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

bajajallianzlife.com

C hi ld E ducation Goal

Bajaj Allianz Life

Smart Wealth Goal
A Unit-linked Non-Participating Life Insurance Plan
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant
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.

Bajaj Allianz Life Smart Wealth Goal

Life is about making smart choices, so are savings and investments. Especially when these choices are about your Life Goals.
Presenting Bajaj Allianz Life Smart Wealth Goal, 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 investment.
Bajaj Allianz Life Smart Wealth Goal is a non-participating, individual, life, Regular Premium, Limited Premium & Single
Premium Unit-Linked endowment plan. You can opt for any one out of the three variants offered under the plan. The chosen
variant cannot be changed during the term of the policy.
 Wealth
 Child Wealth
 Joint Life Wealth
For details of “Wealth” variant and “Joint Life Wealth” variant, please refer to the respective Sales Literatures

How does the Plan work?

In Bajaj Allianz Life Smart Wealth Goal, Premiums paid by you, are invested, 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 – Child Wealth Variant

Key Advantages
 Life cover payable in case of earlier occurrence of Death or Accidental Total Permanent Disability (ATPD)
 All future prevailing premiums will be waived in case of earlier occurrence of Death or Accidental Total Permanent Disability
 Income Benefit paid each year till end of policy term in case of earlier occurrence of Death or Accidental Total Permanent
Disability
 Systematic Partial Withdrawal to meet Child's Key Milestones
 Loyalty Benefits
 Return of Premium Allocation Charge (ROAC)
 Fund Boosters
 Return of Mortality Charges at maturity (ROMC)
 Return of Income Benefit Charge (ROIBC)
 Return of Morbidity Charge (ROMBC)
 Return of Waiver of Premium Charge (ROWC)
 Option to receive Maturity Benefit in installments with Return Enhancer
 Choice of five (5) investment portfolio strategies
 Choice of Ten(10) Funds
 Option to reduce the Premium
 Option to increase Premium paying term
 Tax benefit may be as per prevalent tax laws
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

Benefits payable

Maturity Benefit
The Maturity Benefit will be the Fund value as on the date of maturity of your Policy. Even in case of an unfortunate death or
Accidental Total Permanent Disability (ATPD) of the Life Assured during the Policy term, the Maturity Benefit will be paid.

Death or Accidental Total Permanent Disability Benefit

If all due Premiums are paid, then, in case of unfortunate death or Accidental Total Permanent Disability (ATPD) of the Life
Assured, whichever is earlier, during the Policy term, the Benefit payable will be:
 Prevailing Sum Assured
plus
 Prevailing Top up Sum Assured, if any
The Benefit is subject to a minimum of the Guaranteed Benefit of 105% of the Total Premiums4 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 death and ATPD cover will terminate on the date of intimation of death or ATPD (whichever is earlier).
If this Benefit has been paid out due to occurrence of Accidental Total Permanent Disability (ATPD), then, on subsequent death of the Life Assured,
no additional benefit is payable.

Income Benefit
On occurrence of death or ATPD of the Life Assured, whichever is earlier, an additional benefit as Income Benefit will be
payable.
i) Each installment of the Income Benefit is equal to one prevailing Annual Premium
ii) The Income Benefit is payable each Policy year till the end of the Policy term and the first Income Benefit instalment will be
due on the Policy anniversary after the date of death or ATPD, whichever is earlier.
iii) In case of death of the Life Assured the Income Benefit is payable to the nominee and in case of ATPD it is payable to the
Policyholder, at each Policy Anniversary for the remaining Policy term
iv) Income Benefit will be payable only if all the due Premiums are paid up to date
v) Income Benefit will not be payable in case of a Discontinued or Paid-up Policy
If Income benefit is paid out on occurrence of ATPD, then, on subsequent death, no additional benefit is payable, and the income benefit will
continue till the end of Policy term
4
Total Premiums paid shall be sum of all Regular/Limited Premiums and any Top up Premiums paid till date.

Waiver of Premium Benefit (WOP)

On occurrence of ATPD or death of the Life Assured, whichever is earlier during the Premium Paying Term, all future prevailing
Premiums due under the Policy will be paid by the Company
i) The Policy will continue with all the other benefits till date of maturity of your Policy
ii) WOP Benefit will be payable only if all the due premiums are paid up to date
iii) WOP Benefit will not be payable in case of a Discontinued or Paid-up policy
If WOP benefit is triggered on occurrence of ATPD, then, on subsequent death, no additional benefit is payable, and all future Premiums due under
the Policy will continue to be paid into the policy by the Company
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

Loyalty Benefits (LB)

The Company shall add Loyalty Benefits to the Regular Premium Fund value, provided all due Regular Premiums have been paid up to
date.
Even after occurrence of death or ATPD of the Life Assured, Loyalty Benefits will be added to the Regular 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 charges5 deducted under the Policy will be added into the Fund as Loyalty Benefit
Fund Boosters: At the end of 15th, 20th, 25th and 30th year (as applicable in your Policy), Fund Booster as a percentage of the Average of
the daily Regular Premium Fund value 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 Year 15th year 20th year 25th year 30th year

Fund Booster (%) 1.00% 1.25% 1.50% 1.75%

Note:
 Loyalty Benefits will not be paid for a Surrendered, Discontinued or Policy converted 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 deducted,
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 deducted 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 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
3) 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

Return of Income Benefit Charge (ROIBC)

At the end of the Policy term, on the date of maturity of your Policy, the total amount of all Income Benefit charges deducted
will be added back as ROIBC, to the Fund value. This addition will be done provided all Premiums due under the Policy are paid
to date and no death/ATPD benefits are paid in the Policy. ROIBC is not applicable in case of a Surrendered, Discontinued or
Paid-up Policy
Note:
1) Amount of ROIBC will be allocated to the Fund(s) in the same proportion of the Fund value as on the maturity date
2) ROIBC will be excluding any extra Income Benefit charges & or Goods & Service Tax/any other applicable tax levied on the
charge deducted, subject to changes in tax laws.

Return of Morbidity Charge (ROMBC)

At the end of the Policy term, on the date of maturity of your Policy, the total amount of all ATPD charges deducted will be added back as
ROMBC, to the Fund value. This addition will be done provided all Premiums due under the Policy are paid to date and no death/ATPD
benefits are paid in the Policy. ROMBC is not applicable in case of a Surrendered, Discontinued or Paid-up Policy
Note:
1) Amount of ROMBC will be allocated to the Fund(s) in the same proportion of the Fund value as on the maturity date
2) ROMBC will be excluding Goods & Service Tax/any other applicable tax levied on the charge deducted, subject to changes in tax laws.
5
The premium allocation charge is applicable till the 5th policy year.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

Return of WOP Charge (ROWC)

At the end of the Policy term, on the date of maturity of your Policy, the total amount of all WOP charges deducted will be added
back as ROWC, to the Fund value. This addition will be done provided all Premiums due under the Policy are paid to date and no
death/ATPD benefits is paid in the Policy. ROWC is not applicable in case of a Surrendered, Discontinued or Paid-up Policy
Note:
1) Amount of ROWC will be allocated to the Fund(s) in the same proportion of the Fund value as on the maturity date
2) ROWC will be excluding any extra WOP charges & or Goods & Service Tax/any other applicable tax levied on the charge deducted,
subject to changes in tax laws.

Sample Illustration
Prakash is 35 years old and has a 2 year old son, and he wants to create a Fund for his son's education. He has taken a Bajaj
Allianz Life Smart Wealth Goal Policy (Child Wealth) to meet his LifeGoals for a Policy Term of 20 years. He is paying an Annual
Premium of ` 1 lac for a Premium payment term of 10 years with a Sum Assured of ` 10 Lacs. Prakash has also opted for Child
Milestone Payout. Let's see the benefits available under the Policy.

TOTAL SURVIVAL & MATURITY BENEFIT

0 years 5 years 10 years 15 years 16 years 17 years 18 years 19 years 20 years

Fund Booster +
Payment Term 10 years Return of Mortality
Charge (ROMC) +
Fund 1st 2nd 3rd 4th Return of Waiver of
Booster Payout Payout Payout Payout Premium Charge (ROWC)
Return of Allocation `16,114 @ 8% + Return Of Income Benefit
Charge (ROAC) `11,320 @ 4% Child Milestone
Charge(ROIBC)+
`32,000 Return Of Morbidity
Charge(ROMBC)+
Maturity Benefit
Annual Premium (Fund value)

At the At the At the At the At the

At the end
end of end of end of end of end of At the end of 20th year
of 10th year
15th year 16th year 17th year 18th year 19th year
Total
At
Maturity
investment Return of
Return of Maturity Benefit
return6 1st Child 2nd Child 3rd Child 4th Child Fund Mortality, WOP,
Allocation Fund Benefit [A+B+C]
Milestone Milestone Milestone Milestone Booster Income Benefit,
Charge Booster (Fund value)
Payout Payout Payout Payout [A] Morbidity
(ROAC) [C]
Charges [B]

8% `32,000 `16,114 `1,49,356 `1,81,734 `2,07,585 `2,25,285 `19,504 `88,780 `14,61,921 `15,70,205
4% `32,000 `11,320 `95,216 `1,11,222 `1,21,884 `1,26,806 `11,221 `88,780 `7,88,045 `8,88,046

DEATH BENEFIT
In case of Prakash's unfortunate death on the 5th year, the Death Benefit, based on the assumed investment returns, are as
nd rd th
per the table given below. The Policy will continue with the 2 , 3 and 4 Child Milestone Payout to be paid as and when
they become due
Payment Term 10 years
Income benefit

0 years 5 years 10 years 15 years 16 years 17 years 18 years 19 years 20 years

Waiver of Fund Booster+
premium Maturity Benefit
(Fund value)
Fund 1st 2nd 3rd 4th
Death Benefit at 5th year Return of Allocation Charge (ROAC) Booster Payout Payout Payout Payout
`16,649 @ 8%
`10,00,000 `32,000 `11,772 @ 4% Child Milestone
Annual Premium
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

At the At the At the At the At the

At the end th
th end of end of end of end of end of At the end of 20 year
of 10 year th th th th th
15 year 16 year 17 year 18 year 19 year
Total
At Death
Maturity
investment Benefit at
6 th Return of Maturity Benefit
return 5 year st
1 Child nd
2 Child
rd
3 Child
th
4 Child Fund
Allocation Fund Benefit [A+B]
Milestone Milestone Milestone Milestone Booster
Charge Booster (Fund value)
Payout Payout Payout Payout [A]
(ROAC) year [B]

8% `32,000 `16,649 `1,55,650 `1,90,118 `2,18,070 `2,37,756 `20,539 `15,50,764 `15,71,303

`10,00,000
4% `32,000 `11,772 `1,00,314 `1,17,898 `1,30,106 `1,36,452 `12,027 `8,55,949 `8,67,976

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
Parameter Details

Minimum Entry Age 18 years

Maximum Entry Age 55 years
Minimum Age at Maturity 33 years
Maximum Age at Maturity 85 years
Policy Term Min 15 years and Max 30 years
Premium Paying Term Min 5 years and Max Equal to Policy Term
Mode Entry Age PPT Annual Half-yearly Quarterly Monthly
Minimum Premium Regular Upto 50 5&6 `6000 `2000
`24000 `12000
/Limited Years
7& Above `12000 `6000 `3000 `1000
Pay
50 Years All `48000 `24000 `12000 `4000
and above
Quarterly & Monthly Premium payment frequency will be available under
auto-debit options as approved by RBI
Maximum Premium No Limit
Premium Payment Frequency Yearly, Half-yearly, Quarterly and Monthly
Minimum & Maximum Sum Assured 10 times Annualized Premium
Minimum Top up Sum Assured 1.25 times Top up Premium

Maximum Top up Sum Assured 10 times Top up Premium

Maximum Sum Assured in a policy will be as per the board approved underwriting policy (BAUP)

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.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant
*“Annualised Premium” means the premium amount payable in a year excluding the taxes, rider premiums and underwriting extra premium on
riders, if any.

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 Discontinuance/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, along with Top up Premium Fund value, if any, as on the date of surrender, and will be payable immediately.
iii. If the WOP and Income benefit has already been triggered under the Policy, then, the above-mentioned Surrender Value
will be increased by the present value of future WOP installments and present value of outstanding income benefit
installments (from the date of surrender), discounted at 4% p.a.
iv. The Policy shall terminate upon payment of the full Surrender/Discontinued value by Insurance Company.

Investment Options and Funds

Bajaj Allianz Life Smart Wealth Goal 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 ten(10) 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:
Not less than 60%, Out of the equity investment at least 50%
Equity
will be in mid cap stocks
Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

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.
Portfolio Allocation:
Equity Not less than 60%

Bank deposits 0% to 40%

Money market instruments Cash, Mutual Funds7 0% to 40%

iv. Pure Stock Fund ll 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, Mutual

0% to 25%
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 forming 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%

Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant
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#

0% - 35%
and money 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 and Equity related Instruments 65% - 100%

Cash, Bank deposits, Liquid Mutual funds#

0% - 35%
and money market instruments

1
The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.
#1
The maximum investment in Liquid 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 Insurance Company.
 The Insurance 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 Insurance Company 30 days in advance.
 If you have opted for this Portfolio Strategy at the commencement of the Policy, the Regular/Limited 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 outstanding years
to maturity.
 If you have switched to this Portfolio Strategy at any subsequent Policy Anniversary:
 The Insurance Company will reallocate the Regular Premium Fund value and Top up Premium Fund value among various
Funds in the proportion mentioned 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 Insurance Company will reallocate the Regular 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.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

 This will ensure that a balance is maintained between the Policyholder's “years to maturity” and level of risk on
investments to optimize the returns.
 The Premium (Regular/Limited and Top up Premium, if any) and Fund value (Regular Premium Fund value and Top up
Premium Fund value) allocation/reallocation will be as follows:

Proportion in Following Funds

Years to
Equity Growth Accelerator
Maturity Bond Fund Liquid Fund Total
Fund II Mid-Cap Fund II
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 Insurance 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.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

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 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 reallocated.
 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 invest your money in a systematic way by automatically transferring 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

11 10 9 8 7 6 5 4 3 2 1
the next Premium due date
Proportion of Fund value 1/11 1/10 1/9 1/8 1/7 1/6 1/5 1/4 1/3 1/2 1

 The strategy will not be available if you have opted for monthly mode of premium payment.
 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
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant
minimum guaranteed maturity benefit.
 Under this strategy, at the commencement of the policy, the Regular 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, 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
 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 advance. 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.

Years to Equity Growth Accelerator Pure Stock

Maturity Bond Fund Liquid Fund Total
Fund II Mid-Cap 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%

Partial withdrawal (Non-Systematic)

You have the option to make partial withdrawals, any time after the fifth Policy year, subject to the following conditions:
 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
 The Regular Premium Fund value should not fall below four times of the Prevailing Annualized Premium, across all Funds,
after a non-systematic partial withdrawal
 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 contract.
 In case of minor life, partial withdrawal is allowed after attaining age 18 years.
 No charges would be levied for Partial Withdrawal.
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 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 number 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 withdrawals, by giving written notice of three months
in advance, subject to prior approval from IRDAI

Systematic Partial withdrawal (Periodical Money Backs)

 Child Milestone Payouts, an annual systematic partial withdrawal for Child's Key Milestones will be available in the last four
Policy Anniversaries prior to the maturity date.
 However, you may opt to receive the Child Milestone Payouts, at any Policy Anniversary from the eleventh (11th) Policy
Anniversary onwards, as four annual systematic partial withdraws for Child's Key Milestones
 Child Milestone Payouts are as per the table below and are subject to following conditions:

Child Milestone Payout 1st 2nd 3rd 4th

As Percentage of Fund value 8% 10% 12% 14%

 The gap between any two Child Milestone Payouts must be at least one year.
 You will also have an option to take the Child Milestone Payouts in monthly frequency.
 The monthly Child Milestone Payouts will be spread over 12 continuous months, starting from the respective Policy
Anniversaries e.g., (8%/12) will be the monthly percentage throughout the first year of payout.
 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 Strategy, you will not have option of choice of Fund(s)
you can 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
 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 increase Premium paying term

You can choose to increase your Premium paying term (chosen at inception) after the end of the 5th Policy year, provided all
due Premiums have been paid till date. The increase in Premium paying term is subject to the Premium paying term and Policy
term combinations available under the plan. Such change can be done by giving 30 days written notice prior to the Policy
anniversary after the end of the fifth Policy year.
Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable for the option.
Bajaj Allianz Life
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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 Premiums payable, provided all due Premiums have been paid. The Top up Premiums would be treated 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 Rs. 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 approved 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.
g) In case death or ATPD claim has been paid out, no Top up Premium would be allowed in the Policy after date of intimation
death or ATPD

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/Top up Premium between the various Funds you want to invest in.
b) You may, at any time, change the proportion of regular/limited/Top up Premium to the Funds you wish to invest.
c) The Premium proportion to any Fund in which you wish to invest must be at least 5% of the regular/limited/Top up
Premium. The company will reserve the right to revise 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 Discontinued 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 Portfolio 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 Strategy 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
Bajaj Allianz Life
Smart Wealth Goal
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 On switching into the Investor Selectable Portfolio Strategy from any of the other Portfolio 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 other 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 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 Premium 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 multiplier 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 alteration

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 proportion 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. Investment 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 lumpsum to the nominee and the Policy will be terminated.
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h. If Death Benefit has been paid out during the Policy Term on occurrence of death/ATPD, then, no risk cover will be available
during the settlement period
i. No partial withdrawals are allowed during the settlement period
j. Only Fund management charge and Mortality charge shall be applicable during the settlement period
k. 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

Tax Benefits
Premium paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits 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 eligibility and before claiming any
benefit under the Policy.

Product Terms and Conditions

Non-Payment of Premiums
a) On Discontinuance of Regular 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 mentioned 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 period 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 Regular 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
prevailing Sum Assured in the Policy multiplied by the proportion of the number of Premiums paid to the number of 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 exercise 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,
Bajaj Allianz Life
Smart Wealth Goal
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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
Guaranteed 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 submitted 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 applicable, 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 investment held in the Fund plus value of
current assets less value of current liabilities and provisions, 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) 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 circumstances 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.
b) 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.
c) The Company shall continue to invest as per the Fund mandates. However, the Company 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.
d) 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.
Bajaj Allianz Life
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Charges under the Plan

Charges Details
Policy Year (years) 1 2 3-5 6 to PPT
Premium
Allocation Charge Yearly Mode 12% 8% 4% Nil
Other Modes 10% 7% 4% Nil
Top-up Premium: 2%
Year 1 to 5 Year 6 onwards
Policy Administration
Charge (PAC) 2.1% per annum of the prevailing annualized
Nil Premium capped to the extent of Rs 500 per month

Fund Management Fund Fund Management Charge per annum

Charge (FMC)
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%
Liquid Fund 0.95%
Bond Fund 0.95%
Discontinued Life Policy Fund 0.50%
Flexi Cap Fund 1.35%
Sustainable Equity Fund 1.35%

This charge would be adjusted in the Unit Price/NAV

Miscellaneous Charge Miscellaneous charge of `100/- per transaction
This shall be levied by cancellation of units at the unit price as on the due day.
Discontinuance/ Where the Policy is Discontinuance charge for the Discontinuance charge for the
Surrender Charge Discontinued during policies having annualized policies having Annualized
the Policy year Premium up to ` 50000/- Premium above ` 50000/-
Lower of 20% * (AP or FV) subject Lower of 6% * (AP or FV) subject
1
to maximum of ` 3,000 to maximum of ` 6,000
Lower of 15% * (AP or FV) subject Lower of 4% * (AP or FV) subject
2
to maximum of ` 2,000 to maximum of ` 5,000
Lower of 10% * (AP or FV) subject Lower of 3% * (AP or FV) subject
3
to maximum of ` 1,500 to maximum of ` 4,000
Lower of 5% * (AP or FV) subject Lower of 2% * (AP or FV) subject
4
to maximum of ` 1,000 to maximum of ` 2,000
5 & above Nil Nil
AP – Annualized Premium & FV – Regular 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.
Morbidity Charge will be deducted at each monthly anniversary by cancellation of units.
Morbidity Charge Morbidity Charge is applied on the sum at risk, which is ATPD Benefit
The WOP Charge is applied on the sum at risk, which is present value of all outstanding prevailing
WOP Charge
Premiums as on the date of charge. PV of outstanding prevailing Premiums are discounted at 4%p.a.
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Charges Details
WOP Charge for the Life Assured will be deducted at each monthly anniversary by cancellation of
WOP Charge units at the prevailing unit price/NAV

The IB Charge is applied on the sum at risk, which is the present value of all outstanding IB
installments as on the date of charge. PV of outstanding IB instalments are discounted at 4% p.a.
Income Benefit Charge IB Charge for the Life Assured will be deducted at each monthly anniversary by cancellation of units
at the prevailing unit price/NAV

Goods & Service Tax/any

other tax, subject to As applicable on all Charges mentioned above. Current GST rate is 18%.
changes 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 mentioned charges, except the
Premium Allocation charge and the Mortality charge which are guaranteed 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 ` 500 per month.
 Miscellaneous charge up to a maximum of ` 500/- per transaction
 Partial Withdrawal charge up to a maximum of ` 500/- per transaction
 Switching charge up to a maximum of ` 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 Regular 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

Within fifteen (15) days of the receipt of this Policy and thirty (30) days in case of electronic Policy and Policy obtained through
distance mode, you may, if dissatisfied with any of the terms and conditions for any reason, provided no claim has already been
Bajaj Allianz Life
Smart Wealth Goal
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made on the Policy, give the Company a written notice of cancellation along with reasons for the same, and return the Policy
Document to the Company, subject to which the Company shall send you a refund comprising the Premium Allocation Charge
plus Charges levied by cancellation of Units plus Regular Premium Fund value as at the date of cancellation of Units less the
proportionate risk Premium for the period the Life Assured was on cover, expenses incurred on medical examination and
stamp duty charges.

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 conditions 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 commencement 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.
Accidental Total Permanent Disability Exclusion:
The accidental disability benefit will not be payable in the following situations:
a) Disability as a result of the insured person committing any breach of law with criminal intent
b) Disability of insured person as a result of war, invasion, civil war, rebellion or riot
c) Disability as a consequence of the insured person being under the influence of alcohol or drugs other than drugs prescribed
by and taken in accordance with the directions of a registered medical practitioner
d) Disability as a result of the insured person taking part in any naval, military or air force operation
e) Disability as a result of the insured person participating in or training for any dangerous or hazardous sport or competition
or riding or driving in any form of race or competition
f) Disability of insured person as a result of aviation, gliding or any form of aerial flight other than as a fare paying passenger
on a civilian airline flying on regular routes and according to a scheduled timetable
g) Disability of insured person as a result of attempted self-injury
h) Disability of insured person as a result of poison, gas or fume (voluntary or involuntarily, accidentally or otherwise taken,
administered, absorbed or inhaled.

Definitions
a. Disability: Disability means, disability of the Life Assured as a result of bodily injury caused by an accident (a sudden
unforeseen and involuntary event caused by external, visible and violent means) and such injury shall within 180 days of its
occurrence solely, directly and independently of any other cause, resulting in the Life Assured disability which must be
permanent and total.
b. Accidental Total Permanent Disability (ATPD): It is defined as an event that must result in one of the following:
a. Loss of both eyes
b. Loss of both arms or both hands
c. Loss of one arm and one leg
d. Loss of one arm and one foot
e. Loss of one hand and one foot
f. Loss of one hand and one leg
g. Loss of both legs
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h. Loss of both feet
i. Removal of lower jaw
The Disability must be documented for an uninterrupted period of six months.
(i) Loss of both eyes means total loss of vision in both eyes, certified by an ophthalmologist.
(ii) If the disability is due to amputation / dismemberment, loss of hand will mean amputation / dismemberment above wrist,
loss of arm will mean amputation / dismemberment above elbow, loss of feet will mean amputation/dismemberment
above ankle and loss of leg will mean amputation / dismemberment above knee.
(iii) In permanent total disability, both the limbs should have motor-grade power less than or equal to 2/5.
(iv) The disability has to be certified by a registered medical practitioner. Claim intimation should be received in writing
within 60 days of occurrence of the disability.
(v) The Disability Benefit is paid if and only if disability is detected as per above Disability Condition.
c. Fund value: The Fund value is equal to the total number of units pertaining to Regular Premium, Top up Premium, Loyalty
Benefits existing in each Fund under a Policy multiplied by the respective Unit Price/NAV on the relevant Valuation Date.
d. 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.
e. 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.
f. 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.
g. 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.
h. 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 accordance 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: ULIF07026/03/13DISCONLIFE116
On the date of Discontinuance/Surrender of the Policy before the lock-in period of 5 Policy 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%

i. 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 Discontinuance/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 Discontinuance/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 revival 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 Company'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.
j. 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 valuation of assets will be with prior consultation with the IRDAI.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

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
Prohibition of Rebate should be in accordance with provisions of section 41 of the Insurance Act 1938 as amended from
time to time.
“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 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
liable for a penalty that 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.

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 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, Liquid Fund & Bond 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 Auto Transfer Portfolio Strategy offered currently with Bajaj Allianz Life Smart Wealth Goal 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, Liquid Fund & Bond Fund do not offer a guaranteed or assured return.
 The investments 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 enactments, as they exist from time to time.
 Please read the associated risks and the applicable charges from your Policy document.
Bajaj Allianz Life
Smart Wealth Goal
Child Wealth Variant

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 in-depth 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 Life Smart Wealth Goal 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 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 evidence of contract and provides in details all the conditions and exclusions related to Bajaj Allianz
Life Smart Wealth Goal.

Disclaimer
All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration. The Policy
document is the conclusive evidence of contract and provides in details all the conditions and exclusions related to Bajaj
Allianz Life Smart Wealth Goal. Please ask for the same along with the quotation.

Contact Details

Regd. Office Address

Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006.
Reg. No.: 116 | Fax: (020) 6602 6789. | www.bajajallianzlife.com | CIN: U66010PN2001PLC015959

SMS LIFE 56070

For any queries please contact:

Sales: 1800 209 0144 Service: 1800 209 7272

Mail us : customercare@bajajallianz.co.in Chat: https://goo.gl/PdEyZu

Bajaj Allianz Life Smart Wealth Goal UIN : 116L164V02

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT 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.

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.
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.

BJAZ-O-5400/07-May-22