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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.