UNLOCK THE POWER

OF INCREASING INCOME

A Non linked, Participating, Individual Life

Insurance Savings Plan.

Increasing Income: Option that provides Early income: Option to receive income as
increasing income in arrears at 5% p.a. early as from the end of 1st month of your
(on compounding basis) every year Policy

Decide if you prefer a level income or an Deferred income: Option to defer income for
increasing income up to 5 years

Decide your policy term from a wide

range, i.e. 10 years to 100 years of age
TAX
Life Cover with Tax benefits^

Increasing Income Option:

• Income Benefit: You shall receive an income which comprises of a Guaranteed² Income and cash bonuses³, if declared. This income
is paid in arrears after the end of the Premium Payment Term and Deferment period and is payable till the end of policy term. These
incomes will be declared as a percentage of the Benefit Sum Assured. Benefit Sum Assured is guaranteed to increase at 5% p.a. (on
compounding basis) every year. The increased Benefit Sum Assured will be used for calculation of respective year’s Guaranteed
Incomes and Cash bonuses. Guaranteed Income shall be 2% of the Benefit Sum Assured.
• Deferment period: You will have an option to defer the start of your income by up to 5 years
• Maturity Benefit: On maturity of the Policy, you will receive:
Sum Assured on Maturity, i.e. 105% of total premiums⁴ paid, plus
Accumulated Income benefits, if any plus
Terminal bonus (if declared)
• Death Benefit: In case of death of the Life Assured during the policy term,
The death benefit will be paid as:
Sum Assured on Death, plus
105% of Accumulated Income benefits, if any plus
Terminal Bonus (if declared)
^Tax 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.
Early Income Option:
Ÿ Income Benefit: You are eligible to receive an income in the form of cash bonuses³ that may be declared by the Company every year.
You can opt to take this cash bonus monthly/ yearly which gives you an income starting from the end of 1st month/ 1st year after the
Deferment period of your Policy. In addition to the cash bonus that may be declared, you shall also receive a Guaranteed² Income. The
income benefit is payable for the entire policy term.
Ÿ Deferment period: You will have an option to defer the start of your income by up to 5 years
Ÿ Maturity Benefit: On maturity of the Policy, you will receive:
Ÿ Sum Assured on Maturity, i.e. 105% of Total premiums⁴ paid plus
Ÿ Accumulated Income benefits, if any earlier, plus
Ÿ Terminal bonus (if declared)
Ÿ Death Benefit: In case of death of the Life Assured during the policy term, the death benefit will be paid as:
Ÿ Sum Assured on Death plus
Ÿ 105% of Accumulated Income benefits, if any earlier plus
Ÿ Terminal Bonus (if declared)
Wealth Option:
Ÿ Maturity Benefit: On maturity, you will receive a lumpsum amount equal to:
Ÿ Maturity Sum Assured, i.e. Maturity Sum Assured Rate x Annualised Premium, plus
Ÿ Accrued Simple Reversionary Bonus (if declared), plus
Ÿ Terminal Bonus (if declared)
Ÿ Death Benefit: In case of death of the Life Assured during the policy term, the death benefit will be paid as:
Ÿ Sum Assured on Death, plus
Ÿ Accrued simple reversionary bonus (if declared), plus
Ÿ Terminal Bonus (if declared)
Note:
Ÿ Guaranteed⁴ Death Benefit is 105% of the Total Premium paid.
Ÿ Sum Assured is 11 times of Annualised Premium. Annualised Premium is exclusive of any extra premium, rider premium, GST & cess, if any.
Ÿ Total Premium is the sum total of all the premiums received and is exclusive of extra premium, rider premium and GST & cess, if any. Please note that Goods and Services Tax (GST) & cess (if any) will be collected over and above
the p remium under the policy.
Ÿ The Benefit Sum Assured will be used for the calculation of Guaranteed4 Income, Cash Bonus , Simple Reversionary Bonus and Terminal Bonus and will not paid on any event.
Ÿ Sum Assured on Maturity is equal to (i) 105% of the Total Premiums paid under Early Income and Increasing Income and (ii) Maturity Sum Assured under Wealth option.

Let us see how the Plan works with the combination of Increasing Income, Early Income & Wealth :
For 35 years old Male | Annual Premium `2 Lacs | Premium Payment Term 12 years | Policy Term: 50 years | Deferment Period: 0 years | Income Period: 38 years | Total Premium Paid : `24 lacsa |
Standard Life | Sum assured on death: `22 Lacs (at inception) | Goal Protection Benefit not opted

Increasing Income Increasing Income+ Early Increasing Income + Early

Benefits
+ Wealth Income Income + Wealth

Increasing Income: Increasing Income: 80%, Increasing Income: 35%, Early

Proportion Of Annual Premium
90%, Wealth 10% Early Income: 20% Income: 55%,Wealth: 10%

1st Income Guaranteed² Income `29,426 `7,335 `20,171

Payout5
Cash Bonus³ `88,277 `11,002 `30,256

Assumed Last Year Guaranteed² Income `1,78,950 `1,66,402 `89,763

investment Income5 Cash Bonus³ `5,36,851 `4,88,203 `2,39,031
return
@8%b Total Income⁵ (A) `1,19,61,967 `1,15,31,372 `71,22,797

Maturity Benefit (B) `1,03,01,740 `50,54,333 `99,14,619

Total Benefit till Maturity (A+B) `2,22,63,707 `1,65,85,705 `1,70,37,416

Guaranteed² Income `29,426 `7,335 `20,171

1st Income
Payout5 Cash Bonus³ `1,471 `1,834 `5,043

Assumed Last Year Guaranteed² Income `1,78,950 `1,66,402 `89,763

investment Income5 Cash Bonus³ `8,948 `9,787 `8,523
return
@4%b Total Income⁵ (A) `31,40,016 `32,40,408 `24,56,601

Maturity Benefit (B) `28,89,736 `26,96,189 `28,00,124

Total Benefit till Maturity (A+B) `60,29,752 `59,36,597 `52,56,725

Note:
Ÿ For above illustration, the Sum Assured on Death during 1st policy year will be Rs. 22,00,000. The Income payouts will be paid in arrears as per chosen payout frequency. The premium mentioned above are exclusive of any
extra premium loading and Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.
Ÿ The policy will terminate on payment of last Income benefit and Maturity benefit. The above illustration is assuming the Life Assured is alive till the end of the policy term.
Ÿ For Increasing Income + Early Income option the first payout will start from end of 1st policy year (no deferment chosen).
Ÿ For Increasing Income + Wealth option the first payout will start after the end of premium payment term (no deferment chosen). For Increasing Income + Early Income + Wealth option the first payout will start from end of 1st
policy year (no deferment chosen).
a
Additional 2% discount available on 1st year premium
Additional 2.5% discount available on 1st year premium if all three variants are opted
b
The assumed rate of 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.
²Conditions Apply - The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors.
³Bonuses are not guaranteed and it depends on the Company's Performance.
⁵Income Payout are inclusive of Guaranteed Income and Cash Bonus, if declared.
Increasing income in arrears at 5 % p.a. (on compounding basis) and comprises of a Guaranteed Income and Cash Bonuses, if declared. The incomes will be declared as a percentage of the Benefit Sum Assured.
Goal Protection Benefit (GPB):
By opting for this benefit, you can ensure that your savings goal will remain intact even if you are not around. Thus, providing your family
a financial protection net by continuing the benefit payouts to them as you have planned.

How the plan works if you have opted for Goal Protection Benefit:

On Death of the Life Assured during the Premium payment Term:

• The Sum Assured on Death plus 5% of accumulated income benefit, if any shall be paid immediately
• The policy will be continued, and no future premiums will be collected, and
• Your nominee will receive the Income benefits, if any, and maturity benefit as and when due till maturity
• Simple Reversionary Bonus, if any, will continue to accrue in the policy
• The accumulated Income benefits, if any, will remain accumulated in the policy Maturity Benefit
Sum Assured
on Death
CB
GI

Premiums Guaranteed2 Cash Bonus3

waived off Income (GI) (CB)
Premium payment Term
Policy Term
The policy will terminate on payment of last Income benefit and Maturity benefit.

On Death of the Life Assured after the Premium payment Term:

• The Sum Assured on Death plus 5% of accumulated income benefit, if any shall be paid immediately
• Your nominee will receive the Income benefits and maturity benefit as and when due till maturity
• Simple Reversionary bonus, if any, will continue to accrue in the policy
• The accumulated Income benefits, if any, will remain accumulated in the policy
Maturity Benefit
Sum Assured
on Death
CB
GI

Guaranteed2 Cash Bonus3

Income (GI) (CB)
Premium payment Term
Policy Term
The policy will terminate on payment of last Income benefit and Maturity benefit.
Note : The product is also available without goal protection benefit

Eligibility Conditions
Min/ Max. Min/ Max.
Premium Payment Deferment Period
Plan Benefits Policy Term (PT)
Term (PPT) (DP) Age at Entry Age at Maturity

Limited Term: 10
to 45 years
Early Income IP = PT minus DP Whole Life: Upto
Age 85 or 100
0 to 5 years
Limited Term: 10, Limited Term: 15 With GPB: With GPB:
15, 20, 25, 30, to 45 years 18 to 55 years Upto Age 85 years
Increasing Income 5, 6, 7, 8, Whole Life: till Age Whole Life: Upto
9, 10, 12 85, till Age 100 Age 85 or 100 Without GPB: Without GPB:
0 to 60 years Upto age 100
years
Limited Term:
10 to 45 years
Wealth NA NA Whole Life:
Upto Age 85 or
100
All ages mentioned above are age as on last birthday.
Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier
of attainment of age 18 years age or maturity date.
For female lives, 2% markup will be available on Benefit Sum Assured.
Income Period will commence after the end of Deferment Period.
Minimum premium: Rs. 30,000 p.a.
Maximum premium: No limit (subject to Board approved underwriting policy)
Benefit Sum Assured (BSA) is derived basis Age, Product option, GPB, DP, PT, PPT, Income period and premium chosen by the Policyholder
Benefits will vary depending upon options chosen
Prohibition of Rebate: Section 41 of the Insurance Act, 1938:
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 accordance with the published prospectuses or tables of the insurer. Any person making
default in complying with the provision of this section shall be liable for a penalty that may extend up to ten lakh rupees.

Fraud & Misstatement: Section 45 of the Insurance Act, 1938:

Fraud & Misstatement would be dealt with in accordance with provisions of Sec 45 of the Insurance Act 1938 as amended from time to
time.

Bajaj Allianz Life Insurance Co. Ltd.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life ACE are the names of the company and the product BEWARE OF SPURIOUS PHONE CALLS AND
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 FICTITIOUS / FRAUDULENT OFFERS - IRDAI is
please read sales brochure & policy document (available on [Link]) carefully before concluding a sale. Bajaj Allianz Life ACE - A Non linked, not involved in activities like selling insurance
Participating, Individual Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, IRDAI Reg. No.: 116, policies, announcing bonus or investment of
CIN : U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us : customercare@[Link]. Bajaj Allianz Life ACE (UIN:116N186V01). premiums. Public receiving such phone calls
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 are requested to lodge a police complaint.
“Allianz” logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

Bandhan Bank Ltd. is a Corporate Agent for Bajaj Allianz Life Insurance Company Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration
number CA0530. The purchase of an insurance plan by the customer is purely on voluntary basis and is not linked to availment of any other facility from the bank.

BJAZ-OP-ADPTEC-05042/23