Bajaj Allianz life - Eligibility

LIFE COVER

Age at Entry			Minimum 18 - Maximum 65 years
Maximum Age at Maturity		With ROP	75 years
		Without ROP	85 years
		Whole Life	99 years
Sum Assured			Minimum- 50 lakhs	Maximum- As per Board Approved Underwriting Guidelines
Policy Term (PT) / Premium Payment Term (PPT)
	Premium Type for Variant	Minimum		Maximum
	Premium Type for Variant	PT (years)	PPT (years)	PT (years)	PPT (years)
Without ROP	RP	5	5	85 minus Age at Entry	67
	LP⁷	6	5	85 minus Age at Entry	30
	SP	5	1	40	1
With ROP	RP	10	10	75 minus Age at Entry	57
	LP⁷	10	5	75 minus Age at Entry	30
	SP	10	1	40	1
Whole Life	RP	Not Available
	LP⁷	99 minus Age at Entry	5	99 minus Age at Entry	30
	SP	Not Available

Eligibility for Add-On Covers (if opted) with this Variant:

Age at Entry		Minimum 18 years - Maximum 65 years
Maximum Age at Maturity	With ROP	75 years
	Without ROP	80 years
	Whole Life
Sum Assured for ADB / ATPDB		Minimum 5 lakhs - Maximum 2 Crores
Sum Assured for CIB		Minimum 5 lakhs - Maximum 1 Crore

Add-on cover	Premium Type for Variant	Minimum		Maximum
Add-on cover	Premium Type for Variant	PT (years)	PPT (years)	PT (years)	PPT (years)
“ADB/ATPDB” Without ROP	RP	5	5	80 minus Age at Entry	62
	LP⁷	6	5	80 minus Age at Entry	30
	SP	5	1	40	1
“ADB/ATPDB” With ROP	RP	10	10	75 minus Age at Entry	57
	LP⁷	10	5	75 minus Age at Entry	30
	SP	10	1	40	1
“ADB/ATPDB” With Whole Life	RP	Not Available
	LP⁷	6	5	80 minus Age at Entry	30
	SP	Not Available
“CIB & WOPB” Without ROP	RP	5	5	80 minus Age at Entry	62
	LP⁷	5	5	30	30
	SP	Not Available
“CIB & WOPB” With ROP	RP	10	10	75 minus Age at Entry	57
	LP⁷	10	10	30	30
	SP	Not Available
“CIB & WOPB” With Whole Life	RP	Not Available
	LP⁷	5	5	30	30
	SP	Not Available

⁷For Limited Premium Payment & for Add-on Cover(s) opted, the PPTs available are 5, 10, 15, 20, 25, 30 years; subject to maximum PPT cessation age of 75 years. For Limited Premium with ROP option, the minimum difference between PT and PPT should be 5 years

Note:

· The cover period for CIB / WOPB will always be equal to CIB / WOPB Premium Payment Terms respectively

· However, the cover period and premium payment term for CIB can be less than or equal to the Variant Premium Payment Term

· CIB is not available if Single Premium Payment has been opted for in the Variant

LIFE COVER WITH CHILD EDUCATION EXTRA COVER

Age at Entry	Minimum 18 years - Maximum 65 years
Nominee’s Age for CEEC	Minimum 0 years - Maximum 18 years
Maximum Age at Maturity	85 years
Sum Assured	Minimum- 50 lakhs			Maximum- As per Board Approved Underwriting Guidelines
Policy Term (PT) / Premium Payment Term (PPT)
Premium Type for Variant	Minimum			Maximum
	PT (years)	PPT (years)		PT (years)	PT (years)
RP	5	5		85 minus Age at Entry	67
LP⁷	6	5		85 minus Age at Entry	30
SP	5	1		40	1
Premium Type for CEEC	Minimum			Maximum
	PT (years)		PPT (years)	PT (years)	PPT (years)
RP	25 minus Age at Entry (of Child Nominee)⁸		5	25 minus Age at Entry (of Child Nominee)⁸	25
LP⁷			5		20
SP			1		1

⁸The CEEC policy term is {25 – Age at Entry of the Child (Nominee)} subject to such policy term not exceeding the policy term of the variant

Eligibility for Add-On Covers (if opted) with this Variant:

Age at Entry	Minimum 18 years - Maximum 65 years
Maximum Age at Maturity	80 years
Sum Assured for ADB / ATPDB	Minimum 5 lakhs - Maximum 2 Crores
Sum Assured for CIB	Minimum 5 lakhs - Maximum 1 Crore

Add-on cover	Premium Type for Variant	Minimum		Maximum
Add-on cover	Premium Type for Variant	PT (years)	PPT (years)	PT (years)	PPT (years)
ADB/ATPDB	RP	5	5	80 minus Age at Entry	62
	LP⁷	6	5	80 minus Age at Entry	30
	SP	5	1	40	1
CIB & WOPB	RP	5	5	80 minus Age at Entry	62
	LP⁷	5	5	30	30
	SP	Not Available

⁷For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers subject to maximum PPT cessation age of 75 years.

Note:

· The cover period for CIB / WOPB will always be equal to CIB / WOPB Premium Payment Terms respectively

· However, the cover period and premium payment term for CIB can be less than or equal to the Variant Premium Payment Term

· CIB is not available if Single Premium Payment has been opted for in the Variant

LIFE COVER WITH JOINT LIFE

Age at Entry	Minimum 18 years - Maximum 65 years
Maximum Age at Maturity	85 years
Sum Assured	Minimum- 50 lakhs			Maximum- As per Board Approved Underwriting Guidelines
Policy Term (PT) / Premium Payment Term (PPT)
Premium Type for Variant	Minimum (in years)			Maximum (in years)
Premium Type for Variant	PT	PPT (Without WOPB)	PPT (With WOPB)	PT	PPT (Without WOPB)	PPT (With WOPB)
RP	5	5	5	85 minus Age at Entry	67	62
LP⁷	6	5	5	85 minus Age at Entry	30	30
SP	5	1	NA	40	1	NA

⁷For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers; subject to maximum PPT cessation age of 75 years.

Note:

· The cover period for WOPB will always be equal to WOPB Premium Payment Terms respectively

INCREASING LIFE COVER

Age at Entry	Minimum 18 years - Maximum 65 years
Maximum Age at Maturity	85 years
Sum Assured	Minimum- 50 lakhs			Maximum - As per Board Approved Underwriting Guidelines
Policy Term/ Premium Payment Term
Premium Type for Variant	Minimum (in years)			Maximum (in years)
Premium Type for Variant	PT	PPT (Without WOPB)	PPT (With WOPB)	PT	PPT (Without WOPB)	PPT (With WOPB)
RP	5	5	5	85 minus Age at Entry	67	62
LP⁷	6	5	5	85 minus Age at Entry	30	30
SP	5	1	NA	40	1	NA

⁷For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers; subject to maximum PPT cessation age of 75 years.

Note:

· The cover period for WOPB will always be equal to WOPB Premium Payment Terms respectively