Prices Increasing soon Prices Increasing Soon

Bajaj Allianz Life Smart Protect Goal

Bajaj Allianz Smart Protect Goal is a comprehensive term insurance plan that ensures the financial protection of the policyholder’s family in case of their unfortunate death. You can avail of this plan at affordable premiums and even choose to receive the premiums paid throughout the policy at the end of the policy term with its ROP (Retrurn of Premium) option. With the plan’s long term coverage (till 99 years), you can secure your family and receive the applicable tax benefits. Let us see the various key features the Bajaj Allianz life smart protect goal offers:

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Key Features of Bajaj Allianz Life Smart Protect Goal

The bajaj allianz smart protect goal has the following key features:

  • The plan offers comprehensive coverage with a variety of features to fit the needs of customers

  • You can financially protect your loved ones by getting a life cover for yourself

  • The plan offers a return of premium option, which returns all the premiums paid at the end of the policy term

  • The bajaj smart protect goal can provide you with life cover till 99 years of age 

  • Select from any of the available riders to enhance the policy’s base coverage

  • You can choose to pay the premiums in a single, regular, or limited premium payment term

Plan Variants of Bajaj Allianz Life Smart Protect Goal

The following 4 plan variants are available in Bajaj smart protect goal plan:

  • Life cover: Protect your loved ones in case of your unfortunate demise with the life cover option

  • Life Cover with child education extra cover: Secure the future of your child with the bajaj allianz smart protect goal life cover with child education extra cover

  • Life cover with joint life: Cover your spouse within the same plan by paying extra premiums

  • Increasing life cover: Get a life cover that increases with your age and changing life stages

Benefits of Bajaj Allianz Life Smart Protect Goal Policy

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

  • Death Benefits

    In case the policyholder suffers an unfortunate death during the policy term and all the premiums have been duly paid, the insurer will pay out the sum assured on death along with any applicable rider benefits to the nominee of the policy. The nominee can use the benefit amount to take care of their monthly expenses and pay off any remaining loans.

  • Return of Premiums

    The return of premium option returns all the premiums paid throughout the policy tenure at the termination of the policy. The returned premiums exclude the GST and admin charges deduction and can help the policyholder secure their retirement and fulfil life goals.

  • Whole Life Protection

    With the policy’s whole life protection option, you can secure the financial future of your loved ones for your whole life. This way, in case of your unfortunate death during the policy term, till 99 years of age, your family will receive the benefit amount to take care of their financial needs and obligations. This option is available only with the limited premium payment option.

  • Tax Benefits

    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

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: If the policyholder untimely dies during the policy term due to an accident, the insurer will pay the accidental death benefit amount on top of the base sum assured.

  • Accidental Total Permanent Disability Benefit: In case the policyholder suffers an accident, which leaves him totally and permanently disabled, he/she will be eligible to receive the rider sum assured.

  • Waiver of Premium Benefit: On the diagnosis of 4th minor critical illness or the 1st major critical illness, the insurer will waive off all the remaining premiums of the policy.

  • Critical Illness Cover: In case of a minor critical illness diagnosis, 25% of the rider sum assured will be paid. You will be eligible to receive a maximum of 4 minor critical illness payouts or 1 major critical illness payout, under which 100% of the rider sum assured will be paid.

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

Parameters  Minimum  Maximum 
Entry Age 18 years 65 years
Maturity Age With ROP 75 years
Without ROP 85 years
Whole life  99 years
Policy Term 5 years 99 - (entry age) years
Premium Payment Term 1 year 67 years
Base Sum Assured 50 Lacs No limit
Premium Payment Frequency Limited, regular, and single pay

Policy Details of Bajaj Allianz Life Smart Protect Goal

  • Reduced Paid-up

    If, under the ROP option, the premium payment is missed after the completion of 2 policy years, the policy will convert into a paid-up policy, and the sum assured on death or maturity will be reduced as per the number of premiums paid till that point.

  • Surrender Value

    You can avail of the surrender value benefit if the policy is regular, single, or limited premium pay with an ROP option and the policy has completed 2 policy years with premiums paid. For policies without ROP, the policy has to be either single premium pay or after the end of the premium payment term in a limited premium option.

  • Free Look Period

    The free look period is 15 days for offline purchased policies and 30 days for online purchased policies. During this period, you can go through the policy documents and return the policy if you are unsatisfied with the policy’s benefits and details.

  • Grace Period

    The grace period for regular and limited premium payment policies is 15 days for monthly modes and 30 days for all the other payment modes. You can easily pay the premiums without worrying about policy lapsing or extra penalties and pay the premiums during this period.

  • High Sum Assured Rebate

    You can receive high sum assured rebates on policies with higher sum assured. The premium amount will decrease in ratio to the higher sum assured for the Bajaj Smart Protect Goal.

  • Change in Premium Payment Frequency

    You can change the premium payment frequency at any policy anniversary during the policy term and pay the premiums as per your convenience. 

  • Policy Lapse

    If the premiums for a policy are not paid within the grace period of the policy, the policy will lapse in case of a regular or limited premium payment plan without the ROP option. In the ROP option, if the premium is unpaid within 2 years of policy issuance, the policy will lapse.

  • Policy Revival

    You can revive your lapsed policy within 5 years of the first unpaid premium date by submitting your medical examination certificate, outstanding premiums, and the applicable interest.

Documents Required to Buy Bajaj Allianz Smart Protect Goal

The documents required to buy Bajaj smart protect goal 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 Bajaj Allianz Smart Protect Goal Online?

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

  • Step 1: Go to the term insurance page

  • Step 2: Fill in your name, gender, DOB, and contact information

  • Step 3: Enter your educational qualification, smoking habits, occupation type, and annual income

  • Step 4: Click on the Return of premium checkbox and select the Bajaj Smart Protect Goal

  • Step 5: Proceed to pay

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 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

The insurer will not payout under the accidental total and permanent disability rider if:

  • Disabiltiy occurs due to criminal activity

  • The person is disabled due to participation in war, riots, or invasion

  • Disbailtiy occurs when under the influence of alcohol or drugs

  • Disability ocsurs due to participation in naval, military, or air force operations

  • Disability occurs due to participating in dangerous sports or activites

  • Disability occurs due to self-harm or attempted suicide

The insurer will not payout the critical illness or waiver of premium on critical illness rider because of any of the folllowing reasons:

  • Diagnosis of critical illness will not be covered within the waiting period of 180 days

  • In case the policyholder die during the survival period from the date of the critical illness diagnosis

  • Illness die to self-harm, suicide, or attempted suicide

  • Medical conditions due to consumption of drugs, alcohol, or narcotics

  • Participating in hazardous activities and sports

  • Medical condition due to nuclear contamination, war, riots, or rebellion

Bajaj Allianz Term Insurance Plans - FAQs

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
07 May 2024

Term Insurance for 45K Salary Individuals

In life, unpredictability looms large, and while you may

Read more
07 May 2024

Term Insurance for 30K Salary Individuals

Turning your dreams into reality, like owning your home and car

Read more
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
20 Sep 2021

Term Insurance for Diabetics

A lot of people suffer from diabetes in India and one of the most common challenges they face is getting suitable

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.