Bajaj Life ACE - (UIN- 116N186V04)
A Non linked, Participating, Individual Life Insurance Savings Plan
Protecting and saving for your tomorrow is one of those aspects where you would like your plan to be suitable for you and your family’s needs. How amazing would it be if we could create our own financial plan – where you could design it yourself!
Keeping this in mind, Bajaj Life Insurance Limited is proud to present Bajaj Life ACE, a truly modular product where you are the one in charge of your financial plan. The product offers a life cover to secure your family financially in case you are not around, choice of income as you would want or a lump sum to meet your life goals.
Features and Benefits
Early Income option
Income Benefit: You are eligible to receive an income in the form of Cash bonuses that may be declared by the Company every year. You can opt to take this cash bonus (if declared) monthly/ yearly which gives you an income starting from the end of 1st month/ 1st year after the Deferment period of your Policy. In addition to the cash bonus, if declared, you shall also receive a Guaranteed2 Income. The income benefit is payable for the entire policy term.
For PT <=30 years:
For PT>30 years:
The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death Benefit will be less than the Guaranteed2 Death Benefit. If there is any shortfall, the same will be added to the Death Benefit
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to take the death benefit in instalments.
Deferred Income:
The death benefit will be paid-out as a lump-sum, and the policy will terminate if not opted to take the death benefit in instalments
Increasing Income:
The Sum Assured on Death will be 11 times of Annualised premium. At no time the Death Benefit will be less than the Guaranteed2 Death Benefit. If there is any shortfall, the same will be added to the Death Benefit.
Wealth Option:
Note:
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve 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 Life Insurance Ltd. (Formerly known as Bajaj Allianz Life Insurance Company Limited)
Risk Factors and Warning Statements: Bajaj Life Insurance Limited and Bajaj Life ACE 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.bajajlifeinsurance.com) carefully before concluding a sale. Bajaj Life ACE (UIN- 116N186V04), is A Non linked, Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006 IRDAI Reg.No.: 116 CIN : U66010PN2001PLC015959 Mail us : customercare@bajajlife.com Call on customer care number:. 020-6712 1212. The Logo of Bajaj Life Insurance Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policy holder.
The risk factors of the bonuses projected under the product are not guaranteed | Past performance of the Company doesn't construe any indication of future bonuses | The product is subject to the overall performance of the Company in terms of investments, management of expenses, mortality and lapses.
^Tax benefits as per prevailing Section 11 (read with Schedule II) and Section 123 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.
²Conditions 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.
DBS Bank India Limited (IRDAI 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 Life Insurance Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Bajaj Life Insurance 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 above product offering is indicative and for information purpose only. As per Bank’s process, life insurance products will be offered to you post conducting suitability analysis through financial transaction form by taking into account various factors like insurance needs, risk profile and time horizon etc.
BLIC-WC-EC-21576/26
Contact us 1860 267 1234 / 1800 209 4555
Only from SG 800 852 6186
For Int'l +91 44 6685 4555
Or have someone contact you
