Bajaj Allianz Life Guaranteed Wealth Goal

At a Glance

Bajaj Allianz Life Guaranteed Wealth Goal empowers you with guaranteed¹ benefits whilst safeguarding your family’s future against unforeseen events.

Product Features

Wealth Creation

Wealth Creation Variant will help you in meeting your life goals such as wealth creation, funds for child’s education, financial legacy for the family etc.

• Pay your premiums for the chosen period and get a guaranteed lumpsum benefit at the end of the Policy Term.
• Customize your policy from following options –

• Maturity Benefit: Guaranteed Maturity Benefit (GMB) Plus Accrued Guaranteed Additions.

• Guaranteed Maturity Benefit (GMB) is equal to the GMB factor multiplied by the Total Premiums Paid till the end of Policy Term. The GMB factor varies basis age of the Life Assured, Premium Payment Term, Policy Term and Sum Assured Multiple chosen by the Policyholder at inception of the Policy.

• Guaranteed Additions (GA) will be added to the Policy at the end of each policy year, starting from the end of second policy year throughout the Policy Term, provided the Policy is in-force and all premiums have been paid. These Guaranteed Additions will be calculated as a percentage of Total Premiums Paid till the date of addition and will vary basis the Policy Term. The GA is available in the policy provided at least two full policy years’ premiums are paid.

• Death Benefit: In case of your unfortunate demise during the Policy Term, the nominee(s) shall receive Sum Assured on Death as a lumpsum benefit.

Sum Assured on Death is equal to Sum Assured (i.e. Annualized Premium X Sum Assured Multiple).

At no time the total Death Benefit will be less than Guaranteed Death Benefit of 105% of the Total Premiums Paid, up to the date of death or the Surrender Value available then, whichever is higher. The policy will terminate on payment of Death Benefit.

Assured Income

Assured Income Variant offers a unique life cover benefit wherein in case of your unfortunate demise of life assured, a guaranteed income stream is immediately initiated for the same income period as planned, along with a lumpsum benefit equal to total premiums payable, irrespective of the actual premium collected. Once the income benefit has been initiated on maturity, it will be payable regardless of the survival of the life assured.

• Pay your premiums for the chosen period
• Choose your Deferment Period to decide when your income commences
• Receive regular guaranteed payouts during the Income Period (after the Policy Term)
• You will receive all premiums paid at the end of the Income Period
• Customize your policy from following options –

Note: Deferment Period is the period between the end of the PPT and the end of PT (i.e. start of Income Period)

Maturity Benefit:

The Maturity Benefit shall be payable, as per the details given below over the chosen Income Period:

• Income Instalments shall be payable in arrears during the Income Period, as per chosen Income Instalment frequency.

  Income Instalment = Base Income Plus Accrued Income Boosters.

• Total Premiums Paid under the Policy will be returned as the ROP (Return of Premium) along with the last Income Instalment.

Base Income is equal to the Base Income% multiplied by the Total Premiums Paid.

Income Booster (IB) will accrue at the end of each policy year starting from the end of 2^nd policy year till the end of the Deferment Period, provided the Policy is in-force and all premiums have been paid. The IB is available in the policy provided at least two full policy years’ premiums are paid. The Income Booster(s) accrued till the end of the Deferment Period are paid to the Policyholder as a part of every Income Instalment.

The Income Booster applicable at the end of each policy year is calculated as a percentage of Total Premiums Paid till date.

The Base Income and Income Booster factor varies basis age band, Premium Payment Term, Deferment Period, Income Period and Sum Assured Multiple chosen by the Policyholder at inception of the Policy.

Once the Income Instalments have commenced, the Income Instalments and the ROP (at the end of the Income Period) will be paid irrespective of the life assured being alive or not. The Income Instalments will continue to be paid to the nominee even if death of the life assured occurs post completion of policy term (i.e. during the Income Period).

Death Benefit:

The Death Benefit (i.e. Sum Assured on Death) shall be payable, as per the details given below over the chosen Income Period (in instalments):

• Death Benefit Instalments (as a percentage of Annualized Premium) shall be payable annually during the Death Benefit Instalment Period (i.e. the chosen Income Period). The first Death Benefit Instalment will be due on the date of death of the life assured.
• The ROP (Return of Premium) on Death i.e. Total Premiums payable will be paid along with the last Death Benefit Instalment.

At the time of intimation of death, the nominee has the option to take the Death Benefit Instalments and ROP on Death as a lump sum using a discount rate of 8.25% p.a.  At no time the total Death Benefit will be less than Guaranteed Death Benefit of 105% of the Total Premiums Paid up to the date of death or the Surrender Value available then, whichever is higher. If there is any shortfall in the total of all Death Benefit Instalments & ROP on Death from the Guaranteed Death Benefit or Surrender Value, the same will be paid along with the ROP on Death.

Second Income

Second Income Variant will help you generate a second source of guaranteed income along with a lumpsum benefit equal to total premiums paid to meet your life goals like child’s education / marriage, retirement. The variant also offers life cover throughout the tenure of the policy (including income period) to safeguard your family’s financial future.

• Pay your premiums for the chosen period i.e. PPT
• Choose your Deferment Period to decide when your income commences
• Receive Guaranteed Income as a percentage of Annualized Premium during the Income Period (i.e. post completion of PPT Plus DP)
• You have an option to choose ROP (Return of Premium) benefit i.e. receive all premiums paid at the end of the Income Period
• Choose from multiple options-

Note: Deferment period is the number of years after the end of PPT and before the start of Income period

Survival Benefit:

Income Instalments are paid during the chosen income period (post the end of deferment period), as per chosen Income Instalment frequency. Each Income Instalment is equal to the Base Income Plus Accrued Income Boosters.

Base Income is equal to the Base Income% multiplied by the Total Premiums Paid.

Income Booster (IB) will accrue at the end of each policy year starting from the end of 2^nd policy year till the end of the Deferment Period, provided the Policy is in-force and all premiums have been paid. The IB is available in the policy provided at least two full policy years’ premiums are paid. The Income Booster(s) accrued till the end of the Deferment Period are paid to the Policyholder as a part of every Income Instalment.

The Income Booster applicable at the end of each policy year is calculated as a percentage of Total Premiums Paid till date.

The Base Income and Income Booster factor varies basis age band, Premium Payment term, deferment Period, Income Period and Sum Assured Multiple chosen by the Policyholder at inception of the Policy.

Maturity Benefit:

The maturity benefit (if selected with ROP option) is payable at the end of the Policy term along with the last Income Instalment and is equal to the Return of Premium (ROP i.e. Total Premiums Paid).

If ROP has not been chosen, no Maturity Benefit shall be payable.

Death Benefit:

In case of Your unfortunate demise during the Policy Term, nominee(s) shall receive the Sum Assured on Death e. Annualized Premium X Sum Assured Multiple (chosen by the Life Assured at inception of the Policy), as a lumpsum benefit.

At no time the total Death Benefit will be less than Guaranteed Death Benefit of 105% of the Total Premiums Paid up to the date of death or the Surrender Value available then, whichever is higher.

Advantages

• Get life insurance cover during the entire policy term for financial security of your family
• Flexibility to choose from three plan variants, as per your financial need
• All the benefits under the policy are guaranteed¹
• Tax Benefits⁴ as per applicable tax laws as amended from time to time

Disclaimer

Bajaj Allianz Life Insurance Company Limited.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Guaranteed  Wealth Goal are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life Guaranteed  Wealth Goal is a Non linked, Non Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us : [email protected] Bajaj Allianz Life Guaranteed  Wealth Goal (UIN: 116N200V02), 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 &ldqu

⁴Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

¹Conditions Apply -The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. Assured Income Plus (UIN: 109N127V15) is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. 

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

Aditya Birla Sun Life Insurance:

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.” 

This is a non-linked non-participating individual savings life insurance plan. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. This product shall also be available for sales through online channel. Tax benefits may be available as per prevailing tax laws. For more details and clarification call Your ABSLI Insurance Advisor or visit our website and see how we can help in making Your dreams come true. All policy benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You/you” or “Your/your” means the Policyholder. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. For more details on risk factor terms and conditions, please read sales brochure before concluding the sale. 

Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000 Website: https://lifeinsurance.adityabirlacapital.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN: 109N127V15    BJAZ-WP-ECNF-10830/24

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.

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