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Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company Limited
It is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both
enjoy a reputation of expertise, stability and strength.
Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd
May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an
authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by
Allianz, SE.
As on 31st March 2015 Bajaj Allianz maintained its premier position in the industry by achieving growth as well as
profitability. Bajaj Allianz has made a profit before tax of Rs. 777 crores and has become the only private insurer to
cross the Rs.100 crore mark in profit before tax in the last two years. The profit after tax was Rs.562 crores, 39%
higher than the previous year.
Our Achievements
Bajaj Allianz has received iAAA rating, from ICRA Limited, an associate of Moody's Investors Service for seven
consecutive years. This rating indicates highest claims paying ability and a fundamentally strong position.
Bajaj Allianz General Insurance was adjudged as the "Best General Insurance Company in Asia" by Asia
Insurance Industry Awards 2014. The award was bestowed on the company for its outstanding customer service
levels, innovations in the field of insurance, and sound financial management which resulted in consistent profitability
over the years. The Company was also conferred the 'Insurer Claims Team of the year' by Claims Awards
Asia 2014. Bajaj Allianz was recognized as the 'Best Insurance Company of the Year' by ABP News BFSI
awards 2015. The company was awarded 'General Insurance Provider of the Year' by Money Today
FDCIL awards 2014.
For the third time in a row, the company was awarded the Allianz Global Innovation Awards 2015 for
Excellence in Employee Business, and was also recognized as a Legend in the BFSI Industry by Brand Vision
India 2020 Awards. Bajaj Allianz General Insurance was conferred the Brand Excellence Award in Non-Life
Insurance (Private Sector) by ABP News Brand Excellence Award 2014 and the Golden Peacock Award
2014 in the category of Innovative Products and Service
Certificate of Appreciation from the Karnataka High Court National Lok Adalat
Bajaj Allianz General Insurance has been awarded the Certificate of Appreciation by the
Karnataka High Court, for excellence in claims servicing in the field of motor third party
claims. The company is the first in the industry to be felicitated by a High Court, for
settling the maximum number of claims at the Lok Adalat.
to provide the best claim service to the customers. The prestigious award champions
the leaders of General Insurance claims and risk management sectors across Asia.
recognizes the Asian general insurance claims and risk management sectors by
rewarding the dedicated teams and individuals for their achievements over the last 12
months.
Life insurance
Bajaj Allianz Term Insurance Plans
he sole object of a term insurance policy is to protect the customer's family from the financial implications of
unfortunate circumstances that one cannot foresee.
These term insurance plans are pure risk cover plans with or without maturity benefit. These pure risk plans cover
your life at a nominal cost and you may want to take this term insurance plan to cover your outstanding debts like a
mortgage, a home loan etc.
Step
Step
Step
Step
1
2
3
4
"Non-Smoker1" or "Smoker1"
Your term insurance premium will be based on your current age(s), sum assured(s), lifestyle category (if applicable),
policy term and premium payment frequency.
In case of unfortunate demise, the dependents will receive the death benefit as promised by the term insurance
company.
This categorization is available for sum assureds of Rs.20,00,000 & above and subject to medical examination/tests
as decided by the term insurance company.
A Non-smoker who has no abnormalities in his medical examination/tests or family/personal history; has no risky
avocation and does not have a risky occupation, as decided by the Company, is classified as a Preferred NonSmoker.
Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act
Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
Subject to the provision stated therein.
Death Benefit
A. Individual Life
In case of unfortunate death of life assured during the policy term, provided all premiums are paid up to
date, the benefit will be Sum Assured
The policy cover will terminate immediately on death of the life assured
B. Joint Life
The death benefit is payable on death of each life, provided the policy is in-force. The benefit payable will be
Sum Assured
On death of any one of the life assureds, the term insurance policy will automatically continue on the
surviving life assured with a reduced premium. The reduced premium will be based on the age, lifestyle category (if
applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the
inception of the policy
This term insurance policy cover will terminate immediately on death of the surviving life assured
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Sum
Assured
Eligibility
18 years
60 years
Rs.250,000
for
general
category
and
Rs.20,00,000 for the categories split by Preferred Non-Smoker 1 , Non-
Parameter
Eligibility
Smoker1 & Smoker
Maximum Sum
Assured
Policy Term
No Limit
10, 15, 20, 25 & 30 years
Sum Assured
HalfYearly
Rs.1000 Rs.500
Yearly
Minimum Installment
Less than Rs.2,000,000
Premium
Greater than or equal to
Rs.3000 Rs.1500
Rs.2,000,000
Minimum Maturity
28 years
Age
Maximum Maturity
70 years
Age
Quarterly Monthly*
Rs.250
Rs.100
Rs.750
Rs.250
iSecure More
SA Band
500,000 to 999,999
1,000,000 to 1,999,999
2,000,000 to 4,999,999
5,000,000 & above
The premium rate for joint life will be arrived at by allowing rebate on the total of the gross
premium# applicable to the individual lives. The joint life rebate (JLR) for joint life is as below
Age of Older Life Assured
JLR as % of the total Gross Premium#
applicable to the individual lives
< = 40
5%
41 to 50
> = 51
3%
1%
Parameter
Eligibility
Minimum Entry Age 18 years
Maximum Entry
60 years
Age
Minimum Sum
Rs. 2,50,000
Assured
Maximum Sum
No Limit (subject to the Sum Assured multiples)
Assured
Policy Term
10, 15, 20 & 25 years
Rs. 1,500 per yearly installment
Rs. 750 per half-yearly installment
Rs. 400 per quarterly installment
Minimum
Rs. 150 for monthly installment*
Installment
Premium
*Monthly premium payment frequency will be available under salary
deduction scheme & ECS. It will not be available at the inception of the
policy.
Minimum Maturity
28 years
Age
Maximum Maturity
70 years
Age
Carefully Select
Sum Assured Multiples
Sum Assured can be chosen in specific multiples only (as stated below):
Sum Assured Band
Multiple
Rs. 50,000
Rs. 1,00,000
Rs. 5,00,000
Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income
Tax Act
Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the
Income Tax Act.
Life Secure
Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:
o
o
o
Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:
Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65
years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.
On death during the policy term, after critical illness benefit has been paid: the remaining
Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum
If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.
For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured
For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured
Coverage
Option
Details
25 years
Policy Term
5, 7, 10 and 15 years
Minimum Premium
Installment
Yearly
s
Rs
HalfYearly
36,720 18,727
Quarterl
Monthly
y
9,547
3,305
Maximum Premium
No limit
Rs. 20,00,000
No limit
Sum Assured has to be opted in multiples of Rs.
Parameter
Details
50,000
Premium Payment
Frequency
Life Secure
Bajaj Allianz Life Secure- Assuring you protection for a lifetime.
We all wish for protection at all stages of our life, but most of the time achieving this through-out our life is very
difficult.
Helping you with a solution, we at Bajaj Allianz Life Insurance present Bajaj Allianz Life Secure - a unique term
insurance plan that provides you complete protection till your 100th birthday, so that you can live worry-free for a
lifetime.
Key Advantages
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical
illness cover, depending on your choice. The key advantages of this plan are:
Benefits Payable
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:
Assured on Death plus an additional Sum Assured subject to maximum of Rs. 2 crores, will be paid and the
policy will terminate.
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
On occurrence of first Critical Illness on the life of the life assured before attaining age 65
years and during the first 30 years of the policy: 50% of Sum Assured on Death, subject to maximum of Rs. 50
lacs, will be paid and all future premiums due under your policy, if any, will be waived. Policy will remain in-force
for death benefit for the remaining Sum Assured on Death. No benefit is payable with respect to any future
critical illness on the life of the life assured.
On death during the policy term, after critical illness benefit has been paid: the remaining
o
o
Sum Assured on Death will be paid and the policy will terminate.
On death during the policy term, before any critical illness benefit has been paid: Sum
Assured on Death will be paid and the policy will terminate.
If death benefit has not been paid before the life assured attains age 100 years, the below mentioned benefit
If critical illness benefit has been paid, Sum Assured Minus Amount of critical illness benefit paid.
For age at entry less than 45 years, higher of (i) 10 times Annualised Premium*, (ii) 105% of total premiums
paid till date of death or (iii) Sum Assured
For age at entry 45 years & above, higher of (i) 7 times Annualised Premium*, (ii) 105% of total premiums*
paid till date of death or (iii) Sum Assured
Policy Features
Features
High Sum Assured Rebate (HSAR)
The plan offers an attractive premium discount based on Coverage Option, chosen Sum Assured,
Age and Premium Paying Term (PPT). A discount will be available on the annual premium for
each complete additional Rs. 1,00,000 Sum Assured purchased over and above the minimum
Sum Assured of Rs. 20,00,000 as mentioned in the table below:
Coverage
Option
II
III
Coverage
Option
PPT (years)
10
15
Below age 45
Rs. 152
Rs. 115
Rs. 90
Rs. 71
Rs. 113
Rs. 88
Rs. 70
Rs. 56
Tax Benefits
Premium paid are eligible for tax benefits under section 80C of the Income Tax Act. Death,
accidental death, critical illness and surrender benefits are eligible for tax benefits under Section
10(10D) of the Income Tax Act, subject to the provision stated therein.
Surrender Benefit
You will have the option to surrender your policy provided at least
o
First two full years' premiums have been paid if the PPT under your
policy is less than 10 years or
First three full years' premiums have been paid if the PPT under your
policy is 10 or more years
The surrender value payable will be the higher of the guaranteed surrender
value (GSV) or the special surrender value (SSV).
Details
25 years
Parameter
Details
Policy Term
5, 7, 10 and 15 years
Minimum Premium
Installment Yearl
s
y
HalfYearly
Rs
18,727
36,720
Quarterl Monthl
y
y
9,547
3,305
Maximum Premium
No limit
Rs. 20,00,000
No limit
Sum Assured has to be opted in multiples of Rs.
50,000
Premium Payment
Frequency
LifeStyle Secure
We are all used to a certain lifestyle. But life is full of uncertainties, and unfortunate events that can leave you unable
to support your family financially, the way you had planned. It's a scary thought not being able to secure your family's
current lifestyle (and needs) in the future.
Providing a solution, we present Bajaj Allianz LifeStyle Secure - a risk cover (term assurance & terminal illness cover)
plan that assures financial protection to your family, so they have the security of maintaining their current lifestyle and
you, the smile of a worry-free life.
Key Advantages
Bajaj Allianz LifeStyle Secure is a non-linked, non-participating regular premium payment insurance plan that
provides level cover term assurance or terminal illness benefit. The key advantages of this plan are:
Benefits Payable
Death & Terminal Illness
If all due premiums are paid under the policy, then, in case of unfortunate death or Terminal Illness (TI) of the life
assured, whichever is earlier, the nominee/claimant will receive the Sum Assured in equated monthly installments as
per the table below:
Policy Term (in years)
10
15
20
60
84
120
180
240
Maturity
No maturity benefit shall be payable on survival till the end of the policy term.
Surrender
No surrender benefit is payable under the Policy.
Additional Features
High Sum Assured Rebate
The plan offers an attractive premium discount structure, where you can have a discount on the annual premium for
each complete additional Rs. 1,000 Sum Assured purchased over and above the minimum Sum Assured of
Rs.3,00,000 is Rs. 2.75.
Tax Benefits
Premium paid are eligible for tax benefit under Section 80C of the Income Tax Act and death benefit is eligible for tax
benefit under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant before claiming any benefit under the policy.
Eligibility
Parameter
Minimum Entry Age
18 years
Maximum Entry Age
50 years
Minimum Age at Maturity 23 years
Eligibility
Parameter
Maximum Age at Maturity 60 years
Policy Term
5/ 7/ 10/ 15/ 20 years
Premium Payment
Yearly, Half yearly, Quarterly and Monthly
Frequency
HalfMode
Yearly
Yearly
Minimum Premium (in
Premium
1,466 748
Rs.)
Maximum Premium (in
20,458 10,434
Rs.)
Minimum Sum Assured
Rs. 3,00,000
Maximum Sum Assured Rs. 15,00,000
Quarterly Monthly
381
132
5,319
1,841
Savings Plans
At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of insurance-cum-saving
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz Life Insurance, you can make your dreams come true by creating an effective savings plan, which
will protect you against unexpected hardship
Save Assure
We always feel good to get more than what we expect, and even more when it's "guaranteed"*. Presenting "Bajaj
Allianz Save Assure" - a traditional endowment plan that not only secures you and your family but also guarantees
115% of your sum assured. Living worry free is now guaranteed
Key Features
Bajaj Allianz Save Assure is a Limited Premium Payment, Non-Participating, Non Linked, Individual Endowment Plan.
The key features are:
More value for money with high Sum Assured rebate on premium.
Learn More
Am I Eligible?
Eligibility
Parameter
1 year
60 years
18 years
75 years
Eligibility
Parameter
Policy Term
15 & 17 years
Minimum Premium
Policy Term 15
Policy Term 17
Yearly
Rs.8,140
Rs.6,620
Half-Yearly
Rs.5,000
Rs.4,200
Quarterly
Rs.2,500
Rs.2,100
Monthly**
Rs.1,000
Rs.800
Maximum Premium
No Limit
Rs. 100,000
No Limit
Maturity Benefit
On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums
have been paid.
Surrender Benefit
You will have the option to surrender your policy provided at least 3 full years' premiums have been paid.
The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV)
will be payable at any time of surrender throughout the term of the policy.
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum
Assured on Death as mentioned below will be payable as death benefit to the nominee :
Entry Age
Less than 45
10 times annualised
premium***
115% of sum
assured
Equal to or greater
than 45
7 times annualised
premium***
115% of sum
assured
*** Annualised premium and total premium taken are excluding any extra premium and/or any service tax and cess
on premium.
Guarantee Assure
We spend our lives securing a better future for our families and nothing ever seems enough to cover the uncertainties
that may occur. Understanding the same, we present to you Bajaj Allianz Guarantee Assure - a non-linked, nonparticipating, individual limited premium endowment plan that helps you live a worry free life.
Key Features
Ensures more value for money with high sum assured rebate
Learn More
Am I Eligible?
Eligibility
Details
9 year
60 years
18 years
69 years
Policy Term
7, 8 & 9 years
5 years
Minimum Premium
Frequenc
Yearly
y
No Limit
Rs. 1,00,000
No Limit
Maturity Benefit
You will receive the Sum Assured chosen by you and the accumulated Guaranteed Additions as maturity benefit on
the maturity date, provided all due premiums have been paid.
The Guaranteed Additions that accrue at the end of every policy year in your policy depends on the policy term
chosen by you and are as follows
Policy Term
Guaranteed Addition
7 Years
Policy Term
Guaranteed Addition
8 Years
9 Years
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term the death
benefit payable will be 'Sum Assured on Death' plus accrued Guaranteed Additions.
Sum Assured on Death will be higher of
i) 5 times the Annualised premium
ii) 105% of the total premiums paid as on the date of death or
iii) Sum Assured
The policy will terminate immediately on death of the life assured
Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.
Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:
Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen
PT 16 years
th
4
8th
12th
PT 20 years
th
5
10th
15th
PT 24 years
th
6
12th
18th
PT 28 years
th
7
14th
21st
The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:
Policy Term
16 years
20 years
24 years
28 years
Money Back 15% of Sum
20% of Sum
25% of Sum
30% of Sum
(%)
Assured
Assured
Assured
Assured
Maturity
60% of Sum Assured + Vested Bonus, if any + Terminal Bonus, if any
Benefit
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the
policy term, the Sum Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any,
plus Terminal Bonus, if any, subject to a minimum of 105% of the total premiums# paid will be
paid as the Death Benefit.
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term
Minimum Premium (In
Rs.)
Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly
16 years
9,000
Half-yearly
5,000
Quarterly
3,000
Monthly
900
Parameter
Policy Term
Yearly
Details
Half-yearly
Quarterly
Monthly
16 years
9,000
5,000
3,000
900
24 years
7,000
4,000
2,300
700
28 years
6,500
3,500
2,000
650
Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting
Premium Payment
Yearly, Half yearly, Quarterly and Monthly**
Frequency
**The monthly mode will be allowed only under the salary deduction scheme and ECS
Investment Plans
At Bajaj Allianz, we believe in putting the needs of the customer first, always. We understand your dreams for the
future and your desire to provide for your family even after you are gone. We offer a range of investment insurance
plans that will help you plan for various life goals. At the same time, they will protect your family against unforeseen
circumstances so that their dreams never have to end.
With Bajaj Allianz, you can make your dreams come true by choosing an efficient investment insurance plan, which
will protect you against unexpected hardships.
Elite Assure
You wish to achieve success in everything that you cherish to do. Life is all about choices and choosing the right
option. It's obvious that you plan your life as well as your finances to complement the best for all seasons. It is thus
essential to have a balanced investment portfolio across all asset types, hence the option of life cover with an
attractive return always stands tall.
Presenting Bajaj Allianz Elite Assure, a traditional savings plan that offers the most attractive return while protecting
your family.
Maturity Benefit
The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Loyalty Additions (GLA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any. VB as declared, will be attached every
policy year starting from your first policy year
GLA, as % of GMB, will be attached to the policy at the end of each policy year starting from the end of
10 policy year.
GLA, as % of GMB and the total GLA payable at maturity depends on the premium payment term and policy
th
10
15
20
25
30
20
25
30
15
20
25
30
15
20
25
30
15
Guaranteed Loyalty
Additions
3%
3%
3%
3%
7%
7%
7%
7%
15% 15%
15%
15
%
Total Guaranteed
Loyalty Additions
18
%
33
%
48
%
63
%
42
%
77
%
112
%
147
%
90
%
240
%
315
165
%
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the death
benefit payable will be Sum Assured on Death1 plus Guaranteed Loyalty Additions plus Vested Bonus, if any plus
Interim Bonus, if any plus Terminal Bonus, if any, subject to Guaranteed Death Benefit of 105% of the total premiums*
paid till the date of death.
1
remium Rebate
The investment insurance plan offers a Premium Rebate if your chosen GMB is greater than Rs. 5,00,000.
The Premium Rebate is available for each complete additional GMB of Rs. 50,000 over & above the minimum GMB
of Rs. 5,00,000 is as per the table below:
10
15
20
25
30
90
76
67
72
77
81
Monthly
Quarterly
Half yearly
Yearly
Frequency Factor
0.09
0.26
0.51
1.00
Parameter
0 year
55 years
18 years
70 years
Policy Term
Premium
Eligibility
Parameter
Sum Assured
#The monthly mode will be allowed only under salary deduction scheme and ECS
Fortune Gain
An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment
made; making sure the deduction in charges are minimum. We present one such smart solution - Bajaj Allianz
Fortune Gain - a Unit-Linked Single Premium Endowment Plan that provides up to 99.5% premium allocation to make
sure that your valuable money is fully utilized towards building you a fortune.
Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen
Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.
Death Benefit
In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.
Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999
7 to 10
Nil
Nil
10 to 30
Nil
3%
Surrender Benefit
You have the option to surrender your ULIP policy at anytime.
On surrender during the lock-in period of first five years, the single premium fund value, less the
discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.
On surrender after the lock-in period of first five years, the surrender value available will be single premium
fund value plus top up premium fund value, if any, as on the date of surrender.
The policy shall thereafter terminate upon payment of the full surrender value by the company.
Details
1 year
63 years
18 years
70 years
7 years
30 years
Rs. 50,000
No Limit
Premium Payment
Frequency
Single
Parameter
Details
entry and Policy term as mentioned below
Policy
Term
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
11 - 15
10
10
1.5
16 - 20
10
1.5
21 - 25
10
1.5
26 - 30
10
NA
Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years
Cash Assure
All your life, you strive to provide "The Best" to your loved ones & work towards ensuring that they accomplish their
dreams & aspirations. For providing them happiness and additional wealth at every stage of life, Bajaj Allianz Life
Insurance presents 'Bajaj Allianz Cash Assure', a traditional money back plan which provides protection & compulsory
savings. It provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the
best to your family.
Key Advantages
Bajaj Allianz Cash Assure is a non-linked, participating individual limited premium money back plan. The key
advantages of this plan are:
Guaranteed Money Back of upto 150% of the Sum Assured, depending on policy term chosen
PT 16 years
PT 20 years
PT 24 years
PT 28 years
1st
4th
5th
6th
7th
2nd
8th
10th
12th
14th
3rd
12th
15th
18th
21st
The Maturity Benefit will be paid on the maturity date (end of the policy term)
Your Survival Benefit and Maturity Benefit are payable as mentioned in the table below:
Policy Term
16 years
20 years
24 years
28 years
Money Back
15% of Sum
20% of Sum
25% of Sum
30% of Sum
Policy Term
16 years
20 years
24 years
28 years
(%)
Assured
Assured
Assured
Assured
Maturity
Benefit
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the Sum
Assured on Death* plus Vested Bonus, if any, plus Interim Bonus, if any, plus Terminal Bonus, if any, subject to a
minimum of 105% of the total premiums# paid will be paid as the Death Benefit.
This death benefit will be paid even after Survival Benefit has commenced during the policy term.
*Sum Assured on Death is the higher of: (a) 10 times of annualised premium # OR (b) Sum Assured
#
Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax &
cess, if any
The policy will terminate on the date the Company is informed of the death of the life assured.
Parameter
Minimum Entry Age
Maximum Entry Age
Minimum Age at
Maturity
Maximum Age at
Maturity
Policy Term
Premium Paying Term
Details
0 year
54 years
18 years
70 years
16, 20, 24 and 28 years
Policy Term minus 5 years
Policy Term
Yearly
Half-yearly
Quarterly
Monthly
16 years
9,000
5,000
3,000
900
20 years
8,000
4,500
2,500
800
24 years
7,000
4,000
2,300
700
28 years
6,500
3,500
2,000
650
Premium for female life will be based on the premium rate of 3 years
younger male
Maximum Premium
As per the Sum Assured chosen
Minimum Sum Assured Rs. 1,00,000
Maximum Sum Assured Subject to underwriting
Parameter
Premium Payment
Frequency
Details
Yearly, Half yearly, Quarterly and Monthly**
Retirement Plans
At Bajaj Allianz Life Insurance, we believe in putting the needs of the customer first, always. We take the time to
understand your current lifestyle and your life goals, and work with you steadily to build a secure and comfortable
retirement plan for your future. Our plans are geared towards helping you do so without sacrificing your needs of
today.
One of the best ways to create a good retirement plan for living an independent life even when you retire is choosing
Bajaj Allianz Life Insurance policies. Having a retirement plan in place will help you fulfill all those dreams that you
aspire during your hard working days.
With Bajaj Allianz, you can keep following your passion, even as you protect your future. An effective way of availing
beneficial facilities would be purchasing the retirement plan online.
Pension Guarantee
Your date of retirement is closing in. You want something that gives you and your spouse an
assured income long after you're retired. We at Bajaj Allianz Life Insurance are aware of this
need, and have come up with a plan that lasts you for a lifetime. Invest your savings in the Bajaj
Allianz Pension Guarantee, a plan that gives you a guaranteed income so that you will live
worry-free for a lifetime.
With Bajaj Allianz Pension Guarantee, you can ensure a regular income after retirement. This
retirement plan offers you a range of immediate annuities to choose from. The immediate annuity
options available are:
Option
Option A
Detail
Life annuity-
Option
Detail
The annuity is paid to the policyholder as long as he/she is alive.
Life annuity with Return of Purchase Price
Option B
Option D
The annuitant and his/her spouse are covered under the policy.
Option E
The annuitant and his/her spouse are covered under the policy.
Option F
The annuitant and his/her spouse are covered under the policy.
Option
Detail
least one of them is alive.
Maximum Age at
Entry
Minimum Purchase
Price
Maximum Purchase
No Limit
Parameter
Detail
Price
Minimum Annuity
Instalment
Rs. 1000
Retire Rich
"A plan that enables you to retire with laughter lines... not worry lines."
You have been working hard. You're going to retire one day. How do you want to spend your retirement? Travelling?
Golfing? Turning a hobby into a second career or volunteering for a noble cause or simply spending more time with
your family.
In retirement, how you choose to spend your time is now up to you. The decisions you make about your money today
should be flexible enough to accommodate your changing needs.
Taking charge of your retirement begins with Bajaj Allianz Retire Rich - A Unit-linked Pension Plan that your
retirement dreams are well met.
At the inception, you have to choose between Regular, Limited or Single premium payment option
Premium paid by you, after deduction of premium allocation charge, will be allocated in to the Pension
Builder Fund. Units will be allocated to your policy account at the prevailing unit price of the fund
The policy administration charge will be deducted monthly through cancellation of units. Fund management
charge and guarantee charge are adjusted in the unit price
In the process to comply with the reduction in yield, the Company may arrive at specific non-negative clawback additions, if any, to be added to the unit Fund Value, as applicable, at various durations of time after the first five
years of the contract.
At the end of your policy term, i.e., on the vesting date, the vesting benefit of your policy will be your total
Fund Value subject to a Guaranteed Vesting Benefit of 101% of the sum of all premiums and top-up premiums paid
by you till the vesting date
Death Benefit
On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher
of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit
Guaranteed Death Benefit: 105% of the sum of all premiums and top-up premiums (if any) paid till date
under the policy
The nominee can utilize the death benefit in any of the following ways:
o
Use the entire or part of the death benefit proceeds to purchase an annuity from us at the then
prevailing annuity rates.
Vesting Benefit
The vesting benefit of your policy on the vesting date will be higher of the Guaranteed Vesting Benefit or the
total Fund Value as on the vesting date
Guaranteed Vesting Benefit: 101% of the sum of all premium and top-up premiums (if any) paid by you till
the vesting date
On the vesting date, you have the option to use your vesting benefit in one of the following three ways:
o
You may take up to 1/3rd* of vesting benefit as a lump sum and purchase an immediate annuity
from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan
available on sale then.
You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your vesting benefit irrespective of minimum single premium.
You may extend your prevailing deferment period under the policy to any available period as at the
vesting date, provided your age as on the vesting date is less than 55 years. The prevailing guaranteed death
benefit, guaranteed vesting benefit and option to pay top-up premiums will continue during the extended
deferment period. Once the option is chosen, the guaranteed vesting benefit shall not be applicable at the
original vesting date. No premiums need to be paid during the extended deferment period. During the extended
deferment period, all applicable charges will get deducted.
Note: You will have to exercise one of the above three options before the vesting date
*maximum as allowed by IT Act
Loyalty Additions
You will get additional Loyalty Additions added to your Fund Value on the original vesting date of your policy. Loyalty
Additions are equal to a percentage of annualized/single premium as given below:
For Regular/ Limited Premium payment option
Policy
Term
7 to 10
Nil
Nil
Nil
11 to 15
8.5%
25.5%
3.0%
16 to 20
9.0%
27.0%
3.5%
21 to 25
10.0%
30.0%
4.0%
26 to 30
11.0%
33.0%
4.5%
Surrender Benefit
Your Fund Value less the discontinuance/ surrender charge, if any, plus the top up premium Fund
Value, if any, as on the date of surrender, will be transferred to the discontinued pension policy fund.
The discontinuance value as at the end of the lock-in period will be available to you as surrender
o
value
o
surrender, will be available to you as the surrender value and the policy will terminate.
You should compulsorily use the surrender value available in one of the following two ways:
o
You may purchase a single premium deferred pension plan from us, using the entire proceeds of
your surrender benefit OR
You may take up to 1/3rd* of the surrender value as a lump sum and purchase an immediate
annuity from us with the balance amount at the then prevailing annuity rates.
Features
Alteration of Premium payment frequency (only in regular premium/
limited premium payment options)
Modes
Yearly Half-yearly
Quarterly
Monthly
1/4
1/12
1/2
You can make lump sum investments at any time except in the last five policy years by paying
unlimited top up premiums to enhance your fund value, provided all due regular premiums are
paid. The minimum top up premium is Rs. 5,000.
Option to change the premium paying term (only in case of regular and limited
premium payment option)
You have the option to change your premium paying term at any time subject
to the minimum and maximum premium paying term allowed under the plan,
provided all due regular and limited premium till the date of such request are
paid
Such option should be exercised before the expiry of the existing premium
paying term
Fund
Pension Builder Fund
0% - 50%
25% - 100%
0% - 40%
ULIP plan
ULIP means a "Unit Linked Insurance Plan". ULIPs are financial instruments which when used intelligently, gives you
the best of both worlds. It combines the characteristics of a market linked instrument and life insurance policy. Part of
the premium goes into buying life insurance cover while the remaining part of the premium is invested in an asset
class (equity/debt), based on one's choice. Asset class investment is made after deduction of known charges.
The tax
advantageULIPsPla
n
Equity Funds
Non-Equity Funds
ULIPs
Holding Period
15%
Less than 1 year
Over 1 year but less than 3 years
Nil
Nil
No tax on switching
Tax rate applicable to from one fund
investor
option to another.
Partial withdrawals
(allowed after 5
years) and maturity
20% after indexation corpus is tax-free.
Fortune Gain
An intelligent investor deserves a smart plan that provides the maximum benefit from every ounce of investment
made; making sure the deduction in charges are minimum. We present one such smart solution - Bajaj Allianz
Fortune Gain - a Unit-Linked Single Premium Endowment Plan that provides up to 99.5% premium allocation to make
sure that your valuable money is fully utilized towards building you a fortune.
Be Future Safe with Fortune Gain!
Loyalty Additions of 3% of the single premium depending on the single premium & policy term chosen
Benefits Payable
Maturity Benefit
Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund
value, if any, both as on the maturity date, provided the policy is in-force.
Death Benefit
In case of unfortunate death before the maturity date, provided the policy is in-force, the death benefit payable to the
nominee as a lump-sum (subject to the Guaranteed Death Benefit*) is:
(i) The higher of the sum assured or single premium fund value PLUS
(ii) The higher of top-up premium sum assured or top-up premium fund value, if any [All the above as on date of
receipt of intimation of death].
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the single premium fund during the two year period immediately
preceding the death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent of any partial withdrawals made from the single premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose.
* The guaranteed death benefit applicable throughout the policy term is 105% of the total premiums
paid including top-up premiums paid, if any, till the date of death.
Loyalty Additions
Your policy will be entitled for loyalty additions as per the below table. The addition, expressed as a percentage of the
single premium, will be added to the single premium fund value at the maturity date of your policy.
Single Premium
Policy Term
50,000 to 99,999
7 to 10
Nil
Nil
10 to 30
Nil
3%
Surrender Benefit
You have the option to surrender your ULIP policy at anytime.
On surrender during the lock-in period of first five years, the single premium fund value, less the
discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.
On surrender after the lock-in period of first five years, the surrender value available will be single premium
fund value plus top up premium fund value, if any, as on the date of surrender.
The policy shall thereafter terminate upon payment of the full surrender value by the company.
Details
1 year
63 years
18 years
70 years
7 years
30 years
Rs. 50,000
No Limit
Premium Payment
Frequency
Single
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
11 - 15
10
10
1.5
16 - 20
10
1.5
Parameter
Details
Policy
Term
Age at entry
120
21 30
31 35
36 44
45
above
7 - 10
10
10
10
1.5
21 - 25
10
1.5
26 - 30
10
NA
Age
Minimum & Maximum Sum
Less than 45 years
Assured on Top up Premium
Greater than or equal to
45 years
Future Gain
We all seek opportunities to gain maximum benefits at the lowest cost. When we decide to invest our monies, we
want every rupee of our hard earned money to be utilized fully for our future gains. Helping the investor in you, we
present Bajaj Allianz Future Gain - a Unit-Linked Endowment Plan that provides for maximum premium allocation to
make sure that your valuable money is fully utilized towards your dream future.
Key Features
Maturity Benefit
Under Bajaj Allianz Future Gain, the maturity benefit will be the regular premium fund value plus top up premium fund
value as on the maturity date, provided the policy is in-force.
Surrender Benefit
You have the option to surrender your policy at anytime.
On surrender during the lock-in period of first five years of your policy, the regular premium fund value, less
the discontinuance/surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be
transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.
The discontinuance value as at the end of the lock-in period will be available to you as surrender value.
On surrender after the lock-in period of first five years of your policy, the surrender value available will be
regular premium fund value plus top up premium fund value, if any, as on the date of surrender, and will be payable
immediately.
The policy shall terminate upon payment of the surrender/discontinuance value by the company.
Death Benefit
In case of unfortunate death before the maturity date, provided the ULIP policy is in-force, the death benefit payable
to the nominee/ policyholder as a lump-sum is:
The higher of the sum assured or regular premium fund value PLUS
The higher of top-up premium sum assured or top-up premium fund value, if any;
All the above as on date of receipt of intimation of death The death benefit is subject to the guaranteed death benefit,
which is 105% of the total premiums paid including top-up premiums paid, if any, till the date of death.
If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to
the extent of any partial withdrawals made from the regular premium fund during the two year period immediately
preceding the date of death of the life assured.
If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced
to the extent ofthe partial withdrawals made from the regular premium fund during the two year period before
attaining age 60 and all the partial withdrawals made from the regular premium fund after attaining age 60.
The partial withdrawal made from the top up premium fund shall not be deducted for this purpose
Am I Eligible?
Parameter
Details
18 years
Maximum Age at
Maturity
70 years
Premium Payment
Term (PPT)
Minimum Premium
(Modal Premium)
Premium Paying
Term
5 or 6
Policy Term
Other PPTs
5 to 30 years
Halfyearly
Frequency
Yearly
Premium (in
25,00 12,500
2,500
5,000
Parameter
Details
Rs.)
Maximum Premium
Premium Payment
Frequency
Frequency
Yearly
Premium (in
Rs.)
12,00,000 6,00,000
Higher of
10 times
Annualized
Premium
7 times
Greater than or
Annualized
equal to 45 years
Premium
Less than 45
years
Minimum Sum
Assured
3,00,000 1,00,000
For example, for an age less than 45 years and policy term of
i. 15 years the minimum Sum assured available will be 10
times Annualized Premium
ii. 22 years the minimum sum assured available will be 11
times of Annualized premium i.e. (0.5*22* Annualized
premium)
Maximum Sum
Assured
135
36 - 40
41 - 44
45 - 50
51 &
above
Minimum
SA
10 & 15
15 15
10
10
16-20
15 15
10
Minimum Minimum
SA
SA
21-25
15 12.5
Minimum Minimum
NA
SA
SA
26-30
15 Minimum Minimum NA
NA
Parameter
Details
Policy Term/
Age at entry
135
36 - 40
SA
Minimum &
Maximum Sum
Assured on Top up
Premium
Age
Less than 45 years
41 - 44
45 - 50
51 &
above
SA
Top-Up Sum Assured
Multiplier
1.25 times
Portfolio Strategies
Bajaj Allianz Future Gain provides the policy holder with two portfolio strategies, which can be
chosen at the inception of the policy or on any subsequent policy anniversary
Investor Selectable Portfolio Strategy - If the policyholder want to allocate the premiums
based on his/ her personal choice and decision, the policyholder can opt for this strategy and
choose from among the seven (7) funds below to suit his/ her investment needs.
Wheel of Life Portfolio Strategy provides the policyholder with a "Years to maturity" based
portfolio management. Under this strategy, on each policy anniversary, fund value among various
funds (as per the below table) in the proportion based on the outstanding years to maturity are
allocated/ reallocated.
Details
Annualized Premium/ Policy Year
Premium
Allocation
Charge
2-5
6 and above
25,000 to 99,999
5.50% 3.75% 0%
100,000 to 199,999
2.50% 1.75% 0%
0%
0%
0%
1.35%
1.35%
1.35%
1.25%
1.25%
Liquid Fund
0.95%
Bond Fund
0.95%
Charges
Details
Where the
policy is
discontinued
during the
policy year
Discontinuance
Discontinuance
charge for the
charge for the policies
policies having
having annualized
annualized premium
premium above Rs.
up to Rs. 25000/25000/-
5 and above
Nil
Discontinuanc
e Charge
Nil
Mortality
Charge
20
1.13
30
1.34
40
2.35
50
6.52
Child Plan
Bajaj Allianz Life Insurance Child Plans are designed to ensure that they suit all basic requirements for your child's
future. It has multiple premium payment and policy terms options, Guaranteed Maturity Benefit, cash installment
option, inbuilt Total Disability Benefit and much more. At Bajaj Allianz life insurance, we believe in helping you to build
a robust child plan for your child's secured future
Lifelong Assure
We all wish for regular flow of income at all stages of our life, but most of the time achieving those over age & time is
not possible. Helping you with a solution, we at Bajaj Allianz developed Lifelong Assure - a unique plan that provides
you income & protection till your 100 birthday so that you can live worry-free for a lifetime.
Key features
The key features are as follows:
Guaranteed Death Benefit of up to 300% of Sum Assured depending on the PPT chosen.
Survival Benefit
a. You will start receiving Guaranteed Cash Back of 3% of your Sum Assured every year, from the end of your
premium payment term till the age of 99 years
b. You will be entitled for Cash Bonus declared, if any, starting from the end of 6 policy year till the age of 99 years.
Maturity Benefit
Your policy will mature at the age of 100 years. On the maturity date, if all premiums are paid, the Maturity Value
under your policy, as mentioned in the below table, will be paid and the policy will terminate.
PPT Sum Assured on Maturity
Death Benefit
In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid
under the policy, the death benefit payable to the nominee shall be as follows
Young Assure
Your family is your joy & pride, and your world revolves around your children who are your future. You always want
the best for them, what they truly deserve. While they strive hard to achieve their dreams; it's your responsibility to
ensure them the right financial support at all times. Presenting Bajaj Allianz Young Assure - a traditional savings
insurance plan that ensures these dreams are fulfilled irrespective of any eventualities.
Multiple premium payment and policy term options to ensure that money is available to you during crucial
years like child's education, marriage, etc.
Guaranteed Maturity Benefit (GMB), Guaranteed Additions (GA) and bonuses to ensure a good return
3 Cash Installment Options to choose from to match the future financial needs
Step
Step
Step
Step
Your premium will be based on Guaranteed Maturity Benefit, age, policy term, premium payment term and premium
payment frequency. Your Sum Assured is 10 times of Annualised Premium.
Step 5: Choose your Cash Installment option
Benefits Payable
Maturity Benefit
The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Additions (GA) plus Vested
Bonus (VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any.
The risk cover under your policy will cease on the maturity date.
You can take the Maturity Benefit as per one of the three Cash Installment options chosen by you at
inception, which are paid in annual installments. The first installment will commence from end of the policy term.
Cash
Installment
1st
2nd
50% of GMB
22% of GMB
12% of GMB
3rd
25% of GMB
15% of GMB
4th
28% of GMB
18% of GMB
5th
20% of GMB
6th
23% of GMB
7th
Total GMB
payable
105% of GMB
109% of GMB
113% of GMB
Where,
Guaranteed Addition (GA) is expressed as % of the GMB and will be attached to the policy at the end of the
policy term as given below:
PPT
5 years
7 years
12 years
15 years
20 years
GA (%)
15%
25%
40%
60%
90%
Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the Life Assured, the benefit payable will be:
The Sum Assured on Death^ , subject to the guaranteed death benefit of 105% of the total premiums1 paid
till date of death, will be paid immediately and the policy will be converted to a fully paid-up policy.
As a fully paid-up policy all future GA, Vested Bonus and Terminal Bonus, if any, will continue to accrue in
the policy.
At the end of the policy term, the Maturity Benefit will be payable.
^Sum Assured on Death is the higher of Sum Assured or the GMB
Total premium is exclusive of extra premium, rider premium and service tax & cess, if any
Premium Rebate
This child plan offers a Premium Rebate if your chosen GMB is greater than Rs 1,00,000.
The Premium Rebate is available for each complete additional GMB of Rs 10,000 over & above the minimum GMB of
Rs 1,00,000 and is as per the table below:
Policy Term (in years)
10
15
20
12
15
12
15
20
48
37
39
36
46
42
39
Surrender
The policy can be surrendered by the policyholder at any time, provided at least 1 full year's premium has
been paid if premium paying term is less than 10 years or at least 2 full years' premiums have been paid, if premium
paying term is 10 years or more.
The surrender value shall be higher of: Guaranteed Surrender Value (GSV) and Special Surrender Value
(SSV).
Details
18 years
Parameter
Details
50 years
Minimum Age at
Maturity
28 years
Maximum Age at
Maturity
60 years
Premium
Sum Assured
Guaranteed Maturity
Benefit (GMB)
Minimum - Rs 1,00,000
Maximum - No Limit
GMB is as chosen by you
Policy Term
Premium Payment
Frequency
10
5, 7
15
12, 15
20
12, 15, 20
*The monthly mode will be allowed only under the salary deduction scheme and ECS.
We all want to secure our families against any odds that may force them to compromise in life. All our lives we put in
every possible effort to ensure a safe future for our loved. We understand this concern and present Bajaj Allianz CSC
Bachat Plus - a variable insurance plan that helps you protect your family financially from all uncertainties; that too at
an affordable price.
Key Advantages
Benefits Payable
Maturity Benefit
On the maturity date, the benefit payable will be equal to the Policy Account Value
The Maturity Benefit is subject to a minimum amount equivalent to total premiums paid, less Sum of all partial
withdrawals made during the term of your policy, compounded at 1% per annum till maturity date
Death Benefit
In case of unfortunate death of the life assured, the benefit payable will be higher of:
Parameter
Minimum Entry
Age
Maximum Entry
Age
Maximum Age at
Maturity
Sum Assured
Multiplier
Total Sum Assured
under all Policies
Policy Term
Premium Paying
Term
Details
14 years
55 years
65 years
Age less than 45 years
10 times Annualised Premium
Rs. 2,00,000 (The total sum assured allowed on a single life assured under
all policies taken under this plan cannot exceed of Rs. 200,000).
10 and 15 years
Equal to policy term
Mode
Premium
Regular Premium
Yearly
Half-yearly
Quarterly
Monthly
1,800
900
450
150
20,000
10,000
5,000
1,665
Premium payment
Yearly, Half-Yearly, Quarterly and Monthly#
Frequencies
#
The monthly mode will be allowed only under the salary deduction scheme and ECS
General insurance
Car Insurance
Your car insurance policy is the most important document in your vehicle. Millions of car owners across India trust
Bajaj Allianz to insure their car. Along with comprehensive coverage against physical damage, bodily injury and cover
againts third-party liability, your motor insurance brings to you confidence and peace of mind. All this is backed by our
superior claims servicing capability and fast settlement record for vehicles insured by us.
What is Covered?
Claims Process
Step 1: Send your Vehicle for Repair
In case of an accident, take your vehicle to the garage (if movable) or have it towed to avoid
further damage.
For Theft Claims :
In case of a theft claim, file a police complaint immediately in writing
and inform us on our Toll Free Number - 1800-209-5858.
If your vehicle isn't found within 90 days, ask the police to issue you a Non-Traceable Report.
This is an undertaking given by the police that they are yet to find your vehicle; you need to
submit this report to us. We start the claim process after this.
Important To-Dos:
Please read our section on Claim FAQ to understand benefits of Cashless claims and
important things to keep in mind while making claims.
Contact number
Km. reading
Once the claim is registered, the customer support executive will provide you with a Claim
Reference Number.
You will be updated through SMS on every stage of the claim OR you can call on our
Toll Free Number - 1800-209-5858 and quote the Claim Reference Number to know the status
of your claim
FIR
Original estimate
Original repair invoice, payment receipt (for cashless garage - only repair invoice)
RTO transfer papers duly signed along with Form numbers 28, 29, 30 and 35 (if
hypothecated)
Final report - A no-trace report from the police saying that the vehicle cannot be located
Policy copy
Spot Settlement: If the loss is not much, we suggest that you avail spot settlement of claims
through Bajaj Allianz Mobile Settlement Service.
Claim Settlement:
After completion of repair at a preferred garage we will make payment of the loss
directly to the garage.
You will only have to pay the excess as mentioned in the policy and the depreciation
value, salvage etc. as in
Your two-wheeler is about freedom and the Bajaj Allianz two-wheeler insurance policy has been designed to set you
free. Our comprehensive two wheeler insurance and bike insurance policy provides hassle-free protection to your
bike or scooter against physical damage, theft and third party liability.
With your two wheeler insurance, you get:
What is Covered?
Loss or damage to your two wheeler against natural calamities: Your bike insurance policy
covers fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation,
cyclone, hailstorm, frost, landslide and rockslide.
Loss or damage to your two wheeler against man-made calamities: Burglary, theft, riot,
strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland
waterway, lift, elevator or air is covered by two wheeler insurance.
Personal Accident Cover: With bike insurance, getcoverage of Rs.1 lakh for the individual
owner/driver of the vehicle while driving or travelling and mounting or dismounting from the two wheeler. Optional
personal accident covers for co-passengers available with our two wheeler insurance.
Third Party Legal Liability: Protection against legal liability due to accidental damages resulting in
the permanent injury or death of a person, and damage caused to the surrounding property.
If you send your vehicle to a preferred garage for repairs, you will be able to avail cashless facility.
To locate a preferred garage, click here
For Theft Claims:In case of a theft claim, file a police complaint immediately in writing and
inform us onour Toll Free Number: 1800-209-5858.
Mechanical/electrical breakdown.
Damage to/by a person driving the vehicle under the influence of drugs or liquor.
Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in
which case the liability of the company shall be limited to 50% of the cost of replacement.
Covers you against trip cancellation, trip curtailment and burglary of your home*
Only insurance company with in-house international toll-free numbers and fax numbers
Coverage:
WhatdoesOurTravel
Policy Cover?
Travel Care
Coverages
Medical Expenses,Evacuation
and Repatriation
Emergency dental pain relief
included in (I) above
Loss of Checked Baggage
Per baggage maximum 50% and per
item in the baggage 10%
Delay of Baggage
Personal Accident
Only 50% of the Sum Assured in
respect of the death of the insured
person below the age of 18 years
Loss of passport
Personal Liability
Benefit in US$
Hijack
Trip Delay
Benefit in US$
Travel Value
Benefit in US$
50,000
2,00,000*
5,00,000
500
500
500
250**
1,000**
1,000**
100
100
100
10,000***
25,000***
30,000***
250
1,00,000
$ 50 per day to
maximum $ 300
250
250
2,00,000
2,00,000
$ 50 per day to $ 50 per day to a
maximum $ 300 maximum $ 300
$ 20 per 12 hrs.
$ 20 per 12 hrs. 12
12 hrs. maximum
hrs. maximum $120
$120
500
1000
1,500
250
500
Travel Secure
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum
assured in respect of the death of the insured person below age of 18 years **** Cash Advance
Would include delivery charges.
Super
Maximum
Deductible
Platinum
7.5 Lakhs
10 Lakhs
50,000 USD 2 Lakhs USD5 Lakhs USD
USD
USD
Silver
Coverages
Personal
Accident*
Medical
Expenses and
Evacuation
Emergency
Dental Pain
Relief
included in
above limits
Repatriation
Loss of
Checked
Baggage**
Accidental
Death &
Disability
(Common
Carrier)
Loss of
Passport
Personal
Liability
Gold
Platinum
15,000 USD 25,000 USD 25,000 USD 25,000 USD 25,000 USD Nill
50,000 USD 200,000 USD 500,000 USD 750,000USD
1,000,000
USD
100 USD
500 USD
500 USD
500 USD
500 USD
500 USD
100 USD
5,000 USD
5,000 USD
5,000 USD
6,000 USD
6,500 USD
Nil
500 USD
1,000 USD
1,000 USD
1,000 USD
1,000 USD
Nil
2,500 USD
5,000 USD
5,000 USD
5,000 USD
5,000 USD
Nil
250 USD
250 USD
250 USD
300 USD
300 USD
25 USD
100,000 USD 200,000 USD 200,000 USD 250,000 USD 250,000 USD 100 USD
50 USD per
day
Hijack cover
to max 300
USD
25 USD per
12 hrs
Trip Delay
to max 120
USD
20 USD per
Hospitalizatio
day
n Daily
to max 100
Allowance
USD
Golfer's Hole250 USD
in-one
Trip
500 USD
Cancellation
Trip
200 USD
Curtailment
Delay of
100 USD
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
to max 360
USD
30 USD per
12 hrs
to max 180
USD
25 USD per
day
to max 125
USD
60 USD per
day
Nil
to max 360
USD
30 USD per
12 hrs
12 Hrs
to max 180
USD
25 USD per
day
Nil
to max 125
USD
500 USD
500 USD
500 USD
500 USD
Nil
1,000 USD
1,000 USD
1,000 USD
1,000 USD
Nil
300 USD
500 USD
500 USD
500 USD
Nil
100 USD
100 USD
100 USD
100 USD
12 Hours
Checked
Baggage
Home
Burglary
INR 100,000
Insurance
Emergency
Cash
500 USD
Benefit***
Missed
100 USD
Connection
Difference in
Airfare due to
500 USD
delayed or
early return
Bounced Hotel500 USD
PA Cover in
INR 50,000
India
1,000 USD
1,500 USD
1,500 USD
Nil
100 USD
100 USD
100 USD
100 USD
12 Hours
500 USD
500 USD
500 USD
500 USD
Nil
500 USD
500 USD
500 USD
500 USD
Nil
assured in respect of the death of the insured person below age of 18 years
Coverages
Medical
Expenses,Evacuation
50,000
and Repatriation
Emergency dental pain
relief
500
included in (I) above
Personal Accident
Only 50% of the Sum
assured in respect of the
15,000***
death of the insured person
below age of 18
years
AD & D Common Carrier 2,500
Delay of Baggage
100
Loss of Checked Baggage
Per Baggage maximum 50
500**
% and per item in the
baggage 10 %.
$50 per day to max $
Hijack
300
$ 20 per 12 hrs to max
Trip Delay
$ 120
Personal Liability
1,00,000
Emergency Cash
Advance****
500
Cash Advance Would
include delivery charges.
Golfer Hole-in-one
250
Trip Cancellation
500
Home Burglary Insurance Rs.1, 00,000
Trip Curtailment
200
Hospitalization Daily
$25 per day to max
Allowance
$100
Loss of Passport
250
Gold
Benefit in US$
Platinum
Benefit in US$
2,00,000
5,00,000
500
500
25,000***
25,000***
5,000
100
5000
100
1,000**
1,000**
1,000
1,000
500
1,000
Rs.2, 00,000
300
$25 per day to max
$125
250
500
1,000
Rs.3, 00,000
500
$25 per day to max
$150
250
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum
assured in respect of the death of the insured person below age of 18 years **** Cash Advance
The insured is expected to inform us and an E mail should be sent by the insured requesting the
cancellation.
AFTER THE POLICY START DATE - IF THE INSURED HAS NOT TRAVELLED
Photo copy or Scan copy of all the pages (including empty pages) of the passport.
In case of any early return of the insured person prior to expiry of the policy period, the company will refund premium
at the rates shown in adjacent table (subject to no claims being incurred on the policy)
Travel Elite 61
above
Silver
Gold
Benefit in US$
Platinum
Coverages
Benefit in US$
Medical
Expenses,Evacuation
and Repatriation
50,000
2,00,000
5,00,000
500
500
500
Personal Accident
15,000
25,000
25,000
2,500
5,000
5,000
Loss of Baggage
(Checked) **
Note: Per Baggage
maximum 50 % & per
item in the baggage 10
%.
500
1,000
1,000
Delay of Baggage
100
100
100
Loss of Passport
250
250
250
Hijack
Trip Delay
$ 20 per 12 hrs
$ 30 per 12 hrs to
to
max $ 180
max $ 120
$ 30 per 12 hrs to
max $ 180
Personal Liability
1,00,000
2,00,000
2,00,000
Benefit in US$
Emergency Cash
Advance****
Note: Cash Advance
Would include delivery
charges
500
1,000
1,000
Golfer Hole-in-one
250
500
500
Trip Cancellation
500
1,000
1,000
Rs.2, 00,000
Rs.3, 00,000
Trip Curtailment
200
300
500
Hospitalization Daily
Allowance
12,500
15,000
17,500
25,000
30,000
35,000
**Per Baggage maximum 50 % and per item in the baggage 10 %. **** Cash
Advance Would include delivery charges
Any medical condition or complication arising from it which existed before the commencement of the policy
period, or for which care, treatment or advice was sought, recommended by or received from a physician.
Routine physical or other examination where there is no objective indication of impairment of normal health.
Manual work or hazardous occupation, self-exposure to needless peril (except in an attempt to save human
life), engaging in any criminal or illegal act.
Pregnancy, resulting in childbirth, miscarriage, abortion, or complication arising out of any of the foregoing.
Treatment by any other system other than modern medicine (also known as Allopathy).
The cost of spectacles, contact lenses, hearing aids, crutches and all other external appliances and/or
devices whether for diagnosis or treatment.
Loss which is not reported to the appropriate police authority within 24 hours of the discovery of the loss,
and in respect of which an official report has not been obtained.
Loss caused by the insured's failure to take reasonable steps to guard against the loss of passport.
Silver
Benefit in US$
Gold
Benefit in US$
1,00,000
2,00,000
500
500
10,000
10,000
50,000
50,000
Loss of Baggage
(Checked)
Per baggage
maximum 50% and
per item in baggage
maximum 10%
Accident to Sponsor
Family Visit
Personal Liability
1,000
1,000
1,000
10,000
7,500
1,00,000
10,000
7,500
1,00,000
10,000
7,500
1,00,000
The Student Elite Plan is a customized insurance policy for students travelling abroad.It covers
your trip abroad as well as takes
Coverages
Medical Expenses,Evacuation
and Repatriation
Emergency dental pain relief
included in (I) above
Personal Accident
AD &D Common Carrier
Loss of Baggage (Checked)
Per baggage maximum 50% and
per item in baggage maximum
10%
Bail Bond Insurance
Tuition Fee
Accident to Sponsor
Family Visit
Personal Liability
Standard
Benefit in US$
Silver
Gold
Benefit in US$
Benefit in US$
50,000
1,00,000
2,00,000
500
500
500
25,000
2,500
25,000
2,500
25,000
2,500
1,000
1,000
1,000
500
10,000
10,000
7,500
1,00,000
500
10,000
10,000
7,500
1,00,000
500
10,000
10,000
7,500
1,00,000
Health Insurance
Key features
Coverage
Pre and post hospitalization expenses covers relevant medical expenses incurred 60 days prior to and 90
days after hospitalization.
What Benefits
Medical tests (pre-policy check-up) are mandatory for members aged 46 years and above.
100% cost of pre-policy check-up would be refunded if the proposal is accepted and policy is issued.
In case the member opts for hospitals besides the empanelled ones, the expenses incurred by him shall be
reimbursed within 14 working days from submission of all documents.
Free Health check-up at designated Bajaj Allianz diagnostic centers at the end of 4 continuous claim-free
years.
Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.
Free Look Period: If you would not be satisfied with the coverage, and terms and conditions of the policy,
you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has
been no claim.
Due to unavoidable reasons, sometimes dates get pushed back a little. That's why you now have a grace
period of 30 days for renewing your existing Bajaj Allianz policy. The policy will be considered as continuous for all
the waiting periods.
Now you will no longer be charged higher premium if there has been a claim in the previous policy!
Certain diseases such as hernia, piles, cataract (liability restricted upto 10% of SI, max. upto Rs.35,000) and
sinusitis shall be covered after a waiting period of 2 years.
Congenital external are excluded permanently. Congenital internal have waiting period of 4 years(if
disclosed at the time of proposal and policy acceptance)
Treatment will not be covered for use of intoxicating and/or addictive substances like alcohol, drugs etc.
Joint replacement surgery (other than due to accidents) shall have a waiting period of 4 years before it is
covered.
Medical Expenses During Hospitalisation: We will pay the medical expenses, which are the
reasonable charges that You necessarily incur on the advice of a Doctor, as an in-patient in a Hospital for
accommodation; Boarding Expenses including patients diet as provided by the hospital/ nursing home ; nursing care;
the attention of medically qualified staff; undergoing medically necessary procedures; medical consumables.
Pre and Post hospitalisation expenses
o
Pre-hospitalization: We will pay the expenses incurred, in respect of the medical treatment of
an Illness during the consecutive 60-day period immediately preceding Your admission to Hospital for that
Illness, provided that the aforesaid 60 day period commences and ends within the Policy Period.
Post-hospitalization: We will pay the expenses incurred, in respect of medical treatment and
essential investigations for a period of upto 90 days after discharge from a Hospital for medical treatment
related to the Illness or Accidental Bodily Injury.
*However in case of renewed policies the pre-hospitalisation period may fall in the previous policy period.
Emergency Ambulance Charges: If a claim is accepted, we will also pay the reasonable cost to a
maximum of Rs 1000 per valid hospitalization claim for transferring you / your family members named in the
schedule to or between Hospitals in the hospital's ambulance or in an ambulance provided by any ambulance
service provider.
Medical Check-up: At the end of every continuous period of 4 years during which you have held Our
Health Guard Family Floater policy without making a claim you / your family members named in the schedule may
apply to us for a free medical check up This beneft also foats over the family member(s) covered under the policy.
Benefits
Cumulative bonus of 10% to your Limit of Indemnity for every claim free year.
10% cumulative bonus benefit for each claim free year, maximum up to 50%. cumulative bonus would be
passed in case policy is continuously renewed with us.
Medical tests (pre-policy check-up) are mandatory for members aged 46 years and above.
100% cost of pre-policy check-up would be refunded if the proposal is accepted and policy is issued.
In case the member opts for hospitals besides the empanelled ones, the expenses incurred by him shall be
reimbursed within 14 working days from submission of all documents.
Health check-up at designated Bajaj Allianz diagnostic centers or reimbursement upto Rs.1000/- at the end
of 4 continuous claim-free years. This benefit can be availed by only one member of the family.
Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.
Free Look Period: If you would not be satisfied with the coverage, and terms and conditions of the policy,
you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has
been no claim.
Due to unavoidable reasons, sometimes dates get pushed back a little. That's why you now have a grace
period of 30 days for renewing your existing Bajaj Allianz policy. The policy will be considered as continuous.
Now you will no longer be charged higher premium if there has been a claim in the previous policy!
Any disease contracted during the first 30 days of commencement of the policy.
Certain diseases such as hernia, piles, cataract (liability restricted upto 10% of SI, max. upto Rs. 35,000),
sinusitis shall be covered after a waiting period of 2 years.
Non-allopathic medicine.
Congenital external are excluded permanently. Congenital internal have waiting period of 4 years(if
disclosed at the time of proposal and policy acceptance)
Joint replacement surgery (other than due to accident shall have a waiting period of four years).
An individual can avail an annual deduction of Rs.15000 from taxable income for health insurance premium
paid for self and dependants. 'Dependents,' in this case, refers to spouse and children.
In the case of senior citizens (aged 60 years and above), the annual deduction from taxable income goes up
to Rs.20000.
But here's a tidbit that might help you save more tax than you think:
If you are paying the premium for your parents' health insurance, you can claim an additional tax benefit up
to Rs.15000 under the provisions of Section 80D.
If your parents are senior citizens (aged 60 years and above), the benefit goes up to Rs.20000.
However, there are a few conditions:
You cannot claim tax benefit on health insurance premium paid for your in-laws.
Proof of payment of premium has to be furnished, in order to avail the tax benefit.
Except cash, any mode of payment is acceptable for claiming tax benefit.
The health insurance premium must be paid from your taxable income of that year only if you want to claim
a deduction.
*Tax benefits are subject to changes in tax laws.
Extra Care
If the sum insured of your existing health insurance plan does not suffice for expenses due to illness or accidents, the
Extra Care health insurance policy takes care of the additional hospitalization expenses.
As health expenses increase, you may find that your base health insurance is no longer sufficient for your needs. A
serious illness or accident can require long term care and complicated treatment that can quickly become expensive
and exhaust your health cover. What do you do then? Bajaj Allianz Extra Care extends your health insurance cover
that ensures you do not run short of money if your health insurance policy runs out. Secure yourself with Extra Care
and never worry about medical expenses again.
Coverages
Floater Policy (upto 3 Children): Single sum insured for the whole family.
Continuity: Continuity for waiting periods will be given for any policy at any sum insured.
Pre-Acceptance Medical Test: No test till 55 years of age for clean proposals.
Benefits
Income tax benefit on the premium paid as per section 80-D of Income Tax Act as per existing IT law.
Premium starting at Rs.2500 p.a with sum insured options of Rs.10, 12 or 15 lakhs.
This is a floater policy; thus there will be a single sum insured and single premium for the whole family.
If would not satisfied with the coverage, and terms and conditions of the policy, you have the option of
canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Due to unavoidable reasons, sometimes dates get pushed back a little. That's why you now have a grace
period of 30 days for renewing your existing Bajaj Allianz policy. The policy will be considered as continuous.
Now you will no longer be charged higher premium if there has been a claim in the previous policy.
Eligible
Children from 3 months to 5 years can be covered if both the parents are insured with us.
Children from 6 years to 18 years can be covered if either of the parents is covered with us.
The primary member or the proposer can cover self, spouse and 3 children under this policy
Dependent parents can also be covered under this policy, separate policy would be issued to the parents.
The premium would be calculated as per the highest age of the family member.
Members covered under medical expenses (hospitalization) policy. This policy covers the medical expenses
in excess of the specified deductible amount.
Members who do not have any health policy can also opt for this policy; the expenses up to the deductible
limit (per hospitalization) would have to be borne by the member.
All diseases/illnesses existing prior to or at the time of proposing this insurance for a period of 4 years.
Any diseases contracted during the first 30 days of inception of the policy.
Non-allopathic medicine.
Joint replacement surgeries other than due to accident would have a waiting period of 4 years.
Deductible
Deductible means the amount stated in the schedule which shall be borne by the insured with respect to each and
every hospitalization claim incurred within the policy period. The company's liability to make any payment for each
and every claim under the policy is in excess of the deductible. Each and every hospitalization would be considered
as a separate claim. (Except relapse within 45 days, which will be treated as the same claim.)
Deductible
Deductible means the amount stated in the schedule which shall be borne by the insured with respect to each and
every hospitalization claim incurred within the policy period. The company's liability to make any payment for each
and every claim under the policy is in excess of the deductible. Each and every hospitalization would be considered
as a separate claim. (Except relapse within 45 days, which will be treated as the same claim.)
Deductible Table
Sum insured
Deductible Amount
10 lakh
3 lakh
12 lakh
4 lakh
15 lakh
5 lakh
If the claim amount is more than the deductible, the amount above the deductible amount will be payable up to the sum
insured you have opted for.
Deductible Table
Sum insured
Deductible Amount
10 lakh
3 lakh
12 lakh
4 lakh
15 lakh
5 lakh
If the claim amount is more than the deductible, the amount above the deductible amount will be payable up to the sum
insured you have opted for.
This policy covers the insured in case of Permanent Total Disability, Permanent Partial Disability, Temporary
Total Disability & Death
Value Added Service (VAS) partners providing discounts and special offers exclusively for Bajaj
Benefits
10% cumulative bonus benefit for each claim free year, maximum up to 50%. Cumulative
bonus would be passed if continuously renewed with us.
Free Look Period: If you would not be satisfied with the coverage, and terms and conditions of
the policy, you have the option of canceling the policy within 15 days of receipt of the policy
documents, provided there has been no claim.
Due to unavoidable reasons, sometimes dates get pushed back a little. That's why you now
have a grace period of 30 days for renewing your existing Bajaj Allianz policy. The policy will be
considered as continuous for all the waiting periods.
Now you will no longer be charged higher premium if there has been a claim in the previous
policy!
Eligible
balloon or aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of
aircraft anywhere in the world.
Participating as the driver, co-driver or passenger of a motor vehicle during motor racing or trial
o
runs.
As a result of any curative treatments or interventions that you carry out or have carried out on your
o
body.
o
Arising out of your participation in any naval, military or air force operations whether in the form of
military exercises maintained without a break or war games or actual engagement with the enemy, whether
foreign or domestic.
Your consequential losses of any kind or your actual or alleged legal liability.
HIV (Human Immunodeficiency Virus) and/or any HIV related illness including AIDS (Acquired Immune
Deficiency Syndrome) and/or mutant derivatives or variations thereof however caused.
Pregnancy, resulting childbirth, miscarriage, abortion, or complications arising out of any of these.
War (whether declared or not), civil war, invasion, act of foreign enemies, rebellion, revolution, insurrection,
mutiny, military or usurped power, seizure, capture, arrest, restraint or detainment, confiscation or nationalization or
requisition of or damage by or under the order of any government or public local authority.
The benefit amount is payable once the disease is diagnosed meeting specific criteria and the insured
survives 30 days after the diagnosis.
The insured receives the amount as lumpsum so that he can plan the treatment accordingly.
Expenses like donor expenses in a transplant surgery, which are not covered under normal health insurance
policy, can be paid out of the amount received under this cover both in India & abroad.
Key Features
The product is offered from 6 to 65 years.
Medical examination may be required in some cases based on the age and the benefit amount opted by the
proposer.
Sum insured options of Rs. 100000/- to Rs. 5000000/- for age group of 6 yrs. to 60 yrs.
Sum insured options of Rs. 100000/- to Rs. 500000/- for age group of 61 yrs. to 65 yrs.
Illness Covered
Cancer: A claim can be made if the assured is diagnosed as suffering from a malignant tumour, which has invaded
surrounding tissue. A microscopic examination of the cells will be required to confirm the claim.
Coronary Artery Bypass Surgery: When coronary arteries become narrowed or blocked they cannot supply
enough blood to the heart muscle. To correct this and prevent risk of death, a coronary artery bypass surgery is
performed in which two sections of artery on either side of the blockage are connected together. With our health
insurance plan - Critical Illness, you can insure yourself against this serious illness in much the same way as you
insure your car and your house. You will be able to claim if you undergo this surgery for blockage of one or more
coronary arteries.
First Heart Attack (Myocardial Infarction): First heart attack, also known as myocardial infarction, occurs
when part of the heart muscle dies from lack of oxygenated blood. Chest pain is usually felt at the time of the attack,
ECG (electrocardiogram) changes will confirm the diagnosis. A damaged heart also releases enzymes into the
bloodstream and a blood test will show that the heart attack is recent.
Kidney Failure: The kidneys act as filters and remove waste from the blood. When the kidneys fail to do this,
waste builds up in the blood and leads to severe complications. Although it is possible to manage with one kidney; if
both kidneys fail completely, one will need long-term dialysis or a transplant.
Major Organ Transplant: Sometimes a major internal organ is so seriously diseased or damaged that the only
effective treatment is replacement with a healthy one. Kidney transplants are covered under a separate section.
Stroke: A stroke is an incident, which affects the supply of blood to the brain causing permanent neurological
damage such as paralysis or disturbance of speech or vision. Transient ischaemic attacks are excluded as they do
not cause permanent damage and the symptoms do not last for more than few days.
Aorta Graft Surgery: The aorta is the main artery that supplies oxygenated blood to all other parts of the body.
Sometimes, part of the aorta becomes blocked or weak and may need replacement. You will be able to claim if you
need surgery to remove and replace part or the entire aorta.
Primary Pulmonary Arterial Hypertension: Primary pulmonary hypertension a progressive disorder
recommended or which was first manifested or contracted before characterized by high blood pressure
(hypertension) of the main artery of the lungs (pulmonary artery). The pulmonary artery is the blood vessel that
carries blood from the heart through the lungs.
Symptoms of primary pulmonary hypertension include shortness of breath (dyspnoea) especially during exercise,
chest pain, and fainting episodes. The exact cause of primary pulmonary hypertension is unknown.
Multiple Sclerosis with Persisting Symptoms
Permanent Paralysis of Limbs
Coverage
Premium Table
AGE ( in years)
Sum
insured
21- 25
26 - 35
100000
200
300
300000
600
900
500000
1000
1500
1000000
2000
3000
36 - 40
550
1650
2750
5500
41 - 45
800
2400
4000
8000
46 - 50
1200
3600
6000
12000
51 - 55
1750
5250
8750
17500
56 - 60
3000
9000
15000
30000
Home Insurance
My Home Insurance
There is no place like Home, it's our most valued possession and our heaven on earth. Few things in life
matter as much to us, as our home does. After all, it's the heart of our family, our possessions, our
priceless investment and our memories. You take good care of your home - daily cleaning, regular
maintenance, and fresh paint each year to keep it looking beautiful. But don't stop there! Give your home
the best possible protection from unforeseen incidents with the Bajaj Allianz My Home Insurance plan.
At Bajaj Allianz, we understand that whatever be the market value of your house, your home is
invaluable. That's why we bring you a comprehensive home insurance cover - My Home Insurance All
Risk Policy which will protect not only your home, but also the belongings inside it, against risks like fire,
burglary and natural calamities.
Benefits
Provides complete protection for property, contents, and interests of the insured and their family members in
a single policy
Covers your home against loss from fire, burglary and natural calamities
Several home insurance plan types with various coverage options for you to choose from
Exclusions:
The policy does not cover loss or damage to the property by or due to or arising from:
Provides protection for property, domestic and electronic appliances, interests of the insured and their family
members in a single policy
Affordable premium
Attractive rebates
Covered
Section 1 : Fire and Allied Perils
Fire can cause huge damages, which can affect your finances.
This section covers loss or damage to the premises (if specifically declared and insured) and contents whilst
contained in the premises due to the following perils:
Fire
Lightning
Explosion/ Implosion
Aircraft Damage
Impact Damage
Bush Fire
REINSTATEMENT VALUE basis (Which is the value for replacing the item with a new item of same type
and make). At the time of loss the claim will be settled without applying depreciation. In effect you will be getting new
for old of breakdown under this policy possibility of losing your baggage during your travel.
OR
MARKET VALUE basis (Which is the reinstatement value less depreciation depending on the age of the
item). At the time of loss, the claim will be settled after applying depreciation.
NOTE: The electronic equipments/TV etc. which you wish to cover under the respective section need not to be
insured under this section but can be covered under Theft All Risks, electronic section
Exclusion:
5% of the claim amount for every claim arising out of Act of God perils.
Protection provided on first loss basis i.e. 40% of the total value of contents along with list of value needs
The total sum insured should be the market value of the property.
Exclusion:
Loss of livestock, motor vehicles, pedal cycles and money stamps (Unless specifically declared.)
Burglary/House breaking where any member of the insured's family is the principal
Optional Coverage: Air Conditioners can be covered under this section by payment of additional premium @
Rs.10 (Service Tax Extra) per Rs.1000 of Sum Insured.
Exclusion on loss or damage for the following:
Manufacturing defect
Damage resulting due to wear and tear, gradual deterioration, climatic conditions, rust, corrosion and insects
Costs incurred in connection with functional failures due to willful act or gross negligence of the insured
Deductibles: The Insured shall bear the first 10% or Rs.2500/- (whichever is higher) of any claim concerning
computers, and the first 10% or Rs.500/- (whichever is higher) of any claim concerning any other item of electronic
equipment
Section 6 - Baggage
This section will cover the accidental loss or damage caused to personal baggage accompanying the Insured or
Insured's family while traveling anywhere in India.
Section 7 - Plate Glass
Fixed plate glass at the premises may get damaged due to various reasons. We cover it against the accidental
breakage but the details of plate glass along with the value are to be provided.
Exclusions:
Disfiguration, scratching or damage of glass other than fracture extending through the entire thickness of the
glass
Any accident or loss caused in connection with pedal cycle used for hire outside India
Our policy makes provisions to protect such losses by covering you and your family members under this
section Details of each person along with the amount insured for them have to be mentioned
Sometimes our actions can cause injuries or property damages to third parties. In such cases coping with
the liability can result in a large financial burden. We cover such risks as well