Bajaj Allianz Life LongLife Goal

Preparing for long term goals and saving accordingly is practically a mandatory requirement in everyone’s life. The Bajaj Allianz Life LongLife Goal policy is an individual, non-participating, regular premium payment ULIP plan, designed to offer flexibility and lucrative returns during, as well as after maturity. With the option of selecting from four distinct investment portfolio strategies and 8 different funds, it also offers the ultimate flexibility with umpteen number of free switches in between.

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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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5.3 Crore
Policies Sold

With a plethora of impeccable advantages, one gets the ultimate investment option when one buys Bajaj Allianz Life LongLife Goal. 

Bajaj Allianz Life LongLife Goal Detail:

Parameters 

Details 

Policy Tenure

99 years minus age of entry of the life assured

Premium Paying Term

10 - 25 years 

Premium Paying Mode

Monthly, quarterly, bi-annually and annually

Entry Age

Minimum – 18 years 

Maximum – 65 years 

Maturity Age

99 years 

Grace Period

30 days

Sum Assured

10 times the annualized premium 

Liquidity 

N/A

Benefits of the Bajaj Allianz Life LongLife Goal  

The core benefits of the Bajaj Allianz 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 Allianz 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 Allianz 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

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

The Premiums for Bajaj Allianz Life LongLife Goal 

Monthly, quarterly, bi-annual and annual modes of payments can be made with Bajaj Allianz 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 Allianz Life LongLife Goal calculator is available online for a clear figure. *Standard T&C Apply

Additional Riders for Bajaj Allianz Life LongLife Goal 

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

People also read: Bajaj Allianz NFO

Eligibility for Bajaj Allianz 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 Allianz 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. 

People Also Read: bajaj allianz midcap index fund nfo

Exclusions of Bajaj Allianz 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. 

FAQs

  • Q1. What type of plan is this?

    Ans:. This is a unit-linked, non-participating, individual, life, regular premium payment plan. 
  • Q2. What does a free-look period essentially mean?

    Ans:. A free-look period means that within 15 days of purchasing the policy if you change your mind, you can get the policy cancelled and get a refund for your entire amount provided no claims have been made within that period. 
  • Q3. Can a minor be a nominee?

    Ans:. A minor can be a nominee provided there is a legal guardian overlooking the policy who is of sound age. Once the minor reaches adulthood, then he/she can be the official acting nominee and get the benefits.
  • Q4. When is the loyalty additions paid out?

    Ans:. The company will allocate loyalty additions every passing year after the first 5 years of the policy are completed. This will be calculated as a percentage of one annualized premium. 
  • Q5. Is there an option of surrendering the policy?

    Ans:. Yes. You can surrender the policy at any given time, after which you will be eligible to receive the surrender benefit. 
  • Q6. What are the four portfolio strategies I can choose from?

    Ans:. This plan offers 4 portfolio strategies which can be selected during the inception of the same. These 4 policies are:
    • Auto transfer portfolio strategy
    • Trigger-based portfolio strategy
  • Q7. Is the option of reducing the premium available with Bajaj Allianz Life LongLife Goal plan?

    Ans:. You can choose to reduce the premium payment of this plan after the first five years of the completion of the policy. This reduction can only be up to a maximum of 50% of the premium, which is decided at the commencement of this policy.


˜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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