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

Bajaj Allianz Life

SMART
WEALTH
GOAL IV
A Unit-Linked Non-Participating Individual
Life Savings Insurance Plan
 “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 surrender or 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.
Bajaj Allianz Life Smart Wealth Goal IV is a 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 SMART WEALTH GOAL IV

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 IV, 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 IV is a non-participating, life, individual, Unit-Linked single1 & limited/
regular premium payment plan. Under this 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
1
Available only for Wealth (Single premium) and Joint Life Wealth variant

How this plan works?

In Bajaj Allianz Life Smart Wealth Goal IV, 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 IV – 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 Seventeen (17) Funds

Option to reduce the Premium

Option to change 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/Single premium fund value
plus
• Higher of, Prevailing Top up Sum Assured or Top up Premium Fund value, 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 Sum Assured 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.
 Loyalty Benefits with option of Periodical Money Backs
The Company shall add Loyalty Benefits to the Regular Premium Fund value/ Single premium fund value,
provided 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 Value/
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 charges, deducted under the Policy will be added
into the Fund as Loyalty Benefit.

Fund Boosters: At the end of 15th policy 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
converted to Paid-up Policy.
• There will not be any Loyalty Benefits w.r.t. any Top-Up premiums paid or any Top-up Premium Fund Value
• The amount of Loyalty benefits will be added into each fund will be in the same proportion of the Regular Premium Fund
Value or the Single Premium Fund Value (as applicable in the policy) as at the date of Loyalty Benefit. Unit Price as on the
date of Loyalty Benefit will be used for the unitisation.
• 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 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) The total amount of all mortality charges will be added into each fund will be in the same proportion of the Fund Value as
at the date of addition. Unit Price as on the date of addition will be used for the unitisation.
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
premium fund value as a percentage of the average of your previous three years daily single/regular pre-
mium 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. Also no Family Benefit will be available on the
discontinuance or paid-up of the policy
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. Unit Prices as on the date of Family Benefit addition will be used for the unitization.
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.
1. Bajaj Allianz Life Linked Accident Protection Rider II UIN: 116A057V01
Please refer to respective rider sales literature or visit the insurance company’s website or consult your
insurance 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 IV 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
premium paid by Pawan is Rs. 10,00,000. Let’s see the benefits available under the Policy.
Total Survival & Maturity Benefit:
At the end of At the end of
At the end of 20th year
10th year 15th year
At
Return of Total Benefit
Assumed Return of
Allocation Fund Booster Maturity Benefit [A+B+C]
return3 Fund Booster Mortality Charge
Charge [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 17,052 5,437 14,12,101 14,34,590**

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 Assumed
Return of Allocation Death Benefit at 17th year
return3 Fund Booster
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.
3
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 As per maximum Sum Assured
Premium Payment Frequency Yearly, Half-yearly, Quarterly and Monthly
Regular/ Limited Premium:
Minimum:
Age at Entry less than 50 Y: 7 times Annualized Premium
Age at Entry 50 Y and Above: 5 times Annualized Premium

Maximum: 10 times Annualized Premium

Single Premium:
Minimum & Maximum Sum Minimum:
Assured Age at Entry less than 50 Y: 1.25 times single premium
Age at Entry 50 Y and Above: 1.10 times single premium
Maximum: maximum sum assured will be based on policy term and age:
Age SA multiple
<=40 years 10 times SP for policy term <=10 years
$

1.25 times SP for policy term > 10

years
>40 years 1.25 times SP
Single/ Regular/ Limited
Minimum Top up Sum Assured Age at Entry less than 50 Y: 1.25 times Top up Premium
Age at Entry 50 Y and Above: 1.10 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

Maximum Sum Assured shall be as per the Board Approved Underwriting Policy (BAUP)
Minimum and Maximum Premium shall be as per the Board Approved Underwriting Policy (BAUP)
$
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 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 and
rider covers if any 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, 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 IV 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 Seventeen (17) 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 Funds 4
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 in-
vestment at least 50% will be in mid cap
stocks
Bank deposits 0% to 40%
Money market instruments Cash, Mutual Funds 4
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.
Portfolio Allocation:
Equity Not less than 60%
Bank Deposits 0% to 40%
Money market instruments Cash, Mutual Funds 4
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 Funds 4

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 Funds 4
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 Funds 4
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 market 0% - 35%
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.
Portfolio Allocation:
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 65%- 100%
Bank deposits, money market instrument and mutual funds 4
0%- 35%

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:
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%

xiv. Midcap Index fund5 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 Market 0% - 35%
Instruments
xv. SmallCap Quality Index Fund5 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 Market 0% - 35%
Instruments

xvi. Nifty Alpha 50 Index Fund5 Risk Profile: Very High (SFIN: ULIF09221/05/24NYAPA50IND116)
To provide capital appreciation through investment in equities forming part of Nifty Alpha 50 Index.
Portfolio Allocation
Equity & Equity related instruments 65% - 100%
Cash, Bank Deposits, Liquid Mutual Funds and Money Market 0% - 35%
Instruments

xvii. Nifty 200 Alpha 30 Index Fund5 Risk Profile: Very High (SFIN: ULIF09321/05/24N200AP30IN116)
To provide capital appreciation through investment in equities forming part of Nifty 200 Alpha 30 Index
Portfolio Allocation
Equity & Equity related instruments 65% - 100%
Cash, Bank Deposits, Liquid Mutual Funds and Money Market 0% - 35%
Instruments

The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.
4

Please note that the fund aims to replicate the performance of benchmark index, subject to tracking error.
5

• 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.
• After taking prior approval from IRDAI, the Company may carry out addition, closure, or merger of the
Funds available under this Policy. “Liquid Fund” will be the default fund in case of closure or modification
of any fund in future.
 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 Regular/
Limited/ single Premium and the Top up Premium, if any, would be allocated in the Funds men-
tioned (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 company will reallocate the Regular Premium Fund value/Single 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 company will reallocate the Regular Premium Fund value/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 maturity” and
level of risk on investments to optimize the returns.
• The Premium (Regular/Limited/single and Top up Premium, if any) and Fund value (Regular Pre-
mium Fund value/single premium fund value and Top up Premium Fund value) allocation/reallo-
cation 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, (af-
ter 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 save 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 the next Premium due 11 10 9 8 7 6 5 4 3 2 1
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 Premi-
um payment term is at least 5 years
• The objective of the strategy is to optimise risk and return, by investing across five pre-deter-
mined Funds, which are a mix of very high to low risk Funds, in such a way that the monies invest-
ed 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 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 propor-
tion 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 Accelerator

Pure Stock
Maturity (in Growth Fund Midcap Fund Bond Fund Liquid Fund Total
Fund II
years) II 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 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.

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 two (2)
times of the Annualized Premium, after a Partial Withdrawal
` The maximum amount of Partial Withdrawal at any one time is 50% of the Regular Premium
Fund Value, as on the withdrawal request date.

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, after a Partial Withdrawal
• The maximum amount of Partial Withdrawal at any one time is 25% of the Single Premium
Fund Value, as on the withdrawal request date.
• The minimum amount of Partial Withdrawal at any one time is Rs. 5,000/-.
• 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.
• The policyholder will have the option to choose the fund he wants to do partial withdrawals
 from.
• No Charges would be levied for partial withdrawal.
• In case of Minor life policy, partial withdrawal is allowed after attaining Age 18 years.
• The Company reserves the right at any time and from time to time vary the conditions, by giv-
ing written notice of three months in advance, subject to prior approval from IRDAI.
• In the Investor Selectable Portfolio Strategy, the Policyholder will have the option to choose
the Fund he wants to do partial withdrawals from. In Wheel of Life Portfolio Strategy II, Capital
Preservation Oriented Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio
Strategy, withdrawal of Units from each Fund will be done in the same proportion as the val-
ue of the Units held in that Fund as on date of withdrawal. The Policyholder will not have any
choice to opt the Fund from which the partial withdrawal of Units is to be done.

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.
• You will also have an option to take these Periodical Money Backs in one-lump sum or over a
period of 12 continuous months. The total amount of LB due will be spread over 12 continuous
months; i.e. (Total Amount/12) per month.
• If You opt for lumpsum, then Loyalty Benefits will be paid by cancellation of units at the then pre-
vailing unit price/NAV
• 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 respec-
tive unit price/NAV
• A partial withdrawal shall not be allowed if it will result in foreclosure of the Policy
• In the Investor Selectable Portfolio Strategy, the Policyholder will have the option to choose the
Fund he wants to do partial withdrawals from. In Wheel of Life Portfolio Strategy II, Capital Pres-
ervation Oriented Strategy, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy,
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. The Policyholder will not have any choice to opt the
Fund from which the partial withdrawal of Units is to be done.
• No charges would be levied for Partial Withdrawal
• The Company reserves the right at any time and from time to time vary the conditions, 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/Limit-
ed/Single Premiums have been paid. The Top up Premiums would be treated as a Single Premi-
um.
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 in-
crease this minimum payable from time to time subject to approval from the IRDAI.
d) The Company reserves the right to disallow a Top up Premium based on the board approved un-
derwriting policy.
e) 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.
f) Top-up premiums can be remitted to the Company during the Policy term only.

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 vari-
ous 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 reg-
ular/limited/ Single/ 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 appor-
tionment is altered.
 Switching between Funds - Only under the Investor Selectable Portfolio Strategy

• You can switch units from one Fund to another at any time, by giving written notice to the compa-
ny, 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. In-
vestor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strat-
egy 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 Pres-
ervation-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 Portfolio Strate-
gy, 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 allo-
cated 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 Premi-
um payment frequency (i.e., yearly, half-yearly, quarterly or monthly), provided the existing & request-
ed 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

Such change can be done by giving written notice to the Company thirty (30) days’ prior to the Policy
Anniversary
Quarterly & Monthly Premium payment frequency will be available under auto-debit options as ap-
proved 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 premiums
• 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 pro-
vided 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 combi-
nation 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 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 Premium, the prevailing Sum Assured under the Policy will be corre-
spondingly 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 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 in-
stallment 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 appli-
cable 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 nomi-
nee 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 settlement
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%. There-
fore, 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 ap-
plicable on the installment date
f. Investment 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 number of outstand-
ing 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/limited Premiums due during the first five Policy years, the Policy
will be converted to a Discontinued Life Policy (without any risk cover, Guaranteed Benefit, Peri-
odical Money Backs/Loyalty Benefits, ROMC) at the end of the grace period, and the Regular Pre-
mium 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 un-
paid 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 Discon-
tinued 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/limited 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 or Rider cover. The Paid-up Sum As-
 sured 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 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 cov-
er or any additional rider 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 As-
sured 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 discontin-
uance 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, any rider cover, Guaranteed Benefit, Peri-
odical 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 pro-
portion as it existed on the date of discontinuance, at their prevailing Unit Price/NAV.
4. 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.
5. The Periodical Money Backs/Loyalty Benefits due-but-not-allotted during the period the Pol-
icy 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) As per IRDAI (Insurance Product) Regulation 2024, Schedule I, Clause 2, Section A, Sub-Section v,
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 declaration 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 1(8) of the IRDAI (Actuarial, Finance and In-
vestment) Regulations, 2024]
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 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 Compa-
ny 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 con-
tinuance 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 Company shall re-
serve its right to change the exposure of all or any part of the Fund to Money Market Instruments
[as defined under Regulations 1(8) of the IRDAI (Actuarial, Finance and Investment Functions of
Insurers) Regulations, 2024] in circumstances mentioned under points (a and b) above. The ex-
posure 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 reason-
ably 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 Com-
pany.
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 (years) 1 2 3-5 6 to PPT
Yearly Mode 6% 6% 6% Nil

Premium Other Modes 5% 5% 5% Nil

Allocation Charge Single Premium
Policy Year (years) 1 2 3-5
Single premium 3% - -
Top-up Premium: 2%
Regular/ Limited Premium:

First 5 years 6th year to 10th year 11th year till PT

Policy 1.08% of Annualized Pre- 2.16% of Annualized Premium per
Nil
Administration mium per annum annum
Charge(PAC) Single Premium:
First 5 years 6th year to 10th year 11th year till PT
Nil 0.50% of Single Premium per annum

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%
Fund Asset Allocation Fund II 1.25%
Management
Charge (FMC) Bluechip Equity Fund 1.25%
Flexi Cap Fund 1.35%
Sustainable Equity Fund 1.35%
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%
Nifty Alpha 50 Index Fund 1.35%
Nifty 200 Alpha 30 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.
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/-
year
Lower of 20% * (AP or FV) Lower of 6%* (AP or FV)
1
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
Discontinuance /
Surrender Charge 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 to
4
maximum of `1,000 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)
Lower of 2.0% *(SP or FV) sub-
1 subject to a maximum of
ject to a maximum of `3000/-
`6000/-
Lower of 0.70% *(SP or FV)
Lower of 1.5% *(SP or FV) sub-
Discontinuance / 2 subject to a maximum of
ject to a maximum of `2000/-
Surrender Charge `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) sub-
4 subject to a maximum of
ject 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.

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 deduct-
Mortality Charge
ed as charges by cancellation of units.
Mortality Charge for the life assured will be deducted at each monthly anniversary by
cancellation of units at the prevailing unit price.
Goods & Service
Tax/any other tax,
As applicable on all Charges mentioned above. Current GST rate is 18%.
subject to 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, Mortality charge and Rider 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 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
• The company will give a notice of three (3) months to the policyholder for any changes in the above men-
tioned charges. The policyholder/life assured who does not agree with the revised charges shall be al-
lowed to surrender the policy at the then prevailing unit value. Discontinuance charge will be applicable
if the surrender is during the lock-in period, otherwise, not.

Termination

• Policy will terminate on payment of the last instalment.If you have opted for the Settlement Option
` If you have opted for the Settlement Option
• This Policy shall automatically and immediately terminate on the earlier occurrence of any of the follow-
ing 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
` 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 penalty or 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

• You will be provided a free look period of 30 days beginning from the date of receipt of policy doc-
ument, whether received electronically or otherwise, to review the terms and conditions of such
policy except for those policies with tenure of less than a year.
• In the event you disagree to any of the policy terms or conditions, or otherwise and has not made
any claim, you shall have the option to return the policy to the insurer for cancellation, stating the
reasons for the same.
• Irrespective of the reasons mentioned, you will be entitled to a refund of the premium paid subject
only to a deduction of a proportionate risk premium for the period of cover and the expenses, if
any, incurred by the insurer on medical examination of the proposer and stamp duty charges.
• In addition to the deductions mentioned above, the company shall also be entitled to repurchase
the units at the price of the units on the date of cancellation.
• The request for cancellation of the policy during free look period shall be processed and premium
shall be refunded within 7 days of receipt of such request.

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) annualized pre-
mium for regular premium policy or 1/10th the single premium for single premium policy, the policy
shall be foreclosed, and any discontinuance value / surrender vale shall be paid to the policyholder,
as per the conditions in the surrender value 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 you 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 benefi-
ciary 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.
There is no other exclusion applicable with respect to death other than suicide clause.
 Definitions

a. Fund value: Fund Value is the sum total of the Single Premium Fund Value/Regular Premium
Fund Value and the Top up Premium Fund Value, if any.
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. Total Premiums Paid: Total premiums paid shall be Sum of all regular/limited/single premiums
and any top-up premiums paid till date
f. Prevailing Sum Assured: Prevailing Sum Assured is the Sum Assured prevailing on the date of
death and will be used to determine the Death Benefit under the Policy.
g. 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 num-
ber of Regular Premiums payable under the Policy.
h. Annualized Premium: Annualized Premium is the premium amount payable in a year, excluding
the taxes, rider premiums, underwriting extra premiums on rider, if any
i. 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.
j. Discontinued Life Policy Fund: means a segregated Fund, constituted by the Fund Value of all
the Discontinued Life Policies, and is maintained by the Company in accordance with the “IRDAI
(Insurance Products) Regulations, 2024” 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 Policy years,
the Fund valueless the Discontinuance/ Surrender charge as on the date of Discontinuance/ Sur-
 render 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%

k. 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/Sur-
render 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 Discon-
tinued 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 (Insurance Products) Regulations, 2024”.
4. The Fund Management Charge and the minimum guaranteed rate of investment return as men-
tioned above, for the calculation of the Discontinued value may change from time to time as per
the IRDAI guidelines.
l. 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 cir-
cumstances, 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 consul-
tation 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 amend-
ed 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
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 pro-
spectuses 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 Insur-
ance 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 adjust-
ment.
 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 follow-
ing, 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 IV 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, Midcap
Index Fund, Smallcap Quality Index Fund, Nifty Alpha 50 Index Fund and Nifty 200 Alpha 30 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 Auto Transfer Portfolio Strategy offered currently with Bajaj Allianz Life Smart Wealth Goal
IV 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 Index Fund, Nifty Alpha 50 Index Fund and Nifty 200 Alpha 30 Index Fund
do not offer a guaranteed or assured return.
• The investment 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 know the associated risks and the applicable charges, from your Insurance agent or the
Intermediary or policy document issued by the insurance company.
 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 IV

Sales: 1800 209 4040 Service: 1800 209 7272 UIN : 116L194V01

E-mail: [email protected] 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
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 IV. 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.

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.

BJAZ-BR-EC-09511/24