Bajaj Allianz Life Capital Goal Suraksha

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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:

Parameters

Details

Policy Tenure

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

Entry Age

18 -55 years, as per last birthday

Maturity Age

28 -65 years

Grace Period

30 days; 15 days for Monthly mode

Sum Assured

Minimum – Rs. 30,000

Maximum – Rs. 10,00,000

Liquidity

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:

Maturity Benefit

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.

Death Benefit

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.

Better Returns

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.

Tax Benefits

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.

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Written By: PolicyBazaar - Updated: 06 January 2021