Retire Rich. A Unit-linked Pension Plan. Bajaj Allianz. A plan that enables you to retire with laughter lines not worry lines.

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1 Bajaj Allianz Retire Rich A Unit-linked Pension Plan IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER A plan at enables you to retire wi laughter lines not worry lines.

2 Bajaj Allianz Retire Rich - A Unit-linked Pension Plan A plan at enables you to retire wi laughter lines not worry lines. You have been working hard. You will retire one day. How do you want to spend your retirement? Travelling? Golfing? Turning a hobby into a second career or volunteering for a noble cause or simply spending more time wi your family. In retirement, how you choose to spend your time is now up to you. The decisions you make about your money today should be flexible enough to accommodate your changing needs. Taking charge of your retirement begins wi Bajaj Allianz Retire Rich - A Unit-linked Pension Plan so at your retirement dreams are well met. Key Benefits of Bajaj Allianz Retire Rich The plan offers you e key benefits of: Guaranteed Vesting Benefit of 101% of e total premiums paid and Guaranteed Dea Benefit 105% of e total premiums paid Option to select regular, limited or single premium payment Option to change e premium payment term Flexibility to pay top-up premium Plan Working Bajaj Allianz Retire Rich is a simple to understand unit-linked deferred pension plan. At e inception, you have to choose between Regular, Limited or Single premium payment option Premium paid by you, after deduction of premium allocation charge, will be allocated in to e Pension Builder Fund. Units will be allocated to your policy account at e prevailing unit price of e fund The policy administration charge will be deducted monly rough cancellation of units. Fund management charge and guarantee charge are adjusted in e unit price In e process to comply wi e reduction in yield, e Company may arrive at specific non-negative claw-back additions, if any, to be added to your fund, as applicable, at various durations of time after e first five years of e contract. At e end of your policy term, i.e., on e vesting date, e vesting benefit of your policy will be your Fund Value subject to a Guaranteed Vesting Benefit of 101% of e sum of all premiums and top-up premiums paid by you till e vesting date Sample Illustration Subhash aged 35 years has taken Bajaj Allianz Retire Rich for a Policy Term (PT) of 24 years. Subhash has decided to pay ` 1,00,000 as annual premium for a premium paying term of 20 years. On vesting date, Subhash s vesting benefit may be ` 26,95,412 at 4% and ` 48,81,293 at 8% investment return respectively.

3 Premium Paying Term 20 years ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` Vesting Benefit of ` 4% ` 8% 0 year 6 year 12 year Policy Term 24 years 18 year 20 year 24 year In case of Subhash s unfortunate dea in e 8 policy year, his nominee may receive ` 8,40,000 at 4% and ` 10,00,835 at 8% investment return respectively ` ` ` ` ` ` ` ` Premium Paying Term 20 years Dea Benefit of ` 4% ` 8% Benefits Dea Benefit a) On dea of e life assured before e vesting date, e dea benefit payable to e nominee will be higher of e total Fund Value as on date of receipt of intimation of dea or e Guaranteed Dea Benefit b) Guaranteed Dea Benefit: 105% of e sum of all premiums and top-up premiums (if any) paid till date under e policy c) The nominee can utilize e dea benefit in any of e following ways: i) Take e entire dea benefit as cash lump-sum or ii) Use e entire or part of e dea benefit proceeds to purchase an annuity from us at e en prevailing annuity rates. Vesting Benefit 0 year 6 year 8 year Above illustrations is at a Fund Management Charge of 1.25% 12 year Policy Term 24 years 18 year 20 year 24 year a) The vesting benefit of your policy on e vesting date will be higher of e Guaranteed Vesting Benefit or e total Fund Value as on e vesting date b) Guaranteed Vesting Benefit: 101% of e sum of all premium and top-up premiums (if any) paid by you till e vesting date c) On e vesting date, you have e option to use your vesting benefit in one of e following ree ways: rd i) You may take up to 1/3 * of vesting benefit as a lump sum and purchase an immediate annuity from us wi e balance amount at e en prevailing annuity rates under any immediate annuity plan available on sale en. ii) You may purchase a single premium deferred pension plan from us, using e entire proceeds of your vesting benefit irrespective of minimum single premium. iii) You may extend your prevailing deferment period under e policy to any available period as at e vesting date,

4 provided your age as on e vesting date is less an 55 years. The prevailing guaranteed dea benefit, guaranteed vesting benefit and option to pay top-up premiums will continue during e extended deferment period. Once e option is chosen, e guaranteed vesting benefit shall not be applicable at e original vesting date. No premiums need to be paid during e extended deferment period. During e extended deferment period, all applicable charges will get deducted. Note: You will have to exercise one of e above ree options before e vesting date *maximum as allowed by IT Act Loyalty Additions You will get additional Loyalty Additions added to your Fund Value on e original vesting date of your policy. Loyalty Additions are equal to a percentage of annualized/single premium as given below: Policy Term 7 to to to to to 30 For Regular/ Limited Premium payment option For premium less an ` 10,00,000 Nil 8.5% 9.0% 10.0% For premium of ` 10,00,000 and above Nil 25.5% 27.0% 30.0% 11.0% 33.0% For Single Premium Payment option Nil 3.0% 3.5% 4.0% 4.5% Surrender Benefit You may, at any time, surrender e policy If e policy is surrendered during e lock in period of five years: i) Dea benefit under your plan will terminate immediately ii) Your Fund Value less e discontinuance/ surrender charge, if any, plus e top up premium Fund Value, if any, as on e date of surrender, will be transferred to e discontinued pension policy fund. iii) The discontinuance value as at e end of e lock-in period will be available to you as surrender value iv) Once e policy is surrendered it cannot be revived On surrender of e policy after e lock in period of five years, e total Fund Value, on e date of surrender, will be available to you as e surrender value and e policy will terminate. You should compulsorily use e surrender value available in one of e following two ways: i) You may purchase a single premium deferred pension plan from us, using e entire proceeds of your surrender benefit OR rd ii) You may take up to 1/3 *of e surrender value as a lump sum and purchase an immediate annuity from us wi e balance amount at e en prevailing annuity rates.

5 Features Alteration of premium payment frequency (only in regular premium/ limited premium payment options) 1. You can change your premium payment frequency under your policy at any time subject to minimum premium allowed under e plan and subject to e existing & requested premium frequencies being aligned. 2. Miscellaneous charge will be applicable for is alteration 3. The premium frequency factors for oer an single premium option are as given below: Modes Yearly Half-yearly Quarterly Monly Premium Frequency Factor 1 1/2 1/4 1/12 Option to make lump sum investment You can make lump sum investments at any time except in e last five policy years by paying unlimited top up premiums to enhance your fund value, provided all due regular premiums are paid. The minimum top up premium is ` 5,000. Option to change e premium paying term (only in case of regular and limited premium payment option) You have e option to change your premium paying term at any time subject to e minimum and maximum premium paying term allowed under e plan, provided all due regular and limited premium till e date of such request are paid Such option should be exercised before e expiry of e existing premium paying term Miscellaneous charge will be applicable for e option. Fund Pension Builder Fund Risk Profile Medium (SFIN: ULIF06908/02/13PENSIONBUI116) The investment objective of is fund is to provide capital appreciation by investing in a suitable mix of debt and equities. The fund strategy would be to invest in following mix of assets: Portfolio Allocation: Equity & equity related instruments : 0% - 50% Debt, fixed deposits & debt related instruments : 25% - 100% (a) Mutual funds and money market instruments : 0% - 40% (a) Mutual fund exposure will be as mandated by e IRDA guidelines The exposure to money market securities may be increased to 100% only in extreme situations external to e company, keeping in view market conditions, political, economic and oer factors. All changes in e asset allocation will be wi e intention of protecting e interests of e Policy holders.

6 Plan Terms and Conditions Eligibility conditions Parameter Minimum Entry Age Maximum Entry Age Minimum Age at Vesting Maximum Age at Vesting Minimum Policy Term Maximum Policy Term Minimum Premium Payment Term (Regular/ Limited Premium Payment option) Maximum Premium Payment Term (Regular/ Limited Premium Payment option) Minimum Regular Premium Details 30 years 73 years 37 years 80 years 7 years 30 years Deferment periods available: 7 years to 30 years (bo inclusive) only 5 years Up to e Policy Term chosen For Regular and Limited Premium Payment options: Premium Per yearly Per half-yearly Per quarterly Per monly Paying Term installment installment installment installment Less an 7 years ` 50,000 ` 37,500 ` 25,000 ` 9,500 7 to 10 years ` 25,000 ` 19,000 `12,500 ` 4, years & above ` 15,000 ` 11,500 ` 8,000 ` 3,000 For Single Premium Payment option: Maximum Regular premium Minimum Top Up Premium ` 5,000 Maximum Top Up Premium Policy Term 7 to 10 years 11 years and above No Limit No Limit Single Premium ` 1,00,000 ` 50,000 Monly premium payment frequency will be available under salary deduction scheme & ECS.

7 Discontinuance If regular premiums have been discontinued during e first five years of your policy, en a notice will be sent to you wiin fifteen days of e expiry of e grace period. You will have to intimate e company about one of e following two options wiin 30 days of receipt of such notice: (i) Option (I) - Revive or agree to revive wiin a period of two years OR (ii) Option (II) - Surrender e Policy wiout any risk cover and receive e Discontinuance Value eier at e end of e a. Lock-in period of five (5) Policy Years or b. Revival Period only in case e lock-in period of five (5) Policy Years expires before e expiry of Revival Period. On choosing Option (II) or if e company does not receive any intimation from you wiin e notice period of 30 days, e company shall take discontinuance action, on receipt of your written intimation or expiry of 30 days as e case may be. Under e discontinuance action e Policy shall be converted to a discontinued Policy and e regular premium fund value less e discontinuance charge plus e top up premium fund value, if any, will be transferred to e Discontinued Pension Policy Fund, and e life cover, if any, will be terminated immediately. In case Option (II)-a has been specifically chosen or if e company does not receive any intimation from you, you shall not have e right to revive e policy wiin revival period. In case you have chosen Option (I) above but have not revived e policy wiin e notice period of irty (30) days mentioned above, e company shall take discontinuance action and e Policy shall be converted to a discontinued policy. The Discontinuance Value of a discontinued policy shall be available as e surrender value to you after e lock-in period of five years in case you have voluntarily opted for Option (II)-a or after e lock-in period of five years and at end of revival period, whichever is later. (For details please refer Surrender Benefit section) Till e discontinuance action is taken e policy shall be treated as in-force wi all risk cover by deduction of all applicable charges under e policy. If regular premiums have been discontinued after e first five years of your policy, en, a notice will be sent to you wiin fifteen days of e expiry of e grace period. You may intimate e company about one of e following ree options wiin 30 days of receipt of such notice: i) Option A - Revive wiin a period of two years Or ii) Option B - Surrender e policy Or iii) Option C - Convert your policy into a paid-up policy where no furer premiums are payable. If we do not receive any intimation from you or if you intimate us to surrender your policy as per Option B above, en, e surrender value under your policy as on date of intimation or expiry of period of 30 days, as e case may be, will be available and e policy will terminate. During e revival period, where e policy is not revived, your policy will be treated as an in-force policy wi all risk cover by deduction of all applicable charges under e policy. At e end of e revival period, if e policy has not been revived, e surrender value under e policy as at e end of e revival period will be available and e policy will terminate. (For details please refer Surrender Benefit section)

8 Days of Grace A grace period of 15 days is available for monly frequency and 30 days for oer frequencies. Termination Conditions This policy shall automatically terminate on e earlier occurrence of eier of e following events: Upon dea of e life assured On e vesting date, if policy has not been extended by you. If extended, on e revised vesting date Upon payment of discontinuance/ surrender value Loan Loan is not available under is Plan. Free Look Period Wiin 15 days [30 days in case e Policy is issued under e provisions of IRDA Guidelines on Distance Marketing* of Insurance Products] from e date of receipt of e policy, you have e option to review e terms and conditions and return e policy, if you disagree to any of e terms & conditions, stating e reasons for your objections. You will be entitled to a refund of e non allocated premium plus charges levied by cancellation of units plus fund value as at e date of cancellation, subject only to a deduction of a proportionate risk premium for e period on cover and e expenses incurred on medical examination and stamp duty charges. * Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products rough modes oer an in person. Tax Benefit The premium payment {as per Sec. 80CCC} and commutation amount {as per Sec. 10 (10A)} are available for deduction under e Income Tax Act. For more details about eligibility, please refer e latest provisions of Income Tax Acts.

9 Charges under e Plan Charges Premium Allocation Charge Details The Premium Allocation charge, as percentage of e premium paid, which varies by policy year is as follows: Policy Year For Regular/ Limited Premium Payment option For Single Premium Payment option % 5.7% 0% 4% - - All Top ups have a premium allocation charge of 2% Policy Administration Charge For Regular/ Limited Premium Payment option - Nil for e first five years; 1.7% per annum of annualized premium from 6 policy year capped to ` 6000 This charge will be deducted at each monly anniversary by cancellation of units at e prevailing unit price. For Single Premium Payment option - i. 0.8% p.a. of e single premium for e first five years; ii. 0.38% p.a. of e single premium from 6 policy year, 5%p.a on every policy anniversary. The charges are capped to e extent of ` 6000 per year. Fund Management Charge (FMC) Fund Pension Builder Fund Discontinued Pension Policy Fund Fund Management Charge per annum 1.25% 0.50% This charge would be adjusted in unit price. Guarantee Charge 0.25% per annum of e fund value & top-up premium fund value, if any. This charge will be adjusted in e unit price

10 Discontinuance/ Surrender Charge Policy Year & above For Regular/ Limited Premium Payment option Annualized Premium up to ` 25000/- 20% of e lower of AP or FV, ` 3,000 15% of e lower of AP or FV, ` 2,000 10% of e lower of AP or FV, ` 1,500 5% of e lower of AP or FV, ` 1,000 Nil Annualized Premium above ` 25000/- 6% of e lower of AP or FV, ` 6,000 4% of e lower of AP or FV, ` 5,000 3% of e lower of AP or FV, ` 4,000 2% of e lower of AP or FV, ` 2,000 Nil AP Annualized Premium, FV Regular Premium Fund Value For Single Premium Payment option Policy Year Single Premium Miscellaneous Charge Mortality Charge & above Lower of 1% * (SP or FV) ` 6,000 Lower of 0.5% * (SP or FV) ` 5,000 Lower of.25% * (SP or FV) ` 4,000 Lower of 0.1% * (SP or FV) ` 2,000 Nil SP Single Premium, FV Single Premium Fund Value ` 100 per transaction in respect of change in premium paying term or alteration of premium frequency Mortality Charge will be deducted at each monly anniversary by cancellation of units. Sample mortality charges per annum per ousand of sum at risk for a healy male life is shown below: Age (yrs) ` Sum at risk is equal to e Max [Dea benefit regular/ single premium fund value top up premium fund value, zero Service Tax on Charges Any service tax and/or cess on charges will be debited by unit cancellation.

11 Revision of Charges After taking due approval from e Insurance Regulatory and Development Auority, e Company reserves e right to revise e above mentioned charges except e premium allocation charge and mortality charge, which are guaranteed roughout e policy term. Fund Management Charge up to a maximum of 1.35% per annum of e NAV for e Pension Builder Fund And 0.50% p.a. for e Discontinued Pension Policy Fund Policy Administration Charge upto a maximum of ` 6000 per year. Guarantee charge up to a maximum of 0.50% per annum of e NAV Miscellaneous charge upto a maximum of ` 200 per transaction The Company will give a notice of ree mons to you for any of changes in above mentioned charges. If you do not agree wi e revised charges en you shall be allowed to widraw e units in e Policy at e en prevailing unit value and e policy will terminate. Definitions Fund Value is equal to e number of units under is policy multiplied by e respective unit price on e relevant valuation date Regular Premium Fund Value is equal to e number of units pertaining to regular/ limited premium payment option under is policy multiplied by e respective unit price on e relevant valuation date Top Up Premium Fund Value is equal to e number of units pertaining to top up premium under is policy multiplied by e respective unit price on e relevant valuation date Single Premium Fund Value is equal to e total units in respect of Single Premium under is policy multiplied by e respective unit price on e relevant valuation date Paid-up Sum Assured means e reduced sum assured under e policy where premiums have been discontinued after e lock-in period, which is equal to original sum assured multiplied by e proportion of e total number of premium paid to e original number of premium payable under e policy. Unit Price of each fund is arrived at by dividing e Net Asset Value (NAV) of e fund by e number of units existing in e fund at e valuation date. All requests received for any unit transaction till e cut-off time of a day shall be processed at e unit price of e same day. The requests received after e cut-off time of a day shall be processed at e unit price of e next day. The request for unit transaction can be premium payment/surrender / dea claim. Currently e cut-off time is 3.00pm for applicability of unit price for a particular day. Discontinued Pension Policy Fund (SFIN: ULIF07126/03/13DISCONPENS116) is e fund maintained by e Company at is set aside and is constituted by e discontinuance fund value of e Discontinued Pension Policies determined in accordance wi e Insurance Regulatory and Development Auority (Linked Insurance Products) Regulation, Discontinuance Value is e higher of: The fund value less e discontinuance charge, plus e top up premium fund value, if any, all as on date of discontinuance/surrender, accumulated at e rate of return earned on e discontinued pension policy fund net of Fund Management Charge OR

12 The Fund Value less e discontinuance charge, plus e top up premium Fund Value, if any, all as on date of discontinuance/surrender, accumulated at e minimum guaranteed rate of investment return net of Fund Management Charge. The minimum guaranteed rate of investment return mandated by e IRDA regulation is 4% p.a. In accordance wi e IRDA (Linked Insurance Products) Regulation, 2013, e current Fund Management Charge on Discontinued Pension Policy Fund is 0.5% per annum. The Fund Management Charge and e minimum guaranteed rates of investment return as mentioned above may change from time to time as per e IRDA guidelines. Valuation Date: We aim to value e funds on each day e financial markets are open. However, we may value e funds less frequently in extreme circumstances, where e values of assets are too uncertain. In such circumstances, we may defer e valuation of assets for up to 30 days until we feel at certainty as to e value of assets is resumed. The deferment of valuation of assets will be wi prior consultation wi e IRDA. Computation of NAV: Unit Price/NAV means e value per unit calculated in Rupees as follows: Unit Price = Market value of investment held by e fund + value of current assets (value of current liabilities and provisions, if any) /Number of units existing on valuation date (before creation / redemption of units) General Exclusions In case of dea of e life assured due to suicide wiin one year from e date of commencement of risk or e date of latest revival of e policy, e contract of insurance shall be void, and e Company s liability shall be limited to e extent of e fund value and top up premium fund value, if any, as on e date of dea. Any charges recovered subsequent to e date of dea shall be paid back to nominee along wi e dea benefit. Risks of Investment in e Units of e Plan The Policyholder should be aware at e investment in e Units is subject to e following, amongst oer risks and agrees at he/ she is making e investment in e Units wi full knowledge of e same. 1) Unit Linked Life Insurance products are different from e traditional insurance products and are subject to e risk factors. 2) The premium paid in unit linked life insurance policies are subject to investment risks associated wi capital markets and e Unit Price of e units may go up or down based on e performance of e fund and factors influencing e capital market and policyholder is responsible for his/her decisions. 3) Bajaj Allianz Life Insurance is only e name of e insurance company and Bajaj Allianz Retire Rich is only e name of e plan and does not in any way indicate e quality of e policy, its future prospects or returns. 4) Please know e associated risks and e applicable charges from your policy document or by consulting e Company, your Insurance agent or your Insurance intermediary. 5) The investments in e Units are subject to market and oer risks and ere can be no assurance at e objectives of e fund will be achieved. 6) Pension Builder Fund does not offer a guaranteed or assured return. All benefits payable under e Policy are subject to e tax laws and oer financial enactments, as ey exist from time to time. 7) The past performance of oer funds of e company is not necessarily indicative of e future performance of any of ese funds.

13 Nomination: If you effect a policy on your own life, you need to nominate a person to receive e dea benefit under e policy in e event of dea of e life assured. This nomination shall be in accordance wi Section 39 of e Insurance Act, Prohibition of Rebate: Section 41 of e Insurance Act, 1938 No person shall allow or offer to allow, eier 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 e whole or part of e commission payable or any rebate of e premium shown on e 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 wi e published prospectuses or tables of e insurer. Any person making default in complying wi e provision of is section shall be punishable wi a fine at may extend to five hundred rupees. Fraud & Misrepresentation: Section 45 of e Insurance Act, 1938 No Policy of life insurance effected after e coming into force of is Act shall, after e expiry of two years from e date on which it was effected, be called in question by an insurer on e ground at a statement made in e proposal for insurance or in any report of a medical officer, or referee, or friend of e insured, or in any oer document leading to e issue of e policy, was inaccurate or false, unless e insurer shows at such statement was on a material matter or suppressed facts which it was material to disclose and at it was fraudulently made by e policy-holder and at e policy holder knew at e time of making it at e statement was false or at it suppressed facts which it was material to disclose. Why Bajaj Allianz Life Insurance? Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. Bo enjoy a reputation of expertise, stability and streng. This joint venture company incorporates global expertise wi local experience. The comprehensive, innovative solutions combine e technical expertise and experience of e 119 year old Allianz SE, and in-dep market knowledge and goodwill of Bajaj brand in India. Competitive pricing and quick honest response have earned e company e customer's trust and market leadership in a very short time. Bajaj Allianz Retire Rich is Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated wi e capital markets. The policyholder is solely responsible for his/her decisions while investing in ULIPs. Bajaj Allianz Life Insurance and Bajaj Allianz Retire Rich are e names of e company and e product respectively and do not in any way indicate e quality of e product and its future prospects or returns. All Charges applicable shall be levied. The policy document is e conclusive evidence of contract and provides in details all e conditions and exclusions related to Bajaj Allianz Retire Rich. All Charges applicable shall be levied. This brochure should be read in conjunction wi e Benefit Illustration. The policy document is e conclusive evident of contract and provides in details all e conditions and exclusions related to Bajaj Allianz Retire Rich. Please ask for e same along wi e quotation.

14 Contact Details Bajaj Allianz Life Insurance Company Limited, G.E. Plaza, Airport Road, Yerawada, Pune Reg. No.: 116 Fax: (020) BALIC CIN :U66010PN2001PLC SMS LIFE For any queries please contact: BSNL/MTNL (Toll Free) Any Mobile & Landline (Toll Free) Mail us : customercare@bajajallianz.co.in chat: bajajallianzlife.co.in/chat Bajaj Allianz Retire Rich (UIN : 116L126V01) The linked insurance products do not offer any liquidity during e first five years of e contract. The policyholder will not be able to widraw e monies invested in linked products completely or partially till e end of e fif year BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDA clarifies to public at - IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along wi details of phone call, number. For More Information: Kindly consult our Insurance Consultant or call us today on e TOLL FREE numbers mentioned above. This brochure should be read in conjunction wi e Benefit Illustration and Policy Exclusions. Please ask for e same along wi e quotation. The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on e basis of license given by Bajaj Finserv Ltd. to use its Bajaj Logo and Allianz SE to use its Allianz logo. Insurance is e subject matter of solicitation BJAZ-PB-0426/28-Oct-14