Bajaj Allianz Life Smart Wealth Goal V

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

At a Glance

Get high life cover with market linked returns

Life is about making smart choices, so are savings. Especially when these choices are about your Life Goals. Presenting Bajaj Allianz Life Smart Wealth Goal V, an insurance plan loaded with smart features like Life cover, Return of Life Cover charge, Return of Allocation charge and multiple investment strategies to make the most of your savings.

Product Variants

Bajaj Allianz Life Smart Wealth Goal V is a non-participating, life, individual, Unit-Linked single¹ & limited/regular premium payment plan. You can opt for any one of the three variants mentioned below. The chosen variant cannot be changed during the term of the policy.

• Wealth
• Child Wealth
• Joint Life Wealth

For details of “Wealth”, “Child Wealth” variant and “Joint Life Wealth” variant, please refer to the respective Sales Literatures

¹available only for Wealth (Single premium) and Joint Life Wealth variant

Advantages

Child Wealth Variant

• Life cover² payable in case of earlier occurrence of Death or Accidental Total Permanent Disability (ATPD)
• All future prevailing premiums will be waived in case of earlier occurrence of Death or Accidental Total Permanent Disability
• Income Benefit paid each year till end of policy term in case of earlier occurrence of Death or Accidental Total Permanent Disability
• Systematic Partial Withdrawal
• Loyalty Benefits³
  • Return of Premium Allocation Charge (ROAC)
  • Fund Boosters
• Return of Mortality Charges⁴ at maturity (ROMC)
• Return of Income Benefit Charge (ROIBC)
• Return of Morbidity Charge (ROMBC)
• Return of Waiver of Premium Charge (ROWC)
• Option to receive Maturity Benefit in instalments with Return Enhancer
• Choice of five (5) investment portfolio strategies
• Multiple funds to choose from
• Option to reduce the Premium
• Option to change Premium paying term
• Tax benefit^ may be as per prevalent tax laws

²We expect that most of the policyholders will be purchasing the policy for their children. However, the policyholder can also purchase the policy for the benefit of others, subject to insurability interest being satisfied.

Joint Life Wealth Variant

• Joint Life Cover
• Single Premium Payment
• Loyalty Benefits³
• Return of Allocation Charge (ROAC)
• Fund Boosters
• Return of Mortality Charge⁴ (ROMC)
• Option to receive Maturity Benefit or Death Benefit in instalments with Return Enhancer
• Choice of five (5) investment portfolio strategies
• Multiple funds to choose from
• Tax benefit^ may be as per prevalent tax laws

Wealth Variants

• Loyalty Benefits³
• Return of Allocation Charge (ROAC)
• Fund Boosters
• Return of Mortality Charge⁴ (ROMC)
• Option to receive Maturity Benefit or Death Benefit in installments with Return Enhancer
• Choice of five (5) investment portfolio strategies
• Multiple funds to choose from
• Option to reduce the Premium
• Option to change Premium paying term
• Tax benefit^ may be as per prevalent tax laws

Disclaimers

³Loyalty benefits are subject to policy terms and conditions

⁴Return of Mortality charges will be payable provided all due Regular Premiums/Single Premium under the Policy have been paid up to date

^Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) 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

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 surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Bajaj Allianz Life Insurance Company Limited.   

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Co. Ltd. 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]. 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. 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. All charges/ taxes, as applicable, will be borne by the Policyholder.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Smart Wealth Goal V is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

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 Bajaj Allianz Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Bajaj Allianz 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.

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