In this policy, the investment risk in investment portfolio is borne by the policy holder.

Goal Assure

Bajaj Allianz Life Goal Assure A Unit-linked Non-Participating Life Insurance Plan

  • Tax Saver3
  • Return of life cover charges at Maturity4
  • Choice of 4 Investment Portfolio Strategies

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  • Overview
  • Key Advantage
  • Eligibility
  • Downloads
  • How ULIPs works
  • Six Reasons to Invest
  • How This Works
  • Sample Illustration
  • Policy Benefits
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ULIP Plan For All Your Life Goals - Bajaj Allianz Life Goal Assure

We aspire to lead enriching and fulfilling lives. To travel, achieve success in our professional goals, create memories that last a lifetime and to live life to the fullest. All these demand prudent and smart financial planning not just to realize our life goals but to also create a safety net for that enviable peace of mind.

Bajaj Allianz Life Goal Assure is a non-participating, individual, life, Regular & Limited Premium Unit-Linked endowment plan.

Bajaj Allianz Life Goal Assure ULIP places your dreams and aspirations at the core of its investment philosophy. With the choice of eight funds and four investment strategies, it offers you an array of options to smoothen the path to your life goals.

Bajaj Allianz Life Goal Assure, a life goal based unit linked plan(ULIP) comes with Loyalty Additions1 payable from the sixth year and Fund Booster payable at maturity. It also returns the mortality (life cover) charges on Policy maturity thereby assuring you the maximized returns on your investment while offering protection from day one.

So, go on, make smart investment choices and plan that cruise vacation; retire early and purchase that dream home without a second thought.

1Loyalty additions are payable only for premium of Rs 5 lakhs and more and wherein the policy term is 10 years and more.

 

 

Return of Mortality Charge

A first-of-its-kind initiative where, we return the entire mortality charges or life cover charges, deducted throughout the policy term at the time of maturity.

Return Enhancer

Take death or maturity amount in instalments and continue to stay invested to further increase returns on your investments.

Flexibility to adapt in keeping with your life situation

Alter premium payment terms after the end of the 5th policy year and decrease sum assured as per your changing life circumstances.

Four portfolio strategies

Choose from four different investment strategies geared to help you meet your life goals based on your risk appetite and investment approach/philosophy.

Choice of eight funds

Eight funds to choose from to suit your investment needs.

Loyalty additions

Bajaj Allianz Life Goal Assure ULIP plan provides more value for staying invested by allocating a percentage of annualized premium from sixth year onwards. This feature is applicable only when annualized premium is more than `5 lakh and policy term is 10 years or more.

Fund Booster

Payable only when the policy term is 10 years or more, Fund Booster will be added to the regular premium fund value to enhance your returns from your investments.

Entry Age

Minimum age is 0 years

In case of minor life, the risk cover will commence immediately on date of commencement of Policy and the policy will vest on the attainment of majority (age 18 years)

Maximum age is 60 years

Maturity Age

Maximum age of maturity 75 years

Policy Term

5 / 10 / 15 / 20 years

Premium Payment Term (PPT)

Premium Paying Term

Policy term

5 years

5 years

5, 7 or 10 years

10 years

10 or 15 years

 15 years

15 or 20 years

 20 years

Minimum Premium (Modal Premium & Top-up)

Frequency

Premium (in `)

Yearly

` 36,000

Half-Yearly

` 18,000

Quarterly

` 9,000

Monthly

` 3,000

Top-up

` 5,000

Quarterly & Monthly Premium payment frequency will be available under auto-debit options as approved by RBI

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum Sum Assured

10 times Annualized Premium

Maximum Sum Assured

X * Annualized Premium, where X is based on age at entry and Policy term as mentioned below. For Annualized Premium of ` 36,000 to ` 4,99,999 :

Policy Term / Age at entry

0-35

36-40

41-44

45-50

51-60

5 & 10

10

15 & 20

15

15

15

10

For Annualized Premium of ` 5 Lakh & above :

Policy Term / Age at entry

0-35

36-40

41-44

45-50

51-60

5 & 10

10

15 & 20

20

20

20

10

Maximum & Minimum Sum Assured on Top up Premium

1.25 times Top-Up Premium

Age calculated is age at the last birthday

Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier

How do ULIPs work?

Unit linked Insurance plans are packed with the dual powers of Investment and Insurance.
Your ULIP's premium is split between generating returns and providing protection.

Other charges applicable are mortality charges, fund management charges and policy admin charges

Six Reasons to invest in Bajaj Allianz Life Goal Assure

Return Of Mortality Charges*

At the end of the policy term, on the date of maturity, the total amount of mortality charge deducted throughout the policy term w.r.t regular premium and top-up premium, if any, will be added back, respectively, into the Regular Premium Fund Value and into the Top up Fund Value, as applicable. This helps you to get more value for your investments & realize your life goals.
 

* If all premiums under the policy are paid up to date, the above will exclude any extra mortality charge and/or any GST w.r.t. mortality charge deducted. No ROMC will be available in a surrendered policy, a discontinued policy or a policy converted to paid-up.

4 Portfolio Strategies

You can choose from 4 portfolio strategies according to your investment style to accomplish your life goals.

Unlimited Fund Switches1

Invest as per your choice among the 8 funds available under Investor Selectable Portfolio strategy and switch between them without any tax liability.

1Minimum switching amount is ₹ 5,000 or the value of units held by the policyholder in the fund to be switched from, whichever is lower.

Life Cover To Protect Your Family

In case of death of the policyholder, if all due premiums are paid, the nominee receives the Higher of (Sum assured or Regular Premium Fund Value), plus Higher of (Top up Sum Assured or Top up Premium Fund Value). The above benefits will be payable as on date of intimation of death. This benefit is subject to a minimum guaranteed benefit of 105% of total premiums paid.

Tax Benefits#

This plan offers tax benefits at the time of investment as well as on maturity. Tax Benefit on investment up-to ` 150,000 can be claimed as a deduction under section 80C (life insurance). Under Section 10(10D), for ULIP's, where the premium payable to the sum assured does not exceed 10%, the amount received on partial withdrawal or maturity is exempt from tax.

#Subject to provisions as per Income Tax Act, 1961. Tax Laws are subject to change.

Get More Value For Staying Invested^

Get Loyalty Additions & Fund Boosters for paying premium regularly and staying invested.

^Subject to policy terms & conditions

In Bajaj Allianz Life Goal Assure, premium paid by you, are invested, as per your chosen portfolio strategy across the various applicable funds. The units are allocated at the prevailing Unit Price of the fund. The mortality charge and policy administration charge are deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price.

Alok, 35 years old

Alok is 35 years old and and has taken a Bajaj Allianz Life Goal Assure Policy for which he is paying a Premium of Rs. 50,000 p.a. for a payment term of 10 years with a Sum Assured of Rs. 5 Lakhs. He has chosen a Policy term of 15 years.  

  • Maturity Benefit
  • Death Benefit
  • Investment Strategy

To achieve his Life Goal, Alok invested ₹ 50,000 per year for 10 years

Policy Term: 10 years

  • Sample Illustration

On the maturity date, his maturity benefit, based on the assumed investment returns, are as per the table given below :

At Assumed Investment Return

Fund Booster
(in ₹)

Return of Mortality Charge
(in ₹)

Total Maturity Benefit (Fund Value)#
(in ₹)

@8%

20,000

2,166

9,70,742

@4%

20,000

2,499

6,50,581

#This illustration is considering investment in "Pure Stock fund II" and Goods & Service tax of 18%.

The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy. The benefit amount indicated is a non-guaranteed illustrative figure and is subject to policy terms and conditions.

In case of his unfortunate death in the 12th policy year, the death benefit, based on the assumed investment returns, are as per the table given below:

Policy Term: 15 years

  • Goal Assure

At Assumed Investment Return

Death Benefit# (in ₹)

@8%

` 7,90,919

@4%

` 5,87,241

 


The death benefit is subject to the guaranteed benefit, which is 105% of the total premiums paid, till the date of death.

#This illustration is considering investment in "Pure Stock fund II" and Goods & Service tax of 18%.

The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy. The benefit amount indicated is a non-guaranteed illustrative figure and is subject to policy terms and conditions.

Neha has four investment strategies to choose from:

Investor selectable portfolio strategy

Policyholder can allocate the premiums based on his/her personal choice among the 8 funds & to suit his/her investment needs. Please refer to Sales literature available on our website for more details.

Wheel of life portfolio strategy

At different Life stages, everyone has different financial goals and therefore the investment strategy needs to be realigned to the same. Once this portfolio is chosen, basis years to maturity the premium paid and the fund value will be allocated to various funds (namely Bluechip Equity Fund, Equity Growth Fund II, Accelerator Mid-Cap Fund II, Bond Fund & Liquid Fund) in the proportion depending on the outstanding years to maturity. Please refer to Sales literature available on our website for more details.

Trigger based portfolio strategy

This portfolio strategy is helpful in securing the gains and maintaining the asset allocation. One can opt for this strategy at the commencement of the policy only. Premiums will be allocated in two funds Equity Growth Fund II (an equity oriented fund) & Bond Fund (a debt oriented fund) at 75:25 ratio and the same will be re-balanced/re-allocated based on a pre-defined trigger event (15% upward movement in NAV (unit price) of Equity Growth Fund II) since the previous rebalancing or from the NAV (unit price) at the inception of the policy, whichever is later. On the occurrence of trigger event, the fund value in Equity Growth Fund II which is in excess of three times the fund in Bond Fund will be considered as gains and will be switched to Liquid Fund by redemption of units from Equity Growth Fund II. Please refer to Sales literature available on our website for more details.

Auto transfer portfolio strategy

This portfolio strategy helps the policyholder to invest his/her money in a systematic manner over the years by automatically transferring it every month, from a low risk fund to fund (s) of his/her choice. The proportion to be switched will depend upon the number of outstanding months till the next premium due date. The strategy will not be available if the policyholder has opted for monthly mode. Please refer to Sales literature available on our website for more details.

Maturity Benefit

Under Bajaj Allianz Life Goal Assure, the maturity benefit will be the Regular Premium Fund Value plus Top-up Premium Fund Value as on the maturity date, provided the policy is in-force.

Death Benefit

If all due Premiums are paid, then, in case of unfortunate death of the Life Assured during the Policy term, the Death Benefit payable will be:

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

    • plus

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

The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the total premiums* paid, till the date of death.

* Total premiums paid shall be sum of all Regular/Limited and Top-up Premiums paid till date.

All the above is paid as on date of receipt of intimation of death at the Company’s office.

Note:

% The Benefit shall be reduced to the extent of the partial withdrawals made from the Regular/Limited premium fund during the two (2) year period immediately preceding the death of the Life Assured

Return of Mortality Charge (ROMC)

At the end of the policy term, on the maturity date, the total amount of mortality charges deducted in respect of life cover provided throughout the policy term, will be added back as ROMC, to the Regular Premium Fund Value and Top-up Premium Fund Value, as applicable. ROMC is not applicable in case of a Surrendered, Discontinued or Paid-up policy and will be payable provided all due Regular Premiums under the policy have been paid up to date.

Note:
  • Amount of mortality charge will be allocated to the fund(s) in the same proportion of the Fund Value as on the maturity date
  • ROMC will be excluding any extra mortality charge & or Goods & Service Tax/any other applicable tax levied on the mortality charge deducted, subject to changes in tax laws.

Fund Booster

On the maturity date, Fund Booster will be added to the Regular Premium Fund Value, provided all due Regular Premiums have been paid up to the date. The Fund Booster (as % of one Annualized Premium) are as below

Policy Term

Fund Booster (% of one Annualized Premium)2

5 years

Not Applicable

10 years

20%

15 years

40%

20 years

60%

2 Fund Booster is based on Annualized Premium chosen at inception of the Policy

  • The Fund Booster will be allocated in funds in the same proportion of the Fund Value as at the date of addition.
  • Fund Booster is payable only for policies where the Policy term is 10 years & above
  • There will not be any Fund Booster for Top-up Premium paid. Fund Booster will not be paid for Surrendered, Discontinued or Policy converted to Paid-up Policy

Loyalty Additions

The Company shall allocate Loyalty Additions to the Regular Premium Fund Value as percentage of one Annualized Premium from the 6th year onwards, provided all due Regular Premiums have been paid up to date. The Loyalty Additions are below:

Policy Term

Loyalty Additions (% of one Annualized Premium)1

5 years

Not Applicable

10 years

0.50%

15 years

1%

20 years

1.5%

1Loyalty Additions are based on Prevailing Annualized Premium as on date of attachment of the Loyalty Addition

  • Loyalty additions are payable only for policies where the Annualized Premium chosen at inception is Rs  ` 5 Lakhs & above and wherein the Policy term is 10 years & above. Loyalty additions is not payable for Annualized Premium chosen at inception is below  ` 5 Lakhs or where the Policy term under the Policy is 5 years
  • In case the Premium(s) are un-paid and the Policy is revived during the revival period by paying all due Premiums, the Loyalty Additions due-but-not-allotted during the period the Policy was in Discontinuance will be added to the Fund as on the date of revival.
  • Amount of Loyalty Additions will be allocated in Funds in the same proportion of the Fund Value as at the date of addition.

Note:

Loyalty Additions will not be applicable for Top-up Premium paid.

Loyalty Additions will not be paid for a Surrendered, Discontinued or Policy converted to Paid-up Policy.

  • About Us
  • Amongst ‘Top 75 most valuable Indian Brands 2020’1
  • One of the most Trusted Brand2
  • Claims Settlement Ratio 99.02%~
  • 1 Day Claim Approval7
  • Solvency ratio of 581%^
  • AAA (IS):Stable Rating by CARE$
  • ` 85,623 Crore Total Assets Under Management (AUM)**
  • 2.87 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.

~Individual Claims Settlement Ratio for FY 2021-2022

**All figures as on 31 March 2022

^Solvency ratio 581% as at 31 March 2022 against IRDAI mandated 150%

#Individual & Group

1 Report published by Kantar millward brown

2Survey conducted by brand equity – Nielsen in March 2020

795.49% of non-investigative individual claims approved in one working day for FY 2021-22. 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

$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.

3Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

4Return of life cover charges = return of mortality charges (ROMC) which is payable on maturity, provided all due premiums have been paid.

Risk Factors and Warning Statements:

Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Goal Assure 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. Unlike traditional products, Bajaj Allianz Life Goal Assure is a Unit Linked Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. 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. 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 Goal Assure - A Unit-Linked Non-Participating Life Insurance Plan (UIN: 116L153V03), 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-OT-EC-00554/22.