{"uin":"116N186V04","name":"Bajaj Life ACE","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04","insurer":{"slug":"bajaj-life-insurance","name":"Bajaj Life Insurance Limited","url":"https://indiainsurances.com/insurer/bajaj-life-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":"Product","kind":"product","status":"active","approved_on":"2023-06-21","withdrawn_on":null,"summary":"Bajaj Life ACE is a non-linked participating individual life savings plan with Deferred Income, Early Income, Increasing Income and Wealth product options. Sum Assured is 11 times the Annualised Premium, and the sales brochure states limited policy terms of 10 to 45 years or whole-life cover up to age 85 or 100.","analysis":{"state":"machine","analysed_at":"2026-10-19 21:10:16.648475+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":["Product Option 1 – Deferred Income","Product Option 2 – Early Income","Product Option 3 – Increasing Income","Product Option 4 - Wealth"],"display":"Deferred Income; Early Income; Increasing Income; Wealth","note":null,"quote":"There are following four Options available for the Policyholder of which one or more can be chosen at the inception:\ni) Product Option 1 – Deferred Income,\nii) Product Option 2 – Early Income,\niii) Product Option 3 – Increasing Income\niv) Product Option 4 - Wealth","sources":[{"clause":"5(b)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-b"}],"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":"Limited Term: 10 to 45 years; Whole Life: Upto Age 85 or 100.","display":"Limited Term: 10 to 45 years; Whole Life: Upto Age 85 or 100","note":"From the sales brochure.","quote":"Policy Term (PT) | Min/ Max. Age at Entry | Min/ Max. Age at Maturity\nEarly Income | 5, 6, 7, 8, 9, 10, 12 | IP = PT minus DP | 0 to 5 years | Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-s1"}],"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":"Written notice should be given as soon as possible and in any event preferably within 180 days of the death of the Life Assured.","display":"As soon as possible, preferably within 180 days of death","note":"The wording repeats the same preferred 180-day notice for deaths due to unnatural and natural causes.","quote":"Written notice as soon as possible and in any event preferably within 180 days of the death of the Life Assured, and the circumstances resulting to the death/ATPD/CI of the Life Assured. ... Written notice as soon as possible and in any event preferably within 180 days of the death of the Life Assured, and the circumstances resulting to the death of the Life Assured.","sources":[{"clause":"22(a)(i)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-a-i"},{"clause":"22(b)(i)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-b-i"}],"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":["The Claimant’s proof of entitlement to receive payment under the Policy","Original Policy Document","Original death certificate of the Life Assured issued by a competent authority","Claimant statement /claim intimation letter","Bank account proof of Nominee","Medical cause of death certificate from the doctor who last attended to the Life Assured, or from the hospital in which the death occurred","A copy of First Information Report (FIR) and Post Mortem Report (PMR)","Notarized Indemnity bond from the Claimant for waiver of title if there is no Nomination or in case of Nominee’s death","NOC by all class one legal heirs if there is no Nomination or in case of Nominee’s death"],"display":"Claimant proof, original policy document, original death certificate, claim statement/intimation letter, bank account proof, and for unnatural death medical cause certificate, FIR and PMR; indemnity bond and NOC where applicable","note":null,"quote":"The Claimant’s proof of entitlement to receive payment under the Policy. ... Original Policy Document. ... Original death certificate of the Life Assured issued by a competent authority.\nv) Claimant | statement | /claim\nintimation letter\nvi) Bank account proof of Nominee\nvii) Medical cause of death certificate from the doctor who last attended to the Life Assured, or from the hospital in which the death occurred.\nviii) A copy of First Information Report (FIR) and Post Mortem Report (PMR). ... Notarized Indemnity bond from the Claimant for waiver of title if there is no Nomination or in case of Nominee’s death ... NOC by all class one legal heirs if there is no Nomination or in case of Nominee’s death","sources":[{"clause":"22(a)(ii)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-a-ii"},{"clause":"22(a)(iii)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-a-iii"},{"clause":"22(a)(iv)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-a-iv"},{"clause":"22(b)(iv)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-22-b-iv"}],"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 policy lists claim documents but does not state a time limit for deciding or paying claims.","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":["death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later","There are no other exclusions in the Policy"],"display":"Suicide within twelve (12) months from commencement of risk or latest revival; no other exclusions","note":null,"quote":"In case of death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, then, the Claimant shall be entitled to receive the higher of 80% of the total premiums received till the date of death of the Life Assured or the Surrender Value, if any, available as on the date of death, provided the Policy is in-force and the Policy will be terminated. There are no other exclusions in the Policy.","sources":[{"clause":"12","heading":"Suicide Exclusions","page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-12"}],"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 at the nearest Customer Care Center or the Customer Care Desk. If not satisfied with the resolution or no response is received within fourteen (14) days, contact the Grievance Redressal Officer.","display":"Grievance Officer/Customer Care first; then Grievance Redressal Officer if unresolved or no response within 14 days","note":null,"quote":"In case You have any query or complaint/ grievance, You may contact the Grievance Officer of any nearest Customer Care Center at Branch Office of the Company. Alternatively, You may communicate with the Company:\nBy post at: Customer Care Desk, Bajaj Life Insurance Limited., Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006 By Phone at: 020-6712 1212 By Email: customercare@bajajlife.com 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","sources":[{"clause":"25","heading":"Grievance Redressal","page":20,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-25"}],"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":"Sum Assured is 11 times the Annualised Premium, and Sum Assured on Death is the Sum Assured as specified in the Schedule.","display":"Sum Assured is 11 times the Annualised Premium","note":null,"quote":"“Sum Assured” is 11 times the Annualised Premium, as specified in the Schedule. ggg. “Sum Assured on Death” is as specified in the Schedule under the Policy and is the Sum Assured","sources":[{"clause":"5(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-iii"}],"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":"Without Goal Protection Benefit, Product Options 1, 2 and 3 pay Sum Assured on Death plus Terminal Bonus, Accumulated Income Benefit and an additional 5% of Accumulated Income Benefit, subject to a Guaranteed Death Benefit floor. Product Option 4 pays Sum Assured on Death plus attached Simple Reversionary Bonus and Terminal Bonus, also subject to the Guaranteed Death Benefit floor; with Goal Protection Benefit, benefits continue over the remaining policy term and future premiums are not collected.","display":"Options 1-3: Sum Assured on Death + Terminal Bonus + AIB + additional 5% of AIB; Option 4: Sum Assured on Death + attached Simple Reversionary Bonus + Terminal Bonus; minimum Guaranteed Death Benefit","note":"Goal Protection Benefit changes the timing and continuation of benefits after death.","quote":"The Death Benefti payable is: (i)Sum Assured on Death plus (ii)Terminal Bonus, if any, plus (iii) Accumulated Income Benefti, if any, plus (iv) Additional 5% of the Accumulated Income Benefti, if any. ... At no time this Death Benefti minus AIB will be less than the Guaranteed Death Benefti. ... The Death Benefti payable is: (i)Sum Assured on Death plus (ii)Attached Simple Re-versionary Bonus, if any, plus (iii) Terminal Bonus, if any. ... The risk cover under the Policy will terminate immediately on the date of death, and the Policy will be continued [for the benefits mentioned in sub-sections (2) to (4) above], and no future Regular Premiums will be collected.","sources":[{"clause":"5(d)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-d-2"}],"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":"For Product Options 1, 2 and 3, maturity benefit is Sum Assured on Maturity plus Terminal Bonus, if any, plus AIB, if any. For Product Option 4, it is Sum Assured on Maturity plus Attached Simple Reversionary Bonus plus Terminal Bonus, if any.","display":"Options 1-3: Sum Assured on Maturity + Terminal Bonus + AIB; Option 4: Sum Assured on Maturity + Attached Simple Reversionary Bonus + Terminal Bonus","note":null,"quote":"If the Policy is in-force at the Maturity Date and the Life Assured is alive, the Maturity Benefti shall be: (i)Sum Assured on Maturity plus (ii) Terminal Bonus, if any, plus (iii)AIB, if any. ... If the Policy is in-force at the Maturity Date and the Life Assured is alive, the Maturity Benefti shall be: (i)Sum Assured on Maturity plus (ii) Attached Simple Reversionary Bonus plus (iii)Terminal Bonus, if any.","sources":[{"clause":"5(d)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-d-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"The sales brochure states a choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years.","display":"5, 6, 7, 8, 9, 10 and 12 years","note":"From the sales brochure.","quote":"Premium payment term: Choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-s1"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum age at maturity is upto age 85 years with GPB and upto age 100 years without GPB.","display":"With GPB: Upto Age 85 years; Without GPB: Upto age 100 years","note":"From the sales brochure.","quote":"With GPB: Upto Age 85 years Without GPB: Upto age 100 years","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-s1"}],"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":"If the Life Assured dies by suicide within twelve (12) months from commencement of risk or latest revival, whichever is later, the claimant receives the higher of 80% of total premiums received till death or the Surrender Value, if any, provided the policy is in-force, and the policy terminates.","display":"Within 12 months: higher of 80% of total premiums received or Surrender Value, if any","note":null,"quote":"In case of death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, then, the Claimant shall be entitled to receive the higher of 80% of the total premiums received till the date of death of the Life Assured or the Surrender Value, if any, available as on the date of death, provided the Policy is in-force and the Policy will be terminated.","sources":[{"clause":"12","heading":"Suicide Exclusions","page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-12"}],"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":"The policyholder may surrender after completion of the first (1st) Policy Year if at least one (1) full years’ Regular Premium has been paid. The surrender value is the higher of GSV or SSV; SSV is payable after the first policy year with one full year premium paid, while GSV is payable if two (2) full Regular Premiums have been paid.","display":"After first (1st) Policy Year with at least one (1) full years’ Regular Premium paid; higher of GSV or SSV","note":null,"quote":"The Policyholder will have the option to surrender the Policy after completion of first (1st) Policy Year provided at least one (1) full years’ Regular Premium has been paid. ... The Surrender Value payable will be the higher of the guaranteed surrender value (GSV) or the special surrender value (SSV). ... The SSV shall become payable after completion of first (1st) Policy Year provided at least one full Policy Year’s Regular Premium has been paid. ... The GSV will be payable provided two (2) full Regular Premiums have been paid.","sources":[{"clause":"8","heading":"Surrender Benefit","page":13,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-8"}],"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 at least one (1) full Policy Years’ Regular Premium has been paid and later premiums are not paid, the policy becomes paid-up at the end of the grace period. It is not eligible for future Cash Bonus or Simple Reversionary Bonus, but may be eligible for future Paid-up GI and Investment Return if there is AIB, with sum assured and benefits reduced in proportion to premiums paid.","display":"Paid-up after one (1) full Policy Years’ Regular Premium paid and subsequent non-payment; no future Cash Bonus or Simple Reversionary Bonus","note":null,"quote":"If at least one (1) full Policy Years’ Regular Premium has been paid under a Policy and subsequent Regular Premiums are not paid, then, the Policy will be, immediately and automatically, converted to a paid-up Policy at the expiry of the Grace Period. A paid-up Policy will not be eligible for any future Cash Bonus or Simple Reversionary Bonus. However, it will be eligible for future Paid-up GI, and Investment Return, if there is any AIB under the Policy. ... The Paid up Sum Assured, Paid up Sum Assured on Death, Paid up GI, and Paid up Sum Assured on Maturity are calculated by reducing the original Sum Assured, Sum Assured on Death, GI, and Sum Assured on Maturity to the extent of their respective proportions of the number of Regular premiums paid to that of the number of Regular Premium Payable.","sources":[{"clause":"6(b)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-6-b"},{"clause":"6(c)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-6-c"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed or paid-up policy can be revived within the Revival Period, which is five (5) consecutive years from the date of first unpaid Regular Premium, subject to payment of arrears with interest, evidence of health and continuity of insurability, and company acceptance.","display":"Within five (5) consecutive years from the date of first unpaid Regular Premium","note":"Current revival interest stated in the policy is 9% p.a. compounded half-yearly.","quote":"“Revival Period” means the period of five (5) consecutive years from the date of first unpaid Regular Premium, during which the Policyholder is entitled to revive the Policy which was discontinued due to non-payment of Regular Premium. ... The arrears of Regular Premiums together with interest, at such rate as the Company may decide from time to time along with applicable taxes are paid. The current applicable interest rate# on revival of the Policy is 9% p.a. compounded half- yearly; ... The Policyholder furnishes, at his own expense, satisfactory evidence of health of the Life Assured and continuity of insurability;","sources":[{"clause":"5(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-iii"},{"clause":"7","heading":"Revival","page":13,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-7"}],"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 available once the policy has acquired surrender value. The maximum loan is 80% of the surrender value less terminal bonus on surrender and AIB, plus 50% of terminal bonus on surrender, if any; current loan interest is 9% p.a. compounding half-yearly.","display":"Available after Surrender Value; maximum 80% of [Surrender Value less TB on surrender less AIB] + 50% of TB","note":null,"quote":"The Policyholder can take loan under the Policy, provided the Policy has acquired Surrender Value. ... The maximum amount of loan will be equal to 80% of the [Surrender Value less TB on surrender (if any) less any AIB] + 50% of TB on surrender (if any). ... The current loan interest rate is 9% p.a. compounding half-yearly.","sources":[{"clause":"11(a)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-11-a"},{"clause":"11(b)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-11-b"},{"clause":"11(c)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-11-c"}],"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":["Bajaj Accidental Death Benefit Rider","Bajaj Accidental Permanent Total/Partial Disability Benefit Rider","Bajaj Life Family Protect Rider","Bajaj Life New Waiver of Premium Rider","Bajaj Life New Critical Illness Benefit Rider","Bajaj Life Care Plus Rider Non-Linked"],"display":"Accidental Death Benefit; Accidental Permanent Total/Partial Disability; Family Protect; Waiver of Premium; Critical Illness; Care Plus Rider Non-Linked","note":"From the sales brochure; riders are optional additional rider benefits at extra cost.","quote":"The riders available with all variants under Bajaj Life ACE are:\n1. Bajaj Accidental Death Benefit Rider | (UIN: 116B034V02) ... 2 Bajaj Accidental Permanent Total/Partial Disability Benefit Rider (UIN: 116B036V02) ... 3. Bajaj Life Family Protect Rider | (UIN: 116B056V01)\n4. Bajaj Life New Waiver of Premium Rider | (UIN: 116B061V01)\n5. Bajaj Life New Critical Illness Benefit Rider | (UIN: 116B058V01)\n6. Bajaj Life Care Plus Rider Non-Linked | (UIN: 116B062V01)","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-s1"},{"clause":"2","heading":"Bajaj Accidental Permanent Total/Partial Disability Benefit Rider (UIN: 116B036V02)","page":18,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-2"}],"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":"No life insurance policy can be called in question on any ground after expiry of three (3) years from the later of policy commencement, commencement of risk, latest revival, or rider commencement. Within three (3) years, it may be questioned for fraud or material misstatement as stated, with written communication of the grounds and materials; for non-fraud misstatement, premiums collected are paid within 90 days from repudiation.","display":"No questioning after three (3) years; fraud or material misstatement can be considered 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 ... In case repudiation is on ground of mis-statement and not on fraud, the premium(s) collected on Policy till the date of repudiation shall be paid to the Policyholder or legal representative or Nominee or assignees of Policyholder, within a period of 90 days from the date of repudiation.","sources":[{"clause":"1","heading":null,"page":26,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-1-4"},{"clause":"2","heading":null,"page":26,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-2-4"},{"clause":"6","heading":null,"page":26,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-6-4"},{"clause":"7","heading":null,"page":26,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-7-4"}],"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":"quote-verified","value":"The company gives no warranty or assurance that buying the policy makes the policyholder eligible for any income tax or other tax rebate or relief, and advises the policyholder to seek independent opinion.","display":"No warranty or assurance of income tax or other tax rebate or relief","note":null,"quote":"Bajaj Life Insurance Limited does not provide any warranty or assurance that the Policyholder will be, by virtue of purchasing this Policy, eligible for any income tax or other tax rebate or relief. Policyholder is advised to seek independent opinion for income or other tax rebate or relief.","sources":[{"clause":"5","heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5"}],"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":"Not available if tenure of the Policy is less than a year.","quote":"Policyholder shall be provided a Free Look Period of 30 days beginning from the date of receipt of Policy document, whether received electronically or otherwise, to review the terms and conditions of such Policy, except if tenure of the Policy is less than a year.","sources":[{"clause":"5(b)(iv)","heading":"Interim Bonus","page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-b-iv"}],"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":30},"display":"30 days for other than monthly; 15 days for monthly","note":"Monthly Premium Payment Frequency has fifteen (15) days; other premium payment frequencies have thirty (30) days.","quote":"“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency without any penalty or late fee, from the due date of the Regular Premium payment.","sources":[{"clause":"5(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-iii"}],"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":"quote-verified","value":"Entry age is 18 to 55 years with GPB and 0 to 60 years without GPB.","display":"With GPB: 18 to 55 years; Without GPB: 0 to 60 years","note":"From the sales brochure. All ages are age last birthday.","quote":"With GPB: 18 to 55 years Without GPB: 0 to 60 years","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-s1"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["yearly","half yearly","quarterly","monthly"],"display":"yearly, half yearly, quarterly and monthly","note":"From the sales brochure. Quarterly and monthly modes are allowed only under auto-debit process.","quote":"The Premium payment modes available are yearly, half yearly, quarterly and monthly. ... The quarterly and monthly mode will be allowed only under auto-debit process (as per the approved RBI facilities).","sources":[{"clause":"2","heading":"Bajaj Accidental Permanent Total/Partial Disability Benefit Rider (UIN: 116B036V02)","page":18,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468#c-2"}],"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":"quote-verified","value":["Regular Premium payment"],"display":"Regular Premium payment","note":null,"quote":"This Policy is a non-linked, participating, life, individual, Regular Premium payment, income or savings plan. ... “Premium Paying Term (PPT)” means the period specified in the Schedule during which the Regular Premium is payable. ... The terminology is applicable even in a Policy where the Premium Paying Term is less than the Policy Term.","sources":[{"clause":"5(a)","heading":"This Policy","page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-a"},{"clause":"5(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033#c-5-iii"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Bajaj Allianz Life ACE Policy Documents","pages":12,"fetched_at":"2026-10-17 19:41:18+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/ace-policydoc-116N186V01.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3909"},{"kind":"wording","label":"Policy Document","pages":26,"fetched_at":"2026-10-17 19:43:27+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/savings-plans/ace-policydoc.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/4033"},{"kind":"brochure","label":"Prospectus / Brochure","pages":25,"fetched_at":"2026-10-17 19:33:21+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/savings-plans/ace-brochure.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04/document/3468"}],"versions":[{"uin":"116N186V01","version":null,"approved_on":null},{"uin":"116N186V04","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 ACE (UIN 116N186V04), IndiaInsurances, https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-ace-116n186v04"}