IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER.

Bajaj Allianz Life Goal Based Saving II

A Unit-linked Non-Participating Individual Life Savings Insurance Plan

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Choice of regular, limited and single premium payment option
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Additional premium allocation* of up to 3% of each modal Premium paid by you in the first policy year
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Return of mortality charges at maturity (ROMC) in case of Regular / Limited Premium policies
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Option to make partial withdrawals from the funds
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  • Regular/Limited Premium Option

  • Single Premium Option

  • Overview

  • Key Advantages

  • How ULIPs Work

  • Eligibility

  • Downloads

  • Policy Benefits

  • Sample Illustration

Bajaj Allianz Life Goal Based Saving II, a unit-linked plan designed to offer wealth accumulation through market-linked returns and protection against uncertainties in life. The plan is loaded with features like - up to 103% allocation* of Premium in the first year, up to 125% Return of Life Cover charges, choice of wide range of 15 funds and option to take death or maturity in instalments to make the most of your savings.

*Including Additional Allocation. Please refer to the Additional Allocation section

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Additional Allocation*

Additional premium allocation of up to 3% of each modal Premium paid by you in the first policy year

*Please refer to the Additional Allocation section

Return of Mortality charges

Up to 125% of Return of mortality charges at maturity (ROMC)

Wide range of funds

Choose from a wide range of Fifteen (15) diverse funds with unlimited free switching

Charges

No premium allocation or policy administration charge, you’ll only incur fund management charge and mortality charge for life cover

Liquidity

Easy liquidity through partial withdrawal after 5 policy years

Settlement Option With Return Enhancer

Option to take maturity benefit or death benefit in instalments with Return Enhancer

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How do ULIPs work?
In Bajaj Allianz Life Goal Based Saving II, Premiums paid by you, are saved, as per your chosen portfolio strategy across the various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the Fund. The Mortality charge is deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price/NAV.
Selelct Symbol
Select a ULIP

Pay The Premium Symbol
Pay the premium

Look At Appropriate Channel Symbol
Applicable charges levied

Invest Symbol
Net investable premium

Money Investment Symbol
Your money is invested in fund choosen by you

Returns Accrued Symbol
Returns accured in the policy fund value

Entry Age

Plus Symbol

Minimum age is 0 years

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

Maximum age is 60 years

Maturity Age

Plus Symbol

Minimum age at maturity

18 years

Maximum age at maturity

75 years

Policy Term

Plus Symbol

10 / 15 / 20 Years

Premium Payment Term (PPT)

Plus Symbol

PT (in years)

10

15

20

PPT( in years)

5,7,10

5,7,10,15

5,7,10,15

Minimum Premium ( Regular/Limited Premium & Top-up)

Plus Symbol

Frequency

Premium (in ₹)

Yearly

₹ 12,000

Half-Yearly

₹ 6,000

Quarterly

₹ 3,000

Monthly

₹ 1,000

Top-up

₹ 5,000

Maximum Premium

Plus Symbol

As per the Maximum Sum Assured and Board approved Underwriting Policy (BAUP)

Premium Payment Frequency

Plus Symbol

Yearly, Half-yearly, Quarterly and Monthly

Minimum & Maximum Sum Assured

Plus Symbol

Premium Paying Option

Minimum Sum Assured

Maximum Sum Assured4

Limited pay

7 Times Annualized Premium

10 Times Annualized Premium

Regular pay

7 Times Annualized Premium

10 Times Annualized Premium

Top up Premium

1.25 Times Topup Premium

1.25 Times Topup Premium

4Maximum Sum Assured will be as per the board approved underwriting policy (BAUP)

Age calculated is age at the last birthday. 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 last birthday or maturity date. Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured option

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Brochure

Download

Policy Document

Download

Product Presentation

Download
Serial Number-1

Maturity Benefit

On maturity of the policy, you will receive the Fund Value$, if all due premiums are paid up to date. You will also have an option to receive the Maturity Benefit as lump-sum or as a systematic payout for a maximum of five years under Settlement Option

Note:

$Fund Value is

  • The sum total of Regular Premium Fund Value(1) and Top-Up Premium Fund Value(3) in limited or regular premium payment policies

  • The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(1)Regular Premium Fund Value is equal to the total Units in respect of regular/limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

Serial Number-2

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, Prevailing Sum Assured^ or Regular Premium(1)/Single Premium Fund Value(2)
  • plus

  • Higher of, Top-up Sum Assured or Top-up Premium Fund Value(3)

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

All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office. The risk cover will terminate on the date of intimation of death of the life assured.

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

-*Total premiums paid shall be sum of all regular/limited premiums and any Top-Up premiums paid till date.

-^Prevailing Sum Assured is Sum Assured in any year after the latest reduction of premium, if any. Also Sum Assured shall be reduced to the extent of the partial withdrawals made from the regular/single premium fund during the two (2) year period immediately preceding the date of death of the life assured.

Serial Number-3

Additional Allocation

During the first policy year:

  • In case of limited/regular premium payment policies, 3% of each modal Premium paid by you will be added to your Regular Premium Fund Value(1) at the time of allocation of each premium

Note:

i) The Additional Allocation will be added into each fund and will be as per the premium apportionment percentages as on the date of addition. Unit Price as on the date of addition will be used for the unitization.

ii) There will be no additional allocation with respect to any Top-Up premium paid.

iii)There will be no Additional Allocation in the 2nd policy year and thereafter.

Serial Number-4

Return of Mortality Charge (ROMC) - For Regular /Limited Premium Option Only

At the end of the policy term, on the maturity date, if all premiums under the policy are paid up to date, the total amount of all mortality charges deducted throughout the policy term

a. With respect to regular/limited premium, multiplied by a factor (dependent on premium band of the policy as mentioned below) will be added into the Regular Premium Fund Value (1) and

Annual Premium Less than 1.2L

100% of ROMC

Annual Premium 1.2L to less than 2.4L

110% of ROMC

Annual Premium equal to/ greater than 2.4L

125% of ROMC


b. With respect to Top-Up Premium, if any, 100% of all mortality charges deducted throughout the policy term will be added to the Top-Up Premium Fund Value(3).

i) The above will exclude any extra mortality charge and/or any GST with respect to mortality charge deducted.

ii) If the option to reduce Regular/Limited Premium is chosen at any time during the policy term, the factor as per the above table, used to arrive at the Return of Mortality charge amount, will be as based on the reduced Annualized Premium

iii) The Return of Mortality Charge (ROMC) will be added into each fund and will be in the same proportion of the Fund Value as on the date of addition. Unit Price as on the date of addition will be used for the unitisation.

iv) No ROMC will be available in a surrendered policy, a discontinued policy or a policy converted to paid-up.

v) Return of Mortality Charge is not available with respect to Single Premium or the Top-up Premiums, if any, paid in a single premium payment policy.

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  • Maturity Benefit
  • Death Benefit
  • Investment Strategy

Aman, a 35 years old Product Manager has invested in Bajaj Allianz Life Goal Based Saving II. He has invested a premium of Rs.6,00,000 p.a. for a premium paying term of 10 years. He has opted for a sum assured of Rs.60 Lakhs. He has chosen a Policy term of 15 years. The total premium paid by Aman is 60 Lakhs. Let's see the benefits available under the variant.

Pawan is 35 years old

To achieve his Life Goal, Aman invested ₹ 6,00,000 per year for 10 years

Policy Term: 15 years

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

At Assumed Return#

Additional Allocation (in ₹)

Return of Mortality Charge
(in ₹)

Total Maturity Benefit (Fund Value)
(in ₹)

@8%

18,000

31,607

1,16,52,061

@4%

18,000

36,242

77,44,423

# The above illustrations are considering investment is in the “Pure Stock Fund II”& Goods & Service tax of 18%

The benefit amount indicated is a non-guaranteed illustrative figure and is subject to Policy terms and conditions.

All the figures are in rupees. 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.

Aman, a 35 years old Product Manager has invested in Bajaj Allianz Life Goal Based Saving II. He has invested a premium of Rs.6,00,000 p.a. for a premium paying term of 10 years. He has opted for a sum assured of Rs.60 Lakhs. He has chosen a Policy term of 15 years. The total premium paid by Aman is 60 Lakhs. Let's see the benefits available under the variant.

Aman, 35 years old

In case of Aman's 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

At Assumed Return#

Death Benefit (in ₹)

@8%

₹ 96,59,183

@4%

₹ 71,75,306

 

# The above illustrations are considering investment is in the “Pure Stock Fund II”& Goods & Service tax of 18%


The benefit amount indicated is a non-guaranteed illustrative figure and is subject to Policy terms and conditions.


All the figures are in rupees. 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.

Aman, a 35 years old Product Manager has invested in Bajaj Allianz Life Goal Based Saving II. He has invested a premium of Rs.6,00,000 p.a. for a premium paying term of 10 years. He has opted for a sum assured of Rs.60 Lakhs. He has chosen a Policy term of 15 years. The total premium paid by Aman is 60 Lakhs. Let's see the benefits available under the variant.

Aman, 35 years old

Bajaj Allianz Life Goal Based Saving II provides you an opportunity to choose from fifteen (15) thoroughly curated funds to suit your investment needs. Under this strategy, you can choose to save your money in any of the funds in proportion of your choice.

  • Overview

  • Key Advantages

  • How Ulips Works

  • Eligibility

  • Downloads

  • Policy Benefits

Bajaj Allianz Life Goal Based Saving II, a unit-linked plan designed to offer wealth accumulation through market-linked returns and protection against uncertainties in life. The plan is loaded with features like - up to 103% allocation* of Premium in the first year, up to 125% Return of Life Cover charges, choice of wide range of 15 funds and option to take death or maturity in instalments to make the most of your savings.

*including Additional Allocation. Please refer to the Additional Allocation section

Close Button

Additional Allocation*

Additional premium allocation of up to 3% of each modal Premium paid by you in the first policy year

*Please refer to the Additional Allocation section

Wide range of funds

Choose from a wide range of Fifteen (15) diverse funds with unlimited free switching

Charges

No premium allocation or policy administration charge, you’ll only incur fund management charge and mortality charge for life cover

Liquidity

Easy liquidity through partial withdrawal after 5 policy years

Settlement option with return enhancer

Option to take maturity benefit or death benefit in instalments with Return Enhancer

Close Button
How do ULIPs work?
In Bajaj Allianz Life Goal Based Saving II, Premiums paid by you, are saved, as per your chosen portfolio strategy across the various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the Fund. The Mortality charge is deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price/NAV.
Selelct Symbol
Select a ULIP

Pay The Premium Symbol
Pay the premium

Look At Appropriate Channel Symbol
Applicable charges levied

Net investable premium
Net investable premium

Money Investment Symbol
Your money is invested in fund choosen by you

Returns Accrued Symbol
Returns accured in the policy fund value

Entry Age

Plus Symbol

Minimum age is 3 years

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

Maximum age is 60 years

Maturity Age

Plus Symbol

Minimum age at maturity

18 years

Maximum age at maturity

75 years

Policy Term

Plus Symbol

10 / 15 / 20 Years

Premium Payment Term (PPT)

Plus Symbol

Premium Paying Option

Premium Paying Term

Policy Term (in years)

Single pay

Single Premium (SP)

10/15/20 years

Minimum Premium ( Regular/Limited Premium & Top-up)

Plus Symbol

Single Premium

₹ 1,20,000

Top up Premium

₹ 5,000

Frequency

Single

Maximum Premium

Plus Symbol

As per the Maximum Sum Assured and Board approved Underwriting Policy (BAUP)

Premium Payment Frequency

Plus Symbol

Single

Minimum and Maximum Sum Assured

Plus Symbol

Premium Payment Option  

Minimum

Maximum

Single pay

1.25 Times Single Premium

1.25 Times Single Premium

Top up Premium

1.25 times Top-up Premium

1.25 times Topup Premium

Age calculated is age at the last birthday.Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policyPrevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured option
Close Button

Brochure

Download

Policy Document

Download

Product Presentation

Download
Serial Number-1

Maturity Benefit

On maturity of the policy, you will receive the Fund Value$, if all due premiums are paid up to date. You will also have an option to receive the Maturity Benefit as lump-sum or as a systematic payout for a maximum of five years under Settlement Option

Note:

$Fund Value is

  • The sum total of Regular Premium Fund Value(1) and Top-Up Premium Fund Value(3) in limited or regular premium payment policies

  • The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(1)Regular Premium Fund Value is equal to the total Units in respect of regular/limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

Serial Number-2

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, Prevailing Sum Assured^ or Regular Premium(1)/Single Premium Fund Value(2)

plus

  • -Higher of, Top-up Sum Assured or Top-up Premium Fund Value(3)

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

All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office. The risk cover will terminate on the date of intimation of death of the life assured.

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

*Total premiums paid shall be
- For single premium payment, sum of single premium and any Top-Up premiums paid till date

^Prevailing Sum Assured is Sum Assured in any year after the latest reduction of premium, if any. Also Sum Assured shall be reduced to the extent of the partial withdrawals made from the regular/single premium fund during the two (2) year period immediately preceding the date of death of the life assured.

Serial Number-3

Additional Allocation

During the first policy year:

  • -In case of single premium policies, 1% of Single Premium by you will be added to the Single Premium Fund Value(2) at the time of allocation of the single premium.

$Fund Value is

  • -The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

Note:

i) The Additional Allocation will be added into each fund and will be as per the premium apportionment percentages as on the date of addition. Unit Price as on the date of addition will be used for the unitization.

ii) There will be no additional allocation with respect to any Top-Up premium paid.

iii)There will be no Additional Allocation in the 2nd policy year and thereafter.

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024, %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 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**All figures as on 31 January, 2024, ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%, #Individual Group.1 Source: Bajaj Allianz Life Public Disclosure

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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

 

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