Bajaj

IN THISAllianz Life RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

POLICY, THE INVESTMENT

Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Bajaj Allianz Life

Goal Assure II
A Unit-linked Non-Participating Individual Life Savings
Insurance Plan
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

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.

Why Bajaj Allianz Life Insurance?

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of expertise, sta-
bility and strength. This joint venture Company incorporates global expertise with local experience. The comprehen-
sive, innovative solutions combine the technical expertise and experience of Allianz SE, and in-depth market knowl-
edge 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 Goal Assure II 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 Goal Assure II 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 Goal Assure II.

Bajaj Allianz Life Goal Assure II

Each Life Goal achieved throughout LIFE’s journey is unforgettable. From receiving your first salary to getting married,
the first cry of your child to buying your dream home and entering your golden years; each of these ‘once in a lifetime’
experiences make your life journey memorable.
It’s human nature to protect what we value the most and what’s more valuable than these life goals itself?

You can’t afford to go wrong when it comes to planning for one’s Life Goals...can you imagine falling short of funds
when it comes to your child’s education or reaching your own retirement corpus target!!

Bajaj Allianz Life Insurance Company Ltd. presents to you Bajaj Allianz Life Goal Assure II, a life goal based, individual,
Unit Linked Insurance Plan that offers you the opportunity to plan for your ‘once-in-a-lifetime’ experiences with Zero
worries. It comes with Loyalty Additions (1) payable from the 6th Year and Fund Boosters payable at maturity. It also
returns the mortality charges on Policy maturity thereby assuring you maximized returns on your savings while also
offering protection from Day 1.

Disclaimer 1: Loyalty additions are payable only for premium of INR 5 lacs & above and wherein the policy term is 10 years & above

Key Advantages
Bajaj Allianz Life Goal Assure II is a Unit-linked Non- Participating Individual Life Savings Insurance Plan. The key advantages of
Bajaj Allianz Life Goal Assure II are as follows:
• Fund Booster at maturity (for policy term 10 years or greater)
• Loyalty additions (for Annualized Premium of Rs 5 Lakhs or more & for policy term 10 years or greater)
• Return of mortality charges at maturity (ROMC)
• Option to take death or maturity in instalments with Return Enhancer
• Choice of 4 investment portfolio strategies
• Choice of fifteen(15) funds
• Option to reduce the Premium
• Option to decrease Sum Assured and change Premium payment term
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

How does the Plan work?

In Bajaj Allianz Life Goal Assure II, Premium paid by you, are saved, as per your chosen portfolio strategy across the various
applicable funds. The units are allocated at the prevailing Unit Price of the fund. The Mortality charge and Policy Administra-
tion charge are deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price.

Benefits payable

Maturity Benefit
Under Bajaj Allianz Life Goal Assure II, the Maturity Benefit will be the Regular Premium Fund Value plus Top-up
Premium Fund Value as on the maturity date, provided the Policy is in-force.

Death Benefit
If all due Premiums are paid, then, in case of unfortunate death of the Life Assured during the Policy term, the Death
Benefit payable will be:
a. Higher of, Prevailing Regular Premium Sum Assured% or Regular Premium Fund Value
plus
b. Higher of, Top-up Sum Assured or Top-up Premium Fund Value

The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the Total Premiums* paid, till the date of
death.
* Total Premiums paid shall be sum of all Regular/Limited and Top-up Premiums paid till date .
All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office.

Note:
•%The Benefit shall be reduced to the extent of the partial withdrawals made from the Regular/Limited Premium Fund during the two (2) year period immedi-
ately preceding the death of the Life Assured

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 Regular Premium Fund Value and
Top-up Premium Fund Value, as applicable. ROMC is not applicable in case of a Surrendered, Discontinued or Paid-
up Policy and will be payable provided all due Regular Premiums under the Policy have been paid up to date.

Note:
1) Amount of Mortality charge 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.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Fund Booster
On the maturity date, Fund Booster will be added to the Regular Premium Fund Value, provided all due Regular Pre-
miums have been paid up to the date. The Fund Booster (as % of one Annualized Premium) are as below -

Policy Term Fund Booster (% of one Annualized Premium)2

5 years Not Applicable
10 years 20%
15 years 40%
20 years 60%
2
Fund Booster is based on Annualized Premium chosen at inception of the Policy
1) The Fund Booster will be allocated in funds in the same proportion of the Fund Value as at the date of addition.
2) Fund Booster is payable only for policies where the Policy term is 10 years & above
3) There will not be any Fund Booster for Top-up Premium paid. Fund Booster will not be paid for Surrendered, Dis-
continued or Policy converted to Paid-up Policy

Loyalty Additions
The Insurance Company shall allocate Loyalty Additions to the Regular Premium Fund Value as percentage of one
Annualized Premium from the 6th year onwards, provided all due Regular Premiums have been paid up to date. The
Loyalty Additions are below:
Policy Term Loyalty Additions (% of one Annualized Premium)1
5 years Not Applicable
10 years 0.50%
15 years 1%
20 years 1.5%
1) Loyalty additions are payable only for policies where the Annualized Premium chosen at inception is Rs 5 Lakhs &
above and wherein the Policy term is 10 years & above. Loyalty additions is not payable where Annualized Premium
chosen at inception is below Rs. 5 Lakhs or where the Policy term under the Policy is 5 years
2) In case the Premium(s) are un-paid and the Policy is revived during the revival period by paying all due Premiums,
the Loyalty Additions due-but-not-allotted during the period the Policy was in Discontinuance will be added to the
Fund as on the date of revival.
3) Amount of Loyalty Additions will be allocated in Funds in the same proportion of the Fund Value as at the date of
addition.
Note:
Loyalty Additions will not be applicable for Top-up Premium paid.
Loyalty Additions will not be paid for a Surrendered, Discontinued or Policy converted to Paid-up Policy.

Family Benefit
If any of your family member is an existing policyholder of Bajaj Allianz Life Insurance Company Limited, you will be
entitled to a family benefit.
The benefit will be paid to you on maturity and will be added into the regular premium fund value as a percentage of
the average of your previous three years daily regular premium fund value
The percentage of family benefit will depend upon the policy term opted by you:

Policy Term Loyalty Benefit

5 years 0.25%
10,15 years 0.5%
20 years 1%
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

• There will not be any family benefit for Top-up premiums paid
• The amount of Family Benefit will be allocated in the funds in the same proportion of the fund values as at the
date of addition.
• Family member shall mean spouse, children, brothers, sisters, grandchildren, parents, parents in-laws; and will
be available to family members of existing customers including who have matured policies

Rider Available
You have an option to enhance your protection by opting for rider available in the variant.
1. Bajaj Allianz Life Linked Accident Protection Rider UIN: 116A055V01
Please refer to respective rider sales literature or visit the insurance company’s website or consult your insurance
consultant for more details and eligibility condition.

Surrender Benefit
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 Regular Premium Fund Value, less the
Discontinuance/Surrender charge plus the Top-up Premium Fund Value, if any, as on the date of surrender, will
be transferred to the Discontinued Life Policy Fund (maintained by the Insurance Company), and Life cover shall
cease immediately. The Discontinuance Value as at the end of the lock-in period will be available to you as Surren-
der Benefit.
ii. On surrender after the lock-in period of first five years of your Policy, the Surrender Benefit available will be Reg-
ular Premium Fund Value plus 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 Surrender/Discontinuance Value by the Insurance Company.

Sample Illustration
Alok is 35 years old and has taken a Bajaj Allianz Life Goal Assure II Policy for which he is paying a Premium of Rs.
50,000 p.a. for a payment term of 10 years with a Sum Assured of Rs. 5 Lakhs. He has chosen a Policy term of 15
years. The total premium paid by Alok is 5,00,000. Let’s see the benefits available under the Policy.

Maturity Benefit
On the maturity date, Alok’s Maturity Benefit, based on the assumed investment returns, are as per the table given
below:
Total Maturity Benefit (Fund
At investment return Fund Booster Return of Mortality Charge
Value)
of 8% 20,000 2,166 9,70,742
of 4% 20,000 2,499 6,50,581
Death Benefit
In case of Alok’s unfortunate death in the 12th Policy year, the Death Benefit, based on the assumed investment
returns, are as per the table given below.
At investment return Death Benefit
of 8% 7,90,919
of 4% 5,87,241
The Death Benefit is subject to the Guaranteed Death Benefit, which is 105% of the Total Premiums paid, till the date
of death.

# The above illustrations are considering investment is in the “Pure Stock Fund II”& Goods & Service tax of 18%
The benefit amount indicated is a non-guaranteed illustrative figure and is subject to Policy terms and conditions.
The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits
of returns under the Policy.
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Features

Investment Options and Funds

Bajaj Allianz Life Goal Assure II provides you with four unique portfolio strategies, which can be chosen at the incep-
tion of your Policy:
• Investor Selectable Portfolio Strategy
• Wheel of Life Portfolio Strategy
• Trigger Based Portfolio Strategy
• Auto Transfer Portfolio Strategy

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 fiteen(15) Funds below to suit your invest-
ment needs.

Fund Risk Asset

Investment Objective SFIN
Name Profile Allocation
Equity The investment objective of this fund is Very Equity: Not less than 60% ULIF05106/01/
Growth to provide capital appreciation through High Bank deposits: 0% to 40% 10EQTY
Fund II investment in selected equity stocks that Money market instruments, GROW02116
have the potential for capital appreciation Cash, Mutual funds#: 0% to 40%

Accel- The investment objective of this fund is to Very Equity: Not less than 60%, Out ULIF05206/01/
erator achieve capital appreciation by investing High of the equity investment at least 10ACCMIDCA02116
Mid-Cap in a diversified basket of mid cap stocks 50% will be in mid cap stocks,
Fund II and large cap stocks. Bank deposits: 0% to 40% Mon-
ey market instruments, Cash,
Mutual funds#: 0% to 40%

Pure The investment objective of this fund is Very Equity: Not less than 60% ULIF02721/
Stock to specifically exclude companies dealing High Bank deposits: 0% to 40% 07/06PURESTK
Fund in Gambling, Contests, Liquor, Entertain- Money market instruments, FUN116
ment (Films, TV etc.), Hotels, Banks and Cash, Mutual funds#: 0% to 40%
Financial Institutions
Pure The investment objective of this fund is Very Equity: Not less than 75% ULIF07709/01/
Stock to specifically exclude companies dealing High Money market instruments, 17PURSTK
Fund II in Gambling, Contests, Liquor, Entertain- Cash, Fixed deposits, Mutual FUN2116
ment (Films, TV etc.), Hotels, Tobacco and funds#: 0% to 25%
Tobacco related Institutions.
Asset Al- The investment objective of this fund will High Equity: 40% - 90% Debt, Bank ULIF07205/12/
location be to realize a level of total income, includ- deposits & Fixed Income Secu- 13ASSET
Fund II ing current income and capital apprecia- rities: 0% - 60% ALL02116
tion, which is consistent with reasonable Money market instruments: 0%
investment risk. The investment strategy - 50%
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 de-
pending on the relative attractiveness of
each asset class.
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Bluechip The investment objective of this fund is to High Equity: Not less than 60% ULIF06026/10/
Equity provide capital appreciation through in- Bank deposits: 0% to 40% 10BLUECHIPEQ116
Fund vestment in equities forming part of NSE Money market instruments,
NIFTY. Cash, Mutual funds#: 0% to 40%
Bond The investment objective of this fund is to Mode- Debt and debt related securi- ULIF02610/07/
Fund provide accumulation of income through rate ties incl. Fixed deposits: 40% 06BONDFUNDLI
investment in high quality fixed income to 100% Money market instru- 116
securities ments, Cash, Mutual funds#: 0%
to 60%
Liquid The objective of this fund is to have a fund Low Bank deposits and Money Mar- ULIF02510/07/
Fund that aims to protect the invested capital ket Instruments: 100% 06LIQUIDFUND
through investments in liquid money mar- 116
ket and short-term instruments
Flexi Cap To achieve capital appreciation by invest- Very Equity & Equity Related Instru- ULIF07917/11/
Fund ing in a diversified basket of stocks across High ments: 65-100%. Cash, Bank 21FLXCAP-
market capitalizations i.e. Large cap, mid deposits, Liquid Mutual funds FUND116
cap and small cap and money market instruments:
0-35%
Sus- To focus on investing in select companies Very Equity & Equity related instru- ULIF08017/11/
tainable from the investment universe which con- High ments: 65-100%. Cash, Bank 21SUSE-
Equity duct business in socially and environmen- deposits, Liquid Mutual funds QUFUND116
Fund tally responsible manner while maintain- and money market instruments:
ing governance standards. 0-35%
Small To achieve capital appreciation by invest- Very Equity#2: 65-100% ULIF08717/01
Cap Fund ing in a diversified basket of predomi- High Bank deposits, money market /23SMALLCAP
nantly* small cap stocks. instrument and mutual funds: FU116
0-35%
Dynamic The investment objective of this fund will High Equity & Equity related instru- ULIF08617
Asset Al- be to realize a steady stream of current ment: 10-90% /01/23DYN
location income and as well as generate capital Debt and Debt related instru- ASALLOC116
Fund appreciation with appropriate risk and ment: 10-90%
return expectations of the asset classes. Money Market instrument:
The investment strategy would involve a 0-80%
flexible asset allocation among fixed in-
come and equity securities based on the
outlook for each of these asset classes.
Individu- To provide stable returns through invest- Moder- Debt and Debt related instru- ULIF08817
al Short ment in various fixed income securities ate ment: 40-100% /01/23IND
Term Money Market instrument: STRMDBT116
Fund 0-60%
Midcap To provide capital appreciation through Very Equity & Equity related in- ULIF08919
Index investment in equities forming part of High struments: 65-100% /10/23MID
Fund Nifty Midcap 150 Index Cash, Bank Deposits, Liquid CPINDFD116
Mutual Funds and Money
Market Instruments: 0-35%
Debt To provide accumulation of income Moder- Debt instrument: Not less than ULIF00923
Plus through investment in high quality fixed ate 80%Money Market instrument: /07/04DEB
Fund income Securities. Not more than 20% TPLUSFU116

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.
#2
Minimum 60% in small cap stocks, Market-cap exposure is based on equity exposure re-scaled to 100%
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

• 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 Insurance Company.
• You can switch out of this Portfolio Strategy at any policy anniversary by giving a written notice to the Insurance
Company 30 days in advance.
• After taking prior approval from IRDAI, the Company may carry out addition, closure, or merger of the Funds
available under this Policy.

b) Wheel of Life Portfolio Strategy:

• This provides you with a “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 Insurance Company
• 30 days in advance.
• If this Portfolio Strategy is opted, your Regular Premium and the Top-up Premium, if any, would be allocated in the
Funds mentioned (namely Bluechip Equity Fund, 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 opted for this Portfolio Strategy:
o The Insurance Company will reallocate the Regular Premium and Top-up Premium, if any among various funds
in the proportion based on your outstanding years to maturity
o The Regular Premium and Top-up Premium, if any, paid in that particular Policy year will also be allocated in
the same proportion.
• On each Policy anniversary, we will reallocate your Fund Value among various funds in the proportion based on
your outstanding years to maturity.
• All allocation & de-allocation of unit will be based on the prevailing unit price
• This will ensure that a balance is maintained between your “years to maturity” and level of risk on your invest-
ments, to optimize the returns
• The proportion of allocation/reallocation of your Regular Premium/ Fund Value into various funds based on your
outstanding years to maturity will be as follows:

Proportion in following three Funds (%)

Years to Liquid Fund
Bluechip Equity Growth Accelerator Bond Fund (%)
Maturity Total (%)
Equity Fund Fund II Mid-Cap Fund II
20 & above 20 50 30 100 0 0
19 30 50 20 100 0 0
18 30 50 20 100 0 0
17 30 50 20 100 0 0
16 30 50 20 100 0 0
15 40 40 15 95 5 0
14 40 40 10 90 10 0
13 40 40 5 85 15 0
12 40 40 0 80 20 0
11 40 35 0 75 25 0
10 40 30 0 70 30 0
9 40 25 0 65 35 0
8 40 20 0 60 40 0
7 40 15 0 55 45 0
6 40 10 0 50 50 0
5 40 0 0 40 55 5
4 30 0 0 30 60 10
3 20 0 0 20 65 15
2 10 0 0 10 70 20
1 0 0 0 0 80 20
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

• You will not have the option to switch units or change the apportionment of Premium to various funds, under this
portfolio strategy.
• You can opt out of this Portfolio Strategy at any subsequent Policy anniversary by giving a written notice to the
Insurance 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:

• This strategy helps you in ‘Securing your Gains’ and maintain your asset allocation.
• You can opt for this Portfolio Strategy at the commencement of the Policy only
• Your Premium will be allocated to two funds – Equity Growth Fund II, an equity oriented fund and Bond Fund, a debt
oriented fund – in a 75%: 25% proportion. The fund allocation may subsequently get altered due to market move-
ments.
• We will re-balance or reallocate funds in the portfolio based on a pre-defined trigger event. The trigger event is
defined as a 15% upward movement in Unit Price of Equity Growth Fund II, since the previous rebalancing or from
the Unit Price at the inception of the Policy, whichever is later.
• On the occurrence of the trigger event, 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 appro-
priate units from Equity Growth Fund II.
• Such rebalancing will ensures that 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 opt out of this Portfolio Strategy at any subsequent Policy anniversary by giving a written notice to the
Insurance Company 30 days in advance.

d) Auto Transfer Portfolio Strategy:

• This strategy helps you to save 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 Insurance 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 product) 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 the

11 10 9 8 7 6 5 4 3 2 1
next Premium due date
Proportion of Fund Value 1/11 1/10 1/9 1/8 1/7 1/6 1/5 ¼ 1/3 ½ 1
• The strategy will not be available if the Policyholder has opted for monthly mode.
• You can opt out of this Portfolio Strategy at any subsequent Policy anniversary by giving a written notice to the
Insurance Company 30 days in advance.

Partial withdrawal
You have the option to make partial withdrawals, any time after the fifth Policy year, subject to the following condi-
tions:
• The minimum amount of partial withdrawal is Rs. 5,000.
• The Regular Premium Fund Value should not fall below four times of the prevailing Annualized Premium after a
partial withdrawal.
• Partial withdrawals will be paid by canceling the units at prevailing Unit Price.
• All partial withdrawals will be first made from eligible Top-up Premium Fund Value, if any, on First in First out
(FIFO) basis. Once the eligible Top-up Premium Fund Value is exhausted, further partial withdrawals will be made
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

from the Regular Premium Fund Value. For the purpose of partial withdrawals, each payment of Top-up Premium
shall have a lock-in period of five years.
• The maximum amount of partial withdrawal at any one time is 10% of the Total Premiums paid, as on the with-
drawal request date.
• Partial withdrawal will not be permitted if the proposed withdrawal will result in the Regular Premium Fund Value
falling below four (4) times of the Annual Premium.
• A maximum of two partial withdrawals can be made in any one Policy year.
• The total amount withdrawn through-out the Policy term cannot exceed 50% of the Total Premiums paid,.
• The time interval between any two partial withdrawals cannot be less than 3 months.
• A partial withdrawal shall be disallowed if it results in foreclosure of the Policy contract.
• In case of minor life, partial withdrawal is allowed only after attaining age of 18 years
• In the Investor Selectable Portfolio Strategy, you will have the option to choose the fund(s) from which you want to
make partial withdrawals.
• In the Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy with-
drawal 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.
• The Insurance Company may vary the minimum/ maximum value of units to be withdrawn, 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 (subject to prior approval from the IRDAI) by giving you a written notice
of three months in advance.

Premium Apportionment – Only under the Investor Selectable Portfolio Strategy

• Under the Investor Selectable Portfolio Strategy, you can choose to invest fully in any one fund or allocate your
Regular Premium and Top-up Premium into the various funds in a proportion that suits your investment needs.
The Premium apportionment to any fund must be at least 5%
• You may, at any time, change the proportion of Regular Premium and Top-up Premium to the funds you wish to
pay
• Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable for change in Premium
apportionment
• The Insurance 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
• In case of Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy, you
cannot change the apportionment. The apportionment of the allocated Regular Premium and Top-up Premium will
be as per the respective Portfolio Strategies.

Switching between funds – Only under the Investor Selectable Portfolio Strategy
• You have the flexibility to switch units between your investment funds according to your risk appetite and invest-
ment decisions, by giving written notice to the Insurance Company
• You can make unlimited free switches
• The minimum switching amount is Rs. 5,000 or the value of units in the fund to be switched from, whichever is
lower
• The Insurance Company shall effect the switch by redeeming units from the fund to be switched from and allocat-
ing new units in the fund being switched to at their respective Unit Price
• Switching between funds is not allowed when Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy or
Auto Transfer Portfolio Strategy is opted for.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Switching of Portfolio Strategy

You may, at any Policy anniversary, switch out from any of the four unique portfolio strategies i.e. Investor Selecta-
ble Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio
Strategy and switch into anyone of the following three strategies –
• Investor Selectable Portfolio Strategy
• Wheel of Life Portfolio Strategy
• Auto Transfer Portfolio Strategy
• Trigger Based Portfolio Strategy can be opted for only at inception. Once you have opted out of Trigger Based Port-
folio Strategy, you cannot choose the Trigger Based Portfolio Strategy again during the term of the Policy
• Switching out of Portfolio strategy can be done by giving a 30 days written notice prior to the Policy anniversary
• On switching in to 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 or Auto Transfer
Portfolio Strategy any, the existing funds and the new Premiums paid will be allocated as per the respective Port-
folio Strategy.
• Miscellaneous charge, as mentioned in Table of Charges, will be applicable

Premium payment frequency

You can opt to alter your Regular/Limited Premium payment frequency any time, to any other Premium payment
frequency (i.e., yearly, half-yearly, quarterly or monthly), provided the existing & requested Premium payment fre-
quencies can be aligned and subject to minimum Premium limits under the plan.

Premium frequency Monthly Quarterly Half yearly Yearly

Frequency Factor (freq) 1/12 ¼ ½ 1

Quarterly & Monthly Premium payment frequency will be available under auto-debit options as approved by RBI
Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable for the option.

Option to reduce the Regular/Limited Premium

• You will have the option to reduce the prevailing Regular/Limited Premium under the Policy after the first five (5)
Policy years.
• The reduction can be up to a maximum percentage of 50% of the Regular/Limited Premium at the inception of the
Policy.
• Once reduced, the same cannot be increased, even to the Regular/Limited Premium at inception of the Policy.
• On receipt of the reduced Premium, the prevailing Sum Assured under the Policy will be correspondingly reduced.
• Miscellaneous charge, as mentioned in Table of Charges, will be applicable

Option to change premium payment term

• You have an option to change the premium payment term
• The change in premium payment term will be applicable only after a period of 5 years
• The increase or decrease in PPT is subject to the premium payment term and policy term combination available
under the plan
• The option to change PPT can be exercised provided all due premiums have been paid till date
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Top-up Premium
• You can make lump sum savings at any time except during the last five Policy years, by paying Top-up `Premiums,
over and above the Regular/Limited Premiums payable, provided all due premiums have been paid.
• Top-up Premiums would be treated as a single Premium.
• The minimum Top-up Premium is Rs. 5,000
• The amount of Top-up Premium paid by you would determine your Top-up Sum Assured on your life. The Top-up
Sum Assured will be 1.25 times of Top-up Premium paid
• At any point of time during the currency of your Policy, the total Top-up Premiums paid shall not exceed the sum
total of the Regular/Limited Premiums paid at that point of time.
• Each Top-up Premium paid by you will have a lock-in period of 5 (five) years, except in case of complete surrender
of Policy, and the lock in would apply from the date of payment of each Top-up Premium.
• The Insurance Company reserves the right to disallow a Top-up Premium based on the board approved underwrit-
ing guidelines.

Decrease in Sum Assured

You will have a choice to reduce your Sum Assured anytime during the Policy term, if your Sum Assured under the
plan is higher than 10 times of your Annualized Premium. Such a decrease in Sum Assured can be done by giving
a 30 days written notice prior to any Policy anniversary, subject to the minimum Sum Assured allowed under the
product. Once the Sum Assured is reduced, you cannot increase the Sum Assured anytime later during the Policy
term.
Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable for this option.

Settlement Option
Option to take Maturity Benefit in instalments –
a. You will have the option to receive your Maturity Benefit in installments (payable yearly, half yearly, quarterly or
monthly) spread over a maximum period of five (5) years
b. The Policy monies will continue being invested in the same Fund(s) and in the same proportion as on the Maturi-
ty 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 di-
vided 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.
e. Installment payment will be made by redeeming units from the Funds at the unit price applicable on the install-
ment date
f. Savings risk during the settlement period will be borne by You
g. During this period, in case of death of the Life Assured, the Death Benefit, which will be higher of 105% of Premi-
um paid or outstanding Fund Value, will be paid as a lumpsum to the nominee and the Policy will be terminated
h. Rider covers will not be available
i. No partial withdrawals are allowed during the settlement period
j. Only fund management charge and mortality charge shall be applicable during the settlement period
k. Alternatively, you will have an option to withdraw the Fund Value completely, anytime during the settlement peri-
od. The Fund Value will be calculated as the total number of outstanding units in the Policy multiplied by the unit
price 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
(5) 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
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

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
e. Installment payment will be made by redeeming units from the Fund(s) at the unit price applicable on the install-
ment date
f. Savings risk during the settlement period will be borne by the nominee
g. No risk cover or Rider 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 as on date of complete withdrawal.

Tax Benefits
Premium paid, Maturity Benefit, Death Benefit and Surrender Benefit are eligible for tax benefits as per extant In-
come Tax Act, subject to the provision stated therein and as amended from time to time.
You are requested to consult your tax consultant and obtain independent tax advice for eligibility and before claim-
ing any benefit under the Policy.

Product Terms and Conditions

Eligibility
Parameter Details
0 year
In case of minor life, the risk cover will commence immediately on date of com-
Age at Entry
mencement of Policy and the policy will vest on the attainment of majority (age
18 years)
Maximum Entry Age 60 years

Maximum Age at Maturity 75 years

Policy Term 5 / 10 / 15 / 20 years

The Premium payment term will be as follows

Premium Payment Term 5, 7, 10, 15 or 20

Premium Paying Term 5 years 5, 7 or 10 years 5, 7, 10 or 15 years
years
(PPT)
Policy term 5 years 10 years 15 years 20 years

Frequency Yearly Half-yearly Quarterly Monthly Top – up

Minimum Premium Premium (in Rs.) 36,000 18,000 9,000 3,000 5,000
(Modal Premium & Top-
Quarterly & Monthly Premium payment frequency will be available under au-
up)
to-debit options as approved by RBI

Premium Payment Fre-

Yearly, Half-yearly, Quarterly and Monthly
quency

Minimum Sum Assured 7 times Annualized Premium

Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Maximum Sum Assured X * Annualized Premium, where X is based on age at entry and Policy term as
mentioned below
For Annualized Premium of Rs. 36,000 to Rs. 4,99,999:
Policy Term (in
years)/ Age at 0 – 35 36 – 40 41 – 44 45 – 50 51 – 60
entry (in years)
5 & 10 10
15 & 20 15 15 15 10

For Annualized Premium of Rs. 5 Lakh & above:

Policy Term (in
years)/ Age at 0 – 35 36 – 40 41 – 44 45 – 50 51 – 60
entry (in years)
5 & 10 10
15 & 20 20 20 20 10

Minimum & Maximum 1.25 times Top-Up Premium

Sum Assured on Top-
up Premium
Age calculated is age as at the last birthday
Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier.

Non-Payment of Premiums
a) On Discontinuance of Regular Premiums due during the first five (5) Policy years, the Policy will be converted
to a Discontinued Life Policy (without any risk cover, any additional rider cover, Guaranteed Benefit, Loyal-
ty Addition or Fund Booster) at the end of the grace period, and the Regular Premium Fund Value less the
Discontinuance/Surrender charge along with Top-up Premium Fund Value, if any, will be transferred to the
Discontinued Life Policy fund.
i) A notice will be sent by the Insurance Company to you within three (3) months from the date of first unpaid
Premium, informing you of the status of the Policy and requesting to revive the Policy or, in writing, agree to
revive the Policy within the revival period of three (3) years from the date of first unpaid Premium, by paying
all due Regular Premiums.
ii) If you have opted to revive the Policy but have not revived the Policy within the revival period, the Discontinu-
ance Value shall be payable as the Surrender Benefit at the end of lock-in period of five (5) Policy years or at
the end of the revival period, whichever is later.
iii) If no communication is received from you with respect to the revival of the Policy, the Discontinuance Value
shall be payable as the Surrender Benefit at the end of lock-in period of five (5) Policy years.
iv) At any time you have the option to completely withdraw from the Policy without any risk cover, any additional
rider cover, Guaranteed Benefit, Loyalty Addition or Fund Booster and receive the Discontinuance Value (as
Surrender Benefit) at the end of the lock-in period of five (5) Policy years or the date of surrender, whichever
is later.
b) On Discontinuance of Regular Premiums due after the lock-in period of five (5) Policy years, the Policy will
be, immediately & automatically, converted to a Paid-up Policy at the end of the grace period, with risk cover
under the base Policy to the extent of the Paid-up Sum Assured and without any rider cover, Guaranteed Ben-
efit, Loyalty Addition, Return of Mortality Charge or Fund Booster. The Paid-up Sum Assured will be the Sum
Assured in the Policy multiplied by the proportion of the number of Regular Premiums paid to the number
of Regular Premiums payable in the Policy . All charges as per the terms & conditions of the Policy will be
deducted.
i) A notice will be sent by the Insurance Company to you within three (3) months from the date of first unpaid
Premium, informing you of the status of the Policy and requesting you to exercise one of the options men-
tioned below.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

1) Option A: Revive the Policy or, in writing, agree to revive the Policy within the revival period of three (3) years
from the date of first unpaid Premium, by paying all due Regular Premiums, OR
2) Option B: Intimate the Insurance Company to completely withdraw from the Policy without any risk cover
or any additional rider cover and receive the Surrender Benefit under the Policy as on the date of receipt of
such intimation.
ii) If you have chosen the Option A above but does not revive the Policy during the revival period, or the Insur-
ance Company does not receive any intimation in writing from you, the Policy shall be treated as an a Paid-up
Policy, as mentioned in section b) above. At the end of the revival period, if the Policy has not been revived,
the Surrender Benefit under the Policy as at the end of the revival period will be payable to you.
iii) If you decide to surrender the Policy as per Option B above, the Surrender Benefit under the Policy as on the
date of receipt of such intimation, will be payable to you.
c) Notwithstanding anything mentioned above, on the death of the life assured,
i) If the Policy is discontinued as per sub-section a) above, the Discontinuance Value as on the date of receipt
of intimation at the Insurance Company’s office, shall be payable as Death Benefit, and, then, the Policy will
terminate.
ii) If the Policy is discontinued as per sub-section b) above, the higher of the [Paid up Sum Assured or Regular
Premium Fund Value] plus higher of the [Top-up Sum Assured or Top-up Premium Fund Value], if any, subject
to a minimum of the Guaranteed Death Benefit, all, as on the date of receipt of intimation, shall be payable as
Death Benefit, and, then, the Policy will terminate.

Revival
A Discontinued Policy can only be revived subject to following conditions:
• The Insurance Company receives the request for revival by the Policyholder within three (3) years from the
date of discontinuance of the Policy provided the Policy is not terminated already.
• Such information and documentation as may be requested by the Insurance Company is submitted by you at
your own expense.
• The Policy may be revived on the original Policy terms & conditions, revised terms & conditions or disallowed
revival, based on board approved underwriting guidelines.
• On revival of the Discontinued Policy,
1) The Policy will be revived restoring the risk cover, Guaranteed Benefit, Return of mortality charge, Loyalty
additions & Fund Booster.
2) All the due but unpaid Premiums will be collected without charging any interest or fee.
3) If the Policy is a Discontinued Policy, the Discontinuance Value of the Policy together with the amount of
Discontinuance charge (without any interest) as deducted by the Insurance Company on the date of discontin-
uance of the Policy, shall be restored to the chosen fund(s) in the same proportion as it existed on the date of
discontinuance, at their prevailing Unit Price.
4) The Policy administration charge, as applicable during the discontinuance period shall be deducted from
Regular/ Limited Premiums paid or from the fund at the time of revival.
5) The Loyalty Additions due-but-not-allotted during the period the Policy was in Discontinuance shall be added
to the Regular Premium Fund Value.

Computation of Unit Price

The Unit Price 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 exist-
ing on the Valuation Date. This calculation will be done before creation/redemption of units.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Force Ma’jeure
a) As per Regulation 33 & 34 of the IRDAI (Unit Linked Insurance Products) Regulations, 2019, the company will
declare a ‘Single’ Unit Price or Net Asset Value (NAV) for each segregated fund on a day-to-day basis.
b) The company specifies that, in the event of certain force majeure conditions, the declaration of Unit Price or NAV
on a day-to-day basis may be deferred and could include other actions as a part of investment strategy (e.g. taking
exposure of any Segregated Fund (SFIN###) up to 100% in Money Market Instruments [as defined under Regulations
2(j) of the IRDAI (Investment) Regulations, 2016])
c) The Insurance Company shall value the Funds (SFIN) on each day for which the financial markets are open. How-
ever, the Insurance Company may value the SFIN less frequently in extreme circumstances external to the Insur-
ance Company i.e. in force majeure events, where the value of the assets is too uncertain. In such circumstances,
the Insurance Company may defer the valuation of assets for up to 30 days until the Insurance Company is certain
that the valuation of SFIN can be resumed.
d) The Insurance 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.
e) The Insurance Company shall continue to invest as per the fund mandates. However, the Insurance Company
shall reserve its right to change the exposure of all or any part of the Fund to Money Market Instruments [as de-
fined 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.
f) 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 Insurance
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 Insurance Company.
In such an event, an intimation of such force majeure event shall be uploaded on the Insurance Company’s website
for information.

Charges under the Plan

Charges Details
Premium Allocation Charge Nil
Rs. 400 per annum inflating at 5% per annum, subject to a maximum of Rs. 500
Policy Administration month
Charge (PAC) The charge will be deducted at each monthly anniversary by cancellation of units
at prevailing Unit Price.
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Fund Management Charge per

Fund
annum
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%
Fund Management Charge Bond Fund 0.95%
(FMC)
Discontinued Life Policy Fund 0.50%
Flexi Cap Fund 1.35%
Sustainable Equity Fund 1.35%
Small Cap Fund 1.35%
Dynamic Asset Allocation Fund 1.35%
Individual Short Term Debt Fund 0.95%
Midcap Index Fund 1.35%
Debt Plus Fund 0.70%
This charge would be adjusted in the Unit Price.
Miscellaneous Charge Miscellaneous charge of Rs.100/- per transaction.
Discontinuance charge Discontinuance charge
Where the Policy is Dis-
for the policies having for the policies having
continued during the Policy
annualized Premium Annualized Premium
year
up to Rs. 50000/- above Rs. 50000/-
Lower of 20% * (AP or Lower of 6% * (AP or
1 FV) subject to maxi- FV) subject to maxi-
mum of Rs. 3,000 mum of Rs. 6,000
Lower of 15% * (AP or Lower of 4% * (AP or
2 FV) subject to maxi- FV) subject to maxi-
mum of Rs. 2,000 mum of Rs. 5,000
Discontinuance Charge
Lower of 10% * (AP or Lower of 3% * (AP or
3 FV) subject to maxi- FV) subject to maxi-
mum of Rs. 1,500 mum of Rs. 4,000
Lower of 5% * (AP or Lower of 2% * (AP or
4 FV) subject to maxi- FV) subject to maxi-
mum of Rs. 1,000 mum of Rs. 2,000
5 & above Nil Nil
AP – Annualized Premium & FV – Regular Premium Fund Value
Discontinuance Charge for Top-ups is Nil.

Mortality Charge will be deducted at each monthly anniversary by cancellation of

units.
Female life assured will be eligible for an age-set-back of 3 years.
Discontinuance Charge
For sub-standard lives, extra mortality charge will be applicable which will be
Mortality Charge
deducted as charges by cancellation of units.
Sample mortality charges per annum per thousand of sum at risk for a healthy
male life is shown below:
 Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Age (yrs) 20 30 40 50
Rs. 0.68 0.80 1.41 3.91
Sum at risk is equal to Maximum of [Death Benefit – Regular Premium Fund Value
– Top-up Premium Fund Value, zero]

Goods & Service Tax/ any

other applicable tax levied,
As applicable on all Charges mentioned above.
subject to changes in tax
laws

Revision of Charges
After taking due approval from the Insurance Regulatory and Development Authority of India, the Insurance Com-
pany 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 Rs. 500 per month.
• Miscellaneous charge up to a maximum of Rs.500/- per transaction
• Partial Withdrawal charge up to a maximum of Rs. 500/- per transaction
• Switching charge up to a maximum of Rs. 500/- per transaction
• The Insurance Company shall give an advance notice of 3 months for any change in charges.In case you do not
agree with the modified charges you will be allowed to surrender the policy at the then prevailing unit value. Dis-
continuance/ Surrender charge will be applicable if you surrender during the lock-in period, otherwise, not.

Termination
• All risk cover under the Policy will terminate immediately, and the Policy will terminate on payment of the last
instalment.
o 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:
o On foreclosure of the Policy
o On the date of receipt of intimation of death of the Life Assured (unless the Settlement option has been opted
for.
o On payment of Discontinuance Value or Surrender Benefit.
o The Maturity Date, unless the Policyholder has opted for the Settlement Option.
o The expiry of the Settlement period, if opted.
o On cancellation of Policy during Free look period

Grace Period
A grace period of 30 days for yearly, half yearly & quarterly Premium payment frequency and 15 days is available
for monthly Premium payment frequency from the due date of Regular Premium payment, without any late fee,
during which time the Policy is considered to be in-force with the risk cover without any interruption as per the
Policy terms and conditions.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Free Look Period

a) The policyholder has a free look period of fifteen (15) days from the date of receipt of the policy document and
period of 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 or 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 the premium paid subject only to a deduction of a proportionate risk premium for the pe-
riod of cover and the expenses incurred by the insurer on medical examination of the proposer and stamp duty
charges.
b) In addition to the deductions under sub-section a) above, the company shall also be entitled to repurchase the
units at the price of the units on the date of cancellation.

Foreclosure
If the Fund Value under any policy after the completion of three (3) Policy Years is lower than one prevailing An-
nualized Premium the Policy shall be automatically foreclosed, and any Discontinuance Value/ Surrender Benefit
shall be available to the Policyholder, as per the applicable Policy terms and conditions in the surrender benefit
section. 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.

Suicide Exclusion
In case of death of life assured due to suicide within 12 months from the date of commencement of the Policy or
from the date of revival of the policy, whichever is later, the nominee or beneficiary shall be entitled to Fund Value,
as available on the date of intimation of death. Any charges other than Fund Management Charge or guarantee
charge recovered subsequent to the date of death shall be added to the Fund Value as on the date of intimation of
death.
There is no other exclusion applicable with respect to death other than suicide exclusion.

Definitions
a. Fund Value: The Fund Value is equal to the total number of units pertaining to Regular/ Limited Premium,
Top-up Premium, Loyalty Addition and Fund Booster existing in each fund under a Policy multiplied by the
respective Unit Price on the relevant Valuation Date.
b. Annualised Premium: The premium amount payable in a year excluding the taxes, rider premiums and un-
derwriting extra premium on riders, if any.
c. Regular Premium Fund Value: Regular Premium Fund Value is equal to the total units in respect of prevailing
Regular/Limited Premiums paid under this Policy multiplied by the respective Unit Price on the relevant Valu-
ation Date.
d. Top-up Premium Fund Value: Top-up Premium Fund Value is equal to the total Units in respect of Top-up Pre-
mium under this Policy multiplied by the respective Unit Price on the relevant Valuation Date.
e. Paid-up Sum Assured: Paid-up Sum Assured means a proportion of the prevailing Sum Assured, where the
proportion is the ratio of the total number of Regular Premiums paid to the total number of Regular Premiums
payable under the Policy.
f. Unit Price: 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.
g. Discontinued Life Policy Fund: It is the fund maintained by the Insurance 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.
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Portfolio Allocation:

Money market instruments 0% to 40%

Government securities 60% - 100%

h. Discontinuance Value:
1. The Discontinuance Value of the Policy will be higher of:
a) The Fund Value less the Discontinuance/Surrender, as on date of Discontinuance/Surrender accumulated at
the rate of return earned on the Discontinued Life Policy Fund net of fund management charge.
b) The Fund Value less the Discontinuance/Surrender charge, as on date of Discontinuance/Surrender accu-
mulated at the guaranteed rates of investment return net of fund management charge. The current guaran-
teed rate of investment return is 4% p.a.
2. Unless death of the life assured has happened earlier, the Discontinuance Value shall be payable to the Policy-
holder 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 Discontinuance Value as on the date of intima-
tion of death at the Insurance 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 Discontinuance Value may change from time to time as per the IRDAI guidelines.
i. Valuation Date: The date when the Unit Price 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 circumstanc-
es, 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.

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: Section 41 of the Insurance Act, 1938:

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 accord-
ance 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.”
Bajaj Allianz Life
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Fraud & Misstatement

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.

The product is also available for sale through online mode.

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
Insurance 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 influ-
encing 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 Goal Assure II
is only the name of the 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 , Small Cap Fund, Midcap Index Fund, Dynam-
ic Asset Allocation Fund, Individual Short Term Debt Fund, Debt Plus Fund, Liquid Fund & Bond Fund are the
name of the funds along with Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger
Based Portfolio Strategy or Auto Transfer Portfolio Strategy offered currently with Bajaj Allianz Life Goal
Assure II 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 , Small Cap Fund, Midcap Index Fund, Dynamic
Asset Allocation Fund, Individual Short Term Debt Fund, Debt Plus Fund, Liquid Fund & Bond Fund do not offer
a guaranteed or assured return.
• The savings in the units are subject to market and other risks.
• The past performance of the funds of the Insurance 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
Goal Assure II
a Unit-linked Non- Participating Individual Life Savings Insurance Plan

Contact Details
Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006.
IRDAI Reg No.: 116 | BALIC CIN: U66010PN2001PLC015959
For any queries please contact:

CALL (TOLL FREE) 1800 209 7272 / 1800 209 0144

Mail us: [email protected] Visit us at: www.bajajallianzlife.co.in UIN: 116L180V02

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.

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.

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. Please check with your tax consultant for eligibility.

BJAZ-BR-EC-04666/23