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

Early retirement ke baad mile

aapke passion ko nayi shuruaat.

SAMJHO HO GAYA.
Bajaj Allianz Life
LongLife Goal
A Unit-linked Non-Participating Whole Life Insurance Plan
Bajaj Allianz Life
LongLife Goal
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 LongLife Goal

Being prepared for long life is not only about saving. It's also about having an ongoing income stream that sustains your life style so that
You continue to live your life.

Key Advantages
Bajaj Allianz Life LongLife Goal is a Non-participating, Life, Individual, Whole of Life Unit-Linked,Regular Premium Payment Endowment
plan. The key advantages of Bajaj Allianz Life LongLife Goal are as follows:

Opt for Retired Life Income to meet 12 Choice of 2 plan variants#: LongLife Goal without Waiver
Retirement Goals of Premium & LongLife Goal with Waiver of Premium

Whole of Life Insurance Cover Periodical Return of Waiver of Premium charges*

Retired Life Income till

age 99 years with Return Enhancer Choice of 4 investment portfolio strategies

Periodical Return of Life Cover charges Choice of fourteen (14) funds

th
Loyalty Additions every year from 5th
5
25th Policy Year till 25th Policy Year Option to reduce premium

Note - *Depending on the variant chosen

#
Variant can only be chosen at inception. Once opted, the variant cannot be changed during the term of the Policy. Policy
charges will depend upon the variant chosen.

How does the Plan work?

Step 1: Choose the plan Variant-LongLife Goal with Waiver of Premium OR LongLife Goal without Waiver of Premium at inception#
Step 2: Choose your Premium amount
Step 3: Premiums are allocated to your funds@ as per investment portfolio strategy chosen by You
Step 4: The Units are allocated at the prevailing Unit Price of the fund. The Mortality charge, Waiver of Premium charge and Policy
administration charge are deducted monthly through cancellation of Units. Fund management charge is adjusted in the Unit
Price.
@
Allocation Charge is NIL for online sales.

Benefits payable

Maturity Benefit ` `
`

Under Bajaj Allianz Life LongLife Goal, the Maturity Benefit will be the Fund Value as on the Maturity Date, provided the Policy is in-force.
Bajaj Allianz Life
LongLife Goal

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:
a. Prevailing Sum Assured%
b. Fund Value
The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the Total Premiums* paid, till the date of death.
* Total Premiums paid shall be sum of all Regular Premiums paid till date.
All the above is paid as on date of receipt of intimation of death of the Life Assured, at the Company’s office.
Note:
• %Sum Assured/Guaranteed Death Benefit– The benefit shall be reduced to the extent of the partial withdrawals(including Retired
Life Income)made during the two year period immediately preceding the death of the Life Assured.
• The Policy and all benefits will terminate on the date of receipt of intimation of death of the Life Assured.
• Under LongLife Goal with Waiver of Premium, if Waiver of Premium has already been triggered under the Policy, then, the
present value of future Waiver of Premium installments, discounted at 4% p.a. (from the date of death), shall be paid

How to exercise Retired Life Income (RLI)

You can choose for Retired Life Income, at inception or anytime during the Policy Term.
You may decide to receive the RLI –
a) At any Policy Anniversary on either attaining Age 55 years or after 10th Policy Year, whichever is later
b) As percentage of your Fund Value ranging from 0 to 12% per annum, as chosen by you, payable yearly, half yearly, quarterly or
monthly.
Note:
1. RLI payout is through Systematic Partial Withdrawal
2. The RLI percentage can be changed anytime during the Policy Term, even after start of RLI
3. The RLI will be paid over the remaining Policy Term or till You terminate the option, subject to availability of fund
4. The Fund Value after payment of instalment of RLI should not drop below 105%* Total Premiums paid till date. In case the
amount available (Fund Value less 105%* Total Premiums paid till date) for RLI is not sufficient to meet the percentage chosen
by You, an amount lower than the percentage chosen will be paid as RLI.
5. The RLI installment will be paid by redeeming Units from the funds in the same proportion as the Fund Value in each Fund and
will be redeemed at the Unit Price applicable on the date of each RLI instalment
6. Each RLI installment will be hiked-up by 0.5% over and above the percentage chosen by You. The hike-up is given as an
additional benefit to You. The hike-up is called the Return Enhancer
7. All charges including Mortality charges (as applicable in the Policy) shall be deducted during the period
8. Partial withdrawals will be allowed anytime even during the RLI period
9. You will have the option to exit out of the RLI option at any time, even if it is after the start of the RLI. Once exited You can opt for
RLI option again anytime during the Policy Term
10. Also, You will have the option to withdraw the Fund Value completely as Surrender Benefit, anytime even during RLI period.
11. In case of your Policy is converted to a Paid-up Policy, you will still be entitled for RLI benefit, subject to above terms & conditions
Bajaj Allianz Life
LongLife Goal

Partial withdrawal

You have the option to make partial withdrawals, any time after the fifth Policy Year, subject to the following conditions:
• The Fund Value should not fall below 105% of the prevailing Annualized Premium * Premium Payment Term (PPT), after a partial
withdrawal.
• The minimum amount of partial withdrawal at any time is ` 5,000.
• A partial withdrawal shall not be allowed if it will result in termination of the Policy.
• In case of minor Life Assured, partial withdrawal is allowed after attaining Age 18 years.
• Under Investor Selectable Portfolio Strategy, You will have the option to choose the fund You want to do partial withdrawals from. In
the Wheel of Life Portfolio 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. You will not have any
choice to opt the fund from which the partial withdrawal of units is to be done
• The Company reserves the right at any time and from time to time to vary the minimum/maximum value of units to be withdrawn,
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 a written notice of three months in advance, subject to prior approval from IRDAI.

Periodical Return of Life Cover Charges

The total amount of life cover charges, i.e., Mortality (life cover) charges deducted in the Policy, will be added back as Periodical
Return of Mortality Charge or PROMC, to the Fund Value at regular intervals, as mentioned below.
i. First addition will be at the end of the Policy Year in which You attain Age 60 years or end of the 15th Policy Year, whichever is later
ii. After that, at end of each subsequent 10th Policy Year
iii. The last addition will be done on the Maturity Date
PROMC 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) The amount of PROMC that will be added into the Fund at each interval of PROMC will be sum total of all the Mortality charges
deducted from, inception of the Policy or date of latest PROMC, whichever is later
2) Amount of Mortality charge will be allocated to the Fund(s) in the same proportion of Fund Value as on the date of addition.
3) In case the Premium(s) are un-paid and the Policy is revived during the Revival Period by paying all due Premiums, the PROMC
due-but-not-allotted will be added to the Fund as on the date of revival.
4) PROMC 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.

Waiver of Premium if LongLife Goal with Waiver of Premium, is opted

The Waiver of Premium Benefit is as mentioned below:

• If the Life Assured & Policyholder are the same, in case of Accidental Permanent Total Disability of the Life Assured during the
Premium Payment Term, Premiums for the rest of the Policy Term will be waived and the Policy will continue with all the benefits
• If the Life Assured & Policyholder are not the same, on earlier occurrence of Death or Accidental Permanent Total Disability of the
Policyholder during the Premium Payment Term, Premiums for the rest of the Policy Term will be waived and the Policy will continue
with all the Benefits
Waiver of Premium is not applicable under LongLife Goal without Waiver of Premium variant.
Bajaj Allianz Life
LongLife Goal

Periodical Return of Waiver of Premium Charge (if LongLife Goal with Waiver
of Premium, is opted)

The total amount of Waiver of Premium charges deducted in the Policy, will be added back as Periodical Return of Waiver of Premium
Charge or PROWC, to the Fund Value at regular intervals as mentioned below.
I. First addition will be at the end of the Policy Year in which Your (Life Assured's) Age is 60 years or end of the 15th Policy Year, whichever
is later
ii. After that, at end of each subsequent 10th Policy Year
The PROWC will be payable even after the WOP has been triggered in the Policy, to the extent of any unpaid PROWC. PROWC 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) The amount of PROWC that will be added into the fund at each interval of PROWC will be sum total of all the Waiver of Premium
charges deducted from, inception of the Policy or date of latest PROWC, whichever is later
2) Amount of WOP charge will be allocated to the fund(s) in the same proportion of the Fund Value as on the date of addition
3) In case the Premium(s) are un-paid and the Policy is revived during the revival period by paying all due Premiums, the PROWC due-
but-not-allotted will be added to the fund as on the date of revival
4) PROWC 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

Loyalty Additions (LA)

The Company shall allocate Loyalty Additions to the Fund Value as percentage of one Annualized Premium at the end of each Policy Year
commencing from the end of 5th Policy Year, provided all due Regular Premiums have been paid up to date. The Loyalty Additions
payable are as below:

Loyalty Additions (% of One Annualized Premium)1

Year Percentage

From the end of 5th year till end of 9th year 2% every year
th th
From the end of 10 year till end of 14 year 4% every year
th th
From the end of 15 year till end of 19 year 6% every year
th th
From the end of 20 year till end of 25 year 7% every year
1
Loyalty Addition is based on Prevailing Annualized Premium

Note:
1) The amount of LA added into each Fund will be in the same proportion of the value of those Funds as at the date of addition.
2) LA will not be paid for a Surrendered, Discontinued or Policy converted to Paid-up Policy.
3) In case the Premium(s) are un-paid and the Policy is revived during the revival period by paying all due Premiums, the Loyalty
Additions due-but-not-allotted during the period the Policy was in discontinuance will be added to the fund as on the date of revival.
Bajaj Allianz Life
LongLife Goal

Surrender Benefit

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 applicable Discontinuance/Surrender
charge, as on the Date of Surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the Company), and risk
cover under the Policy shall cease immediately.
ii. On surrender during the lock-in period, the option to revive the Policy will not be available to such a Discontinued Life Policy. The
Discontinuance Value as at the end of the lock-in period will be available as Surrender Benefit
iii. On surrender after the lock-in period of first five years of your Policy, the surrender value available will be Fund Value, as on the date of
surrender, and will be payable immediately.
iv. Under LongLife Goal with Waiver of Premium, if Waiver of Premium has already been triggered under the Policy, then, the present
value of future Waiver of Premium installments, discounted at 4% p.a. (from the date of surrender), shall be paid
v. The Policy shall thereafter terminate upon payment of the full Surrender Benefit by the Company.

Sample Illustration
Meeting the need of regular income to fulfil all LifeGoals till age 99 years
Let’s take an example to explain this further -
Rahul is 35 years old and has various LifeGoals to be achieved. He has taken a Bajaj Allianz Life LongLife Goal Policy (LongLife Goal
without Waiver of Premium) to meet his LifeGoals. He is paying a Premium of Rs 1 lac p.a. for a payment term of 20 years with a Sum
Assured of Rs 10 Lacs. Rahul has also opted for Retired Life Income option at 8% of fund value and has chosen for the payout to be
received annually. The total premium paid by Rahul is 20,00,000. Let’s see the benefits available under the Policy.

Total Survival & Maturity Benefit

Premium Payment Term 20 years Retired Life Income

35 year 55 year 65 year 85 year 99 year

Policy Term 65 years

When RLI is opted for –

Total of RLI from age 55
Total of Periodical Maturity Benefit at 99
At Assumed years till age 99 years
Total of Loyalty Return of Mortality years (Fund Value
investment return3 (Including Return
Additions (A) Charge (B) including A & B)
Enhancer)
of 8% 1,02,000 4,624 88,78,543 22,33,443
of 4% 1,02,000 5,348 26,86,891 21,50,739

When RLI is not opted for -

Total Maturity Benefit at 99
At Assumed Total of Loyalty Total of Periodical Return of
years (Fund Value including A
investment return3 Additions (A) Mortality Charge (B)
& B)
of 8% 1,02,000 4,624 5,99,30,836
of 4% 1,02,000 5,348 73,78,409
Bajaj Allianz Life
LongLife Goal

Death Benefit
In case of Rahul’s unfortunate death at the age 65 years, the Death Benefit, are as per the table given below.

Premium Payment Term 20 years Retired Life Income

35 year 55 year 65 year 85 year 99 year

Policy Term 65 years

When RLI is opted:

At assumed Total of Total of Total of RLI from age 55 Death Benefit at age
investment Loyalty Additions Periodical Return of years till age 65 years of 65 years
return3 (A) Mortality Charge (B) (Including Return Enhancer) (Including A & B)

of 8% 1,02,000 4,624 29,04,981 32,11,445

of 4% 1,02,000 5,348 9,53,134 21,50,739

When RLI is not opted for:

At assumed investment Total of Loyalty Additions Total of Periodical Return of Death Benefit at age of 65
return3 (A) Mortality Charge (B) years (Including A & B)
of 8% 1,02,000 4,624 73,75,295
of 4% 1,02,000 5,348 32,76,166

The death benefit is subject to the guaranteed benefit, which is 105% of the total premiums paid, till the date of death.
3
The above illustrations are considering investment is in the "Pure Stock Fund II and Goods & Service Tax of 18%"
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.

Features

Investment Options and Funds

Bajaj Allianz Life LongLife Goal provides You with four unique portfolio strategies, which can be chosen at the inception of your Policy:
l Investor Selectable Portfolio Strategy
l Wheel of Life Portfolio Strategy II
l Trigger Based Portfolio Strategy
l Auto Transfer Portfolio 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 fourteen (14) 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.
Bajaj Allianz Life
LongLife Goal
Portfolio Allocation:
Equity Not less than 60%
Bank deposits 0% to 40%
1
Money market instruments Cash, Mutual funds 0% to 40%

ii. Accelerator Mid-Cap Fund II Risk Profile – Very High (SFIN: ULIF05206/01/10ACCMIDCA02116)
The investment objective of this fund is to achieve capital appreciation by investing in a diversified basket of mid cap stocks and large
cap stocks.
Portfolio Allocation:
Equity Not less than 60%, Out of the equity investment at
least 50% will be in mid cap stocks
Bank deposits 0% to 40%
1
Money market instruments Cash, Mutual funds 0% to 40%

iii. 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, 0% to 25%
1
Fixed Deposits, Mutual funds

iv. 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%
1
Money market instruments Cash, Mutual funds 0% to 40%

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%
1
Money market instruments Cash, Mutual funds 0% to 40%
Bajaj Allianz Life
LongLife Goal
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%
1
Money market instruments, Cash, Mutual funds 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#

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
Portfolio Allocation:
Equity and Equity related Instruments 65% - 100%

Cash, Bank deposits, Liquid Mutual funds#

0% - 35%
and money market instruments

xi. Small Cap Fund Risk Profile- Very High (SFIN: ULIF08717/01/23SMALLCAPFU116)
To achieve capital appreciation by investing in a diversified basket of predominantly* small cap stocks.
Portfolio Allocation:

Equity#2 65%- 100%

Bank deposits, money market instrument and

0% - 35%
mutual funds

xii. Dynamic Asset Allocation Fund Risk Profile- High (SFIN: ULIF08617/01/23DYNASALLOC116)
The investment objective of this fund will be to realize a steady stream of current income and as well as generate 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 outlook 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%
Bajaj Allianz Life
LongLife Goal

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 65% - 100%

Money Market instruments 0% - 60%

xiv. Midcap Index Fund Risk Profile- Very High (SFIN: ULIF08919/10/23MIDCPINDFD116)
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

0% - 35%
Funds and Money Market Instruments

1
The maximum investment in mutual funds shall be governed by the relevant IRDAI guidelines.
#
The maximum investment in Liquid mutual funds shall be governed by the relevant IRDAI guidelines.
#2
minimum 60% in small cap stocks, Market-cap exposure is based on equity exposure re-scaled to 100%

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 Insurance Company.
You can switch out of this Portfolio Strategy at any policy anniversary by giving a written notice to the Insurance Insurance Company 30 days in
advance.

b) Wheel of Life Portfolio Strategy II:

• This provides You with a “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 this Portfolio Strategy is opted at the commencement of the Policy, your Regular Premium, 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:
o We will reallocate the fund value among various funds in the proportion mentioned in the table below depending on the
outstanding years to maturity of the Policy
o The regular premiums, if any, paid in that particular Policy Year will also be allocated in the same proportion.
• On each Policy Anniversary, we will reallocate your Fund Value among various funds in the proportion based on your outstanding
years to maturity.
• All allocation & de-allocation of unit will be based on the prevailing Unit Price
• This will ensure that a balance is maintained between your “years to maturity” and level of risk on your investments, to optimize
the returns
• The proportion of allocation/reallocation of your Fund Value into various funds based on your outstanding years to maturity will
be as follows:
Bajaj Allianz Life
LongLife Goal

Years to Proportion in Following Funds

Maturity Equity Growth Fund II Accelerator Mid-Cap Fund II Bond Fund Liquid Fund Total
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 this portfolio
strategy.
• You can switch out of this Portfolio Strategy at any subsequent 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:
• This strategy helps You in ‘Securing your Gains’ and maintain your asset allocation.
• You can opt for this Portfolio Strategy at the commencement of the Policy only
• Under this Portfolio Strategy, your premium (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 allocation may
subsequently get altered due to market movements.
• We will re-balance or reallocate funds in the portfolio based on a pre-defined trigger event. The trigger event is defined as a 15%
upward movement in Unit Price of Equity Growth Fund II, since the previous rebalancing or from the Unit Price at the inception of
the Policy, whichever is later.
• On the occurrence of the trigger event, 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.
• Such rebalancing will ensure that 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 opt out of this Portfolio Strategy at any subsequent 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 (after any Premium Allocation charge) 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 product) 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:
Bajaj Allianz Life
LongLife Goal
Outstanding no. of months till the
11 10 9 8 7 6 5 4 3 2 1
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.
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.

Premium Apportionment – Only under the Investor Selectable Portfolio Strategy

• Under the Investor Selectable Portfolio Strategy, You can choose to save fully in any one fund or allocate Your Regular Premium
into the fourteen (14) funds available in the Policy in a proportion that suits your investment needs. The Premium
apportionment to any fund must be at least 5% of the Annualized Premium
• You may, at any time, change the proportion of Regular Premium to the funds You wish to pay
• Miscellaneous charge, as mentioned in the Table of Charges given below, will be applicable for change in premium
apportionment
• 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
• In case of Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy, You cannot
change the apportionment. The apportionment of the allocated Regular Premium will be as per the respective Portfolio
Strategies.

Option to Reduce the Premium

a) You will have the option to reduce the prevailing Premium under the Policy after the first five (5) Policy years.
b) The reduction can be up to a maximum of 50% of the Premium at the inception of the Policy.
c) Once reduced, the same cannot be increased, even to extent of the Premium at inception of the Policy.
d) On receipt of the reduced Premium, the prevailing Sum Assured under the Policy will be correspondingly reduced.
e) Miscellaneous charge, as mentioned in the Table of Charges, will be applicable.

Switching between funds - Only under the Investor Selectable Portfolio Strategy
• You have the flexibility to switch units between your investment funds (even during the RLI period) according to your risk
appetite and investment decisions, 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 ` 5,000 or the value of units in the fund to be switched from, whichever is lower
• The Company shall do 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
• Switching between Funds is not allowed when Wheel of Life Portfolio Strategy II, Trigger Based Portfolio 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 four unique portfolio strategies i.e. Investor Selectable Portfolio Strategy,
Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy and switch into anyone of the
following three strategies - :
Investor Selectable Portfolio Strategy
Wheel of Life Portfolio Strategy II
Auto Transfer Portfolio Strategy
Bajaj Allianz Life
LongLife Goal
• Trigger Based Portfolio Strategy can be opted for only at inception. Once You have opted out of Trigger Based Portfolio Strategy, You
cannot choose the Trigger Based Portfolio Strategy again during the Policy Term
• Switching out of portfolio strategy can be done by giving a 30 days written notice to the Company prior to the Policy Anniversary
• On switching in to 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 in to the Wheel of Life Portfolio Strategy II or Auto Transfer Portfolio Strategy any, the existing Funds and the new
Premiums paid will be allocated as per the respective portfolio strategy.
Miscellaneous charge, as mentioned in the Table of Charges, will be applicable

Premium payment frequency

You can opt to alter your prevailing Regular 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 Policy.

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.

Top-up Premium
Top-up Premium option is not available under the Policy.

Settlement Option
Option to take Maturity Benefit in instalments -
a. You will have the option to receive your Maturity Benefit in installments (payable yearly, half yearly, quarterly or monthly) spread
over a maximum period of five (5) 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
e. Installment payment will be made by redeeming units from the Funds at the unit price applicable on the installment date
f. Savings risk during the settlement period will be borne by You
g. During this period, in case of death of the Life Assured, the Death Benefit, which will be the higher of 105% of Total Premium paid or
outstanding fund value, will be paid as a lumpsum to the nominee and the Policy will be terminated
h. No partial withdrawals are allowed during the settlement period
i. Only fund management charge and mortality charge shall be applicable during the 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 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 (5) years
b. The Death Benefit will be unitized in the same Fund(s) and in the same proportion as on the date of intimation of death. However, the
nominee has the option to switch fund(s)
c. The first instalment of the Death Benefit will be payable on the date of intimation of death
d. The amount paid out to the nominee in each installment will be the outstanding fund value, as at that installment date divided by the
number of outstanding installments, hiked-up by 0.5%. Therefore, each installment is equal to [Fund Value / No. of Outstanding
Installment] * 1.005. The hike-up is called the Return Enhancer
Bajaj Allianz Life
LongLife Goal
e. Installment payment will be made by redeeming units from the Fund(s) at the unit price applicable on the installment date
f. Savings risk during the settlement period will be borne by the nominee
g. No risk cover 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 outstanding units in the Policy multiplied by the unit price as on date of complete
withdrawal

Tax Benefits
Premium paid, Maturity Benefit, Death Benefit, partial withdrawal, Retired Life Income and Surrender Benefit may be 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

Eligibility Table
Parameter Details
Life Assured 0 years
Minimum Entry Age Policyholder (LongLife Goal with Waiver Of Premium)
18 years
Policyholder (LongLife Goal without Waiver Of Premium)
Life Assured
65 years
Maximum Entry Age Policyholder (LongLife Goal with Waiver Of Premium)
Policyholder (LongLife Goal without Waiver Of Premium) No limit
Minimum & Maximum
99 years
Age at Maturity
Policy Term 99 minus Age at Entry of Life Assured
Premium Payment Term
10 to 25 years
(PPT)
Minimum Age at end of Life Assured Policyholder
PPT 10 years 28 years
Policyholder (LongLife Goal Policyholder (LongLife Goal
Maximum Age at end Life Assured with Waiver of Premium) without Waiver of Premium)
of PPT 75 years No limit
Frequency Yearly Half-yearly Quarterly Monthly
Premium (in `) 25,000 12,500 6,250 2,500
Minimum Premium
Quarterly & Monthly premium payment frequency will be available under
auto-debit options as approved by RBI
No limit
Maximum Premium
As per maximum Sum Assured and Board Approved Underwriting Policy
Premium Payment
Yearly, Half-yearly, Quarterly and Monthly
Frequency
Minimum & Maximum 10 times Annualized Premium
Sum Assured 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 applicable Sum Assured multiplier
Risk will commence immediately on date of commencement of Policy. In case of a minor life, the Policy will vest on the Life Assured on attainment of age 18 years and the
life assured becomes the owner of the Policy. The original Policyholder ceases to be the owner of the Policy and the Waiver of Premium benefit cover will continue on
his/her life.
*Annualized Premium means the premium amount payable in a year excluding the taxes, rider premiums and underwriting extra premium on riders, if any.
Bajaj Allianz Life
LongLife Goal

Non-Payment of Premiums / Non-forfeiture

a) On Discontinuance of Regular Premiums due during the first five (5) Policy years, the Policy will be converted immediately &
automatically, to a Discontinued :ife Policy (without any risk cover, any additional rider cover, Guaranteed Benefit, Loyalty Addition,
PROMC or PROWC) at the end of the grace period, and the Fund Value less the Discontinuance/Surrender charge, 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.
ii) If you have opted to revive the Policy but has not revived the Policy within the revival period, immediately & automatically, the
Discontinuance Value shall be payable as the Surrender Benefit 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 the Discontinuance Value shall be payable as the Surrender Benefit, immediately &
automatically, at the end of lock-in period of five (5) Policy years.
iv) At any time you have the option to completely withdraw from the Policy without any risk cover or any additional rider cover,
Guaranteed Benefit, Loyalty Addition, PROMC, PROWC and receive the Discontinuance Value (as Surrender Benefit) at the end of
the lock-in period of five (5) Policy years or the date of surrender, whichever is later.
b) On discontinuance of Regular Premiums due after the lock-in period of five (5) 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 rider cover, Loyalty Addition, PROMC or PROWC. 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 (3) 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
(3) years from the date of first unpaid Premium, by paying all due Regular Premiums, OR
2) Option B: Intimate the Company to completely withdraw from the Policy without any risk cover or any additional rider cover
and receive the Surrender Benefit under the Policy as on the date of receipt of such intimation.
ii) If you have chosen the Option A above but does 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 benefit under the Policy as at the end of the revival period will be
payable to you, immediately & automatically.
iii) If you decide to surrender the Policy as per Option B above, the Surrender Benefit 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 Discontinuance 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 Fund Value] subject to
minimum Guaranteed Death Benefit, all, as on the date of receipt of intimation, shall be payable as the Death Benefit, and, then,
the Policy will terminate.

Revival
A discontinued Policy can only be revived subject to following conditions:
• The Company receives Your request for revival within three (3) years from the date of the first unpaid premium, 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 guidelines.
• On revival of the discontinued Policy,
1. The Policy will be revived restoring the risk cover, Guaranteed Death Benefit, PROMC, PROWC or Loyalty additions.
Bajaj Allianz Life
LongLife Goal
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 Discontinuance 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.
4. The Premium Allocation Charge as applicable during the discontinuance period shall be deducted from Regular Premiums
paid or from the Fund at the time of revival.
5. The Loyalty Additions, PROMC & PROWC due-but-not-allotted during the period the Policy was in Discontinuance shall be
added to the Fund Value.

Computation of Unit Price

The Unit Price 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 Regulation 33 & 34 of the IRDAI (Unit Linked Insurance Products) Regulations, 2019, the company will declare a ‘Single’ Unit
Price or Net Asset Value (NAV) for each segregated fund on a day-to-day basis.
b) The company specifies that, in the event of certain force majeure conditions, the 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 2(j) of the IRDAI (Investment) Regulations, 2016])
c) The Insurance Company shall value the Funds (SFIN) on each day for which the financial markets are open. However, the Insurance
Company may value the SFIN less frequently in extreme circumstances external to the Insurance Company i.e. in force majeure
events, where the value of the assets is too uncertain. In such circumstances, the Insurance Company may defer the valuation of
assets for up to 30 days until the Insurance Company is certain that the valuation of SFIN can be resumed.
d) The Insurance Company shall inform IRDAI of such deferment in the valuation of assets. During the continuance of the force majeure
events, all request for servicing the Policy including Policy related payment shall be kept in abeyance.
e) The Insurance Company shall continue to invest as per the fund mandates. However, the Insurance 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.
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 Insurance 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 Insurance Company.
In such an event, an intimation of such force majeure event shall be uploaded on the Insurance Company’s website for information.
Bajaj Allianz Life
LongLife Goal

Charges under the Plan

Charges Details
Prevailing Annualized Premium Policy Year 1 to 5 Policy Year 6 till PPT
Premium Less than `10 lacs 6% 3%
Allocation Charge `10 lacs & above Nil
For online sales - Nil
Policy
Administration Nil
Charge (PAC)
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
Bluechip Equity Fund 1.25%
Charge (FMC)
Flexi Cap Fund 1.35%
Sustainable Equity Fund 1.35%
Bond Fund 0.95%
Small Cap Fund 1.35%
Dynamic Asset Allocation Fund 1.35%
Individual Short Term Debt Fund 0.95%
Midcap index Fund 1.35%
Discontinued Life Policy Fund 0.50%
This charge would be adjusted in the Unit Price

Miscellaneous
A miscellaneous charge of `100/-
Charge

Where the Policy is Discontinuance charge for the Discontinuance/Surrender charge

discontinued during policies having Annualized Premium for the policies having Annualized
the Policy Year up to Rs. 50000/- Premium above Rs. 50000/-
Lower of 20% * (AP or FV) subject to Lower of 6% * (AP or FV) subject to
1
maximum of Rs. 3,000 maximum of Rs. 6,000
Discontinuance Lower of 15% * (AP or FV) subject to Lower of 4% * (AP or FV) subject to
2
/Surrender Charge maximum of Rs. 2,000 maximum of Rs. 5,000
Lower of 10% * (AP or FV) subject to Lower of 3% * (AP or FV) subject to
3
maximum of Rs. 1,500 maximum of Rs. 4,000
Lower of 5% * (AP or FV) subject to Lower of 2% * (AP or FV) subject to
4
maximum of Rs. 1,000 maximum of Rs. 2,000
5 & above Nil Nil
AP – Annualized Premium & FV – Fund Value

Mortality / Waiver of Premium 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 deducted as charges by
Mortality / Waiver cancellation of units.
of Premium Sample mortality charge for LongLife Goal without Waiver of Premium variant per annum per thousand of sum
Charge at risk for a healthy male life is shown below:

Age (yrs) 25 30 35 40 45 50 55 60
` 0.74 0.80 0.99 1.41 2.28 3.91 6.16 8.99
Bajaj Allianz Life
LongLife Goal
Charges Details

Sample Mortality and WOP charges for LongLife Goal with Waiver of Premium variant per annum per
thousand of sum at risk for a healthy male life is shown below:
a) In a policy where Policyholder and Life assured are different:
Life Assured Age (yrs) 25 30 35 40 45 50
Mortality Charge ` 0.74 0.80 0.99 1.41 2.28 3.91
Policyholder Age (yrs) 50 55 60 65 70 75
Mortality / Waiver WOP (On Death and
4.06 6.31 9.14 13.45 20.41 31.20
of Premium APTD) `
Charge b) In a policy where Policyholder and Life assured are same:
Life Assured Age (yrs) 25 30 35 40 45 50
Mortality Charge ` 0.74 0.80 0.99 1.41 2.28 3.91
WOP (On APTD) ` 0.15
Sum at risk is equal to Maximum of [Death Benefit – Fund Value, zero]. Additionally if LongLife Goal with Waiver
of Premium variant is opted for, the sum at risk for WOP is the sum of all outstanding Premiums, as on date of
calculation of WOP charge

Goods & Service Tax/

any other applicable
As applicable on all Charges mentioned above.
tax levied, subject to
changes in tax laws

Revision of Charges
After taking due approval from the Insurance Regulatory and Development Authority, the Company reserves the right to revise the
above mentioned charges, except the Premium Allocation charge, WOP 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
The Company shall give an advance notice of 3 months for any change in charges. The Policyholder/Life Assured who does not agree
with the revised charges shall be allowed to surrender the Policy, at the prevailing Unit Value. Discontinuance/Surrender Charge will be
applicable if the surrender is during the Lock-in Period, otherwise, not.

Termination
All risk cover under the Policy will terminate immediately, and the Policy will terminate on payment of the last instalment -
• If You have opted for the Settlement Option.
The 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 Settlement option has opted for
• On payment of Discontinuance Value or Surrender Benefit.
• The Maturity Date, unless the Policyholder has opted for the Settlement Option.
• The expiry of the Settlement period, if opted.
• On cancellation of Policy during Free look period

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.
Bajaj Allianz Life
LongLife Goal

Free Look Period

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

Foreclosure
If the fund value under any policy, after three (3) policy years, is lower than one (1) Prevailing annualized 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.

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, the nominee or beneficiary of the Policyholder 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 at the date
of intimation of death.

Accidental Permanent Total 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 plying 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. Fund Value: The Fund Value is equal to the total number of units pertaining to Regular Premium existing in each fund under a
Policy multiplied by the respective Unit Price on the relevant Valuation Date.
b. 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.
c. Unit Price: 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.
d. 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.
Bajaj Allianz Life
LongLife Goal

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 Value less 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%

e. Discontinuance Value:
1. The Discontinuance Value of the Policy will be higher of:
a) The Fund Value less the discontinuance/surrender, as on date of discontinuance/surrender accumulated at the rate of return
earned on the Discontinued Life Policy Fund net of fund management charge.
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 Discontinuance 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 Discontinuance 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
Discontinuance Value may change from time to time as per the IRDAI guidelines.
f. Valuation Date: The date when the Unit Price 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.
g. Accidental Total Permanent Disability means, disability of the Life Assured/Policyholder as a result of bodily injury caused by an accident
(a sudden unforeseen and involuntary event caused by external and visible means) and such injury shall within 180 days of its occurrence
solely, directly and independently of any other cause, resulting in the Life Assured/policyholder disability which must be permanent and
total.
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
h. Loss of both feet
i. Removal of lower jaw
Loss of both eyes means total loss of vision in both eyes, certified by an ophthalmologist.
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.
In permanent total disability, both the limbs should have motor-grade power less than or equal to 2/5.
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.
The Disability Benefit is paid if and only if disability is detected as per above Disability Condition
Bajaj Allianz Life
LongLife Goal

Statutory Information

Assignment: Section 38 of the Insurance Act, 1938

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

Nomination: Section 39 of the Insurance Act, 1938

Nomination should be in accordance with provisions of section 39 of the Insurance Act 1938 as amended from time to time.

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

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 upto 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 the Policyholder. This may change subject to change
in rate/state in address of the Policyholder as on date of adjustment.
The product is also available for sale through online mode.

Risks of Investment in the Units of the Plan

The proposer/Life Assured should be aware that the investment in the Units is subject to the following, amongst other risks and should
fully understand the same before entering into any unit linked insurance contract with the Company.
Unit Linked life insurance products are different from the traditional insurance products and are subject to the risk factors.
The Premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the
NAV of the units may go up or down based on the performance of the fund and factors influencing the capital market and You will
be responsible for your decisions.
Bajaj Allianz Life Insurance is only the name of the insurance Insurance Company and Bajaj Allianz Life LongLife Goal is only the
name of the 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, Flexi Cap Fund, Sustainable Equity Fund, ,
Small Cap Fund, Midcap Index Fund, Dynamic Asset Allocation Fund, Individual Short Term Debt Fund ,Asset Allocation Fund,
Bluechip 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 or Auto Transfer Portfolio Strategy offered currently with Bajaj
Allianz Life LongLife 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, Flexi Cap Fund, Sustainable Equity Fund, ,
Small Cap Fund, Midcap Index Fund, Dynamic Asset Allocation Fund, Individual Short Term Debt Fund , Asset Allocation Fund,
Bluechip Equity Fund, Liquid Fund & Bond Fund do not offer a guaranteed or assured return.
The savings in the Units are subject to market and other risks.
The past performance of the funds of the Insurance 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
LongLife Goal

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 LongLife 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 LongLife 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 LongLife Goal.

Disclaimer
All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration and is only a summary of
the product features. The Policy document is the conclusive evidence of contract and provides in detail all the terms, conditions and
exclusions related to Bajaj Allianz Life LongLife Goal. Please ask for the same along with the quotation or seek the advice of your
insurance advisor if you require any further information or clarification.

Contact Details

Regd. Office Address Toll Free No.

Bajaj Allianz Life Insurance Company Limited,

Sales: 1800 209 4040 | Service: 1800 209 7272
Bajaj Allianz House, Airport Road, Yerawada,
Pune. 411 006. Tel: (020) 6602 6777
Reg. No.: 116, CIN: U66010PN2001PLC015959

Web Site Mail us

www.bajajallianzlife.com [email protected]

Product Name & UIN

Bajaj Allianz Life LongLife Goal - UIN:116L156V03

Disclaimer
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. Please check with your tax consultant for eligibility.

BJAZ-BR-EC-04690/23