Download Brochure - Bajaj Allianz

More documents

Recommendations

Info

Regular Premium: is equal to base regular premium plus rider premiums, if any.All requests received for any unit transaction till the cut-off time of a day shall be processed at the unit priceof the same day. The requests received after the cut-off time of a day shall be processed at the unit price ofthe next day. The request for unit transaction can be premium payment/surrender/partialwithdrawal/death claim. Currently the cut-off time is 3.00pm for applicability of unit price for a particularday.Discontinued Policy Fund: is the fund maintained by the Company that is set aside and is constituted by thediscontinuance fund value of the Discontinued Policies determined in accordance with the “IRDA(Treatment of Discontinued Linked Insurance Policies) Regulation, 2010”.Discontinuance Value:a) The discontinuance value of a policy will be the higher of The regular premium fund value less the discontinuance charge, plus the top up premium fund value, ifany, all as on date of discontinuance, accumulated at the rate of return earned on the discontinuedpolicy fund net of fund management charge OR The regular premium fund value less the discontinuance charge, plus the top up premium fund value, ifany, all as on date of discontinuance, accumulated at the minimum guaranteed rates of investmentreturn. The minimum guaranteed rates of investment return is same as the rates of interest asapplicable to the Savings Bank Account of State Bank of India during the period the policy was indiscontinuance.b) In accordance with the IRDA regulation, the current applicable fund management charge ondiscontinued policy fund is 0.5% per annum.c) The fund management charge and the minimum guaranteed rates of investment return as mentionedabove may change from time to time as per the IRDA guidelines.Valuation Date: We aim to value the funds on each day the financial markets are open. However, we mayvalue the funds less frequently in extreme circumstances, where the values of assets are too uncertain. Insuch circumstances, we may defer the valuation of assets for up to 30 days until we feel that certainty as tothe value of assets is resumed. The deferment of valuation of assets will be with prior consultation with theIRDA.
Death BenefitIn case of a single life policy: The death benefit will be sum assured plus fund value, subject to minimumguaranteed death benefit, as on date of receipt of intimation of death at the Company's office.In case of a joint life policy where your spouse is also covered under your policy: The death benefit will beas follows subject to the minimum guaranteed death benefit in the following paragraph:Death Benefit payable on the death of the primary life assured: If death of the primary life assured occurs first, the death benefit will be the sum assured with respect tothe primary life assured. Thereafter the policy will vest on the life of the spouse. If death of the primary life assured occurs after the death of the spouse, the death benefit will be the sumassured with respect to the primary life assured plus the fund value as on date of receipt of intimation ofdeath at the Company's office.Death Benefit payable on the death of the spouse: If death of the spouse occurs first, the death benefit will be the sum assured with respect to the spouse. If death of the spouse occurs after the death of the primary life assured, the death benefit will be the sumassured with respect to the spouse plus the fund value as on date of receipt of intimation of death at theCompany's office.Minimum Guaranteed Death Benefit Death before attaining age 60 years: In case of death of any life assured before attaining age of 60 years,the minimum guaranteed death benefit will be equal to 105% of regular premiums paid plus any top uppremiums paid till date; reduced by the value of the units withdrawn through partial withdrawals fromregular premium fund value and top up premium fund value in the 24 months prior to the date of death. Death on or after attaining age 60 years: In case of death of any life assured on or after attaining age 60years, the minimum guaranteed death benefit will be equal to 105% of regular premiums paid plus anytop up premiums paid till date; reduced by the value of the units withdrawn through partial withdrawalsfrom regular premium fund value and top up premium fund value during the 24 months prior to attainingage 60 and all subsequent partial withdrawals on or after attaining age 60.If the death of the primary life assured and/or the spouse is due to an accident and the age at the time ofdeath is 7 years & above, an additional benefit equal to the regular premium sum assured of the primary lifeassured and/or spouse shall also be paid.
Page 2 and 3: Lehrbrief für Fußball-Schiedsrich
Page 4: II) Accelerator Mid-Cap Fund II- Ri
Page 7: You will not have the option to swi
Page 11 and 12: Computation of NAVThe NAV of the Fu
Page 13: No risk cover or additional rider b
Page 17 and 18: ForeclosureIf, after five (5) polic
Page 19 and 20: What are the Charges under the Plan
Page 21 and 22: All benefits payable under the Poli

Download Brochure - Bajaj Allianz

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?