IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year. ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility
~Individual Death Claim Settlement Ratio for FY 2024-2025
%96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Life Insurance offices
$For details refer to press release published by CARE
**All figures as on 31 January, 2025
^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150%
#Individual & Group
15% Discount applicable for customer's first individual life insurance policy on the life of the LA, applicable only on first year’s premium. 5% Discount for salaried employees, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.
4Above illustration is for Bajaj Life eTouch II- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N198V01) considering Male aged 23 years | Non-Smoker Preferred | Annual Income =>Rs. 15,00,000 per annum | Indian Resident | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 2,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 7,159. 2nd Year onwards premium is Rs. 7,760. Total Premium is Rs. 2,32,199 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage : 40, Income Payout Percentage : 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. 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.
2Get Free Health Management Services upto ₹ 31,000 per year
Health Management Services
| Frequency
| Cost (₹)
|
|---|
Doctor Insta-Consultations
| 3 consultations per month = 36 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 36 = ₹ 18,000
|
Health Coach
(Diet & nutrition consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Emotional Wellness
(Psychologists consultations)
| 1 consultation per month =
12 consultations per year
| Average cost per session = ₹ 500
Total cost per year = ₹ 500 * 12 = ₹ 6,000
|
Network discounts:
Medicines (M) - 10%
Lab-test booking (L) - 10%
| Throughout the year
| Assumption – Total
expense on these
services throughout
the year
| Total discounts that can be availed
throughout the year
|
M - ₹ 5,000
| ₹ 500
|
L - ₹ 5,000
| ₹ 500
|
Total per year as per assumption
| ₹ 31,000
|
Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.
Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.
6Through Parental Care Option available in Bajaj Life Family Protect Rider (UIN:116B056V01)
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