Bajaj Allianz Life Goal Assure

Bajaj Allianz Life Goal Assure is a life goal-based unit linked life insurance plan that provides you with the chance to plan for your important life stage with no worries. The plan comes with loyalty additions that is paid from the 6th year, and the fund boosters are paid at the time of maturity. This plan returns the mortality charges on plan maturity, thus ensuring you significant returns on your savings while offering protection from 1st day.

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Bajaj Allianz Life Goal Assure Details:

Parameters Description
Type of Plan Unit Linked Insurance Plan (ULIP)
Policy Tenure 5,10,15,20  years
Premium Paying Term  Limited and Regular:
  • 5 years Policy Term: 5 years
  • 10 years Policy Term: 5, 7 or 10 years
  • 15 years Policy Term: 10 or 15 years
  • 20 years Policy Term: 15 or 20 years
Premium Paying Mode Yearly, Half-yearly, Quarterly  or Monthly
Entry Age 
  • Minimum: 0 years
  • Maximum: 60 years
Maturity Age  Maximum: 75 years
Grace Period  15 days for monthly mode of payment and 30 days for other modes of payment from the Premium due date
Sum Assured 
  • Minimum: 10 X Annualized Premium
  • Maximum: It is based on Annualized Premium, Age of Entry, Policy Term

  • Annualized Premium is Rs.36,000 to Rs.4,99,999
  • Policy Term: 5 and 10 years: 
  • 10 X Annualized Premium for Entry Age from 0 to 60 years

  • Policy Term: 15 and 20 years: 
  • 15 X Annualized Premium for Entry Age 0-44 years
  • 10 X Annualized Premium for Entry Age 45-60 years
Annualized Premium is Rs.5,00,000  and above
  • Policy Term: 5 and 10 years: 
  • 10 X Annualized Premium for Entry Age from 0 to 60 years
  • Policy Term: 15 and 20 years: 
  • 20 X Annualized Premium for Entry Age from 0- 44 years
  • 10 X Annualized Premium for Entry Age from 45-60 years
Liquidity Partial Withdrawal is allowed after the fifth policy anniversary

*You can calculate the maturity returns of your periodic SIP investments using an SIP calculator.

People also read: Bajaj Allianz Life Small Cap Quality Index Fund

Benefits of Bajaj Allianz Life Goal Assure

The key benefits of Bajaj Allianz Life Goal Assure are as follows:

  • Death Benefit: If the Bajaj Allianz Life Goal Assure Policy status is active and the Life Assured suffers untimely demise during the policy term, the nominee receives a higher of Regular Premium Sum Assured or the current Fund Value plus the Top-Up Sum assured.

  • Maturity Benefit: On survival of the policy term, the Life Assured receives Regular Premium Fund Value plus Top-Up Regular Premium Fund Value, provided the Bajaj Allianz Life Goal Assure Policy is in force. 

  • Return of Mortality Charges: Along with the Maturity Benefit, the Life Assured will receive the total Mortality Charges deducted for Life Cover during the policy term. 

  • Fund Booster: It is added to the Regular Premium Fund Value on the maturity date at varying rates based on policy term, equal to or greater than 10 years. 

  • Loyalty Additions: The Insurer allocates it to Regular Premium Fund Value as a percentage of the Annualized Premium for policy terms 10 years and above.

  • Tax Benefit: The extant law exempts the Premium paid and benefits received during a financial year from tax under Section 80C and 10(10D), respectively of the IT Act, 1961.

*Tax benefit is subject to changes in tax laws

The Premium for Bajaj Allianz Life Goal Assure

The Bajaj Allianz Life Goal Assure Premium frequency has already been discussed earlier. The minimum premium based on Premium Payment frequency is:

  • Yearly: Rs.36,000

  • Half-yearly: Rs.18,000

  • Quarterly: Rs.9,000

  • Monthly: Rs. 3,000

  • Top-Up: Rs.5,000

*For Quarterly and Monthly Premium Payment frequencies, only auto-debit is applied as per stipulations of RBI. 

*Standard T&C Apply

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

Additional Riders for Bajaj Allianz Life Goal Assure 

As revealed by the Bajaj Allianz Life Goal Assure Reviews, the policy does not offer any Additional Riders.

People Also Read: Bajaj Allianz Life Midcap Index Fund NFO

Eligibility for Bajaj Allianz Life Goal Assure

  • Entry Age: 
    • Minimum: 0 years (The risk cover commences immediately for Minor Life, but the policy will vest only on attainment of majority at 18 years of age)

    • Maximum: 60 years

  • Maturity Age:75 years

What are the documents required to buy this policy?

The Official Valid Documents (OVD) required to buy Bajaj Allianz Life Goal Assure are listed below:

  • ID Proof

  • Age proof

  • Address Proof

  • Income Proof

  • Bank Account Details

  • Recent Photograph

How to buy this plan online?

The Insurer portal has the facility for online Bajaj Allianz Life Goal Assure purchase. The process comprises of three simple steps as under, which opens on clicking the “Invest'' button.  

Step 1: Generate Quote where two phases are involved – Personal Information and Investment Preferences. 

Step 2: Payment

Step 3: Proposal Form

Exclusions of Bajaj Allianz Life Goal Assure

The nominee is entitled to receive the prevailing Fund Value on the date of intimation in the event of death due to suicide within 12 months of inception of the policy 


  • What are the investment strategies in the Bajaj Allianz Life Goal Assure?

    The four strategies are:
    • Investor Selectable Portfolio Strategy
    • Wheel of Life Portfolio Strategy
    • Trigger Based Portfolio Strategy
    • Auto Transfer Portfolio Strategy
  • How much is the Lock-in period in Bajaj Allianz Life Goal Assure?

    The Lock-in period in the Bajaj Allianz Life Goal Assure Policy is five years.
  • Does the Bajaj Allianz Life Goal Assure permit surrender of policy? 

    Yes. The policy can be surrendered at any time, but the treatment will depend on whether the act is during the Lock-in period or after. 
  • What is the fate of the Surrender Value in the Bajaj Allianz Life Goal Assure?

    If the policy is surrendered during the Lock-in period, the Surrender Value will be transferred to Discontinued Life Policy maintained by the Insurer, whereas after Lock-in, the Surrender Value becomes payable immediately.
  • Is there any provision for a loan under the Bajaj Allianz Life Goal Assure?

    No, the Insurer does not provide any loan under this policy.
  • Is there any Settlement Option in the Bajaj Allianz Life Goal Assure?

    Yes, it allows the Life Assured to receive the Maturity Benefit in installments spread over a maximum of 5 years. 
  • How much is the defined Revival Period in Bajaj Allianz Life Goal Assure?

    The period is 3 years from the policy’s discontinuance, provided it is not already terminated. 

*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:-

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Bajaj Allianz Life Goal Assure Reviews & Ratings

4.5 / 5 (Based on 4 Reviews)
(Showing Newest 4 reviews)
Panagarh, August 16, 2016
Ulip Insurance Plan
After a long while, got the insurance policy which i needed. The ulip insurance plan from bajaj life insurance. The policy coverage is high and claims are easy to sanctioned. Service provided by you is superb, the updates of the policy is regularly mailed to me at my email address.
Nainital, July 15, 2016
I have ulip plan from bajaj allainz life insurance company limited. The policy is great and it works for me and give me full satisfaction. Policy coverage and claims are good. Claiming is very easy because the service of the staff of the company is awesome.
Delhi, February 06, 2016
I have life insurance with bajaj. The policy i have is an average one. Low premiums but the paybacks are also less. The policy coverage and claims are ~60-70%. The services provided is slow. Kaam chalau...
Plan Name: Future Gain
Agent Code: BPW01312
Lucknow, December 20, 2015
First time invested on bajaj allianz ulip plans
I really liked the concept of ulip plans and invested my saving on this. Really appreciated the valuable informations on Policybazaar.and the very cool customer care process. I also find bajaj allianz ulip nav and therefore i have invested on this. Lets hope for the best. If it works i will invest more, this is my first time, But would recommend to all. All the best!

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