{"uin":"116L210V02","name":"Bajaj Life Group Investment Plan","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02","insurer":{"slug":"bajaj-life-insurance","name":"Bajaj Life Insurance Limited","url":"https://indiainsurances.com/insurer/bajaj-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":"ULIP","kind":"product","status":"active","approved_on":"2025-08-01","withdrawn_on":null,"summary":"Bajaj Life Group Investment Plan is a unit-linked, non-participating life and pension group savings insurance plan for employer-employee groups. The policy is yearly renewable, offers pooled or individual unit fund options, has no premium allocation or policy administration charges, and allows unlimited free fund switches.","analysis":{"state":"machine","analysed_at":"2026-10-20 01:00:43.605038+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Option 1 - Pooled Unit Fund","Option 2 – Individual Unit Fund"],"display":"Option 1 - Pooled Unit Fund; Option 2 – Individual Unit Fund","note":"These are the fund maintenance options under the product.","quote":"The Company will provide two options to the Policyholder to maintain the Fund at the Policy Commencement Date, Option 1 - Pooled Unit Fund and Option 2 – Individual Unit Fund for all the Members.","sources":[{"clause":"49(I)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-i"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"The policy is yearly renewable and is renewed at each Annual Renewal Date on the company's then applicable terms and conditions.","display":"Yearly renewable","note":null,"quote":"The Policy is yearly renewable. The Policyholder shall renew the Policy at each Annual Renewal Date, as per the terms and conditions stipulated by the Company then.","sources":[{"clause":"49(I)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-i"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Death claim intimation should be received in writing within 180 days of the occurrence of death. The company may condone delay if it is proved to be for reasons beyond the claimant's control.","display":"Within 180 days of occurrence of death","note":null,"quote":"Claim intimation should be received in writing within 180 days of occurrence of the death. However, we may condone the delay in claim intimation, if any, where the delay is proved to be for reasons beyond the control of the claimant","sources":[{"clause":"Row 11(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-a-3"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Medical records from the physician last seen.","Certificate of Hospital Treatment","Discharge summary / Discharge card from the hospitals/ clinics where member had taken treatment.","Any other document that may be relevant in establishing the validity of the claim.","Death Certificate issued by the local municipal authority and medical cause of death certification","Medical Cause of death","Coroner’s / Post Mortem Report / FIR (First Information Report) / PIR (Police Inquest Report)/ Final Inquest Report in case of unnatural/ accidental death","Documents to establish right of claimant in case of no valid nomination being in existence at the time of death","Report from police in case of Accident/ unnatural death","Claim intimation letter for exits other than death"],"display":"Death claim documents include medical records, hospital certificate, discharge summary/card, death certificate, medical cause of death, police/post-mortem documents for unnatural or accidental death, claimant-right documents, and other relevant documents; for exits other than death, claim intimation letter.","note":null,"quote":"1. Medical records from the physician last seen.\n2. Certificate of Hospital Treatment\n3. Discharge summary / Discharge card from the hospitals/ clinics where member had taken treatment. Any other document that may be relevant in establishing the validity of the claim. ... 5. Death Certificate issued by the local municipal authority and medical cause of death certification\n6. Medical Cause of death\n7. Coroner’s / Post Mortem Report / FIR (First Information Report) / PIR (Police Inquest Report)/ Final Inquest Report in case of unnatural/ accidental death\n8. Documents to establish right of claimant in case of no valid nomination being in existence at the time of death\n9. Report from police in case of Accident/ unnatural death ... Upon claim on exits other than death, the payment of Benefit will be subject to the Company’s right to receive all information and documentation sought which includes but not limited to Claim intimation letter.","sources":[{"clause":"Row 11(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-a-3"},{"clause":"Row 11(b)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-b-3"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The CIS only gives links for claim settlement TAT and brief procedure; no claim settlement time is printed in the clauses.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["No Exclusions"],"display":"No Exclusions","note":null,"quote":"Exclusions (events where insurance coverage is not payable), if any. | No Exclusions | Part F – Section XIX ... XIX. Suicide Exclusion None","sources":[{"clause":"Row 9","heading":"Exclusions (events where insurance coverage is not payable), if any.","page":24,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-9-3"},{"clause":"Row 11(e)(v)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-e-v"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact the Grievance Officer of the nearest Customer Care Centre at a branch office of the company, or communicate with the company by post, phone or email. If not satisfied or no response is received within 14 days, contact the Grievance Redressal Officer.","display":"Grievance Officer at nearest Customer Care Centre/Branch Office, then Grievance Redressal Officer after 14 days","note":null,"quote":"In case you have any query or compliant/ grievance, you may contact the Grievance Officer of any nearest Customer Care Centre at Branch Office of the Company during the Company’s office hours (excluding public holidays) from Monday to Saturday : 9 am to 7 pm. Alternatively, you may communicate with the Company: ... In case you are not satisfied with the resolution provided to you by the above office, or have not received any response within fourteen (14) days, or you have any suggestion in respect of this Policy or on the functioning of the office, you may contact the following official for resolution:\nGrievance Redressal Officer, Bajaj Life Insurance Limited","sources":[{"clause":"Row 11(e)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-e-4"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"The Sum Assured is the amount specified in the Membership Register for the member, and is used to determine the Death Benefit payable to the nominee after the Date of Commencement of Risk.","display":"As specified in the Membership Register for the Member","note":null,"quote":"“Sum Assured” is the amount as specified in the Membership Register for the Member, which is referred to, to determine the Death Benefit payable to the Nominee after the Date of Commencement of Risk.","sources":[{"clause":"43","heading":null,"page":5,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-43"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"For the Pooled Fund option, the Death Benefit is the amount defined by the Policyholder in the Scheme Rules and Sum Assured, if any, with the Sum Assured paid by the company. For the Individual Fund option, Individual Unit Fund Value allocated as per Scheme Rules plus Sum Assured for the specific employee is paid.","display":"Pooled Fund: amount defined in Scheme Rules and Sum Assured, if any; Individual Fund: Individual Unit Fund Value plus Sum Assured","note":null,"quote":"Death | Death Benefit as defined under the Scheme Rules | The Death Benefit is the amount as may be defined by the Policyholder in the Scheme Rules and Sum Assured, if any. It will be paid after withdrawing the amount from the Pooled Fund. Sum Assured under the Policy will not be withdrawn from the Pooled Fund and shall be paid by the Company. | Individual Unit Fund Value as allocated as per the Scheme Rules plus Sum Assured in respect of the specific Employee shall be paid.","sources":[{"clause":"49(III)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-iii"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"Benefits payable on maturity are not available.","display":"Benefits payable on maturity– Not available","note":null,"quote":"Benefits payable on maturity– Not available","sources":[{"clause":"Row 5","heading":"Policy Coverage / benefits payable","page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-5-3"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium payment term is not applicable. Contributions are payable by the Policyholder at the frequency mentioned in the Schedule and in the amount required as per actuarial valuation of the Policyholder's liabilities.","display":"Premium payment Term - <Not Applicable>","note":null,"quote":"Premium payment Term - <Not Applicable> ... Contribution shall be payable by the Policyholder at the frequency as mentioned in the Schedule and in the amount as required, as per the actuarial valuation of the Policyholder’s liabilities carried out by an independent actuary in accordance with the relevant prevailing accounting standard.","sources":[{"clause":"Row 4","heading":"Basic Policy detail","page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-4-3"},{"clause":"49(II)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-ii"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"not-stated","value":null,"display":null,"note":"The document refers to Normal Retirement Age and Retirement Age in the Membership Register, but does not print a maximum maturity age.","quote":null,"sources":[],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"There is no suicide exclusion stated for this policy.","display":"Suicide Exclusion None","note":null,"quote":"XIX. Suicide Exclusion None","sources":[{"clause":"Row 11(e)(v)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-e-v"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"On surrender, the amount payable to the Policyholder is subject to applicable surrender charges and policy terms. If surrendered within the third renewal, a surrender charge of 0.05% of Fund Value applies, capped at Rs. 5,00,000; no surrender charge applies thereafter.","display":"Surrender benefit payable subject to charges; 0.05% of Fund Value capped at Rs. 5,00,000 if surrendered within the third renewal, nil thereafter","note":null,"quote":"Surrender Benefits – Amount payable to the Policyholder on surrender subject to applicable surrender charges and Terms and Conditions of the. Policy ... A Surrender Charge of 0.05% of the Fund Value, subject to a maximum of Rs. 5,00,000 will be levied if the Policy is Surrendered within the third renewal of the Policy. No Surrender Charges will be levied thereafter.","sources":[{"clause":"Row 5","heading":"Policy Coverage / benefits payable","page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-5-3"},{"clause":"Row 11(e)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-e"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"If the Fund Value is sufficient, the company may allow nil Contribution and the policy is not treated as discontinued, with the fund continuing subject to deduction of charges. If the fund has insufficient balance to deduct mortality charges within the grace period, the insurance cover ceases unless revived within the revival period.","display":"Nil Contribution may be allowed if Fund Value is sufficient; life cover ceases if mortality charge cannot be deducted within the grace period","note":null,"quote":"Where the Fund Value is sufficient, the Company may allow “nil Contribution” under the Policy based on an independent actuary’s certificate, in accordance with the prevailing accounting standard governing the long term employee benefits, and such Policy shall not be treated as discontinued Policy. ... If the fund has insufficient balance to deduct the mortality charge (if any) due in respect of the policy within the grace period, the insurance cover under the policy shall cease.","sources":[{"clause":"49(III)(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-iii-a-4"},{"clause":"49(III)(b)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-iii-b-3"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Policy loan is not applicable.","display":"Policy Loan, if applicable | Not applicable","note":null,"quote":"Policy Loan, if applicable | Not applicable","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":25,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-customer-information-sheet-know-your-policy-2"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Not applicable"],"display":"Riders opted, if any | Not applicable","note":"The CIS states riders opted are not applicable; it does not list any riders.","quote":"Riders opted, if any | Not applicable | Not applicable","sources":[{"clause":"Row 8","heading":"Riders opted, if any","page":24,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-8-3"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"After three years from the later of the Policy Commencement Date, Date of Commencement of Risk, latest revival or Date of Commencement of Rider, the life policy cannot be called in question on any ground. Within three years, it may be called in question for fraud or material misstatement/suppression, with written communication of the grounds and materials.","display":"Cannot be called in question after three (3) years; fraud or material misstatement can be questioned within three (3) years","note":null,"quote":"No Policy of life insurance shall be called in question on any ground whatsoever after expiry of three (3) years from (a) the Policy Commencement Date or (b) the Date of Commencement of Risk or (c) the date of latest revival of the Policy or (d) the Date of Commencement of Rider; whichever is later. ... On the ground of fraud, a Policy of life insurance may be called in question within three (3) years from ... Life insurance Policy can be called in question within three (3) years on the ground that any statement of or suppression of a fact material to expectancy of life of the Life Assured or Policyholder was incorrectly made in the Proposal Form or other documents","sources":[{"clause":"1","heading":null,"page":22,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-1-4"},{"clause":"2","heading":null,"page":22,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-2-4"},{"clause":"6","heading":null,"page":22,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-6-4"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"not-stated","value":null,"display":null,"note":"The document discusses taxes and deductions, but does not state tax benefits.","quote":null,"sources":[],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"A freelook period of 30 (thirty) days from the date of receipt of this Policy Document, whether received electronically or otherwise, has been provided to review the terms and conditions of this Policy.","sources":[{"clause":"49(III)(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-iii-a-2"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":15},"display":"15 days for monthly Contribution payment frequency","note":"Thirty (30) days applies for other than monthly Contribution payment frequency.","quote":"“Grace Period” means a period of fifteen (15) days for monthly Contribution payment frequency and thirty (30) days for other than monthly Contribution payment of frequency, from the due date of the Contribution payment without any penalty or late fee, during which time the Policy is considered to be in-force with the risk cover without any interruption as per the Policy terms and conditions.","sources":[{"clause":"19","heading":"“Grace Period”","page":4,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-19"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"not-stated","value":null,"display":null,"note":"Eligibility is stated as per Scheme Rules, but the policy document does not print youngest or oldest entry age.","quote":null,"sources":[],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"not-stated","value":null,"display":null,"note":"The document states the mode or frequency is as per the Schedule or scheme rules, but does not list yearly, half-yearly, quarterly or monthly options.","quote":null,"sources":[],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"not-stated","value":null,"display":null,"note":"The document states premium payment term is not applicable and describes contributions, but does not classify the product as single, regular or limited premium.","quote":null,"sources":[],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":0},"display":"Not applicable","note":null,"quote":"Lock-in period for Linked Insurance product – Not applicable","sources":[{"clause":"Row 5","heading":"Policy Coverage / benefits payable","page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-5-3"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"quote-verified","value":["Group Equity Fund — Very High","Group Bluechip Fund — High","Group Asset Allocation Fund – II — High","Stable Gain Fund — Moderate","Secure Gain Fund — Moderate","Group Debt Fund III — Low","Group Liquid Fund II — Very Low","Group Balance Gain Fund II — High","Group Debt Fund II — Low","Group Nifty 100 Index Fund* — Very High","Group Gilt Fund — Low"],"display":"11 funds: Group Equity, Group Bluechip, Group Asset Allocation Fund – II, Stable Gain, Secure Gain, Group Debt Fund III, Group Liquid Fund II, Group Balance Gain Fund II, Group Debt Fund II, Group Nifty 100 Index Fund*, Group Gilt Fund","note":null,"quote":"1. | Group Equity Fund | To provide capital appreciation through investment in equity shares. | Very High | ... 2. | Group Bluechip Fund | To provide capital appreciation through investment in equities forming part of NSE NIFTY. | High | ... 3. | Group Asset Allocation Fund – II | To realize a level of total income, including current income and capital appreciation, which is consistent with reasonable investment risk | High | ... 4. | Stable Gain Fund | To provide moderate returns keeping risk levels moderate. | Moderate | ... 5. | Secure Gain Fund | To provide stable returns with low risk to loss of principle. | Moderate | ... 6. | Group Debt Fund III | To provide stable returns through investment in various fixed income securities. | Low | ... 7. | Group Liquid Fund II | To provide stable returns through investment in various FD, MM In-strument and short-term instrument. | Very Low | ... 8. | Group Balance Gain Fund II | To provide capital appreciation with reasonable risk by investing in a suitable mix of debt and equities | High | ... 9. | Group Debt Fund II | To provide stable returns through investment in various fixed income securities. | Low | ... 10. | Group Nifty 100 Index Fund* | To provide capital appreciation through investment in equities forming part of Nifty 100 Index. | Very High | ... 11. | Group Gilt Fund | To generate reasonable return without any credit risk through in-vestment in securities issued by Central and State Governments and any other securities serviced/ guaranteed by Government of In-dia/State Governments. A portion of the fund may be invested in money market instruments and others like bank deposits, mutual funds, and net current assets to meet short term liquidity requirements of the Plan. | Low |","sources":[{"clause":"Row 1","heading":"Group Equity Fund","page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-1"},{"clause":"Row 2","heading":"Group Bluechip Fund","page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-2"},{"clause":"Row 3","heading":"Group Asset Allocation Fund – II","page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-3"},{"clause":"Row 4","heading":"Stable Gain Fund","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-4"},{"clause":"Row 5","heading":"Secure Gain Fund","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-5"},{"clause":"Row 6","heading":"Group Debt Fund III","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-6"},{"clause":"Row 7","heading":"Group Liquid Fund II","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-7"},{"clause":"Row 8","heading":"Group Balance Gain Fund II","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-8"},{"clause":"Row 9","heading":"Group Debt Fund II","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-9"},{"clause":"Row 10","heading":"Group Nifty 100 Index Fund*","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-10"},{"clause":"Row 11","heading":"Group Gilt Fund","page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"Premium allocation charges are nil.","display":"Nil","note":null,"quote":"Premium Allocation Charges Nil.","sources":[{"clause":"Row 11(a)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-a"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"Policy administration charges are nil.","display":"Nil","note":null,"quote":"Policy Administration Charges Nil","sources":[{"clause":"Row 11(b)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-b"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality charge is applied on the Sum Assured, if any, at Rs. 1 per 1000 SA. It is guaranteed for the entire policy term and deducted at each monthly anniversary by cancellation of units at the prevailing unit price.","display":"Rs. 1 per 1000 SA, deducted monthly","note":null,"quote":"The Mortality Charge is applied on the Sum Assured, if any. The Mortality charge will be Rs. 1 per 1000 SA. The mortality charge is guaranteed for the entire term of the policy. The mortality charge is deducted at each monthly anniversary by cancellation of units at the prevailing unit price.","sources":[{"clause":"Row 11(d)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-d"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"quote-verified","value":"The wording states a surrender charge rather than a separate discontinuance charge: 0.05% of Fund Value, capped at Rs. 5,00,000, if the policy is surrendered within the third renewal; no surrender charge thereafter.","display":"Surrender Charge: 0.05% of Fund Value, maximum Rs. 5,00,000, within the third renewal; none thereafter","note":"No separate discontinuance charge is named in the wording.","quote":"A Surrender Charge of 0.05% of the Fund Value, subject to a maximum of Rs. 5,00,000 will be levied if the Policy is Surrendered within the third renewal of the Policy. No Surrender Charges will be levied thereafter.","sources":[{"clause":"Row 11(e)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-11-e"}],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Switch funds are available, with unlimited free switches and a minimum switching amount of Rs. 5,000 or the value of units held in the fund to be switched from, whichever is lower. Partial withdrawal and top-up premium are not available.","display":"Unlimited free switches; minimum switch Rs. 5,000 or fund value if lower; partial withdrawal not available","note":null,"quote":"Unlimited free switches from one fund to the other are allowed. The minimum switching amount is Rs. 5,000 or the value of units held by the Policyholder or Member in the Fund to be switched from, whichever is lower. ... Partial Withdrawal : Not Available Top-up Premium: Not Available Switch Funds: Available","sources":[{"clause":"49(III)(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-49-iii-a-7"},{"clause":"Row 6","heading":"Options available (in case of Linked Insurance Products)","page":24,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011#c-row-6-3"}],"law":[]}],"documents":[{"kind":"wording","label":"Bajaj Life Group Investment Plan Policy Documents","pages":26,"fetched_at":"2026-10-17 19:43:02+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/GIP-Policy-Doc-116L210V01.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/4011"},{"kind":"wording","label":"Bajaj Life Group Investment Plan GIP-Policy-Doc.pdf","pages":26,"fetched_at":"2026-10-20 00:50:04+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/group-insurance/GIP-Policy-Doc.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/18662"},{"kind":"brochure","label":"Bajaj Life Group Investment Plan GIP-brochure.pdf","pages":14,"fetched_at":"2026-10-20 00:49:50+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/group-insurance/GIP-brochure.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02/document/18649"}],"versions":[{"uin":"116L210V01","version":null,"approved_on":null},{"uin":"116L210V02","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Bajaj Life Insurance official website","url":"https://www.bajajlifeinsurance.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim assistance","url":"https://www.bajajlifeinsurance.com/life-insurance-claim-assistance.html","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal mechanism","url":"https://www.bajajlifeinsurance.com/grievance-redressal-mechanism.html","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal payment","url":"https://www.bajajlifeinsurance.com/renewal-payment.html","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Bajaj Life Group Investment Plan (UIN 116L210V02), IndiaInsurances, https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-group-investment-plan-116l210v02"}