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

What is Bajaj Life Supreme Plan?

Bajaj Life Supreme is a Unit Linked Insurance Plan (ULIP) designed for individuals who want to build a long-term legacy for their loved ones through market-linked returns. You can choose from a wide range of fund options based on your risk appetite. As per current tax laws, the amount paid to your nominee after your death is tax-free1. This helps you transfer your wealth to your loved ones in a tax-efficient1 and secure manner. ..Read More

Build Your Legacy with Life Insurance

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Build Your Legacy with Life Insurance

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Grow your wealth with market returns along with Life Cover

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Get back Premium Allocation Charges

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Get double tax benefits1

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Get back Mortality Charges%

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Keep these documents handy

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Recent Photograph

  • Colored Photograph
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Photo Id Proof (Any One)

  • Aadhaar Card
  • Passport
  • Driving license
  • Voter ID
  • Job Card issued by NREGA
  • Letter issued by National population register Containing name and addresss
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Age Proof (Any One)

  • Passport
  • Aadhaar Card
  • Driver's License
  • Birth Certificate
  • Baptism Certificate of PAN card
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Address Proof (Any One)

  • Aadhaar Card
  • Passport
  • Voter ID
  • Job Card issued by NREGAA
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Rosy
Written By Date Published : 11th November 2025
Rosy Pathak
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Rosy Pathak, AVP- Product and Brand Marketing at Bajaj Life Insurance carries over 17 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.

Madhu Burugupalli
Reviewed By

Madhu Burugupalli

Date Modified : 19th June 2026
Madhu Burugupalli
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Madhu brings over 20 years of experience in product management and strategy. He leads product design and development at Bajaj Life, focusing on innovative, customer-centric life insurance solutions aligned to protection and savings needs of customers and their families. Over the years, he has developed a wide range of products across Term Insurance, ULIPs and traditional life insurance plans across digital and offline distribution channels.
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What are the benefits of Bajaj Life Supreme Plan?

Grow your wealth
Grow your wealth with market returns along with Life Cover

Choose to allocate your money in multiple funds based on your risk level and financial goals.

Get double tax
Get double tax benefits1

Save tax1 on premiums paid under Section 123 and get tax-free1 maturity benefits under Section 11 (read with Schedule II), as per current tax laws.

Get back Premium
Get back Premium Allocation Charges

Premium allocation charges are added back at the end of the 15th policy year, along with 7% p.a. guaranteed2 compounding growth3 to boost the Fund Value.

Get back Mortality
Get back Mortality Charges%

Mortality charges paid for life cover are added back to the fund value from the end of the 15th policy year and every 5 years thereafter

Earn Loyalty Additions
Earn Loyalty Additions*

Loyalty additions start from the 16th policy year and are added every year to boost the fund value.

Choose the investment strategy
Choose the investment strategy that suits you best

Select from 5 investment strategies based on your risk appetite.

Tax-Free Fund
Tax-Free Fund Switching1

You can make multiple switches between funds without paying any extra charges.

Partial Withdrawal
Partial Withdrawal

After the 5-year lock-in period, you can withdraw money from your fund as per your needs. You may choose regular monthly or yearly withdrawals, or take a lump sum amount when required (as per policy conditions).

How Bajaj Life Supreme Plan Works?

  1. Rakesh, aged 55 years, chooses whole life policy, with a life cover of Rs.1 Crore. He pays ₹10 lakh every year for 10 years.
  2. He has the option to select from 5 investment strategies and 29 fund options as per his risk appetite.
  3. From the end of the 15th policy year, mortality charges% are added back to the fund value, and again every 5 years thereafter.
  4. Premium allocation charges are also added back at the end of the 15th policy year, along with 7% p.a. guaranteed2 compounding growth3.
  5. Loyalty additions* start from the 16th policy year and are added every year to increase the fund value.
  6. Assuming an 8%a annual return, the estimated fund value at age 85 years can grow significantly to ₹5.49 Crores6, helping create a legacy for his loved ones.
Assumed Investment ReturnFund Value at Age 85 Years
8%a₹5,49,61,398
4%a₹2,01,52,173

Bajaj Life Supreme Plan Pricing Details

Illustration 1

  • At age 55 years, Invest ₹50,000 per month for 10 years
  • At age 85 years, You get ₹3.17 Crores7
Assumed Investment ReturnFund Value at Age 85 Years
8%a₹3,17,18,044
4%a₹1,18,45,115

Illustration 2

  • At age 55 years, Invest ₹70,000 per month for 10 years
  • At age 85 years, You get ₹4.46 Crores8
Assumed Investment ReturnFund Value at Age 85 Years
8%a₹4,46,09,685
4%a₹1,66,70,177

What are the Variants under Bajaj Life Supreme?

Under Bajaj Life Supreme, you can choose from multiple variants like Advantage, Gold and Horizon as per your requirement that fits your financial goals.

ParameterAdvantageGoldHorizon
Return of Mortality Charges%YesYesYes
Loyalty Additions*YesYesYes
Tax-free fund switching1YesYesYes
Partial WithdrawalYesYesYes
Number of Investment Strategies555
Premium Allocation Charges from Year 1 to Year 53% - 6%0%4% - 12%
Minimum Entry Age0 years0 years0 years
Maximum Entry AgeRegular/Limited Pay: 65 years; Single Pay: 70 years
Minimum Age at Maturity18 years18 years18 years
Maximum Age at MaturityWhole LifeWhole LifeWhole Life
Policy Term15, 20, 25, 30, 40 and Whole Life
Premium Payment Term5 years up to 75 years minus entry age; Single Pay

Bajaj Life Supreme Plan Specifications

  • Eligibility
  • Downloads

Entry Age

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Minimum age is 0 year

Risk cover will commence immediately on date of commencement of policy (irrespective of the age of life assured), and, in the case of minor life assured, policy will vest on the life assured on the attainment of majority (i.e., age 18 years)

Maximum age is

Regular/Limited Pay: 65 years

Single Pay: 70 years

Maturity Age

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Minimum age at maturity 18 years

Maximum age - Whole life

Policy Term

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15,20,25,30,40, Whole life

Premium Payment Term

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5 years up to 75 years less entry age

Single Pay

Sum Assured

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Minimum Sum Assured

Premium Payment TypeSum Assured Multiplier (Times Annualized/Single/Top-Up Premium) 
For Age at Entry Below 50 YearsFor Age at Entry 50 Years and Above 
Regular/Limited Pay7 times Annualized Premium5 times Annualized Premium 
Single Pay1.25 times single Premium1.10 times single  Premium 
Top-up premiums1.25 times Top-up Premium1.10 times Top-up Premium 

Maximum Sum Assured

For Policy Term - 15,20,25,30 and 40 years

Age at Entry (in Years)Sum Assured Multiplier (Times Annualized/Single/Top-Up Premium)
0 to 30 Years31 to 40 Years41 to 45 Years46 to 60 Years61 to 70 Years
Regular/Limited Premium30 times Annualized Premium25 times Annualized Premium15 times Annualized Premium10 times Annualized PremiumNA
Single / Top-up Premium1.25 times Single/Top-up Premium

 

Whole Life

Regular/Limited Premium: 10 times Annualized Premium

Single/Top-up Premium: 1.25 times Single/Top-up Premium

Premium

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Minimum Premium

Premium Payment FrequencyRegular/Limited PaySingle PayTop-up
AnnualHalf YearlyQuarterlyMonthly
Minimum (Premium in Rs.)Rs. 12,000Rs. 6,000Rs. 4,000Rs. 1,000Rs. 20,000Rs. 5,000

Maximum Premium

No Limit, As per Board Approved Underwriting Policy (BAUP)

 

Quarterly & Monthly Premium payment frequency will be available under auto-debit options as approved by RBI

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Leaflet

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Policy Document

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Customer Information Sheet

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Prospectus/Brochure

Why Should You Buy Bajaj Life Supreme Plan?

1
Creating Legacy

Bajaj Life Supreme is a Unit Linked Insurance Plan (ULIP) designed for individuals who want to build a long-term legacy for their loved ones through market-linked growth. You can choose from a wide range of fund options based on your risk appetite and create a tax-free1 legacy for your future generations over a period of time.

2
Financial Planning for your Life Goals

Whether you are trying to create financial legacy for future generations, fund your child’s education or finally enjoy your retirement years, it helps you in achieving your life goals .

3
Life Cover + Wealth Creation in One Plan

You can enjoy the dual benefits of life cover along with potential to grow your savings through market linked returns for your future life goals

4
Encourages Disciplined Savings Approach

You pay your premiums regularly which in turn helps you develop habit of disciplined savings over time, helping you stay financially aligned with your life goals

5
Saving on taxes1

Save tax1 on premiums paid under Section 123 and get tax-free1 maturity benefits under Section 11 (read under Schedule II), as per current tax laws. 

6
Inflation

As the money loses its value over the years due to inflation, Bajaj life Supreme plan helps you grow your money through market linked returns so that inflation does not affect your lifestyle and growth.

Tax Benefits1 available under Bajaj Life Supreme

  • Zero Long Term Capital Gain Tax4 - Returns on proceeds where annual premiums are up to ₹2.5 lakh are exempt from tax.
  • Save tax1 on premiums paid under Section 123, up to the eligible limit of ₹1.5 lakh per annum.
  • Enjoy tax-free1 maturity benefits under Section 11 (read with Schedule II).

Who should buy Bajaj Life Supreme?

Bajaj Life Supreme is designed for individuals who want to build a long-term legacy for their loved ones through market-linked growth.

AgeReason to buy Bajaj Life Supreme
In your 20sBajaj Life Supreme helps you maximize compounding effect due to longer tenure possibility, benefit from lower mortality charges, and build a strong financial foundation for future life goals.
In your 30sBajaj Life Supreme helps you in wealth creation along with life cover, ensuring your family’s financial security while working towards life goals like child’s education and dream home.
In your 50sBajaj Life Supreme is for someone who want to build a long-term legacy for their loved ones through market-linked growth. You can choose from a wide range of fund options based on your risk appetite and create a tax-free1 legacy for your future generations over a period of time.
Is there any add-on under Bajaj Life Supreme?

Yes, Bajaj Life Supreme has multiple additional riders that can help you enhance your protection. These riders can be opted at an extra minimal cost.

These Riders are Bajaj Life Linked Accident Protection Rider II, Bajaj Life Care Plus Rider, Bajaj Life Linked New Critical Illness Benefit Rider.

How to Intimate a Claim?

We have made the claim intimation process simple and accessible, so you can reach us through whichever mode is most convenient:

Bajaj Life Insurance Mobile App

Bajaj Life Insurance Mobile App

Bajaj Life Insurance Website

Bajaj Life Insurance Website

Bajaj Life Branch Office

Bajaj Life Branch Office

Check out our Claim Section to learn more about claim process and documents requirements.

Documents Required For Buying Bajaj Life Supreme Plan

Some of the common documents required to purchase Bajaj Life Supreme are as follows 

1

Proposal form

The proposal form is the basis of the insurance contract. It contains various details which you need to provide. The filled-up proposal form depicts all the important information about you that the insurance company needs like your personal details, financial details, medical details, etc. So, you have to fill out the proposal form, sign it and submit it to the insurance company when seeking to buy a life insurance policy.

2

Identity proof

A valid identity proof includes a list of documents which are accepted by the insurance company. Some of these include the following –

  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • Driving License, etc.
3

Age proof

When it comes to age proof, there are various documents that you can choose to submit. Some are called standard age proofs while others are considered to be non-standard age proofs, which are less reliable. Some common examples of each of these age proofs are as follows –

Standard age proof

  • Birth certificate issued by municipal authorities
  • Baptism certificate available from the Family Bible
  • School or college records
  • Identity Cards of the Government / Public sector employees showing the date of birth
  • Any identity card issued by the defence department
  • Marriage certificate issued by the Roman Catholic Church
  • Passport
  • Domicile certificate

Non-standard age proof

  • Employers’ service records
  • Self-declaration
  • E.S.I.S Card
  • Ration card
  • Electoral roll
  • Certificates issued by Village Panchayats, etc.
4

Address proof

Some of the commonly accepted address proofs include the following –

  • Driving License
  • Aadhaar Card
  • Passport
  • Voter’s ID Card, etc.
5

Income proof

In the case of high-value life insurance plans, income proof might be needed. Some commonly accepted income proofs include the following –

Standard Income Proof: (Any one of the following is acceptable)

  • Income Tax Returns (ITRs) with Computation of income of past 3 years.
  • Evidence of Salary earned.
  • Salary slips of past 3 months certified by the employer with company seal with mandatory requirements like Employee no., PF No., Bank Account number, month etc.
  • Latest Employment Contract Letter on company letter head (not more than 3 months old).
  • Latest Form 16.
  • Bank Statements of the past 6 months showing salary credit in case of salaried individuals only.
  • Profit & Loss Accounts and Balance Sheets duly audited by a Chartered Accountant (giving membership number) of past 3 years.
  • Form 16A in combination with ITR s/ PNL accounts and Balance sheets of the insured.
  • Form 26 AS

Non Standard Income proof:

  • Fixed Deposits/MF/Portfolio statements/Monthly SIP
  • Car Ownership documents
  • Home or Property Loan
  • Bank Statement of saving account
  • Credit Card limits
6

Medical reports or questionnaires

Medical reports are not mandatory in all policies. Usually, if you are beyond a specified age, have opted for a high sum assured and/or have an adverse medical history, the insurance company might require certain documents like:

Based on your existing health conditions, like diabetes, hypertension, asthma, etc., you might also have to fill out and submit relevant health questionnaires detailing the condition and the treatment that you are taking for the same.

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Bajaj Life Supreme Plan FAQs

How can Bajaj Life Supreme help in legacy creation?

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Bajaj Life Supreme helps in legacy creation by combining whole life insurance with market-linked returns. It builds a long-term corpus through power of compounding, return of charges%,3, boosting the fund value with loyalty additions*, enabling you to pass on wealth securely to the next generation.

Does Bajaj Life Supreme offer tax deduction under Section 123?

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Yes, Bajaj Life Supreme offers a tax deduction under Section 123 for up to the eligible limit of ₹1.5 lakh per annum.

Can I invest in Bajaj Life Supreme after the age of 40?

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Yes, you can invest in Bajaj Life Supreme after the age of 40. You can choose from a wide range of fund options based on your risk appetite and create a tax-free1 legacy for your future generations over a period of time.

Does Bajaj Life Supreme offer guaranteed2 returns?

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No, Bajaj Life Supreme does not offer guaranteed2 returns; it offers market linked returns.

How long should I stay invested in Bajaj Life Supreme?

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You should ideally stay invested in a market linked product for a longer term to benefit from the power of compounding and manage market volatility to earn potentially higher returns.

Can I switch my funds in Bajaj Life Supreme?

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Yes, you can make multiple tax-free switches1 between funds in the plan during the policy tenure based on your risk appetite and market outlook.

Are there any charges in Bajaj Life Supreme?

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Yes, there are various charges in the plan like, premium allocation charge, policy administration charge, fund management charge and other applicable charges. 

Is my money safe in Bajaj Life Supreme?

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The investment risk in a unit-linked insurance plan is borne by the policyholder. The returns are based on the performance of investment strategy and funds that you have chosen.

Can I withdraw my money in Bajaj Life Supreme?

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Yes, with the flexibility of partial withdrawal you can withdraw your money after a lock-in period of 5 years, subject to policy terms and conditions

Faqs
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Terms & Conditions

I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business.

Please refer to Bajaj Life Privacy Policy

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Disclaimer

Disclaimers:
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1Tax 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 bene fits are dependent on policy term, premium payment term availed along with other variable factors. For more details, please refer to sales brochure.

3The term "effectively zero premium allocation charge" is used as the deducted premium allocation charges are added back to the fund value at the end of the 15th policy year, after accumulating at a growth rate of 7% per year provided the policy is in-force. This shall exclude premium allocation charges deducted for top up premiums and GST on premium allocation charges.

4Subject to Section 11 (read with Schedule II, Sr.No.2) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs and sum assured is 10x of annual premium. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

6Above illustration is considering Male aged 55 years | Standard Life | Policy term (PT) – Whole Life | Premium Payment Term (PPT) – 10 years | | Variant: Gold | Yearly Premium Payment Mode | This illustration is considering investment in "Pure Stock Fund (ULIF02721/07/06PURSTKFUN116)" | Sum Assured Multiple - 10. In case of death at age 85 years, death benefit payable at 4% return will be ₹2,01,52,173 and at 8% return will be ₹5,49,61,398

7Above illustration is considering Male aged 55 years | Standard Life | Policy term (PT) – Whole Life | Premium Payment Term (PPT) – 10 years | | Variant: Gold | Monthly Premium Payment Mode | This illustration is considering investment in "Pure Stock Fund (ULIF02721/07/06PURSTKFUN116)" | Sum Assured Multiple - 10. In case of death at age 85 years, death benefit payable at 4% return will be ₹1,18,45,115 and at 8% return will be ₹3,17,18,044

8Above illustration is considering Male aged 55 years | Standard Life | Policy term (PT) – Whole Life | Premium Payment Term (PPT) – 10 years | | Variant: Gold | Monthly Premium Payment Mode | This illustration is considering investment in "Pure Stock Fund (ULIF02721/07/06PURSTKFUN116)" | Sum Assured Multiple - 10. In case of death at age 85 years, death benefit payable at 4% return will be ₹1,66,70,177 and at 8% return will be ₹4,46,09,685

aThe assumed rate of returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy

%100% Return of Mortality Charges (ROMC) shall be added back to the fund value at the end of 15th policy year and in every 5th policy year after that before maturity. At maturity 100% ROMC shall be paid.

*Loyalty Additions will be added into the Regular/single Premium Fund Value and will be 0.25% of the average fund value of the last 3 years (including the current year) at the end of every year starting from the 16th policy year till the end of policy term.

~Individual death claim settlement ratio FY 2025-26.

+Individual and group, as on 31st March, 2026.

#Solvency ratio 266% as at 31 March, 2026 against IRDAI mandated 150%.

$For details refer to press release published by CARE

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited)

In a box, below spurious call disclaimer ->

BEWARE OF SPURIOUS PHONE CALLS AND FICTION / 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.

Risk Factors and Warning Statements: Bajaj Life Insurance Limited Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212, Mail us : customercare@bajajlife.com. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. 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. All charges/ taxes, as applicable, will be borne by the Policyholder.

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. Bajaj Life Insurance Limited is only the name of the Life Insurance Company and Bajaj Life Supreme, A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L211V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. 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.

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.

BLIC-WP-ECNF-22076/26

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