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 withdraw the monies invested in unit linked insurance products completely or partially till the end of
the fifth year.

WHY BAJAJ ALLIANZ LIFE INSURANCE?

Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Both enjoy a reputation of exper-
tise, 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
in-depth market knowledge and goodwill of “Bajaj brand” in India. Competitive pricing and quick honest re-
sponse have earned the Company the customer’s trust and market leadership in a very short time.
Bajaj Allianz Life Smart Wealth Goal III is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to
risks associated with the capital markets. The Policyholder is solely responsible for his/her decisions while
investing in ULIPs. Bajaj Allianz Life Insurance and Bajaj Allianz Life Smart Wealth Goal III 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. All Charges applicable shall be levied. The Policy document is the conclusive ev-
idence of contract and provides in details all the conditions and exclusions related to Bajaj Allianz Life Smart
Wealth Goal III.
 BAJAJ ALLIANZ LIFE SMART WEALTH GOAL III

Life is about making smart choices, so are savings. Especially when these choices are about your Life Goals.
Presenting Bajaj Allianz Life Smart Wealth Goal III, an insurance plan loaded with smart features like Life
cover, Return of Life Cover charge, Return of Allocation charge and multiple investment strategies to make
the most of your savings.

Bajaj Allianz Life Smart Wealth Goal III is a non-participating, individual, life, individual, Unit-linked Regular
Premium, Limited Premium & Single Premium payment plan. You can opt for any one of the three variants
mentioned below. The chosen variant cannot be changed during the term of the policy.
• Wealth
• Child Wealth
• Joint Life Wealth

For details of “Child Wealth” variant and “Joint Life Wealth” variant, please refer to the respective Sales Literatures

How this plan works?

In Bajaj Allianz Life Smart Wealth Goal III, Premiums paid by you, are saved, as per your chosen portfolio
strategy across the various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the
Fund, post deduction of Premium Allocation Charge. The Mortality charge and Policy Administration charge is
deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price/NAV.
 BAJAJ ALLIANZ LIFE SMART WEALTH GOAL III – WEALTH VARIANT

Key Advantages

Loyalty Benefits with option of Periodical Money Backs

` Fund Boosters
` Return of Allocation Charge (ROAC)

Return of Mortality Charge (ROMC)

Option to receive Maturity Benefit or Death Benefit in installments with Return Enhancer

Choice of five (5) investment portfolio strategies

Choice of fifteen (15) Funds

Option to reduce the Premium

Option to increase Premium paying term

Tax benefit may be as per prevalent tax laws

 BENEFITS PAYABLE

Maturity Benefit
Provided the Policy is in-force and the Life Assured is alive, the Maturity Benefit will be the Fund value as on
the date of maturity of your Policy.

Death Benefit

If all due Premiums are paid, then, in case of unfortunate death of the Life Assured during the Policy term,
the Death Benefit payable will be,
• Higher of, Prevailing Sum Assured# or Regular Premium Fund value(1)/Single premium fund value(2)
plus
• Higher of, Prevailing Top up Sum Assured or Top up Premium Fund value(3), if any.

The Death Benefit payable is subject to the Guaranteed Benefit## of 105% of the Total Premiums paid*, till the
date of death.

All the above is paid as on date of receipt of intimation of death at the Company’s office. The risk cover will
terminate on the date of intimation of death of the Life Assured.
#
Sum Assured: The Death Benefit shall be reduced to the extent of the non-systematic partial withdrawals made from the
regular/single premium fund during the two (2) year period immediately preceding the death of the life assured. There is no
impact due to partial withdrawals in Variant 2.
##
Guaranteed Benefit: is 105% of Total premium paid including any top premiums paid reduced to the extent of the non-sys-
tematic partial withdrawals made from the regular/single premium fund during the two (2) year period immediately preced-
ing the death of the life assured.
(1)
Regular Premium Fund Value is equal to the total Units in respect of limited/regular premiums paid under this policy
multiplied by the respective unit price on the relevant valuation date and
(2)
Single Premium Fund Value is equal to the total Units in respect of single premium paid under this policy multiplied by the
respective unit price on the relevant valuation date.
(3)
Top Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit
price on the relevant valuation date.
*Total Premiums Paid shall be: With limited or regular premium payment, sum of all regular/limited premiums and any
top-up premiums paid till date and In case of single premium payment, the single premiums paid and any top-up premiums
paid till date.
 Loyalty Benefits with option of Periodical Money Backs
The Company shall add Loyalty Benefits to the Regular Premium Fund value/Single premium fund value, pro-
vided all due Regular Premiums/Single premium have been paid up to date of each Loyalty Benefit.

At Policy inception, you may choose the option to take the Loyalty Benefits as Periodical Money Backs (through
systematic partial withdrawals), immediately after they have been added in the Regular Premium Fund Val-
ue/Single premium fund value. You may alter your choice to receive Periodical Money Backs any number of
times before the end of 10th Policy year.
You can opt out of this option any-time before the 10th policy year.
If this option to receive Periodical Money Backs has not been chosen at inception/opted out by 10th year, you
cannot receive the Loyalty Benefits again as Periodical Money Backs, and such Loyalty Benefits will remain in
the Regular Premium Fund Value/Single premium fund value.

The Loyalty Benefits available in the plan are as mentioned below:

Return of Premium Allocation Charge (ROAC): At the end of the 10th Policy year or the date of maturity
(whichever is earlier), the total of all the Premium Allocation charges4, deducted under the Policy will be add-
ed into the Fund as Loyalty Benefit..
4
The premium allocation charge is applicable till the 5th policy year.

Fund Boosters: At the end of 15thpolicy year and every 5th policy year thereafter till PT(maximum till 60th
policy year), Fund Booster as a percentage of the Average of the daily Regular Premium Fund value or the
average of the daily single premium fund values during the previous 3 years (including the current year) will
be added into the Fund as Loyalty Benefit.
The applicable percentages are as given in the table below.

End of Policy 15th 20th 25th 30th 35th 40th 45th 50th 55th 60th
Premium
Year year year year year year year year year year year
Regular/
Limited 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25%
Fund Booster premium
(%)
Single
2.00% 3.00% N/A
Premium
Note:
• Loyalty Benefits including Periodical Money Backs, if opted, will not be paid for a Surrendered, Discontinued or Policy con-
verted to Paid-up Policy.
• Amount of Loyalty Benefits will be allocated in Funds in the same proportion of the Fund value as at the date of addition
• There will not be any Loyalty Benefits with respect to any Top up Premiums paid or any Top up Premium Fund value
• ROAC will exclude any Goods & Service Tax/any other applicable tax with respect to the Premium Allocation charge deduct-
ed, subject to change in tax laws

Return of Mortality Charge (ROMC)

At the end of the Policy term, on the date of maturity of your Policy, the total amount of Mortality charges de-
ducted in respect of life cover provided throughout the Policy term, will be added back as ROMC, to the Fund
value. ROMC is not applicable in case of a Surrendered, Discontinued or Paid-up Policy, and will be payable
provided all due Regular Premiums/single premium under the Policy have been paid up to date.

Note:
1) ROMC will be allocated to the Fund(s) in the same proportion of the Fund value as on the maturity date
2) ROMC will be excluding any extra Mortality charge & or Goods & Service Tax/any other applicable tax levied on the Mortality
charge deducted, subject to changes in tax laws

Family Benefit

If any of your family member is an existing policyholder of Bajaj Allianz Life Insurance Company Limited, you
will be entitled to a family benefit.
The benefit will be paid to you on maturity and will be added into the regular premium fund value/single pre-
mium fund value as a percentage of the average of your previous three years daily regular/single premium
fund value.
The percentage of family benefit will depend upon the policy term opted by you:

Policy Term %age family benefit

<20 years 0.5%
>=20 years 1%
There will not be any family benefit for Top-up premiums paid.
The amount of Family Benefit will be allocated in the funds in the same proportion of the fund values as at the
date of addition. Also no Family Benefit will be available on the discontinuance or paid-up of the policy
Family member shall mean spouse, children, brothers, sisters, grandchildren, parents, parents in-laws; and
will be available to family members of existing customers including who have matured policies
 Riders available
You have an option to enhance your protection by opting for rider available in the variant.
• Bajaj Allianz Life Linked Accident Protection Rider UIN: 116A055V01

Please refer to respective rider sales literature or visit the insurance company’s website or consult your in-
surance consultant for more details and eligibility condition.

Sample Illustration

Pawan is 35 years old and has various LifeGoals to be achieved. He has taken a Bajaj Allianz Life Smart
Wealth Goal III Policy (Wealth Variant) to meet his LifeGoals for a Policy Term of 20 years. He is paying an
Annual Premium of Rs 1 lac for a payment term of 10 years with a Sum Assured of Rs 10 Lacs. The total pre-
mium paid by Pawan is 10,00,000. Let’s see the benefits available under the Policy.

At the end of At the end of

At the end of 20th year
10th year 15th year
At
Return of Total Benefit
investment Return of Mor-
Allocation vFund Boost- Fund Booster Maturity Benefit [A+B+C]
return6 tality Charge
Charge er [A] (Fund value) [C]
(ROMC) [B]
(ROAC)

of 8% 30,000 16,986 29,159 4,635 25,48,408 25,82,202

of 4% 30,000 11,990 17052 5,437 14,12,101 14,32,590

Death Benefit:
In case of Pawan’s unfortunate death on the 17th year, the Death Benefit, based on the assumed investment
returns, are as per the table given below.

At the end of 10th year At the end of 15th year

At investment Death Benefit at 17th
Return of Allocation
return6 Fund Booster year
Charge (ROAC)
of 8% 30,000 16,986 21,18,294
of 4% 30,000 11,990 13,14,564
The Death Benefit is subject to a minimum of the guaranteed benefit, which is 105% of the total Premiums
paid, till the date of death.
All figures are in rupees. The returns indicated at 4% and 8% are illustrative and not guaranteed, subject to Policy terms & conditions and
do not indicate the upper or lower limits of returns under the Policy.
6
The above illustrations are considering investment is in the “Pure Stock Fund II and Goods & Service Tax of 18%”

Eligibility table
Parameter Details
0 year
Minimum Entry Age In case of minor life, the risk cover will commence immediately on date of commence-
ment of Policy and the Policy will vest on the attainment of majority (age 18 years)
Regular/ Limited Premium: 60 years
Maximum Entry Age
Single Premium: 70 years
Minimum Age at Maturity 18 years
Regular/ limited premium: 99 years
Maximum Age at Maturity
Single premium: 90 year
Regular/ Limited Premium: 10 years to 60 years
Policy Term
Single Premium: 10 years to 20 years
• Single Pay
• Limited/ Regular Premium
Premium Paying Term For maturity age less than or equal to 85 years: 5 years to PT chosen
For maturity age greater than 85 years: 10 years to PT chosen
Maximum Premium Payment Term cessation age is 85 years
Frequency Yearly Half-yearly Quarterly Monthly
Single premium Rs.48000
Minimum Premium Regular/Limited Premi-
12,000 6,000 3,000 1,000
um (in Rs.)
Quarterly & Monthly Premium payment frequency will be available under auto-deb-
it options as approved by RBI
Maximum Premium No Limit
Premium Payment Frequency Yearly, Half-yearly, Quarterly and Monthly
Regular/ Limited Premium:
Minimum: 7 times Annualized Premium
Maximum: 10 times Annualized Premium
Minimum & Maximum Sum
Assured
Single Premium:
Minimum: 1.25 times single premium
Maximum: maximum sum assured will be based on policy term and age:
 Parameter Details
Age SA multiple
10 times SP for policy term <=10 years
<=40 years
1.25 times SP for policy term > 10 years
>40 years 1.25 times SP
Minimum Top up Sum Assured Single/ Regular/ Limited: 1.25 times Top up Premium
Regular/ Limited Premium: 10 times Top up Premium
Maximum Top up Sum Assured
Single Premium: 1.25 times Top up Premium

Age calculated is age as at the last birthday

Prevailing Sum Assured is based on the prevailing Annualized Premium* and Prevailing Top up Sum Assured is based on Top
up Sum Assured amount
*Annualised Premium means the premium amount payable in a year excluding the taxes, rider premiums and
underwriting extra premium on riders, if any.
SP: Single Pay

Policy Features

Surrender Value
You have the option to surrender your Policy at any time.
i. On surrender during the lock-in period of first five years of your Policy, the Fund value, less the Discontin-
uance/Surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy
Fund, and all risk covers will cease immediately. The option to revive the policy will not be available to
such a surrendered policy. The Discontinued value as at the end of the lock-in period will be available to
you as Surrender Value.
ii. On surrender after the lock-in period of first five years of your Policy, the Surrender Value available will
be Regular Premium Fund value/Single premium fund value, along with Top up Premium Fund value, if
any as on the date of surrender, and will be payable immediately.
iii. The Policy shall terminate upon payment of the Surrender Value by the Company.

Investment Options and Funds

Bajaj Allianz Life Smart Wealth Goal III provides you with five unique portfolio strategies, out of which any one
can be chosen at the inception of your Policy:
• Investor Selectable Portfolio Strategy
• Wheel of Life Portfolio Strategy II
• Trigger Based Portfolio Strategy II
• Auto Transfer Portfolio Strategy
• Capital Preservation-Oriented Strategy

a) Investor selectable Portfolio Strategy: If you want to allocate your Premiums based on your personal
choice and decision, you can opt for this strategy and choose from among the fifteen (15) Funds below to
suit your investment needs.
i. Equity Growth Fund II Risk Profile – Very High (SFIN: ULIF05106/01/10EQTYGROW02116)
The investment objective of this Fund is to provide capital appreciation through investment in selected
equity stocks that have the potential for capital appreciation.
Portfolio Allocation:
Equity Not less than 60%
Bank deposits 0% to 40%
Money market instruments Cash, Mutual Funds7 0% to 40%

ii. Accelerator Mid-Cap Fund II Risk Profile – Very High (SFIN: ULIF05206/01/10ACCMIDCA02116)
The investment objective of this Fund is to achieve capital appreciation by investing in a diversified basket
of mid cap stocks and large cap stocks.
Portfolio Allocation:
Equity Not less than 60%, Out of the equity
investment at least 50% will be in mid
cap stocks
Bank deposits 0% to 40%
Money market instruments Cash, Mutual Funds7 0% to 40%

iii. Pure Stock Fund Risk profile - Very High (SFIN: ULIF02721/07/06PURESTKFUN116)
The investment objective of this Fund is to specifically exclude companies dealing in Gambling, Contests,
Liquor, Entertainment (Films, TV etc.), Hotels, Banks and Financial Institutions.
Equity Not less than 60%
Bank Deposits 0% to 40%
Money market instruments Cash, Mutual Funds7 0% to 40%
iv. Pure Stock Fund II Risk profile - Very High (SFIN:ULIF07709/01/17PURSTKFUN2116)
The investment objective of this Fund is to specifically exclude companies dealing in Gambling, Contests,
Liquor, Entertainment (Films, TV etc.), Hotels, Tobacco & Tobacco related institutions.
Portfolio Allocation:
Equity Not less than 75%
Money market instruments Cash, Fixed Deposits, 0% to 25%
Mutual Funds7

v. Asset Allocation Fund II Risk Profile – High (SFIN: ULIF07205/12/13ASSETALL02116)

The investment objective of this Fund will be to realize a level of total income, including current income
and capital appreciation, which is consistent with reasonable investment risk. The investment strategy will
involve a flexible policy for allocating assets among equities, bonds and cash. The Fund strategy will be to
adjust the mix between these asset classes to capitalize on the changing financial markets and economic
conditions. The Fund will adjust its weights in equity, debt and cash depending on the relative attractiveness
of each asset class.
Portfolio Allocation:
Equity 40% - 90%
Debt, Bank deposits & Fixed Income Securities 0% - 60%
Money market instruments 0% - 50%

vi. Bluechip Equity Fund Risk Profile –High (SFIN: ULIF06026/10/10BLUECHIPEQ116)

The investment objective of this Fund is to provide capital appreciation through investment in equities form-
ing part of NSE NIFTY.
Portfolio Allocation:
Equity Not less than 60%
Bank Deposits 0% to 40%
Money market instruments Cash, Mutual Funds7 0% to 40%

vii. Bond Fund Risk Profile – Moderate (SFIN: ULIF02610/07/06BONDFUNDLI116)

The investment objective of this Fund is to provide accumulation of income through investment in high quality
fixed income securities.
Portfolio Allocation:
Debt and debt related securities incl. Fixed deposits 40 to 100%
Money market instruments, Cash, Mutual Funds7 0% to 60%
viii. Liquid Fund Risk Profile – Low (SFIN: ULIF02510/07/06LIQUIDFUND116)
The objective of this Fund is to have a Fund that aims to protect the invested capital through investments in
liquid money market and short-term instruments.
Portfolio Allocation:
Bank deposits and Money Market Instruments 100%

ix. Flexi Cap Fund Risk Profile – Very High (SFIN: ULIF07917/11/21FLXCAPFUND116)
To achieve capital appreciation by investing in a diversified basket of stocks across market capitalizations i.e.
Large cap, mid cap and small cap
Portfolio Allocation:
Equity and Equity related Instruments 65% - 100%
Cash, Bank deposits, Liquid Mutual funds# and money 0% - 35%
market instruments

x. Sustainable Equity Fund Risk Profile – Very High (SFIN: ULIF08017/11/21SUSEQUFUND116)

To focus on investing in select companies from the Investment universe, which conduct business in socially
and environmentally responsible manner while maintaining governance standards
Equity & Equity related instruments 65% - 100%
Cash, Bank deposits, Liquid Mutual funds#, money 0% - 35%
market instruments

xi. Small Cap Fund Risk Profile- Very High (SFIN: ULIF08717/01/23SMALLCAPFU116)
To achieve capital appreciation by investing in a diversified basket of predominantly* small cap stocks.
Portfolio Allocation:
Equity#2 65%- 100%
Bank deposits, money market instrument and mutual 0%- 35%
funds

xii. Dynamic Asset Allocation Fund Risk Profile- High (SFIN: ULIF08617/01/23DYNASALLOC116)
The investment objective of this fund will be to realize a steady stream of current income and as well as gen-
erate capital appreciation with appropriate risk and return expectations of the asset classes. The investment
strategy would involve a flexible asset allocation among fixed income and equity securities based on the out-
look for each of these asset classes.
Portfolio Allocation:
Portfolio Allocation:
Equity and Equity related instrument 10% - 90%
Debt and Debt related instrument 10% to 90%
Money Market Instrument 0% - 80%

xiii. Individual Short Term Debt Fund Risk Profile- Moderate (SFIN: ULIF08817/01/23INDSTRMDBT116)
To provide stable returns through investment in various fixed income securities
Portfolio Allocation:
Debt and Debt related instruments 40% - 100%
Money Market instruments 0% - 60%
7
The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.
#
7The maximum investment in Liquid mutual funds shall be governed by the relevant IRDAI guidelines.
#
2 minimum 60% in small cap stocks, Market-cap exposure is based on equity exposure re-scaled to 100%

xiv. Midcap Index fund Risk Profile: Very High (SFIN: ULIIF08919/10/23MIDCPINDFD116)
To provide capital appreciation through investment in equities forming part of Nifty Midcap 150 Index
Portfolio Allocation
Equity & Equity related instruments 65% - 100%
Cash, Bank Deposits, Liquid Mutual Funds and Money 0% - 35%
Market Instruments

xv. SmallCap Quality Index Fund Risk Profile: Very High (ULIF09103/01/24SMCPQYINDF116)
To provide capital appreciation through investment in equities forming part of Nifty SmallCap 250 Quality 50
Index.
Portfolio Allocation
Equity & Equity related instruments 65% - 100%
Cash, Bank Deposits, Liquid Mutual Funds and Money 0% - 35%
Market Instruments
7
The maximum investment in mutual Funds shall be governed by the relevant IRDAI guidelines.

• You can choose one or more investment Funds within the Investor selectable Portfolio Strategy.
• You have the option to switch units from one Fund to another, by giving written notice to the Company.
• The Company may add, close, merge, modify or consolidate the Funds under this Policy with prior approval
from the IRDAI.
 b) Wheel of Life Portfolio Strategy - II:

• This strategy provides you with “Years to maturity based portfolio management”.
• You can opt for this Portfolio Strategy at the commencement of the Policy or can switch
to this Portfolio Strategy at any subsequent Policy Anniversary by giving a written notice
to the Company 30 days in advance.
• If you have opted for this Portfolio Strategy at the commencement of the Policy, the Reg-
ular/Limited/single Premium and the Top up Premium, if any, would be allocated in the
Funds mentioned (namely Equity Growth Fund II, Accelerator Mid-Cap Fund II, Bond Fund
& Liquid Fund) in the proportion as mentioned in the table below, depending on the out-
standing years to maturity.
• If you have switched to this Portfolio Strategy at any subsequent Policy Anniversary:
` The company will reallocate the Regular Premium Fund value/Single premium fund
value and Top up Premium Fund value among various Funds in the proportion men-
tioned in the table below depending on the outstanding years to maturity of the Policy.
` The Regular/Limited Premiums and Top up Premiums, if any paid in that particular
Policy year will also be allocated in the same proportion.
• On each Policy Anniversary, the company will reallocate the Regular Premium Fund val-
ue/Single premium fund value and Top up Premium Fund value among various Funds in
the proportion based on the outstanding years to maturity of the Policy.
• All allocation & de-allocations of units shall be based on the prevailing unit price/NAV.
• This will ensure that a balance is maintained between the Policyholder’s “years to matu-
rity” and level of risk on investments to optimize the returns.
• The Premium (Regular/Limited/single and Top up Premium, if any) and Fund value (Reg-
ular Premium Fund value/single premium fund value and Top up Premium Fund value)
allocation/reallocation will be as follows:
 Proportion in Following Funds
Years to
Maturity Equity Growth Accelerator Mid-Cap Bond Liquid
Total
Fund II Fund II Fund Fund
10 & Above 40% 45% 15% 0% 100%
9 35% 50% 15% 0% 100%
8 30% 55% 15% 0% 100%
7 25% 60% 15% 0% 100%
6 25% 60% 15% 0% 100%
5 20% 65% 15% 0% 100%
4 20% 55% 15% 10% 100%
3 20% 50% 15% 15% 100%
2 10% 30% 30% 30% 100%
1 0% 0% 35% 65% 100%
• You will not have the option to switch units or change the apportionment of Premium to
various Funds, under the Wheel of Life Portfolio Strategy - II.
• You can switch out of this Portfolio Strategy at any Policy Anniversary by giving a written
notice to the Company 30 days in advance.
• In case of Partial withdrawal, the withdrawal of units from each Fund will be done in the
same proportion as the value of the Units held in that Fund as on date of withdrawal. You
will not have any choice to opt the Fund from which the partial withdrawal of units is to
be done.

c) Trigger Based Portfolio Strategy II:

• You can opt for this Portfolio Strategy at the commencement of the Policy
• Under this Portfolio Strategy, Regular/Limited/Single Premium and Top up Premiums if
any, (after any Premium Allocation charge) will be allocated between two Funds, Equity
Growth Fund II (an equity-oriented Fund), and Bond Fund (a debt-oriented Fund), in a 75%:
25% proportion.
• The Fund value proportions may subsequently get altered due to market movements. On
the pre-defined trigger event mentioned below, the Funds will be re-balanced or reallo-
cated.
• The trigger event is a 15% upward or downward movement in unit price/NAV of Equity
Growth Fund II or in the unit price/NAV of the Bond Fund, since the previous rebalancing
or from the unit price/NAV at the inception of the Policy, whichever is later.
• On the occurrence of the trigger event of 15% upward movement with respect to:
` The Equity Growth Fund II, any value of units in Equity Growth Fund II which is in excess
of three times the value of units in Bond Fund is considered as gains and is switched
to the Liquid Fund - by redemption of appropriate units from Equity Growth Fund II.
` The Bond Fund, any value of units in Bond Fund which is in excess of three times the
value of units in Equity Growth Fund II is considered as gains and is switched to the
Liquid Fund - by redemption of appropriate units from Bond Fund.
• On the occurrence of the trigger event of 15% downward movement with respect to the
Equity Growth Fund II or the Bond Fund, units in the Liquid Fund, if any, will be switched
to the Equity Growth Fund II and the Bond Fund such that, after transfer, the ratio of the
value of units in the Equity Growth Fund II to that in the Bond Fund is restored to 75%:25%,
to the extent possible and subject to availability of units in the Liquid Fund.
• This ensures that such gains are capitalized and protected from future equity market
fluctuations, while maintaining the asset allocation between Equity Growth Fund II and
Bond Fund at 75%:25%.
• You can switch out of this Portfolio Strategy at any Policy Anniversary by giving a written
notice to the company 30 days in advance.

d) Auto Transfer Portfolio Strategy:

• This strategy helps you to save your money in a systematic way by automatically trans-
ferring your money every month, from low risk Fund to Fund(s) of your choice.
• You can opt for this Portfolio Strategy at the commencement of the Policy or can switch to
this Portfolio Strategy at any subsequent Policy Anniversary by giving a written notice to
the Company 30 days in advance.
• In this Portfolio Strategy, your Premium will be allocated in Bond Fund and / or Liquid
Fund, as specified by you
• At the start of each monthly anniversary of the Policy, a proportion (as mentioned below)
of Fund value in the Bond Fund and/or Liquid Fund as on that date will be switched to the
 other Fund/s (available in the plan) as specified by you.
• The proportion to be switched will depend upon the number of outstanding months till the
next Premium due date. The proportion would be as mentioned below:

Outstanding no. of
months till the next 11 10 9 8 7 6 5 4 3 2 1
Premium due date
Proportion of Fund
1/11 1/10 1/9 1/8 1/7 1/6 1/5 1/4 1/3 1/2 1
value

• The strategy will not be available if you have opted for monthly mode of premium pay-
ment.
• You can opt out of this Portfolio Strategy at any subsequent Policy Anniversary by giving
a written notice to the Company 30 days in advance.

e) Capital Preservation-Oriented Strategy:

• This strategy can be opted only at the inception of the Policy. This strategy can be opted
only if Policy term is at least 10 years, and the minimum difference between the Policy
term and Premium payment term is at least 5 years
• The objective of the strategy is to optimise risk and return, by investing across five
pre-determined Funds, which are a mix of very high to low risk Funds, in such a way that
the monies invested over the years along with the accumulated returns are subjected to
lesser market volatility, in the years closer to maturity. However, the strategy does not
provide any minimum guaranteed maturity benefit.
• Under this strategy, at the commencement of the policy, the Regular/limited/single Pre-
mium and the Top Up premium, if any, would be allocated in the Funds mentioned (namely
Equity Growth Fund II, Accelerator Mid-Cap Fund II, Pure Stock Fund II, Bond Fund & Liquid
Fund) in the proportion as mentioned in the table below.
• At each policy anniversary, the Company will reallocate the Fund Value among various
funds in the proportion based on the table below, depending on the outstanding years to
maturity.
 Years to Equity Accelera-
Pure Stock
Maturity (in Growth tor Midcap Bond Fund Liquid Fund Total
Fund II
years) Fund II Fund II
10 & above 40% 15% 15% 30% 0% 100%
9 35% 15% 15% 35% 0% 100%
8 30% 15% 15% 40% 0% 100%
7 30% 15% 15% 40% 0% 100%
6 30% 10% 15% 45% 0% 100%
5 25% 10% 15% 40% 10% 100%
4 20% 5% 10% 40% 25% 100%
3 15% 0% 5% 40% 40% 100%
2 0% 0% 0% 40% 60% 100%
1 0% 0% 0% 0% 100% 100%

• All allocation & de-allocations of units shall be based on the prevailing unit price/NAV.
• You can switch out of the strategy by giving a written notice to the Company 30 days in ad-
vance. However, once switched out, switching back into the strategy again is not allowed.
• You will not have the option to switch units or choose Premium apportionment to various
Funds, under the Capital Preservation Oriented Strategy
• In case of Partial withdrawal (systematic or non- systematic), the withdrawal of units
from each Fund will be done in the same proportion as the value of the units held in that
Fund as on date of withdrawal. You will not have any choice to opt the Fund(s) from which
the partial withdrawal of units is to be done.

Partial withdrawal (Non-Systematic)

You have the option to make partial withdrawals, any time after the fifth Policy year, subject
to the following conditions:

a) Under variant 1- Limited/Regular premium payment

` On partial withdrawals, eligible Top up units would be en-cashed first on First in First
out (FIFO) basis before allowing partial withdrawals from the Regular Premium Fund
value
 ` For the purpose of partial withdrawals, each payment of Top up Premium shall have a
lock-in period of five years
` For Regular/ Limited premium, the Regular Premium Fund value should not fall below
four times of the Prevailing Annualized Premium, across all Funds, after a non-sys-
tematic partial withdrawal

b) Under Variant 1- Single premium

` For single premium, the single premium fund value must have a minimum balance of
1/5th of the single premium
• The minimum amount of non-systematic partial withdrawal at any one time is Rs. 5,000/-
• The maximum amount of non-systematic partial withdrawal allowed at any one time is
10% of the Total Premiums Paid, as on the withdrawal request date
• A maximum of two non-systematic partial withdrawals can be made in any one Policy
year
• The total amount withdrawn through-out the Policy Term through non-systematic partial
withdrawal cannot exceed 50% of the total Premiums paid
• The time gap between any two non-systematic partial withdrawals cannot be less than
three months
• The company shall affect the partial withdrawal by redeeming units from the Fund(s) at
their respective unit price/NAV
• A partial withdrawal shall not be allowed if it will result in foreclosure of the Policy con-
tract.
• In case of minor life, partial withdrawal is allowed after attaining age 18 years.
• No charges would be levied for Partial Withdrawal.
• In Wheel of Life Portfolio Strategy II or the Capital Preservation-Oriented Strategy, you
will not have option of choice of Fund(s) to withdraw from. The partial withdrawal will be
in the same proportion as the Fund values in each Fund. In other portfolio strategies, you
will have the option to choose the Fund(s) you want to do partial withdrawals from.
• The Company reserves the right at any time and from time to time to vary the minimum/
maximum value of units to be withdrawn, charge on partial withdrawal, maximum num-
ber of withdrawals allowed during a Policy year, maximum amount of total withdrawal
allowed during the Policy Term, minimum time gap to maintain between two withdrawals
 and/or the minimum balance of value of units to be maintained after such partial with-
drawals, by giving written notice of three months in advance, subject to prior approval
from IRDAI
Systematic Partial withdrawal (Periodical Money Backs)

• You will have the option at the inception of the Policy to choose to take out the Loyalty
Benefits as Periodical Money Backs by way of systematic partial withdrawal. You can opt
out of this before the 10th Policy year when the first Loyalty Benefit becomes due. Once
opted out you cannot receive the Loyalty Benefits again as Periodical Money Backs and
such Loyalty Benefits will be added in the Regular Premium Fund Value/ Single premium
fund value.
• You will also have an option to take these Periodical Money Backs in one-lump sum or
over a period of 12 continuous months. In case of monthly frequency amount of Loyalty
Benefit per month would be (Loyalty Benefit/12)
• On partial withdrawals, eligible Top up units would be en-cashed first on First in First out
(FIFO) basis before allowing partial withdrawals from the Regular Premium Fund value
• For the purpose of partial withdrawals, each payment of Top up Premium shall have a
lock-in period of five years
• Company shall affect the partial withdrawal by redeeming units from the Fund(s) at their
respective unit price/NAV
• A partial withdrawal shall not be allowed if it will result in foreclosure of the Policy
• In Wheel of Life Portfolio Strategy II or Capital Preservation-Oriented Portfolio Strategy,
you will not have option of choice of Fund(s) you can withdraw from. The partial withdraw-
al will be in the same proportion as the Fund values in each Fund. In other portfolio strat-
egies, you will have the option to choose the Fund(s) you want to do partial withdrawals
from
• No charges would be levied for Partial Withdrawal
• The Company reserves the right at any time and from time to time to vary the minimum
time gap to maintain between two withdrawals and/or the minimum balance of value of
units to be maintained after such partial withdrawals, by giving written notice of three
months in advance, subject to prior approval from IRDAI
 Option to pay Top up Premiums

a) You have the option to pay Top up Premiums at any time, except during the last five Policy
years, over and above the Regular/Limited/Single Premiums payable, provided all due
Regular/Limited/Single Premiums have been paid. The Top up Premiums would be treat-
ed as a Single Premium.
b) The amount of Top up Premium paid shall determine the Top up Sum Assured. The Top up
Sum Assured will be as per the minimum and maximum Sum Assured allowed under the
plan.
c) The minimum Top up Premium payable is `5,000, subject always to the company’s right
to increase this minimum payable from time to time subject to approval from the IRDAI.
d) At any point of time during the currency of the contract, the total Top up Premiums paid
shall not exceed the sum total of the Regular/Limited Premiums paid.
e) The Company reserves the right to disallow a Top up Premium based on the board ap-
proved underwriting policy.
f) Top up Premiums once paid cannot be withdrawn from the Fund for a period of 5 years
from the date of payment of the Top up Premium, except in case of complete surrender of
the Policy.

Premium Apportionment – Only under the Investor Selectable Portfolio Strategy

a) You will have the choice to apportion the allocated Premium into the Funds available in
the plan. You can specify the proportion of the regular/limited/Single / Top up Premium
between the various Funds you want to save in.
b) You may, at any time, change the proportion of regular/limited/Single / Top up Premium
to the Funds you wish to pay.
c) The Premium proportion to any Fund in which you wish to invest must be at least 5% of
the regular/limited/ Single/ Top up Premium. The company will reserve the right to re-
vise the minimum apportionment percentages upon giving written notice of not less than
three months subject to obtaining clearance from the IRDAI.
d) Miscellaneous charge, as mentioned in table of charges, will be applicable if the Premium
apportionment is altered.
 Switching between Funds -- Only under the Investor Selectable Portfolio Strategy

• You can switch units from one Fund to another at any time (even during the Systematic
Partial Withdrawal period), by giving written notice to the company, other than in a Dis-
continued Life Policy.
• You can make unlimited free switches
• The minimum switching amount is Rs. 5,000 or the value of units held in the Fund to be
switched from, whichever is lower
• The company shall affect the switch by redeeming units from the Fund to be switched
from and allocating new units in the Fund being switched to at their respective unit price/
NAV
• Switching between Funds is not allowed when Wheel of Life Portfolio Strategy II, Trigger
Based Portfolio Strategy II, Capital Preservation-Oriented Strategy or Auto Transfer Port-
folio Strategy is opted for.

Switching of Portfolio Strategy

You may, at any Policy anniversary, switch out from any of the five unique portfolio strategies
i.e. Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based
Portfolio Strategy II, Auto Transfer Portfolio Strategy or Capital Preservation-Oriented Strat-
egy and switch into anyone of the following three strategies and vice-versa, by giving 30 days
written notice prior to the Policy Anniversary -
` Investor Selectable Portfolio Strategy
` Wheel of Life Portfolio Strategy II
` Auto Transfer Portfolio Strategy
• Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy can be
opted for only at inception. Once you have opted out of Trigger Based Portfolio Strategy
II and Capital Preservation-Oriented Strategy, you cannot switch into the Trigger Based
Portfolio Strategy II and Capital Preservation-Oriented Strategy again during the term of
the Policy
• On switching into the Investor Selectable Portfolio Strategy from any of the other Port-
folio Strategy, the existing Funds and the new Premiums paid will be allocated into the
Fund(s) of your choice.
• On switching out of the Investor Selectable Portfolio Strategy to Wheel of Life Portfolio
Strategy II or Auto Transfer Portfolio Strategy the existing Funds and the new Premiums
paid will be allocated as per the respective Portfolio Strategy.
• Miscellaneous charge, as mentioned in Table of Charges, will be applicable

Premium payment frequency

You can opt to alter your Regular/Limited Premium payment frequency any time, to any oth-
er Premium payment frequency (i.e., yearly, half-yearly, quarterly or monthly), provided the
existing & requested Premium payment frequencies can be aligned and subject to minimum
Premium limits under the plan.

Premium frequency Monthly Quarterly Half yearly Yearly

Frequency Factor (freq) 1/12 1/4 1/2 1
Quarterly & Monthly Premium payment frequency will be available under auto-debit options
as approved by RBI
Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable
for the option.

Option to change the premium payment term (PPT)

• You have an option to change the premium payment term in-case of limited/regular pre-
miums
• The change in premium payment term will be applicable only after a period of 5 years
• The option can be exercised only after the payment of first 5 policy years full premium
and provided all due premiums have been paid till date. The option must be exercised
before the expiry of the Prevailing Premium Payment Term.
• The increase or decrease in PPT is subject to the premium payment term and policy term
combination available under the plan
• The option to change PPT can be exercised provided all due premiums have been paid till
date
• The change will be subject to the prevailing Board Approved Underwriting Policy (BAUP)
 Option to reduce the Regular/Limited Premium

• You will have the option to reduce the prevailing Regular/Limited Premium under the
Policy after the first five Policy years.
• The reduction can be up to a maximum percentage of 50% of the Regular/Limited Pre-
mium at the inception of the Policy, subject to the minimum premium allowed under the
plan.
• Once reduced, the same cannot be increased, even to the extent of the Regular/Limited
Premium at inception of the Policy.
• On receipt of the reduced Regular/Limited Premium, the prevailing Sum Assured under
the Policy will be correspondingly reduced.
• Miscellaneous charge, as mentioned in Table of Charges, will be applicable

Option to decease the Sum Assured (Applicable only for a Top up Sum Assured)

• You will have the option to reduce the Top up Sum Assured under the Policy at any time,
subject to the minimum Top up Sum Assured amount permitted under this Policy
• Once reduced, the Top up Sum Assured cannot be increased, even to the extent of the
original Top up Sum Assured
• The Mortality Charge will be based on the revised Top up Sum Assured from the next
Monthly Due Date.
• Miscellaneous Charge, as mentioned table of charges, will be applicable for this alter-
ation

Settlement Option

Option to take Maturity Benefit in instalments -

a. You will have the option to receive the Maturity Benefit in installments (payable yearly,
half yearly, quarterly or monthly) spread over a maximum period of five years
b. The Policy monies will continue being invested in the same Fund(s) and in the same pro-
portion as on the Maturity date. However, you have the option to switch Fund(s)
c. The first instalment will be payable on the Maturity Date
d. The amount paid out to you in each installment will be the outstanding Fund value, as
at that installment date divided by the number of outstanding installments, hiked-up by
0.5%. Therefore, each installment is equal to [Fund value / No. of Outstanding Installment]
* 1.005. The hike-up is called the Return Enhancer, which is an additional benefit to you
e. Installment payment will be made by redeeming units from the Funds at the unit price/
NAV applicable on the installment date
f. Savings risk during the settlement period will be borne by you
g. During this period, in case of death of the Life Assured, the Death Benefit, which will be
higher of 105% of Total Premiums paid or outstanding Fund value, will be paid as a lump-
sum to the nominee and the Policy will be terminated.
h. No partial withdrawals are allowed during the settlement period
i. Only Fund management charge and Mortality charge shall be applicable during the set-
tlement period
j. Alternatively, you will have an option to withdraw the Fund value completely, anytime
during the settlement period. The Fund value will be calculated as the total number of
outstanding units in the Policy multiplied by the unit price/NAV as on date of complete
withdrawal

Option to take Death Benefit in instalments -

a. In case of death of the Life Assured during the Policy Term, the nominee will have the
option to receive the Death Benefit in installments (payable yearly, half yearly, quarterly
or monthly) spread over a maximum period of five years.
b. The Death Benefit will be unitized in the same Fund(s) and in the same proportion as on
the date of intimation of death. However, the nominee has the option to switch Fund(s)
c. The first instalment of the Death Benefit will be payable on the date of intimation of death
d. The amount paid out to the nominee in each installment will be the outstanding Fund
value, as at that installment date divided by the number of outstanding installments,
hiked-up by 0.5%. Therefore, each installment is equal to [Fund value / No. of Outstanding
Installment] * 1.005. The hike-up is called the Return Enhancer, which is an additional
benefit to you
e. Installment payment will be made by redeeming units from the Fund(s) at the unit price/
NAV applicable on the installment date
f. Savings risk during the settlement period will be borne by the nominee
g. No risk cover covers will be available
h. No partial withdrawals are allowed during the settlement period
i. Only Fund management charge shall be applicable during the settlement period
j. Alternatively, the nominee will have an option to withdraw the Fund value completely,
anytime during the settlement period. The Fund value will be calculated as the total num-
ber of outstanding units in the Policy multiplied by the unit price/NAV as on date of com-
plete withdrawal

Tax Benefits

Premium paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax bene-
fits as per extant Income Tax Act, subject to the provision stated therein.
You are requested to consult your tax consultant and obtain independent tax advice for eligi-
bility and before claiming any benefit under the Policy.

Product Terms and Conditions

Non-Payment of Premiums

a) On Discontinuance of Limited/Single Premiums due during the first five Policy years, the
Policy will be converted to a Discontinued Life Policy (without any risk cover, Guaranteed
Benefit, Periodical Money Backs/Loyalty Benefits, ROMC) at the end of the grace period,
and the Regular Premium Fund value less the Discontinuance/Surrender charge, along
with Top up Premium Fund value, will be transferred to the Discontinued Life Policy Fund.
i) A notice will be sent by the Company to you within three (3) months from the date
of first unpaid Premium, informing you of the status of the Policy and requesting to
revive the Policy or communicate to the company agreeing to revive the Policy within
the revival period of three (3) years from the date of first unpaid Premium, by paying
all due Regular Premiums, subject to Revival conditions as per Revival clause men-
tioned below
ii) If you have opted to revive the Policy but have not revived the Policy within the revival
period, the Discontinued value shall be payable as the Surrender Value at the end of
lock-in period of five (5) policy years or at the end of the revival period, whichever is
 later
iii) If no communication is received from you with respect to the revival of the Policy, the
Discontinued value shall be payable as the Surrender Value at the end of lock-in peri-
od of five Policy years
iv) At any time, you have the option to completely withdraw from the Policy without any
risk cover, Guaranteed Benefit, Periodical Money Backs/Loyalty Benefits, ROMC and
receive the Discontinued value (as Surrender Value) at the end of the lock-in period of
five Policy years or the date of surrender, whichever is later
b) On discontinuance of Limited/Single Premiums due after the lock-in period of five Policy
years, the Policy will be, immediately & automatically, converted to a Paid-up Policy at the
end of the grace period, with risk cover under the base Policy to the extent of the Paid-up
Sum Assured and without any Periodical Money Backs/Loyalty Benefits, ROMC. The Paid-
up Sum Assured will be the Sum Assured in the Policy multiplied by the proportion of the
number of Regular Premiums paid to the number of Regular Premiums payable in the
Policy. All charges as per the terms & conditions of the Policy will be deducted
i) A notice will be sent by the Company to you within three months from the date of first
unpaid Premium, informing you of the status of the Policy and requesting you to exer-
cise one of the options mentioned below
1) Option A: Revive the Policy or, communicate to the company agreeing to revive the Policy
within the revival period of three years from the date of first unpaid Premium, by paying
all due Regular Premiums, subject to Revival conditions as per Revival clause mentioned
below, OR
2) Option B: Intimate the Company to completely withdraw from the Policy without any risk
cover and receive the Surrender Value under the Policy as on the date of receipt of such
intimation.
ii) If you have chosen the Option A above but do not revive the Policy during the revival
period, or the Company does not receive any communication from you, the Policy
shall be treated as a Paid-up Policy, as mentioned in section b) above. At the end of
the revival period, if the Policy has not been revived, the Surrender Value under the
Policy as at the end of the revival period will be payable to you.
iii) If you decide to surrender the Policy as per Option B above, the Surrender Value under
the Policy as on the date of receipt of such intimation, will be payable to you.
c) Notwithstanding anything mentioned above, on the death of the Life Assured,
 i) If the Policy is discontinued as per sub-section a) above, the Discontinued value as
on the date of receipt of intimation at the Company’s office, shall be payable as Death
Benefit, and, then, the Policy will terminate.
ii) If the Policy is discontinued as per sub-section b) above, the higher of the [Paid-up
Sum Assured or Regular Premium Fund value] plus higher of the [Prevailing Top-up
Sum Assured or Top-up Premium Fund value], subject to a minimum of the Guar-
anteed Benefit, all, as on the date of receipt of intimation, shall be payable as Death
Benefit, and, then, the Policy will terminate.

Revival

A Discontinued Policy can only be revived subject to following conditions:

• The Company receives the request for revival within three (3) years from the date of
discontinuance of the Policy provided the Policy is not terminated already.
• Such information and documentation as may be requested by the Company is submit-
ted by you at your own expense.
• The Policy may be revived on the original Policy terms & conditions, revised terms &
conditions or disallowed revival, based on board approved underwriting policy.
• On revival of the Discontinued Policy,
1. The Policy will be revived restoring the risk cover, Guaranteed Benefit, Periodical
Money Backs/Loyalty Benefits, Return of Mortality Charge.
2. All the due but unpaid Premiums will be collected without charging any interest
or fee.
3. If the Policy is a Discontinued Policy, the Discontinued value of the Policy together
with the amount of Discontinuance charge (without any interest) as deducted by
the Company on the date of discontinuance of the Policy, shall be restored to the
chosen Fund(s) in the same proportion as it existed on the date of discontinuance,
at their prevailing Unit Price/NAV.
a. The Premium Allocation Charge and Policy Administration Charge, as appli-
cable, during the discontinuance period shall be deducted as applicable from
Regular Premiums paid or from the Fund at the time of revival.
4. The Periodical Money Backs/Loyalty Benefits due-but-not-allotted during the period
the Policy was in discontinuance shall be added to the Regular Premium Fund value.
 Computation of Unit Price/NAV

The Unit Price/NAV of the Fund shall be computed as the market value of the existing invest-
ment held in the Fund plus value of current assets less value of current liabilities and pro-
visions, if any, divided by the number of units existing on the Valuation Date. This calculation
will be done before creation/redemption of units.

Force Ma’jeure

a) As per Regulation 33 & 34 of the IRDAI (Unit Linked Insurance Products) Regulations,
2019, the company will declare a ‘Single’ Unit Price or Net Asset Value (NAV) for each
segregated fund on a day-to-day basis.
b) The company specifies that, in the event of certain force majeure conditions, the declara-
tion of Unit Price or NAV on a day-to-day basis may be deferred and could include other
actions as a part of investment strategy (e.g. taking exposure of any Segregated Fund
(SFIN) up to 100% in Money Market Instruments [as defined under Regulations 2(j) of the
IRDAI (Investment) Regulations, 2016])
c) The Company shall value the Funds (SFIN) on each day for which the financial markets are
open. However, the Company may value the SFIN less frequently in extreme circumstanc-
es external to the Company i.e. in force majeure events, where the value of the assets is
too uncertain. In such circumstances, the Company may defer the valuation of assets for
up to 30 days until the Company is certain that the valuation of SFIN can be resumed.
d) The Company shall inform IRDAI of such deferment in the valuation of assets. During the
continuance of the force majeure events, all request for servicing the Policy including
Policy related payment shall be kept in abeyance.
e) The Company shall continue to invest as per the Fund mandates. However, the Compa-
ny shall reserve its right to change the exposure of all or any part of the Fund to Money
Market Instruments [as defined under Regulations 2(j) of IRDAI (Investment) Regulations,
2016] in circumstances mentioned under points (a and b) above. The exposure to of the
Fund as per the Fund mandates shall be reinstated within reasonable timelines once the
force majeure situation ends.
f) Some examples of such circumstances [in Sub-Section a) & Sub-Section b) above] are:
i) When one or more stock exchanges which provide a basis for valuation of the assets
 of the Fund are closed otherwise than for ordinary holidays.
ii) When, as a result of political, economic, monetary or any circumstances out of the
control of the Company, the disposal of the assets of the Fund are not reasonable or
would not reasonably be practicable without being detrimental to the interests of the
continuing Policyholders.
iii) In the event of natural calamities, strikes, war, civil unrest, riots and bandhs.
iv) In the event of any force majeure or disaster that affects the normal functioning of
the Company.
In such an event, an intimation of such force majeure event shall be uploaded on the
Company’s website for information.

Charges under the Plan

Charges Details
Regular/ Limited Premium
Policy Year
1 2 3-5 6 to PPT
(years)
Yearly Mode 6% 6% 6% Nil
Other Modes 5% 5% 5% Nil
Premium
Allocation Charge Single Premium
Policy Year
1 2 3-5
(years)
Single premium 3% - -
Top-up Premium: 2%
Regular/ Limited Premium:
First 5 years 6th year to 10th year 11th year till PT
1.08% of Annualized 2.16% of Prevailing Annualized
Policy Nil
Premium per annum Premium per annum
Administration
Charge(PAC) Single Premium:
First 5 years 6th year to 10th year 11th year till PT
Nil
0.50% of Prevailing Annualized Premium per annum
Charges Details
Fund Fund Management Charge per annum
Equity Growth Fund II 1.35%
Accelerator Mid Cap Fund II 1.35%
Pure Stock Fund 1.35%
Pure Stock Fund II 1.30%
Asset Allocation Fund II 1.25%
Bluechip Equity Fund 1.25%
Flexi Cap Fund 1.35%
Fund Sustainable Equity Fund 1.35%
Management
Charge (FMC) Small Cap Fund 1.35%
Dynamic Asset Allocation Fund 1.35%
Individual Short Term Debt Fund 0.95%
Liquid Fund 0.95%
Bond Fund 0.95%
Midcap index fund 1.35%
Smallcap Quality Index Fund 1.35%
Discontinued Life Policy Fund 0.50%
This charge would be adjusted in the Unit Price/NAV
Miscellaneous Miscellaneous charge of Rs.100/- per transaction
Charge This shall be levied by cancellation of units at the unit price as on the due day.
Under Regular/ Limited Premium:
Where the Policy
Discontinuance charge for the Discontinuance charge for the
is Discontinued
policies having annualized policies having Annualized
during the Policy
Premium up to `50000/- Premium above `50000/-
Discontinuance year
/ Surrender Lower of 20% * (AP or FV) Lower of 6%* (AP or FV)
1
Charge subject to maximum of `3,000 subject to maximum of `6,000
Lower of 15% * (AP or FV) Lower of 4% * (AP or FV)
2
subject to maximum of `2,000 subject to maximum of `5,000
Lower of 10% * (AP or FV) Lower of 3% * (AP or FV)
3
subject to maximum of `1,500 subject to maximum of `4,000
 Lower of 5% * (AP or FV) subject to Lower of 2% * (AP or FV) subject
4
maximum of `1,000 to maximum of `2,000
5 & above Nil Nil
AP – Annualized Premium & FV – Regular Premium Fund value
Under Single Premium:

Where the policy Maximum Discontinuance Maximum Discontinuance

is discontinued Charges for the policies Charges for the policies
during the policy having Single Premium up to having Single Premium above
year `3,00,000/- `3,00,000/-
Lower of 1.00% *(SP or FV)
Discontinuance Lower of 2.0% *(SP or FV) subject
1 subject to a maximum of
/ Surrender to a maximum of `3000/-
`6000/-
Charge Lower of 0.70% *(SP or FV)
Lower of 1.5% *(SP or FV) subject
2 subject to a maximum of
to a maximum of `2000/-
`5000/-
Lower of 0.50%* (SP or FV)
Lower of 1% *(SP or FV) subject
3 subject to a maximum of
to a maximum of `1500/-
`4000/-
Lower of 0.35% *(SP or FV)
Lower of 0.5% *(SP or FV) subject
4 subject to a maximum of
to a maximum of `1000/-
`2000/-
5 Nil Nil
SP – Single Premium & FV – Single Premium Fund Value
Mortality Charge will be deducted at each monthly anniversary by cancellation
of units.
Mortality Charge Female Life Assured will be eligible for an age-set-back of 3 years.
For sub-standard lives, extra Mortality charge will be applicable which will be
deducted as charges by cancellation of units.

Goods & Service

Tax/any other tax,
As applicable on all Charges mentioned above. Current GST rate is 18%.
subject to chang-
es in tax laws

This product can be purchased online also. For more details, please visit www.bajajallianzlife.com
 Revision of Charges

After taking due approval from the IRDAI, the Company reserves the right to revise the above men-
tioned charges, except the Premium Allocation charge and the Mortality charge which are guaran-
teed throughout the Policy Term:
• Fund management charge up to a maximum of 1.35% per annum of the NAV for all the
Funds except Discontinued Life Policy Fund and 0.50% p.a. for the Discontinued Life Policy Fund.
• Policy Administration Charge up to a maximum of Rs. 500 per month.
• Miscellaneous charge up to a maximum of Rs.500/- per transaction
• Partial Withdrawal charge up to a maximum of Rs. 500/- per transaction
• Switching charge up to a maximum of Rs. 500/- per transaction
• Company shall give an advance notice of 3 months for any change in charges

Termination
• The Policy will terminate on payment of the last instalment.
` If you have opted for the Settlement Option
• This Policy shall automatically and immediately terminate on the earlier occurrence of any of
the following events:
` On foreclosure of the Policy
` On the date of receipt of intimation of death of the Life Assured (unless the Settlement
option has been opted for)
` On payment of Discontinued value or Surrender Value
` The Maturity Date, unless Settlement Option has been opted
` The expiry of the Settlement period, if opted
` On cancellation of Policy during Free Look Period
` On suicide of Life Assured

Grace Period

A grace period of 30 days for yearly, half yearly & quarterly Premium payment frequency and
15 days is available for monthly Premium payment frequency from the due date of Premium
payment, without any late fee, during which time the Policy is considered to be in-force with
the risk cover without any interruption as per the Policy Terms and conditions.
 Free Look Period

a) The policyholder has a free look period of fifteen (15) days from the date of receipt of the
policy document and period of 30 days in case of electronic policies and policies obtained
through distance mode, to review the terms and conditions of the policy and where the
policyholder disagrees to any of those terms or conditions, he has the option to return the
policy to the insurer for cancellation, stating the reasons for his objection, then he shall
be entitled to a refund of the Single premium/Regular premiums and any top-up premium
paid, subject only to a deduction of a proportionate risk premium for the period of cover
and the expenses incurred by the insurer on medical examination of the proposer and
stamp duty charges.
b) In addition to the deductions under sub-section a) above, the company shall also be enti-
tled to repurchase the units at the price of the units on the date of cancellation.

Loan
No loan facility is available under this plan.
Foreclosure

If the fund value under any policy, after three (3) policy years, is lower than one (1) prevailing
annualized premium or 1/10th the single premium, the policy shall be foreclosed, and any
discontinuance value / surrender benefit shall be paid to the policyholder, as per the con-
ditions in the surrender benefit section above. The implementation of this will ensure that
some benefit is made available to the policyholder, which is fair to the policyholder.
Before foreclosure of the policy, the policyholder will be given the option to pay any premiums
due under the policy or to pay top-up premium, as applicable.

Exclusion

Suicide Exclusion: In case of death due to suicide within 12 months from the date of com-
mencement of the Policy or from the date of latest revival of the Policy, whichever is later, the
nominee or beneficiary shall be entitled to Fund value, as available on the date of intimation
of death. Any charges other than FMC or guarantee charge recovered subsequent to the date
of death shall be added to the Fund value as on the date of intimation of death.
 Definitions

a. Fund value: The Fund value is equal to the total number of units pertaining to Regular/
Limited/Single premium and top up premium, Periodical Money Backs/Loyalty Benefits
existing in each Fund under a Policy multiplied by the respective Unit Price/NAV on the
relevant Valuation Date.
b. Regular Premium Fund value: Regular Premium Fund value is equal to the total units in
respect of prevailing Regular/Limited Premiums paid under this Policy multiplied by the
respective Unit Price/NAV on the relevant Valuation Date.
c. Single Premium Fund value: Single Premium fund value is equal to the total units in
respect of prevailing single premiums paid under this policy multiplied by the respective
unit price/NAV on the relevant valuation date.
d. Top up Premium Fund value: Top up Premium Fund value is equal to the total Units in
respect of Top up Premium under this Policy multiplied by the respective Unit Price/NAV
on the relevant Valuation Date.
e. Paid-up Sum Assured: Paid-up Sum Assured means a proportion of the prevailing Sum
Assured, where the proportion is the ratio of the total number of Regular Premiums paid
to the total number of Regular Premiums payable under the Policy.
f. Unit Price/NAV: Market value of investment held by the Fund plus value of current assets
less value of current liabilities and provisions, if any, divided by number of units existing
on Valuation Date. This calculation will be done before creation / redemption of units.
g. Discontinued Life Policy Fund: It is the Fund maintained by the Company that is set aside
and is constituted by the Fund value of the Discontinued Life Policies determined in ac-
cordance with the “IRDAI (Unit Linked Insurance Products) Regulations, 2019” and any
subsequent modification made therein by the IRDAI.
Discontinued Life Policy Fund: Risk Profile – Low SFIN: ULIF07026/03/13DISCON-
LIFE116
On the date of Discontinuance/Surrender of the Policy before the lock-in period of 5 Pol-
icy years, the Fund valueless the Discontinuance/ Surrender charge as on the date of
Discontinuance/ Surrender of the Policy shall be moved to the Discontinued Life Policy
Fund. The portfolio allocation of the Fund is as given below.
Portfolio Allocation:
Money market instruments 0% to 40%
Government securities 60% - 100%

h. Discontinued value:
1. The Discontinued value of the Policy will be higher of:
a) The Fund value less the Discontinuance/Surrender charge, as on date of Discontinu-
ance/Surrender accumulated at the rate of return earned on the Discontinued Life Policy
Fund net of Fund management charge. OR
b) The Fund value less the Discontinuance/Surrender charge, as on date of Discontinu-
ance/Surrender accumulated at the guaranteed rates of investment return net of Fund
management charge. The current guaranteed rate of investment return is 4% p.a.
2. Unless death of the Life Assured has happened earlier, the Discontinued value shall be
payable to the Policyholder after the lock-in period of 5 Policy years or at the end of re-
vival period, as the case may be, however on death of Life Assured during the period of
Discontinuance, the Discontinued value as on the date of intimation of death at the Com-
pany’s office shall be payable.
3. The current cap on Fund Management Charge on the Discontinued Life Policy Fund is
0.50% per annum, as per the “IRDAI (Unit Linked Insurance Products) Regulation, 2019”.
4. The Fund Management Charge and the minimum guaranteed rate of investment return
as mentioned above, for the calculation of the Discontinued value may change from time
to time as per the IRDAI guidelines.
i. Valuation Date: The date when the Unit Price/NAV of the Fund is determined. We aim
to value the Funds on each day the financial markets are open. However, we may value
the Funds less frequently in extreme circumstances, where the values of assets are too
uncertain. In such circumstances, we may defer the valuation of assets for up to 30 days
until we feel that certainty as to the value of assets is resumed. The deferment of valua-
tion of assets will be with prior consultation with the IRDAI.
 Statutory Information

Assignment: Section 38 of the Insurance Act, 1938

Assignment should be in accordance with provisions of section 38 of the Insurance Act 1938
as amended from time to time.

Nomination: Section 39 of the Insurance Act, 1938

Nomination should be in accordance with provisions of section 39 of the Insurance Act 1938
as amended from time to time.
Prohibition of Rebate: Section 41 of the Insurance Act, 1938 as amended from time to time:

(1) 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 insurance in 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 Premi-
um 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.
(2) Any person making default in complying with the provisions of this section shall be liable
for a penalty which may extend up to ten lakh rupees.”

Fraud & Misstatement: Section 45 of the Insurance Act, 1938

Fraud and Misstatement would be dealt with in accordance with provisions of section 45 of
the Insurance Act 1938 as amended from time to time.

Applicability of Goods & Service Tax

Goods and Service Tax is charged based on type of Policy communication address of Policy
Holder. This may change subject to change in rate/state in address of the Policy Holder as on
date of adjustment.
 The product is also available for sale through online mode.

Risks of Investment in the Units of the Plan

The Proposer/Life Assured should be aware that the investment in the units is subject to the
following, amongst other risks and should fully understand the same before entering into any
unit linked insurance contract with the Company.
• Unit Linked life insurance products are different from the traditional insurance products
and are subject to the risk factors.
• The Premium paid in unit linked life insurance policies are subject to investment risks
associated with capital markets and the NAV of the units may go up or down based on
the performance of the Fund and factors influencing the capital market and you will be
responsible for your decisions.
• Bajaj Allianz Life Insurance is only the name of the insurance Company and Bajaj Allianz
Life Smart Wealth Goal III is only the name of the insurance plan and does not in any way
indicate the quality of the Policy, its future prospects or returns.
• Equity Growth Fund II, Accelerator Midcap Fund II, Pure Stock Fund, Pure Stock Fund II,
Asset Allocation Fund, Bluechip Equity Fund, Flexi Cap Fund, Sustainable Equity Fund,
Small Cap Fund, Dynamic Asset Allocation Fund, Individual Short Term Debt Fund, Liquid
Fund, Bond Fund, Smallcap Quality Index Fund and Midcap Index Fund are the name of the
Funds along with Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy
II, Trigger Based Portfolio Strategy II, Capital Preservation-Oriented strategy and or Auto
Transfer Portfolio Strategy offered currently with Bajaj Allianz Life Smart Wealth Goal III
in any manner does not indicate the quality of the Fund(s) or the Portfolio Strategies and
its future prospects or returns.
• Equity Growth Fund II, Accelerator Midcap Fund II, Pure Stock Fund, Pure Stock Fund II,
Asset Allocation Fund, Bluechip Equity Fund, Flexi Cap Fund, Sustainable Equity Fund,
Small Cap Fund, Dynamic Asset Allocation Fund, Individual Short Term Debt Fund, Liquid
Fund Bond Fund, Midcap Index Fund & Smallcap Quality Index Fund do not offer a guaran-
teed or assured return.
• The Savings in the units are subject to market and other risks.
• The past performance of the Funds of the Company is not necessarily an indication of the
future performance of any of these Funds.
• All benefits payable under the Policy are subject to the tax laws and other financial enact-
ments, as they exist from time to time.
• Please read the associated risks and the applicable charges from your Policy document.
 Contact Details

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006
IRDAI Reg No.: 116 | Tel: (020) 6602 6777

Bajaj Allianz Life Smart Wealth Goal III

Sales: 1800 209 4040 Service: 1800 209 7272 UIN : 116L185V01

E-mail: customercare@bajajallianz.co.in Visit us at: www.bajajallianzlife.com to purchase online

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 Documents. Please ask for
the same along with the quotation.

Disclaimer
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of
contract and provides in details all the conditions & exclusions related to Bajaj Allianz Life Assured Wealth Goal
Platinum.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRADULENT OFFERS IRDAI is not involved in activities like
selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested
to lodge a police complaint.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to
use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. By submitting your contact details or responding to
Bajaj Allianz Life Insurance Co. Ltd., with an SMS or Missed Call, you authorize Bajaj Allianz Life Insurance Co.
Ltd. and/or its authorized Service Providers to verify the above information and/or contact you to assist you with
the purchase and/or servicing. Please check with your tax consultant for eligibility.

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