Bajaj Life LongLife Goal

Bajaj Life LongLife Goal Detail:

Benefits of the Bajaj Life LongLife Goal  

The core benefits of the Bajaj Life LongLife Goal are as follows:

Maturity Benefits – A maturity benefit will be paid out when the policy reaches maturity, which will be calculated as the fund value as on the said date. This will only be applicable if the Bajaj Life LongLife Goal policy status is active at the time. *Standard T&C Apply

Death Benefits – A death benefit, that is calculated as the higher of fund value or the prevailing sum assured shall be payable to the beneficiary or nominee in case the life assured passes away at any time of the policy, provided the premiums have been duly paid up until that date. *Standard T&C Apply

Partial Withdrawal Facility – After the fifth year of the policy is complete; one can make partial withdrawals from their fund portfolio should the need arise. The minimum amount one can take at a time is Rs. 5000 and the fund value should not fall below 105% of the annualized premium. *Standard T&C Apply

Tax Benefits – The Bajaj Life LongLife Goal offers tax exemption on the maturity benefit, death benefit, and partial withdrawal as well as on premium payments. Any retired life income is also eligible for tax benefits as permitted by the government bodies at the time. * Tax benefit is subject to changes in tax laws

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The Premiums for Bajaj Life LongLife Goal 

Monthly, quarterly, bi-annual and annual modes of payments can be made with Bajaj Life LongLife Goal premium instalments. Top-up premium is not a supported feature on this plan. For the exact calculation of payments to be made depending on the mode of payments chosen to be made, the Bajaj Life LongLife Goal calculator is available online for a clear figure. *Standard T&C Apply

Additional Riders for Bajaj Life LongLife Goal 

There are no add-on riders with this plan. However, there is an accidental disability benefit associated with the online Bajaj Life LongLife Goal policy, which will pay the balance premiums as well as a maturity benefit in case of such a case happening. 

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Eligibility for Bajaj Life LongLife Goal  

• Minimum Age of entry – 18 years 
• Maximum Age of entry – 65 years 

What are the documents required to buy this policy?

To buy the online Bajaj Life LongLife Goal plan, one needs to submit the following documents. 

• Identification papers – PAN card, passport, Aadhar card, driver’s license, etc. 
• Proof of address –ration card, Driver’s license, utility bills, and voter’s ID, Aadhar card, etc.
• Proof of income papers – Income tax returns, salary slips, financial asset portfolios (if needed)

How to buy this plan online?

To get details on how to buy this plan, one can visit the official website of Policybazaar to get the customer care numbers or email address and speak to a person who will guide him/her through the application process and other necessary details. 

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Exclusions of Bajaj Life LongLife Goal 

Death by suicide, the overdose of illegal substances, alcohol abuse, drugs, death, or disability due to participation in terrorism-related activities will all count as exclusions of this plan. If the person, sane or insane, dies within a year of the commencement of the plan, the death benefit paid out shall be at the perusal of the terms and conditions stated in the policy papers. *Standard terms and conditions apply. 

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