Bajaj Allianz Life Goal Assure

Unit Linked Life Insurance Plans have emerged as the bulwark of smart financial planning to achieve life goals for individuals who are not averse to investment risk. True to its name, Bajaj Allianz Life Goal Assure, a non-participating individual insurance plan, is in the same genre. Placing the dreams and aspirations as the basis of its investment philosophy, the policy provides the safety net necessary for leading a fulfilling life by attaining life goals with comfort.

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The elusive and desirable peace of mind is achieved by life goal based Bajaj Allianz Life Goal Assure through a range of features like multiple fund options and investment strategies, Loyalty Additions, and Fund booster; while maximizing returns to smoothen the path to success. 

Bajaj Allianz Life Goal Assure Details:



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


Partial Withdrawal is allowed after the fifth policy anniversary

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 Sections 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

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: Maximum: 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 


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(Based on 4 Reviews)
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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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