Bajaj Allianz Life My Wealth Goal is insurance cum investment plan. The policy combines two plans such as a whole life plan, namely Bajaj Allianz Lifelong Assure, and an insurance plan, namely Bajaj Allianz Life Future Wealth Gain. The policyholders can choose different premium terms and premium modes. The policyholders can avail of cash bonuses and guaranteed cashback to meet their future financial obligations and get income benefits.
The available investment option helps to increase wealth based on the risk factor chosen and money invested. Thus, the policy helps individuals who can take necessary investment initiatives to get optimum benefits from the policy and increase their wealth to secure financial obligations.
|Tenure||100 years less the entry age|
|Premium Payment Terms||
|Premium Payment Mode||Monthly, Quarterly, Half-Yearly, Yearly|
|Entry Age||Minimum: 10 years Maximum: 55 years|
|Maturity Age||100 years|
|Grace Period||Not Available|
|Sum Assured||As per age, gender, policy term, premium payment term, annualized premiums|
|Liquidity||The policyholders can invest in funds as applicable.|
The core benefits of Bajaj Allianz Life My Wealth Goal are as follows:
The policyholders can opt for two plans, such as Bajaj Allianz Life Future Wealth Gain and Bajaj Allianz Lifelong Assure. They can also choose from the different premium modes, premium terms, assured sums, and other policy aspects.
Bajaj Allianz Life My Wealth Goal Policy offers the facility to invest in various market-linked funds to generate higher returns from the premiums paid.
The policy covers individuals' financial security by offering guaranteed cashback at 3% of the yearly-assured sum after completing the policy term until 99 years of age. The policyholders become eligible to receive a cash bonus after the 6th policy years.
The policyholders will be able to invest in two types of funds. There are Wheel of Life Portfolio Strategy and Selectable Portfolio Strategy, depending on individuals' risk averseness and investment ability.
The policyholders will get the maturity benefit at the end of Bajaj Allianz Life My Wealth Goal premium payment term and policy term as a percentage of policy returns as applicable.
The policyholders will get the death benefit as a sum of an applicable accrued cash bonus and guaranteed cashback, provided all the premiums are paid.
Bajaj Allianz Life My Wealth Goal Policy offers tax benefits as per Section 80(C) and maturity and death benefits as per Section 10(10D) of Income Tax Act 1961.
*Tax benefit is subject to changes in tax laws
The policyholders are required to pay premiums applicable to both the plans included.
The policy does not have a specific maximum premium payment limit. It is decided based on company discretion.
Individuals can use Bajaj Allianz Life My Wealth Goal calculator available online to calculate the premium amount based on policy options chosen.
The interested individuals must consider the following eligibility criteria while purchasing Bajaj Allianz Life My Wealth Goal Policy.
The policy applicants are required to submit the documents like Identity and Address proofs and income proofs, along with recent photographs, to buy Bajaj Allianz Life My Wealth Goal. These include PAN card, Voter's card, AADHAR card, Driving License, Passport, income statements, etc.
The insurance cum investment plan is an offline policy. If the interested individuals want to buy Bajaj Allianz Life My Wealth Goal, they must follow the steps mentioned below.
Step 1: The individuals are required to visit the official website of Policybazaar. And, fill the lead form.
Step 2: They need to choose the Bajaj Allianz Life My Wealth Goal premium amount, terms, and assured sums as per the discussion with the advisor and then fill up the application form.
Step 3: They can submit all the necessary KYC documents.
Step 4: They can complete the purchase for the Bajaj Allianz Life My Wealth Goal Policy by making the cheque payment for the premium amount.
The interested individuals should read Bajaj Allianz Life My Wealth Goal Reviews online before making the purchase decision. Once the policy is purchased, the policyholders can check Bajaj Allianz Life My Wealth Goal status through the financial advisors only.