insurer.
charge, if any, falls to an amount equivalent to one annual premium or Annualised Premium would be as follows: your policy document or by consulting the Company, your For More Information: For more details, kindly consult our specialised Insurance Consultant or call
to a fall or rise in the unit price between the date of allocation and
you do not opt to continue the policy after the revival period, the policy Policy Surrender Charge (if premium for first 3 yrs are paid) Insurance agent or your Insurance intermediary. us today on the numbers mentioned above.
redemption of units (without reference to any premium allocation rate ? Pure Stock Fund, Equity Index Fund II, Bond Fund, Asset Allocation This brochure should be read in conjunction with the Benefit Illustration and Policy Exclusions.
shall be terminated by paying the fund value as on date of termination Year Month
or charges). Fund, Accelerator Mid-Cap Fund II, Equity Growth Fund II and Liquid Please ask for the same along with the quotation.
less surrender charge, if any. 1 2 3 4 5 6
1 - - - - - - Fund are the names of the funds offered currently with Bajaj Allianz
Tax Benefits Bajaj Allianz New Family Gain (UIN) : 116A083V01
Days of Grace 2 - - - - - - New FamilyGain II, and in any manner do not indicate the quality of
the respective funds, their future prospects or returns. UL ADB (UIN) : 116A013V01
Premiums paid and benefits received will be eligible for tax benefits as 3 - - - - - -
New Family Gain II