Bajaj Allianz New Risk Care Plan Important Details

Bajaj Allianz New Risk Care plan, a bouquet of happiness, security and pride for you & Minimum Entry Age 18 years
your family. Commitments towards the family are non-measurable and countless. It’s Maximum Entry Age 60 years
our endeavor to keep up your commitments by sharing your burdens and reducing Maximum Maturity Age 65 years
your liabilities. In case of any mishap or unfortunate event, the plan will always stand Minimum Policy Term 5 years
by you as a pillar of strength.
Maximum Policy Term 40 years
Bajaj Allianz New Risk Care helps you to secure your family’s well being, and create a Minimum Sum Assured Rs.4,00,000
strong financial back up in case of any unforeseen eventualities. Allow us to take over Maximum Sum Assured Rs.50,00,00,000
your financial concerns and worries to rest on us. Premium Paying frequency Yearly/Half Yearly/Quarterly/Monthly/Single
“Insure your Today with us to Ensure your family’s Smiles Tomorrow” High Sum Assured Rebate (HSAR) On Sum Assured of Rs. 10,00,000 or more
Indicative Premiums
The Key Features of Bajaj Allianz New Risk Care: The table below illustrates the premium rates* for New Risk Care.
• A non-participating traditional Term Assurance plan. Age : 30 Years
• Higher insurance coverage at Low premium. Gender: Male
Sum Assured : Rs. 5,00,000
• Regular/Single Premium payment options.
Term
• Enhanced Protection options available through Additional Rider Benefits. Payment Mode
10 15 20 25
• Rebates on premium in-case of high sum assured (both on regular and single
Single Premium (in Rs.) 9,045 13,140 17,650 22,630
premium mode).
Regular Annual Premium (in Rs.) 1,665 1,840 1,970 2,065
How does the Bajaj Allianz New Risk Care work? What are the Benefits? *Excluding service tax.
You are required to make regular instalments or a one-time payment. In case of any Death benefit
unfortunate happening before maturity of the policy, the Death Benefit on the policy
In case of any unfortunate happening before maturity of the policy, the Death Benefit
will be paid to the nominee. There is no maturity benefit.
equal to the chosen Sum Assured on the policy will be paid to the nominee.

Power of 4 for Enhanced Protection Surrender Value

• Accidental Death Benefit: Covers against Accidental Protection.
• Accidental Permanent Total/Partial Disability Benefit: Covers against Disability
protection.
• Critical Illness Benefit: Covers you against 11 defined critical diseases.
• Hospital Cash Benefit: Reduces your burden against hospitalisation expenses.
(For complete details on riders, please refer to our Additional Rider Benefits
Brochure. These additional Rider Benefits are available on regular premium policies
only and not on single premium policies.)
Flexibility in Coverage
At Bajaj Allianz, we believe in offering solutions and not just benefits. We believe that
you are unique and your needs for insurance are different from others and vary with
time. We therefore present you New Risk Care with Additional Rider Benefits, which
offers you the flexibility of inclusion or exclusion of coverage at each policy anniversary,
subject to conditions relating to such inclusions and exclusions.
“Accidental Death Benefit, Accidental Permanent Total/Partial Disability Benefit” can
be included or excluded at each policy anniversary, but once excluded cannot be
included again. Hospital Cash Benefit (HCB) and Critical Illness (CI) can be taken at
inception only. HCB & CI can be reduced or excluded subsequently at any policy
anniversary. Once reduced or excluded, they cannot be increased or included
subsequently.
Minimum Premium Amount
Rs. 200 per Monthly installment (through salary deduction or ECS), Rs. 500 per
Quarterly installment, Rs. 1,000 per Half-Yearly installment, Rs. 1,500 per Yearly install-
ment, Rs. 5,000 for Single Premium
In case of Single Premium mode, the policy can be surrendered after five years from
Policy Commencement Date and the surrender value is equal to 0.70*(n-t)/n*Single
Premium, where “n” is Policy Term and “t” is elapsed duration in years from Policy
Commencement Date to the Policy Anniversary following the date of surrender. Surrender
value is not payable on Regular Premium mode.
Revival of lapsed Policy
You may revive the lapsed policy within two years from first unpaid premium by paying
all due regular premiums along with interest compounding half-yearly at such rate as
the Company may decide from time to time.
Free Look Period
Within 15 days from the date of receipt of the policy, you have the option to review the
terms and conditions and return the policy, if you disagree to any of the terms &
conditions, stating the reasons for your objections. You will be entitled to a refund of the
premium paid, subject only to a deduction of a proportionate risk premium for the
period on cover and the expenses incurred on stamp duty and medical expenses, if any.
Tax Benefits
Premium paid will be eligible for tax benefit under Section 80C. The death benefit will
be eligible for tax benefit under Section 10(10)D as per the prevailing tax laws.
Nomination
Nomination can be made for receiving policy proceeds in case of death.
General Exclusion
If the Life Assured commits suicide whether sane or insane, within one year from the
Policy Commencement Date or Commencement of Risk, the Company will not entertain
any claim by virtue of this Policy except to the extent of the Installment/Single Premium
paid. The actual date of death will be the basis for determining the validity of the
contract of insurance.
 Life
Why Bajaj Allianz Life Insurance?
Individual
Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world’s
leading insurer and Bajaj Auto, one of India’s most respected names. Allianz SE is a leading
insurance conglomerate globally and one of the largest asset managers in the world, managing
assets worth over a Trillion Euros (over Rs. 55,00,000 crores). At Bajaj Allianz, we realize that
you seek an insurer you can trust your hard earned money with. Allianz SE has more than
110 years of financial experience in over 70 countries and Bajaj Auto, trusted for over 55
years in the Indian market, are committed to offering you financial solutions that provide
all the security you need for your family and yourself.
At Bajaj Allianz , customer delight is our guiding principle. Ensuring world class solutions
by offering you customized products with transparent benefits supported by the best
technology is our business philosophy.

This product brochure gives the salient features of the plan only. The policy document
is the conclusive evidence of the contract, and provides in detail all the conditions,
exclusions related to the ‘Bajaj Allianz New Risk Care’.

Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states:

• No person shall allow or offer to allow, either directly or indirectly, as an inducement to
any person to take out or renew or continue an 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
punishable with a fine that may extend to five hundred rupees.

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

BSNL Tata Bharti Reliance

Toll free
1800 233 7272 1800 209 7272 1800 103 7272 1800 3000 7272
email : life@bajajallianz.co.in
For any other
chat : bajajallianzlife.co.in/chat
Tel. : 020-30587888 Standard STD charges apply
url : www.bajajallianzlife.co.in
For More Information : Kindly consult our “Insurance Consultant” or call us today on the 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.

Section 45 of the Insurance Act, 1938 states:

w
Ne Risk Care
No Policy of life insurance effected after the coming into force of this Act shall, after the
expiry of two years from the date on which it was effected, be called in question by an insurer
on the ground that a statement made in the proposal for insurance or in any report of a
medical officer, or referee, or friend of the insured, or in any other document leading to the Bajaj Allianz New Risk Care Plan
issue of the policy, was inaccurate or false, unless the insurer shows that such statement was
on a material matter or suppressed facts which it was material to disclose and that it was An economical plan that provides
fraudulently made by the policy-holder and that the policy holder knew at the time of making financial security to your loved ones
it that the statement was false or that it suppressed facts which it was material to disclose.

Unique Identification New Risk Care : 116N046V01 ADB : 116C001V02 APT/PDB : 116C001V02
Number (UIN) : CI : 116C007V01 HCB : 116C008V01
BJAZ-B-0078\20-Mar-08

Insurance is the subject matter of the solicitation.

Bajaj Allianz Life Insurance Company Limited