Bajaj Allianz Life LongLife Goal Plan

A post-retirement income needs proper planning so that you can easily sustain your current lifestyle after retirement. Bajaj Allianz has come up with an innovative retirement solution in the Bajaj Allianz Life LongLife Goal plan.

Read more
Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)^
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds
In-built life cover
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

It is an ideal investment choice that provides good returns along with a secure life cover. This plan is an individual, whole life, non-participating, Unit Linked endowment plan.  It helps to build up your retirement income by investing in long-term market-linked investments. This plan is an ideal solution for a comfortable and safe retirement life. Bajaj Allianz Life LongLife Goal reviews have been positive and mention key features like good returns, loyalty additions, and periodic Return of Mortality Charges that help you meet your retirement goals. 

Bajaj Allianz Life LongLife Goal Plan Details:

Parameters  Details 
Policy Tenure Whole Life Cover up to age 99
Premium Paying Term 10-25 years
Premium Paying Mode Monthly, Quarterly, Semiannually, and Annually 
Entry Age For Waiver of Premium: 0-65 years Without Waiver of Premium: 18 years-no limit
Maturity Age 99 years 
Grace Period 15 days for Monthly Premium, 30 Days otherwise
Sum Assured 10 times Annualized Premium 
Liquidity Available post the 5 year lock-in period as Surrender Benefit

Benefits of the Bajaj Allianz Life LongLife Goal Policy

The following are the core benefits offered by LongLife Goal Plan by Bajaj Allianz Life:

  1. 4 Investment Portfolios

    The policyholder gets an option to choose from 4 investment strategies -Investor Selectable Portfolio, Wheel of Life Portfolio II, Trigger Based Portfolio, and Auto Transfer Portfolio.

  2. 8 Fund Options

    The user can use any investment strategies to invest among eight available mid-cap, large-cap, and ethical funds that offer a steady rate of returns.

  3. 2 Plan Variants

    This plan comes in two variants:

    • LongLife Goal with a waiver of premium 
    • LongLife Goal without waiver of premium 
  4. Waiver of Premium

    This is available under the LongLife Goal plan with Waiver of Premium variant. Here, in case of the policyholder’s death or his permanent total disablement within the policy tenure, there is a waiver of all future premiums. The policy continues with all the previous benefits. 

  5. Whole Life Cover

    This policy provides whole life coverage for the policyholder until the age of 99.

  6. Retirement Income

    The policyholder can opt for systematic fund withdrawal post 55 years of age or upon completion of 10 years of the policy, whichever is later. Any amount between 0-12% of the fund can be withdrawn annually. 

  7. Return Enhancer

    The policyholder can start a regular income schedule after 55 years of age, based on his chosen options. Each withdrawal instalment is increased by an extra 0.5% over the desired percentage as an additional benefit. 

  8. Return of Life Cover Charges

    In case of Long-life Goal with a waiver of premium option, the total amount of premium waiver charges deducted are added back regularly to the value of the fund.

  9. Loyalty Addition

    The plan gives a 2-7% of one annualized premium as loyalty additions to the fund value every year. This starts from the 5th policy year till 25 years of the policy. The maximum limit is 102% over 20 years.

  10. Partial Withdrawal Option

    This option is allowed after completing 5 policy years. The minimum amount is Rs 5,000, and it is subject to limitations of the fund value post withdrawal.

  11. Tax Benefits

    The policy gives tax benefits on premium payments, partial withdrawal, Death benefits, Maturity benefits, and retirement income.

*Tax benefits are as per prevailing laws of the land  

People also read: Bajaj Small Cap fund

The premium for Bajaj Allianz Life LongLife Goal

The Bajaj Allianz Life LongLife Goal premium amount will be based on the type of investment portfolio strategy for the fund chosen by the policyholder. Bajaj Allianz Life LongLife Goal calculator online can help you with the various premium amounts.

Frequency Minimum Premium Maximum Premium
Monthly 2,500 No such limit ; As per maximum Sum Assured and approved underwriting policies
Quarterly 6,250
Semiannually 12,500
Annually 25,000

You can opt to reduce the existing premium under the policy after the first five years at an additional charge. This reduction will be up to a maximum of 50% of the initial premium.

Additional Riders for Bajaj Allianz Life LongLife Goal Policy

This policy has a Waiver of Premium or WOP rider as an additional benefit. With this rider in force, in case of any future permanent total disability of the policyholder within the plan tenure, there is a waiver of all future premiums.

Eligibility for Bajaj Allianz Life LongLife Goal

For Plan Variant with Waiver of Premium:

Life assured-0-65 years

Policyholder-18-65 years

For Plan Variant without Waiver of Premium: 

18 years and above 

There is no maximum age limit

What are the Documents Required to Buy this Policy?

Here is the list of documents required to buy Bajaj Allianz Life LongLife Goal Plan:

  • Identity Proof- Passport/Voter ID/ Driving License
  • Address Proof- Passport/ AADHAAR Card/ Driving License/ Voter ID/Utility Bills
  • Age Proof- Passport/ DOB Certificate
  • Recent photograph

How to Buy this Plan Online?

  • For online Bajaj Allianz Life Longlife Goal, you can visit the insurer’s website at www.bajajallianzlife.com and fill in the details
  • Alternatively, you can visit longlifegoal
  • You need to fill in your details like DOB and email id
  • Select the plan variant, rider, the sum assured, and investment information
  • Choose the premium amount
  • Opt for a portfolio strategy as per your life goals
  • Choose among the 8 fund options if you are opting for Investor selectable Portfolio Strategy
  • After all, selections are made; choose from the multiple payment options online to make the premium payment
  • Your policy document will be emailed to you
  • You can also check the Bajaj Allianz Life LongLife Goal Policy status online

Exclusions of Bajaj Allianz Life LongLife Goal Policy

  • Once a policyholder opts for a reduction of premiums under the policy after 5 years of policy completion, the same cannot be increased
  • No systematic withdrawal of the funds is allowed if the policyholder is below 55 years or the policy has not completed 10 years

FAQ's

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Insurers Offering ULIPs

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Benefits of Buying Online ULIP Over Offline ULIP

21 Jun 2024

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Plan Riders

17 Jan 2024

ULIP or Unit Linked Insurance Plans provide rider benefits. They
Read more
ULIP Calculator
  • 08 Oct 2018
  • 121778
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 88477
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 15042
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
  • 06 Dec 2023
  • 1872
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 5931
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL