Bajaj Allianz Life Future
Wealth Gain II

At a Glance

Bajaj Allianz Life Future Wealth Gain II is a Unit Linked Non-Participating, Individual Life Savings Insurance Plan

Many Life Goals. One simple way to help achieve them!

Bajaj Allianz Life Future Wealth Gain II, provides the cushion of security and growth to meet future financial goals and also gives you the benefit of market upsides for staying invested even during periods of uncertainty and ultimately ensure that your family achieves all the financial goals you have planned for them.

Wealth Plus Variant

Maturity Benefit:

On the maturity date, you will receive the Fund Value^.

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, higher of:

1. Higher of (Prevailing Sum assured4 or Regular Premium Fund Value1) Plus
2. Higher of (Top up Sum Assured or Top up Premium Fund Value2)

The death benefit is subject to the Guaranteed Death Benefit% of 105% of the total premiums3 paid, till the date of death.

If the rider Waiver of Premium (WOP) has been taken under the policy and the WOP benefit has already been triggered under the policy, then, on termination of policy the present value of future WOP installments, discounted at 4% p.a., shall be payable.

The policy will terminate on the date of intimation of death of the life assured. All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office.

^%Sum Assured/Guaranteed Death Benefit shall be reduced to the extent of the partial withdrawals made from the regular premium fund during the two (2) year period immediately preceding the death of the life assured.

^Fund Value is equal to Regular Premium Fund Value (1) plus Top Up Premium Fund Value (2), where:

¹Regular Premium Fund Value is equal to the total Units in respect of regular/limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and 

²Top Up Premium Fund Value is equal to the total Units in respect of Top-Up premium under this policy multiplied by the respective unit price on the relevant valuation date.

³Total premiums paid shall be sum of all regular/limited and Top-Up premiums paid till date.

⁴Prevailing Sum Assured is Sum Assured in any year after reduction of premium or decrease of Sum Assured, if any.

Wealth Plus Care Variant

Maturity Benefit:

On the maturity date, you will receive the Fund Value^{^}.

Death Benefit:

If all due premiums are paid, then in case of unfortunate death or on first diagnosis⁵ of cancer (subject to waiting period**) of the life assured during the policy term and premium paying term, whichever is earlier, the benefit payable will be, higher of:

1. Higher of (Prevailing Sum assured or Regular Premium Fund Value) Plus
2. Higher of (Top up Sum Assured or Top up Premium Fund Value)

Income Benefit:

If the death or the first diagnosis of cancer (subject to waiting period^**) occurs during the premium payment term, then, an additional benefit as Income Benefit will be payable.

1. The Income Benefit is equal to the total of all the prevailing regular premiums due under the policy after the date of death or diagnosis of cancer, as applicable.
2. Each installment of the Income Benefit is equal to one prevailing regular premium.
3. In case of death/first diagnosis of cancer, it is payable to the nominee/policyholder at each premium due date for the remaining period of the premium payment term. The Income benefit cannot be taken as a lump-sum.
4. The first installment is payable on the first premium due date after the date of death or diagnosis of cancer, as applicable.
5. Mortality and Morbidity charges will be deducted for this benefit, till the incidence of death or the first diagnosis of cancer (whichever is earlier)
6. Income Benefit will be payable if the policy is in force, excluding paid-ups

Note- On the date of intimation of death or on the first diagnosis of cancer, during PPT, the death benefit shall be paid and no future premiums are payable. The policy will terminate on payment of the last installment of income benefit.

If all due premiums are paid, then in case of unfortunate death or on first diagnosis of cancer (subject to waiting period**) of the life assured during the policy term and after completion of premium paying term, whichever is earlier, the benefit payable will be, higher of:

1. Higher of (Prevailing Sum assured or Regular Premium Fund Value) Plus
2. Higher of (Top up Sum Assured or Top up Premium Fund Value)

The death benefit or the accelerated cancer benefit is subject to the Guaranteed Death Benefit of 105% of the total premiums paid, till the date of death or first diagnosis of cancer.

All the above is paid as on date of receipt of intimation at the Insurance Company’s office.

⁵First Diagnosis means the diagnosis of the first Cancer in the lifetime of the life assured. The policy will be only issued to life assured who have not had any cancer prior to the date of policy inception.

**The Waiting Period is 180 days from the Date of Commencement of Risk or date of latest revival, whichever is later. No Cancer-related benefit will be payable, if Cancer claim occurs within the waiting period or any signs or symptoms related to cancer has occurred during the waiting period

Advantages

• High life insurance cover
• Benefit of Accelerated Cancer Cover combined with Income Benefit (applicable only under “Wealth Plus Care” variant)⁷
• Choice of 2 investment portfolio strategies
• Loyalty Additions⁸ at each interval of 5 years from the 10^th policy year onwards
• Fund Booster⁸ to enhance Fund Value at maturity
• Option to take death & maturity benefit in installments (Settlement Option)
• Option to choose from multiple policy terms
• Option to reduce regular premium

⁷Two Variants are “Wealth plus variant” & “Wealth Plus Care variant”

⁸Loyalty additions & Fund Booster are subject to policy terms and conditions.

Disclaimer:

BEWARE OF SPURIOUS FRAUD 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.

¹Note - If Whole Life is opted for, then ROP is not available Critical Illness Benefit, Return of Premium option & Whole of Life option can be chosen/opted at inception only and cannot be changed subsequently

Disclaimer:

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.

The contents and product information of this website 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

Bajaj Allianz Life Insurance Co. Ltd.

Risk Factors and Warning Statements: 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 Future Wealth Gain II is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L178V01) 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.

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.

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