Goal Assure

Bajaj Allianz Life Flexi Income Goal A Non-Linked, Participating, Guaranteed Income Life Insurance Plan.

  • Flexibility to accumulate or receive Survival Benefits
  • Option to receive Cash Bonus if any from first month onwards
  • Equity exposure up to 40%*

Happy to contact you

Please select a option
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
  • Sample Illustration
  • Policy Benefits
Add Image Here

Flexi Income Goal - Tax Saving Investment Plan With Guaranteed Monthly Income Benefit

Every parent wants his/her child to get the best upbringing and education. At the time of cut-throat competition, you want your child to not just excel in his/her studies but also acquire other skills for overall personality development.

This is one Life goal, where the goalposts may keep shifting, and so will the financial needs to achieve those goals. Therefore parents need to invest in a plan that gives you the agility and liquidity to respond to the changing needs of your child – be it expenses incurred for tuition, extra classes, skill building or summer camp.

Bajaj Allianz Life Flexi Income Goal is an investment plan that offers protection along with liquidity and flexibility to meet the changing needs of your child. It offers flexibility to receive your policy benefits after the premium paying term, in a lump sum or as regular income.

Guranteeed Benefit at the end of the PPT

  • 50% of Sum Assured at end of PPT as Lumpsum
  • Choose to receive or to accumulate the Survival Benefits as Cash Value and earn Investment Return

 

Guaranteed Monthly Income (GMI)

This Plan ensures regular Monthly cash flow in the form of a Guaranteed Monthly Income once the premium paying term is over, till the end of the policy term or these GMIs can also be accumulated as Cash Value which will earn investment return. This Cash Value can be withdrawn anytime during the policy term. You also have the option to take GMI as annual installments which if opted, will be paid out at the end of each Policy year.

Equity exposure upto 40%

A part of the portfolio is invested in equities for higher bonuses, to be declared by the Company.

Limited premium paying terms

You pay the premium for a limited period of 5-12 years. The policy term will be 12 years more than the premium paying term or maximum of 25 years.

Joint life cover

One can cover his/her spouse in this plan spouse Sum Assured can range from 50% to 100% of your Sum Assured.

Enhance your coverage with riders

Option to choose among five rider options to expand the coverage at a nominal extra cost

Death benefit in installments

The nominee can choose to receive the death benefit in monthly installments over a period of five or ten years from the date of intimation of death.

Entry Age

Minimum Age at Entry 

 0 years

18 years (Joint Life)

Maximum Age at Entry

55 years

Maturity Age

Minimum age at maturity

18 years

Maximum age at maturity

80 years

Policy Term(PT)

Minimum

Premium Payment Term plus 12 years

Maximum

25 years

Guaranteed Monthly Income (GMI)

Minimum

PPT – (5 – 11) years

PPT – 12 years

` 1,100

` 1,400

Maximum

No Limit

Premium Payment Term

5 to 12 years

Annual Premium

Minimum

Maximum

As per minimum Sum Assured

As per the maximum Sum Assured

Minimum Sum Assured

PPT – (5 – 11) years

PPT – 12 years

` 1,58,400

` 2,01,600

Maximum Sum Assured

No limit

Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date.

Anuj, 30 years old

Anuj has taken a Bajaj Allianz Life Flexi Income Goal policy 

  • Maturity Benefit
  • Death Benefit

GMI of Rs. 4,430 from Year 13 till Year 24

  • future wealth gain maturity

Guaranteed Monthly Income

Monthly

Total

Assumed Investment Return @4%~

Assumed Investment Return @8%~

Assumed Investment Return @4%~

Assumed Investment Return @8%~
` 4,430 ` 6,37,920

50% of Sum Assured - Rs. 3,18,960

Maturity Benefit

Assumed Rate @4%~

Assumed Rate @8%~
100% of Sum Assured (`.) ` 6,37,920
Compound Reversionary Bonus, if any(`.) ` 98,487 ` 9,97,263
Terminal Bonus, if any(`.) ` Nil ` 4,59,302
Total(`.) ` 7,36,407 ` 20,94,485

Note -30 years Male, PT/PPT- 24/12, Sum Assured- ` 6,37,920, Annual Premium - ` 1,00,011, GMI or Guaranteed Benefit of 50% of SA is not accumulated

Premium shown above is exclusive of any extra Premium, rider Premium, Goods & Service tax/any other applicable tax levied, subject to changes in tax laws if any.

~The assured rate of retuns indicated at 4% and 8% are illustrative and not the guranteed and do not indicate the upper or lower limits of returns under the policy. The sum assuard amount and /or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions

Death Benefit

Age (years)

Death Benefit (Rs)

Assumed Investment Return of 4%~

Assumed Investment Return of 8%~

35

` 10,23,422

` 11,69,362

40

` 11,55,127

` 15,54,752

45

` 12,60,139

` 18,63,204

50

` 12,60,139

` 22,17,751

Premium shown above is exclusive of any extra Premium, rider Premium, Goods & Service tax/any other applicable tax levied, subject to changes in tax laws if any.

~The assured rate of retuns indicated at 4% and 8% are illustrative and not the guranteed and do not indicate the upper or lower limits of returns under the policy. The sum assuard amount and /or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions

Death Benefit is subject to policy terms and conditions

Maturity Benefit

Provided the Policy is in-force and the Life Assured is alive, as on the Maturity date, Guaranteed Benefit of 100% of Sum Assured plus Compound Reversionary Bonus (if any) plus Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid.

Death Benefit

If all due premiums are paid, then in case of unfortunate death of the life assured during the policy term, Sum Assured on Death# plus 105% of Cash Value (if not fully withdrawn) plus Compound Reversionary Bonus (if any) plus Terminal Bonus (if any) will be paid immediately as lump-sum. The Policy will terminate on the payment of full death benefit.

If you have opted for Joint Life Cover% at inception of the Policy, both you (primary life assured) and your spouse will have independent life cover (Sum Assured). Spouse Sum Assured can range from 50% to 100% of your Sum Assured. The death benefit in case of Joint Life Cover will be payable as below:

• Death of Primary Life Assured - If all due premiums are paid, then in case of unfortunate death during the policy term, Sum Assured on Death# plus 105% of Cash Value (if not fully withdrawn) plus Compound Reversionary Bonus (if any) plus Terminal Bonus (if any) will be paid immediately as lumpsum. The risk cover with respect to the primary life assured will terminate automatically on the date of death. However, t he Policy will continue with the life cover on the spouse and the future premiums will be paid by the Company

• Death of Spouse -If all due premiums are paid, then in case of unfortunate death during the policy term, Sum Assured will be paid immediately as lumpsum. The risk cover with respect to the spouse will terminate automatically on the date of death. However, the Policy will continue on the life of primary Life Assured, subject to payment of all due future premiums.

You or your nominee can opt to take the Sum Assured/Sum Assured on Death# in equal monthly installments over a period of 5 or 10 years from intimation of death as decided by you/your nominee, at the time of intimation of death.

%Primary Life Assured will have the option to discontinue the life cover (Sum Assured) on the spouse at any policy anniversary, during the PPT. The premium under the policy will be revised accordingly. Life Assured will not have an option to include the spouse again once he/she has exited the Policy

#  Sum Assured on Death is higher of the sum assured or 10 times of Annualized Premium* further  the death benefit will not be less than 105% of Total Premiums* paid.

* Annualized Premium is exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Total premium paid is total of regular premiums paid exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Both, the Annualized Premium and the Total Premiums paid, will be w.r.t. the life assured or primary life assured (in a joint life policy).

In Joint Life, there is no Maturity or Survival Benefit available to Spouse.

In case of simultaneous death of Primary Life Assured and Spouse, the Death Benefit as mentioned above will be paid and the policy will be terminated

Additional Rider Benefits

You and/or your spouse can enjoy extra coverage during the policy term by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Life Flexi Income Goal are:

 

Riders

UIN

1

Bajaj Allianz Accidental Death Benefit Rider 

116B034V02

2

Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider

116B036V02

3

Bajaj Allianz Critical Illness Benefit Rider

116B035V02

4

Bajaj Allianz Family Income Benefit Rider

116B037V02

5

Bajaj Allianz Waiver of Premium Benefit Rider

116B031V02

Please refer to respective rider sales literature or visit Company website or consult your 'Insurance Consultant' for more details and eligibility conditions

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

Every parent wants his/her child to get the best upbringing and education. At the time of cut-throat competition, you want your child to not just excel in his/her studies but also acquire other skills for overall personality development. 

This is one Life goal, where the goalposts may keep shifting, and so will the financial needs to achieve those goals. Therefore parents need to invest in a plan that gives you the agility and liquidity to respond to the changing needs of your child – be it expenses incurred for tuition, extra classes, skill building or summer camp. 

Bajaj Allianz Life Flexi Income Goal is an investment plan that offers protection along with liquidity and flexibility to meet the changing needs of your child. It offers flexibility to receive your policy benefits after the premium paying term, in a lump sum or as regular income.

Cash Bonus

You can opt to receive the cash bonus, if any from the first month or accumulate it as Cash Value and earn investment return. This can be withdrawn anytime during the policy term.

Guaranteed Monthly Income (GMI)

This Plan ensures regular Monthly cash flow in the form of a Guaranteed Monthly Income once the premium paying term is over, till the end of the policy term or these GMIs can also be accumulated as Cash Value which will earn investment return. This Cash Value can be withdrawn anytime during the policy term. You also have the option to take GMI as annual installments which if opted, will be paid out at the end of each Policy year.

Limited premium paying terms

You pay the premium for a limited period of 5-20 years. The policy term will be 12 years more than the premium paying term or of 80 minus Age at entry (subject to 50 years maximum)

Joint life cover

One can cover his/her spouse in this plan. Spouse Sum Assured can range from 50% to 100% of your Sum Assured.

Enhance your coverage with riders

Option to choose among five rider options to expand the coverage at a nominal extra cost

Death benefit in installments

Receive the death benefit in monthly installments, over a period equal to outstanding Policy Term or 12 years, whichever is lower, and the 1st installment will start from date of death

Entry Age

Minimum Age at Entry 

 0 years

18 years (Joint Life)

Maximum Age at Entry

55 years

Maturity Age

Minimum age at maturity

18 years

Maximum age at maturity

80 years

Policy Term(PT)

Minimum

Premium Payment Term plus 12 years

Maximum

80 minus Age at Entry (Subject to 50 years maximum)

Guaranteed Monthly Income (GMI)

Minimum

PPT – (5 – 11) years

PPT – (12 – 14) years

PPT – (15 – 19) years

PPT – 20 years

` 1,100

` 1,400

` 1,600

` 2,200

Maximum

No Limit

Premium Payment Term

5 to 20 years

Annual Premium

Minimum

Maximum

As per minimum Sum Assured

As per the maximum Sum Assured

Minimum Sum Assured

PPT – (5 – 11) years

PPT – (12 - 14) years

PPT – (15 – 19) years

PPT – 20 yeas

` 1,58,400

` 2,01,600

` 2,30,400

` 3,16,800

Maximum Sum Assured

No limit

Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date.

Anuj, 30 years old

Anuj is 30 years old and has taken a Bajaj Allianz Life Flexi Income Goal policy

,
  • Maturity Benefit
  • Death Benefit

GMI of Rs. 7,139 from Year 13 till Year 24

  • future wealth gain maturity benefit

Cash Bonus, if any

Yearly

Total

Assumed Investment Return @4%~

Assumed Investment Return @8%~

Assumed Investment Return @4%~

Assumed Investment Return @8%~

` 6,168

` 20,560

` 1,48,032

` 4,93,440

 

Guaranteed Monthly Income

Monthly

Total

Assumed Investment Return @4%~

Assumed Investment Return @8%~

Assumed Investment Return @4%~

Assumed Investment Return @8%~

` 7,139

` 10,28,016

 

Maturity Benefit

Assumed Rate @4%~

Assumed Rate @8%~

Maturity Booster (`.)

` 5,14,008

Terminal Bonus, if any(`.)

` Nil

` 3,70,086

Total(`.)

` 5,14,008

` 8,84,094

Note- 30 years Male, Sum Assured- Rs. 10,28,016, PT/PPT- 24 /12 years, Annual Premium -Rs. 1,00,003, CB & GMI not accumulated.

Premium shown above is exclusive of any extra Premium, rider Premium, Goods & Service tax/any other applicable tax levied, subject to changes in tax laws if any.

~The assured rate of retuns indicated at 4% and 8% are illustrative and not the guranteed and do not indicate the upper or lower limits of returns under the policy. The sum assuard amount and /or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions

Death Benefit

 

Age (years)

Death Benefit (Rs)

Assumed Investment Return of 4%~

Assumed Investment Return of 8%~

35

` 10,28,016

` 10,28,016

40

` 10,87,186

` 11,97,639

45

` 11,61,348

` 12,74,740

50

` 11,30,508

` 13,51,841

Premium shown above is exclusive of any extra Premium, rider Premium, Goods & Service tax/any other applicable tax levied, subject to changes in tax laws if any.

~The assured rate of retuns indicated at 4% and 8% are illustrative and not the guranteed and do not indicate the upper or lower limits of returns under the policy. The sum assuard amount and /or other benefit amount indicated, if any, is a non-guaranteed illustrative figure and is subject to policy terms and conditions

Death Benefit is subject to policy terms and conditions

Maturity Benefit

Provided the Policy is in-force and the Life Assured is alive, as on the Maturity date, Maturity Booster (50% of Sum Assured) plus Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid.

Death Benefit

If all due premiums are paid, then in case of unfortunate death of the life assured during the policy term,

  • 105% of Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid immediately as lump-sum

    and

  • Sum Assured on Death# will be paid as monthly income, over a period equal to outstanding Policy Term or 12 years, whichever is lower, and the 1st installment will start from date of death. However, your nominee can opt to take the death benefit in lumpsum, at the time of intimation of death.

The Policy will terminate on the payment of full death benefit

If you have opted for Joint Life Cover% at inception of the Policy, both you (primary life assured) and your spouse will have independent life cover (Sum Assured). Spouse Sum Assured can range from 50% to 100% of your Sum Assured. The death benefit in case of Joint Life Cover will be payable as below:

  • Death of Primary Life Assured - If all due premiums are paid, then, in case of unfortunate death during the policy term, (i) 105% of Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid immediately as lumpsum and (ii) Sum Assured on Death# will be paid as monthly income@, over a period equal to outstanding Policy Term or 12 years, whichever is lower, and the 1st installment will start from date of death. The risk cover with respect to the primary life assured will terminate automatically on the date of death. However, the  Policy will continue with the life cover on the spouse and the future premiums will be paid by the Company.

  • Death of Spouse - If all due premiums are paid, then in case of unfortunate death during the policy term, Sum Assured will be paid as monthly income@, over a period equal to outstanding Policy Term or 12 years, whichever is lower, and the 1st installment will start from date of death. The risk cover with respect to the spouse will terminate automatically on the date of death. However, the Policy will continue on the life of primary life assured, subject to payment of all due future premiums.

In case of simultaneous death of Primary Life Assured and Spouse, the Death Benefit as mentioned above will be paid and the policy will be terminated

@The Primary Life Assured or the nominee can opt to take the Sum Assured/Sum Assured on Death# as lumpsum instead of monthly income, at the time of intimation of death

%Primary Life Assured will have the option to discontinue the life cover (Sum Assured) on the spouse at any policy anniversary, during the PPT. The premium under the policy will be revised accordingly . Life Assured will not have an option to include the spouse again once he/she has exited the Policy

#Sum Assured on Death is higher of the sum assured or 10 times of Annualized Premium*, further the death benefit plus Cash Bonus paid out will not be less than 105% of Total Premiums* paid

*Annualized Premium is exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Total premium paid is the total of all regular premiums paid exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Both, the Annualized Premium and the Total Premiums paid, will be w.r.t. the life assured or primary life assured (in a joint life policy).

In Joint Life, there is no Maturity or Survival Benefit available to Spouse.

Additional Rider Benefits

You and/or your spouse can enjoy extra coverage during the policy term by choosing the optional additional rider benefits at a nominal extra cost. The riders available with Bajaj Allianz Life Flexi Income Goal are:

 

Riders

UIN

1

Bajaj Allianz Accidental Death Benefit Rider 

116B034V02

2

Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider

116B036V02

3

Bajaj Allianz Critical Illness Benefit Rider

116B035V02

4

Bajaj Allianz Family Income Benefit Rider

116B037V02

5

Bajaj Allianz Waiver of Premium Benefit Rider

116B031V02

Please refer to respective rider sales literature or visit Company website or consult your 'Insurance Consultant' for more details and eligibility conditions

  • About Us
  • Amongst ‘Top 75 most valuable Indian Brands 2020’1
  • One of the most Trusted Brand2
  • Claims Settlement Ratio 98.02%~
  • 1 Day Claim Approval7
  • Solvency ratio of 708%**
  • AAA (IS):Stable Rating by CARE$
  • Claim deposits via electronic transfer to make process faster
  • ` 70,295 Crore Total Assets Under Management (AUM)**
  • 3.44 Crore number of lives covered#
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

787% of non-investigative individual claims approved in one working day for FY 2019-20. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices

~Individual Claims Settlement Ratio for FY 2019-2020

**All figures as on 31 December, 2020

#Individual & Group

1 Report published by Kantar millward brown

2Survey conducted by brand equity – Nielsen in March 2020

$For details refer to press release published by CARE

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!

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.

* Product feature/benefit mentioned are dependent on variant chosen.

Risk Factors and Warning Statements:

Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Flexi Income 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 Flexi Income Goal is a Non Linked, Participating, Guaranteed Income Life Insurance Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us : customercare@bajajallianz.co.in, Fax No: 02066026789, Bajaj Allianz Life Flexi Income Goal (UIN: 116N162V01), 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.

BJAZ-O-4547/26-Nov-20