Claim Settlement Ratio of 99.23%~

Bajaj Allianz Life Guaranteed Saving Goal

A Non-Linked, Non-Participating, Life Insurance, Endowment Plan

Guaranteed^Maturity benefit with Guaranteed^ Enhancer
Single premium payment Term
Sum Assured Securing Life Goals
Tax Benefit u/s 80C & 10(10D) @
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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

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  • Sample Illustration

We all plan for our Life Goals which we want to achieve in 10 years, 7 years and some in 5 years. Most investment plans require a continued commitment over a long tenure but with Bajaj Allianz Life Guaranteed Savings Goal, our non-participating endowment plan, you just have to pay once to achieve your guaranteed Life Goals.

A guaranteed future helps us to live our current moments to the maximum and when this guarantee is about your Life Goals life is simple.

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Guaranteed Maturity Benefit

Maturity amount will be guaranteed from the beginning so you can plan for your Life Goal with certainty.

Guaranteed Enhancer

The guaranteed maturity benefit will be based on your age, chosen Sum Assured Option, Policy Term & Premium Paid along with other variable factors. For policies sourced through Online Channel, the Additional Guaranteed Enhancer% will also be applicable.

Single Premium

You just have to pay premium once and have the guarantee of achieving your Life Goals.

Multiple Policy Terms

Choose from multiple policy term options ranging from medium to long term depending on your Life Goal.

Two Sum Assured Options

Option to choose between high or low sum assured to maximise cover or enhance returns.

Loan against the Policy

You can avail loan during the policy term if the policy has acquired a surrender value.

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Choose your Single Premium amount

Choose your Policy Term (Policy Term and Premium Payment Term are equal under this product)

Choose your Sum Assured Option

Get your Guaranteed Maturity Benefit based on your Age, chosen Sum Assured option, Policy Term & Single Premium paid

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Sum Assured

 

Sum Assured

1.5 times Single Premium

 

Enhanced Sum Assured

10 times the Single Premium

(For policies purchased through POS channel, the maximum Sum Assured/Enhanced Sum Assured will be as per prevailing POS guidelines, as amended from time to time)

Entry Age

 

Sum Assured option

Single Premium Band (Rs)

PT – 5 years

PT – 7 years

PT - 10 years

Minimum Entry Age Sum Assured For all Premium Bands 13 years 11 years 8 years
Enhanced Sum Assured Not available 11 years 8 years
Maximum Entry Age Sum Assured For all Premium Bands 60 years
Enhanced Sum Assured ₹25,000 – ₹49,999 Not available 35 years 37 years
₹50,000 – ₹99,999 38 years 39 years
₹1,00,000 –₹4,99,999 45 years 46 years
₹5,00,000 & Above 46 years 47 years

Maturity Age

 

Minimum Maturity age

18 years

 

Maximum Maturity age

Sum Assured

70 years

(For policies purchased through POS channel, the maximum Age at Maturity will be as per prevailing POS guidelines, as amended from time to time)

 

Enhanced Sum Assured

57 years

 

Policy Term


5, 7 & 10 years

Premium Payment Term (PPT)

 

Single Pay

Premium Amount

 

Minimum Premium

₹25,000

 

Maximum Premium

As per Board Approved Underwriting Policy

Age calculated is Age as at the last birthday. Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) or on maturity date

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Brochure

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Policy Document

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Product Presentation

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Guaranteed Maturity Benefit

On survival of the Life Assured till the end of the Policy Term, provided the Policy is in force, Single Premium x Guaranteed Enhancer (GE %), will be payable.

The Guaranteed Enhancer percentage will be based on your Age, chosen Sum Assured option, Policy Term & Single Premium paid. For female lives, the Guaranteed Maturity Benefit will be calculated by applying GE percentage with an age setback of 3 years

For more details please refer to sales brochure

Death Benefit

At policy inception, you can choose from the below two Sum Assured options –

  • Enhanced Sum Assured – 10 times of the Single Premium

  • Sum Assured – 1.5 times of the Single Premium

Depending upon the sum assured option chosen at the inception of the policy, (Sum Assured - 1.5 times of Single Premium or Enhanced Sum Assured - 10 times of Single Premium), in the unfortunate event of Death of Life Assured during the Policy Term, provided the Policy is in force, the Sum Assured on Death will be paid.

Sum Assured on Death will be higher of:

  • Sum Assured or Enhanced Sum Assured as chosen1

  • Guaranteed Maturity Benefit

1Sum Assured option has to be opted at inception only and cannot be changed during the Policy Term. Guaranteed Sum Assured on Maturity is equal to the Single Premium paid. Single Premium paid in the policy is excluding extra premium, if any and GST/ any other applicable tax levied, subject to changes in tax laws. Please note that GST/ any other applicable tax levied, subject to changes in tax laws will be collected over and above the single premium under the policy.

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  • Maturity Benefit

He is taking a Bajaj Allianz Life Guaranteed Saving Goal.

Mr Srinivas

For Single Premium of Rs 5,00,000, the benefits are as mentioned below:

Age (Male)

Sum Assured option 

Maturity Benefit

Policy Term - 5 years

Policy Term - 7 years

Policy Term - 10 years

25 years 7,50,000
(For 1.5 times SP)
 6,53,850  7,50,200  9,26,600
30 years  6,53,750  7,50,100  9,26,300
35 years  6,53,600  7,49,900  9,25,550
40 years  6,53,200  7,49,400  9,23,950
25 years 50,00,000
(For 10 times of SP)
 6,32,300  7,16,300  8,73,350
30 years  6,30,750  7,13,450  8,67,300
35 years  6,26,600  7,06,400  8,53,200
40 years  6,17,850  6,91,500  8,23,750

- The death benefit will be receivable by the nominee(s)/beneficiaries.

- The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws.

Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹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 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
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Disclaimers:
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^ The Guaranteed benefits are dependant on the policy terms, sum assured, premium and age along with other variable factors . For more details please refer to sales brochure.

1 Sum Assured options: Sum Assured 1.5 times of Single Premium or Enhanced Sum Assured - 10 times of Single Premium

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

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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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