In the following cases the Accidental Permanent Total disability benefit will not be paid: (a) Disability occurs

as a result of the insured person committing any breach of law (b) Disability as a result of war, invasion, civil war, rebellion or riots. (c) Disability as a consequence of the insured person being under the influence of alcohol or drugs other than in accordance with the directions of a registered medical practitioner (d) Disability occurs as a result of the insured person taking part in any naval, military or air force operation (e) Disability occurs as a result of the insured person participating in or training for any dangerous or hazardous sport or competition or riding or driving in any form of race or competition (f) Disability occurs as a result of aviation, gliding or any form of aerial flight other than as a fare paying passenger of a recognised airline on regular routes and on a scheduled timetable (g) Disability occurs as a result of attempted self injury whilst sane or insane (h) Failure to seek or follow medical advice
Why Bajaj Allianz Life Insurance? Bajaj Allianz Life Insurance Company Limited is a union between Allianz SE, the world's leading insurer and Bajaj Finserv, one of India's most respected names. Allianz SE is a leading insurance conglomerate globally and one of the largest asset mangers 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 demerged from Bajaj Auto, 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.

Contact Details Bajaj Allianz Life Insurance Company Limited, G.E. Plaza, Airport Road, Yerawada, Pune - 411 006. Tel: (020) 6602 6777. Fax: (020) 6602 6789. www.bajajallianz.com

Life Group

SMS LIFE

56070

For any queries please contact:

BSNL/MTNL
(Toll Free)
1800 22 5858

Any Mobile & Landline

(Toll Free)
1800 209 5858

Other
(Chargeble)
<Prefix City Code> 3030 5858

email: life@bajajallianz.co.in

chat: bajajallianzlife.co.in/chat

SECTION 45 of the Insurance Act, 1938 states: 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 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. Disclaimer 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 Group Credit Shield Plan. All Charges applicable shall be levied. For More Information: For more details, kindly consult our "Insurance Care Consultant" or call us today on the numbers mentioned above. Please draw your cheques/ demand drafts in favour of Bajaj Allianz Life Insurance Company Limited.

Bajaj Allianz Super Saver (UIN) APT/PDB (UIN) FIB (UIN)

: : :

116N058V01 116B010V01 116B009V01

Group Credit Shield

BJAZ-B-0202/ 2-Aug-10

Bajaj Allianz Group Credit Shield

Insurance is the subject matter of the solicitation.

Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Credit Shield

Protect your credit card outstanding by providing the care of life insurance to your client.

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Loss of one hand and one leg Loss of both legs Loss of both feet Removal of the lower jaw

Normally, the Group Policyholder has to pay the premiums. However, the premium amount may be charged to the members/loanees. Premium Payment Mode: Premiums will be collected every month by the Group administration as

What is the Bajaj Allianz Credit Shield Scheme?

!
It is a Group Term Insurance Scheme that provides basic insurance protection to people who have availed of a credit card from an Institution/Bank. The main feature of this plan is to cover the risk of outstanding balance in the credit card in case of premature demise or permanent total disability of the primary cardholder. Life Insurance Benefit for all members of the Scheme is provided by one policy document that is issued to the Group Policyholder i.e. the Institution/Bank.

Disability must occur within 180 days from the date of accident. The maximum amount of cover would be Rs. 1 lakh for a single cardholder and Rs. 2.5 Lakhs for multiple cardholders. How is Life Cover provided under the Bajaj Allianz Credit Shield Scheme?
!

a percentage of outstanding credit balance at every monthly billing and remitted to the insurer. The grace period for payment of premiums would be 30 days. Grace Period: Premiums to be paid before expiry of one month but not less than 30 days from due date. Profit Sharing: Profit sharing is subject to a minimum membership of 1000. Profit Sharing will involve payment of a specified percentage of the profit depending on the experience as determined annually. The profit will be calculated as the excess of premiums over claims and expenses. The expenses will be 10% of the premium. Losses will be carried forward for upto three years to offset future profits. The share of the group policyholder will be not exceeding 60% of profit calculated as above. Loans: Loans are not available under this Scheme. Surrender: Surrender Values are not available under this Scheme. Revivals: Policies may be revived/reinstated within one year of unpaid premium on terms agreed at time of revival/reinstatement. 15 days FreeLook 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 risk premium for the period on cover and the expenses incurred on medical examination and stamp duty charges.

Life Cover is provided under One Year Renewable Group Term Assurance.

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The premiums are renewable and reviewable on a yearly basis. The scheme may be eligible for profit sharing in the form of a reduction in renewal premium, depending upon the IRDA regulations and experience of Bajaj Allianz Life Insurance Company.

Who can set-up the Bajaj Allianz Credit Shield Scheme?

All banks/Institutions, who issue credit cards and who maintain up-todate records of their cardholder members can set up the Allianz Bajaj Group Credit Shield Scheme. What does the Bajaj Allianz Credit Shield Scheme offer?

What are the eligibility conditions of the Bajaj Allianz Credit Shield Scheme? Eligibility Condition 18 57 1000
Rs. 1,00,000 for a single cardholder and Rs. 2,50,000 under all cards put together

To the Group Policyholder:

Minimum Age at Entry Maximum Age at Entry Minimum Group Size Maximum Life Cover Limit

Provides valuable cover to the Group Policyholder against default of outstanding balance on the credit card because of untimely death or accidental permanent total disability.

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Attractive benefit-to-premium ratio. Easy to set up and administer. Simple Insurability Conditions: The insurability condition is that the member should be a credit cardholder on the date of entry. New Entrants and Leavers:

To the primary cardholder: On death or accidental total permanent disability of the Group Member/Life Assured the outstanding credit amount is payable to the master policyholder. A member can claim Accidental Total Permanent Disability benefit only once. Disability as a result of an accident and must be total and permanent, and the accident must result in one of:

! At the commencement, and thereafter on each annual renewal date,

the Group Policyholder will have to send all the members data to the respective unit of Bajaj Allianz Life Insurance Company.

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Loss of both eyes Loss of both arms or both hands Loss of one arm and one leg Loss of one arm and one foot Loss of one hand and one foot

! If a member enters the scheme between two annual renewal dates, the
particulars of the same may be submitted by the Group Policyholder on a monthly basis along with the proportionate premium. Premiums:

Exclusions: