Bajaj Allianz Life Goal Assure

Bajaj Allianz Life Goal Assure Details:

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

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

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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.

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