Bajaj Life Goal Assure

Features of Bajaj Life Goal Assure 

The investment plan is a popular plan of Bajaj Investment Plans, the features of which are: 

• Fund Booster at Maturity: At the end of the policy term, Fund Booster (FB) is added to your regular premium Fund Value, increasing the overall amount. 

• Loyalty Additions: For staying invested for a longer period, loyalty additions in the form of units are added to the Fund Value. Each Loyalty Addition will be greater in percentage than the previous one. 

• Plan Type: It is a Unit Linked Insurance Plan, providing both insurance and investment  opportunities, helping you grow money for a  financially secured future. 

• Return of Mortality Charges at Maturity (ROMC): At the end of the Policy term, the entire Mortality Charges are returned, ensuring higher returns. 

• Inbuilt Riders: Riders are available to provide additional financial protection. 

• Choice of 4 Investment Portfolio Strategies: The four investment portfolio strategies help align asset allocation with your risk tolerance ensuring maximum returns. The four investment portfolio strategies are: 

  • Investor Selectable Portfolio Strategy

  • Wheel of Life Portfolio Strategy

  • Trigger Based Portfolio Strategy

  • Auto Transfer Portfolio Strategy

• Multiple Funds to Choose From: You have the option to choose from a range of 22 funds, to tailor your investments based on your financial goals. 

• Option to Reduce the Premium: Avail the option to reduce the prevailing Regular/Limited Premium, up to 50%, after the first five (5) Policy years.

• Option to Decrease Sum Assured and Change Premium Payment Term: You can reduce the amount of your sum assured, and increase or decrease your premium payment term based on your changing needs. 

• Life Insurance Cover Throughout the Policy Term: The feature ensures financial protection of your loved ones, so that they are secured, whether you are around or not. 

Bajaj Life Goal Assure Eligibility

*You can calculate the maturity returns of your periodic SIP investments using an SIP calculator.

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Benefits of Bajaj Life Goal Assure

The key benefits of this investment plan are as follows:

• Death Benefit: In case of the unfortunate death of Life Assured, the nominee receives: 

  • Higher of, Prevailing Sum Assured, or Regular Premium Fund Value, and 

  • Higher of, Top-up Sum Assured or Top-up Premium Fund Value

The Death Benefit cannot be less than the Guaranteed Death Benefit of 105% of the Total Premiums paid.

• Maturity Benefit: On survival of the policy term, the Life Assured receives Regular Premium Fund Value plus Top-Up Regular Premium Fund Value, provided the Bajaj Life Goal Assure Policy is in force.

• Tax Benefits: The extant law exempts the Premium paid and benefits received during a financial year from tax under Section 80C and Section 10(10D), respectively of the IT Act, 1961. 

*Tax benefit is subject to changes in tax laws

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Additional Riders for Bajaj Life Goal Assure

Under the Bajaj Life Goal Assure plan, you have three rider options available, to enhance your protection, besides the general cover: 

• Bajaj Life Linked Accident Protection Rider II

•  Bajaj Life Care Plus Rider

• Bajaj Life Linked New Critical Illness Benefit Rider

Additional Details of Bajaj Life Goal Assure

• Grace Period: 15 days for monthly mode of payment and 30 days for other modes of payment from the Premium due date.

• Partial Withdrawal: Partial Withdrawal is allowed after the 5th policy anniversary.

• Free Look Period: Get a free look period of 30 days beginning from the date of receipt of the policy document. 

Documents Required to Buy Bajaj Life Goal Assure

The Official Valid Documents (OVD) required to buy Bajaj Life Goal Assure are listed below:

• ID Proof

• Age proof

• Address Proof

• Income Proof

• Bank Account Details

• Recent Photograph

How to Buy Bajaj Life Goal Assure Online?

The Insurer portal has the facility for online Bajaj Life Goal Assure purchase. The process involves three simple steps that appear after you fill in your basic details and click the "Proceed" button. 

Step 1: Generate Quote where two phases are involved – Personal Information and Investment Preferences. 

Step 2: Payment

Step 3: Proposal Form

Exclusions of Bajaj Life Goal Assure

The nominee is entitled to receive the prevailing Fund Value on the date of intimation in the event of death due to suicide within 12 months of inception of the policy