Product Proposal for achieving your Life Goals
Bajaj Allianz Life ACE
A Non linked, Participating, Individual
Life Insurance Savings Plan
UIN: 116N186V01
Hi Ms. NUPUR,
Congratulations on taking the first step towards fulfilling your Life Goals with Bajaj Allianz Life Insurance. You
have opted for Bajaj Allianz Life ACE , a truly modular product where you are the one in charge of your financial
plan along with life cover
Key Features
Decide your Income Wide range of policy Choice of premium Continuity of policy Life Cover to Tax Benefits
amount and Income term from 10 to 45 payment term from 5 to benefit after death secure your
start year years or up to age 85 10 year or 12 years with Goal Protection planned Life
years Benefit Goals
Here's your illustration of Bajaj Allianz Life ACE - with Goal Protection Benefit
Age 27 36 59
(10 years)
(33 years)
You Pay You Get
Premium Guaranteed Income (A) ₹15,292 Yearly
Including discounts (if any) and excluding GST (From age 27 to 59)
First year ₹ 1,00,005 Yearly Cash Bonus (B) @8% ₹22,938 Yearly
Second year onwards ₹ 1,02,046 Yearly (From age 27 to 59) @4% ₹3,823 Yearly
Income Benefit (A+B) @8% ₹ 38,231 Yearly
(From age 27 to 59) @4% ₹19,115 Yearly
Maturity Benefit @8% ₹ 14,69,697
(At age 59)
@4% ₹10,85,185
Total Premium Total Benefits
₹ 10,18,419 @8%₹ 27,31,306 @4%₹ 17,15,989
Life Cover(At Inception)
11,22,506
Additional Coverages ( signifies Opted | signifies Not-opted )
Accidental death Benefit Accidental Permanent Total/Partial Waiver of Premium benefit
Disability Benefit
Family Income Benefit Critical Illness Benefit
2
^Premiu ms a re pa ya ble a t th e begin n in g of yea r; ^^Ben efits to be received a t th e en d of yea r. Produ ct fea tu res men tion ed a bove a re depen den t on ben efit ch osen .
Th e a ssu med ra te of retu rn s in dica ted a t 4% a n d 8% a re illu stra tive a n d n ot gu a ra n teed a n d do n ot in dica te th e u pper or lower limits of retu rn s u n der th e policy.
Th e gu a ra n teed ben efits a re depen den t on th e Policy terms, Premiu m pa ymen t terms a va iled a lon g with oth er va ria ble fa ctors.
Th e a bove ben efits/retu rn s sh own in th e docu men t a re for illu stra tive pu rpose on ly & mu st be rea d in con ju n ction with th e Ben efit Illu stra tion . For more deta ils on risk
fa ctors, terms a n d con dition s plea se rea d sa les broch u re & policy docu men t (a va ila ble on www.ba ja ja llia n zlife.com ) ca refu lly before con clu din g a sa le.
Ta x ben efits a s per preva ilin g In come ta x la ws sh a ll a pply. Plea se ch eck with you r ta x con su lta n t for eligibility.
Why Bajaj Allianz Life
Total Asset Under Net Worth Number of Lives
Managment (AUM) Covered
Individual Claim Get 1 day claim As against IRDAI
settlement Ratio approval mandated 150%
* All figures as on 31 March 2023
For more details please refer to Company Factsheet
https://www.bajajallianzlife.com/content/dam/balic/pdf/financialinformation/Factsheet/none/Q1/Factsheet-FY-2022-2023.pdf
3
Bajaj A llianz L ife Insurance Co.L td., CIN : U66010P N 2001P L C015959 | IRDA I Reg.N o. 116 BEW ARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /
Mail us: customercare@bajajallianz.co.in | Call on: T oll free no. 1800 209 7272 FRADULENT OFFERS -
Registered O ffice A ddress: Bajaj A llianz House, A irport Road, Yerawada, P une - 411006, IRDAI is not involved in activities like selling insurance policies,
Maharashtra announcing bonus or investment of premiums. Public
T he L ogo of Bajaj A llianz L ife Insurance Co. L td. is provided on the basis of license given receiving such phone calls are requested to lodge a police
by Bajaj Finserv L td.to use its "Bajaj" L ogo and A llianz SE to use its "A llianz" logo. complaint.
Quotation No : 60042548944
Bajaj Allianz Life ACE
A Non linked, Participating, Individual Life Insurance Savings Plan
Name of the Prospect/ Policyholder: NAVEEN KUMAR Name of the Product: Bajaj Allianz Life ACE
Age: 60 Gender: Male Tag Line: A Non linked, Participating, Individual Life
Name of the Life Assured: NUPUR ARORA Insurance Savings Plan
Age: 27 Gender: Female Unique Identification Number: 116N186V01
Premium Payment Term: 10 GST Rate(First Year): 4.50%
Policy Term: 33 GST Rate(2nd Year onwards): 2.25%
Deferment Period: 0
Amount of Installment Premium: 1,02,046
Mode of Payment of Premium: Annual
How to read and understand this benefit illustration?
This benefit illustration is intented to show year-wise premiums payable and benefits under the policy, at two assumed rates of
interest i.e., 8% p.a. and 4% p.a.
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on
life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table
on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future
investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits
of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.
Policy Details
Early Income Wealth Income Benefit Frequency Annually
Premium Allocation 95% 5% Goal Protection Benefit Yes
Benefit Sum Assured* 3,82,306 36,297 Accumulate Income Benefits No
Income Period 33 NA
Sum Assured on Death (at inception of policy) 11,22,506
*Benefit Sum Assured will be used for calculating Guaranteed Income and declaring Bonuses, and will not be payable on Maturity or
Death.
Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST (including 1,00,005 0 1,00,005
2.00% discount in 1st year)
Installment Premium without GST(2nd year) 1,02,046 0 1,02,046
Installment Premium with First Year GST 1,04,505 0 1,04,505
Installment Premium with GST 2nd year 1,04,342 0 1,04,342
Onwards
(Amount in Rupees )
Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit @ 4% p.a. Non Guaranteed Benefit @ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annual Survival and Survival and Death Death
Policy Premium Survival Maturity Reversionary Cash Guaranteed Special Reversionary Cash Guaranteed Special Surrender Surrender Maturity Maturity Benefit incl Benefit incl
Year (Excl of Benefit Death Benefit Bonus Bonus Surrender Surrender Bonus Bonus Surrender Surrender Value @4% Value @8% Benefit incl Benefit incl TB (if any) TB (if any)
Value (GSV) Value (SSV) Value (GSV) Value (SSV) TB (if any) TB (if any) @4% @8%
GST) @4% @8%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 1,00,005 15,292 11,22,506 0 327 3,823 0 0 817 22,938 0 0 0 0 19,115 38,230 11,22,506 11,22,506
2 1,02,046 15,292 11,22,506 0 653 3,823 23,023 50,594 1,633 22,938 3,125 51,761 52,314 52,352 19,115 38,230 11,22,506 11,22,506
3 1,02,046 15,292 11,22,506 0 980 3,823 49,845 82,431 2,450 22,938 5,464 85,426 85,622 85,686 19,115 38,230 11,22,506 11,22,506
4 1,02,046 15,292 11,22,506 0 1,307 3,823 1,27,694 1,20,120 3,267 22,938 51,327 1,25,681 1,27,694 1,27,309 19,115 38,230 11,22,506 11,22,506
5 1,02,046 15,292 11,22,506 0 1,633 3,823 1,59,626 1,65,174 4,083 22,938 64,180 1,74,040 1,73,747 1,74,040 19,115 38,230 11,22,506 11,22,506
O.X.X.A.X
Quotation No : 60042548944
Benefit Summary
Guaranteed Benefits Non Guaranteed Benefit @ 4% p.a. Non Guaranteed Benefit @ 8% p.a. Total Benefits including Guarantee and Non-Guaranteed Benefits
Annual Survival and Survival and Death Death
Policy Premium Survival Maturity Reversionary Cash Guaranteed Special Reversionary Cash Guaranteed Special Surrender Surrender Maturity Maturity Benefit incl Benefit incl
Year (Excl of Benefit Death Benefit Bonus Bonus Surrender Surrender Bonus Bonus Surrender Surrender Value @4% Value @8% Benefit incl Benefit incl TB (if any) TB (if any)
Value (GSV) Value (SSV) Value (GSV) Value (SSV) TB (if any) TB (if any) @4% @8%
GST) @4% @8%
6 1,02,046 15,292 11,22,506 0 1,960 3,823 1,91,562 2,04,686 4,900 22,938 77,045 2,28,734 2,14,591 2,28,734 19,115 38,230 11,22,506 11,22,506
7 1,02,046 15,292 11,22,506 0 2,287 3,823 2,23,504 2,46,876 5,717 22,938 89,923 3,09,234 2,57,955 3,09,234 19,115 38,230 11,22,506 11,22,506
8 1,02,046 15,292 11,22,506 0 2,613 3,823 2,63,616 2,91,989 6,534 22,938 1,10,980 4,04,113 3,04,476 4,04,113 19,115 38,230 11,22,506 11,22,506
9 1,02,046 15,292 11,22,506 0 2,940 3,823 3,14,960 3,40,281 7,350 22,938 1,43,280 5,15,199 3,54,547 5,15,199 19,115 38,230 11,22,506 11,22,506
10 1,02,046 15,292 11,22,506 0 3,267 3,823 3,60,189 3,92,018 8,167 22,938 1,69,477 6,43,522 4,07,549 6,43,522 19,115 38,230 11,22,506 11,22,506
11 0 15,292 11,22,506 0 3,593 3,823 3,61,548 4,06,847 8,984 22,938 1,51,818 6,98,398 4,22,497 6,98,398 19,115 38,230 11,22,506 11,22,506
12 0 15,292 11,22,506 0 3,920 3,823 3,52,713 4,22,570 9,800 22,938 1,23,981 7,17,157 4,37,772 7,17,157 19,115 38,230 11,22,506 11,22,506
13 0 15,292 11,22,506 0 4,247 3,823 3,54,095 4,39,228 10,617 22,938 1,06,380 7,36,803 4,54,430 7,36,803 19,115 38,230 11,22,506 11,22,506
14 0 15,292 11,22,506 0 4,573 3,823 3,45,286 4,56,871 11,434 22,938 78,609 7,57,158 4,71,498 7,57,158 19,115 38,230 11,22,506 11,22,506
15 0 15,292 11,22,506 0 4,900 3,823 3,46,698 4,75,563 12,250 22,938 61,083 7,78,830 4,90,057 7,78,830 19,115 38,230 11,22,506 11,22,506
16 0 15,292 11,22,506 0 5,227 3,823 3,37,924 4,95,379 13,067 22,938 34,342 8,01,300 5,09,154 8,01,300 19,115 38,230 11,22,506 11,22,506
17 0 15,292 11,22,506 0 5,553 3,823 3,39,376 5,16,404 13,884 22,938 35,757 8,25,057 5,29,893 8,25,057 19,115 38,230 11,22,506 11,22,506
18 0 15,292 11,22,506 0 5,880 3,823 3,30,647 5,38,741 14,700 22,938 36,721 8,49,916 5,51,346 8,49,916 19,115 38,230 11,22,506 11,22,506
19 0 15,292 11,22,506 0 6,207 3,823 3,32,150 5,62,493 15,517 22,938 38,264 8,76,859 5,74,633 8,76,859 19,115 38,230 11,22,506 11,22,506
20 0 15,292 11,22,506 0 6,534 3,823 3,33,684 5,87,773 16,334 22,938 39,886 9,04,923 5,99,349 9,04,923 19,115 38,230 11,22,506 11,22,506
21 0 15,292 11,22,506 0 6,860 3,823 3,25,050 6,14,693 17,150 22,938 41,086 9,34,382 6,25,088 9,34,382 19,115 38,230 11,22,506 11,22,506
22 0 15,292 11,22,506 0 7,187 3,823 3,26,660 6,43,364 17,967 22,938 42,898 9,63,752 6,52,977 9,63,752 19,115 38,230 11,22,506 11,22,506
23 0 15,292 11,22,506 0 7,514 3,823 3,18,112 6,73,890 18,784 22,938 44,315 9,95,780 6,82,090 9,95,780 19,115 38,230 11,22,506 11,22,506
24 0 15,292 11,22,506 0 7,840 3,823 3,19,821 7,06,369 19,601 22,938 46,373 10,28,923 7,13,541 10,28,923 19,115 38,230 11,22,506 11,22,506
25 0 15,292 11,22,506 0 8,167 3,823 3,11,385 7,40,882 20,417 22,938 48,071 10,63,395 7,46,387 10,63,395 19,115 38,230 11,22,506 11,22,506
26 0 15,292 11,22,506 0 8,494 3,823 3,13,222 7,77,499 21,234 22,938 50,447 11,00,310 7,81,711 11,00,310 19,115 38,230 11,22,506 11,22,506
27 0 15,292 11,22,506 0 8,820 3,823 3,04,930 8,16,266 22,051 22,938 52,505 11,37,722 8,18,537 11,37,722 19,115 38,230 11,22,506 11,22,506
28 0 15,292 11,22,506 0 9,147 3,823 3,06,931 8,57,207 22,867 22,938 55,292 11,88,726 8,57,907 11,88,726 19,115 38,230 11,22,506 11,22,506
29 0 15,292 11,22,506 0 9,474 3,823 2,98,825 9,00,316 23,684 22,938 57,815 12,39,827 9,00,316 12,39,827 19,115 38,230 11,22,506 11,22,506
30 0 15,292 11,22,506 0 9,800 3,823 3,01,036 9,45,548 24,501 22,938 61,129 12,93,408 9,45,548 12,93,408 19,115 38,230 11,22,506 11,22,506
31 0 15,292 11,22,506 0 10,127 3,823 2,93,170 9,92,810 25,317 22,938 64,250 13,48,371 9,92,810 13,48,371 19,115 38,230 11,22,506 11,22,506
32 0 15,292 11,22,506 0 10,454 3,823 3,16,061 10,41,945 26,134 22,938 69,261 14,05,866 10,41,945 14,05,866 19,115 38,230 11,22,506 11,22,506
33 0 15,292 11,22,506 10,74,405 10,780 3,823 0 0 26,951 22,938 0 0 0 0 11,04,300 15,07,927 11,22,506 11,22,506
There are mul ple product op ons in the product. I understand that returns vary under each op on. I have made choice of inves ng in more
than one product option considering my need and understanding the benefit under each option.
Notes: Annualized Premium excludes underwri ng extra premium, frequency loadings on premiums, the premiums paid towards the riders, if
any, and Goods & Service Tax. Refer Sales literature for explanation of terms used in this illustration.
1. The above benefit illustration demonstrates premium paid at the beginning of the year and all the benefits are paid out at the end of year.
2. The Survival Benefits are payable during the policy year when they are due as per the frequency. Upon payment at Maturity (Last Payout),
the policy terminates, and no further benefits become payable. The Maturity benefit will be the sum of Sum Assured on Maturity plus
Accumulated Income benefits, if not paid earlier, plus Terminal Bonus (if declared).
3. The surrender value payable will be higher of Guaranteed Surrender Value or Special Surrender Value (including any Terminal Bonus
payable, if declared) and is illustrated under 'Total Surrender Benefit' columns.
4. Surrender value illustrated above is end of the policy year value. Special Surrender value may be revised depending on the prevailing
market conditions. Upon payment of surrender benefit, the policy terminates, and no further benefit becomes payable.
5. The death benefits shown above are at the end of the year. Upon payment of death benefit the policy terminates and no further benefit is
payable. Not Applicable for Policies with Goal Protection Benefit.
6. Income Tax benefits would be available as per the prevailing income tax laws.
7. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
8. RB - Reversionary Bonus, TB - Terminal Bonus
9. On payment at Maturity (Last Payout), the policy terminates and no further benefits become payable.
I,……….….…….(name), have explained the premiums, charges and I………NAV EENKUMAR………(name), having received the informa on
benefits under the policy fully to the prospect/policyholder. with respect to the above, have understood the above statement
before entering into the contract.
Place:
Date: Signature of Agent/ Intermediary/ Official Date: Signature of Prospect / Policyholder
O.X.X.A.X
