Bajaj Allianz Life Smart Wealth Goal is a Unit Linked Insurance Plan (ULIP) offered by Bajaj Allianz, which is perfect for individuals who wish to get the benefits of the market along with the coverage of insurance within the same investment amount. Why invest your hard-earned money into two different areas when you have the benefits of both under the same roof? This is a smart way to ensure savings and, at the same time, earn bonuses, all while working towards future goals.
Guaranteed Tax SavingsUnder sec 80C & 10(10D)^
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
|10 -30 years
|Premium Paying Term
|5 years to Policy Term
|Payment Paying Mode
|0-60 years In case of a minor, the policy matures after attaining adulthood
|18 to 85 years
|15 days for monthly and 30 days for other premium payment modes
|10 times Annualized Premium
|No loan can be taken against the policy. Partial withdrawals are allowed after the 5th year.
The main benefits of Bajaj Allianz Life Smart Wealth Goal as described below:
Regular Returns: The Bajaj Allianz Life Smart Wealth Goal policy offers a well-planned income through which the customer is subject to receive money-backs and returns of the premium allocation charges starting from the 10th year or maturity date, whichever is earlier. The returns are given regularly every five years after the initiation of this feature.
Loyalty Benefits: If the customer has been paying all premiums regularly, the amount for lifelong coverage is returned after the policy duration's termination.
Various Portfolio Strategies: According to the customer's specifications, the available investment option to choose from are divided into five primary groups as enlisted:
Investor Selectable portfolio strategy
Auto Transfer Portfolio Strategy
Wheel of Life Portfolio Strategy II
Trigger-based Portfolio Strategy II
Capital Preservation Oriented strategy
The investor selectable portfolio strategy opens up 8 investment options to choose from according to assessing a comfortable investment amount and endurable risks.
Premium Flexibility: The Bajaj Allianz Life Smart Wealth Goal premiums (Regular or Limited) can be cut down up to half of the initial amount after five years of the policy duration. The policyholder can also pay Top-Up premiums, except in the last 5 policy years, subject to conditions.
*Given that the minimum premium amount criteria according to the plan specifications have been met.
Death benefits are payable in case of unforeseen demise of the customer.
Extendable Terms: The policyholder can extend the period of premium payments after completing five years with the policy. The only documentation required here would be a written notice submitted one month before completing the fifth year.
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The minimum premium amount for Bajaj Allianz Life Smart Wealth Goal can be paid in easy installments, which are best-suited for the customer.
The installments to choose from as mentioned:
There is no limit on the maximum amount; the policyholder is free to invest any sum above the minimum according to the financial profile and feasibility.
*For quarterly and monthly installments, the RBI guidelines are strictly followed.
The minimum term for paying premiums is five years, and the maximum period goes on till the policy expires.
Bajaj Allianz Life Smart Wealth Goal does not have any rider plans.
Anybody can apply for the Bajaj Allianz Life Smart Wealth Goal.
In the case of minors, the coverage and benefits start getting added up as the policy begins, and the bonuses can be availed when the customer becomes an adult.
The age for applying for the policy is 0- 60 years.
The minimum age for the policy's maturity is 18 years.
The maximum period for maturity is 85 years.
*The age considered is according to the most recent birthday.
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A proof of identities, such as passport, PAN Card, or Aadhar Card issued by India's Government
An age proof to ensure policy terms. This can also be done through a passport or Aadhar Card.
Address proof, such as telephone or landline bills.
Income proofs such as Income Tax returns or bank statements/salary slips
An individual passport size photograph of the customer
One can buy the Bajaj Allianz Life Smart Wealth Goal online through their website
Step 1: Visit the official website of Policybazaar.
Step 2: Fill in the basic details, including name, age, nationality, phone number, address, etc.
Step 3: You will be redirected to the quotes page.
Step 4: Select the plan that fits the required profile.
Step 5: Go ahead with the payment options, which include UPI, net banking, etc.
According to the Bajaj Allianz Life Smart Wealth Goal reviews, the policy is straightforward, but it does consider the following exclusions:
Suicidal death: In the case of suicide of the policyholder within 12 months from the date of commencement of the Policy or from the date of the latest revival of the Policy, whichever is later, the nominee or beneficiary will get only the payable amount, i.e., the fund value.
*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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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