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.

Read more
Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)^
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 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.

*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
^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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Average Rating
(Based on 4 Reviews)
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Plan Riders

17 Jan 2024

ULIP or Unit Linked Insurance Plans provide rider benefits. They
Read more
ULIP Returns in 40 Years

08 Jan 2024

Estimating the ULIP returns over 40 years offers a unique
Read more
ULIP Calculator
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
Tata AIA ULIP Plan Calculator
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more
7 Things to Know About the Tax Benefits of ULIPs
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more

Bajaj Allianz Life LongLife Goal Reviews & Ratings

4.5 / 5 (Based on 4 Reviews)
(Showing Newest 4 reviews)
Umakant
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.
Nakul
Nainital, July 15, 2016
Good
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.
Ankit
Delhi, February 06, 2016
"Average"
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
Hari
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!
top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL