Bajaj Life ACE Advantage [116N189V02]
Key Advantage
- Life Cover: Life Cover to protect your family
- Flexibility: Plan your future goals with wide range of Policy term option
- Additional Coverages: Choice of riders offering enhanced protection TAX
- Premium Offset: Option to adjust Guaranteed Payout against the renewal Premium
- Tax benefits: Avail tax benefits as per prevailing tax laws
Eligibility Criteria
Parameters
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Minimum |
Maximum |
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Age at Maturity ( years) |
0 |
For PPT 5,6 is 54 years For PPT > =8 is 60 years |
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Age at Entry ( years) |
18 |
85 |
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Annualized Premium (Rs) |
Rs 12000 |
No Limit, subject to board approved Underwriting Policy |
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Guaranteed Maturity Benefit |
Rs 100000 |
As per Maximum Premium |
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Sum Assured |
7 times of Annualized Premium |
10 Times of Annualized Premium Maximum Sum Assured will be subject to the prevailing Board approved underwriting guidelines |
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Premium Payment Term ( PPT) |
Limited Pay 5,6 ,8,9,10,12 I Regular Pay: 13 to 30 |
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Policy Term ( in Years) |
Limited Pay: PPT Plus 5 to 30 Regular Pay : Equal to PPT |
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*All ages mentioned above are age as on last birthday. Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e.,18 years age last birthday). The female lives will get 1% higher GMB. The policyholder will have the option to select the Sum Assured multiple at inception of the policy |
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Who Can Opt This Plan
- Investors Seeking Certainty: Guaranteed returns with bonus potential.
- Goal-Oriented Individuals: Plan for milestones with disciplined investing
- NRIs: Invest securely with assured benefits and regulated plans
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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