BajajAllianzLifeiGainII

8/9/2019 BajajAllianzLifeiGainII

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KeyBenefits

Investment Options

Tax Benefits

Charges

Added Benefits

Life

Individual

Systematic investments and high allocations are

always a good foundation for strong insurance plan.When coupled with ease of buying online andsimpler to understand the terms and conditions youcan invest your money in a much smarter way.

Introducing Bajaj Allianz iGain II, a complete onlinelife insurance plan that gives you complete freedomto buy directly from us. Buying online is not onlysimple and fast, with iGain II but it also offers you ahigh allocation, which will make sure that this unit-linked life insurance plan offers you great potential

for high returns.

Bajaj Allianz iGain II

Risks

In this policy, the investment risk in investmentportfolio is borne by the policyholder


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! Buy online and get high allocation from the start of the policy.

! More than 100% allocation after first 10 years of our association

! Choice of 2 investment portfolio strategies to manage your investments better. Including the Wheel of Lifeportfolio strategy, which will help you to balance and safeguard your investment.

! Freedom of unlimited free switches under Investor selectable portfolio strategy for optimal managementof your funds.

! Flexibility to increase or decrease your regular premium to suit your changing needs.

! Flexibility to pay unlimited top-up premium, an additional lump sum which gives a boost to your

investment portfolio.! Flexibility of withdraw money from your funds as and when required.

! Flexibility to add additional rider benefits: UL Accidental Death Benefit and UL Accidental PermanentTotal/Partial Disability Benefit

iGain II is a simple to understand unit-linked life insurance plan. Premiums, net of premium allocation charge,if any, is invested in fund(s) and units are allocated on the prevailing unit price of the fund(s). The mortality

charge, policy administration charge and rider premium charges (if any) are deducted monthly throughcancellation of units. Fund Management Charge is adjusted in the unit price.

How does iGain II work

KeyBenefits of iGain II


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A) Investor selectable Portfolio Strategy:

EquityGrowthFund II

Accelerator

Mid-Cap

Fund II

Pure

Stock

Fund

Asset

Allocation

Fund

Equity Index

Fund II

Bond Fund

Liquid Fund

Investment ObjectiveFunds

Bajaj Allianz iGain II provides you with two unique portfolio strategies, which can be chosen at the inception ofthe Policy or on subsequent policy anniversary:

! Investor Selectable Portfolio Strategy

! Wheel Of Life Portfolio Strategy

If you want to allocate your premiums based on your personal choice and decision, you can opt for thisstrategy. You have a choice of seven (7) investment funds to make your investment decision:

To provide capital appreciation through investmentin selected equity stocks that have the potential forcapital appreciation.

To achieve capital appreciation by investing in adiversified basket of mid cap stocks and large capstocks. Minimum 50% of Equity Investments would be

in Mid Cap stocks

Capital appreciation through investment in equitiesbut to specifically exclude companies dealing inGambling, Contests, Liquor, Entertainment (Films, TVetc.), Hotels, Banks and Financial Institutions.

To realize a level of total income, including currentincome and capital appreciation, which is consistentwith reasonable investment risk. The investmentstrategy will involve a flexible policy for allocatingassets among equities, bonds and cash. The fundstrategy will be to adjust the mix between these assetclasses to capitalize on the changing financial marketsand economic conditions. The fund will adjust itsweights in equity, debt and cash depending on therelative attractiveness of each asset class

Capital appreciation through investment in equities

forming part of NSE NIFTY

Provides accumulation of income through investmentin high quality fixed income securities.

Protection of the invested capital through investmentsin liquid money market and short-term instruments.

0% - 40%

Asset ClassBank

Deposits &MoneyMarket*

Equities* G Secs,BondsFixed

Deposits*

RiskProfile

60% - 100% - Very High

0% - 40%

0% - 40%

0% - 100%

60% - 100%

60% - 100%

0% - 100%

-

-

0% - 100%

Very High

Very High

High

0% - 40% 60% - 100% - High

0% - 100% - 0% - 100% Moderate

0% - 100% - - Low

Premium Apportionment :You can choose to invest fully in any one fund or allocate your premiums into thevarious funds in a proportion that suits your investment needs. The proportion of allocated premium to anyfund must be at least 5%. At any policy anniversary, you also have the flexibility to change the proportion offuture premiums to the funds.

What are my Investment Options and Funds?

* The exposure to money market securities may be increased to 100%, keeping in view market conditions, market opportunities, and political, economic and other

factors, depending on the perception of the Investment Manager. All changes in the asset allocation will be with the intention of protecting the interests of thepolicyholders.


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B) Wheel of Life Portfolio Strategy:

The features of our newly introduced Wheel of Life Portfolio Strategy are as given below :

! We provide you with a Years to maturity based portfolio management.

!At the commencement of the Policy or any subsequent Policy Anniversary you can opt for this strategy.

!As per the table given below, your premiums (regular premium and any top up premium that you pay)would be allocated in to the below mentioned funds, depending on the number of years outstanding tomaturity.

! On each policy anniversary, we will reallocate your fund value among various funds in the proportion basedon your outstanding years to maturity.

! This will ensure that a balance is maintained between years to maturity and level of risk to your

investments to optimize the returns.! The premium and fund value allocation/reallocation will be as follows:

Years to

Maturity

Proportion in following three Funds (%)

Equity

Index

Fund II

Equity

Growth

Fund II

Accelerator

Mid-Cap

Fund II

Total

Bond

Fund

Liquid

Fund

20 & above 20 50 30 100 0 0

19 30 50 20 100 0 0

18 30 50 20 100 0 017 30 50 20 100 0 0

16 30 50 20 100 0 0

15 40 40 15 95 5 0

14 40 40 10 90 10 0

13 40 40 5 85 15 0

12 40 40 0 80 20 0

11 40 35 0 75 25 0

10 40 30 0 70 30 0

9 40 25 0 65 35 0

8 40 20 0 60 40 0

7 40 15 0 55 45 0

6 40 10 0 50 50 0

5 40 0 0 40 55 5

4 30 0 0 30 60 10

3 20 0 0 20 65 15

2 10 0 0 10 70 20

1 0 0 0 0 80 20

! The policyholder will not have the option to switch units or change the apportionment of premium tovarious funds under this Portfolio Strategy.

! The Policyholder can switch out of this Portfolio Strategy at any Policy Anniversary by giving a 30-dayadvance written notice to the Company.


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Sample Illustration*

Definitions

Fund value : The fund value is equal to the number of units under this policy multiplied by the respective unitprice on the relevant valuation date.

Regular premium fund value : is equal to the number of units pertaining to regular premium under thispolicy multiplied by the respective unit price on the relevant valuation date.

Top up premium fund value : is equal to the number of units pertaining to top up premium under this policymultiplied by the respective unit price on the relevant valuation date.

Unit Price : The unit price of each fund is arrived at by dividing the Net Asset Value (NAV) of the fund by thenumber of units existing in the fund at the valuation date.

25 35 10 15,000 75,000 183,444 229,638

35 50 15 25,000 125,000 524,626 739,307

40 60 20 200,000 1,000,000 6,818,702 10,869,457

AgeMaturityAge

PolicyTerm

PremiumPer Annum

SumAssured

Fund Value atmaturity@6%

Fund Value atmaturity@10%

*This is an indicative projection on basis of prescribed growth rate by the regulator. The above projection is based on 100% investment in 'Bond Fund' for male healthylives after applicable service tax


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Flexibilities

This plan provides you with the following flexibilities to suit your changing requirements.

Switching Option

If you have chosen Investor selectable portfolio strategy, you have the flexibility to switch units between yourinvestment funds according to your risk appetite and investment decisions.

! The minimum switching amount is Rs. 5000 or the value of units in the fund to be switched from, whicheveris lower

!You can make unlimited free switches

! No switching is allowed under lapsed policy.

Option to make lump sum investment

!You can make lump sum investments by paying unlimited top up premiums to increase your investment inthe policy, provided all due regular premiums are paid. The minimum top up premium is Rs. 1,000.

! The amount of top up premium paid would determine the top up sum assured. At the time of making anypayment of top up premium, you may propose to have a top up sum assured which will be equal to 1.25times of the top up premium paid.

!You may also choose to have no risk cover for the top up premium paid in which case the top up sum assuredwill be equivalent to the amount of top up premium paid, provided the total amount of top up premiumspaid or proposed to be paid does not exceed 25% of the regular premium paid till date.

! If, at any time, the total amount of top up premiums paid or proposed to be paid exceeds25%of the regularpremium paid till date, the top up sum assured will be 1.25 times of the portion of top up premiumexceeding25%of the regular premium paid till date.

! We may ask you to undergo any medical examination to verify your health as per our underwritingguidelines

Option to increase or decrease the regular premiums

Depending upon changed investment scenario, you can increase or decrease your premium amount at anypolicy anniversary provided all due regular premiums have been paid.

!An increase in annualized premium will not result in any increase in sum assured. Any increase in

annualized premium shall be restricted to the amount such that the sum assured is at least equal to fivetimes of the revised annualized premium. In case the sum assured is already equal to five times of theannualized premium, no increase in annualized premium shall be allowed.

! The annualized premium can be reduced up to the minimum premium for this plan. If the reduction iswithin the first three policy years, the regular premium cannot fall below 75% of the regular premium atinception. A decrease in annualized premium will automatically result in a proportionate decrease in thesum assured, provided always the relationship between the annualized premium and the sum assured as atthe time of taking the policy is maintained. The death benefit will be based on revised sum assured.

Partial Withdrawal Option

You have the option to withdraw your money anytime after three years, provided three full years regular

premium have been paid and:! The minimum amount of withdrawal is Rs. 5,000 and minimum regular premium fund value that needs tobe maintained after each withdrawal is three annualized premiums

!All partial withdrawals will be first made from eligible top up premium units, if any. Once the eligible top uppremium units are exhausted, further partial withdrawals will be made from regular premiums units.


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! For the purpose of partial withdrawals, each payment of top up premium shall have a lock-in period of threeyears, unless the payment of top up premium is made in the last 3 policy years.

! In case of minor life, partial withdrawal is allowed after attaining age 18 years.

Settlement Option

Plan your maturity payout which suits you best by exercising the settlement option with us. This facilitatesyou to receive your maturity proceeds in equal installments (payable yearly, half-yearly, quarterly, or monthly,at your option) spread over a maximum period of 5 years.

! The amount paid out in each installment will be the outstanding fund value as at that installment datedivided by the number of outstanding installments

! No risk cover or additional rider benefit cover will be available during the settlement period. The companyhowever will deduct all the charges (except mortality charges&anyriderpremiumcharges).

! No partial withdrawals or switches are allowed during the settlement period.!You have an option to withdraw the fund value completely, anytime during the period of settlement option.

Important Details of the Plan

Parameter Details

Minimum Entry Age 0 years (risk commences from age 7 years)(18 years in case of Additional Rider Benefits)

Maximum Entry Age 60 years (50 years in case of Additional Rider Benefits)Minimum Age at Maturity 18 years

Maximum Age at Maturity 70 years(Additional Rider Benefits cover ceasing Age 65 years)

Policy Terms available 10, 15, 20, 25 and 30 years

Minimum Regular Premium Rs. 8,000 per yearly installmentRs. 4,000 per half- yearly installmentRs. 2,500 per quarterly installment

Rs. 800 per monthly installmentMaximum Regular premium No Limit

Minimum Top Up Premium Rs. 1,000

Maximum Top Up Premium No Limit

Minimum Sum Assured 5 times Annualized Premium

Maximum Sum Assured Policy Term times Annualized Premium


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What happens if I am unable to pay my premiums?

If you are unable to pay premium within the grace period in the first three policy years, the policy shallimmediately lapse for the insurance cover including the cover under all riders and :

! If we have not received any written request from you to surrender the policy, the policy shall continue toparticipate in the investment performance of the underlying funds, subject to deduction of all chargesexcept mortality charge and rider premium charge, if any. You may revive the policy within a revival periodof two years from the due date of first unpaid regular premium and recovery of any due but unrecoveredcharges except mortality charge and rider premium charge, if any, since due date of first unpaid regularpremium, failing which the policy shall be terminated and the surrender value shall be paid at the end of thethird policy year or at the expiry of the revival period, whichever is later.

! If we have received a written request from you to surrender the policy, we will en cash all your units at theunit price prevailing as on date of receipt of written surrender request and such en cashed value shall bepayable as surrender value at the end of third policy year or as on date of intimation of surrender whicheveris later.

If you have paid regular premiums for at least first three consecutive years and subsequent premiums are unpaid by you:

!You can revive the policy within two years from the date of first unpaid regular premium. During this limitedperiod of revival, the policy shall continue for full insurance cover, levying all appropriate charges bycancellation of units at the prevailing unit price till the regular premium fund value less surrender charge, ifany, does not fall to an amount equivalent to one annualized premium (NAV) across all the funds.

!At the end of revival period, if the contract is not revived, then you can opt to continue the policy includinginsurance cover, subject to deduction of all charges till the regular premium fund value less surrendercharge, if any, does not fall to an amount equivalent to one annualized premium (NAV) across all the funds.

! When the regular premium fund value less surrender charge, if any, falls to an amount equivalent to oneannualized premium or you do not opt to continue the policy after the revival period, the contract shall beterminated by paying the surrender value as on date of termination.

Revival of the Policy

You can revive the policy within 2 years from the due date of first unpaid premium. You have to give a writtenapplication to the company to revive the policy along with payment of all due unpaid regular premiums. Therevival will be effected subject to underwriting, if required by us.

Free Look Period

Within 15 days from the date of receipt of the policy, you have the option to review the terms and conditionsand return the policy, if you disagree to any of the terms & conditions, stating the reasons for your objections.You will be entitled to a refund of the premium paid, subject only to a deduction of a proportionate risk

premium for the period on cover and the expenses incurred on medical examination and stamp duty charges.The refund paid to you will also be reduced or increased (as applicable) by the amount of any reduction orincrease in the fund value, if any, due to a fall or rise in the unit price between the date of allocation andredemption of units (without reference to any premium allocation rate or charges).


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Days of Grace

A grace period of 30 days for the yearly, half yearly and quarterly modes and of 15 days for the monthly modeis allowed under the policy.

Tax BenefitsPremiums paid and benefits received will be eligible for tax benefits as per applicable tax laws.

As per applicable tax laws :

! Premiums payable are eligible for tax benefits as per Section 80 C of the Income Tax Act.

! Partial Withdrawals, Surrender Value, Death Benefit and Maturity Benefit are eligible for tax benefits as perSection10(10D)of the Income Tax Act

Termination Conditions

This Policy shall automatically terminate on the earlier occurrence of either of the following events:

! The units in the policy are fully surrendered;

! The fund value in respect of regular premium less surrender charge, if any, falls to an amount equivalent toone annual premium provided regular premiums have been paid for 3 full years;

! Upon death of the life assured;! Upon fund value becoming inadequate to support the deduction of applicable charges

! Upon maturity, unless you have opted for the settlement option or,

! The expiry of the period for the settlement option

! Upon complete withdrawal of outstanding units during settlement period

! For lapsed policies, at the expiry of the revival period or at the end of the third policy year, whichever is later.


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Charges Details

PremiumAllocationcharges

AnnualisedPremium Size

(Rs)

Premium Payment Due in

Policy Year Policy Year Policy Year1 2 to 10 11 & above

8,000 - 24,999

25,000 199,999

200,000 and above

5.00%

2.00%

NIL

NIL#

NIL

Top Up Premium : No premium allocation charge

PolicyAdministrationCharge

?4.5% of first year Annualized Premium per annum subject to a maximumRs. 1,200 per annum.

?This charge will be inflating @ 5% per annum on every 1st of April.The annual fund management charge is as follows:

Fund

Equity Growth Fund II

Accelerator Mid Cap Fund II

Pure Stock FundAsset Allocation Fund

Equity Index Fund II

Liquid Fund

Bond Fund

Fund Management Charge per annum

1.35%

1.35%

1.35%1.25%

1.25%

0.95%

0.95%

FundManagementCharge (FMC)

SurrenderCharge

If first three years' regular premiums have not been paid, then surrender chargewould be 25% of first years' Annualized Premium.If due premiums for first three years' have been paid, then surrender charge wouldbe as follows:

Policy surrendered in policy year

4

5

6 and above

Charge as a % First Years Annualized Premium

17%

12%

NIL

Switching Charge NIL

MiscellaneousCharge

Rs. 100/- per transaction in respect of reinstatement, increase or decrease in regularpremium, alteration of premium mode or issuance of copy of policy document.

Mortality Charge

Mortality Charge will be deducted at each monthly anniversary by cancellation ofunits. Sample mortality charges per annum per thousand of Sum at risk for a healthymale life is shown below :

Age (yrs) 20 30 40 50

Rs. 1.27 1.46 2.69 6.91

What are the Charges under the Plan?

# From Policy Year 11 onwards, the Company will give extra allocation of 2% by way of a Premium Allocation

Rate of 102%


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Revision of Charges

After taking due approval from the Insurance Regulatory and Development Authority, the Company reservesthe right to revise the above-mentioned charges.

If the Policyholder/Life Assured does not agree with the revised charges, he/she will be allowed to exit theplan at the prevailing unit price after applying surrender charge, if any.

Risks of Investment in the Units of the Plan

The Proposer/Life Assured should be aware that the investment in the Units is subject to the following,amongst other risks and should fully understand the same before entering into any unit linked insurancecontract with the Company.

! Unit Linked Life Insurance products are different from the traditional insurance products and are subject tothe risk factors.

! The premium paid in unit linked life insurance policies are subject to investment risks associated withcapital markets and the Unit Price of the units may go up or down based on the performance of the fund andfactors influencing the capital market and the insured/policyholder is responsible for his/her decisions.

! Bajaj Allianz Life Insurance is only the name of the insurance company and Bajaj Allianz iGain II is only thename of the plan and does not in any way indicate the quality of the policy, its future prospects or returns.

! Please know the associated risks and the applicable charges from your policy document.

! Equity Index Fund II, Accelerator Mid-Cap Fund II, Equity Growth Fund II, Pure Stock Fund, Asset AllocationFund, Bond Fund and Liquid Fund are the names of the funds offered currently with Bajaj Allianz iGain II, andin any manner do not indicate the quality of the respective funds, their future prospects or returns.

! The investments in the Units are subject to market and other risks and there can be no assurance that theobjectivities of any of the funds will be achieved.

! The Equity Growth Fund II, Equity Index Fund II, Accelerator Mid-Cap Fund II, Pure Stock Fund, AssetAllocation Fund, Bond Fund and Liquid fund do not offer any guaranteed or assured return.

!All benefits payable under the Policy are subject to the tax laws and other financial enactments, as they existfrom time to time.

! The past performance of the funds of the company is not necessarily an indication of the futureperformance of any of these funds


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-0115/15-

Jan-

09

Prohibition of Rebate: Section41of the Insurance Act,1938states:No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take outor renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebateof the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shallany person taking out or renewing or continuing a policy accept any rebate, except such rebate as may beallowed 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 punishable with a fine thatmay extend to five hundred rupees.

Section 45No Policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on whichit was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in anyreport of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, wasinaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it wasmaterial to disclose and that it was fraudulently made by the policy-holder and that the policy holder knew at the time of makingit that the statement was false or that it suppressed facts which it was material to disclose.

Bajaj Allianz iGain II is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. Thepolicyholder is solely responsible for his/her decisions while investing in ULIPs. Bajaj Allianz Life Insurance and Bajaj Allianz iGain II are the namesof the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. AllCharges applicable shall be levied. The policy document is the conclusive evidence of contract and provides in details all the conditions andexclusions related to Bajaj Allianz iGain II.

Contact Details

Bajaj Allianz Life Insurance Company Limited,

G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.

Tel: (020) 6602 6777. Fax: (020) 6602 6789.

Call 1800 233 7272 (Toll Free) Or 020 30587888

email: [email protected] Visit us at: www.bajajallianzlife.co.in

For More Information: Call us today on the TOLL FREE numbers mentioned above. This brochure should be

read in conjunction with the online Benefit Illustration and Policy Exclusions.

Why Bajaj Allianz Life Insurance?

Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world's leading insurer andBajaj Finserv, one of India's most respected names. Allianz SE is a leading insurance conglomerate globallyand one of the largest asset managers in the world. At Bajaj Allianz, we realize that you seek an insurer you cantrust your hard earned money with. Allianz SE has more than 110 years of financial experience in over 70countries and Bajaj Finserv as part of Bajaj Auto, trusted for over 55 years in the Indian market, are committedto offering you financial solutions that provide all the security you need for your family and yourself. At BajajAllianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customizedproducts with transparent benefits supported by the best technology is our business philosophy.

Unique Identification Number (UIN ) :

iGain II : 116L086V01 UL ADB : 116A013V01 UL APT / PDB : 116A014V01

BajajAllianzLifeiGainII

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