Claim Settlement Ratio of 99.23%~

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Bajaj Allianz Life Guaranteed Savings Goal

A Non-Linked, Non-Participating, Individual Life Insurance, Savings Plan

Guaranteed^Maturity benefit with Guaranteed^ Enhancer
Single premium payment Term
Choice of two Sum Assured options1
Tax Benefit u/s 80C & 10(10D) @
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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

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  • Policy Benefits

A guaranteed future helps us to live our current moments to the maximum. An element of certainty through a single move could ensure accomplishing our Life Goals.

Presenting Bajaj Allianz Life Guaranteed Savings Goal a non-linked, non-participating, individual life insurance, savings plan which gives you a life cover to secure your family along with assurity of a lumpsum on maturity through a single premium.

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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 Option

 

Sum Assured:

Age at Entry

Sum Assured Multiple

Less than 50 years

1.25 times the Single Premium

50 years and above

1.10 times the 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

 

Minimum Age:

0 year

 

Maximum Age:

 

Sum Assured: 60 years

Enhanced Sum Assured:

Single Premium

< 1,00,000

>= 1,00,000

Age Attained

44 Years

50 Years 

Maturity Age

Minimum Maturity age

18 years

 

Maximum Maturity age

Sum Assured:

80 years(except POS)
65 years for POS

 

Enhanced Sum Assured

Single Premium

< 1,00,000

>= 1,00,000

All Channels except POS

64 Years

70 Years 

For POS channel

65 Years

Policy Term

 

5 to 20 year

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
- In case of POS products, the product shall be available without medicals
- The product is available for sale through online mode

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Brochure

Download

Policy Document

Download

Customer Information Sheet

Download

Guaranteed Maturity Benefit

On survival of the Life Assured till the end of the Policy Term, provided the Policy is in force, Single Premium * Guaranteed Enhancer (GE %), will be payable. The GE% 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 example, for a 40 years’ age female life, the GE percentage of a 37 years’ age male life, will be applicable.

You can refer to the GE% as mentioned in the annexure available on website.
For policies sourced through Online Channel, the Additional Guaranteed Enhancer% will also be applicable.

Death Benefit

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

a) Enhanced Sum Assured: 10 times of the Single Premium

b) Sum Assured:

Age at Entry

Sum Assured Multiple

Less than 50 years

1.25 times the Single Premium

50 years and above

1.10 times the Single Premium

Depending upon the option chosen, 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

Note:
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 GE% multiplied by Single Premium paid

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Why Bajaj Allianz Life Insurance ?

99.29%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,23,734 Cr
Assets Under Management (AUM)**
3.85 Cr
Number of Lives Covered#
359%
Solvency Ratio of 359%^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %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, 2025 | ^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | #Individual & Group as on 31 March, 2025

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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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Customer Speaks

Happy with the services
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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5
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I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
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5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5

Frequently Asked Questions

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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.

1Sum Assured options: Sum Assured – 1.25/1.10 times the Single Premium or Enhanced Sum Assured - 10 times of Single Premium

@ Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy

Bajaj Allianz Life Guaranteed Savings Goal (UIN- 116N158V04)

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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

 

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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

© Copyright 2023. Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI Public Notice on Spurious calls
Fraud Prevention Tips
Fraud Awareness Booklet
Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department
Contact Us

Sales: 1800-209-4040 (Toll Free) | Service: 1800-209-7272 (Toll free)

Email: customercare@bajajallianz.co.in

Registered Office Address

Bajaj Allianz House, Airport Road, 

Yerwada, Pune, Maharashtra - 411006

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© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

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.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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