“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER” and thereafter, at the end
r, at the end of each policy year at the unit price as on date of allocation of the Investment Options:
Bajaj Allianz CenturyPlus
Flexible and systematic investments are always good for you. At Bajaj Allianz Life Insurance, we
value your investment and reward you for regular investments, giving you unmatched benefits
with great returns.
Bajaj Allianz CenturyPlus offers you a limited premium payment term option and a unique
combination of protection and prospects with attractive returns. With 98% allocation in first
2 years and 100% thereafter, we ensure that your investment income gets accelerated and you
reap benefits from a plan that delivers prosperity and happiness to you.
Some of the key features of this plan are:
• Guaranteed life cover of sum assured plus fund value.
• Take maximum advantage of booming markets today and get maximum allocation on your
funds from the 1st year onwards.
• Loyalty Units to enhance your fund value every year from the sixth policy year.
• An ‘Asset Allocation Fund’ looks after your investments even when the market conditions
change. Our experienced fund managers monitor the mix of assets in the fund and manage
the mix in such situations to maximize your returns.
• If you want to manage the mix of assets for your policy on your own, you have a choice
of 6 other investment funds to invest in. These give you complete flexibility to switch
money from one fund to the other and help you manage your investments better.
• Get the option of limited premium payment ranging between 3 to 10 years.
• Your policy continues to participate in the investment performance of the fund(s) even
if you are unable to pay the premium for 3 full years.
• Flexibility of partial withdrawals at any time after 3 years from commencement of the
policy provided 3 full years’ premiums are paid.
• At maturity, you can take your fund value at maturity date or periodic instalments spread
over a maximum period of 5 years.
• A host of optional additional rider benefits which includes assurance to your family with
accidental death benefit and accidental permanent total/partial disability benefit.
• You also have the option to pay unlimited top-up premiums anytime during the tenure
of your policy to further enhance your savings.
How does the plan work?
Premiums paid by you, net of premium allocation charge, if any, are invested in fund(s) of your
choice and units are allocated depending on the unit price of the fund(s). The fund value of your
policy is the total value of units that you hold in the fund(s). The insurance cover charges, policy
administration charges and the additional rider benefit charges (if any) are deducted through
monthly cancellation of units.
Fund Management Charge is priced in the unit value.
Premium Payment Term
You have the flexibility to select any premium paying term ranging between three to ten years.
Bajaj Allianz CenturyPlus offers you the following cover:
Your Sum Assured is always equal to 5 (five) times of your Annualised premium.
Death Benefit
• The death benefit will be the “Sum Assured in respect of regular premium and top-up premium
(if any) plus the fund value in respect of regular premium and top up premium (if any)’’.
• If three years regular premium has not been paid and the policy has lapsed, then the death
benefit will be the fund value in respect of regular premium and top-up premium (if any).
Loyalty Units
If your policy is not terminated, we shall allocate Loyalty Units at the end of the sixth policy year
These funds are professionally managed by asset managers of Bajaj Allianz, backed with the rich Assurance for you
Loyalty Units, for an amount equivalent to: We offer you a choice of seven (7) investment funds as given below. experience of Allianz SE, one of the largest asset managers in the world today, managing assets Even if you forget to pay your premiums, after three years’ regular premiums are paid, you have
worth over a Trillion Euros (over Rs. 55,00,000 crores)
Policy year end *Loyalty Units as percentage of Loyalty Units as percentage of • Asset Allocation Fund– Risk Profile – High: The investment objective of this fund will be to an option to continue life cover along with all additional rider benefits that you have availed of.
realize a level of total income, including current income and capital appreciation, which is
fund value in respect of First Years’ Annualized Sample Illustration* Under this option, the policy will be kept in force by cancellation of units at the prevailing unit
consistent with reasonable investment risk. The investment strategy will involve a flexible
regular premium Premium price to meet all the charges, provided the value of the units in respect of regular premium less
policy for allocating assets among equities, bonds and cash. The fund strategy will be to adjust Age Maturity Policy Premium Premium Fund Value at Fund Value at surrender charges does not fall to an amount equivalent to one annual premium under the
6 to 10 0.25% 7% the mix between these asset classes to capitalize on the changing financial markets and economic Age Term Paying Term Per Annum maturity maturity policy.
conditions. The fund will adjust its weights in equity, debt and cash depending on the relative @ 6% @ 10%
*Loyalty Units as a percentage of fund value in respect of regular premium will be allocated only
attractiveness of each asset class. Partial withdrawal option
to policies where Annualized Premium is greater than or equal to Rs. 100,000. 25 35 10 5 25,000 162,541 220,701
Fund Exposure 25 35 10 10 25,000 307,579 383,595 Anytime after three years from the date of commencement of the policy provided regular premiums
• No Loyalty Units will be allocated on fund value in respect of top-up premium (if any).
Equities 0% to 100% for three full years’ have been paid, you have the option to partially withdraw units from fund(s)
35 45 10 5 25,000 160,852 218,734
Maturity Benefit subject to following conditions:
Debt 0% to 100% 35 45 10 10 25,000 305,890 381,627
On maturity, the fund value in respect of regular premium and top up-premium (if any) will be • The minimum amount of withdrawal is Rs. 5,000.
Money Market Instruments 0% to 20%
paid. *This is an indicative projection on basis of prescribed growth rate by the regulator. The above • Maximum partial withdrawal allowed should be equal to fund value minus two annual
• Liquid Fund - Risk profile - Low: The investment objective of this fund is to have a fund that projection is based on 100% investment in ‘Bond Fund’ for male healthy lives. premiums. This means a minimum fund value of two annual premiums must be maintained
Surrender Benefit protects invested capital through investment in liquid money market and short-term at any given time.
instruments. Flexibility – To suit your changing requirements
• The surrender value of the policy will be equal to the fund value less surrender charge, if any. • All partial withdrawals are to be made from eligible top-up premium units, if any. Once the
Fund Exposure Bajaj Allianz CenturyPlus offers you the flexibility to suit the policy according to your top-up premium units are exhausted, further partial withdrawals will be made from regular
• After three years from the date of commencement of the policy, you have the option to avail
requirements. premium units.
of surrender benefit by complete surrender of units at any point of time. Bank Deposits & Money Market Instruments 100%
Not more than 20 % of the allocated premium can be put in this fund. Flexibility to manage your investments: • For the purpose of partial withdrawals, each payment of top-up premium shall have a lock-in
Additional Rider Benefits available
period of three years, unless the payment of top-up premium is made in the last 3 policy years.
The following additional rider benefits in the form of rider can be availed at the option of the • Bond Fund - Risk profile - Moderate: The investment objective of this fund is to provide You can choose to invest fully in any one fund or allocate your premiums into the various
• In case of minor life, partial withdrawal is allowed after attaining the age of 18 years.
policyholder. accumulation of income through investment in high quality fixed income securities. funds in a proportion that suits your investment needs. The proportion of allocated premium
to any fund must be atleast 5%. At any policy anniversary, you also have the flexibility to • No charge is applicable on partial withdrawals either from top-up premium units or from
• UL Accidental Death Benefit Rider (UL ADB) Fund Exposure
change the proportion of future premiums to the funds. The maximum allocation to Liquid regular premium units
• UL Accidental Permanent Total/ Partial Disability Benefit Rider (UL APTPDB) Bank Deposits & Money Market Instruments 0% to 20% fund will not exceed 20% of the allocated premium.
• We may vary the minimum value of units at NAV to be withdrawn and/or the minimum balance
(Please refer to the additional rider benefits brochure for more details.) G-Secs, Bonds & Fixed Deposits 80% to 100% Depending on the performance of funds, you can switch units between funds with three of value of units to be maintained after such partial withdrawals subject to prior approval from
You have the flexibility to add and remove the riders at any policy anniversary subject to rider free switches every policy year, subject to a minimum switching amount of Rs. 5,000 or the IRDA.
• Equity Growth Fund - Risk profile - Very High: The investment objective of this fund is to
terms and conditions. value of units, whichever is lower. Switching of units under lapsed policies shall not be
provide capital appreciation through investment in select equity stocks that have the potential
for capital appreciation. allowed Settlement Option
Fund Value: The fund value is equal to the number of units under this policy multiplied by the
respective unit price on the relevant valuation date. Plan your maturity proceeds by exercising the settlement option with us. This facilitates you to
Fund Exposure Flexibility - To pay top-up premiums:
receive your maturity proceeds in equal instalments (payable yearly, half yearly, quarterly or
Unit Price: The unit price of each fund is arrived at by dividing the Net Asset Value (NAV) of the Bank Deposits & Money Market Instruments 0% to 20%
• We offer you the flexibility to pay unlimited top up premiums at any time provided all due monthly, at your option) spread over a maximum period of 5 years.
fund by the number of units existing in the fund at the valuation date.
Equities 80% to 100% regular premiums have been paid.
Valuation Date: We aim to value the funds on each day the financial markets are open. However, The amount paid out in each installment will be the outstanding fund value at that date divided
• The amount of top up premium paid shall determine the top up sum assured. At the time
we may value the funds less frequently in extreme circumstances, where the value of assets is too • Equity Index Fund II - Risk profile - High: The investment objective of this fund is to provide by the number of outstanding installments.
capital appreciation through investment in equities forming part of NSE NIFTY. of making any payment of top up premium, you may in writing choose the level of top up
uncertain. In such circumstances, we may defer the valuation of assets for upto 30 days until we No risk cover will be available during the settlement period. The company however will deduct all
sum assured from amongst the available choices, which are between 1.25 times to 5
feel that certainty as to the value of assets is resumed. The deferment of valuation of assets will the charges (except the mortality charge and rider premium charge, if any). No partial withdrawals
Fund Exposure times of the top up premium paid, (the default choice always being 1.25 times the Top Up
be with prior consultation with the IRDA. or switches are allowed during the settlement period.
Bank Deposits & Money Market Instruments 0% to 15% Premium paid).
Currently, the cut-off time is 3.00 p.m. for applicability of Unit Price of a particular day for
switches, redemptions and publication of Unit Price. Equities 85% to 100% • You may also choose to have no risk cover for top up premium paid in which case the top Non-Forfeiture
up sum assured will be NIL, provided the total amount of top up premiums paid or
• Accelerator Mid-Cap Fund - Risk profile - Very High: The investment objective of this fund is If any due regular premium is not paid within the grace period in the first three policy years, the
Computation of NAV: proposed to be paid does not exceed 25% of the regular premium paid till date.
to achieve capital appreciation by investing in a diversified basket of mid cap stocks and large policy shall immediately lapse for the insurance cover including additional rider benefits, if any.
When Appropriation price is Applied: The NAV of a fund shall be computed as the market value • If, at any time, the total amount of top up premiums paid or proposed to be paid exceeds However, during the period of lapsation, the policy shall continue to participate in the investment
cap stocks.
of investment held by the fund plus the expenses incurred in the purchase of the assets plus the 25% of the regular premium paid till date, the top up sum assured will be between 1.25 performance of the underlying funds, subject to deduction of all charges except mortality charge
value of any current assets plus any accrued income net of fund management charges less the Fund Exposure times and 5 times (as notified by you in writing to us) of the portion of top up premium
and rider premium charges, if any.
value of any current liabilities less provision, if any. This gives the net asset value of the fund. Bank Deposits & Money Market Instruments 0% to 20% exceeding 25% of the regular premium paid till date.
You may revive the policy within a revival period of four years from the due date of first unpaid
Dividing by the number of units existing at the valuation date (before any new units are allocated), Equities 80% to 100% • We may ask you to undergo any medical examination to verify your health. regular premium subject to recovery of any due but un-recovered charges except mortality charge
gives the unit price of the fund under consideration. This is applicable when the company is
• The minimum top up premium payable is Rs. 5,000, subject to our right to increase this and rider premium charge, if any, from the due date of first unpaid premium, failing which the
required to purchase assets to allocate units at the valuation date. Minimum 50% of Equity Investments would be in Mid-Cap stocks
minimum amount from time to time subject to prior approval from IRDA. policy shall be terminated and the fund value as on date of termination less surrender charge
When Expropriation price is applied: The NAV of a fund shall be computed as the market value • Pure Stock Fund - Risk profile - Very High: The investment objective of this fund is to specifically • The increase in top up premium sum assured will not impact regular premium benefits shall be paid at the expiry of the revival period.
of investment held by the fund less the expenses incurred in the sale of the assets plus the value exclude companies dealing in Gambling, Contests, Liquor, Entertainment (Films, TV etc.), Hotels, or additional rider benefits. If all the due regular premiums have been paid for at least first three consecutive years and
of any current assets, plus any accrued income net of fund management charges less the value Banks and Financial Institutions.
of any current liabilities less provision, if any. This helps compute the net asset value of the fund. • There would be a 3-years lock in period on the top up premium except for the top up subsequent premiums are not paid, you will be given an opportunity to revive the policy within
Dividing by the number of units existing at the valuation date (before any units are redeemed), Fund Exposure premium paid in the last three years of the contract. The lock-in on top up premium shall four years from the due date of first unpaid premium. During this limited period of revival or upto
gives the unit price of the fund under consideration. This is applicable when the company is Bank Deposits & Money Market Instruments 0% to 20% apply from the date of payment of each top-up premium. the maturity date, whichever is earlier, the policy shall continue for full insurance cover including
required to sell assets to redeem units at the valuation date. additional rider benefits, if any, levying all appropriate charges by cancellation of units at the
Equities 80% to 100%
prevailing unit price till the fund value in respect of regular premium less surrender charge, if any,
CMYK
does not fall to an amount equivalent to one annual premium (NAV) across all the funds. Termination Conditions through cancellation of units on a monthly basis and would be applied on sum assured.
Life
Why Bajaj Allianz Life Insurance?
At the end of four years i.e. period of revival, if the contract is not revived and if the maturity date This Policy shall automatically terminate on the earlier occurrence of either of the following Sample standard mortality charges per annum per thousand of sum assured for male lives are
Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world’s
Individual
has not yet arrived, you can opt to continue the policy with full insurance cover including additional events: given in the table below: leading insurer and Bajaj Auto, one of India’s most respected names. Allianz SE is a leading
rider benefits, if any, subject to deduction of all charges till the fund value in respect of regular Age 20 30 40 50 insurance conglomerate globally and one of the largest asset managers in the world, managing
• The units in the policy are fully surrendered;
premium less surrender charge, if any, does not fall to an amount equivalent to one annual assets worth over a Trillion Euros (over Rs. 55,00,000 crores). At Bajaj Allianz, we realize that
• The fund value in respect of regular premium less surrender charge, if any, falls to an amount Mortality Charge per annum per thousand of 1.12 1.29 2.37 6.08 you seek an insurer you can trust your hard earned money with. Allianz SE has more than
premium (NAV) across all the funds.
equivalent to one annual premium provided regular premiums have been paid for 3 full years; sum assured for male lives 110 years of financial experience in over 70 countries and Bajaj Auto, trusted for over 55
When the fund value in respect of regular premium less surrender charge, if any, falls to an years in the Indian market, are committed to offering you financial solutions that provide
• Upon death of the life assured.
amount equivalent to one annual premium or you do not opt to continue the policy after the • Rider Premium Charges: The charges for additional rider benefits selected shall be recovered all the security you need for your family and yourself.
revival period or the maturity date arrives before the expiry of revival period, the policy shall be • Upon the policy remaining as lapsed for the revival period of four years. through cancellation units on a monthly basis. At Bajaj Allianz , customer delight is our guiding principle. Ensuring world class solutions
terminated by paying the fund value as on date of termination less surrender charge, if any. • Upon maturity, unless you have opted for the settlement option or, by offering you customized products with transparent benefits supported by the best
Revision of charges technology is our business philosophy.
• The expiry of the period for the settlement option.
Important Details of the Bajaj Allianz CenturyPlus Plan
After taking due approval from the IRDA, we reserves the right to change the following charges: Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states:
Parameter Details Fund Access - Loan • Fund Management Charge up to a maximum of 2.75% p.a. of the NAV for the Equity Growth • No person shall allow or offer to allow, either directly or indirectly, as an inducement to
Loan is not available under this Plan. Fund and Accelerator Mid-Cap Fund and Pure Stock Fund 2.25% p.a. for the Equity Index Fund any person to take out or renew or continue an insurance in respect of any kind of risk
Minimum Age at Entry 8 years
II and Asset Allocation Fund, 1.75% p.a. for the Bond Fund and Liquid Fund. relating to lives or property in India, any rebate of the whole or part of the commission
Minimum age at entry for all riders is 18 years Tax Benefits payable or any rebate of the premium shown on the policy, nor shall any person taking
• Switching charge upto a maximum of Rs.200 per switch or 5% of the switching amount,
Maximum Age at Entry 60 years (50 years in case of all Additional Rider Premiums paid and benefits received will be eligible for tax benefits as per applicable tax laws. whichever is lower. out or renewing or continuing a policy accept any rebate, except such rebate as may be
Benefits) allowed in accordance with the published prospectuses or tables of the insurer.
• Miscellaneous charge upto a maximum of Rs.200/- per transaction
Minimum Maturity Age 18 years As per the current tax laws: • Any person making default in complying with the provision of this section shall be
• If you disagree with the charges, you will be allowed to exit the plan at the prevailing unit price punishable with a fine that may extend to five hundred rupees.
Maximum Maturity Age 70 years • Premiums payable are eligible for tax benefits as per Section 80C of the Income Tax Act.
after applying surrender charge, if any
• Partial Withdrawals, Surrender Value, Death Benefit and Maturity Benefit are eligible for tax Contact Details :
Additional Rider Benefit Ceasing Age 65 years
benefits as per Section 10(10D) of the Income Tax Act. Risks of Investment in the Units of the Plan: Bajaj Allianz Life Insurance Company Limited, G.E. Plaza, Airport Road, Yerawada,
Minimum / Maximum Term 10 years Pune - 411 006. Tel: (020) 6602 6777. Fax: (020) 6602 6789.
In case of change in any tax laws relevant to the policyholder or the fund performance, the same The proposer/life Assured should be aware that the investment in the Units is subject to the
Minimum Premium Paying Term 3 years
will be applied as per regulations prevailing at that point of time following, amongst other risks and should fully understand the same before entering into any BSNL Tata Bharti Reliance
Maximum Premium Paying Term 10 years Toll free
unit linked insurance contract with the Company. 1800 233 7272 1800 209 7272 1800 103 7272 1800 3000 7272
Minimum Premium Rs 25,000 per yearly installment, General Exclusion email : life@bajajallianz.co.in
• Unit Linked Life Insurance products are different from the traditional insurance products and For any other
In case the life assured commits suicide within one year of the date of commencement/revival of chat : bajajallianzlife.co.in/chat
Rs 12,500 per half-yearly installment, are subject to the risk factors. Tel. : 020-30587888 Standard STD charges apply
url : www.bajajallianzlife.co.in
the policy, the amount payable would be the value of the units in your account.
Rs 2,500 per monthly mode • The premium paid under unit linked life insurance policies are subject to investment risks This brochure should be read in conjunction with the Benefit Illustration and Policy Exclusions.
(Monthly mode is available through ECS and associated with capital markets and the unit price of the units may go up or down based on Please ask for the same along with the quotation.
Charges Under the Plan
Salary Saving Scheme only). the performance of the fund and factors influencing the capital market and the life assured/
• Policy Administration Charge: 1.75% p.a. of the sum assured, determined at inception and SECTION 45
policyholder is responsible for his/her decisions.
Minimum Top Up Premium is Rs. 5,000. deducted at each monthly anniversary by cancellation of units irrespective of the status of No Policy of life insurance effected after the coming into force of this Act shall, after the
• Bajaj Allianz Life Insurance is only the name of the insurance company and Bajaj Allianz expiry of two years from the date on which it was effected, be called in question by an insurer
Minimum / Maximum Sum Assured 5 times Annualised Premium the policy.
CenturyPlus is only the name of the policy and does not in any way indicate the quality of the on the ground that a statement made in the proposal for insurance or in any report of a
• Fund Management Charge: 1.75% p. a. of the NAV for Equity Growth Fund and Accelerator policy, its future prospects or returns.
*You can change the premium payment mode on any policy anniversary. medical officer, or referee, or friend of the insured, or in any other document leading to the
Mid-Cap Fund and Pure Stock Fund 1.25% p.a. of the NAV for Equity Index Fund II and Asset issue of the policy, was inaccurate or false, unless the insurer shows that such statement was
• Please know the associated risks and the applicable charges from your policy document or by
Allocation Fund, 0.95% p.a. of the NAV for Bond Fund and Liquid Fund. The Fund Management on a material matter or suppressed facts which it was material to disclose and that it was
Free Look Period consulting the Company, your Insurance agent or your Insurance intermediary.
Charge is charged on a daily basis and adjusted in the unit price. fraudulently made by the policy-holder and that the policy holder knew at the time of making
Within 15 days from the date of receipt of the policy, you have the option to review the terms and • Equity Index Fund II, Accelerator Mid-Cap Fund, Equity Growth Fund, Pure Stock Fund, Asset
• Premium Allocation Charge: it that the statement was false or that it suppressed facts which it was material to disclose.
conditions and return the policy, if you disagree to any of the terms & conditions, stating the
reasons for your objections. You will be entitled to a refund of the premium paid, subject only
to a deduction of a proportionate risk premium for the period on cover and the expenses incurred
Premium allocation charge for regular premiums: 2% for premiums due in first 2 policy
years and NIL thereafter
Allocation Fund, Bond Fund and Liquid Fund are the names of the funds offered currently
with Bajaj Allianz CenturyPlus, and in any manner does not indicate the quality of the respective
funds, their future prospects or returns.
CenturyPlus is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the
capital markets. The policyholder is sole responsible for his/her decisions while investing in ULIPs. Bajaj
CenturyPlus
on medical examination and stamp duty charges. The refund paid to you will also be reduced or
Premium allocation charge for top up premiums: 2%. • The investments in the Units are subject to market and other risks and there can be no assurance
Allianz Life Insurance and CenturyPlus are the names of the company and the product respectively and do not Bajaj Allianz CenturyPlus
increased (as applicable) by the amount of any reduction or increase in the fund value, if any, due in any way indicate the quality of the product and its future prospects or returns. All Charges applicable shall
that the objectivities of any of the funds will be achieved. be levied. The policy document is the conclusive evident of contract and provides in details all the conditions
to a fall or rise in the unit price between the date of allocation and redemption of units (without • Fund Switching Charges: Three free switches would be allowed every year. Subsequent switches “Score a century with your investment plan”
• The Equity Growth Fund, Equity Index Fund II, Accelerator Mid-Cap Fund, Pure Stock Fund, and exclusions related to the CenturyPlus.
reference to any premium allocation rate or charges). would be charged @ 5% of switch amount or Rs. 100, whichever is lower, on each such
occasion. Asset Allocation Fund, Bond Fund and Liquid fund do not offer a guaranteed or assured Unique Identification
CenturyPlus : 116L053V01 UL ADB : 116A013V01 UL APT/PDB : 116A014V01
Days of Grace return. Number (UIN) :
• Miscellaneous Charge: The miscellaneous charge would be Rs.100/- per transaction in respect
A grace period of 30 days for the yearly, half yearly and quarterly modes and of 15 days for the of reinstatement, alteration of premium mode or issuance of copy of policy document • All benefits payable under the Policy are subject to the tax laws and other financial enactments,
monthly mode is allowed under the policy. Your policy remains in force for all insurance covers, as they exist from time to time.
• Surrender Charge:

BJAZ-B-0049\20-Mar-08
if any, even if the due premiums are not paid during this period. • The past performance of the funds of the company is not necessarily an indication of the
[1 – (1/1.10)^N ] * First Years’ Annualized Premium.
future performance of any of these funds.
Revival of the Policy where N is 5 years less the elapsed policy duration in years and fraction thereof.
It is possible to revive a policy that has lapsed due to non-payment of premiums within 4(four) No Surrender Charge will be applied on units in respect of top up premium.
years from such date of lapse. You have to give a written application to us to revive the policy with
• Mortality Charges: The mortality charge would vary according to the gender and attained age
all due unpaid regular premiums. The revival will be effected subject to underwriting. We may
of the life assured at the time of deduction of the charge. This charge would be recovered
disallow the revival of the policy on the original terms and conditions Insurance is the subject matter of the solicitation.
Bajaj Allianz Life Insurance Company Limited

CMYK