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membership in the group will be terminated and the surrender value at the date of such termination shall be paid.

Market Value Adjustment Market Value Adjustment, if any, shall be applied on account value on surrender of the account. Surrender Penalty No. of months for which Premiums are paid for a member 1 23 24 35 36 47 48 + Surrender Penalty as % of first years Net Premium 7.00% 5.00% 3.00% 0.00%

Free Look Period : Within 15 days from the date of receipt of the policy, you have the option to review the terms and conditions and return the policy, if you disagree to any of the terms & conditions, stating the reasons for your objections. You will be entitled to a refund of the premium paid, subject only to a deduction of a proportionate life insurance premium for the period on cover and the expenses incurred on stamp duty and medical expenses, if any. Why Bajaj Allianz Life Insurance? Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the worlds leading insurer and Bajaj Finserv, one of Indias most respected names. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world. At Bajaj Allianz, we realize that you seek an insurer you can trust your hard earned money with. Allianz SE has more than 119 years of financial experience in over 70 countries and Bajaj Finserv trusted for over 65 years in the Indian market, are committed to offering you financial solutions that provide all the security you need for your family and yourself. At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states: 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 punishable with a fine that may extend to five hundred rupees. SECTION 45 of the Insurance Act, 1938 No Policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material

Life Group

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Termination of the life insurance cover The life insurance cover including additional rider benefit cover if any, for a member will terminate on occurrence of any one of the following: The whole policy or individual account of the member is surrendered. Premium has not been paid for the member before the expiry of the grace period. The individual member has attained age 70 years. New Entrants and Leavers: At the commencement and thereafter at any movement of the member, the group policyholder will have to send all the members data to the respective unit of Bajaj Allianz Life Insurance Company. Nomination: Each member assured can nominate the person/persons to whom the death benefits will be payable. General Exclusion No Exclusions on death cover if membership is compulsory for all members. If membership is not compulsory for all members then the assurance will not cover death due to reasons other than an accident during the first 45 days from the entry date and death due to suicide during the first 12 months. Tax Benefits: As per the applicable tax laws.

matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy-holder and that the policy holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose. Disclamer This product brochure gives the salient features of the plan only. The policy document is the conclusive evidence of the contract, and provides in detail all the conditions, exclusions related to the Bajaj Allianz Sarve Shakti Suraksha. For More Information For more details, kindly consult our "Insurance Consultant" or call us today on the 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.
Please draw your cheques/demand drafts in favor of Bajaj Allianz Life Insurance Company Limited
Sarve Shakti Suraksha (UIN) Group Accidental Death Benefit (UIN) Group Accidental Permanant Total/Partial Disability Benefit (UIN) : 116N060V02 : 116B010V01
BJAZ-PB-0224/ 17-Sep-10

: 116B005V02

Bajaj Allianz Sarve Shakti Suraksha

Insurance is the subject matter of solicitation.

Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Sarve Shakti Suraksha Plan Give your group members and their families the complete reassurance of a lasting financial security and peace of mind. Who can set-up the Scheme under Bajaj Allianz Sarve Shakti Suraksha Plan? Any Group (i.e. Associations/Co-operatives, Affinity groups etc.) having proper rules, records and registers can set-up the Scheme. This Plan offers the unique opportunity for providing adequate relief at a very low cost to the family of a member in the event of his/her premature demise together with systematic savings to earn a market rate of investment return from the well managed fund of the Company. The Bajaj Allianz Sarve Shakti Suraksha Plan The Bajaj Allianz Sarve Shakti Suraksha Plan comes with a host of features that allow your members to have the best of all worlds Protection and Investment with flexibility like never before. Some of the key features of this plan are: Life Insurance Cover, which includes additional rider benefit cover also if any, at nominal cost through a group term insurance. Opportunity to invest in a fund having most appropriate balance of equity and fixed interest securities at the judgement of our expert fund managers. On death before attaining age 7 benefit equal to the account value. On death on or after attaining age 7, Sum Assured plus the account value. On maturity, benefit equal to the account value of the individual member with a minimum guarantee of the invested amount in the individual account less the applicable scheme administration fee, provided all due premiums have been paid. Flexibility of complete surrender of individual account at market value subject to the surrender penalty. Minimum Guaranteed Surrender Value equal to 70% of the net premium paid till date subject to applicable surrender penalty. Additional Protection for you and your family Members shall have choice to add the following two additional benefits, providing total protection against uncertainties.

Group Accidental Death Benefit Group Accidental Permanent Total/Partial Disability Benefit Please refer to the brochure on additional rider benefits for more details. How does the plan work? The opportunity of savings together with the benefits of group term insurance for the members of the Scheme is provided by one master policy that is issued to the group Policyholder. An individual account is opened for every member at entry date. Life insurance premium and rider premium, if any is deducted from the gross premium for providing the insurance cover to the members. The net premium, which is gross premium less life insurance premium, is deposited in the individual account of the member. The deposited premium is invested in a specific fund floated by the Company for this plan. The investment pattern of the fund is governed by the IRDA regulation on Pension and General Annuity Fund. At the end of each financial year, the Company credits the investment returns to the individual account of each member as earned on the fund less scheme administration fee. For those policies in their first financial year where the date of commencement of policy does not coincide with the commencement date of financial year, the scheme administration fee will be deducted proportionately. However, for all policies in their second and subsequent financial years, the scheme administration fee will be deducted in full. The Investment Return shall be applied proportionately, for a fraction of a year, to any increase in the account value, in case the Policy Commencement Date falls during the financial year or any premium has been paid during the financial year. The investment return of the fund shall be determined using the asset valuation method as stipulated by the IRDA for non-linked fund. Account value is the accumulated value of the net premiums at the rate of investment return as earned on the fund less the applicable scheme administration fee. Scheme Administration Fee: 25% of net premium in the first year of membership and 6% of the net premium in subsequent years, as and when premium is paid.

1.25% of account value at the end of each financial year, after adjusting the account value for the investment returns. On Death of an individual member The death benefit shall be the account value if death of an individual member occurs before attaining age 7 and Sum Assured plus the account value if death of an individual member occurs on or after attaining age 7 as on date of intimation of death. The sum assured for each individual member shall be as proposed by the Policyholder having reference to some justifiable factor e.g. salary of the member or multiple of gross premium and as agreed by the Company. On reaching to the Maturity Date of an individual member The member can decide about the maturity date. Once member reaches to the maturity date you can withdraw the account value as on that date followed by closure of the individual account. The minimum maturity guarantee is the total net premiums paid till maturity date less sum of Scheme Administration Fee deducted till maturity date, provided all due premiums have been paid by you for respective member. Interim Investment Return On the death of the Life Assured or on surrender of the Policy or if the Maturity Date does not coincide with the commencement of the financial year, the account value being paid out shall be increased by an Interim Investment Return proportionate to the elapsed duration in the current financial year and subject to the deduction of the proportionate Scheme Administration Fee for that elapsed duration in the current financial year. Interim Investment Return will be the rate as declared by the Company at the commencement of each financial year keeping in view the expected rate of Investment Return in the coming financial year. Cash withdrawal option There is no cash withdrawal option available under this Plan except complete surrender of individual account. The Surrender Value is the account value of the members individual account, subject to the market value adjustment as applicable on the date of such closure less surrender penalty. The guaranteed surrender value is 70% of the net premium paid till date subject to surrender penalty, if any.

Loans The members shall have option to take loan under the Scheme up to maximum of 85% of the surrender value at the rates of interest and on conditions as decided by the company from time to time. Important Details of the Bajaj Allianz Sarve Shakti Suraksha Plan - Minimum age at entry of a member: 0 years - Maximum age at entry of a member: 65 years - Maximum age at maturity of a member: 70 years - The minimum age at entry for all additional benefits is 18 years. - The maximum age at entry for all additional benefits is 64 years - Minimum policy term: 5 years. - Maximum policy term: Up to age 70 years - Minimum annualised premium for each member: Rs 500. - Minimum life insurance cover: Rs.2,500 per member - Maximum life insurance cover: No Limit - Minimum group size: 50 Premium Payment Mode For convenience, we have provided premium payment modes that can be Yearly, half-yearly, quarterly and monthly. Days of Grace Grace period shall be 15 days for monthly frequency of premium payment and one month (not less than 30 days) for other frequency of premium payment, from the premium due date. If death occurs during the grace period, the Sum Assured shall be payable subject to deduction of due but unpaid life insurance premium. Non-forfeiture If any life insurance premium is not received in respect of a member before the expiry of the grace period, the life insurance cover and any additional rider benefit cover shall lapse and if death of a member takes place during this period the Company will pay only account value to the policyholder as death benefit. The account value however shall keep on accumulating at the rate of investment return net of scheme administration fee, till the end of the revival period of 3 years. Revival of the life insurance cover The life insurance cover including additional rider benefit cover if any, may be revived/reinstated within three years of first unpaid premium on terms agreed at time of revival/reinstatement. At the expiry of the revival period if the life insurance cover were not reinstated, the