Bajaj Allianz Life Assured Wealth Goal Platinum–Smart Income

At a Glance

Bajaj Allianz Life Assured Wealth Goal Platinum offers the assurance of guaranteed¹ liquidity along with life cover to protect your loved ones in case of any uncertainties and also plan for various life goals to meet your immediate as well as future needs.

Product Features

Smart Income 

• Pay your premiums for the chosen period.
• Receive Early Guaranteed¹ Payouts starting as early as from the beginning of 2nd policy year for the policy term.
• You will have an option to choose your Early Guaranteed¹ Payouts start year.
• Regular Guaranteed¹ Payouts are paid at the beginning of policy year during the Income Period. Income period starts after the policy term.
• These Guaranteed¹ Payouts will be a percentage of Annualised Premium².
• You will also receive Enhanced Return of premium³ (ROP) as 110% of Total premiums* paid at the end of the Income Period.

Maturity Benefit: On maturity, the Regular Guaranteed¹

Payouts expressed as a percentage of Annualized Premium² will be paid over the chosen Income Period. Additionally, get Enhanced ROP³ the end of the Income Period. At any time, the policyholder will have an option to take these Regular Guaranteed¹ Payouts and the Enhanced ROP³ as a lumpsum at a discounted rate.

The Regular Guaranteed¹ Payouts will continue to the nominee even if the life assured dies during the Income Period.

The nominee will also have an option to receive the remaining Regular Guaranteed¹ Payouts plus the Enhanced ROP³ as a lumpsum. The lumpsum amount shall be the present value of all outstanding future payouts at a discounted rate.

Note - The interest rate to arrive at present value will be benchmarked to the G-Sec based on the information from Financial Benchmark India Private Ltd (FBIL). For Income Periods 15 and below, the interest rate applicable for calculating shall be [10-year G-sec + 1%] p.a. rounded-up to the higher full interest rate. For Income Periods 20 & above, the interest rate applicable for calculating shall be [30-year G-sec + 1%] p.a. rounded-up to the higher full interest rate.

The interest rate will be reviewed on an annual basis. Any change in bases used for determination of applicable interest rate will be subject to prior approval of IRDAI 

Death Benefit: You will have life cover during the Policy Term. On Death the Sum Assured on Death plus AGP, if any shall be

payable to the nominee as a lumpsum. At no time, the death benefit minus AGP, if any will be less than 105% of Total Premiums* paid as on date of death, or the prevailing surrender value.

• Sum assured on death will be higher of 10 times of Annualised Premium² or Sum Assured
• The Sum assured will be SA multiple X Annualised Premium²
• Annualized Premium² shall be the premium amount payable in a year by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any
• Total Premiums* Paid (the sum of all premiums under the policy) is total of all the premiums received, excluding any extra premium, any rider premium and taxes
• Maturity Benefit is the series of Regular Guaranteed¹ Payouts & Enhanced ROP³

Advantages

• Security: Life Cover to protect your family
• Liquidity: Income begins as early as from start of 2nd policy year
• Guarantee1: All benefits in the policy are guaranteed1
• Tax benefits4: Avail tax benefits4 as per prevailing tax laws

¹Conditions Apply -The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

*Total Premium (the sum of all premiums paid under the policy; even refers to the Single Premium) is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws.

²Annualized Premium shall be the premium amount payable in a year by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

³Enhanced ROP will be paid at the end of the year. The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws. 

⁴Tax 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.

Disclaimer:

BEWARE OF SPURIOUS 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.

Bajaj Allianz Life Insurance Company Limited.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Assured Wealth Goal Platinum are the names of the company and the product 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 please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life Assured Wealth Goal Platinum is a Non linked, Non Participating, Individual, Life Insurance Savings Plan. 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] Bajaj Allianz Life Assured Wealth Goal Platinum (UIN: 116N188V02), 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. All charges/ taxes, as applicable, will be borne by the Policyholder.

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 web site 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.

DBS Bank India Limited does not underwrite the risk or act as an insurer. The Insurance products are offered and underwritten by respective insurance companies. 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. Customers are advised to take independent professional advice before participating. Insurance is a subject matter of solicitation.

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. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.

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 1860 267 1234 / 1800 209 4555 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

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