A Non-Linked, Participating, Individual Life Insurance Savings Plan.

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Early Income
Choice of Income
Life Cover Throughout the Policy Term
Multiple Rider⁴ Options

Early Income
Choice of Income
Life Cover Throughout the Policy Term
Multiple Rider⁴ Options

Overview
Plan Option
Eligibility
Disclaimer
FAQs

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From wealth creation to family protection – We’ve got you covered

Bajaj Life ACE is a Life Insurance Savings plan that gives you the power to fulfill your Financial Goals — with an option to choose Flexible Early Income or a lump sum payout along with a Life Cover. It is a Non-Linked, Participating, Individual Life Insurance Savings Plan.Read More

You can choose to receive income from the very first policy month, at a later date or in an increasing manner. You can build wealth depending on your life goals.

Whether you are just starting out, planning for retirement, or looking to create a legacy — Bajaj Life ACE gives you the flexibility to choose your level of income and lump sum, as per your requirement.Read Less

FEATURES

Early Income

An option to start receiving an income as early as the 1st policy month or 1st policy year or after the deferment period ends — giving you a reliable income stream that helps you to fulfill your short term financial needs.

Choice of Income

You have the flexibility to pick from 4 plan variants available - Early Income, Deferred Income, Increasing Income, or Wealth — or mix and match more than one variants to personalize it as per your needs.

Life Cover Throughout the Policy Term

Your family is protected throughout the entire policy term, up to 100 years

Multiple Rider

Options Enhance your base plan with riders4 for comprehensive protection at a nominal extra cost.

Tax Benefits

Premiums paid and benefits received under Bajaj Life ACE are eligible for tax benefits as per prevailing tax laws.

PLAN OPTIONS/VARIANTS

Which Bajaj Life ACE Variant is best for you?

Every financial goal is different — and Bajaj Life ACE is built to match that diversity. Use this simple guide to identify the right variant for your specific needs.

Choose Early Income variant if you want an immediate, regular income starting right from the first policy month or year.

Choose Wealth variant if you are saving toward a specific milestone and want a sizeable, lump sum amount at the end of the policy term.

Choose Increasing Income variant that grows at 5% p.a. on a compounding basis— suitable for keeping pace with inflation over the long term.

Choose a Deferred Income variant, if you prefer income to start after a defined deferment period (up to 5 years) following the Premium Payment Term.

You can also combine any two or more variants within a single policy — letting you enjoy immediate income and build a corpus at the same time.

Parameter	Early Income	Deferred Income	Increasing Income	Wealth Option
Entry Age	0–60 years	0–60 years	0–60 years	0–60 years
Income Start	From 1st month/year (after deferment period, if any)	After premium term + deferment period	After premium term + deferment period	Not Available
Income Type	Immediate income (Guaranteed + Bonus)	Fixed income (Guaranteed + Bonus)	Increasing income (grows 5% compounded annually)	Lump sum at the end of policy term
Tax Benefits	As per current tax laws	As per current tax laws	As per current tax laws	As per current tax laws
Bonus	Cash bonus (if declared) + Terminal bonus	Cash bonus (if declared) + Terminal bonus	Cash bonus (if declared) + Terminal bonus	Simple reversionary + Terminal bonus
Maturity Benefit	Sum Assured + accumulated income + bonuses	Sum Assured + accumulated income + bonuses	Sum Assured + accumulated income + bonuses	Sum Assured + bonuses
Policy Loan7	Available	Available	Available	Available
Extra Benefits	Additional Riders + Goal Protection Benefit	Additional Riders + Goal Protection Benefit	Additional Riders + Goal Protection Benefit	Additional Riders

All ages mentioned above are age as on last birthday.
Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years’ age or maturity date.
For female lives, 1% mark-up will be available on Benefit Sum Assured.
Income Period will commence after the end of Deferment Period.
Minimum & maximum Sum Assured: 11 times of Annualised premium
Benefits will vary depending upon options chosen

Policy Documents

ELIGIBILITY

Eligibility

Click on Know More for Eligibility

Know More

Documentation

Identity Proof (any one of them)

PAN Card
Aadhaar Card
Passport / Voter ID
Address Proof (any one of them)
Aadhaar Card
Utility Bills
Passport

Income Proof (any one of them)

Salary slips
Bank statements
Income Tax Returns

Age Proof (any one of them)

Birth certificate
10th/12th mark sheet
Passport

Medical Reports (if required)

Based on age and sum assured

FAQ

When does income start in Bajaj Life ACE?

Income can start from early policy years starting from the 1st policy month /year, depending on the chosen plan variant.

What happens at maturity in Bajaj Life ACE?

You receive a lump sum payout to fund your long-term financial goals

Does Bajaj Life ACE provide life insurance coverage?

Yes, it includes life cover for financial protection along with regular income.

Can Bajaj Life ACE help with retirement planning?

Yes, it provides regular income + maturity benefit, making it suitable for retirement. Also, it has a variant which gives increasing income @5% compounding annually. This can help pace with inflation and help you support your retirement goals.

How much money will I get if I surrender my policy in Bajaj Life ACE?

The surrender value will be the higher of the guaranteed surrender value (GSV) or the special surrender value (SSV). You can refer to the sales brochure or policy document for details.

What happens if I stop paying premiums in Bajaj Life ACE?

If you stop paying premiums for your Bajaj Life ACE policy, the impact will depend on whether your policy has acquired a surrender value.

• If at least one full year’s premium is not paid and the policy has not acquired surrender value:

The policy will lapse at the end of the grace period and no benefits will be payable under the policy, except the Accumulated Income Benefit (if applicable), which will be paid at the end of the grace period.
• If the policy has acquired surrender value:

The policy will not lapse due to non-payment of future premiums. Instead, it will automatically convert into a Reduced Paid-Up Policy at the end of the grace period. Under this:

• Future benefits under the policy will continue at a reduced value
• Paid-up benefits will be calculated proportionately based on the premiums paid versus total premiums payable
• The policy will not be eligible for future Cash Bonuses³ or Simple Reversionary Bonuses (if declared)
Existing Guaranteed² Income payouts already accrued befo• re the policy became paid-up will continue as per policy terms

Policy Revival:
A lapsed or paid-up policy may be revived subject to the conditions mentioned in the revival clause of the policy.

Please refer to the policy terms and conditions for complete details.

Is Bajaj Life ACE IRDAI approved?

Yes, Bajaj Life ACE is an IRDAI-approved life insurance product offered by Bajaj Life Insurance Limited.

Can NRIs invest in Bajaj Life Bajaj Life ACE?

Yes, NRIs can invest in Bajaj Life ACE, subject to applicable underwriting guidelines, documentation requirements and policy terms and conditions

What is the maximum sum assured in Bajaj Life ACE?

The maximum sum assured is subject to the insurer’s underwriting guidelines and is linked to the annualized premium chosen under the policy. It is 11 times of Annualized premium

Do I have to pay additional premium for riders in Bajaj Life ACE?

Yes, riders under Bajaj Life ACE are available at an additional premium. The rider premium is charged separately from the base policy premium and depends on the rider(s) selected.

Disclaimer

Bajaj Life Insurance Ltd. (Formerly known as Bajaj Allianz Life Insurance Company Limited)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.Read More

Risk Factors and Warning Statements: Bajaj Life Insurance Limited and Bajaj Life ACE are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. Bajaj Life ACE - A Non linked, Participating, Individual Life Insurance Savings Plan Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune 411006, IRDAI Reg. No.: 116, CIN: U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212. Mail us: customercare@bajajlife.com. Bajaj Life ACE (UIN:116N186V04). The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. All Charges/taxes, as applicable, will be borne by the Policyholder.

The risk factors of the bonuses projected under the product are not guaranteed | Past performance of the Company doesn’t construe any indication of future bonuses | The product is subject to the overall performance of the Company in terms of investments, management of expenses, mortality and lapses.

²Conditions Apply - The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details, please refer to sales brochure.

³Bonus are not guaranteed and it depend on the Company’s Performance.

⁴Rider can be taken only along with a base life insurance plan at additional cost, as per the availability and product term and conditions as mentioned in sales brochure available on www.bajajlifeinsurance.com

⁵Tax benefits as per prevailing Section 11 (read with Schedule II, Sr.No.2) and Section 123 (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

⁶Provided the Policy has acquired Surrender Benefit, during the Policy term, you will have the option to take Policy loan, subject to a maximum limit of 80% of the [Surrender value less TB on surrender (if any) less any AIB] + 50% of TB on surrender (if any). Loan interest rate applicable for the loan will be as decided by the company from time to-time. The current loan rate of interest is 9% p.a. compounding half-yearly.

IDFC FIRST Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0106. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.

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