Steps to buy
Steps to buy Bajaj Allianz Life Guaranteed Income Goal
- Step 1: Choose the variant: Income Benefit or Lump-sum Benefit
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Step 2: Choose the Sum Assured
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Step 3: Decide if you want to opt for Extended Life Cover to extend the life cover beyond the policy term
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Step 4: Choose your policy term and premium payment term from available options
Note -
- Variant can be chosen at inception only cannot be changed subsequently
- Extended Life Cover option has to be chosen at inception only and cannot be opted for or opted out of (once chosen) subsequently.
- Please note that the Basic Sum Assured is lower than the total premiums paid and varies basis the age of the Life assured, policy term, premium paying term
Eligibility criteria
Entry Age
Minimum Age at Entry
Maximum Age at Entry
Maturity Age
Minimum Age - 18 years
Maximum Age - 72 years
- The maximum maturity age does not include the Extended Life Cover, if opted for or Income Period
- For policies purchased through POS channel, the maximum Age at Maturity will be as per prevailing POS guidelines, as amended from time to time
Maximum Age for termination of life cover (if Extended Life Cover is opted) - 84 years
For policies purchased through POS channel, the maximum Age for Termination of Life Cover (if ELC is opted for) will be as per prevailing POS guidelines, as amended from time to time
| Lump-sum Benefit |
| Policy Term (In years) |
10 |
12 |
15 |
20 |
| Premium Payment Term (In years) |
5, 7, 10 |
5, 7, 8, 12 |
5, 7, 8, 10, 12 |
5, 7, 8, 10, 12 |
| Lump-sum Benefit |
| Policy Term (In years) |
5 |
7 |
10 |
12 |
| Premium Payment Term (In years) |
5 |
7 |
5, 7, 10 |
5, 7, 12 |
| Minimum Premium (Rs) |
Variant |
Yearly |
Half-Yearly |
Quarterly |
Monthly* |
| Lump-sum |
22,243 |
11,344 |
5,783 |
2,002 |
| Income |
28,822 |
14,699 |
7,494 |
2,594 |
| Maximum Premium |
As per Maximum Sum Assured |
| Minimum Sum Assured |
Rs. 1,00,000 |
| Maximum Sum Assured |
Based on Board Approved Underwriting Policy
|
| Premium Payment Frequency |
Yearly, Half yearly, Quarterly and Monthly
*Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities) |
All the references to age are Age as on last birthday
Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) and on maturity date.
For policy purchased through POS channel no medical underwriting is required.
Premium will vary depending upon the Variant chosen.
Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited , Bajaj Allianz Life Guaranteed Income Goal, Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider , Bajaj Allianz Family Income Benefit Rider and Bajaj Allianz Waiver of Premium Benefit Rider are the names of the company and the product /rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions. The product also offers other riders to choose from apart from Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider, Bajaj Allianz Family Income Benefit Rider and Bajaj Allianz Waiver of Premium Benefit Rider. Bajaj Allianz Life Guaranteed Income Goal-A Non-Linked Non-Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune 411006. Reg. No.: 116. CIN: U66010PN2001PLC015959 | Mail us: customercare@bajajallianz.co.in | Call on: Toll free no. 1800 209 7272. Bajaj Allianz Life Guaranteed Income Goal (UIN: 116N157V10) Bajaj Allianz Accidental Death Benefit Rider (UIN:116B034V02), Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider (UIN:116B036V02), Bajaj Allianz Critical Illness Benefit Rider (UIN:116B035V02), Bajaj Allianz Family Income Benefit Rider (UIN:116B037V02), Bajaj Allianz Waiver of Premium Benefit Rider (UIN: 116B031V02)| The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its "Bajaj Logo and Allianz SE to use its "Allianz" logo. All charges/taxes, as applicable, will be borne by the Policyholder.
Axis Bank Ltd is a Corporate Agent for Bajaj Allianz Life Insurance Company Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0069. This Plan is offered and underwritten by Bajaj Allianz Life Insurance Company Limited. The purchase of Bajaj Allianz Life Insurance product is purely on voluntary basis. Axis Bank Ltd. is not in the business of insurance and there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance Product. The Bank's trademark & logo displayed herein exclusively belongs to Axis Bank Ltd.
