Bajaj Allianz Life Smart Protect Goal

Term Insurance plans provide financial coverage in lieu of the premiums paid on the unfortunate demise of the person insured. One such plan that offers comprehensive coverage is the. This plan offers a competitive premium and an all-encompassing life cover Bajaj Allianz Life Smart Protect Goal policy. Further, there is an option to get the entire premium back on the maturity of the policy. It also covers financial losses suffered by the person insured due to critical illness.

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Get ₹1 Cr. Life Cover at just ₹411/month*
No medical
checkup required
Save more with
upto 10% discount**
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount**
Covers COVID-19
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Hence as per the Bajaj Allianz Life Smart Protect Goal reviews, this is a complete term insurance plan with new-age features.

Parameters

Details

Policy Tenure

Without Return of Premium option (ROP) on maturity:-

Limited Pay plans: 6 years to (85 – Entry Age) years

Regular Premium: 5 years to (85 – Entry Age) years

Single pay plans: 5 to 40 years

With ROP

Limited pay plans: 10 years to (75 – Entry Age) years

Regular Premium: 10 years to (85 – Entry Age) years

Single pay plans: 10 to 40 years

With Whole life

Limited Pay: (99 years – Entry Age) years

Premium Paying Term

Without Return of Premium option (ROP) on maturity:-

Limited Pay plans: 5 years to 30 years

Regular Premium: 5 years to 67 years

Single pay plans: Single premium

With ROP

Limited pay plans: 5 years to 30 years

Regular Premium: 10 years to 57 years

Single pay plans: Single premium

With Whole life

Limited Pay: 5 to 30 years

Premium Paying Mode

Monthly, Semi-annually and Annually

Entry Age

18 years to 65 years

Maturity Age

With ROP option – 75 years

Without ROP option – 85 years

Whole Life option – 99 years

Grace Period

30 Days (15 Days for monthly)

Sum Assured

50 Lakh to No limit

For riders

5 Lakh to 1 Crore under CIB (Critical Illness Benefit) option

5 Lakh to 2 Crore under ADB (Accidental Death Benefit)/ATPDB (Accidental Total Permanent Disability Benefit)

Liquidity

Loans are not available

Benefits of Bajaj Allianz Life Smart Protect Goal Policy

The core benefits of Bajaj Allianz Life Smart Protect Goal Policy are briefly described below:

  • Bajaj Allianz Life Smart Protect Goal Plan provides the benefits of a term insurance plan and has various riders that can be tailored according to the needs of the policyholder
  • This plan has a Return of Premium option under which the policyholder is liable to get the entire premium paid on their survival
  • The plan provides a whole life coverage option of up to a maximum of 99 years after paying for a fixed term. The return of Premium is not offered under this plan
  • Bajaj Allianz Life Smart Protect Goal Policy also covers various major and minor critical illnesses on opting for Critical Illness Cover
  • The policyholder is liable for tax benefits* on the premiums paid under Section 80C of Income Tax Act, 1961. Further, tax benefits as per 80D of the Income Tax Act are available if one opts for Critical Illness Cover

* Tax benefit is subject to changes in tax laws

The Premiums for Bajaj Allianz Life Smart Protect Goal Plan

The Bajaj Allianz Life Smart Protect Goal premium is divided into three options as mentioned below:

  • Single Pay Option (SP) – One-time premium paying option
  • Limited Pay Option (LP) – Paying all the premiums in a specific period which less than the policy tenure
  • Regular Pay Option (RP) – Paying all the premiums in a period which is equal to policy tenure

For the Single Pay Option, the minimum single premium is *Rs 50 Lakhs, while there is no limit for the maximum amount.

For the Limited Pay and Regular Pay option, the minimum premium amount is equal to:

  • *Rs 3483/- annually for the policy term of 10 years
  • *Rs 4368/- annually for the policy term of 60 years

*Standard T&C Apply

Applicants can use the Bajaj Allianz Life Smart Protect Goal Calculator to check for a different sum assured and corresponding premium amount according to their needs.

Additional Riders for Bajaj Allianz Life Smart Protect Goal Plan

There are various riders available for policyholders to customize their policy. They are:

  • Accidental Death Benefit
  • Accidental Total Permanent Disability Benefit
  • Waiver of Premium Benefit
  • Critical Illness Cover

These riders provide financial coverage against accidental death, disability due to accidents, and up to 55 critical illnesses.

Eligibility for Bajaj Allianz Life Smart Protect Goal Policy

Entry Age:

  • Minimum Entry Age - 18 years
  • Maximum Entry Age – 65 years

Maturity Age:

  • With Return of Premium Option – 75 years
  • Without Return of Premium Option – 85 years
  • Whole Life Option – 99 years

What are the Documents required to buy this Policy?

The documents required to buy this policy are:

  • ID Proof like Aadhaar Card, Voter Card, Ration Card, etc.
  • Age Proof like Aadhaar Card, Birth Certificate, PAN Card, etc.
  • Recent Photograph
  • Income Proof, like Form 16

How to buy this Plan Online?

To buy Bajaj Allianz Life Smart Protect Goal, one needs to follow the below-mentioned steps:

Step 1: Go to the policy provider website.

Step 2: Search for Bajaj Allianz Life Smart Protect Goal Policy and check the various eligibility conditions, etc.

Step 3: Click on the ‘Buy Now’ option.

Step 4: Enter personal details like name, date of birth, pin code, educational qualification, income, and other contact details.

Step 5: Select whether the person is a smoker or not, and their gender.

Step 6: Once done, choose the premium paying term and calculate the premium.

Step 7: Click on the pay premium.

Step 8: Choose any of the online payment options to pay the premium.

The policy documents will be mailed to the registered email address.

Exclusions of Bajaj Allianz Life Smart Protect Goal Plan

If a policyholder commits suicide within one year from the date of commencement of or revival of the policy, then the nominee will be eligible to get 80% of the total premiums paid.  Also, no accidental death or disability benefit will be paid if:

  • Death occurs due to criminal activity
  • Alcohol or drug abuse
  • Suicide
  • Involvement in armed forces operations
  • Death due to war, invasion or riots
  • Nuclear or radioactive accidents

Bajaj Allianz Term Insurance Plans - FAQs

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Bajaj Allianz Life Smart Protect Goal Reviews & Ratings

0 / 5 (Based on 31 Reviews)
(Showing Newest 25 reviews)
Omkar
Chennai , October 26, 2021
Great features
I have got day care hospitalization feature under the mediclaim policy which i have purchased from the policybazaar. It offered me lifelong renewability Cover. It includes tax exemption benefits, cashless hospitalization and many other facilities. overall i like my plan.
Angoor
Kolkata , October 26, 2021
Trustworthy website
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Kush
Surat, October 26, 2021
Helpful staff
I rarely trust the online purchasing because of the possibility of fraud but Policybazaar has built my trust up. I went through the online process when I was taking care health insurance from here and i found this website trustworthy.
Ranveer
Pune, October 26, 2021
Low cost plan
Such a simple and easy process to buy a policy was provided to me by Policybazaar. Someone suggested me to check the health plans on Policybazaar website. i went through a lot of plans and i found the right plan here. i bought star health insurance at low cost.
Kushal
Jaipur, October 26, 2021
Good Coverage
I have bought Bajaj Allianz Health Insurance for my family and by taking a health plan, I have secured my entire family. I have got coverage against medical expenses and buying my policy online has saved my money as I did not have to pay agent fees.
Jitendra
Lucknow, October 26, 2021
Affordable plan
A friend of mine told me about Policybazaar. He said that he has found an affordable health plan deal in Policybazaar. I went to Policybazaar to buy the same plan. I wanted a family health plan so I took Aditya Birla health insurance and it has covered every member of my family.
Rajesh
Kanpur, October 26, 2021
Easy to compare
Last week i went to Policybazaar for taking health plan for my family. An executive explained the policy very well and showed me various plans out of which i chose digit health insurance and it has covered me and my wife.
Kuvar
Nagpur, October 26, 2021
Good plan
I was able to compare the various plans easily on the website of Policybazaar. At first, i was confused about what i should choose as so many options were given there but then i bought sbi general health insurance for my parents. I got really good senior citizen health plan.
Abhijeet
Allahabad, October 26, 2021
Hassle free experience
I had an amazing and hassle free experience with policybazaar. Everything has beem very smooth when i was purchasing health insurance from policybazaar. Their team assisted me in well mannered way.
Bhaskar
Ranchi, October 26, 2021
Problem resolving
I contacted the customer care of policybazaar as i was facing some difficulty. They just took a minute to solve my problem. I am happy that i have bought my health insurance from the right place. Policybazaar always give proper attention to its customers.
Debyendu
Haora, October 26, 2021
Supportive team
When I was buying my health insurance from the website of Policybazaar, I was a little confused about the policy. I got in touch with the customer care and the executive guided me very well and cleared all my doubts with satisfactory answers. Thanks to Policybazaar for guiding me.
Gaurav
Coimbatore, October 26, 2021
Smooth service
In my health insurance, company is providing me financial assistance. i have got medical coverage against medical expenses arising out of health emergency which i have taken from the Policybazaar. service of policybazaar is very smooth and fast.
Angad
Jabalpur, October 26, 2021
Good service
I have bought health insurance through the website of policybazaar. Policybazaar gave me full support and when i contacted the customer care of policybazaar for clearing some of my queries they provided me very good service. Thanks to the Policybazaar for Giving me superb service.
Aniruddh
Gwalior, October 26, 2021
Cashless treatment
I have got cashless treatment facility in my health insurance. This will help me to save my savings as I will not have to bear the financial burden of medical expenses. Anyone who is looking for the best and an affordable health plan I would love to recommend Policybazaar to them.
Onkar
Vijayawada, October 26, 2021
Easy Reimbursement
My experience with Policybazaar has been great. I had taken senior citizen health insurance for my mother from Policybazaar. Last month, she was admitted to the hospital due to a medical emergency. When she got discharged I connected with Policybazaar for reimbursement of hospital bills and I got it immediately
Paramjit
Jodhpur, October 26, 2021
No claim bonus
Policybazaar is totally worthy place to buy any kind of plan. I have been using senior citizen health insurance for a long time which i had take for my parents. I never raised the claim request so i got discount on the premium rate when i was renewing the plan.
Kartik
Madurai, October 26, 2021
Add on cover
I am using senior citizen health insurance since last year which i had taken from the policybazaar and recently i have customized my health plan with add on cover and added some additional features to it which i got at an affordable rate.
Karun
Raipur, October 26, 2021
Low premium
I have taken senior citizen health insurance for my parents. It has Coverage against medical expenses. Pre hospitalization, post hospitalization expenses features are covered under the plan. It has low premium rate and covered huge number of benefits.
Swapan
Kota, October 26, 2021
Easy Reimbursement
I got reimbursement in hospital bills. I bought senior citizen health insurance for my mother from Policybazaar and a month back she faced some medical problems. I connected with policybazaar for reimbursement and i got it without any hassle.
Tarun
Guwahati, October 26, 2021
Pocket friendly plan
I was looking for senior citizen health insurance for a long time which I wanted to take for my father. A relative of mine suggested me the Policybazaar website. I landed to their website and checked the health plans. In the end I finally found one that came within my budget.
Tejas
Chandigarh, October 26, 2021
Affordable plan
I was looking for family health insurance for a long time. I searched a lot on Google and finally found the website of policybazaar. Here i got family health insurance according to my budget and needs. I really liked the service provided by the Policybazaar.
Ayesha
Solapur, October 26, 2021
High coverage
I have secured my family with the help of family health insurance which i have purchased from Policybazaar. In my health plan, i have got coverage for medical expenses. From now on i do not have to bear financial burden as my policy will give me financial protection.
Bahaar
Hubli And Dharwad, October 26, 2021
Good in customer handling
Policybazaar is very good in terms of handling customers. I bought family health insurance from Policybazaar and their team maintained professionalism with courteous demeanor which was absolutely impressive. I would definitely like to get in touch with Policybazaar for more plans.
Bhagyashree
Bareilly, October 26, 2021
Minimal paperwork
In my family health insurance, every member of my family are covered. there was minimal and Hassle free paperwork. I got high number of coverage and benefits under my plan. the team of policybazaar guided me and helped me to select the suitable plan.
Devika
Moradabad, October 26, 2021
Faster claim settlement
Thankfully I had taken family health insurance from Policybazaar. a while ago, i had to admitted my father to the hospital due to sudden medical emergency. i had claimed and got the claim very easily and quickly. I got faster claim settlement. I am happy with the service.
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