Bajaj Allianz iSecure Insurance Plan_Ver1

7/29/2019 Bajaj Allianz iSecure Insurance Plan_Ver1

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Strictly Confidential For Internal Circulation OnlyBajaj Allianz iSecure Insurance Plan

1Version 1 Product Development

Product Circular

Bajaj Allianz iSecure Insurance Plan

Non Participating, Non LinkedLevel Term Assurance Plan

UIN: 116N109V01

FOR INTERNAL CIRCULATION ONLY

Department: Product DevelopmentLaunch Date: 20/12/ 2011Version: 1


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TABLE OF CONTENTS

1. PURPOSE AND SCOPE ..................................................................................................................................................32. PRODUCT TYPE ..............................................................................................................................................................33. PLAN DESCRIPTION .....................................................................................................................................................34. POLICY CONTRACT ......................................................................................................................................................35. JOINT LIFE AVAILABILITY .........................................................................................................................................36. ELIGIBILITY AND LIMITS ...........................................................................................................................................47. PREMIUM REBATES ......................................................................................................................................................58. STAFF REBATE ...............................................................................................................................................................59. OPTION TO CHANGE PREMIUM PAYMENT FREQUENCY .............................................................................510. DEATH BENEFIT ...........................................................................................................................................................511. MATURITY BENEFIT ...................................................................................................................................................612. SURRENDER BENEFIT ................................................................................................................................................613. ADDITIONAL RIDER BENEFITS .............................................................................................................................614. OPTION TO TAKE DEATH BENEFIT IN ANNUAL INSTALLMENTS............................................................915. LOAN ................................................................................................................................................................................916. GRACE PERIOD.............................................................................................................................................................917. NON FORFEITURE........................................................................................................................................................918. REINSTATEMENT/ REVIVAL....................................................................................................................................919. TERMINATION OF THE POLICY ...........................................................................................................................1020. BACKDATING .............................................................................................................................................................1021. FREE LOOK PERIOD ..................................................................................................................................................1022. ASSIGNMENT AND NOMINATION.....................................................................................................................1023. SUICIDE CLAIM PROVISION .................................................................................................................................10Annexure I.......................................................................................................................................................................... 112Annexure II: Category - Preferred Non-Smokers .........................................................................................................13Annexure II: Category - Non-Smokers ...........................................................................................................................14Annexure II: Category - Smokers.....................................................................................................................................15Annexure III: Web Rebate - Category - Preferred Non-Smokers...............................................................................17Annexure III: Web Rebate - Category - Non-Smokers ................................................................................................18Annexure III: Web Rebate - Category - Smokers ..........................................................................................................19


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1. PURPOSE AND SCOPE

Bajaj Allianz iSecure Insurance Plan provides complete protection to the policyholders and their families

at a nominal cost.

2. PRODUCT TYPE

Bajaj Allianz iSecure Insurance Plan is a Non-Participating, Regular Premium, Individual Non Linked

Level Term Assurance Plan.

The key features of this plan are:

Single and joint life availability (spouse only). More value for money with high Sum Assured rebate. Flexibility to

o Select policy term from 10 years to 30 years.o Alter premium payment frequencyo

Include spouse at a later date in the existing policy, if the first Life Assured is not married at theinception of the policy.

o Choose additional rider benefit(s) for enhanced protectiono Opt for disbursement of policy proceeds in annual installments

3. PLAN DESCRIPTION

There will be one combined set of premium rates applicable for sum assured less than Rs. 20 lacs

For sum assureds of Rs. 20 lacs & above, separate sets of premium rates will be applicable depending

upon the lifestyle category (Preferred Non-Smoker, Non-Smoker and Smoker). The category applicable

for the proposer will be decided by the company based on the medical tests results. The premium amount

collected at the time of proposal will be the one corresponding to the smoker or non-smoker category.After the category is decided upon, any excess will be refunded to the policyholder.

4. POLICY CONTRACT

Policy Contract The basis of the contract will be the Proposal Form filled by the Proposer. The policy

document will be the evidence of the contract.

5. JOINT LIFE AVAILABILITY

The policyholder has the option to take an individual or a joint life cover. The details of the joint life

variant are as given below:

i) Joint life cover can be taken only at the inception of the policy, if the first life assured is married atthat time.

ii) If the first life assured is not married at the inception of the policy, he/she can include the spouse at alater date, after marriage.

The details of the conversion are as given below

a. The second life can be added at any policy anniversary, provided all the necessary procedureswith respect to the inclusion are completed prior to the policy anniversary.


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b. The term of the cover for the second life should be equal to the left-over term under the policy,provided such a policy term is available under the product.

c. The second life can take a sum assured less than or equal to the first lifes sum assured.d. The second life should be insurable as per the specifications of the product and as per the

current underwriting rules of company.

iii) If the lives annul their marriage or apply for annulment during the policy term, the company needs tobe informed of the same (giving sufficient proof) by the first life; and the second life shall be excluded

from the policy.

1. On exclusion, the policy can be continued as an individual life policy with a reduced premium.The reduced premium will based on the age-at-entry, policy term, category (if applicable) and the

sum assured in respect of the first life as at the inception/latest revival or alteration of the policy.

2. Once excluded, the life cannot be included again.3. If the company is not informed of the same, then on death of any one of lives assured, the sum

total of premium/s paid from the date of divorce will be refunded to the surviving life assured.

The policy shall continue on the first life assured.

6. ELIGIBILITY AND LIMITS

Min. Age at Entry 18 years

Max. Age at Entry 60 years

Minimum Age at

Maturity

28 years

Maximum Age at

Maturity

70 years

Policy Term 10, 15, 20, 25 & 30 years

Minimum Premium Sum Assured Yearly Half-Yearly Quarterly Monthly*

Less than 20

lacs

Rs. 1000 Rs. 500 Rs. 250 Rs. 100

Greater than

or equal to 20

lacs

Rs. 3000 Rs. 1500 Rs. 750 Rs. 250

* For monthly installment, three (3) installments need to be paid at the

inception of the policy.

Maximum Premium Shall depend on the Sum Assured chosen

Sum Assured Minimum: Rs. 2,50,000

For polices sold through the web, the minimum sum assured is Rs.20,00,000

Maximum: Rs. 100 crores, subject to underwriting.

Sum Assured can be chosen in specific multiples only (as stated below):

Sum Assured Band Multiple

Upto Rs. 4,00,000 Rs. 50,000

Rs. 4,00,000 to 100,00,00,000 Rs. 1,00,000


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Premium Payment

Frequency Factor

The modal premium for frequencies other than annual mode is arrived at

by multiplying the annual premium by the premium payment frequency

factors, given below:

Payment

frequency

Monthly Quarterly Half

yearly

Yearly

Frequency Factor

(freq)

0.09 0.26 0.51 1.00

7. PREMIUM REBATES

High Sum Assured Rebate as per Annexure I will be offered for all sum assureds from 5,00,000 to19,99,999.

High Sum Assured Rebate as per Annexure II will be offered for all sum assureds of 20 lacs & above.The premium rate for joint life will be arrived at by allowing a rebate on the total of the gross premium #

applicable to the individual lives. The joint life rebate (JLR) for joint life is as below:

Age of Older Life Assured = 51JLR as % of the total Gross Premium#applicable to the individual lives

5% 3% 1%

* Tabular Premium is the rate per Rs.1,000 Sum Assured for a given age and policy term

# Total Gross premium is the total of the calculated premiums for each individual after allowing for any HSAR for

each individual life. Please refer to the annexure A for the premium calculations.

Web Sales Rebate as per Annexure III will be available for policies taken through the web.

8. STAFF REBATE

A rebate of 10% will be offered under the plan. (Staff being employees of Bajaj Allianz Life, Bajaj

Allianz General, Allianz Group & Bajaj Group)

Staff rebate will not be available for policies taken through web.

9. OPTION TO CHANGE PREMIUM PAYMENT FREQUENCY

The premium payment frequency may be changed at any policy anniversary during the term of the

policy, subject to minimum premium limits.

10. DEATH BENEFIT

a) In case of Individual Life In case of unfortunate death of life assured during the policy term and provided all the due

premiums have been paid, the company will pay the Sum Assured to the nominee.

The policy will terminate immediately on death of the life assured.b) In case of Joint Life


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In case of unfortunate death of each life assured during the policy term and provided all thedue premiums have been paid, the company will pay the Sum Assured in respect of the

deceased life assured to the surviving life assured or to the nominee on 2nd death.

On death of any one of the life assureds, the policy will automatically continue on the survivinglife assured with a reduced premium. The reduced premium will based on the age-at-entry,

policy term, premium payment frequency lifestyle category (if applicable) and the sum assured

in respect of the surviving life as at the inception/latest revival or alteration of the policy..

The policy will terminate immediately on death of the second life assured.

11. MATURITY BENEFIT

No maturity benefit shall be payable on survival till the end of the policy term.

12. SURRENDER BENEFIT

No surrender benefit is payable under the plan.

13. ADDITIONAL RIDER BENEFITS

The Policyholder has the option to choose the following riders:

(i) Comprehensive Accidental Protection* (UIN : 116C001V01)(ii) Critical Illness Benefit (UIN : 116C007V01)(iii)Hospital Cash Benefit (UIN : 116C008V01)

In case of a joint life, CAP can be opted by the First Life assured only. This restriction is not applicable in

case of selection of Hospital Cash Benefit and Critical Illness riders.

The Comprehensive Accidental Protection (CAP) rider includes the accidental death benefit, accidental

permanent total/partial disability benefit and waiver of premium benefit.

At any policy anniversary, the policyholder can exclude any rider benefit.

Hospital Cash Benefit (HCB) and Critical Illness (CI) benefit can be included only at inception of the

policy. The level of coverage under the HCB &/or the CI benefit can be reduced subsequently, at any

policy anniversary. Once the level of coverage is reduced, it cannot be increased subsequently. If these

rider benefits are excluded once, they cannot be included again.

The rider sum assured / benefit will be a level amount and will be as chosen at the inception of the rider

a) COMPREHENSIVE ACCIDENTAL PROTECTION

The Life Assured for this rider has to be the First Life Assured under the base planThe Comprehensive Accident Protection would comprise of the following:

a) Accidental Death Benefitb) Accidental Permanent Total/Partial Disability Benefit


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c) Waiver of Premium Benefit in case of Accidental Permanent Total Disability.i) Accidental Death Benefit

The accidental death coverage can only be chosen if the issue age of the Policyholder is not less than 18and not more than 50 years. The coverage is provided until the age being 65. The additional amountpayable in the event of accidental death will be the lower of:

The basic Sum Assured, or

Rs 50,00,000 under all the Bajaj Allianz Life Insurance policies of the Policyholder taken together. The accidental death benefit shall be payable if the policy is in force for the full Sum Assured.

Death must occur within 180 days of the accident as a direct result of the accident.

ii) Accidental Permanent Total/ Partial Disability Benefit

i. Minimum Sum Assured: Rs.50,000ii. Maximum Sum Assured: Rs.5,000,000 (for all policies taken together)

iii. Minimum Entry Age: 18 Years last birthdayiv.

Maximum Entry Age: 50 Years last birthday

v. Maximum Maturity Age: 65 Years last birthdayThe amount payable in the event of accidental permanent partial disability will be the lower one of:

50 % of the Sum Assured Rs 25,00,000 under all the BJAZ policies of the Policyholder taken together.

If the Policyholder did not receive a benefit for accidental permanent partial disability before, the amount

payable in the event of accidental permanent total disability will be the lower one of:

the Sum Assured Rs 50,00,000 under all the Bajaj Allianz Life Insurance policies of the Policyholder taken together

If the Policyholder did receive a benefit for accidental permanent partial disability before and the time

passed from the occurrence of the partial disability is less than one year, the amount payable in the event

of accidental permanent total disability will be the lower one of:

50 % of the Sum Assured Rs 25,00,000 under all the Bajaj Allianz Life Insurance polices of the Policyholder taken together

If the Policyholder did receive a benefit for accidental permanent partial disability before and the time

passed from the occurrence of the partial disability is at least one year, the amount payable in the event of

accidental permanent total disability will be the lower one of:

the Sum Assured Rs 50,00,000 under all the Bajaj Allianz Life Insurance polices of the Policyholder taken together

The Policyholder can receive an accidental permanent total disability benefit only once under all the

policies of the Policyholder. The Accidental Permanent Total/Partial Disability benefit shall be payable if

the policy is in force for the full Sum Assured.


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The Policyholder has the option to receive the Accidental Permanent Total benefit either as a lump sum

or as a guaranteed annuity for a period 10 years. In case the Policyholder opts for the guaranteed annuity,

the amount payable per year is 11% of the claim amount.

iii) Waiver of Premium Benefit in case of Accidental Permanent Total Disability

The waiver of premium benefit can only be chosen if the issue age of the Policyholder is not less than 18

and not more than 50 years. If selected, coverage is provided until the age being 65. In the event of

accidental permanent total disability (as described above) the premium (for individual or joint life policy)

for all benefits are waived, and Hospital Cash Benefit, if included, ceases the full insurance coverage for

all benefits remains.

The Waiver Of Premium benefit shall be available if the policy is in force for the full Sum Assured and

the claim for accidental permanent total disability is admitted by the company.

b)CRITICAL ILLNESS RIDERa. Minimum Sum Assured: Rs.50,000b. Maximum Sum Assured: Should be equal to Basic Sum Assuredc. Minimum Entry Age: 18 Years last birthdayd. Maximum Entry Age: 50 Years last birthdaye. Maximum Maturity Age: 65 Years last birthday

In case the Policyholder is diagnosed to have a Critical Illness and the policy is in force for the full Sum

Assured, the company pays Critical Illness benefit equal to the Sum Assured. The policy will continue

with all other benefits excluding Critical Illness benefit and Hospital Cash benefit and the premiums will

be payable accordingly. However,where the Life Assured dies within 60 days from such diagnosis for

which Critical Illness benefit has become payable, the death benefit will be payable after deduction of the

Critical Illness benefit.

There is a waiting period of 6 months, i.e. the Critical Illness benefit can only be claimed if the illness is

diagnosed at least 6 months after the date of commencement of risk or reinstatement of risk. No benefit is

payable until the insured person has provided satisfactory proof to the company of the occurrence of the

relevant Critical Illness. This includes a diagnosis confirmed by a registered Medical Practitioner

appointed by the company and must be supported by acceptable clinical, radiological, histological and

laboratory evidence.

c)HOSPITAL CASH BENEFITThe daily Hospital Cash amount shall be at Rs. 4 per Rs. 1000 Sum Assured subject to a minimum Sum

Assured of Rs. 50000 and maximum Sum Assured of Rs. 2,50,000 or the basic Sum Assured, whichever is

lower. The Hospital Cash Benefit will only be offered if the issue age of the Life Assured is not less than

18 (eighteen) and not more than 50 (fifty) years. Coverage shall be provided until the age being the

maturity age or 65(sixty five) whichever is earlier.

If the insured person has to stay for more than 72 (seventy two) hours in hospital as a result of injury,

sickness or disease, the company reimburses for each full day an amount which is the lower one of:


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(a) 75 % (seventy five percent) of the room charge in hospital;(b) the daily Hospital Cash amount.

For every period of hospitalisation during a policy year, the first three days would not be paid for. The

total number of days for which Hospital Cash would be payable in a policy year would be restricted to 60

(sixty) days in a policy year, irrespective of the number of days of hospitalisation. The benefit period

starts after a waiting period of 60 (sixty) days from the commencement of risk or reinstatement of risk.

14. OPTION TO TAKE DEATH BENEFIT IN ANNUAL INSTALLMENTS

The policyholder/nominee will have the option to take the death benefit in annual installments over a

settlement period of ten (10) years from the date of intimation of death. The same needs to be informed in

writing at the time of filing the death claim form.

Each annual installment will be an amount equivalent to (100% + x%) of Sum Assured divided by ten(10)

years. The x% will be decided by the company on a year-on-year basis and will remain the same during

the settlement period of 10 years.

The x% will be benchmarked against the 10-year G-Sec yield as at the start of the financial year ofadmitting the death claim. For the current financial year (2011-12), the x% is 30.60%

15. LOAN

No policy loan is available under this plan.

16. GRACE PERIOD

A grace period of not more than 30 days for all modes other than monthly mode and not more than 15days for monthly mode will be allowed

17. NON FORFEITURE

If premiums are not paid by the end of the grace period, the policy will lapse and no benefits under the

policy is payable. The policyholder can revive the policy within a revival period of two (2) years from the

first unpaid premium, subject to the revival conditions.

18. REINSTATEMENT/ REVIVAL

A Policy, which has lapsed (for non-payment of premium) after the grace period may be revived, subject

to the following conditions:

a) The application for revival is made within 2 years from the due date of the first unpaid premium andbefore the end of the policy term

b) Payment of all due premiums along with applicable interest compounded half-yearly at such rate asthe company may decide from time to time.

c) Satisfactory evidence of good health, at the Policyholders expense, is submitted;d)The revival of the Policy may be on terms different from those/that applicable to the Policy before it

lapsed, based on prevailing underwriting norms of the Company.

e) The Company may at its sole and absolute discretion refuse to revive the Policy.


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19. TERMINATION OF THE POLICY

This Policy shall automatically terminate on the earlier occurrence of either of the following events:

a) On the Full Surrender of the policy.b) On death of the Life Assured in case of individual Life and on the second death in case of joint life.c) On expiry of the revival period.d) On the Maturity Date.

20. BACKDATING

Date of commencement of policy may be backdated up to the beginning of a financial year subject to thepayment of back premiums plus 10% interest. In the case of backdating upto 1 month, the same would beallowed free of interest.

21. FREE LOOK PERIOD

Within 15 days from the date of receipt of the policy, the Policyholder have the option to review the terms

and condition and return the policy, if he/she disagrees to any of the terms & conditions, stating thereasons for his/ her objections. He will be entitled to a refund of the premium paid, subject only to a

deduction of a proportionate risk premium for the period on cover and the expenses incurred on medical

examination and stamp duty charges.

22. ASSIGNMENT AND NOMINATION

a) No assignment shall be effective unless and until the Company receives a written notice from thePolicyholder.

b) If the Policyholder and the Life Assured are the same person, the Policyholder may at any timespecify in writing a Nominee to receive the Death Benefit. If the Nominee is a minor, thePolicyholder shall also appoint an Appointee to receive the benefit during the minority of the

Nominee. No nomination shall be effective unless and until evidenced by an endorsement on the

Policy.

c) Any assignment shall automatically cancel any nomination.d) The Company assumes no responsibility or liability for the validity of any assignment or nomination

or in recording the assignment or registering the nomination or change in assignment or nomination.

e) Assignment will not be permitted where the Policy is under the Married Womens Property Act 1874.

23. SUICIDE CLAIM PROVISION

If the Life Assured and/or the Second Life Assured commit/s suicide, whether sane or insane, within one

year from the Date of Commencement of Risk or the latest date of revival of the policy, the contract of

insurance shall be void, whether or not any beneficial interest has been created therein, and all the

Premiums paid under the Policy shall be refunded subject to recovery of any dues under the Policy. The

validity of the contract of insurance will be determined in accordance with the date of death, and not the

date of intimation of death.


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Annexure I

Premium Rate per '000 Sum Assured (For sum assured up to19,99,999)

Age lbd(Years)

Policy Term (Years)

10 15 20 25 30

18 2.29 2.30 2.31 2.32 2.4019 2.31 2.32 2.33 2.34 2.45

20 2.33 2.33 2.34 2.37 2.49

21 2.34 2.34 2.35 2.41 2.54

22 2.36 2.37 2.38 2.44 2.59

23 2.37 2.38 2.39 2.48 2.66

24 2.38 2.39 2.41 2.53 2.72

25 2.39 2.40 2.45 2.59 2.80

26 2.41 2.41 2.49 2.65 2.89

27 2.42 2.43 2.53 2.72 2.99

28 2.45 2.47 2.59 2.81 3.10

29 2.48 2.51 2.66 2.91 3.23

30 2.51 2.57 2.74 3.02 3.38

31 2.57 2.64 2.85 3.16 3.54

32 2.63 2.73 2.96 3.31 3.73

33 2.71 2.83 3.10 3.48 3.93

34 2.80 2.95 3.26 3.67 4.16

35 2.90 3.08 3.43 3.89 4.42

36 3.27 3.53 3.98 4.54 5.18

37 3.42 3.73 4.24 4.83 5.53

38 3.60 3.96 4.52 5.16 5.92

39 3.80 4.22 4.82 5.53 6.35

40 4.02 4.51 5.16 5.93 6.82

41 4.27 4.82 5.52 6.36

42 4.55 5.16 5.92 6.83

43 4.87 5.54 6.37 7.36

44 5.23 5.96 6.87 7.95

45 5.64 6.43 7.42 8.61

46 6.08 6.93 8.02

47 6.57 7.49 8.67

48 7.10 8.10 9.39

49 7.66 8.77 10.19

50 8.27 9.50 11.07

51 8.92 10.29

52 9.64 11.13

53 10.42 12.07

54 11.28 13.12

55 12.22 14.2756 13.23

57 14.32

58 15.57

59 17.02

60 18.66

High Sum Assured Rebate (Sum Assured from 2,50,000 to 19,99,999)


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Sum Assured (SA)Rebate (reb%) for Age Band

= 51 years

2.5 lacs


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Annexure II: Category - Preferred Non-Smokers

Premium Rate per '000 Sum Assured (For sum assured 20 lacs to 100 crs)

Age lbd(Years)

Policy Term

10 15 20 25 30

18 1.31 1.32 1.33 1.35 1.36

19 1.32 1.33 1.33 1.36 1.3820 1.34 1.34 1.35 1.37 1.39

21 1.34 1.35 1.36 1.38 1.40

22 1.35 1.36 1.37 1.39 1.41

23 1.36 1.37 1.38 1.40 1.43

24 1.36 1.38 1.39 1.42 1.45

25 1.37 1.38 1.40 1.43 1.50

26 1.38 1.39 1.41 1.45 1.55

27 1.39 1.40 1.42 1.49 1.62

28 1.41 1.42 1.45 1.54 1.69

29 1.43 1.45 1.50 1.61 1.77

30 1.46 1.49 1.55 1.68 1.87

31 1.50 1.53 1.62 1.77 1.9832 1.54 1.59 1.69 1.87 2.10

33 1.59 1.66 1.79 1.99 2.25

34 1.66 1.74 1.89 2.12 2.40

35 1.73 1.83 2.01 2.26 2.58

36 1.95 2.10 2.34 2.65 3.04

37 2.06 2.23 2.50 2.85 3.27

38 2.18 2.39 2.69 3.07 3.54

39 2.31 2.56 2.89 3.31 3.83

40 2.46 2.74 3.12 3.58 4.15

41 2.63 2.95 3.36 3.88

42 2.82 3.18 3.63 4.2043 3.04 3.44 3.93 4.56

44 3.28 3.72 4.27 4.96

45 3.55 4.03 4.64 5.40

46 3.94 4.44 5.11

47 4.27 4.82 5.55

48 4.62 5.23 6.04

49 5.00 5.68 6.58

50 5.41 6.17 7.17

51 5.85 6.70

52 6.33 7.28

53 6.86 7.92

54 7.45 8.63

55 8.09 9.42

56 8.7857 9.54

58 10.40

59 11.39

60 12.50

High Sum Assured Rebate (Sum Assured of 20,00,000 & above) - Preferred Non-Smokers Category

Sum Assured (SA) Rebate (reb%)

20 lacs


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25 lacs


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55 8.47 9.89

56 9.21

57 10.01

58 10.92

59 11.96

60 13.15

High Sum Assured Rebate: Non-Smokers Category


20 lacs


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45 4.25 4.89 5.67 6.63

46 4.72 5.39 6.24

47 5.13 5.86 6.80

48 5.57 6.37 7.41

49 6.05 6.93 8.08

50 6.56 7.55 8.82

51 7.12 8.2252 7.73 8.95

53 8.39 9.76

54 9.13 10.65

55 9.94 11.65

56 10.82

57 11.78

58 12.87

59 14.12

60 15.52

High Sum Assured Rebate: Smokers Category


20 lacs


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Annexure III: Web Rebate - Category - Preferred Non-Smokers

Web Rebate %

Age lbd(Years)

Policy Term

10 15 20 25 30

18 7.63% 6.82% 6.77% 6.67% 6.62%

19 7.58% 6.77% 6.02% 6.62% 7.25%20 8.21% 6.72% 6.67% 6.57% 7.19%

21 7.46% 6.67% 6.62% 6.52% 6.43%

22 8.15% 7.35% 6.57% 6.47% 5.67%

23 8.09% 7.30% 6.52% 5.71% 6.29%

24 8.09% 7.25% 6.47% 5.63% 6.21%

25 8.03% 6.52% 6.43% 4.90% 6.00%

26 7.97% 6.47% 6.38% 4.83% 5.81%

27 7.91% 6.43% 6.34% 6.04% 6.17%

28 8.51% 7.04% 6.90% 5.84% 5.92%

29 8.39% 7.59% 6.67% 6.21% 5.65%

30 8.22% 7.38% 6.45% 5.95% 5.35%

31 8.67% 7.19% 6.79% 5.65% 5.56%32 7.79% 6.92% 5.92% 5.35% 5.24%

33 7.55% 7.23% 6.70% 5.53% 5.33%

34 8.43% 6.90% 6.35% 5.66% 5.00%

35 8.09% 7.10% 5.97% 5.31% 5.04%

36 7.69% 6.67% 5.98% 5.66% 5.26%

37 8.25% 6.73% 6.00% 5.61% 5.20%

38 7.80% 6.69% 5.95% 5.54% 5.37%

39 7.79% 6.64% 5.88% 5.14% 5.22%

40 7.72% 6.20% 5.77% 5.31% 5.30%

41 7.60% 6.44% 5.65% 5.41%

42 7.45% 6.29% 5.51% 5.48%

43 7.57% 6.40% 5.60% 5.48%44 7.62% 6.18% 5.62% 5.44%

45 7.32% 6.20% 5.60% 5.37%

46 7.36% 6.08% 5.68%

47 7.49% 6.22% 5.59%

48 7.36% 6.31% 5.63%

49 7.40% 6.16% 5.78%

50 7.39% 6.16% 5.72%

51 7.18% 6.12%

52 7.11% 6.04%

53 7.14% 6.06%

54 7.25% 6.14%

55 7.17% 6.16%56 7.06%

57 7.13%

58 7.12%

59 7.11%

60 7.04%


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Annexure III: Web Rebate - Category - Non-Smokers

Web Rebate %

Age lbd(Years)

Policy Term

10 15 20 25 30

18 8.15% 7.35% 7.97% 7.19% 6.43%

19 8.09% 7.35% 7.30% 7.86% 7.09%20 8.03% 7.30% 7.25% 7.80% 7.04%

21 7.97% 7.25% 7.19% 7.75% 6.99%

22 8.63% 7.19% 7.14% 7.69% 6.25%

23 7.91% 7.86% 7.09% 7.64% 5.52%

24 7.86% 7.80% 7.04% 6.90% 6.00%

25 8.51% 8.45% 6.99% 6.16% 5.81%

26 8.45% 8.39% 6.94% 6.04% 6.21%

27 7.69% 8.28% 7.48% 6.49% 5.39%

28 8.28% 6.85% 6.67% 6.25% 5.71%

29 8.16% 7.33% 7.10% 5.99% 5.43%

30 8.00% 7.79% 6.83% 6.29% 5.15%

31 7.79% 7.55% 6.55% 5.98% 5.34%32 8.18% 7.27% 6.25% 5.64% 5.02%

33 7.93% 6.98% 5.95% 5.80% 5.13%

34 8.19% 7.22% 6.60% 5.88% 5.18%

35 8.38% 6.84% 6.22% 5.51% 5.19%

36 7.92% 6.45% 5.79% 5.09% 5.06%

37 7.98% 6.90% 5.77% 5.07% 4.99%

38 7.56% 6.85% 6.07% 5.31% 5.15%

39 7.92% 6.42% 5.65% 5.22% 5.25%

40 7.81% 6.32% 5.56% 5.35% 5.08%

41 7.69% 6.19% 5.43% 5.43%

42 7.51% 6.34% 5.54% 5.47%

43 7.59% 6.15% 5.60% 5.25%44 7.33% 6.19% 5.61% 5.21%

45 7.57% 6.18% 5.57% 5.31%

46 7.54% 6.25% 5.62%

47 7.42% 6.16% 5.52%

48 7.26% 6.23% 5.70%

49 7.28% 6.07% 5.67%

50 7.26% 6.05% 5.73%

51 7.20% 6.13%

52 7.10% 6.04%

53 7.10% 6.14%

54 7.18% 6.08%

55 7.08% 6.17%

56 7.17%

57 7.09%

58 7.05%

59 7.02%

60 7.07%


19/19



Annexure III: Web Rebate - Category - Smokers

Web Rebate %

Age lbd(Years)

Policy Term

10 15 20 25 30

18 8.09% 7.30% 7.14% 6.94% 6.12%

19 8.09% 7.30% 7.14% 7.59% 6.71%20 8.03% 7.25% 7.09% 8.16% 6.62%

21 7.91% 7.86% 7.04% 8.11% 6.54%

22 7.86% 7.80% 6.99% 8.05% 6.45%

23 8.45% 8.39% 6.94% 8.00% 6.33%

24 8.39% 7.64% 7.53% 6.58% 5.52%

25 8.33% 7.59% 6.76% 6.41% 5.29%

26 8.28% 7.48% 7.24% 6.17% 5.62%

27 8.16% 7.33% 7.05% 5.95% 5.88%

28 8.05% 7.19% 6.21% 5.68% 5.58%

29 7.89% 7.59% 5.99% 5.95% 5.29%

30 8.33% 6.75% 6.29% 5.64% 4.98%

31 8.07% 7.06% 5.98% 5.31% 5.08%32 7.78% 7.30% 6.15% 5.43% 5.16%

33 8.05% 6.95% 5.80% 5.51% 5.17%

34 7.69% 7.07% 5.88% 5.14% 5.15%

35 7.81% 6.67% 5.49% 5.15% 5.10%

36 7.83% 6.64% 5.47% 5.38% 5.21%

37 7.79% 6.56% 5.74% 5.28% 5.32%

38 7.69% 6.12% 5.63% 5.42% 5.14%

39 7.55% 6.33% 5.78% 5.25% 5.17%

40 7.39% 6.46% 5.61% 5.30% 5.35%

41 7.49% 6.25% 5.43% 5.31%

42 7.25% 6.04% 5.68% 5.47%

43 7.24% 6.28% 5.44% 5.39%

44 7.18% 6.22% 5.57% 5.27%

45 7.29% 6.13% 5.47% 5.43%

46 7.42% 6.12% 5.61%

47 7.41% 6.14% 5.74%

48 7.18% 6.12% 5.67%

49 7.27% 6.06% 5.69%

50 7.16% 6.09% 5.67%

51 7.16% 6.08%

52 7.24% 6.03%

53 7.03% 6.15%

54 7.12% 6.10%

55 7.14% 6.18%56 7.12%

57 7.05%

58 7.07%

59 7.08%

60 7.09%

Documents

Bajaj Allianz iSecure Insurance Plan_Ver1