Bajaj Allianz

CashRich
Insurance Plan
Carefree retirement needs your attention now.

Contact Details Bajaj Allianz Life Insurance Company Limited, G.E. Plaza, Airport Road, Yerawada, Pune - 411 006. Tel: (020) 6602 6777. Fax: (020) 6602 6789. www.bajajallianz.com

SMS LIFE

56070

For any queries please contact:

BSNL/MTNL (Toll Free) 1800 22 5858 Any Mobile & Landline (Toll Free) 1800 209 5858 Other (Chargeble) <Prefix City Code> 3030 5858

Email: life@bajajallianz.co.in Chat: bajajallianzlife.co.in/chat

For More Information: Kindly consult our Insurance Consultant or call us today on the TOLL FREE numbers mentioned above. This brochure should be read in conjunction with the Benefit Illustration and Policy Exclusions. Please ask for the same along with the quotation.

Retire Rich

Life | Individual

Bajaj Allianz CashRich Insurance Plan is a Traditional Life Insurance Policy Insurance is the subject matter of the solicitation BJAZ-PB-0269/25-Nov-11

Policy Term

Bajaj Allianz CashRich Insurance Plan A plan that gives you benefits of regular cash

+ Bajaj Allianz CashRich Insurance Plan

A regular stream of income always helps, but when they are matched with your lifes goals, it leaves you with a smile. Welcome to Bajaj Allianz CashRich Insurance Plan, a plan that provides you cash benefits at three important stages of your life cycle.

Policy Commencement date

Premium Paying Term

Bonus Accrues during PPT Accrued Bonus shall be paid at the end of premium term

Cash Back Period Maturity Date

Cashback Benefit: 5% of the sum assured plus any cash bonus if any payable annually Maturity Benefit: Sum assured plus terminal bonus if any

+ Key Benefits of Bajaj Allianz CashRich Insurance Plan

The key features of this plan are: Get cash benefit in three tranches # Accumulated compound reversionary bonus on completion of premium payment term. # Cash Back benefit of 5% of the sum assured plus cash bonus, if any declared every year, during the cash back period and. # Sum Assured plus terminal bonus, if any on maturity of the policy. ! Flexibility to ! Select your policy term from 10 years to 65 years depending on your financial need. ! Select your limited premium paying term (PPT) from 5 years to 30 years, in multiple of 5 only. ! Pay your future premiums in advance and get benefit of appropriate discounts. ! Option to: # Keep your policy in-force for full sum assured for a period of two years, even if you miss to pay your premiums on due dates, provided you have paid at least 3 years premiums in full. # Convert your policy to a single premium term cover with return of premium (ROP) policy, if you miss to pay your premiums on duedates provided you have paid at least 5 years premiums in full. ! Get more value for money with attractive high sum assured rebate ! Optional riders to enhance your protection
!

In case of unfortunate death of the life assured during the premium payment term, the sum assured plus the accumulated compound reversionary bonus plus interim bonus, if any plus terminal bonus, if any, is payable to the nominee. On the happening of such death after the premium payment term but during the cash back period, irrespective of the Cash Back benefits paid to you before the death, the full sum assured plus the interim cash bonus, if any plus the terminal bonus, if any shall be payable to the nominee.

+ Definitions
1. Sum Assured: This is the benefit amount you need to choose at inception of the policy for receiving the cash back benefits, the maturity benefit and, if applicable, the surrender benefit under the plan. This is the minimum benefit amount payable upon death of the life assured. 2. Paid-Up Sum Assured: This is applicable when you discontinue the payment of premium under your policy after paying at least 3 years premiums in full. This amount is arrived at, as on due date of first unpaid premium, by multiplying the prevailing sum assured with the ratio of the number of premiums paid to the number of premiums payable under the policy. 3. Bonus: The Company will carry out annual valuation (as per the current IRDA regulation) at the end of each financial year and may declare following bonuses for the policies where all the due premiums have been paid. a. Compound Reversionary Bonus: This is a regular bonus expressed as a percentage and is applied to the sum assured and the compound reversionary bonus amount already attached to your policy. The compound reversionary bonus, once declared, shall vest in the policy immediately, provided all due premiums till date have been paid and shall be payable as part of the death benefit or as survival benefit at the end of the premium paying term. b. Interim Bonus: The Company may pay interim bonus as well for the policies, where any premium has been paid after the last valuation date and the death benefit or survival benefit (at the end of PPT) becomes payable before the next valuation date. c. Cash Bonus: After the premium paying term, the Company may declare a cash bonus as a percentage of the sum assured which will be payable along with the Cash Back benefits at the end of every policy year during the cash back period.

+ How does Bajaj Allianz CashRich Insurance Plan work?

Bajaj Allianz CashRich Insurance Plan is a limited premium payment, participating, anticipated, endowment plan. The whole policy term consists of two phases; a premium payment term and a cash back period, both selected by you at the inception of the policy. At the end of the premium payment term, the accumulated compound reversionary bonus shall be payable to you, followed by the payment of Cash Back benefit of 5% of the sum assured plus the annual cash bonus (if any as declared by the company), at the end of each policy year, till the end of the policy term. On maturity of your policy, full sum assured plus the terminal bonus, if any, is also payable to you.

d. Terminal Bonus: If your policy has completed 10 years or more and all due premiums have been paid, the company may pay a terminal bonus as well on the termination of the policy due to death or maturity.

+ Plan Parameters
Parameter Minimum Entry Age Maximum Entry Age Details 0 years (18 years for additional riders)

60 years (50 years for additional riders) Minimum Age at Maturity 18 years Maximum Age at Maturity 100 years Premium Paying Term 5, 10, 15, 20, 25 & 30 years, (maximum premium payment ceasing age is 65 years) Cash Back Period Policy Term Minimum Premium 5 to 35 years Minimum: 10 years Maximum: 65 years ` 8,000 per Yearly Installment ` 4,000 per Half-yearly Installment ` 2,000 per Quarterly Installment ` 750 per Monthly installment No Limit ` 100,000 No Limit Yearly, Half-yearly, Quarterly and Monthly. The monthly mode will be allowed for direct debit & through ECS only, and 3 installments need to be paid at the inception of the policy.

assured plus the cash bonus, if any, is payable till the end of the policy term; provided your policy is in-force or is paid-up and has not been converted to a single premium term cover with ROP. If the policy is paid-up or is in auto-cover, the Cash Back benefit will be 5% of the paid-up sum assured and any cash bonus as declared at the end of each policy year No Cash Back benefit shall be payable in case your policy is lapsed or has been converted to a single premium term cover with return of premium (ROP).

6 Maturity Benefit !

! !

Maximum Premium Minimum Sum Assured Maximum Sum Assured Premium Payment Frequency

If your policy is inforce for full sum assured, then, on the maturity date you will receive sum assured plus the terminal bonus, if any, as maturity benefit. However, if your policy is paid up, then, the maturity benefit shall be the paid- up sum assured. In case your policy is converted to a single premium term cover with return of premium (ROP), then, the maturity benefit shall be the single premium, as determined as on the date of such conversion. Your policy shall be terminated upon payment of the maturity benefit.

6 Death Benefit !

+ Frequency Factor Premium

The installment premium for the premium payment frequencies other than yearly mode is arrived at by multiplying the annual premium by the premium frequency factors, given below.
Premium frequency Frequency Factor (freq) Monthly 0.09 Quarterly 0.26 Half yearly 0.51 Yearly 1.00

+ High Sum Assured Rebate

We offer an attractive premium discount to you for choosing high sum assured. Your gross annual premium shall be reduced by `84 for every additional `10,000 sum assured you add under your policy over and above the minimum sum assured of ` 100,000 under the plan.
!

+are the benefits under the plan? What

6 Survival Benefit

At the end of the premium paying term, you will receive the accumulated compound reversionary bonus accrued during the premium paying term, provided your policy is in force or paid-up and has not been converted to a single premium term cover with return of premium (ROP). 6 Cash Back Benefit ! At the end of each policy year, after the completion of the premium paying term, Cash Back benefit equal to 5% of the sum

In case of unfortunate demise of the life assured during the premium paying term and provided all the due premiums have been paid, the company will pay the sum assured plus the applicable bonuses to the nominee. In case of unfortunate demise of the life assured during the premium paying term but the policy is in auto cover period, the company will pay the sum assured plus the applicable bonuses to the nominee after deducting all the due but unpaid premiums with applicable interest. In case of unfortunate demise of the life assured when the policy is paid-up, the company will pay the below mentioned death benefit to nominee : , Death during PPT: Paid-up sum assured plus the applicable bonuses. , Death during cash back period: Paid-up sum assured plus the interim cash bonus, if any. In case of unfortunate demise of the life assured after the premium paying term but during the cash back period, provided all due premiums have been paid, the company will pay the sum assured plus the interim cash bonus, if any, the terminal bonus, if any, to the nominee. In case of unfortunate demise of the life assured after the policy has been converted to a single premium term cover with return of premium (ROP), the Company will pay the revised

sum assured, i.e., the sum assured ascertained at the time of such conversion of the policy. ! No death benefit shall be payable in case the policy is lapsed. 6Surrender Value ! You will have the option to surrender your policy anytime after 3 years, provided at least 3 years premiums have been paid in full. ! The surrender value shall be higher of the Guaranteed Surrender Value (GSV) or the Special Surrender Value (SSV). ! The GSV is equal to 30% of the due premiums paid excluding the first years premium, premiums for all additional rider benefits, if any, and the extra premiums, if any. ! The SSV will be arrived at by multiplying the paid-up sum assured and the applicable bonus as on the date of surrender with the SSV factor. The SSV factors will be declared by the company from time to time ! However, if your policy has been converted to a single premium term cover with return of premium (ROP), the surrender value shall be determined as mentioned below: 1 surrender value will be the higher of the Guaranteed The Surrender Value and the Special Surrender Value with respect to the single premium term cover with return of premium (ROP). 1 guaranteed surrender value will be 30% of the single The premium (as determined as on date of such conversion to a single premium term cover with return of premium (ROP). 1 special surrender value will be based on the special The surrender value factor in respect of the single premium term cover with ROP, which will be applied on the said single premium. The factors will be declared by the company from time to time.

a) Bajaj Allianz Supplementary Death Benefit b) Bajaj Allianz Comprehensive Accidental Protection Benefit* c) Bajaj Allianz Family Income Benefit d) Bajaj Allianz Critical Illness Benefit e) Bajaj Allianz Hospital Cash Benefit

(UIN : 116B002V01) (UIN : 116C001V01) (UIN : 116B009V01) (UIN : 116C007V01) (UIN : 116C008V01)

(Please refer to Additional Rider Benefit brochures for more details) * The Bajaj Allianz Comprehensive Accidental Protection (CAP) rider includes the accidental death benefit, accidental permanent total/partial disability benefit and waiver of premium benefit.

+happens if you are unable to pay your premiums? What

!a) If you have not paid at least 3 years premiums in full, then, your

+ Flexibilities
Premium Payment Flexibility 6 have the flexibility to pay your premiums in advance in lump You sums and get discount on premiums that are paid in advance. The rate of discount will be declared by the company every financial year. The rate of discount for the FY 2010-11 is 7% p.a. compounding annually. 6 there is any advance premium paid, then, at the time of death If benefit payment or surrender value payment, such advance premiums which are paid-but-not-yet-due (without any interest) will be refunded to you. Additional Rider Benefits You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz CashRich Insurance Plan are:

policy will immediately & automatically lapse at the expiry of the grace period, and no benefits under the plan will be payable. You may revive the policy during the revival period of two (2) years from the due date of first unpaid premium, subject to the revival conditions under the plan. On expiry of the revival period, the policy will be terminated. b) If you have paid at least 3 years premiums in full and stopped paying subsequent premiums, then your policy will be subject to the following: i. Auto Cover ! Your policy shall remain in-force for full sum assured, except for the additional rider benefit(s), if any, for two (2) successive years (auto cover period) from the due date of first unpaid premium. ! You can restart paying your premiums anytime during the auto cover period by paying all due premiums with applicable interest. ! Bonuses shall accrue till the date of first unpaid premium only. ! Any death benefit payable during the auto cover period, shall be payable after deduction of all the due-but-unpaid premiums along with applicable interest. After premium are adjusted from death benefit any compound reversionary bonus due will be attached to the policy and will be payable with the death benefit. ! If the Cash Back Period starts before the expiry of the auto cover period, the auto cover period will be terminated and the policy will be converted to a paid-up policy, and benefits as per a paid-up policy shall be payable. ii. Paid-up Value ! If you fail to restart paying your premiums during the auto cover period, your policy shall be converted to a paid up policy on completion of the auto cover period ! On conversion to a paid-up policy, the sum assured will be reduced to the paid-up sum assured by multiplying the prevailing sum assured by the ratio of the number of premiums paid to the number of premiums payable. ! The vested bonuses as on the due date of first unpaid premium shall remain attached with your policy. No further bonus shall accrue during the premium paying term afterwards.

! If the paid-up sum assured plus vested bonus under the policy is

+ Revival
If your policy is lapsed due to non-payment of premium, you may revive the policy, subject to the following conditions: a) The application for revival is made within 2 years from the due date of the first unpaid premium. b) All the due premiums together with interest at such rate as the company may decide from time to time is paid. c) Satisfactory evidence of your good health, at your expense, is submitted; d) The revival of the policy may be on terms different from those applicable to the policy before it got lapsed depending upon the prevailing underwriting norms of the Company. e) The Company may at its sole and absolute discretion refuse to revive the Policy.

less than Rs. 1000, then the policy will be terminated immediately and any residual surrender value will be paid. ! During the Cash Back Period, Cash Back benefit equal to 5% of the paid-up sum assured along with any cash bonus (based on the paid-up sum assured) will be paid to you at the end of each policy year. ! On death during the premium paying term, the paid-up sum assured and the vested bonuses up to the due date of first unpaid premium will be payable as death benefit. If death happens during the Cash Back Period, the paid-up sum assured plus interim cash bonus,if any,will be paid as death benefit. The policy will terminate after the payment of death benefit. ! On the maturity date, the paid-up sum assured will be paid to you and the policy will terminate. c) If you have paid at least 5 years premiums in full and stopped paying subsequent premiums, then you may select one of the following options: i) Continue your policy as a paid-up policy and avail all benefits as described in the paid up section above, else ii) Opt to convert your policy into a single premium term cover with return of the single premium (ROP) by giving a written notice to the company at least 30 days before the end of the auto cover period. Such conversion shall result into the following: The sum assured for the single premium term cover with ROP will be determined using o The surrender value available as on the date of conversion and o The outstanding policy term (a whole number, rounded down). The term of the single premium term cover with ROP will be the outstanding policy term (as mentioned above) under the policy; subject to a maximum of 30 years and a minimum of 5 years. Such revised sum assured shall not exceed the original sum assured under the policy. Any residual surrender value available after adjusting for the single premium of single premium term cover with ROP will be paid-out to you immediately. If the single premium term cover with ROP cannot be allowed to you due to any reason, the policy will continue as a paid-up policy. In case you fail to choose and communicate to the Company about your desired option from i) and ii) above, the default option will be option i) above, wherein your policy shall continue as a paid-up policy. d) If the policy is lapsed or in auto-cover or paid-up or converted to single premium term cover with return of the single premium (ROP); the rider covers, if any, will be terminated immediately as on such conversion and no benefit in respect of riders will be payable.

+ Termination of the Policy

This Policy shall automatically terminate on the earlier occurrence of either of the following events: ! On full surrender of the policy. ! On expiry of the revival period, if three full years premiums have not been paid. ! On foreclosure, if the paid-up sum assured plus vested bonus is less ` 1,000. ! On foreclosure, if the outstanding loan plus loan interest becomes equal to the surrender value available under the policy. ! On the death of the life assured. ! On the maturity date

+ Period Grace
If the Policyholder has failed to make payment of the premium by the due date specified in the schedule, a grace period of one month (not less than 30 days) for premium payment frequencies other than monthly and 15 days, for monthly frequency is allowed. If the death of the life assured occurs during the grace period, the death benefit shall be payable under the policy as if the policy was in force for full sum assured after deduction of the outstanding premium and the rider premiums, if any, due as at that date.

+Access Policy Loan Fund

You have an option to take a loan under this plan during the premium paying term of the policy. The amount of loan will be equal to 80% of the surrender value as on the date of loan. The rate of interest applicable on the loan will be decided by the company from time to time. If the outstanding loan plus loan interest becomes equal to the surrender value available under the policy, then you will be informed about the same with a 30-days notice. If the full or part of the loan &/or loan interest

is not repaid, the policy will be terminated and no benefits under the policy will be available. On death or maturity, any outstanding loan plus loan interest will be recovered from the benefit payable.

+ 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 insurancein 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 premium 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.

+ Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act ! Death benefit, maturity benefit and the surrender value are eligible for tax benefits as per Section 10(10D) of the Income Tax Act. ! Premiums paid in respect of the Comprehensive accidental protection, hospital cash benefit and critical illness benefit will be eligible for tax benefits as per Section 80D of the Income Tax Act. Please check with your tax consultant on the implication of any advance premium that you will pay. In case of changes in to any relevant tax laws, the same will be applied from time to time.
!

+ 45 of the Insurance Act, 1938 SECTION

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 policyholder 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.

+ Free Look Period

Within 15 days from the date of receipt of the policy, you have the option to review the terms and condition and return the policy, if you disagree to any of the terms & conditions, stating the reasons for your objections. You will be entitled to a refund of the premium paid, subject only to a deduction of a proportionate rider premiums, if any, for the period on cover and the expenses incurred towards medical examination & stamp duty.

+ Exclusions
If the life assured attempts to commits suicide whether sane or insane, within one year from the date of commencement of risk or the date of revival of the policy, and results in death at any time due to the abovementioned attempt, the contract of insurance shall be void whether or not any beneficial interest has been created therein and all the premiums paid under the policy shall be refunded. The validity of the contract of insurance will be determined in accordance with the actual date of the Life Assureds attempt to commit suicide and not the date of intimation of death.

+ Why Bajaj Allianz Life Insurance?

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of expertise, stability and strength. This joint venture company incorporates global expertise with local experience. The comprehensive, innovative solutions combine the technical expertise and experience of Allianz SE, and indepth market knowledge and goodwill of Bajaj brand in India. Competitive pricing and quick honest response have earned the company the customer's trust and market leadership in a very short time. Bajaj Allianz CashRich Insurance Plan Bajaj Allianz Supplementary Death Benefit Bajaj Allianz Comprehensive Accidental Protection Benefit Bajaj Allianz Family Income Benefit Bajaj Allianz Critical Illness Benefit Bajaj Allianz Hospital Cash Benefit (UIN:116B009V01) (UIN:116C007V01) (UIN:116C008V01) (UIN:116N103V01) (UIN:116B002V01) (UIN:116C001V01)

+ Nomination and Assignment:

If you effect a policy on your own life, you need to nominate a person to receive the death benefit under the policy in the event of death of the life assured. This nomination shall be in accordance with Section 39 of the Insurance Act, 1938. You will also have right to assign your policy in accordance with Section 38 of the Insurance Act, 1938.