Bajaj Life eTouch II [116N198V05]

Key Advantage

  1. Flexible options- Life shield: Protection at low cost, Life Sheild Plus: Addition of Accidental Death Benefit,Life Sheild ROP-Affordable Term Plan with ROP.
  2. Auto Cover Continuous Benefit ( ACC): Defer premium upto 12 months.
  3. Zero Cost Term Plan: Early Exit & get upto 100% of total premium paid.
  4. Health Management Service: Inbuilt facility to opt for unlimited online doctor consultations & Annual Health check-ups worth Rs 36500 for female and Rs 31000 for male.

Eligibility Criteria

Parameters

Life Shield & Life Shield Plus

 

Life Shield ROP

 

cover up to Age 99

cover not up to Age 99

Age at entry

Minimum : 18 Years

Minimum : 18 Years

Maximum: 65 Years

( For Pay till 60 option, Minimum: 25 years) Maximum :65 years

( For Pay till 60 options , Maximum : 55 Years)

( For Pay till 60 option, Minimum: 25 years) Maximum :65 years

Age at Maturity

99 Years( for Life Shield Plus, for ADB : 85 Years)

Minimum:  28 years

Minimum:  28 years

99 Years( for Life Shield Plus, for ADB : 85 Years minus age at entry)

Maximum: 85 Years

Maximum: 85 Years

Minimum Policy Term

99 Years( for Life Shield Plus, for ADB : 85 Years minus age at entry)

10 Years

10 Years

Maximum Policy Term

85 minus Age at Entry

50 Years

Limited Premium or Equal to Policy Term

Limited Premium or Equal to policy term

Premium Paying Term

Limited Premium

Limited Premium or Equal to Policy Term

Limited Premium or Equal to policy term

In limited Premium the premium Paying 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 Cession age of 75 years.

Minimum Sum Assured

Rs 50,00,000

Maximum Sum Assured

No Limit, subject Board Approved Underwriting Policy

ADB Sum Assured ( For Life Shield Plus Variant)

Minimum : Rs 500000,Maximum: 2,00,00,000 ADB Sum assured selected at inception will be in a proportion of 10%-100% of base sum assured subject to the above limits.

TI Sum Assured

Minimum : Rs 500000,Maximum: 2,00,00,000,TI Sum assured will be as per the base sum assured subject to the above limits

Minimum & Maximum Premium

As per the minimum & maximum Sum Assured.

Premium Paying Frequency

Yearly, Half-Yearly, Quarterly and Monthly , Half-Yearly, Quarterly and Monthly premium frequencies are only allowed by RBI to Financial institutions.

Who Can Opt This Plan

  • Salaried Individuals: To secure their family’s financial future.
  • Self-employed/Business Owner’s: To ensure business continuity and secure their family’s financial future.
  • Parents/Individuals with dependents: To secure their child’s education and future expenses.

Disclaimer

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.

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