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/axis-bank_rewamp-life-insuran-bajaj-allianz-life-ace-(116n186v01)-360x400-moba3d271ae-72c1-4af4-8b4d-b142e3295d3a.webp "Bajaj Allianz Life ACE")
Bajaj Allianz Life ACE
Protecting and saving for your tomorrow is crucial when you plan for your family's ever changing needs. How amazing would it be if you had an option to create your financial plan basis your personalised requirements. Keeping this in mind, Bajaj Allianz Life Insurance Company is proud to present Bajaj Allianz 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 in case you are not around, choice of income, as you would want or a lump sum to meet your life goals.
Features & Benefits
Key advantages of Bajaj Allianz Life ACE
Decide your income
Choose your income amount, income start year and income period and income preference – level or increasing or both.
Policy term preference
Choose from a wide range of policy term options right from 10 years up to whole life.
Plan your income starting year
- Option to plan the income start year by postponing the income start up to 5 years.
*Product feature/benefit mentioned is dependent on the option chosen by the customer.
Protection
Protect your loved ones with a life cover throughout the policy term, up to the age of 100 years.
Tax benefits
Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult
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Maturity Benefit
Tax benefits
Tax benefits as per prevailing Section 10(10D) and Section 80C 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.
Eligibility - Bajaj Allianz Life ACE
Entry Age
| Minimum Age at Entry | Maximum Age at Entry | Maturity Age |
|---|---|---|
| 0 years | 60 years | Up to 100 years |
Notes:
All ages mentioned above are age as on last birthday. Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date. For female lives, 2% mark-up will be available on Benefit Sum Assured. Income Period will commence after the end of Deferment Period.
Premium Payment Term(PPT), Income Period(IP), Deferment Period(DP) and Policy Term(PT)
| Plan benefits | Premium Payment Term (PPT) | Income Period(IP) | Deferment Period(DP) | Policy Term(PT) |
|---|---|---|---|---|
| Early Income | 5,6,7,8,9,10 & 12 years | IP = PT minus DP | 0 to 5 years | Limited Term: 10, 15, 20, 25, 30 Whole Life: Till age 85 or till age 100 |
| Increasing Income | Limited Term: 10, 15, 20, 25, 30 Whole Life: Till age 85 or till age 100 | Limited Term: 15 to 45 years Whole Life: Up to Age 85 or 100 years | ||
| Wealth | NA | NA | Limited Term: 10 to 45 years Whole Life: Up to Age 85 or 100 years |
Premium Payment Frequency
Note: The quarterly and monthly mode will only be allowed under auto-debit process (as per the approved RBI facilities).
Premium
| Plan benefits | Premium Payment Term (PPT) |
|---|---|
| Annual Premium: ₹30,000 | No limit, subject to Board Approved Underwriting Policy |
Sum Assured
Benefit Sum Assured (BSA) is derived basis Age, Product option, GPB, DP, PT, PPT, Income period and premium chosen by the Policyholder
Benefits will vary depending upon options chosen.
Minimum & Maximum Sum Assured on death 11 times of annualised premium.
Steps to Buy - Bajaj Allianz Life ACE
How this works?
- 01
Choose how you want to receive the proceeds of your Policy by selecting one or more options
- 02
Choose the premium that you wish to save every year
- 03
Choose how long you want to pay, when you want to start the benefits and for how long you want them.
Your insurance plan is now all set! SMS CLAIMS to 5616181
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