Bajaj Allianz Life Capital Goal Suraksha
Bajaj Allianz Life Capital Goal Suraksha
One of the popular instruments of investment is the Unit Linked Insurance Plan which allows an investor to invest in bonds and equities. Bajaj Allianz Life Capital Goal Suraksha is also a Unit Linked Insurance Plan (ULIP), introduced in the year 2018 by Bajaj Allianz Life Insurance Co Ltd (BALIC). Similar to traditional market-linked products, Bajaj Allianz Life Capital Goal Suraksha is also subject to risks associated with the capital markets, however, would give the investor an opportunity to earn good profits through the premiums which get invested in different market instruments like debt and equity. It comes with an insurance cover and also includes the dual benefits of security and savings. Bajaj Allianz Life Capital Goal Suraksha Reviews also have confirmed the same.
Bajaj Allianz Life Capital Goal Suraksha Plan Details:
10 years and 15 years
Premium Paying Term
Policy Term 10 years: 7 years
Policy Term 15 years:10 years
Premium Paying Mode
Annually, Half Yearly, Quarterly* or Monthly*
*Only under Auto-debit, as per RBI guidelines
18 -55 years, as per last birthday
28 -65 years
30 days; 15 days for Monthly mode
Minimum – Rs. 30,000
Maximum – Rs. 10,00,000
Loans are available under the plan.
Benefits of Bajaj Allianz Life Capital Goal Suraksha
Bajaj Allianz Life Capital Goal Suraksha comes packed with an array of core benefits. They are as follows:
Although Bajaj Allianz Life Capital Goal Suraksha is not like any traditional life insurance plan, there is still a survival or maturity benefit linked with this product. The maturity benefit of Bajaj Allianz Life Capital Goal Suraksha will secure the investor and his / her family against all probability with a guaranteed sum assured on maturity as a lump sum.
In case of the insured's unfortunate death during the fixed term, the beneficiary or Nominee shall receive the Death Benefit. The death benefit of Bajaj Allianz Life Capital Goal Suraksha will be calculated as per the plan details.
The investment in different fund options provides the policyholder to get better returns over some time. The Guaranteed benefits are based on the policy terms, premium payment term and other variable factors as per the plan.
The benefits received through the Bajaj Allianz Life Capital Goal Suraksha would apply to the premiums paid and benefits received as per the prevailing Income tax laws.
* Tax benefits are subject to change
The premium for Bajaj Allianz Life Capital Goal Suraksha
The Bajaj Allianz Life Capital Goal Suraksha premium can be either paid as a single payment option or a limited pay option. The premium can be either paid Monthly, Quarterly, Semiannually or Annual modes. Please note that the Quarterly and Monthly modes of payment will only be allowed under the auto-debit process (as per approved RBI guidelines)
Premium amounts are based on the Sum Assured, policy term, and Premium Payment term, and other plan conditions.
People looking to invest in Bajaj Allianz Life Capital Goal Suraksha can use the Bajaj Allianz Life Capital Goal Suraksha calculator available online to get a rough approximation on the premium to be paid.
Additional Riders for Bajaj Allianz Life Capital Goal Suraksha
Bajaj Allianz Life Capital Goal Suraksha Policy Rider information is currently not available.
Eligibility for Bajaj Allianz Life Capital Goal Suraksha
Here is a rundown to the eligibility criteria for Bajaj Allianz Life Capital Goal Suraksha:
- Minimum Entry Age: 18 years as per last birthday
- Maximum Entry Age: Max - 55 years
What are the Documents required to buy Bajaj Allianz Capital Goal Suraksha?
To buy Bajaj Allianz Capital Goal Suraksha policy, the following is the list of documents one would need:
- Proof of Identity, such as Aadhaar card, Passport, Voter's ID, Driving license, PAN card
- Proof of Age, such as Birth certificate, 10th or 12th mark sheet, Passport, Aadhaar card, Voter's ID, Driving license and PAN card.
- Proof of Address, such as Electricity bill, Telephone bill, Ration card, Passport, AADHAAR card, Driving license, Voter's ID
- Passport size photos
How to buy Bajaj Allianz Life Capital Goal Suraksha online?
In these digital times, one can buy online Bajaj Allianz Life Capital Goal Suraksha extremely conveniently from the comfort of one's home, office or place of vacation in a matter of a few clicks. Please visit the official insurance company's website of Bajaj Allianz Life Insurance or www.bajajallianzlife.com, to login and select the Unit Linked Insurance Plan. Once logged in, one will be directed to a different page group for entering the registered mobile number, email ID, user ID, and password; choose any applicable riders, and pay the respective Bajaj Allianz Life Capital Goal Suraksha premium.
You can contact a Bajaj Allianz Life Advisor for more information.
Exclusions of Bajaj Allianz Capital Goal Suraksha
Bajaj Allianz Life Capital Goal Suraksha not available.
Ans: Bajaj Allianz Life Capital Goal Suraksha Policy status can be checked by logging onto the Bajaj Allianz's official website to access the customer services portal.
Ans: The policyholder should visit the nearest branch of Bajaj Allianz and kindly carry all the necessary documents, service request form and standard ID proof of the Nominee and the proposer. Once the requested nominee changes are completed, the insurer will then send a confirmation to the policyholder through courier or email.
Ans: This policy can be terminated by paying the surrender or discontinuance value, set by the company. At the time of termination, the Policyholder should submit the policy surrender form, original policy bond, self-attested copy of the policy holder's ID proof and any cancelled cheque, attested bank statement and bank attested passbook copy.
Ans: People purchasing the plan directly from the company are provided with a 15 days free look period, starting from the date the policy document is received.
Ans: Yes. The policyholders of Bajaj Allianz Life Capital Goal Suraksha can change the sum assured later on. Consequently, the premium will go up as it will be re-calculated based on rising age or higher sum assured as the case may be.
Ans: Yes, it is possible to apply for a duplicate policy document for this plan by submitting a duly signed requisition letter or an application form and cheque (for the re-printing charges) in the nearest Branch of Bajaj Allianz.
Ans: There is no surrender benefit linked with this Bajaj Allianz Life Capital Goal Suraksha Plan.
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