Bajaj Allianz Life Guaranteed Income Goal

1. Choice of 2 variants:

• Income Benefit: Under the Income Benefit plan, the policyholder will get the Guaranteed1 Maturity Benefit in monthly, quarterly, half-yearly, or yearly instalments (as chosen at inception by the policyholder) for a time period equal to the premium paying term of the policy.
• Lump sum Benefit: Under the Lump sum Benefit, the policyholder will get the Guaranteed1 Maturity Benefit in lump sum. Depending on the policy term and premium paying term, the maturity benefit payable will be up to -610 % of the sum assured, subject to policy terms and conditions.

2. Extended life cover (ELC):

(i) At the inception of the policy, you will have the option to choose the Extended Life Cover (ELC) under the policy. The amount of risk cover during the ELC Period is equal to the Sum Assured on Death%

(ii) The ELC will start from the Maturity Date and will continue for an ELC Period equal to the duration of the PPT (in years), starting from the Maturity Date

(iii) In Lump Sum Benefit, on death of the Life Assured, the Sum Assured on Death% will be paid and the Policy will terminate. In Income Benefit, on death of the Life Assured, the Sum Assured on Death% will be paid, the risk cover will terminate immediately and the Policy will terminate on the payment of the last GMI.

(iv) Once chosen at inception, the ELC cannot be removed from the Policy.

3. Loan:

• One can avail loan cumulative up to 70% of the available surrender benefit under this policy

4. Multiple riders:

Below listed five riders are available in this plan to further enhance the cover -

i- Bajaj Allianz Accidental Death Benefit Rider (UIN:116B034V02)

ii- Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider (UIN:116B036V02)

iii- Bajaj Allianz Critical Illness Benefit Rider (UIN:116B035V02)

iv- Bajaj Allianz Family Income Benefit Rider (UIN:116B037V02)

v- Bajaj Allianz Waiver of Premium Benefit Rider (UIN: 116B031V02)