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Smart Protection Goal: Bajaj Allianz Life
Smart Protection Goal: Bajaj Allianz Life
Planning your Life Goals is just the start, securing them against eventualities is the next step with Bajaj Allianz Life Smart Protection Goal,
Type of the Plan an affordable term plan with numerous options
Bajaj Allianz Life Smart Protection Goal is an individual, life, non-participating, non-Linked, limited/regular premium payment, savings
Aim of the policy (ROP) and pure risk term cover plan, providing protection
Life Cover- Life Cover amount i.e. the Sum Assured is payable on death of the Life Assured
If you have chosen any of the below option the benefit payable will be as mentioned below –
ROP – On maturity date, Return of Premium as Maturity Benefit is payable
CIB –
In case of diagnosis of any of the listed 55 Critical Illnesses, CI sum assured is payable
For Minor stage CI other than Angioplasty, 25% of the CIB will be payable
For Angioplasty, lower of 5 lakhs or 25% of CIB, will be payable
Benefits under
For Major CI, 100% of CI sum assured will be payable
the policy
The total claims paid under Minor and Major stage CI will not be more than 100% of CI sum assured.
Whole of Life – Life Cover up to age 99 years.
This option is only available when limited premium payment option is chosen.
Note-
Critical Illness Benefit- CIB
Premium The premium payment term chosen by you is the basis on which Benefit Illustration has been drawn and shall also be mentioned in
Payment Term the Policy Schedule
For Regular Premium or Limited Premium payment option without ROP: If any premium is not paid before the end of the grace
period, then no benefit under the policy will be payable
For Regular Premium or Limited Premium payment option with ROP:
Non- payment a) If at least two (2) full years' premiums are not paid under a policy, then no benefit will be payable under the policy.
of premium
b) If at least two (2) full years' premiums under a policy are paid and subsequent premiums are not paid, then, the policy will be,
immediately & automatically, converted to a paid-up policy at the expiry of the grace period.
Note: For detailed conditions, refer Sales Literature.
You may revive your lapsed policy during the revival period of five (5) years from the due date of first unpaid premium, subject to
Revival the revival conditions under the policy
If the life assured commits suicide, within 12 months from the date of commencement of risk or the date of latest revival of the
Suicide Claim policy, whichever is later, the higher of 80% of the total premiums paid or the surrender value as on the date of death will be paid as
Provisions death benefit, provided the policy is in force.
a) The risk cover under the Policy and/or CI Benefit shall, immediately and automatically, terminate on the occurrence of any of the
following events:
i) On the date of death of the Life Assured
ii) On the Maturity Date of the Policy
iii) On payment of the full CI Sum Assured .
iv) On the cessation of CI Cover Term
Termination b) This Policy shall, immediately and automatically, terminate on the earliest occurrence of any of the following events:
i) On the expiry of the Revival Period for lapsed policies.
ii) On the payment of Death Benefit.
iii) On the payment of Maturity Benefit
iv) On payment of the refund on Free look cancellation (as per Section 5 above)
v) On payment of Surrender Value.
You will have a free look period of fifteen (15) days from the date of receipt of the Policy Document and period of thirty (30) days in
case of electronic policies and policies obtained through distance mode, to review the terms and conditions of the Policy and if you
Free Look disagree to any of those terms or conditions, you have an option to return the Policy for cancellation, stating the reasons for
Cancelation objection, then you shall be entitled to a refund of the premium paid subject only to a deduction of a proportionate risk premium for
the period of cover and the expenses incurred on medical examination and stamp duty charges.
Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006., IRDAI Reg No.: 116, Visit us:
www.bajajallianzlife.com
Contact us
BALIC CIN : U66010PN2001PLC015959, Mail us : customercare@bajajallianz.co.in, Call on : Toll free no. 1800 209 7272, Fax No: 020-
66026789
Don'ts
Do not sign any blank proposal form
Do not leave any column blank in the proposal form
Do not conceal any facts as this could lead to dispute at the time of a claim
Do not miss or delay your premium payment
Do not rely on any commitments of any additional benefits made by anyone apart from what has been highlighted herein above.
Disclaimer - This document contains the highlights of the product Bajaj Allianz Life Smart Protection Goal (UIN:116N174V01) and is subject to the terms and conditions as contained in the
policy document. The terms and conditions as contained in the policy document shall govern the contractual relationship and shall be binding. For details on any of the matters highlighted
herein above, please refer to policy document upon receipt of the same by you. The standard terms and conditions of the product is also available on the Company website (at
www.bajajallianzlife.com)
Policy Details
Sum Assured (Rs.) 1,50,00,000
Sum Assured on Death (at inception of the policy)(Rs.) 1,50,00,000
Maturity Benefit (Rs.) 0
Premium Summary
Particulars Base Plan Critical Illness Total Installment Premium
Benefit
Installment Premium (Including Premium for Add-ons) without GST 23,537 0 23,537
Salary Rebate, If available 1,177 0 1,177
Insurance for All Discount, If available 0 0 0
Vaccination Discount, If available 0 0 0
Installment Premium without GST after discounts, if applicable 22,360 0 22,360
Installment Premium with GST after discounts, if applicable (First Year only) 26,385 0 26,385
Installment Premium with GST 2nd Year Onwards 27,774 0 27,774
Guaranteed Non-Guaranteed
Policy Annualised
Year Premium Survival Maturity Death Min. Guaranteed Surrender Value Special Surrender Value Surrender Value
Benefits Benefit Benefit (GSV) (SSV) Receivable
1 22,360 0 0 1,50,00,000 0 0 0
2 23,537 0 0 1,50,00,000 0 0 0
3 23,537 0 0 1,50,00,000 0 0 0
4 23,537 0 0 1,50,00,000 0 0 0
5 23,537 0 0 1,50,00,000 0 0 0
6 23,537 0 0 1,50,00,000 0 0 0
7 23,537 0 0 1,50,00,000 0 0 0
8 23,537 0 0 1,50,00,000 0 0 0
9 23,537 0 0 1,50,00,000 0 0 0
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Quotation No : 60034907826
Guaranteed Non-Guaranteed
Policy Annualised
Year Premium Survival Maturity Death Min. Guaranteed Surrender Value Special Surrender Value Surrender Value
Benefits Benefit Benefit (GSV) (SSV) Receivable
10 23,537 0 0 1,50,00,000 39,520 79,040 79,040
11 0 0 0 1,50,00,000 36,929 73,859 73,859
12 0 0 0 1,50,00,000 34,426 68,853 68,853
13 0 0 0 1,50,00,000 32,011 64,023 64,023
14 0 0 0 1,50,00,000 29,684 59,368 59,368
15 0 0 0 1,50,00,000 27,445 54,889 54,889
16 0 0 0 1,50,00,000 25,293 50,586 50,586
17 0 0 0 1,50,00,000 23,229 46,458 46,458
18 0 0 0 1,50,00,000 21,253 42,506 42,506
19 0 0 0 1,50,00,000 19,365 38,730 38,730
20 0 0 0 1,50,00,000 17,565 35,129 35,129
21 0 0 0 1,50,00,000 15,852 31,704 31,704
22 0 0 0 1,50,00,000 14,227 28,455 28,455
23 0 0 0 1,50,00,000 12,690 25,381 25,381
24 0 0 0 1,50,00,000 11,241 22,483 22,483
25 0 0 0 1,50,00,000 9,880 19,760 19,760
26 0 0 0 1,50,00,000 8,607 17,213 17,213
27 0 0 0 1,50,00,000 7,421 14,842 14,842
28 0 0 0 1,50,00,000 6,323 12,646 12,646
29 0 0 0 1,50,00,000 5,313 10,627 10,627
30 0 0 0 1,50,00,000 4,391 8,782 8,782
31 0 0 0 1,50,00,000 3,557 7,114 7,114
32 0 0 0 1,50,00,000 2,810 5,621 5,621
33 0 0 0 1,50,00,000 2,152 4,303 4,303
34 0 0 0 1,50,00,000 1,581 3,162 3,162
35 0 0 0 1,50,00,000 1,098 2,196 2,196
36 0 0 0 1,50,00,000 703 1,405 1,405
37 0 0 0 1,50,00,000 395 790 790
38 0 0 0 1,50,00,000 176 351 351
39 0 0 0 1,50,00,000 44 88 88
40 0 0 0 1,50,00,000 0 0 0
Place:
Date: Signature of Agent/ Intermediary/ Official Date: Signature of Prospect / Policyholder
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Quotation No : 60034907826