Eligibility Criteria for Bajaj Life ACE

Bajaj Life ACE - Eligibility

	Minimum	Maximum
Age at Entry (years)	0	For PPT 5, 6: 54 For PPT 8 and above: 60
Age at Maturity (years)	18	85
Annualised Premium (Rs.)	Rs.12,000	No limit, subject to Board Approved Underwriting Policy
Guaranteed¹ Maturity Benefit	Rs.1,00,000	As per maximum premium
Sum Assured	7 times of Annualised Premium⁴	10 times of Annualised Premium⁴ Maximum Sum Assured will be subject to the prevailing Board approved underwriting guidelines.
Premium Payment Term (PPT) (in years)	Limited Pay: 5, 6, 8, 9, 10, 12 \| Regular Pay: 13 to 30
Policy Term (PT) (in years)	Limited Pay: PPT plus 5 to 30 \| Regular Pay: Equal to PPT

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.

Bajaj Life ACE - Eligibility

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Bajaj Life ACE - Eligibility

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