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Bajaj Allianz Capital Guarantee Solution
Bajaj Allianz Capital Guarantee Solution is an attractive financial product that provides you with the dual advantage of market-linked returns and capital protection. This insurance-cum-investment plan offers you both the peace of mind with 100% guaranteed returns and high growth rate of market-linked investments. The Bajaj Allianz Capital Guarantee Solution also provides you with life insurance coverage, the flexibility to choose from different ULIP funds, and partial withdrawal facility. Read on to know more about the features and benefits of Bajaj Allianz Capital Guarantee Solution Plan.
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About Bajaj Allianz Capital Guarantee Solution
Bajaj Allianz Capital Guarantee Solution is a combination of Unit-Linked Insurance Plan (ULIP) and Guaranteed Return Plan offered by Bajaj Allianz Life Insurance Company Limited in India. These solution plans offer the benefits of market-linked returns and guaranteed capital protection.Â
The Bajaj Allianz Capital Guarantee Solution Plan is a combination of two categories of investment plans, they are as follows:
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Bajaj Allianz Life Guaranteed Income Goal: This is a guaranteed return plan
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Bajaj Allianz Life Smart Wealth Goal: This is a unit linked insurance plan (ULIP)
This capital guarantee solution plan is a good option for investors who want the potential for market-linked returns, but also want the peace of mind of knowing that their capital is protected.
Key Features of Bajaj Allianz Capital Guarantee Solution
Some of the key features of Bajaj Allianz Capital Guarantee Solution are as follows:
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Guaranteed capital protection: You will get back your entire premium at maturity, even if the market performs poorly.
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Potential for market-linked returns: Your investment has the potential to grow over time, depending on the performance of the market-linked funds.
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Choice of Investment Funds: Bajaj Allianz Capital Guarantee Solution typically offers you to choose from various investment funds with different risk profiles.
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Flexibility: Policyholders have the flexibility to switch between different investment funds based on changing market conditions or their evolving financial goals.
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Death benefit: Your nominee will receive a payout if you die during the policy term.
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Flexible premium payment options: You can choose to pay premiums monthly, quarterly, half-yearly, or annually.
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Long policy term: The policy term can be up to 35 years.
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Tax Benefits: You are eligible for tax benefits on the premium paid and the benefits received under the Income Tax Act, 1961.
People also read: Bajaj Allianz Small Cap Fund NFO
Benefits of Bajaj Allianz Capital Guarantee Solution
Bajaj Allianz Capital Guarantee Solution is a market-linked insurance plan that offers the following benefits:
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Principal Protection: Capital guarantee solutions typically offer protection of the principal investment amount. This means that regardless of market fluctuations or economic conditions, your initial investment is safeguarded.
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Stable Returns: These solutions often provide a guaranteed minimum rate of return, ensuring that you receive at least a certain amount of interest on your investment, even if the market performs poorly.
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Guaranteed Additions: The plan guarantees the return of 100% of the premiums invested, along with the accrued Guaranteed Additions, at maturity. The guaranteed additions are calculated as a percentage of the sum assured, and they increase over the term of the plan.
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Risk Management: Capital guarantee solutions can be particularly attractive to risk-averse investors who want to participate in market-related investments while also having a safety net to protect against potential losses.
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Long-Term Planning: These solutions are designed to align with long-term financial goals and provide a measure of predictability for future financial needs.
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Diversification: Some capital guarantee solutions offer exposure to various asset classes, which can help diversify the investment portfolio and reduce overall risk.
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Flexibility: Depending on the specific product, capital guarantee solutions may offer flexible terms, including options for premium payments and withdrawal terms.
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Tax Benefits: You can avail of tax benefits under Section 80C on your investments and under Section 10(10D) on the interest earned.Â
- Insurance Coverage: In addition to the investment aspect, capital guarantee solutions also include insurance coverage or additional benefits, providing a comprehensive financial solution.
As we have discussed above, the Bajaj Allianz Capital Guarantee Solution Plan is a combination of Bajaj Allianz Life Guaranteed Income Goal and Bajaj Allianz Life Smart Wealth Goal plans, let us learn about these plans in detail below.
Bajaj Allianz Life Guaranteed Income Goal Plan
Bajaj Allianz Life Guaranteed Income Goal Plan is a non-linked, non-participating, endowment life insurance plan. This investment option offers you the choice to receive the policy benefits either as a lump sum or in instalments. The plan also offers guaranteed increasing income, which means that you will receive a higher income every year.
Features of Bajaj Allianz Life Guaranteed Income Goal Policy:
The key features of Bajaj Allianz Life Guaranteed Income Goal Plan are as follows:
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You can choose from the following 2 variants as per your financial goals:
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Income Benefit: Under this variant, you will receive the Guaranteed Maturity Benefit in instalments for a period equal to the premium paying term. The instalments can be monthly, quarterly, half-yearly, or yearly.
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Lump-Sum Benefit: Under this variant, you will receive the Guaranteed Maturity Benefit in a lump sum.
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Guaranteed Maturity Benefit:Â You will receive a Guaranteed Maturity Benefit, either as a lump sum or in instalments, depending on the variant chosen. The Guaranteed Maturity Benefit is enhanced by a percentage, called the Guaranteed Enhancer, which depends on the policy term and premium paying term.
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Option to Extend Life Cover: You can choose to extend your life cover beyond the policy term by opting for the Extended Life Cover rider. This rider will provide additional life cover for a period of 5, 10, or 15 years, depending on the option chosen.
Choice of 5 Riders: The policyholder can choose from 5 riders to enhance the coverage of the policy:
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Accidental Death Benefit Rider
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Critical Illness Rider
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Disability Income Benefit Rider
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Terminal Illness Rider
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Waiver of Premium Rider
Multiple Policy Terms & Premium Payment Terms to Choose: You can choose from a range of policy terms and premium payment terms, depending on your financial goals and needs.
Eligibility Criteria:
You should fulfil the following eligibility conditions to buy the Bajaj Allianz Guaranteed Income Goal Plan:
| Eligibility Criteria | Details | ||
| Entry Age | 6 – 60 years | ||
| Maturity Age | 18 – 72 years | ||
| Age for Life Cover | 84 years | ||
| Policy term (PT) | Plan Variant | PT (in years) | PPT (in years) |
|
10 | 5/ 7/ 10Â | |
| 12 | 5/ 7/ 8/ 12Â | ||
| 15 | 5/ 7/ 8/ 10/ 12 | ||
| 10 | 5/ 7/ 8/ 10/ 12 | ||
|
PT (in years) | PPT (in years) | |
| 5 | 5 | ||
| 7 | 7 | ||
| 10 | 5/ 7/ 10 | ||
| 12 | 5/ 7/ 12 | ||
| Sum Assured (SA) | Rs. 1 lakh – Depending on Board Approve Underwriting Policy (BAUP) | ||
| Premium Payment Frequency |
|
||
Bajaj Allianz Life Smart Wealth Goal Plan
Bajaj Allianz Life Smart Wealth Goal is a unit-linked insurance plan (ULIP) that offers a combination of life insurance and investment benefits. You can choose from multiple options of ULIP funds depending on your risk appetite. It is a long-term plan that can be used to meet a variety of financial goals, such as retirement planning, child education planning, and wealth creation.
Features of Bajaj Allianz Smart Wealth Goal Plan
Some of the features of the Bajaj Allianz Smart Wealth Goal plan are mentioned below:
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Life Cover:Â This ULIP plan gets you covered for life as per the payment of premiums. In the event of your unfortunate death, your nominee will receive the death benefit. The death benefit is the higher of the Sum Assured or the Fund Value.
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Investment Benefits:Â Your premiums are invested in a variety of asset classes, such as equity, debt, and money market instruments. The investment mix is decided by you, based on your risk appetite and investment goals. You can also choose to change the investment mix at any time, subject to certain restrictions.
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Loyalty Benefits with Option of Periodical Money Backs:Â You can receive loyalty benefits as a percentage of Fund Value, at the end of every policy year, starting from the 10th policy year. You can also choose to receive the loyalty benefits in the form of periodical money-backs, starting from the 10th policy year.
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Fund Boosters:Â You are eligible to receive fund boosters at the end of every policy year, starting from the 15th policy year. The fund boosters are a percentage of the Average of the daily Regular Premium Fund value during the previous 3 years (including the current year.
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Return of Allocation Charge (ROAC): You can also receive the return of the premium allocation charges (PAC) at the end of the 15th policy year or on the maturity date of the policy, whichever is earlier. The PAC is a charge that is deducted from the premiums paid by you to cover the administrative costs of the plan.
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Return of Mortality Charge (ROMC): You are entitled to receive the return of the mortality charge (MC) added to your Fund Value at the end of the policy term. The MC is a charge that is deducted from the premiums paid by the policyholder to cover the risk of death.Â
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Option to receive Maturity Benefit or Death Benefit in Instalments with Return Enhancer: You have the option to receive the maturity benefit or death benefit in instalments with Return Enhancer. The Return Enhancer is a percentage of the maturity benefit or death benefit, which is added to the instalments.Â
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Choice of Five (5) Investment Portfolio Strategies: You can choose from 5 investment portfolio strategies under the Bajaj Allianz Smart Wealth Goal plan:
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Investor Selectable Portfolio Strategy:Â This strategy allows you to choose the asset allocation of your portfolio.
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Wheel of Life Portfolio Strategy II:Â This strategy automatically allocates your money to different asset classes based on your age and risk profile.
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Trigger Based Portfolio Strategy II:Â This strategy automatically switches your money from equity to debt as you approach retirement age.
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Auto Transfer Portfolio Strategy:Â This strategy automatically transfers your money from one fund to another based on market conditions.
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Capital Preservation-Oriented Strategy:Â This strategy invests your money in debt and money market instruments to minimize risk.
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Choice of Thirteen (13) Funds: You can choose from 13 ULIP funds under the Bajaj Allianz Smart Wealth Goal plan. These funds are invested in a variety of asset classes, such as equity, debt, and money market instruments. You can choose the funds that you want to invest in, based on your risk profile and investment goals.
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Option to Reduce the Premium: You have the option to reduce your premium after the policy has been in force for at least 5 years. However, the reduction in premium will affect the maturity benefit and death benefit.
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Option to Increase Premium Payment Term (PPT): You can increase the premium paying term after the policy has been in force for at least 5 years.
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Tax Benefits: The premiums paid under the Bajaj Allianz Smart Wealth Goal plan are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The maturity benefit and death benefit are also tax-free, subject to certain conditions.
Eligibility Criteria
Eligibility criteria for the Bajaj Allianz Smart Wealth Goal plan are mentioned in the table below:
| Eligibility Criteria | Details |
| Entry Age | 0 – 60 years |
| Maturity Age | 18 – 99 years |
| Polity Term (PT) | 10 – 60 years |
| Premium Payment Term (PPT) | Maturity Age < 85 Years: 5 years – PT Maturity Age > 85 Years: 10 years - PT |
| Premium Payment Frequency |
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| Sum Assured (SA) | 10 × Annualised Premium – as per BAUP |
| Top Up Sum Assured | 1.25 × Top Up Premium – 10 × Top Up Premium |
How Bajaj Allianz Capital Guarantee Solution Plan Works?
Let us understand the working of Bajaj Allianz Capital Guarantee Solution Plan from the steps mentioned below:
Step 1: You select the capital guarantee solution plan as per your financial goals, risk appetite, and your investment horizon.
Step 2: The premium paid is invested in a mix of equity and debt funds.
Step 3: A portion of your premiums is invested in a guaranteed fund. You are guaranteed to get back the amount invested in the guaranteed fund at the end of the policy term, regardless of how the market performs.
Step 4: The remaining portion of your premiums is invested in market-linked funds. This means that you have the potential to earn higher returns if the market performs well.
Step 5: At the end of the policy term, you will receive the following benefits:
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Guaranteed Maturity Benefit:Â You will receive the amount invested in the guaranteed fund, plus any market-linked returns earned on the market-linked funds.
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Death Benefit:Â In the event of your death, the nominee will receive the Guaranteed Maturity Benefit, plus any market-linked returns earned on the market-linked funds.
Exclusions of Bajaj Allianz Capital Guarantee Solution
Some of the exclusions of the Bajaj Allianz Capital Guarantee Solution plan are listed below:
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War:Â The plan does not cover death or disablement due to war, civil war, invasion, act of foreign enemy, or any hostile action by or against any government.
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Nuclear War:Â The plan does not cover death or disablement due to nuclear war or any act of war involving the use of nuclear weapons.
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Terrorism:Â The plan does not cover death or disablement due to terrorism.
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Suicide:Â The plan does not cover death due to suicide within the first 12 months of the policy commencement.
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Pre-existing Diseases:Â The plan does not cover death or disablement due to any pre-existing disease that existed at the time of the policy commencement.
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Claims Arising from Wilful or Fraudulent Act:Â The plan does not cover any claims that arise from wilful or fraudulent act of the policyholder.
Documents Required to Buy Bajaj Allianz Capital Guarantee Solution
| Particulars | Documents Required |
| Identity Proof (Any One) |
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| Address Proof (Any One) |
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| Age Proof (Any One) |
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| Income Proof (Any One) |
|
Benefits of Buying Bajaj Allianz Capital Guarantee Solution Plan from Policybazaar
Policybazaar offers you the following advantages on purchasing the Bajaj Allianz Capital Guarantee Solution Plan:
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Competitive Premiums:Â Policybazaar offers competitive premiums on Bajaj Allianz Capital Guarantee Solution Plan. You can compare premiums from different insurers and choose the plan that best suits your needs and budget.
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Easy Application Process:Â The application process for Bajaj Allianz Capital Guarantee Solution Plan is easy and can be completed online in a few minutes. You can also apply for a policy through a Policybazaar agent.
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24x7 Customer Support:Â Policybazaar offers 24x7 customer support to help you with any questions or queries you may have about Bajaj Allianz Capital Guarantee Solution Plan.
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Transparent Pricing:Â Policybazaar provides transparent pricing for Bajaj Allianz Capital Guarantee Solution Plan. You can see the exact premium amount before you buy the policy.
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No Hidden Charges:Â Policybazaar does not charge any hidden charges for buying Bajaj Allianz Capital Guarantee Solution Plan. You will only pay the premium amount that is mentioned in the plan documents.
FAQ's
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Is Bajaj Allianz Capital Guarantee Solution good?
Yes, Bajaj Allianz Capital Guarantee Solution is a good option for individuals who are looking for a long-term financial product that offers the guarantee of capital protection and the potential to earn market-linked returns. -
What is Bajaj Allianz capital guarantee solution?
Bajaj Allianz Capital Guarantee Solution is a financial product offered by Bajaj Allianz Life Insurance, which is a prominent insurance company in India. This product falls under the category of Unit-Linked Insurance Plans (ULIPs).The primary feature of the Bajaj Allianz Capital Guarantee Solution is that it provides a guaranteed capital protection feature, along with the potential for investment growth. This means that the policyholder's invested capital is protected from market fluctuations and is guaranteed to be returned at maturity, regardless of the performance of the underlying investments.
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Is Bajaj capital safe?
Yes, Bajaj Capital is a safe company to invest with. It is a well-established financial services company with a long history of providing reliable and trustworthy services to its customers. Bajaj Capital is also a member of the Securities and Exchange Board of India (SEBI), which means that it is subject to strict regulations and oversight. -
What is the highest safest return on investment?
The highest safest return on investment in Bajaj Allianz Capital Guarantee Solution depends on the investment horizon and risk appetite of the investor.Here are some of the historical returns of Bajaj Allianz Capital Guarantee Solution:
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Bajaj Allianz Accelerator Mid Cap Fund: 19.4% (10 years)
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Bajaj Allianz Equity Growth Fund II: 15.9% (10 years)
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†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Past 10 Years' annualised returns as on 01-12-2024
^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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
#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 @ CARG 8%; ₹50,45,591 @ CAGR 4%
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).
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