IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

bajajallianzlife.com

Fa mily’ s Life G oa ls

Bajaj Allianz Life

Smart Wealth Goal
A Unit-linked Non-Participating Life Insurance Plan
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant
The unit linked insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not
be able to withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year.

Bajaj Allianz Life Smart Wealth Goal

Life is about making smart choices, so are savings and investments. Especially when these choices are about your Life Goals.
Presenting Bajaj Allianz Life Smart Wealth Goal, an insurance plan loaded with smart features like Life cover, Return of Life
Cover charge, Return of Allocation charge and multiple investment strategies to make the most of your investment.
Bajaj Allianz Life Smart Wealth Goal is a non-participating, individual, life, Regular Premium, Limited Premium & Single
Premium1, Unit-Linked endowment plan. You can opt for any one out of the three variants offered under the plan. The chosen
variant cannot be changed during the term of the policy.
 Wealth
 Child Wealth
 Joint Life Wealth
For details of “Child Wealth” variant and “Joint Life Wealth” variant, please refer to the respective Sales Literatures

How does the Plan work?

In Bajaj Allianz Life Smart Wealth Goal, Premiums paid by you, are invested, as per your chosen portfolio strategy across the
various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the Fund, post deduction of Premium
Allocation Charge. The Mortality charge and Policy Administration charge is deducted monthly through cancellation of units.
Fund management charge is adjusted in the Unit Price/NAV.

Bajaj Allianz Life Smart Wealth Goal – Joint Life Wealth Variant
Key Advantages
2
 Joint Life Cover
 Single Premium Payment
 Loyalty Benefits
 Return of Allocation Charge (ROAC)
 Fund Boosters
 Return of Mortality Charge (ROMC)
 Option to receive Maturity Benefit or Death Benefit in installments with Return Enhancer
 Choice of five (5) investment portfolio strategies
 Choice of ten (10) Funds
 Tax benefit may be as per prevalent tax laws

1
available only for Joint Life Wealth variant
2
Under Joint Life, the relationship between the two Life Assured's can be the spouse / child / parent / grandparent / co-borrower etc.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Benefits payable

Maturity Benefit
The Maturity Benefit will be the Fund value as on the date of maturity of your Policy, provided the Policy is in-force and either of
the lives is alive on the date of maturity.

Death Benefit
 In case of first unfortunate death of the primary or secondary Life Assured during the Policy term, any amount in excess of
1.25 times of Single Premium over the Single Premium Fund value and any amount in excess of 1.25 times Top up Premium
over Top up Premium Fund value, if any, will be added to the Fund value4a and the Policy will continue with Life Cover on the
surviving Life Assured
 On death of the surviving Life Assured (second death), during the Policy Term, the Death Benefit payable will be:
4b
Higher of, Sum Assured or Single Premium Fund Value

plus
Higher of, Prevailing Top up Sum Assured or Top up Premium Fund Value, if any or

On death of the surviving Life Assured (second death), the total Death Benefit shall be at least the Guaranteed Benefit4 of 105%
of Total Premiums5 paid
All the above is paid as on date of receipt of intimation of death at the Company's office. The Policy will terminate on the date of
intimation of second death.

Loyalty Benefits (LB)

The Company shall add Loyalty Benefits to the Single Premium Fund value.
The Loyalty Benefits available in the plan are as mentioned below:
Return of Premium Allocation Charge (ROAC): At the end of the 10th Policy year or on the maturity date of the policy,
whichever is earlier, the total of all the Premium Allocation charges deducted under the Policy will be added into the fund as
Loyalty Benefit.
Fund Boosters: At the end of 15th, 20th, 25th and 30th year (as applicable in the Policy), Fund Booster as a percentage of the
Average of the daily Single Premium Fund value during the previous 3 years (including the current year) will be added into the
Fund as Loyalty Benefit.
The applicable percentages are as given in the table below.

End of Policy Year 15th year 20th year 25th year 30th year

Fund Booster (%) 1.00% 1.25% 1.50% 1.75%

Note:
 Loyalty Benefits will not be paid for a Surrendered Policy.
 Loyalty Benefits will be allocated in Funds in the same proportion of the Fund value as at the date of addition
 There will not be any Loyalty Benefits with respect to any Top up Premiums paid or any Top up Premium Fund value
 ROAC will exclude any Goods & Service Tax/any other applicable tax with respect to the Premium Allocation charge
deducted, subject to change in tax laws

4a
If the Single Premium Fund value is already in excess of 1.25 times of Single Premium and/or Top up Premium Fund value, if any, is already in
excess of 1.25 times Top up Premium, then, no amount will be added.
4b
Sum Assured/ Guaranteed Benefit: The Death Benefit, on death of the surviving Life Assured (second death), shall be reduced to the extent of the
non-systematic partial withdrawals made from the Single Premium Fund during the two (2) year period immediately preceding the death of the Life
Assured
5
Total Premiums paid shall be the Single Premium paid and any Top up Premiums paid till date
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Return of Mortality Charge (ROMC)

At the end of the Policy Term, on the maturity date, the total amount of Mortality charges deducted in respect of Life cover
provided throughout the Policy Term, will be added back as ROMC, to the Fund value, subject to both lives being alive on the
date of maturity. ROMC is not applicable in case of a Surrendered Policy.
Note:
1) ROMC will be allocated to the Fund(s) in the same proportion of the Fund value as on the maturity date
2) ROMC will be excluding any extra Mortality charge & or Goods & Service Tax/any other applicable tax levied on the Mortality
charge deducted, subject to changes in tax laws

Sample Illustration
Pankaj aged 50 years and his wife Pooja also aged 50 years, have taken Bajaj Allianz Life Smart Wealth Goal (Joint Life Wealth)
for a Policy Term of 20 years. Pankaj has paid a Single Premium of ` 1,00,000. Lets see the benefits available under the plan.

TOTAL SURVIVAL & MATURITY BENEFIT

0 years 5 years 10 years 15 years 20 years

Single Premium Fund Booster + Return of

of ` 1,00,000 Return of Allocation Fund Booster Mortality Charge (ROMC) +
Charge (ROAC) `2,000 `2,138 @ 8% Maturity Benefit (Fund value)
Premium `1,243 @ 4%

At the end of At the end of

At the end of 20th year
At investment 10th year 15th year Total Benefit
return6 Return of Allocation Fund Booster Return of Mortality Maturity Benefit (A+B+C)
Charge (ROAC) Fund Booster
[A] Charge (ROMC) [B] (Fund value) [C]
8% `2,000 `2,138 `3,618 `1,762 `3,15,077 `3,20,457
4% `2,000 `1,243 `1,720 `3,621 `1,41,259 `1,46,600

DEATH BENEFIT
th
In case of death of the surviving Life Assured on the 17 year after the death of the primary Life Assured, the Death
Benefit, based on the assumed investment returns, are as per the table given below.

0 years 5 years 10 years 15 years 17 years 20 years

Return of Allocation Fund Booster Death Benefit at

Charge (ROAC) `2,000 `2,138 @ 8% 17th year
Premium `1,243 @ 4%

At investment return6 Death Benefit at 17th year The Death Benefit is subject to a minimum of the Guaranteed Benefit, which is 105% of the total
Premiums paid, till the date of death.
All figures are in rupees. The returns indicated at 4% and 8% are illustrative and not guaranteed,
8% subject to Policy terms & conditions and do not indicate the upper or lower limits of returns
`10,00,000 under the Policy.
4%
6
The above illustrations are considering investment is in the "Pure Stock Fund II and Goods & Service Tax of 18%".
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Eligibility
Parameter Details
0 year
Minimum Entry Age In case of minor life, the risk cover will commence immediately on date of commencement
of Policy and the Policy will vest on the attainment of majority (age 18 years)

Maximum Entry Age 70 years

Minimum Age at Maturity 18 years
Maximum Age at Maturity 80 years
Policy Term Min 7 years and Max 30 years
Premium Paying Term Single Premium
Minimum Premium ` 1,00,000
Maximum Premium No Limit
Premium Payment Frequency Single Premium
Minimum & Maximum Sum Assured 10 times Single Premium
Maximum Sum Assured in a policy will be as per the board approved underwriting policy (BAUP).
Minimum Top up Sum Assured 1.25 times Top up Premium
Maximum Top up Sum Assured 10 times Top up Premium

Age calculated is age as at the last birthday

Prevailing Top up Sum Assured is based on Top up Sum Assured amount

Policy Features

Surrender Value
You have the option to surrender your Policy at any time.
i. On surrender during the lock-in period of first five years of your Policy, the Fund value, less the Discontinuance/Surrender
charge, as on the date of surrender, will be transferred to the Discontinued Life Policy Fund, and all risk covers will cease
immediately. The option to revive the policy will not be available to such a surrendered policy. The Discontinued value as at
the end of the lock-in period will be available to you as Surrender Value.
ii. On surrender after the lock-in period of first five years of your Policy, the Surrender Value available will be Single Premium
Fund value along with Top up Premium Fund value, if any, as on the date of surrender, and will be payable immediately.
iii. The Policy shall terminate upon payment of the full Surrender/Discontinued value by the Company.

Investment Options and Funds

Bajaj Allianz Life Smart Wealth Goal provides you with five unique portfolio strategies, out of which any one can be chosen at
the inception of your Policy:
 Investor Selectable Portfolio Strategy
 Wheel of Life Portfolio Strategy II
 Trigger Based Portfolio Strategy II
 Auto Transfer Portfolio Strategy
 Capital Preservation-Oriented Strategy
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant
a) Investor selectable Portfolio Strategy: If you want to allocate your Premiums based on your personal choice and decision,
you can opt for this strategy and choose from among the ten (10) Funds below to suit your investment needs.
i. Equity Growth Fund II Risk Profile – Very High (SFIN: ULIF05106/01/10EQTYGROW02116)
The investment objective of this Fund is to provide capital appreciation through investment in selected equity stocks that
have the potential for capital appreciation.
Portfolio Allocation:
Equity Not less than 60%

Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

ii. Accelerator Mid-Cap Fund II Risk Profile – Very High (SFIN: ULIF05206/01/10ACCMIDCA02116)
The investment objective of this Fund is to achieve capital appreciation by investing in a diversified basket of mid cap stocks
and large cap stocks
Portfolio Allocation:
Not less than 60%, Out of the equity investment at least 50%
Equity
will be in mid cap stocks
Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

iii. Pure Stock Fund Risk profile - Very High (SFIN: :ULIF02721/07/06PURESTKFUN116)
The investment objective of this Fund is to specifically exclude companies dealing in Gambling, Contests, Liquor, Entertainment
(Films, TV etc.), Hotels, Banks and Financial Institutions.
Portfolio Allocation:
Equity Not less than 60%

Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

iv. Pure Stock Fund ll Risk profile - Very High (SFIN: :ULIF07709/01/17PURSTKFUN2116)
The investment objective of this Fund is to specifically exclude companies dealing in Gambling, Contests, Liquor, Entertainment
(Films, TV etc.), Hotels, Tobacco & Tobacco related institutions.

Portfolio Allocation:
Equity Not less than 75%

Money market instruments Cash, Fixed Deposits, Mutual

0% to 25%
Funds7

v. Asset Allocation Fund II Risk Profile – High (SFIN: ULIF07205/12/13ASSETALL02116)

The investment objective of this Fund will be to realize a level of total income, including current income and capital
appreciation, which is consistent with reasonable investment risk. The investment strategy will involve a flexible policy for
allocating assets among equities, bonds and cash. The Fund strategy will be to adjust the mix between these asset classes to
capitalize on the changing financial markets and economic conditions. The Fund will adjust its weights in equity, debt and
cash depending on the relative attractiveness of each asset class.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant
Portfolio Allocation:
Equity 40% - 90%

Debt, Bank deposits & Fixed Income Securities 0% - 60%

Money market instruments 0% - 50%

vi. Bluechip Equity Fund Risk Profile – High (SFIN: ULIF06026/10/10BLUECHIPEQ116)

The investment objective of this Fund is to provide capital appreciation through investment in equities forming part of NSE
NIFTY.
Portfolio Allocation:
Equity Not less than 60%

Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

vii. Bond Fund Risk Profile – Moderate (SFIN: ULIF02610/07/06BONDFUNDLI116)

The investment objective of this Fund is to provide accumulation of income through investment in high quality fixed income
securities.
Portfolio Allocation:
Debt and debt related securities incl. Fixed deposits 40 to 100%

Money market instruments, Cash, Mutual Funds7 0% to 60%

viii. Liquid Fund Risk Profile – Low (SFIN: ULIF02510/07/06LIQUIDFUND116)

The objective of this Fund is to have a Fund that aims to protect the invested capital through investments in liquid money
market and short-term instruments.
Portfolio Allocation:
Bank deposits and Money Market Instruments 100%

ix. Flexi Cap Fund Risk Profile – Very High (SFIN: ULIF07917/11/21FLXCAPFUND116)
To achieve capital appreciation by investing in a diversified basket of stocks across market capitalizations i.e. Large cap, mid cap
and small cap
Portfolio Allocation:

Equity and Equity related Instruments 65% - 100%

Cash, Bank deposits, Liquid Mutual funds#

0% - 35%
and money market instruments

x. Sustainable Equity Fund Risk Profile – Very High (SFIN: ULIF08017/11/21SUSEQUFUND116)

To focus on investing in select companies from the Investment universe, which conduct business in socially and
environmentally responsible manner while maintaining governance standards

Equity and Equity related Instruments 65% - 100%

Cash, Bank deposits, Liquid Mutual funds#

0% - 35%
and money market instruments
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant
1
The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.
#1
The maximum investment in Liquid mutual funds shall be governed by the relevant IRDAI guidelines.

 You can choose one or more investment Funds within the Investor selectable Portfolio Strategy.
 You have the option to switch units from one Fund to another, by giving written notice to the Company.
 The Company may add, close, merge, modify or consolidate the Funds under this Policy with prior approval from the IRDAI.

b) Wheel of Life Portfolio Strategy - II:

 This strategy provides you with “Years to maturity based portfolio management”.
 You can opt for this Portfolio Strategy at the commencement of the Policy or can switch to this Portfolio Strategy at any
subsequent Policy Anniversary by giving a written notice to the Company 30 days in advance.
 If you have opted for this Portfolio Strategy at the commencement of the Policy, the Regular/Limited Premium and the Top
up Premium, if any, would be allocated in the Funds mentioned (namely Equity Growth Fund II, Accelerator Mid-Cap Fund II,
Bond Fund & Liquid Fund) in the proportion as mentioned in the table below, depending on the outstanding years to
maturity.
 If you have switched to this Portfolio Strategy at any subsequent Policy Anniversary:
 The company will reallocate the Regular Premium Fund value and Top up Premium Fund value among various Funds in
the proportion mentioned in the table below depending on the outstanding years to maturity of the Policy.
 The Regular/Limited Premiums and Top up Premiums, if any paid in that particular Policy year will also be allocated in
the same proportion.
 On each Policy Anniversary, the company will reallocate the Regular Premium Fund value and Top up Premium Fund value
among various Funds in the proportion based on the outstanding years to maturity of the Policy.
 All allocation & de-allocations of units shall be based on the prevailing unit price/NAV.
 This will ensure that a balance is maintained between the Policyholder's “years to maturity” and level of risk on investments
to optimize the returns.
 The Premium (Regular/Limited and Top up Premium, if any) and Fund value (Regular Premium Fund value and Top up
Premium Fund value) allocation/reallocation will be as follows:
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Proportion in Following Funds

Years to
Equity Growth Accelerator
Maturity Bond Fund Liquid Fund Total
Fund II Mid-Cap Fund II
10 & Above 40% 45% 15% 0% 100%
9 35% 50% 15% 0% 100%
8 30% 55% 15% 0% 100%
7 25% 60% 15% 0% 100%
6 25% 60% 15% 0% 100%
5 20% 65% 15% 0% 100%
4 20% 55% 15% 10% 100%
3 20% 50% 15% 15% 100%
2 10% 30% 30% 30% 100%
1 0% 0% 35% 65% 100%
 You will not have the option to switch units or change the apportionment of Premium to various Funds, under the Wheel of
Life Portfolio Strategy - II.
 You can switch out of this Portfolio Strategy at any Policy Anniversary by giving a written notice to the Company 30 days in
advance.
 In case of Partial withdrawal, the withdrawal of units from each Fund will be done in the same proportion as the value of the
Units held in that Fund as on date of withdrawal. You will not have any choice to opt the Fund from which the partial
withdrawal of units is to be done.

c) Trigger Based Portfolio Strategy II:

 You can opt for this Portfolio Strategy at the commencement of the Policy
 Under this Portfolio Strategy, Regular/Limited Premium and Top up Premiums if any, (after any Premium Allocation charge)
will be allocated between two Funds, Equity Growth Fund II (an equity-oriented Fund), and Bond Fund (a debt-oriented
Fund), in a 75%: 25% proportion.
 The Fund value proportions may subsequently get altered due to market movements. On the pre-defined trigger event
mentioned below, the Funds will be re-balanced or reallocated.
 The trigger event is a 15% upward or downward movement in unit price/NAV of Equity Growth Fund II or in the unit
price/NAV of the Bond Fund, since the previous rebalancing or from the unit price/NAV at the inception of the Policy,
whichever is later.
 On the occurrence of the trigger event of 15% upward movement with respect to:
 The Equity Growth Fund II, any value of units in Equity Growth Fund II which is in excess of three times the value of units in
Bond Fund is considered as gains and is switched to the Liquid Fund - by redemption of appropriate units from Equity
Growth Fund II.
 The Bond Fund, any value of units in Bond Fund which is in excess of three times the value of units in Equity Growth Fund
II is considered as gains and is switched to the Liquid Fund - by redemption of appropriate units from Bond Fund.
 On the occurrence of the trigger event of 15% downward movement with respect to the Equity Growth Fund II or the Bond
Fund, units in the Liquid Fund, if any, will be switched to the Equity Growth Fund II and the Bond Fund such that, after
transfer, the ratio of the value of units in the Equity Growth Fund II to that in the Bond Fund is restored to 75%:25%, to the
extent possible and subject to availability of units in the Liquid Fund.
 This ensures that such gains are capitalized and protected from future equity market fluctuations, while maintaining the
asset allocation between Equity Growth Fund II and Bond Fund at 75%:25%.
 You can switch out of this Portfolio Strategy at any Policy Anniversary by giving a written notice to the company 30 days in
advance.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

d) Auto Transfer Portfolio Strategy:

 This strategy helps you to invest your money in a systematic way by automatically transferring your money every month,
from low risk Fund to Fund(s) of your choice.
 You can opt for this Portfolio Strategy at the commencement of the Policy or can switch to this Portfolio Strategy at any
subsequent Policy Anniversary by giving a written notice to the Company 30 days in advance.
 In this Portfolio Strategy, your Premium will be allocated in Bond Fund and / or Liquid Fund, as specified by you
 At the start of each monthly anniversary of the Policy, a proportion (as mentioned below) of Fund value in the Bond Fund
and/or Liquid Fund as on that date will be switched to the other Fund/s (available in the plan) as specified by you.
 The proportion to be switched will depend upon the number of outstanding months till the next Premium due date. The
proportion would be as mentioned below:

Outstanding no. of months till

11 10 9 8 7 6 5 4 3 2 1
the next Premium due date
Proportion of Fund value 1/11 1/10 1/9 1/8 1/7 1/6 1/5 1/4 1/3 1/2 1

 You can opt out of this Portfolio Strategy at any subsequent Policy Anniversary by giving a written notice to the Company 30
days in advance.

e) Capital Preservation-Oriented Strategy:

 This strategy can be opted only at the inception of the Policy. This strategy can be opted only if Policy term is at least 10
years, and the minimum difference between the Policy term and Premium payment term is at least 5 years
 The objective of the strategy is to optimise risk and return, by investing across five pre-determined Funds, which are a mix
of very high to low risk Funds, in such a way that the monies invested over the years along with the accumulated returns are
subjected to lesser market volatility, in the years closer to maturity. However, the strategy does not provide any minimum
guaranteed maturity benefit.
 Under this strategy, at the commencement of the policy, the Regular Premium and the Top Up premium, if any, would be
allocated in the Funds mentioned (namely Equity Growth Fund II, Accelerator Mid-Cap Fund II, Pure Stock Fund II, Bond Fund
& Liquid Fund) in the proportion as mentioned in the table below.
 At each policy anniversary, the Company will reallocate the Fund Value among various funds in the proportion based on the
table below, depending on the outstanding years to maturity

Years to Equity Growth Accelerator Pure Stock

Maturity Bond Fund Liquid Fund Total
Fund II Mid-Cap Fund II Fund II
10 & Above 40% 15% 15% 30% 0% 100%
9 35% 15% 15% 35% 0% 100%
8 30% 15% 15% 40% 0% 100%
7 30% 15% 15% 40% 0% 100%
6 30% 10% 15% 45% 0% 100%
5 25% 10% 15% 40% 10% 100%
4 20% 5% 10% 40% 25% 100%
3 15% 0% 5% 40% 40% 100%
2 0% 0% 0% 40% 60% 100%
1 0% 0% 0% 0% 100% 100%
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant
 All allocation & de-allocations of units shall be based on the prevailing unit price/NAV.
 You can switch out of the strategy by giving a written notice to the Company 30 days in advance. However, once switched
out, switching back into the strategy again is not allowed.
 You will not have the option to switch units or choose Premium apportionment to various Funds, under the Capital
Preservation Oriented Strategy
 In case of Partial withdrawal (systematic or non- systematic), the withdrawal of units from each Fund will be done in the
same proportion as the value of the units held in that Fund as on date of withdrawal. You will not have any choice to opt the
Fund(s) from which the partial withdrawal of units is to be done.

Partial withdrawal (Non-Systematic)

You have the option to make partial withdrawals, any time after the fifth Policy year, subject to the following conditions:
th
 The Single Premium Fund value must have a minimum balance of 1/5 of the Single Premium, across all Funds, after a non-
systematic partial withdrawal
 The minimum amount of non-systematic partial withdrawal at any one time is ` 5,000/-
 The maximum amount of non-systematic partial withdrawal allowed at any one time is 10% of the Total Premiums Paid, as
on the withdrawal request date
 A maximum of two non-systematic partial withdrawals can be made in any one Policy year
 The total amount withdrawn through-out the Policy Term through non-systematic partial withdrawal cannot exceed 50% of
the total Premiums paid
 The time gap between any two non-systematic partial withdrawals cannot be less than three months
 The company shall affect the partial withdrawal by redeeming units from the Fund(s) at their respective unit price/NAV
 A partial withdrawal shall not be allowed if it will result in foreclosure of the Policy contract.
 In case of minor life, partial withdrawal is allowed after attaining age 18 years.
 No charges would be levied for Partial Withdrawal.
 In Wheel of Life Portfolio Strategy II or the Capital Preservation-Oriented Strategy, you will not have option of choice of
Fund(s) to withdraw from. The partial withdrawal will be in the same proportion as the Fund values in each Fund. In other
portfolio strategies, you will have the option to choose the Fund(s) you want to do partial withdrawals from.
 The Company reserves the right at any time and from time to time to vary the minimum/maximum value of units to be
withdrawn, charge on partial withdrawal, maximum number of withdrawals allowed during a Policy year, maximum
amount of total withdrawal allowed during the Policy Term, minimum time gap to maintain between two withdrawals
and/or the minimum balance of value of units to be maintained after such partial withdrawals, by giving written notice of
three months in advance, subject to prior approval from IRDAI

Option to pay Top up Premiums

a) You have the option to pay Top up Premiums at any time, except during the last five Policy years, over and above the Single
Premiums payable. The Top up Premiums would be treated as a Single Premium.
b) The amount of Top up Premium paid shall determine the Top up Sum Assured. The Top up Sum Assured will be as per the
minimum and maximum Sum Assured allowed under the plan.
c) The minimum Top up Premium payable is ` 5,000, subject always to the company's right to increase this minimum payable
from time to time subject to approval from the IRDAI.
d) At any point of time during the currency of the contract, the total Top up Premiums paid shall not exceed the Single
Premium paid.
e) The Company reserves the right to disallow a Top up Premium based on the board approved underwriting policy.
f) Top up Premiums once paid cannot be withdrawn from the Fund for a period of 5 years from the date of payment of the Top
up Premium, except in case of complete surrender of the Policy.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Premium Apportionment – Only under the Investor Selectable Portfolio Strategy

a) You will have the choice to apportion the allocated Premium into the Funds available in the plan. You can specify the
proportion of the Single/Top up Premium between the various Funds you want to invest in.
b) You may, at any time, change the proportion of Single/Top up Premium to the Funds you wish to invest.
c) The Premium proportion to any Fund in which you wish to invest must be at least 5% of the Single/Top up Premium. The
company will reserve the right to revise the minimum apportionment percentages upon giving written notice of not less
than three months subject to obtaining clearance from the IRDAI.
d) Miscellaneous charge, as mentioned in table of charges, will be applicable if the Premium apportionment is altered.

Switching between Funds - Only under the Investor Selectable Portfolio Strategy
 You can switch units from one Fund to another at any time, by giving written notice to the company.
 You can make unlimited free switches
 The minimum switching amount is ` 5,000 or the value of units held in the Fund to be switched from, whichever is lower
 The company shall affect the switch by redeeming units from the Fund to be switched from and allocating new units in the
Fund being switched to at their respective unit price/NAV
 Switching between Funds is not allowed when Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy II, Capital
Preservation-Oriented Strategy or Auto Transfer Portfolio Strategy is opted for.

Switching of Portfolio Strategy

 You may, at any Policy anniversary, switch out from any of the five unique portfolio strategies i.e. Investor Selectable Portfolio
Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy II, Auto Transfer Portfolio Strategy or Capital
Preservation-Oriented Strategy and switch into anyone of the following three strategies and vice-versa, by giving 30 days
written notice prior to the Policy Anniversary -
 Investor Selectable Portfolio Strategy

 Wheel of Life Portfolio Strategy II

 Auto Transfer Portfolio Strategy

 Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy can be opted for only at inception. Once you
have opted out of Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy, you cannot switch into the
Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy again during the term of the Policy
 On switching into the Investor Selectable Portfolio Strategy from any of the other Portfolio Strategy, the existing Funds and
the new Premiums paid will be allocated into the Fund(s) of your choice.
 On switching out of the Investor Selectable Portfolio Strategy to Wheel of Life Portfolio Strategy II or Auto Transfer Portfolio
Strategy the existing Funds and the new Premiums paid will be allocated as per the respective Portfolio Strategy.
 Miscellaneous charge, as mentioned in Table of Charges, will be applicable

Option to decease the Sum Assured (Applicable only for a Top up Sum Assured)
 You will have the option to reduce the Top up Sum Assured under the Policy at any time, subject to the minimum Top up Sum
Assured amount permitted under this Policy
 Once reduced, the Top up Sum Assured cannot be increased, even to the extent of the original Top up Sum Assured
 The Mortality Charge will be based on the revised Top up Sum Assured from the next Monthly Due Date.
 Miscellaneous Charge, as mentioned table of charges, will be applicable for this alteration
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Settlement Option
Option to take Maturity Benefit in instalments -
a. You will have the option to receive the Maturity Benefit in installments (payable yearly, half yearly, quarterly or monthly)
spread over a maximum period of five years
b. The Policy monies will continue being invested in the same Fund(s) and in the same proportion as on the Maturity date.
However, you have the option to switch Fund(s)
c. The first instalment will be payable on the Maturity Date
d. The amount paid out to you in each installment will be the outstanding Fund value, as at that installment date divided by
the number of outstanding installments, hiked-up by 0.5%. Therefore, each installment is equal to [Fund value / No. of
Outstanding Installment] * 1.005. The hike-up is called the Return Enhancer, which is an additional benefit to you.
e. Installment payment will be made by redeeming units from the Funds at the unit price applicable on the installment date
f. Investment risk during the settlement period will be borne by you
g. During this period, the life cover will be on both the lives assured (if alive) or on the surviving life assured.
If both lives are alive at the beginning of the settlement period, then the death benefit will be payable on the first death.
If only one life is surviving at the beginning of the settlement period, then the Death Benefit will be paid on the death of the
surviving life.
The Death Benefit, which will be higher of 105% of Total Premiums paid or outstanding Fund value, will be paid as a
lumpsum to the nominee and the Policy will be terminated.
h. No partial withdrawals are allowed during the settlement period
i. Only Fund management charge and Mortality charge shall be applicable during the settlement period
j. Alternatively, you will have an option to withdraw the Fund value completely, anytime during the settlement period. The
Fund value will be calculated as the total number of outstanding units in the Policy multiplied by the unit price/NAV as on
date of complete withdrawal

Option to take Death Benefit in instalments -

a. In case of death of the Life Assured during the Policy Term, the nominee will have the option to receive the Death Benefit in
installments (payable yearly, half yearly, quarterly or monthly) spread over a maximum period of five years.
b. The Death Benefit will be unitized in the same Fund(s) and in the same proportion as on the date of intimation of death.
However, the nominee has the option to switch Fund(s)
c. The first instalment of the Death Benefit will be payable on the date of intimation of death
d. The amount paid out to the nominee in each installment will be the outstanding Fund value, as at that installment date
divided by the number of outstanding installments, hiked-up by 0.5%. Therefore, each installment is equal to [Fund value /
No. of Outstanding Installment] * 1.005. The hike-up is called the Return Enhancer, which is an additional benefit to you
e. Installment payment will be made by redeeming units from the Fund(s) at the unit price/NAV applicable on the installment
date
f. Investment risk during the settlement period will be borne by the nominee
g. No risk cover covers will be available
h. No partial withdrawals are allowed during the settlement period
i. Only Fund management charge shall be applicable during the settlement period
j. Alternatively, the nominee will have an option to withdraw the Fund value completely, anytime during the settlement
period. The Fund value will be calculated as the total number of outstanding units in the Policy multiplied by the unit
price/NAV as on date of complete withdrawal
k. Option to take Death Benefit in installment on the first death during the policy term will not available
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Tax Benefits
Premium paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits as per extant Income Tax Act,
subject to the provision stated therein.
You are requested to consult your tax consultant and obtain independent tax advice for eligibility and before claiming any
benefit under the Policy.

Product Terms and Conditions

Computation of Unit Price/NAV

The Unit Price/NAV of the Fund shall be computed as the market value of the existing investment held in the Fund plus value of
current assets less value of current liabilities and provisions, if any, divided by the number of units existing on the Valuation
Date. This calculation will be done before creation/redemption of units.

Force Ma'jeure
a) The Company shall value the Funds (SFIN) on each day for which the financial markets are open. However, the Company
may value the SFIN less frequently in extreme circumstances external to the Company i.e. in force majeure events, where
the value of the assets is too uncertain. In such circumstances, the Company may defer the valuation of assets for up to 30
days until the Company is certain that the valuation of SFIN can be resumed.
b) The Company shall inform IRDAI of such deferment in the valuation of assets. During the continuance of the force majeure
events, all request for servicing the Policy including Policy related payment shall be kept in abeyance.
c) The Company shall continue to invest as per the Fund mandates. However, the Company shall reserve its right to change
the exposure of all or any part of the Fund to Money Market Instruments [as defined under Regulations 2(j) of IRDAI
(Investment) Regulations, 2016] in circumstances mentioned under points (a and b) above. The exposure to of the Fund as
per the Fund mandates shall be reinstated within reasonable timelines once the force majeure situation ends.
d) Some examples of such circumstances [in Sub-Section a) & Sub-Section b) above] are:
i) When one or more stock exchanges which provide a basis for valuation of the assets of the Fund are closed otherwise than
for ordinary holidays.
ii) When, as a result of political, economic, monetary or any circumstances out of the control of the Company, the disposal of
the assets of the Fund are not reasonable or would not reasonably be practicable without being detrimental to the interests
of the continuing Policyholders.
iii) In the event of natural calamities, strikes, war, civil unrest, riots and bandhs.
iv) In the event of any force majeure or disaster that affects the normal functioning of the Company.
In such an event, an intimation of such force majeure event shall be uploaded on the Company's website for information.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Charges under the Plan

Charges Details

Premium
Single Premium and for Top-up Premium : 2%
Allocation Charge

Policy Administration
0.48% of Single Premium per annum capped to the extent of Rs 500 per month
Charge (PAC)

Fund Management Fund Fund Management Charge per annum

Charge (FMC) Equity Growth Fund II 1.35%
Accelerator Mid Cap Fund II 1.35%
Pure Stock Fund 1.35%
Pure Stock Fund II 1.30%
Asset Allocation Fund II 1.25%
Bluechip Equity Fund 1.25%
Liquid Fund 0.95%
Bond Fund 0.95%
Discontinued Life Policy Fund 0.50%
Flexi Cap Fund 1.35%
Sustainable Equity Fund 1.35%

This charge would be adjusted in the Unit Price/NAV

Miscellaneous Charge Miscellaneous charge of `100/- per transaction
This shall be levied by cancellation of units at the unit price as on the due day.

Discontinuance/ Where the Policy is Discontinuance charge for the Discontinuance charge for the
Surrender Charge Discontinued during policies having annualized policies having Annualized
the Policy year Premium up to ` 300000/- Premium above ` 300000/-
Lower of 2.0% * (SP or FV) subject Lower of 1.0% * (SP or FV) subject
1
to maximum of ` 3,000 to maximum of ` 6,000
Lower of 1.5% * (SP or FV) subject Lower of 0.7% * (SP or FV) subject
2
to maximum of ` 2,000 to maximum of ` 5,000
Lower of 1.0% * (SP or FV) subject Lower of 0.5% * (SP or FV) subject
3
to maximum of ` 1,500 to maximum of ` 4,000
Lower of 0.5% * (SP or FV) subject Lower of 0.35% * (SP or FV)
4
to maximum of ` 1,000 subject to maximum of ` 2,000
5 & above Nil Nil
SP – Single Premium & FV – Single Premium Fund value
Mortality Charge will be deducted at each monthly anniversary by cancellation of units.
Mortality Charge Female Life Assured will be eligible for an age-set-back of 3 years.
For sub-standard lives, extra Mortality charge will be applicable which will be deducted as
charges by cancellation of units.
Goods & Service Tax/any
other tax, subject to As applicable on all Charges mentioned above. Current GST rate is 18%.
changes in tax laws

This product can be purchased online also. For more details, please visit www.bajajallianzlife.com
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Revision of Charges
After taking due approval from the IRDAI, the Company reserves the right to revise the above mentioned charges, except the
Premium Allocation charge and the Mortality charge which are guaranteed throughout the Policy Term:
 Fund management charge up to a maximum of 1.35% per annum of the NAV for all the Funds except Discontinued Life
Policy Fund and 0.50% p.a. for the Discontinued Life Policy Fund.
 Policy Administration Charge up to a maximum of ` 500 per month.
 Miscellaneous charge up to a maximum of ` 500/- per transaction
 Partial Withdrawal charge up to a maximum of ` 500/- per transaction
 Switching charge up to a maximum of ` 500/- per transaction
 Company shall give an advance notice of 3 months for any change in charges

Termination
 The Policy will terminate on payment of the last instalment.
If you have opted for the Settlement Option
 This Policy shall automatically and immediately terminate on the earlier occurrence of any of the following events:
On foreclosure of the Policy

On the date of receipt of intimation of death of the Life Assured (unless the Settlement option has been opted for)

On payment of Discontinued value or Surrender Value

The Maturity Date, unless Settlement Option has been opted

The expiry of the Settlement period, if opted

On cancellation of Policy during Free Look Period

On suicide of Life Assured

Free Look Period

Within fifteen (15) days of the receipt of this Policy and thirty (30) days in case of electronic Policy and Policy obtained through
distance mode, you may, if dissatisfied with any of the terms and conditions for any reason, provided no claim has already been
made on the Policy, give the Company a written notice of cancellation along with reasons for the same, and return the Policy
Document to the Company, subject to which the Company shall send you a refund comprising the Premium Allocation Charge
plus Charges levied by cancellation of Units plus Regular Premium Fund value as at the date of cancellation of Units less the
proportionate risk Premium for the period the Life Assured was on cover, expenses incurred on medical examination and
stamp duty charges.

Loan
No loan facility is available under this plan.

Foreclosure
If the fund value under any policy, after three (3) policy years, is lower than one (1) prevailing annualized premium or 1/10th
the single premium, the policy shall be foreclosed, and any discontinuance value / surrender benefit shall be paid to the
policyholder, as per the conditions in the surrender benefit section above. The implementation of this will ensure that some
benefit is made available to the policyholder, which is fair to the policyholder.
Before foreclosure of the policy, the policyholder will be given the option to pay any premiums due under the policy or to pay
top-up premium, as applicable.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Exclusion
Suicide Exclusion: In case second death due to suicide within 12 months from the Date of Commencement Risk or from the
date of latest revival of the Policy, whichever is later, the nominee or beneficiary shall be entitled to the Fund Value, as available
on the date of intimation of death. Any charges other than Fund Management Charges or guarantee charges recovered
subsequent to the date of death shall be added to the Fund Value as at the date of intimation of death
In case of first death of either life due to suicide within 12 months from the date of commencement of risk of the Policy,
whichever is later, then no benefit will be payable to the nominee or beneficiary, and the Policy will continue on the Surviving
Life Assured.

Definitions
a. Fund value: The Fund value is equal to the total number of units pertaining to Single Premium, Top up Premium, Loyalty
Benefits existing in each Fund under a Policy multiplied by the respective Unit Price/NAV on the relevant Valuation Date.
b. Single Premium Fund value: Single Premium Fund value is equal to the total Units in respect of the Single Premium paid
under this Policy multiplied by the respective Unit Price/NAV on the relevant Valuation Date.
c. Top up Premium Fund value: Top up Premium Fund value is equal to the total Units in respect of Top up Premium under this
Policy multiplied by the respective Unit Price/NAV on the relevant Valuation Date.
d. Unit Price/NAV: Market value of investment held by the Fund plus value of current assets less value of current liabilities and
provisions, if any, divided by number of units existing on Valuation Date. This calculation will be done before creation /
redemption of units.
e. Discontinued Life Policy Fund: It is the Fund maintained by the Company that is set aside and is constituted by the Fund
value of the Discontinued Life Policies determined in accordance with the “IRDAI (Unit Linked Insurance Products)
Regulations, 2019” and any subsequent modification made therein by the IRDAI.
Discontinued Life Policy Fund: Risk Profile – Low SFIN: ULIF07026/03/13DISCONLIFE116
On the date of Discontinuance/Surrender of the Policy before the lock-in period of 5 Policy years, the Fund valueless the
Discontinuance/ Surrender charge as on the date of Discontinuance/ Surrender of the Policy shall be moved to the
Discontinued Life Policy Fund. The portfolio allocation of the Fund is as given below.
Portfolio Allocation:
Money market instruments 0% to 40%

Government securities 60% - 100%

f. Discontinued value:
1. The Discontinued value of the Policy will be higher of:
a) The Fund value less the Discontinuance/Surrender, as on date of Discontinuance/Surrender charge accumulated at the rate of
return earned on the Discontinued Life Policy Fund net of Fund management charge. OR
b) The Fund value less the Discontinuance/Surrender charge, as on date of Discontinuance/Surrender accumulated at the
guaranteed rates of investment return net of Fund management charge. The current guaranteed rate of investment return is
4% p.a.
2. Unless death of the Life Assured has happened earlier, the Discontinued value shall be payable to the Policyholder after the
lock-in period of 5 Policy years or at the end of revival period, as the case may be, however on death of Life Assured during the
period of Discontinuance, the Discontinued value as on the date of intimation of death at the Company's office shall be
payable.
3. The current cap on Fund Management Charge on the Discontinued Life Policy Fund is 0.50% per annum, as per the “IRDAI
(Unit Linked Insurance Products) Regulation, 2019”.
4. The Fund Management Charge and the minimum guaranteed rate of investment return as mentioned above, for the
calculation of the Discontinued value may change from time to time as per the IRDAI guidelines.
g. Valuation Date: The date when the Unit Price/NAV of the Fund is determined. We aim to value the Funds on each day the
financial markets are open. However, we may value the Funds less frequently in extreme circumstances, where the values of
assets are too uncertain. In such circumstances, we may defer the valuation of assets for up to 30 days until we feel that
certainty as to the value of assets is resumed. The deferment of valuation of assets will be with prior consultation with the
IRDAI.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Statutory Information

Assignment: Section 38 of the Insurance Act, 1938

Assignment should be in accordance with provisions of section 38 of the Insurance Act 1938 as amended from time to time.

Nomination: Section 39 of the Insurance Act, 1938

Nomination should be in accordance with provisions of section 39 of the Insurance Act 1938 as amended from time to time.

Prohibition of Rebate
Prohibition of Rebate should be in accordance with provisions of section 41 of the Insurance Act 1938 as amended from
time to time.
“No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of
the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or
continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published
prospectuses or tables of the insurer. Any person making default in complying with the provision of this section shall be
liable for a penalty that may extend up to ten lakh rupees.”

Fraud & Misstatement, Section 45 of the Insurance Act, 1938

Fraud and Misstatement would be dealt with in accordance with provisions of section 45 of the Insurance Act 1938 as
amended from time to time.

Applicability of Goods & Service Tax

Goods and Service Tax is charged based on type of Policy communication address of Policy Holder. This may change subject
to change in rate/state in address of the Policy Holder as on date of adjustment.

Risks of Investment in the Units of the Plan

The Proposer/Life Assured should be aware that the investment in the units is subject to the following, amongst other risks and
should fully understand the same before entering into any unit linked insurance contract with the Company.
 Unit Linked life insurance products are different from the traditional insurance products and are subject to the risk factors.
 The Premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the
NAV of the units may go up or down based on the performance of the Fund and factors influencing the capital market and you
will be responsible for your decisions.
 Bajaj Allianz Life Insurance is only the name of the insurance Company and Bajaj Allianz Life Smart Wealth Goal is only the
name of the insurance plan and does not in any way indicate the quality of the Policy, its future prospects or returns.
 Equity Growth Fund II, Accelerator Midcap Fund II, Pure Stock Fund, Pure Stock Fund II, Asset Allocation Fund, Bluechip Equity
Fund, Flexi Cap Fund, Sustainable Equity Fund, Liquid Fund & Bond Fund are the name of the Funds along with Investor
Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy II, Capital Preservation-Oriented
strategy and or Auto Transfer Portfolio Strategy offered currently with Bajaj Allianz Life Smart Wealth Goal in any manner does
not indicate the quality of the Fund(s) or the Portfolio Strategies and its future prospects or returns.
 Equity Growth Fund II, Accelerator Midcap Fund II, Pure Stock Fund, Pure Stock Fund II, Asset Allocation Fund, Bluechip Equity
Fund, Flexi Cap Fund, Sustainable Equity Fund, Liquid Fund & Bond Fund do not offer a guaranteed or assured return.
 The investments in the units are subject to market and other risks.
 The past performance of the Funds of the Company is not necessarily an indication of the future performance of any of these
Funds.
 All benefits payable under the Policy are subject to the tax laws and other financial enactments, as they exist from time to time.
 Please read the associated risks and the applicable charges from your Policy document.
Bajaj Allianz Life
Smart Wealth Goal
Joint Life Wealth Variant

Why Bajaj Allianz Life Insurance?

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of expertise, stability and
strength. This joint venture Company incorporates global expertise with local experience. The comprehensive, innovative
solutions combine the technical expertise and experience of Allianz SE, and in-depth market knowledge and goodwill of “Bajaj
brand” in India. Competitive pricing and quick honest response have earned the Company the customer's trust and market
leadership in a very short time.
Bajaj Allianz Life Smart Wealth Goal is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with
the capital markets. The Policyholder is solely responsible for his/her decisions while investing in ULIPs. Bajaj Allianz Life
Insurance and Bajaj Allianz Life Smart Wealth Goal are the names of the Company and the product respectively and do not in
any way indicate the quality of the product and its future prospects or returns. All Charges applicable shall be levied. The Policy
document is the conclusive evidence of contract and provides in details all the conditions and exclusions related to Bajaj Allianz
Life Smart Wealth Goal.

Disclaimer
All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration. The Policy
document is the conclusive evidence of contract and provides in details all the conditions and exclusions related to Bajaj
Allianz Life Smart Wealth Goal. Please ask for the same along with the quotation.

Contact Details

Regd. Office Address

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006.
Reg. No.: 116 | Fax: (020) 6602 6789. | www.bajajallianzlife.com | CIN: U66010PN2001PLC015959

SMS LIFE 56070

For any queries please contact:

Sales: 1800 209 0144 Service: 1800 209 7272

Mail us : customercare@bajajallianz.co.in Chat: https://goo.gl/PdEyZu

Bajaj Allianz Life Smart Wealth Goal UIN : – 116L164V02

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS!

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

For More Information: Kindly consult our “Insurance Consultant” or call us today on the TOLL FREE numbers mentioned above.
This brochure should be read in conjunction with the Benefit Illustration and Policy Exclusions. Please ask for the same along
with the quotation.
The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and
Allianz SE to use its “Allianz” logo.

By submitting your contact details or responding to Bajaj Allianz Life Insurance Co. Ltd., with an SMS or Missed Call, you authorize Bajaj Allianz
Life Insurance Co. Ltd. and/or its authorized Service Providers to verify the above information and/or contact you to assist you with the
purchase and/or servicing.

BJAZ-O-5401/07-May-22