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Insurance Company
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Bajaj Allianz Life Insurance Company Ltd
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Plan Name
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Bajaj Allianz Smart Investment Plan
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Plan Nature
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ULIP
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Plan Category
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Term Plan
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UIN No.
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116L076V01
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About Plan
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Bajaj Allianz Smart Investment Plan (SIP) is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. The Policy holder is solely responsible for his/her decisions while investing in ULIPs. Bajaj Allinz Life Insurance and Bajaj Allianz Smart Investment Plan (SIP) are the names of the company and the product respectively and do not in any way ndicate 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 exclusiions related to Bajaj Allianz Smart Investment Plan (SIP).
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Minimum Entry Age
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0 Years (18 years in case of additional Rider Benefits)
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Maximum Entry Age
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60 Years (50 years in case of additional Rider Benefits)
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Minimum Maturity Age
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18 Years
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Maximum Maturity Age
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70 Years (additional Rider Benefits ceasing Age 65 years)
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Minimum Policy Term
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10 Years
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Maximum Policy Term
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70 minus age at entry
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Minimum Regular Premium
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Rs. 50,000 per pearly installmentRs. 25,000 per half Yearly installmentRs. 12,500 per quarterly installmentRs. 5,000 per monthly installment
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Maximum Premium
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No Limit
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Minimum Top Up premium
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Rs.5,000
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Maximum Top Up premium
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No limit
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Minimum Sum Assured
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5 times Annualized Premium
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Maximum Sum Assured
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Policy Term times Annualized Premium
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, you will receive regular premium fund value and top up premium fund value, if any.
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Death Benefits
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On death occurring before the age of 7 years: The benefit payable will be the regular premium fund value plus top-up premium fund value, if any.On death after the age of 7 years and before the age of 60 years: The benefit payable would be the sum assured less value of partial withdrawals made in the last 24 months prior to the date of death or the fund value as on date of receipt of intimation of death at the Company's office, whichever is higher.On death of the life assured on or after attaining the age of 60 years: The benefit payable would be the sum assured less value of partial withdrawals made, within 24 months before attaining age 60 years and all partial withdrawals made after attaining age 60 years or the fund value as on the date of receipt of intimation of death at the office, whichever is higher. The death benefit payable would be calculated separately for regular premiums and top up premiums.
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Partial Withdrawal Benefit
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You have the option of unlimited number of partial withdrawals to withdraw your money anytime after three years, provided three full years' regular premium have been paid.The minimum amount of withdrawal is Rs. 5,000 and minimum regular premium fund value that needs to be maintained after each withdrawal three times annualized premiums All partial withdrawals will be first made from eligible top up premium units, if any. Once the top up premium units are exhausted, further partial withdrawals will be made from regular premiums units.
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Surrender Benefit
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The surrender value of the policy will be equal to the fund value less surrender charge, if any. Your fund value shall be determined on the basis of the unit price as applicable on the date of receipt of written request to surrender the policy. However, if no such request is received then surrender value shall be based on the unit value as on date of termination of the policy.Anytime after three years from the date of commencement of the policy, provided due premiums for first three policy years have been paid, the policyholder will have the option to avail of surrender benefit by complete surrender of units.
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Tax Benefits
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| No data for Tax Benefits |
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| No data for Plan Speciality |
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund
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Particulars
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Range
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Asset Allocation Fund
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Equities
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0% - 100%
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Debt
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0% - 100%
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Money Market Instruments
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0% - 20%
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Bond Fund
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Money Market Instruments
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0% - 20%
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G-Secs, Bonds & Fixed Deposits
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80% - 100%
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Equity Growth Fund
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Bank Deposits & Money Market Instruments
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0% - 20%
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Equities
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80% - 100%
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Asset Allocation Fund
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21-May-13
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15.2403
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Bond Fund
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21-May-13
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18.858
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Equity Growth Fund
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21-May-13
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19.3384
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Asset Allocation Fund
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Bond Fund
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Equity Growth Fund
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03-Jul-09
10:49
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Bajaj Allianz has invested Rs 50 cr SKS Microfinance
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16-Jun-09
10:59
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Bajaj Allianz Life has launched Invest Plus
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21-May-09
11:46
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Bajaj Allianz Life Insurance posted profit of Rs 45 Cr in FY09
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13-May-09
12:59
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Bajaj Allianz Life launched ULIP plan
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21-Apr-09
10:41
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Allianz expands India presence into asset management
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11-Apr-09
10:45
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Policies for women : Bajaj Allianz
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31-Mar-09
09:46
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Bajaj Allianz to insure all Volkswagen vehicles
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17-Feb-09
16:20
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Bajaj Allianz launches CenturyPlus II
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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16-Jan-09
16:20
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Bajaj Allianz Life Insurance GWP is Rs 6726cr
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17-Dec-08
14:15
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Equity-based Ulips outdo indices
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13-Dec-08
11:20
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Allianz sees bright future for its Asian operations
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21-Nov-08
09:56
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Bajaj Allianz to infuse Rs.300 Cr
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30-Aug-08
10:12
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Vijender Singh snapped up by Bajaj Allianz Life Insurance
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22-Aug-08
17:00
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Bajaj Allianz Life Insurance is going in for a rejig
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18-Aug-08
11:40
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Bajaj Allianz Introducing Bajaj Allianz Fortune Plus
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