Bajaj Allianz Life ACE (116N186V03)
Features
- Flexibility: Decide if you want an income or lump sum or both
- Choice of Income: Choose to receive income from first month or after a fixed period based on your need, decide if you prefer a level income or an increasing income, choose if you want income for a limited term or up to 100 years of age.
- Protection: Protect your loved ones with a life cover throughout the policy term, up to 100 years.
- Premium payment term: Choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years.
- Tax benefits: On premiums paid and benefits received as per the prevailing tax laws.
The plan offers four product options:
- Deferred Income: An option that provides you income starting after the Premium Payment Term and Deferment period. The income will be a mix of guaranteed income and cash bonus, (if declared).
- Early Income: An option that provides you income from the 1 policy month/ year after deferment period by way of cash bonuses (if declared) and guaranteed income (GI).
- Increasing Income: An option that provides an increasing income starting after the Premium Payment Term and Deferment period. The income will be a mix of guaranteed and cash bonus, (if declared).
- Wealth: An option that provides you a lump sum at the end of the policy term.
Eligibility Criteria
|
Plan Benefits |
Premium Payment Term (PPT) |
Income Period (IP) |
Deferment Period (DP) |
Policy Term (PT) |
Min/ Max. Age at Entry |
Min/ Max. Age at Maturity |
|
Early Income |
5, 6, 7, 8, 9, 10, 12 |
IP = PT minus DP |
0 to 5 years |
Limited Term: 10 to 45 years Whole Life: Up to Age 85 or 100 |
With GPB: 18 to 55 years Without GPB: 0 to 60 years |
With GPB: Up to Age 85 years Without GPB: Up to age 100 years |
|
Deferred Income |
Limited Term: 10, 15, 20, 25, 30, Whole Life: till Age 85, till Age 100 |
Limited Term: 15-to-45-year Whole Life: Up to Age 85 or 100 |
||||
|
Increasing Income |
Limited Term: 15-to-45-year Whole Life: Up to Age 85 or 100 |
|||||
|
Wealth |
NA |
NA |
Limited Term: 10 to 45 years Whole Life: Up to Age 85 or 100 |
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Disclaimer
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of the contract and provides in detail all the conditions &exclusions related to Bajaj Allianz Life ACE.
“The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”