Flexibilities

a) Additional Rider Benefits
You can enjoy extra coverage by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz iSecure Insurance Plan are:

• Bajaj Allianz Comprehensive Accidental Protection Benefit*
• Bajaj Allianz Critical Illness Benefit**
• Bajaj Allianz Hospital Cash Benefit**

(Please refer to Additional Rider Benefit brochures for more details)

* The Bajaj Allianz Comprehensive Accidental Protection (CAP) rider includes the accidental death benefit, accidental permanent total/partial disability benefit and waiver of premium benefit.

**Hospital Cash Benefit and Critical Illness Benefit riders can be taken only at inception of the policy.

b) Option to Take an Individual or a Joint Life Policy

• If you are married at policy inception, then your spouse can be included only at the inception of the policy.
• If you were not married at policy inception, you may include your spouse after your marriage in your existing individual policy. Such inclusion can happen at any policy anniversary subject to:
• all the necessary procedures with respect to the inclusion being completed prior to the policy anniversary.
• the policy term post inclusion of your spouse (i) has to be equal to the outstanding term of your policy and (ii) subject to such policy term being available under the plan, and satisfactory evidence of insurability, being submitted as specified by the company.
• In a joint life policy, on annulment of marriage, the spouse will be excluded from the policy. However, you can continue the policy on your life by informing the company and paying premiums with respect to your life; this will be calculated based on the age, lifestyle category (if applicable), sum assured and policy term as at the inception of the policy. Once excluded, the second life cannot be included in the policy again. If the annulment is not informed to the Company, on the death of the second life, only the sum total of the premiums paid from the date of separation (over and above the premium required for your individual policy), will be refunded. But the policy may be continued on your life.

c) Alteration of Premium Payment Frequency
You can change the premium payment frequency at any policy anniversary during the term of the policy, subject to the minimum premium limits under the plan.

d) Option to Take Death Benefit in Annual Installments
Your loved ones may not be in a position to determine the best suitable financial plan or to invest the policy proceeds to support their lifestyle, in case of your unfortunate demise. We offer your nominee (both under the individual and joint life option) the option to receive the policy proceeds in annual installments over a settlement period of 10 years from the date of death This option needs to be informed in writing to the company at the time of filling the "Death Claim Form."

The annual installment will be an amount equivalent to (100% + x%) of sum assured divided by 10 years. The x% will be decided by the company at the time of admitting the death claim and will remain the constant throughout the settlement period.