Century Plus 274r30

“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”

Bajaj Allianz CenturyPlus Flexible and systematic investments are always good for you. At Bajaj Allianz Life Insurance, we value your investment and reward you for regular investments, giving you unmatched benefits with great returns. Bajaj Allianz CenturyPlus offers you a limited payment term option and a unique combination of protection and prospects with attractive returns. With 98% allocation in first 2 years and 100% thereafter, we ensure that your investment income gets accelerated and you reap benefits from a plan that delivers prosperity and happiness to you. Some of the key features of this plan are:

Loyalty Units If your policy is not terminated, we shall allocate Loyalty Units at the end of the sixth policy year and thereafter, at the end of each policy year at the unit price as on date of allocation of the Loyalty Units, for an amount equivalent to: Policy year end

*Loyalty Units as percentage of fund value in respect of regular

Loyalty Units as percentage of First Years’ Annualized

6 to 10

0.25%

7%

*Loyalty Units as a percentage of fund value in respect of regular will be allocated only to policies where Annualized is greater than or equal to Rs. 100,000.

Dividing by the number of units existing at the valuation date (before any units are redeemed), gives the unit price of the fund under consideration. This is applicable when the company is required to sell assets to redeem units at the valuation date. Investment Options:

Sample Illustration*

We offer you a choice of six (6) investment funds as given below. • Asset Allocation Fund– Risk Profile – High: The investment objective of this fund will be to realize a level of total income, including current income and capital appreciation, which is consistent with reasonable investment risk. The investment strategy will involve a flexible policy for allocating assets among equities, bonds and cash. The fund strategy will be to adjust the mix between these asset classes to capitalize on the changing financial markets and economic conditions. The fund will adjust its weights in equity, debt and cash depending on the relative attractiveness of each asset class.

• Guaranteed life cover of sum assured plus fund value.

• No Loyalty Units will be allocated on fund value in respect of top-up (if any).

• Take maximum advantage of booming markets today and get maximum allocation on your funds from the 1st year onwards.

Maturity Benefit

Fund Exposure

On maturity, the fund value in respect of regular and top up- (if any) will be paid.

Equities

0% to 100%

Debt

0% to 100%

Money Market Instruments

0% to 20%

• Loyalty Units to enhance your fund value every year from the sixth policy year. • An ‘Asset Allocation Fund’ looks after your investments even when the market conditions change. Our experienced fund managers monitor the mix of assets in the fund and manage the mix in such situations to maximize your returns.

Surrender Benefit

• If you want to manage the mix of assets for your policy on your own, you have a choice of 5 investment funds to invest in. These give you complete flexibility to switch money from one fund to the other and help you manage your investments better.

• After three years from the date of commencement of the policy, you have the option to avail of surrender benefit by complete surrender of units at any point of time.

• Get the option of limited payment ranging between 3 to 10 years.

Additional Rider Benefits available

• Your policy continues to participate in the investment performance of the fund(s) even if you are unable to pay the for 3 full years.

The following additional rider benefits in the form of rider can be availed at the option of the policyholder.

• Flexibility of partial withdrawals at any time after 3 years from commencement of the policy provided 3 full years’ s are paid.

• UL Accidental Death Benefit Rider (UL ADB)

• At maturity, you can take your fund value at maturity date or periodic instalments spread over a maximum period of 5 years.

(Please refer to the additional rider benefits brochure for more details.)

Fund Exposure

You have the flexibility to add and remove the riders at any policy anniversary subject to rider and conditions.

Bank Deposits & Money Market Instruments

0% to 20%

G-Secs, Bonds & Fixed Deposits

80% to 100%

• A host of optional additional rider benefits which includes assurance to your family with accidental death benefit and accidental permanent total/partial disability benefit. • You also have the option to pay unlimited top-up s anytime during the tenure of your policy to further enhance your savings. How does the plan work? s paid by you, net of allocation charge, if any, are invested in fund(s) of your choice and units are allocated depending on the unit price of the fund(s). The fund value of your policy is the total value of units that you hold in the fund(s). The insurance cover charges, policy istration charges and the additional rider benefit charges (if any) are deducted through monthly cancellation of units. Fund Management Charge is priced in the unit value. Payment Term You have the flexibility to select any paying term ranging between three to ten years. Bajaj Allianz CenturyPlus offers you the following cover: Your Sum Assured is always equal to 5 (five) times of your Annualised . Death Benefit • The death benefit will be the “Sum Assured in respect of regular and top-up (if any) plus the fund value in respect of regular and top up (if any)’’. • If three years regular has not been paid and the policy has lapsed, then the death benefit will be the fund value in respect of regular and top-up (if any).

• The surrender value of the policy will be equal to the fund value less surrender charge, if any.

• Liquid Fund - Risk profile - Low: The investment objective of this fund is to have a fund that protects invested capital through investment in liquid money market and short-term instruments. Fund Exposure

• UL Accidental Permanent Total/ Partial Disability Benefit Rider (UL APTPDB)

Fund Value: The fund value is equal to the number of units under this policy multiplied 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 the number of units existing in the fund at the valuation date. Valuation Date: We aim to value the funds on each day the financial markets are open. However, we may value the funds less frequently in extreme circumstances, where the value of assets is too uncertain. In such circumstances, we may defer the valuation of assets for upto 30 days until we feel that certainty as to the value of assets is resumed. The deferment of valuation of assets will be with prior consultation with the IRDA. Currently, the cut-off time is 3.00 p.m. for applicability of Unit Price of a particular day for switches, redemptions and publication of Unit Price.

Bank Deposits & Money Market Instruments

100%

Not more than 20 % of the allocated can be put in this fund. • Bond Fund - Risk profile - Moderate: The investment objective of this fund is to provide accumulation of income through investment in high quality fixed income securities.

• Equity Growth Fund - Risk profile - Very High: The investment objective of this fund is to provide capital appreciation through investment in select equity stocks that have the potential for capital appreciation. Fund Exposure Bank Deposits & Money Market Instruments

0% to 20%

Equities

80% to 100%

• Equity Index Fund II - Risk profile - High: The investment objective of this fund is to provide capital appreciation through investment in equities forming part of NSE NIFTY. Fund Exposure

Computation of NAV:

Bank Deposits & Money Market Instruments

0% to 15%

When Appropriation price is Applied: The NAV of a fund shall be computed as the market value of investment held by the fund plus the expenses incurred in the purchase of the assets plus the value of any current assets plus any accrued income net of fund management charges less the value of any current liabilities less provision, if any. This gives the net asset value of the fund. Dividing by the number of units existing at the valuation date (before any new units are allocated), gives the unit price of the fund under consideration. This is applicable when the company is required to purchase assets to allocate units at the valuation date.

Equities

85% to 100%

When Expropriation price is applied: The NAV of a fund shall be computed as the market value of investment held by the fund less the expenses incurred in the sale of the assets plus the value of any current assets, plus any accrued income net of fund management charges less the value of any current liabilities less provision, if any. This helps compute the net asset value of the fund.

These funds are professionally managed by asset managers of Bajaj Allianz, backed with the rich experience of Allianz SE, one of the largest asset managers in the world today, managing assets worth over a Trillion Euros (over Rs. 55,00,000 crores)

• Accelerator Mid-Cap Fund - Risk profile - Very High: The investment objective of this fund is to achieve capital appreciation by investing in a diversified basket of mid cap stocks and large cap stocks.

Age Maturity Age

Policy Term

Paying Term

Per Annum

Fund Value at maturity @ 6%

Fund Value at maturity @ 10%

Bank Deposits & Money Market Instruments

0% to 20%

Equities

80% to 100%

Minimum 50% of Equity Investments would be in Mid-Cap stocks

Even if you forget to pay your s, after three years’ regular s are paid, you have an option to continue life cover along with all additional rider benefits that you have availed of. Under this option, the policy will be kept in force by cancellation of units at the prevailing unit price to meet all the charges, provided the value of the units in respect of regular less surrender charges does not fall to an amount equivalent to one annual under the policy.

25

35

10

5

25,000

162,541

220,701

Partial withdrawal option

25

35

10

10

25,000

307,579

383,595

35

45

10

5

25,000

160,852

218,734

Anytime after three years from the date of commencement of the policy provided regular s for three full years’ have been paid, you have the option to partially withdraw units from fund(s) subject to following conditions:

35

45

10

10

25,000

305,890

381,627

*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 healthy lives. Flexibility – To suit your changing requirements

• The minimum amount of withdrawal is Rs. 5,000. • Maximum partial withdrawal allowed should be equal to fund value minus two annual s. This means a minimum fund value of two annual s must be maintained at any given time.

Bajaj Allianz CenturyPlus offers you the flexibility to suit the policy according to your requirements.

• All partial withdrawals are to be made from eligible top-up units, if any. Once the top-up units are exhausted, further partial withdrawals will be made from regular units.

Flexibility to manage your investments:

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

You can choose to invest fully in any one fund or allocate your s into the various funds in a proportion that suits your investment needs. The proportion of allocated to any fund must be atleast 5%. At any policy anniversary, you also have the flexibility to change the proportion of future s to the funds. The maximum allocation to Liquid fund will not exceed 20% of the allocated . Depending on the performance of funds, you can switch units between funds with three free switches every policy year, subject to a minimum switching amount of Rs. 5,000 or the value of units, whichever is lower. Switching of units under lapsed policies shall not be allowed Flexibility - To pay top-up s: • We offer you the flexibility to pay unlimited top up s at any time provided all due regular s have been paid. • The amount of top up paid shall determine the top up sum assured. At the time of making any payment of top up , you may in writing choose the level of top up sum assured from amongst the available choices, which are between 1.25 times to 5 times of the top up paid, (the default choice always being 1.25 times the Top Up paid). • You may also choose to have no risk cover for top up paid in which case the top up sum assured will be NIL, provided the total amount of top up s paid or proposed to be paid does not exceed 25% of the regular paid till date. • If, at any time, the total amount of top up s paid or proposed to be paid exceeds 25% of the regular paid till date, the top up sum assured will be between 1.25 times and 5 times (as notified by you in writing to us) of the portion of top up exceeding 25% of the regular paid till date. • We may ask you to undergo any medical examination to your health. • The minimum top up payable is Rs. 5,000, subject to our right to increase this minimum amount from time to time subject to prior approval from IRDA. • The increase in top up sum assured will not impact regular benefits or additional rider benefits.

Fund Exposure

Assurance for you

• There would be a 3-years lock in period on the top up except for the top up paid in the last three years of the contract. The lock-in on top up shall apply from the date of payment of each top-up .

• In case of minor life, partial withdrawal is allowed after attaining the age of 18 years. • No charge is applicable on partial withdrawals either from top-up units or from regular units • We may vary the minimum value of units at NAV to be withdrawn and/or the minimum balance of value of units to be maintained after such partial withdrawals subject to prior approval from IRDA. Settlement Option Plan your maturity proceeds by exercising the settlement option with us. This facilitates you to receive your maturity proceeds in equal instalments (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 at that date divided by the number of outstanding installments. No risk cover will be available during the settlement period. The company however will deduct all the charges (except the mortality charge and rider charge, if any). No partial withdrawals or switches are allowed during the settlement period. Non-Forfeiture If any due regular is not paid within the grace period in the first three policy years, the policy shall immediately lapse for the insurance cover including additional rider benefits, if any. However, during the period of lapsation, the policy shall continue to participate in the investment performance of the underlying funds, subject to deduction of all charges except mortality charge and rider charges, if any. You may revive the policy within a revival period of four years from the due date of first unpaid regular subject to recovery of any due but un-recovered charges except mortality charge and rider charge, if any, from the due date of first unpaid , failing which the policy shall be terminated and the fund value as on date of termination less surrender charge shall be paid at the expiry of the revival period. If all the due regular s have been paid for at least first three consecutive years and subsequent s are not paid, you will be given an opportunity to revive the policy within four years from the due date of first unpaid . During this limited period of revival or upto the maturity date, whichever is earlier, the policy shall continue for full insurance cover including additional rider benefits, if any, levying all appropriate charges by cancellation of units at the prevailing unit price till the fund value in respect of regular less surrender charge, if any,

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does not fall to an amount equivalent to one annual (NAV) across all the funds.

Termination Conditions

At the end of four years i.e. period of revival, if the contract is not revived and if the maturity date has not yet arrived, you can opt to continue the policy with full insurance cover including additional rider benefits, if any, subject to deduction of all charges till the fund value in respect of regular less surrender charge, if any, does not fall to an amount equivalent to one annual (NAV) across all the funds.

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

When the fund value in respect of regular less surrender charge, if any, falls to an amount equivalent to one annual or you do not opt to continue the policy after the revival period or the maturity date arrives before the expiry of revival period, the policy shall be terminated by paying the fund value as on date of termination less surrender charge, if any. Important Details of the Bajaj Allianz CenturyPlus Plan

• The units in the policy are fully surrendered; • The fund value in respect of regular less surrender charge, if any, falls to an amount equivalent to one annual provided regular s have been paid for 3 full years; • Upon death of the life assured. • Upon the policy remaining as lapsed for the revival period of four years.

Loan is not available under this Plan. Tax Benefits

60 years (50 years in case of all Additional Rider Benefits)

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

Minimum Maturity Age

18 years

As per the current tax laws:

Maximum Maturity Age

70 years

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

Additional Rider Benefit Ceasing Age

65 years

Minimum / Maximum Term

10 years

• Partial Withdrawals, Surrender Value, Death Benefit and Maturity Benefit are eligible for tax benefits as per Section 10(10D) of the Income Tax Act. In case of change in any tax laws relevant to the policyholder or the fund performance, the same will be applied as per regulations prevailing at that point of time

Minimum Paying Term

3 years

Maximum Paying Term

10 years

Minimum

Rs 25,000 per yearly installment,

General Exclusion

Rs 12,500 per half-yearly installment,

In case the life assured commits suicide within one year of the date of commencement/revival of the policy, the amount payable would be the value of the units in your .

Free Look Period Within 15 days from the date of receipt of the policy, you have the option to review the and conditions and return the policy, if you disagree to any of the & conditions, stating the reasons for your objections. You will be entitled to a refund of the paid, subject only to a deduction of a proportionate risk 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 or increase in the fund value, if any, due to a fall or rise in the unit price between the date of allocation and redemption of units (without reference to any allocation rate or charges). Days of Grace A grace period of 30 days for the yearly, half yearly and quarterly modes and of 15 days for the monthly mode is allowed under the policy. Your policy remains in force for all insurance covers, if any, even if the due s are not paid during this period.

• Rider Charges: The charges for additional rider benefits selected shall be recovered through cancellation units on a monthly basis.

• Switching charge upto a maximum of Rs.200 per switch or 5% of the switching amount, whichever is lower.

Minimum age at entry for all riders is 18 years Maximum Age at Entry

*You can change the payment mode on any policy anniversary.

50 6.08

• Fund Management Charge up to a maximum of 2.75% p.a. of the NAV for the Equity Growth Fund and Accelerator Mid-Cap Fund, 2.25% p.a. for the Equity Index Fund II and Asset Allocation Fund, 1.75% p.a. for the Bond Fund and Liquid Fund.

8 years

5 times Annualised

40 2.37

After taking due approval from the IRDA, we reserves the right to change the following charges:

Minimum Age at Entry

Minimum Top Up is Rs. 5,000.

30 1.29

Revision of charges

Fund Access - Loan

Minimum / Maximum Sum Assured

20 1.12

• The expiry of the period for the settlement option.

Details

(Monthly mode is available through ECS and Salary Saving Scheme only).

Age Mortality Charge per annum per thousand of sum assured for male lives

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

Parameter

Rs 2,500 per monthly mode

Sample standard mortality charges per annum per thousand of sum assured for male lives are given in the table below:

Charges Under the Plan • Policy istration Charge: Policy istration Charge will be 1.75% p.a. of sum assured at inception and will be deducted at each monthly anniversary by cancellation of Units. • Fund Management Charge: 1.75% p. a. of the NAV for Equity Growth Fund and Accelerator Mid-Cap Fund, 1.25% p.a. of the NAV for Equity Index Fund II and Asset Allocation Fund, 0.95% p.a. of the NAV for Bond Fund and Liquid Fund. The Fund Management Charge is charged on a daily basis and adjusted in the unit price. • Allocation Charge: allocation charge for regular s:

2% for s due in first 2 policy years and NIL thereafter

allocation charge for top up s:

2%.

• Fund Switching Charges: Three free switches would be allowed every year. Subsequent switches would be charged @ 5% of switch amount or Rs. 100, whichever is lower, on each such occasion.

• Miscellaneous charge upto a maximum of Rs.200/- per transaction • If you disagree with the charges, you will be allowed to exit the plan 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 insurance contract with the Company.

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

• The paid under unit linked life insurance policies are subject to investment risks associated with capital markets and the unit price of the units may go up or down based on the performance of the fund and factors influencing the capital market and the life assured/ policyholder is responsible for his/her decisions.

This brochure should be read in conjunction with the Benefit Illustration and Policy Exclusions. Please ask for the same along with the quotation.

• Please know the associated risks and the applicable charges from your policy document or by consulting the Company, your Insurance agent or your Insurance intermediary. • Equity Index Fund II, Accelerator Mid-Cap Fund, Equity Growth Fund, Asset Allocation Fund, Bond Fund and Liquid Fund are the names of the funds offered currently with Bajaj Allianz CenturyPlus, and in any manner does 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 the objectivities of any of the funds will be achieved. • The Equity Growth Fund, Equity Index Fund II, Accelerator Mid-Cap Fund, Asset Allocation Fund, Bond Fund and Liquid fund do not offer a guaranteed or assured return.

• Miscellaneous Charge: The miscellaneous charge would be Rs.100/- per transaction in respect of reinstatement, alteration of mode or issuance of copy of policy document

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

• Surrender Charge:

• The past performance of the funds of the company is not necessarily an indication of the future performance of any of these funds.

[1 – (1/1.10)^N ] * First Years’ Annualized .

Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states: • No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed 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 that may extend to five hundred rupees.

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

• Bajaj Allianz Life Insurance is only the name of the insurance company and Bajaj Allianz CenturyPlus is only the name of the policy and does not in any way indicate the quality of the policy, its future prospects or returns.

Life Individual

Why Bajaj Allianz Life Insurance? Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world’s leading insurer and Bajaj Auto, one of India’s most respected names. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55,00,000 crores). At Bajaj Allianz, we realize that you seek an insurer you can trust your hard earned money with. Allianz SE has more than 110 years of financial experience in over 70 countries and Bajaj Auto, trusted for over 55 years in the Indian market, are committed to offering you financial solutions that provide all the security you need for your family and yourself. At Bajaj Allianz , customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits ed by the best technology is our business philosophy.

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

CenturyPlus

CenturyPlus is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. The policyholder is sole responsible for his/her decisions while investing in ULIPs. Bajaj Allianz Life Insurance and CenturyPlus 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. All Charges applicable shall be levied. The policy document is the conclusive evident of contract and provides in details all the conditions and exclusions related to the CenturyPlus. Unique Identification Number (UIN) :

CenturyPlus : 116L053V01

UL ADB : 116A013V01

Bajaj Allianz CenturyPlus “Score a century with your investment plan”

UL APT/TPD : 116A014V01

where N is 5 years less the elapsed policy duration in years and fraction thereof. It is possible to revive a policy that has lapsed due to non-payment of s within 4(four) years from such date of lapse. You have to give a written application to us to revive the policy with all due unpaid regular s. The revival will be effected subject to underwriting. We may disallow the revival of the policy on the original and conditions

No Surrender Charge will be applied on units in respect of top up . • Mortality Charges: The mortality charge would vary according to the gender and attained age of the life assured at the time of deduction of the charge. This charge would be recovered through cancellation of units on a monthly basis and would be applied on sum assured. Insurance is the subject matter of the solicitation.

BJAZ-B-0010

Revival of the Policy

Bajaj Allianz Life Insurance Company Limited

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