ABOUT BAJAJ ALLIANZ LIFE INSURANCE

Bajaj Allianz Life Insurance Co. Ltd., one of India’s leading private life insurers, is a joint
venture between Bajaj Finserv Limited, one of the most diversified non-banking finan-
cial institutions in India, and Allianz SE, one of world’s leading global insurer and asset
manager. This joint venture Insurance 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.
 BAJAJ ALLIANZ LIFE ASSURED WEALTH GOAL PLATINUM

Your family is very important for you and you always want to give them the best possible
lifestyle. For this, you need to have assurance of a life cover to protect your loved ones
in case of any uncertainties and also plan for various life goals like marriage, children’s
education or a retirement. These are your sacrosanct goals, for which you would need a
financial plan that gives you the assurance of a guaranteed liquidity.

Presenting Bajaj Allianz Life Assured Wealth Goal Platinum, a non-linked, non-participating,
individual life insurance, savings plan which protects you with a life cover, while offering
you an assured income to meet your immediate as well as future needs.
 WHAT MAKES BAJAJ ALLIANZ LIFE ASSURED
WEALTH GOAL PLATINUM PERFECT FOR YOU?

Security: Life Cover to protect Guarantee: All benefits in the

your family policy are guaranteed!

Liquidity: Income begins as early Tax benefits: Avail tax benefits

as from start of 2nd policy year as per prevailing tax laws

How this plan works?

Step 1: Decide premium amount and for how long you wish to pay

Step 2: Decide your income start year

Step 3: Choose how long you want to receive the income

Plan option/ Income start year/ Income period/ Premium Payment Term/ Policy Term (PT)/ Return of Premium (ROP) option once
chosen cannot be changed.
Let us understand the Plan options in detail

OPTION 1. SMART INCOME

• Pay your premiums for the chosen period

• Receive Early Guaranteed Payouts starting as early as from the beginning of 2nd policy year for
the policy term
• You will have an option to choose your Early Guaranteed Payouts start year
• Regular Guaranteed Payouts are paid at the beginning of policy year during the Income Period.
Income period starts after the policy term
• These guaranteed payouts will be a percentage of Annualised Premium
• You will also receive Enhanced Return of premium (ROP) as 110% of Total premiums paid at the
end of the Income Period

Early Guaranteed Regular Guaranteed Payouts

Payouts 110% of Total
premiums
paid

` ` ` ` ` `
Income Period
Premium payment term
Policy Term

Early Guaranteed Payout factor:

Early Guaranteed Payout (% of Annualised Premium)
Income start year
5 6 7 8 10 12
(beginning of the year) / PPT
2 25.00% 25.00% 25.00% 30.00% 30.00% 30.00%
3 30.00% 30.00% 30.00% 40.00% 40.00% 40.00%
4 40.00% 40.00% 40.00% 50.00% 50.00% 50.00%
5 45.00% 45.00% 45.00% 60.00% 60.00% 60.00%
6 - 50.00% 50.00% 70.00% 70.00% 70.00%
7 - - 60.00% 102.25% 102.25% 102.25%
8 - - - 110.00% 110.00% 110.00%
You will have an option to use the Early Guaranteed Payouts to adjust against the renewal premiums pay-
able in the policy to the extent of income amount payable by the company

Maturity Benefit

On maturity, the Regular Guaranteed Payouts expressed as a percentage of Annualized Premium

will be paid over the chosen Income Period. Additionally, get Enhanced ROP the end of the Income
Period. At any time, the policyholder will have an option to take these Regular Guaranteed Payouts
and the Enhanced ROP as a lumpsum at a discounted rate.
The Regular Guaranteed Payouts will continue to the nominee even if the life assured dies during
the Income Period.

The nominee will also have an option to receive the remaining Regular Guaranteed Payouts plus the
Enhanced ROP as a lumpsum. The lumpsum amount shall be the present value of all outstanding
future payouts at a discounted rate.
Note - If this option of taking lumpsum is exercised at the time of maturity, the interest rate applicable for calculating this shall be 9% p.a. whereas if
this option is exercised post the start of Regular Guaranteed Payouts, the interest rate applicable to calculate the present value will be benchmarked to
the G-Sec based on the information from Financial Benchmark India Private Ltd (FBIL). For Income Periods 15 and below, the interest rate applicable for
calculating shall be [10-year G-sec + 1%] p.a. rounded-up to the higher full interest rate. For Income Periods 20 & above, the interest rate applicable for
calculating shall be [30-year G-sec + 1%] p.a. rounded-up to the higher full interest rate. The interest rate will be reviewed on an annual basis. Any change
in bases used for determination of applicable interest rate will be subject to prior approval of IRDAI.

Death Benefit

You will have life cover during the Policy term. On Death the Sum Assured on Death plus AGP, if any
shall be payable to the nominee as a lumpsum. At no time, the death benefit minus AGP, if any will
be less than 105% of Total Premiums paid as on date of death, or the prevailing surrender value.

• Sum assured on death will be higher of 10 times of Annualised Premium or Sum Assured
• The Sum assured will be SA multiple X Annualised Premium
• Annualized Premium shall be the premium amount payable in a year by the policyholder exclud-
ing the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums,
if any.
• Total Premiums Paid (the sum of all premiums under the policy) is total of all the premiums re-
ceived, excluding any extra premium, any rider premium and taxes
• Maturity Benefit is the series of Regular Guaranteed Payouts & Enhanced ROP
 Lets see how this plan will help you in managing your future expenses-

Sunil is a 30-year-old IT professional. He has a small family which consists of his spouse and 2
years’ old daughter. He wants an investment which will give him an assured early income for long
term even to help manage future needs like child’s education expenses and income for spouse.
He invests in Bajaj Allianz Life Assured Wealth Goal Platinum by paying `1 lakh p.a. with a goal of
getting a guaranteed early Income.

PPT 10 | PT 10 | Income start year: 2nd year | Income Period of 30 years

You Pay You Get
`1,00,000 p.a. Income of `30,000 p.a. + Income of `44,750 p.a. + `11,00,000 as Enhanced ROP
for 10 years from year 2 to 10 from year 11 to 40 at the end of the Income Period

Regular Guaranteed Payouts

Early Guaranteed Payouts
` 11 lakh as
Enhanced ROP

0 ` ` ` ` ` `
9 Income Period - 30 years
`1 lakh p.a. paid for
10 years
Policy Term 10 Years

Total Premium Paid Total Benefit Received

2.71
`10,00,000 times `27,12,500

• The above illustration is assuming the Life Assured is alive till the end of the policy term and also survives till the end of Income
period.
• The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/any other applicable tax lev-
ied, subject to changes in tax laws.
 OPTION 2. REGULAR INCOME

• Pay your premiums for the chosen period

• Regular Guaranteed Payouts starting from the beginning of policy year during the Income
Period. Income period starts after the policy term
• These guaranteed payouts will be a percentage of Annualised Premium
• You will have a choice to plan your income start year by opting for a deferment period
• Depending upon the income period chosen, your policy can have an Enhanced return of
premium (Enhanced ROP) equal to 110% of Total premiums paid at the end of the Income
Period

PPT (years) 5 7 12 5/ 6/ 7/ 8/ 10/ 12

Income Period (years) 5 7 12 10/ 15/ 20/ 25/ 30

Premium Payment Regular Guaranteed Payouts

Deferment
110% of Total
Term Period
premiums paid
` ` ` ` ` `

Policy Term Income Period

Maturity Benefit
On maturity, the Regular Guaranteed Payouts expressed as a percentage of Annualized Premium
will be paid over the chosen Income Period. Additionally, depending on the income period chosen,
you can get an Enhanced ROP at the end of the Income Period. At any time, the policyholder will
have an option to take these Regular Guaranteed Payouts and the Enhanced ROP as a lumpsum at
a discounted rate.

The Regular Guaranteed Payouts will continue to the nominee even if the life assured dies during
the Income Period.
The nominee will also have an option to receive the remaining regular guaranteed payouts plus the
Enhanced ROP as a lumpsum. The lumpsum amount shall be the present value of all outstanding
future payouts at a discounted rate.
Note - If this option of taking lumpsum is exercised at the time of maturity, the interest rate applicable for calculating this shall be 9% p.a.
whereas if this option is exercised post the start of Regular Guaranteed Payouts, the interest rate applicable to calculate the present value
will be benchmarked to the G-Sec based on the information from Financial Benchmark India Private Ltd (FBIL). For Income Periods 15 and
below, the interest rate applicable for calculating shall be [10-year G-sec + 1%] p.a. rounded-up to the higher full interest rate. For Income
Periods 20 & above, the interest rate applicable for calculating shall be [30-year G-sec + 1%] p.a. rounded-up to the higher full interest rate.
The interest rate will be reviewed on an annual basis. Any change in bases used for determination of applicable interest rate will be subject
to prior approval of IRDAI.

Death Benefit
You will have life cover during the Policy term. On Death, the Sum Assured on Death shall be payable
to the nominee as a lumpsum. At no time, the death benefit will be less than 105% of Total Premiums
paid as on date of death, or the prevailing surrender value

• Sum assured on death will be higher of 10 times of Annualised Premium or Sum Assured
• The Sum assured will be SA multiple X Annualised Premium
• Annualized Premium shall be the premium amount payable in a year by the policyholder exclud-
ing the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums,
if any
• Total Premiums (the sum of all premiums under the policy) is total of all the premiums received,
excluding any extra premium, any rider premium and taxes
• Maturity Benefit is the series of Regular Guaranteed Payouts & Enhanced ROP
Lets see how this plan will help you in managing your future expenses -

Ajay is a 35-year-old IT professional. He wants a savings, which will give him an assured income for
long-term future expenses. He invests in Bajaj Allianz Life Assured Wealth Goal Platinum by paying
`1 lakh p.a. with a goal of getting a guaranteed long term Income.

PPT 10 years | Deferment Period 2 years | PT 12 years | Income Period of 30 years

You Pay You Get

`1,00,000 p.a. Income of `1,03,850 p.a. `11,00,000 as Enhanced ROP

for 10 years from year 13 for 30 years + at the end of Income Period

Deferment Regular Guaranteed Payouts

Period ` 11 lakh as
Premium payment term
Enhanced ROP
` ` ` ` ` `

0 9 12
`1 lakh p.a. paid for Income Period - 30 years
10 years
Policy Term 12 Years

Total Premium Paid Total Benefit Received

4.22
`10,00,000 times `42,15,500

• The above illustration is assuming the Life Assured is alive till the end of the policy term and also survives till the end of Income period.
• The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/any other applicable tax levied,
subject to changes in tax laws.
Sum Assured (SA) Multiple – For both Plan options

Age
SA Multiple Age (years) SA Multiple Age (years) SA Multiple Age (years) SA Multiple
(years)

1 15.40 16 13.90 31 12.40 46 10.90

2 15.30 17 13.80 32 12.30 47 10.85

3 15.20 18 13.70 33 12.20 48 10.80

4 15.10 19 13.60 34 12.10 49 10.75

5 15.00 20 13.50 35 12.00 50 10.70

6 14.90 21 13.40 36 11.90 51 10.65

7 14.80 22 13.30 37 11.80 52 10.60

8 14.70 23 13.20 38 11.70 53 10.55

9 14.60 24 13.10 39 11.60 54 10.50

10 14.50 25 13.00 40 11.50 55 10.45

11 14.40 26 12.90 41 11.40 56 10.40

12 14.30 27 12.80 42 11.30 57 10.35

13 14.20 28 12.70 43 11.20 58 10.25

14 14.10 29 12.60 44 11.10 59 10.15

15 14.00 30 12.50 45 11.00 60 10.00

 ELIGIBILITY CRITERIA

Plan Option Smart Income Regular Income

Premium Payment Term
5/ 6/ 7 / 8 / 10 / 12 5 / 6 / 7 / 8 / 10 / 12
(PPT) (in years)
Policy Term (PT) (in years) Equal to PPT 5 to 17 years
5/ 7/ 10/
Income Period (in years) 20/ 25 / 30 20/ 25/ 30
12/ 15
Enhanced ROP Yes No Yes
Minimum Maximum Minimum Maximum
Age at Entry (years) 6 60 1 60
Age at Maturity (years) 18 72 18 77
No limit, subject to No limit, subject to
Annualized Premium (`) `30,000 Board Approved `30,000 Board Approved
Underwriting Policy Underwriting Policy

Under POS:
Plan Option Smart Income Regular Income
Premium Payment Term
5/ 6/ 7 / 8 / 10 / 12 5 / 6 / 7 / 8 / 10 / 12
(PPT) (in years)
Policy Term (PT) (in years) Equal to PPT 5 to 17 years
5/ 7/ 10/
Income Period (in years) 20/ 25 / 30 20/ 25/ 30
12/ 15
Enhanced ROP Yes No Yes
Minimum Maximum Minimum Maximum
Age at Entry (years) 6 57 1 60
Age at Maturity (years) 18 65 18 65
Subject to maximum Subject to maximum
Premium (`) `30,000 Sum Assured on `30,000 Sum Assured on Death
Death of `25,00,000 of `25,00,000
All ages mentioned above are age as on last birthday. Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will
vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) and on maturity date.
No medicals will be done under POS. The product is available for sale through online mode.
For female lives, the age set-back of 3 years will be applicable for calculation of SA Multiple and Maturity Benefit/ Income payout.
Income Period will commence after the end of Deferment Period. The deferment period will be PT minus PPT (in years)
 Surrender Value under the plan
• You can surrender the policy at any time during the policy term, provided at least first
two (2) full Policy years’ regular premiums have been paid in a limited/regular premium
policy
• The surrender value payable will be the higher of the guaranteed surrender value (GSV)
or the special surrender value (SSV) plus AGP, if any
• GSV factors will be applied on Total Premiums received less the sum of all in-force or
paid-up survival benefits paid (as applicable), to arrive at the GSV
• SSV:
• Option 1 – Smart Income: The SSV is the sum of SSV1, SSV2 and SSV3
• Option 2 – Regular Income: The SSV is the sum of SSV1 and SSV2
• The SSV factors for both the product options are not guaranteed, and company may re-
vise these factors from time to time, subject to the prior approval of IRDAI
• The policy will terminate on the date of surrender

Non Payment of Premium

• If you have not paid first 2 years’ premium, then, your policy will immediately and au-
tomatically lapse at the expiry of the grace period and no benefit other than AGP, if any,
will be payable under the policy. The AGP, if any, in the policy will be paid out at the end of
grace period will be payable under the policy.

• If at least two (2) full years’ premiums have been paid and subsequent premiums are
not paid, then, the policy will be, immediately & automatically, converted to a paid-up pol-
icy at the expiry of the grace period.
• The paid-up sum assured, paid-up sum assured on death, paid-up Early Guaranteed
Payout, paid-up Regular Guaranteed Payout, paid-up maturity benefit and paid-up
death benefit is obtained by multiplying the sum assured, sum assured on death, Early
Guaranteed Payout, Regular Guaranteed Payout, maturity benefit and death benefit,
respectively, by a factor equal to the proportion of the number of premiums paid to the
total number of premiums payable under the policy
• The paid-up Enhanced ROP benefit will be 1.1 times of Total Premiums received till
date of paid-up
• The paid-up benefit structure for each option will be the same as the in-force benefits.
But, the sum assured, sum assured on death, Early Guaranteed Payouts, Regular Guar-
anteed Payouts, death benefit, maturity benefit and Enhanced ROP will be replaced by
 the paid-up sum assured, paid-up sum assured on death, paid-up Early Guaranteed
Payouts, paid-up Regular Guaranteed Payouts, paid-up death benefit, paid-up maturity
benefit and paid-up Enhanced ROP, respectively
• Paid-up Early Guaranteed Payouts can be accrued in a reduced paid-up policy under
AGP. A reduced paid-up policy will accrue investment return on the AGP, if applicable.
• If the paid-up Regular Guaranteed Payout is less than `5,000 per annum (or its equiv-
alent in monthly frequency), then, policy will be terminated immediately, and the pres-
ent value of the outstanding installments and any paid-up Enhanced ROP will be paid
as a lump-sum
• The PV would be at an interest rate benchmarked to the G-Sec based on the informa-
tion from Financial Benchmark India Private Ltd (FBIL). For Income Periods 15 and
below, the interest rate will be [10-year G-sec + 1%] p.a. rounded-up to the higher full
interest rate. For Income Periods 20 & above, the interest rate will be [30-year G-sec +
1%] p.a. rounded-up to the higher full interest rate
• The interest rate applicable will be reviewed on an annual basis at the start of the FY.
Any change in bases used for determination of applicable interest rate will be subject
to prior approval of IRDAI
• The policyholder may revive a lapsed policy/paid-up policy subject to the conditions
mentioned under revival section

Revival of the Plan

You can revive your lapsed or paid-up policy, subject to the following conditions;
• The application for revival is made within five (5) years from the due date of the first
unpaid premium but before the end of the policy term
• The arrears of premiums together with interest, at such rate as the company may
decide from time to time along with applicable taxes are paid. The current applicable
revival interest is 10.0% p.a. compounded half-yearly
• The policyholder furnishes, at his/her own expense, satisfactory evidence of health of
the life assured and continuity of insurability, as applicable
• The Company may revive or refuse to revive the policy, based on the prevailing Board
approved underwriting policy. If the policy is refused, the Company will refund the
amount deposited for the purposes of revival of the policy
• On revival, the Sum Assured, Sum Assured on Death, Early & Regular Guaranteed
Payouts, Enhanced ROP and AGP (if applicable) under the Policy which prevailed
before the date of latest lapse/paid-up will be reinstated. All due but unpaid or part-paid
survival benefits (if applicable) also will be paid
Note: The revival interest rate will be benchmarked to the G-Sec based on the information from Financial Benchmark India Private
Ltd (FBIL). It will be equal to [10-year G-Sec yield PLUS 2%] rounded-up to the next full interest rate. The revival interest rate will
be reviewed on an annual basis at the beginning of each financial year. Any change in bases used for determination of applicable
interest rate will be subject to prior approval of IRDAI.

Additional Benefit under the Plan

Accumulation of Early Guaranteed Payouts (AGP)

You will have an option to accumulate the Early Guaranteed Payouts (in-force or paid-up) in
the policy instead of taking them as yearly payouts. The accumulation will be at an interest
rate of prevailing 10-year G-Sec yield p.a. less 100 bps which will be declared by the compa-
ny every year. The interest rate will be benchmarked to the G-Sec based on the information
from Financial Benchmark India Private Ltd (FBIL). Interest will be added to the AGP at the
end of each policy year.
Anytime during the policy term, you will have the option to withdraw, in part or in full, the AGP
without any charges. The amount of AGP, if not fully withdrawn during the policy term will be
paid out at the end of the policy term.
You will have the flexibility to discontinue this option at any time.

Riders
You can enjoy extra coverage during the policy term by choosing the optional additional rider
benefits at a nominal extra cost. The riders available with all variants under Bajaj Allianz Life
Assured Wealth Goal Platinum are:
1. Bajaj Allianz Accidental Death Benefit Rider (UIN: 116B034V02)
2. Bajaj Allianz Accidental Permanent Total/Partial
Disability Benefit Rider (UIN:116B036V02)
3. Bajaj Allianz Critical Illness Benefit Rider (UIN:116B035V02)
4. Bajaj Allianz Family Income Benefit Rider (UIN:116B037V02)
5. Bajaj Allianz Waiver of Premium Benefit Rider (UIN: 116B031V02)

Please refer to respective rider sales literature or visit Company website or consult your
“Insurance Consultant” for more details and eligibility conditions.
For policies purchased from POS channel, riders would not be available.
 Alteration of premium paying frequency & income payout frequency

You will have the option to change the premium payment frequency or Income frequency at
any policy anniversary.

• Premium frequency loading:

Yearly Half-yearly Quarterly Monthly

1.0000 0.5084 0.2564 0.0859

The quarterly and monthly mode will be allowed only under auto-debit process (as per the
approved RBI facilities).
You also have the option to change the income payout frequency any time before the com-
mencement of the Income Period. This option once opted cannot be changed subsequently.

• Income frequency markup:

Yearly Monthly
1.0000 1.0300

Tax Benefits under the Plan

As per applicable tax laws as amended from time to time. You are requested to consult your
tax consultant and obtain independent advice for eligibility and before claiming any benefit
under the policy.
 POLICY LOAN

Provided the policy has acquired surrender value, during the policy term, the policyholder
will have the option to take policy loan, subject to a maximum limit of 80% of the [surrender
value less any AGP, if applicable] available under the policy.
a) Loan interest rate applicable for the loan will be as decided by the company from time-to-
time. Currently the rate of interest for loan is 10% p.a. compounding half-yearly
b) On death or surrender, the outstanding policy loan plus interest, as on the date of death
/ surrender, will be deducted from the death /surrender value payable. Each Survival
Benefit (if applicable) will be adjusted in any outstanding loan plus interest
c) The policy will be foreclosed under the following circumstances:
i) For reduced paid-up policies: If, at any time (during the policy term), the outstanding
policy loan and interest exceeds the surrender value, then, the company will inform the
policyholder for payment of interest-due and/or full/part repayment with the notice period
of 30-days and, at the end of notice period, the policy will be foreclosed and any surrender
value will be adjusted towards the outstanding loan plus interest
ii) For in-force or fully paid-up policies: The policy will not be foreclosed on the ground of
outstanding loan amount including interest exceeds the surrender value
d) At maturity: If the loan is still outstanding, the policy will be closed by paying the present
value (PV) of the future Regular Guaranteed Payouts & Enhanced ROP at the end of income
period (if applicable) less the outstanding policy loan and interest
i) The interest rate to arrive at present value of Regular Guaranteed Payouts & Enhanced
ROP will be benchmarked to the G-Sec based on the information from Financial Benchmark
India Private Ltd (FBIL). For Income Periods 15 and below, the interest rate will be [10-
year G-sec + 1%] p.a. rounded-up to the higher full interest rate. For Income Periods 20
& above, the interest rate will be [30-year G-sec + 1%] p.a. rounded-up to the higher full
interest rate
ii) The interest rate will be reviewed on an annual basis. Any change in bases used for
determination of applicable interest rate will be subject to prior approval of IRDAI

Note: The loan interest rate will be benchmarked to the G-Sec based on the information from Financial Benchmark India Private
Ltd (FBIL). It will be equal to [10-year G-Sec yield PLUS 2%] rounded-up to the next full interest rate. The loan interest rate will be
reviewed on an annual basis. Any change in bases used for determination of applicable interest rate will be subject to prior approval
of IRDAI.
 Termination

a) This risk cover of the Life Assured shall, immediately and automatically, terminate on the
earliest occurrence of any of the following events:
i) On the date of death of the Life Assured
ii) On the lapsation of the Policy
iii) At the end of the Policy Term
b) This Policy shall immediately and automatically terminate on the earliest occurrence of
any of the following events:
i) On Free Look Cancellation
ii) On payment of the Death Benefit in a lump-sum; provided there are no other benefits
available under the Policy
iii) On payment of the Maturity Benefit in a lump-sum; provided there are no other
benefits available under the Policy
iv) On payment of the last RGP and/or Enhanced ROP (if applicable) at the end of the
Income period, or the Maturity Benefit has been adjusted against the outstanding
Policy loan & interest; provided there are no other benefits available under the Policy.
v) On complete surrender of the Policy and on payment of the Surrender Value
vi) On foreclosure, if at any time, in a Policy that is paid-up [as per Section 6 above], the
outstanding loan plus loan interest exceeds the Surrender Value available under the
Policy and no payment is made even on the expiry of the notice
vii) On the expiry of the Revival Period for a lapsed Policy
viii) On the end of Income Period
ix) On refund of eligible Regular Premiums/Surrender Value under suicide clause on
suicide of the Life Assured

Grace Period

The Grace Period is thirty (30) days for frequencies other than monthly and fifteen (15) days
for monthly frequency during which the Policy is considered to be in-force with the risk cover.
On the occurrence of death during the Grace Period, the Death Benefit will be payable and the
due but unpaid Premium/s upto the date of death will be deducted from the benefit payable.
 Free Look Period

The policyholder has a free look period of fifteen (15) days from the date of receipt of the
Policy Document and a period of thirty (30) days in case of electronic Policies and Policies
obtained through distance mode, to review the terms and conditions of the Policy and where
the Policyholder disagrees to any of those terms & conditions, he has the option to return the
Policy to the insurer for cancellation, stating the reasons for his objection, then he shall be
entitled to a refund of all the premiums (excluding applicable taxes) paid, subject only to a
deduction of a proportionate risk premium for the period of cover and the expenses incurred
by the insurer on medical examination of the proposer and stamp duty charges

Exclusions
Suicide Claim provision:
In case of death of a life assured due to suicide within 12 months from the date of commencement
of risk or the date of latest revival of the policy, whichever is later, then the nominee or beneficiary
of the policyholder shall be entitled to receive, the higher of 80% of the Total Premiums paid
minus EGP paid or the surrender value as on the date of death, provided the policy is in force.
AGP, if any will also be paid.
There are no other exclusions other than the suicide clause.

Auto Vesting
If the policy has been taken on the life of a minor, on attaining the age of majority i.e. 18 years,
the policy will vest on him/her. Thereafter, the Life Assured shall become the policyholder
who will then be entitled to all the benefits and subject to all liabilities as per the terms and
conditions of the policy.

Statutory Information

Assignment: Section 38 of the Insurance Act, 1938

Assignment should be in accordance with provisions of sec 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 Sec 39 of the Insurance Act 1938 as
amended from time to time.

Prohibition of Rebate: 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 provisions 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 & Misstatement would be dealt with in accordance with provisions of Sec 45 of the In-
surance 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 Policyholder as on
date of adjustment.
 Contact Details

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006
IRDAI Reg No.: 116 | Tel: (020) 6602 6777

Bajaj Allianz Life Assured Wealth Goal Platinum

Sales: 1800 209 4040 Service: 1800 209 7272 UIN : 116N188V03

E-mail: customercare@bajajallianz.co.in Visit us at: www.bajajallianzlife.com to purchase online

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 Documents. 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.

Disclaimer
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of
contract and provides in details all the conditions & exclusions related to Bajaj Allianz Life Assured Wealth Goal
Platinum.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRADULENT 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.

BJAZ-BR-EC-06474/24