Bajaj Allianz Life Smart Protect Goal

Term Insurance Calculator

+91
Please select a option

Term Insurance Calculator

  • Gender
  • Tobacco user
Education*
Occupation*
Annual Income (in Lac)
IMG
Aapke Life Goals ka Backup Plan
Recommended Life Cover
`
Age
till
30 years
Premium (inclusive GST)
`
Monthly

Save up to 8% in annual mode

X

Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business


Please refer to BALIC Privacy Policy

  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Policy Benefits
Add Image Here

Smart Protect Goal Term Plan – Overview

Our future plans and financial goals demand protection from twists and turns of life. A comprehensive term plan with competitive premium can be a perfect shield against financial stress caused by any life event.

Bajaj Allianz Life Smart Protect Goal is a complete term plan that is easy on your pocket and yet provides you an all-encompassing life cover. It not only offers you the option to get back the entire premium at the time of maturity but also protects you against financial loss from several critical illnesses. Multiple variants of the plan are designed to offer a customized solution to suit your unique needs. All in all, Bajaj Allianz Life Smart Protect Goal is a complete term plan with new-age features in line with your evolving needs.

Comprehensive cover:

Bajaj Allianz Life Smart Protect Goal offers a complete cover with multiple add-ons and carefully structured variants to meet your unique needs.

Competitive premium:

Competitive premium with features in keeping with your requirements.

Return of premium:

Receive the total premiums paid towards the policy at the time of maturity provided, no claim is made

Whole life cover:

Avail cover till the age of 99 years by paying for a limited term only. Return of Premium option is not available if you opt for a whole life plan.

Multiple add-ons:

Get multiple add-on covers, like Accidental Death Benefit, Accidental Total Permanent Disability Benefit, Critical Illness cover and Waiver of Premium Benefit, for comprehensive coverage.

Covers 55 critical illnesses:

Acquire protection from several minor and major critical illnesses.

Entry Age

Minimum age is 18 years

Maximum age is 65 years

For POS Channel: The maximum Age at Entry for without ROP is 60 years and with ROP is 55 years

Maturity Age

Maximum age at maturity

With ROP - 75 years

Without ROP - 85 years

Whole Life - 99 years

For POS Channel - Maximum age at maturity will be 65 years as per prevailing POS guidelines

Sum Assured

Minimum Sum Assured

`50,00,000

Maximum Sum Assured

As per Board Approved Underwriting Guidelines

For POS channel - the Sum Assured shall be in multiple of Rs. 50,000

Policy Term (PT) & Premium Payment Term (PPT)

 

Premium Type for Variant

Minimum

Maximum

PT (years)

PPT (years)

PT (years)

PPT (years)

Without ROP

RP

5

5

85 minus Age at Entry

67

LP7

6

5

85 minus Age at Entry

30

SP

5

1

40

1

With ROP

RP

10

10

75 minus Age at Entry

57

LP7

10

5

75 minus Age at Entry

30

SP

10

1

40

1

Whole Life

RP

Not Available

LP7

99 minus Age at Entry

5

99 minus Age at Entry

30

SP

Not Available

For POS Channel: Whole life cover will not be available & Maximum Policy Term will be 65 minus Age at Entry

Eligibility for Add-On Covers (if opted) with this Variant:

Minimum age at Entry

18 years

Maximum age at Entry

65 years

Sum Assured for ADB / ATPDB

Minimum Sum Assured

`5,00,000

Maximum Sum Assured

`2,00,00,000

 

Sum Assured for CIB

Minimum Sum Assured

`5,00,000

Maximum Sum Assured

`1,00,00,000

 

Maturity Age for Add-On Covers (if opted) with this Variant

Maximum age at Maturity

With ROP - 75 years

Without ROP & Whole Life - 80 years

Add-on cover

Add-on cover

Premium Type for Variant

Minimum

Maximum

PT (years)

PPT (years)

PT (years)

PPT (years)

"ADB/ATPDB" Without ROP

RP

5

5

80 minus Age at Entry

62

LP7

6

5

80 minus Age at Entry

30

SP

5

1

40

1

"ADB/ATPDB" With ROP

RP

10

10

75 minus Age at Entry

57

LP7

10

5

75 minus Age at Entry

30

SP

10

1

40

1

"ADB/ATPDB" With Whole Life

RP

Not Available

LP7

6

5

80 minus Age at Entry

30

SP

Not Available

"CIB & WOPB" Without ROP

RP

5

5

80 minus Age at Entry

62

LP7

5

5

30

30

SP

Not Available

"CIB & WOPB" With ROP

RP

10

10

75 minus Age at Entry

57

LP7

10

10

30

30

SP

Not Available

"CIB & WOPB" With Whole Life

RP

Not Available

 

LP7

5

5

30

30

SP

Not Available

7For Limited Premium Payment & for Add-on Cover(s) opted, the PPTs available are 5, 10, 15, 20, 25, 30 years; subject to maximum PPT cessation age of 75 years. For Limited Premium with ROP option, the minimum difference between PT and PPT should be 5 years

Note:

·   The cover period for CIB / WOPB will always be equal to CIB / WOPB Premium Payment Terms respectively

·  However, the cover period and premium payment term for CIB can be less than or equal to the Variant Premium Payment Term

·  CIB is not available if Single Premium Payment has been opted for in the Variant

Benefit Under this Variant

    Life Cover3 amount is payable on death of the Life Assured.

    You can also choose either of the following options –

  • Whole of Life – Life Cover up to age 99 years
  • This option is only available when limited premium payment option is chosen

  • Return of Premiums (ROP)
  • If no claim has been made for the Variant and/or for each Add-on cover(s), the total premiums paid for the Variant and/or each of the Add-on cover(s) opted for, will be returned on their respective maturity dates. If Whole Life is opted, ROP will not be available

Note -
For policies sourced through POS channel, Waiting Period of sixty (60) days from Date of commencement of risk shall be applicable. During this period, the death benefit due to any reason other than accidental death will be 100% of premiums paid till date, excluding GST/any other applicable tax levied, subject to changes in tax laws and any extra premium

Add-on Cover Benefit

    You can also opt for any/all the following Add-on covers –

  • Accidental Death Benefit (ADB)
  • In case of death due to an accident, Sum Assured chosen as ADB is payable

  • Accidental Total Permanent Disability Benefit (ATPDB)
  • In case of occurrence of total permanent disability of the Life Assured due to an accident, Sum Assured chosen as ATPDB is payable

  • Critical Illness Benefit (CIB)
  • -In case of diagnosis of any of the listed Critical Illnesses, Sum Assured chosen for Critical Illness benefit is payable
    -In case of Minor CI other than Angioplasty, 25% of the CIB will be payable
    -For Angioplasty, lower of 5 lakhs or 25% of CIB, will be payable 
    -A maximum of four (4) Minor CI including Angioplasty claims will be payable during the CIB cover period
    -For Major CI, 100% of CIB will be payable

    The total claims paid under Minor and Major CI will not be more than 100% of CIB. If CIBs have been paid for four (4) Minor CIs including Angioplasty during cover period, no CIB will be payable for any future Minor CI. Any remaining CI Sum Assured shall be payable on the occurrence of a Major CI. Once claim is paid for Minor CI (including Angioplasty), no future claim will be paid for the same Minor CI. The remaining CIB will continue for all listed CI’s excluding the Minor CI for which the claim has already been paid. If ROP option is chosen and 100% of CIB has not been claimed, on maturity the ROP will be a proportion of the total premiums paid for CIB.

  • Waiver of Premium Benefit on CI (incl. ATPD) (WOPB-I) Benefit
  • On occurrence of fourth (4th) Minor CI or on the date of occurrence of the first (1st) Major CI (incl. ATPD), whichever is earlier, all future premiums due under the policy will be waived and WOPB-I cover will terminate immediately and automatically.

Note

  • The variant/options/Add-on covers can be chosen only at inception and cannot be altered during the term of the Policy.
  • 3 Life Cover is the Sum Assured on Death which is -
    • for RP / LP - Sum Assured on Death is defined as higher of (a) 10 times Annualized Premium4, (b) 105% of total premiums paid* till date of death, (c) Sum Assured
    • for SP - Sum Assured on Death is defined as higher of (a) 1.25 times Annualized Premium4, (b) Sum Assured,
  • 4 Annualized Premium is the total premium/s payable in a policy year for a LP & RP and the single premium for an SP. The annualized premium is exclusive of extra premium, add-on covers and loadings for modal premiums, if any, and Total Premiums paid shall be equal to (Annualized Premium * number of years for which premiums have been paid).Please note that GST/any other applicable tax levied, subject to changes in tax laws, will be collected over and above the premium under the policy.
  • ROP is excluding GST/any other applicable tax levied, subject to changes in tax laws and any extra premium
  • Add-on Covers will only be applicable, subject to the conditions, exclusions, waiting period, cooling period & survival period as applicable and mentioned in this document
  • The Premium for this variant and add-on cover(s), except CIB & WOPB I, are guaranteed for the entire Policy term. The premiums for CIB & WOPB I are guaranteed for a period of 5 years and reviewable for subsequent cover periods
  • In case of a policy where WOPB has already been triggered and subsequently if any Add-on Covers become payable or in case of death, the present value of all future premiums w.r.t. the respective Variant and/or Add-on Covers will be added to the death benefit or Add-on cover benefit payable. The present value will be calculated at 6% per annum
  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Policy Benefits
Add Image Here

Our future plans and financial goals demand protection from twists and turns of life. A comprehensive term plan with competitive premium can be a perfect shield against financial stress caused by any life event.

Bajaj Allianz Life Smart Protect Goal is a complete term plan that is easy on your pocket and yet provides you an all-encompassing life cover. It protects you against financial loss from several critical illnesses. Multiple variants of the plan are designed to offer a customized solution to suit your unique needs. All in all, Bajaj Allianz Life Smart Protect Goal is a complete term plan with new-age features in line with your evolving needs.

Additional cover for child’s education:

Provides extra protection of 10-100% of the base cover, for the child’s educational expense in case of death of the life assured.

Multiple add-ons:

This variant comes with multiple add-on covers, like Accidental Death Benefit, Accidental Total Permanent Disability Benefit, Critical Illness cover and Waiver of Premium Benefit

Comprehensive cover:

Bajaj Allianz Life Smart Protect Goal offers a complete cover with multiple add-ons and carefully structured variants to meet your unique needs.

Competitive premium:

Competitive premium with features in keeping with your requirements

Choose your Sum Assured

Choose your Add-on cover(s)

Choose your Policy Term

Choose your Premium Payment Term

Your premium will be based on your age, gender, smoker or non-smoker categorization, options, add-on covers and the above details.

Entry Age

Minimum age

18 years

Maximum age

65 years

Nominee’s Age for CEEC

Minimum age

0 year

Maximum age

18 years

Maturity Age

Maximum age at maturity

85 years

Sum Assured

Minimum Sum Assured

`50,00,000

Maximum Sum Assured

As per Board Approved Underwriting Guidelines

Policy Term (PT) & Premium Payment Term (PPT)

Premium Type for Variant

Minimum

Maximum

PT (years)

PPT (years)

PT (years)

PT (years)

RP

5

5

85 minus Age at Entry

67

LP7

6

5

85 minus Age at Entry

30

SP

5

1

40

1

Premium Type for CEEC

Minimum

Maximum

PT (years)

PPT (years)

PT (years)

PPT (years)

RP

25 minus Age at Entry (of Child Nominee)8

5

25 minus Age at Entry (of Child Nominee)8

25

LP7

5

20

SP

1

1

8The CEEC policy term is {25 – Age at Entry of the Child (Nominee)} subject to such policy term not exceeding the policy term of the variant

Eligibility for Add-On Covers (if opted) with this Variant

Minimum age at Entry

18 years

Maximum age at Entry

65 years

Maturity Age

Maximum age at maturity

80 years

Sum Assured for ADB / ATPDB

Minimum Sum Assured

`5,00,000

Maximum Sum Assured

`2,00,00,000

 

Sum Assured for CIB

Minimum Sum Assured

`5,00,000

Maximum Sum Assured

`1,00,00,000

 

Add-on cover

Add-on cover

Premium Type for Variant

Minimum

Maximum

PT (years)

PPT (years)

PT (years)

PPT (years)

ADB/ATPDB

 

RP

5

5

80 minus Age at Entry

62

LP7

6

5

80 minus Age at Entry

30

SP

5

1

40

1

CIB & WOPB

 

RP

5

5

80 minus Age at Entry

62

LP7

5

5

30

30

SP

Not Available

 

7For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers; subject to maximum PPT cessation age of 75 years.

Note:

·  The cover period for CIB / WOPB will always be equal to CIB / WOPB Premium Payment Terms respectively

·  However, the cover period and premium payment term for CIB can be less than or equal to the Variant Premium Payment Term

·CIB is not available if Single Premium Payment has been opted for in the Variant

Benefit Under this Variant

  • Life Cover3 amount is payable on death of the Life Assured
  • Additional cover to meet your child/ren educational expense equal to CEEC amount is payable on death of the Life Assured during the CEEC period
  • Child Education Extra Cover (CEEC) can be chosen at inception only, for each of your child, provided the age of the child at inception is less than 18 years
  • Since CEEC(s) can be opted separately for each child, each CEEC period(s) will cease on each child/ren (nominee) attaining age of 25 years respectively
  • CEEC(s) amount can be chosen as any percentage between 10% and 100% (in multiples of 10%) of the Sum Assured under the Variant

Add-on Cover Benefits

    You can also opt for any/all of the following Add-on covers –

  • Accidental Death Benefit (ADB)
  • In case of death due to an accident, Sum Assured chosen as ADB is payable

  • Accidental Total Permanent Disability Benefit (ATPDB)
  • In case of occurrence of total permanent disability of the Life Assured due to an accident, Sum Assured chosen as ATPDB is payable

  • Critical Illness Benefit (CIB)
  • -In case of diagnosis of any of the listed Critical Illnesses, Sum Assured chosen for Critical Illness benefit is payable
    -In case of Minor CI other than Angioplasty, 25% of the CIB will be payable
    -For Angioplasty, lower of 5 lakhs or 25% of CIB, will be payable
    -A maximum of four (4) Minor CI including Angioplasty claims will be payable during the CIB cover period
    -For Major CI, 100% of CIB will be payable

    The total claims paid under Minor and Major CI will not be more than 100% of CIB. If CIBs have been paid for four (4) Minor CIs including Angioplasty during cover period, no CIB will be payable for any future Minor CI. Any remaining CI Sum Assured shall be payable on the occurrence of a Major CI. Once claim is paid for Minor CI (including Angioplasty), no future claim will be paid for the same Minor CI. The remaining CIB will continue for all listed CI’s excluding the Minor CI for which the claim has already been paid.

  • Waiver of Premium Benefit on CI (incl. ATPD) (WOPB-I) Benefit
  • On occurrence of fourth (4th) Minor CI or on the date of occurrence of the first (1st) Major CI (incl. ATPD), whichever is earlier, all future premiums due under the policy will be waived and WOPB-I cover will terminate immediately and automatically.

Note

  • The variant/Add-on Covers can be chosen only at inception and cannot be altered during the term of the Policy.
  • 3 Life Cover is the Sum Assured on Death which is -
    • for RP / LP - Sum Assured on Death is defined as higher of (a) 10 times Annualized Premium4, (b) 105% of total premiums paid* till date of death, (c) Sum Assured
    • for SP - Sum Assured on Death is defined as higher of (a) 1.25 times Annualized Premium4, (b) Sum Assured,
  • 4 Annualized Premium is the total premium/s payable in a policy year for a LP & RP and the single premium for an SP. The annualized premium is exclusive of extra premium, add-on covers and loadings for modal premiums, if any, and Total Premiums paid shall be equal to (Annualized Premium * number of years for which premiums have been paid). Please note that GST/any other applicable tax levied, subject to changes in tax laws, will be collected over and above the premium under the policy.
  • Add-on Covers will only be applicable, subject to the conditions, exclusions, waiting period, cooling period & survival period as applicable and mentioned in this document
  • The Premium for this variant and add-on cover(s), except CIB & WOPB I, are guaranteed for the entire Policy term. The premiums for CIB & WOPB I are guaranteed for a period of 5 years and reviewable for subsequent cover periods
  • In case of a policy where WOPB has already been triggered and subsequently if any Add-on Covers become payable or in case of death, the present value of all future premiums w.r.t. the respective Variant and/or Add-on Covers will be added to the death benefit or Add-on cover benefit payable. The present value will be calculated at 6% per annum
  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Policy Benefits
Add Image Here

Our future plans and financial goals demand protection from twists and turns of life. A comprehensive term plan with competitive premium can be a perfect shield against financial stress caused by any life event.

Bajaj Allianz Life Smart Protect Goal is a complete term plan that is easy on your pocket and yet provides you an all-encompassing life cover. Multiple variants of the plan are designed to offer a customized solution to suit your unique needs. All in all, Bajaj Allianz Life Smart Protect Goal is a complete term plan with new-age features in line with your evolving needs.

Cover your spouse / additional cover for spouse:

This variant allows the life assured to add his/her spouse in the same policy

Waiver of Premium Benefit:

The future premiums are immediately and automatically waived off and the benefits under the policy will continue in case of the occurrence of a pre-specified event

Comprehensive cover:

Bajaj Allianz Life Smart Protect Goal offers a complete cover with multiple add-ons and carefully structured variants to meet your unique needs

Competitive premium:

Competitive premium with features in keeping with your requirements

Choose your Sum Assured

Choose your Add-on cover(s)

Choose your Policy Term

Choose your Premium Payment Term

Your premium will be based on your age, gender, smoker or non-smoker categorization, add-on covers and the above details.

Entry Age

Minimum age

18 years

Maximum age

65 years

Maturity Age

Maximum age at maturity

85 years

Sum Assured

Minimum Sum Assured

`50,00,000

Maximum Sum Assured

As per Board Approved Underwriting Guidelines

Policy Term (PT) & Premium Payment Term (PPT)

Premium Type for Variant

Minimum (in years)

Maximum (in years)

PT

PPT (Without WOPB)

PPT (With WOPB)

PT

PPT (Without WOPB)

PPT (With WOPB)

RP

5

5

5

85 minus Age at Entry

67

62

LP7

6

5

5

85 minus Age at Entry

30

30

SP

5

1

NA

40

1

NA

7For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers; subject to maximum PPT cessation age of 75 years.

Note:

· The cover period for WOPB will always be equal to WOPB Premium Payment Terms respectively

Benefit Under this Variant

  • Life Cover3 amount with respect to First Life Assured is payable on death of the First Life Assuredd
  • Life Cover3 amount with respect to Second Life Assured (Spouse) is payable on death of the Second Life Assured
  • If the Second Life Assured has pre-deceased the First Life Assured, the Policy will, immediately and automatically, terminate on the date of death of the First Life Assured
  • If the First Life Assured has pre-deceased the Second Life Assured, the Policy will, immediately and automatically, terminate on the date of death of the Second Life Assured

Add-on Cover Benefit

    You can choose the following Add-on cover –

    On occurrence of fourth (4th) Minor CI or on the date of occurrence of the first (1st) Major CI (incl. ATPD) or on the date of Death of the First Life Assured, whichever is earlier, all future premiums due under the policy will be waived and both WOPB-I & WOPB-II cover will terminate immediately and automatically

  • Waiver of Premium Benefit (WOPB I & WOPB II) Benefit)
    • Waiver of Premium Benefit on CI (incl. ATPD): WOPB I - On the date of diagnosis of fourth (4th) Minor CI or on the date of diagnosis of the first (1st) Major CI (incl. ATPD) whichever is earlier, on the First Life Assured, all future premiums due under the policy with respect to the First Life Assured will be waived and WOPB-I cover will terminate immediately and automatically
    • Waiver of Premium Benefit on CI (incl. ATPD) / Death: WOPB II - On the date of diagnosis of fourth (4th) Minor CI or on the date of diagnosis of the first (1st) Major CI (incl. ATPD) on the First Life Assured or on the date of Death of the First Life Assured, whichever is earlier during the WOPB cover period, all future premiums due with respect to the Second Life Assured under the policy will be waived and WOPB-II cover will terminate immediately and automatically.

Note

  • The variant and Add-on Cover can be chosen only at inception and cannot be altered during the term of the Policy.
  • 3Life Cover is the Sum Assured on Death which is
    • for RP / LP - Sum Assured on Death is defined as higher of (a) 10 times Annualized Premium4, (b) 105% of total premiums paid* till date of death, (c) Sum Assured,
    • for SP - Sum Assured on Death is defined as higher of (a) 1.25 times Annualized Premium4, (b) Sum Assured, 
  • 4Annualized Premium is the total premium/s payable in a policy year for a LP & RP and the single premium for an SP. The annualized premium is exclusive of extra premium, add-on covers and loadings for modal premiums, if any, and Total Premiums paid shall be equal to (Annualized Premium * number of years for which premiums have been paid). Please note that GST/any other applicable tax levied, subject to changes in tax laws, will be collected over and above the premium under the policy.
  • Under Joint Life Cover, the Annualized Premium & Total Premiums paid will be calculated with respect to each life – separately for first Life Assured and for his/her spouse. Maximum Sum Assured, Policy Term & Premium Payment Term allowed for second Life Assured shall not exceed the Sum Assured, Policy Term or Premium Payment Term of first Life Assured respectively
  • - Under "Joint Life", in case of death of the first Life Assured, the premium for second Life Assured will be recalculated as per the age, lifestyle category, policy term, premium payment term premium frequency and Sum Assured as at the inception of the policy
  • Add-on Cover will be only be applicable, subject to the conditions, exclusions, waiting period, cooling period & survival period as applicable and mentioned in this document
  • The Premium for this variant, is guaranteed for the entire Policy term.
  • The premiums for WOPB I & WOPB II are guaranteed for a period of 5 years and reviewable for subsequent cover periods
  • In case of a policy where WOPB has already been triggered and subsequently if any Life Cover become payable, the present value of all future premiums waived w.r.t. the respective Life Assured will be added to the death benefit payable. The present value will be calculated at 6% per annum
  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Policy Benefits
Add Image Here

Our future plans and financial goals demand protection from twists and turns of life. A comprehensive term plan with competitive premium can be a perfect shield against financial stress caused by any life event.

Bajaj Allianz Life Smart Protect Goal is a complete term plan that is easy on your pocket and yet provides you an all-encompassing life cover. Multiple variants of the plan are designed to offer a customized solution to suit your unique needs. All in all, Bajaj Allianz Life Smart Protect Goal is a complete term plan with new-age features in line with your evolving needs.

Automatic increase of life cover:

The life cover increases at every policy anniversary. The maximum sum assured can increase up to 200% of the base cover.

Waiver of Premium Benefit:

The future premiums are immediately and automatically waived off and the benefits under the policy will continue in case of the occurrence of a pre-specified event.

Comprehensive cover:

Bajaj Allianz Life Smart Protect Goal offers a complete cover with multiple add-ons and carefully structured variants to meet your unique needs

Competitive premium:

Competitive premium with features in keeping with your requirements.

Choose your Sum Assured

Choose your Add-on cover(s)

Choose your Policy Term

Choose your Premium Payment Term

Your premium will be based on your age, gender, smoker or non-smoker categorization, add-on covers and the above details

Entry Age

Minimum age

18 years

Maximum age

65 years

Maturity Age

Maximum age at maturity

85 years

Sum Assured

Minimum Sum Assured

`50,00,000

Maximum Sum Assured

As per Board Approved Underwriting Guidelines

Policy Term (PT) & Premium Payment Term (PPT)

Premium Type for Variant

Minimum (in years)

Maximum (in years)

PT

PPT (Without WOPB)

PPT (With WOPB)

PT

PPT (Without WOPB)

PPT (With WOPB)

RP

5

5

5

85 minus Age at Entry

67

62

LP7

6

5

5

85 minus Age at Entry

30

30

SP

5

1

NA

40

1

NA

7For Limited Premium, the PPTs available are 5, 10, 15, 20, 25, 30 years in all variants and add-on covers; subject to maximum PPT cessation age of 75 years.

Note - The cover period for WOPB will always be equal to WOPB Premium Payment Terms respectively

Benefit Under this Variant

  • Automatic increase of your Life Cover3 amount at every policy anniversary
  • The maximum sum assured due to such an increase during the policy term can be up to 200%
  • Percentage of such year on year increase can be 5%, 8% or 10% of the Sum Assured, as chosen by you at inception
  • Under this variant, in case of death of the Life Assured, Life Cover3. amount as on the date of death is payable

Add-on Cover Benefits

    You can also opt for any/all of the following Add-on covers –

  • Waiver of Premium Benefit on CI (incl. ATPD) (WOPB-I) Benefit
  • On occurrence of fourth (4th) Minor CI or on the date of occurrence of the first (1st) Major CI (incl. ATPD), whichever is earlier, all future premiums due under the policy will be waived and WOPB cover will terminate immediately and automatically..

Note -

  • The variant and add-on can be chosen only at inception and cannot be altered during the term of the Policy.
  • 3Life Cover is the Sum Assured on Death which is -
    • for RP / LP - Sum Assured on Death is defined as higher of (a) 10 times Annualized Premium4, (b) 105% of total premiums paid* till date of death, (c) Sum Assured,
    • for SP - Sum Assured on Death is defined as higher of (a) 1.25 times Annualized Premium4, (b) Sum Assured,
  • 4 Annualized Premium is the total premium/s payable in a policy year for a LP & RP and the single premium for an SP. The annualized premium is exclusive of extra premium, add-on covers and loadings for modal premiums, if any, and Total Premiums paid shall be equal to (Annualized Premium * number of years for which premiums have been paid). Please note that GST/any other applicable tax levied, subject to changes in tax laws, will be collected over and above the premium under the policy.
  • Add-on Cover will be only be applicable, subject to the conditions, exclusions, waiting period & survival period as applicable and mentioned in this document
  • The Premium for this variant is guaranteed for the entire Policy term. The premiums for WOPB is guaranteed for a period of 5 years and reviewable for subsequent cover periods
  • In case of a policy where WOPB has already been triggered and subsequently if any Life Cover become payable, the present value of all future premiums waived will be added to the death benefit payable. The present value will be calculated at 6% per annum

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Risk Factors and Warning Statements:

Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Smart Protect Goal are the names of the company and the product respectively and do not in any way indicate the quality of the product 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. Bajaj Allianz Life Smart Protect Goal - A Non Linked, Non Participating, Pure Life Term Insurance 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 | Fax No: 02066026789. Bajaj Allianz Life Smart Protect Goal (UIN: 116N163V03), 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.

3Discount is available for regular premium and limited premium payment frequency under all variants of this product.

2Above illustration is considering Male aged 25 years | Standard Life | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Medical rates | Annual Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

1Product feature/benefit mentioned above are dependent on variant

ADB- Accidental Death Benefit

ATPDB- Accidental Total Permanent Disability Benefit

CIB- Critical Illness Benefit

WOPB- Waiver of Premium Benefit

BJAZ-OT-EC-03192/22