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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  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
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10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold

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 

FAQ's

  • 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. 


˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Bajaj Allianz ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
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