Bajaj Allianz Life Ace (116N186V01)
Features
- Flexibility to choose regular income or lump sum or both
- Choice of Income:
- Option to receive income from the end of first month or after a fixed period.
- Option to choose income for a limited term or up to 100 years of age
- Option to choose a level income or an increasing income
- Protection 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 prevailing tax laws
Eligibility Criteria
|
Plan Benefits |
Premium Payment Term (PPT) |
Income Period (IP) |
Deferment Period (DP) |
Policy Term (PT) |
Min/ Max. |
Min/ Max. |
|
Age at Entry |
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: Upto Age 85 or 100 |
With GPB: 18 to 55 years Without GPB: 0 to 60 years |
With GPB: Upto Age 85 years Without GPB: Upto age 100 years |
|
Increasing Income |
Limited Term: 10, 15, 20, 25, 30, Whole Life: till Age 85, till Age 100 |
Limited Term: 15 to 45 years Whole Life: Upto Age 85 or 100 |
||||
|
Wealth |
NA |
NA |
Limited Term: 10 to 45 years 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: `30,000 p.a.
- Maximum premium: No limit (subject to Board approved underwriting policy)
- Minimum & maximum Sum Assured: 11 times of Annualised premium
- 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
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Disclaimer
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of contract and provides in details 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.”