Bajaj Allianz Life eTouch II (116N198V02)
Features
- Shield for your life to cover Death & Terminal Illness
- Flexibility to pay premiums throughout the policy term, or for a limited number of years, or till your retirement (Age 60)
- Get back your Total Premiums Paid as Maturity benefit1
- Extra payout in case of death due to accident2
- Choose how your family receives the benefit in your absence, as a lump sum or as monthly income for 5 /10/ 20/ 30 / 40 years or a combination of both.
- Option to defer premiums by up to 12 months with Auto Cover Continuance Benefit
- Exit early (after your need for cover is over) and get back your paid premiums as Early Exit Value3
- Premium Holiday option which helps you skip your premiums for 1, 2 or 3 years during the premium payment term
- Enhance your protection through our comprehensive riders.
- Tax benefits as per prevailing tax laws
1Maturity Benefit is available with Life Shield ROP variant
2Accidental Death Benefit is available with Life Shield Plus variant
3Early Exit Value is available with Life Shield & Life Shield Plus variant
Eligibility Criteria
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Parameter |
Variant |
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Life Shield & Life Shield Plus |
Life Shield ROP |
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Cover up to Age 99 |
Cover not up to Age 99 |
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Age at Entry |
Minimum: 18 years Maximum: 65 years (For Pay till 60 option, Maximum: 55 years) |
Minimum: 18 years (For Pay till 60 option, Minimum: 25 years) Maximum: 65 years (For Pay till 60 option, Maximum: 55 years) |
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Age at maturity |
99 years (For Life Shield Plus, for ADB: 85 years) |
Minimum: 28 years |
Minimum: 28 years |
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Maximum: 85 years |
Maximum: 85 years |
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Minimum Policy term |
99 minus Age at Entry (For Life Shield Plus, for ADB: 85 minus Age at Entry) |
10 years |
10 years |
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Maximum Policy term |
85 minus Age at Entry |
50 years |
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Premium Payment term |
Limited Premium |
Limited Premium or Equal to Policy term |
Limited Premium or Equal to Policy term |
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In Limited Premium, the Premium Payment Terms available are 5 Pay, 6 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay and Pay till Age 60 In Limited Premium, PPTs are subject to maximum PPT cessation age of 75 years |
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Minimum Sum Assured |
Rs.50,00,000 |
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Maximum Sum Assured |
No limit, subject to Board Approved Underwriting Policy |
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ADB Sum Assured (For Life Shield Plus Variant) |
Minimum: Rs.5,00,000 Maximum: Rs.2,00,00,000 ADB Sum Assured selected at inception will be in a proportion of 10%-100% of base sum assured |
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TI Sum Assured |
Minimum: Rs.5,00,000 Maximum: Rs.2,00,00,000 TI Sum Assured will be as per the base sum assured subject to the above limits |
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Minimum & Maximum Premium |
As per the minimum & maximum Sum Assured |
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As per the minimum & maximum Sum Assured |
Yearly, Half yearly, Quarterly and Monthly Half yearly, Quarterly and Monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions. |
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The product is available for sale through online mode.
All the references to age are Age as on last birthday. In Life Shield ROP variant, for Limited Premium, the minimum difference between Policy term & Premium Payment Term shall be five (5) years Premium rate for female life will be with 3-year set-back.
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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 eTouch II. Please ask for the same along with the quotation.
“The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”