Bajaj Life ACE

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 & Benefits
Eligibility
Steps to Buy

Features & Benefits

Flexibility

Decide if you want an income or lump sum or both

Choice of Income

Choose to receive income from first month or after a fixed period based on your need.

Protection

Protect your loved ones with a life cover throughout the policy term, up to 100 years

Premium payment term

Choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years

Tax benefits^

On premiums paid and benefits received as per prevailing tax laws

Eligibility - Bajaj 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)	Min/ Max.	Min/ Max.
Plan benefits	Premium Payment Term (PPT)	Income Period(IP)	Deferment Period(DP)	Policy Term(PT)	Age at Entry	Age at Maturity
Early Income	5, 6, 7, 8, 9, 10, 12	IP = PT minus DP	0 to 5 years	Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100	With Goal Protection Benefit: 18 to 55 years Without GPB: 0 to 60 years	With Goal Protection Benefit: Upto Age 85 years Without GPB: Upto age 100 years
Deferred Income		Limited Term: 10, 15, 20, 25, 30 years Whole Life: till Age 85, till Age 100		Limited Term: 15 to 45 years Whole Life: Upto Age 85 or 100
Increasing Income
Wealth		NA	NA	Limited Term: 10 to 45 years* Whole Life: Upto Age 85 or 100

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% markup will be available on Benefit Sum Assured.
Income Period will commence after the end of Deferment Period.
Minimum premium: Rs. 25,000 p.a.
Maximum premium: No limit (subject to Board approved underwriting policy)
Minimum & maximum Sum Assured: 11 times of Annualised premium1
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

Disclaimer:

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 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 : Toll customer care number. 020-6712 1212. Bajaj Life ACE - (UIN- 116N186V03 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.

^{^}Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) 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.

^{^}1Annualised Premium is premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any

Axis Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0069. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of Bajaj Life Insurance Limited product is purely on voluntary basis. Axis Bank Ltd. Is not in the business of insurance and there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance Product. The Bank's trademark & logo displayed herein exclusively belongs to Axis Bank Ltd.

BJAZ-WC-ECNFLC-17415/25.

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 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