Investment and Savings to Secure Your Life Goals | Bajaj Allianz Life POS Goal Suraksha
Investment and savings to secure your family

Bajaj Allianz Life POS Goal Suraksha


A Non-Participating Non-linked Life Insurance Plan

  • Guaranteed maturity benefit
  • Offers Guaranteed Additions at maturity
  • Limited premium payment term
  • Option to take policy loan
  • Option to alter premium payment mode
 

Savings Plan For Your Family - Bajaj Allianz Life POS Goal Suraksha

Your family's security and its future well-being is one of the most treasured dreams in your life. But when Security is backed up by a guarantee, your dream can transform into an achievable GOAL. Presenting Bajaj Allianz Life POS Goal Suraksha, an easy to buy, nonlinked non-participating limited premium payment endowment plan that secures you and your family against all odds with a guaranteed sum at maturity.

Super Agent

Tax Benefits

Premium paid, maturity benefit, death benefit and surrender benefit may be eligible for tax benefits as per extant Income Tax Act, subject to the provision stated therein. You are requested to consult your tax consultant and obtain independent advice for eligibility and before claiming any benefit under the policy.

Key Features

    Bajaj Allianz Life POS Goal Suraksha is a non-linked, non-participating, limited premium payment, non-medical, POS endowment plan. The key advantages of this savings plan are :

  • Guaranteed maturity benefit
  • Offers Guaranteed Additions at maturity
  • Limited premium payment term
  • Option to take policy loan
  • Option to alter premium payment mode
How Does Your Plan Work

You can customize your policy to suit your requirement in the following manner:

  • 1step

    Choose your
    Premium amount

  • 2step

    Sum Assured will be 10 times of the
    annualized premium

  • 3step

    Choose your
    Policy Term (PT)

  • 4step

    Choose your
    Premium Payment Term (PPT) from available options

Am I Eligible?
  • Entry Age

    18 yearsMinimum

    55 yearsMaximum

  • Maturity Age

    28 yearsMinimum

    65 yearsMaximum

  • Policy Term (PT) & Premium Payment Term (PPT)

    Policy Term 10 years 15 years
    Premium Payment Term 7 years 5,7 & 10 years
  • Minimum Premium

    Mode Yearly Half-Yearly Quarterly* Monthly*
    Premium (₹) ₹ 3,000 ₹ 2,100 ₹ 1,250 ₹ 450
  • Maximum Premium

    As per Maximum Sum Assured

  • Sum Assured

    ₹ 30,000Minimum

    ₹ 10,00,000Maximum

  • Premium Payment Frequency

    Yearly, Half Yearly, Quarterly and Monthly

    *Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

Bajaj Allianz Life POS Goal Suraksha - UIN : 116N155V02

Policy Benefits and Features
  • Maturity Benefit

    On the maturity date, if all premiums are paid, the Guaranteed Sum Assured on Maturity plus Guaranteed Additions, under your policy, will be paid and the policy will terminate.

  • Death Benefit

    In case of unfortunate death of the Life Assured due to accident during the waiting period$ or in case of death of the Life Assured after the waiting period$ due to any cause, the death benefit is payable to the nominee(s)/beneficiaries. Such death benefit is stated as Sum Assured on Death# which is as below.

    The Sum Assured on Death# is the higher of:

    • 10 times of Annualized Premium*,
    • 105% of Total Premiums** paid as on date of death,
    • Sum Assured#,
    • Minimum Guaranteed Sum Assured in Maturity#OR
    • Any absolute amount assured to be paid on death^

    In case of death of the Life Assured during the Waiting period other than due to an accident, the death benefit payable to the nominee(s)/beneficiaries will be the 100% of Total Premiums** paid till date, excluding any extra premium & Goods & Service Tax, if any.

    The policy will terminate on payment of the death benefit.

    The death benefit is payable provided the policy is in-force and all due premiums have been paid.

  • *Annualized Premium is exclusive of extra premium, loadings for modal premiums and Goods & Service Tax, if any.
    **Total Premiums paid is equal to (Annualized Premium X number of years for which premiums have been paid)
    #Guaranteed Sum Assured on Maturity and Sum Assured is 10 times the Annualized Premium
    ^Any absolute amount assured to be paid on death is equal to the sum assured.
    $Waiting period is the first 90 days from the date of commencement of risk. Waiting period is not applicable in case of revival.

  • Guaranteed Additions

    On maturity date, if all due premiums have been paid, Guaranteed Additions as a multiple of one Annualized Premium will be paid along with the maturity benefit. The Guaranteed Additions payable are as per the table given below –

    GA as Multiple of one (1) Annualized Premium
    Age at Entry Policy Term / Premium Payment Term
    10 years / 7 years 15 years / 5 years 15 years / 7 years 15 years / 10 years
    18 – 24 years 0.71 1.28 4.71 9.43
    25 – 34 years 0.66 1.13 4.15 8.59
    35 – 45 years 0.61 1.05 3.88 8.04
    46 – 55 years 0.55 0.95 3.32 7.76

    Guaranteed additions will not be payable in case of a lapsed or paid-up policy.

Sample illustration
  • Subhash is 40 years old and is taking a Bajaj Allianz Life POS Goal Suraksha. The below table gives a illustration of different premium ticket size, policy term and premium payment term combinations along with the Death & Maturity Benefit which will be received by Subhash or his nominee(s) / beneficiaries as the case maybe.

    Annualized Premium Total Premium Paid Premium Payment Term
    (in years)
    Policy Term
    (in years)
    Death Benefit Maturity Benefit
    Guaranteed Additions (A) Guaranteed Maturity Benefit (B) Total Maturity Benefit
    (A)+(B)
    ₹ 5,000 ₹ 35,000 7 10 ₹ 50,000 ₹ 3,050 ₹ 50,000 ₹ 53,050
    ₹ 10,000 ₹ 70,000 ₹ 1,00,000 ₹ 6,100 ₹ 1,00,000 ₹ 1,06,100
    ₹ 15,000 ₹ 1,05,000 ₹ 1,50,000 ₹ 9,150 ₹ 1,50,000 ₹ 1,59,150
    ₹ 25,000 ₹ 1,75,000 ₹ 2,50,000 ₹ 15,250 ₹ 2,50,000 ₹ 2,65,250
    ₹ 50,000 ₹ 3,50,000 ₹ 5,00,000 ₹ 30,500 ₹ 5,00,000 ₹ 5,30,500
    ₹ 5,000 ₹ 25,000 5 15 ₹ 50,000 ₹ 5,250 ₹ 50,000 ₹ 55,250
    ₹ 10,000 ₹ 50,000 ₹ 1,00,000 ₹ 10,500 ₹ 1,00,000 ₹ 1,10,500
    ₹ 15,000 ₹ 75,000 ₹ 1,50,000 ₹ 15,750 ₹ 1,50,000 ₹ 1,65,750
    ₹ 25,000 ₹ 1,25,000 ₹ 2,50,000 ₹ 26,250 ₹ 2,50,000 ₹ 2,76,250
    ₹ 50,000 ₹ 2,50,000 ₹ 5,00,000 ₹ 52,500 ₹ 5,00,000 ₹ 5,52,500
    ₹ 5,000 ₹ 35,000 7 15 ₹ 50,000 ₹ 19,400 ₹ 50,000 ₹ 69,400
    ₹ 10,000 ₹ 70,000 ₹ 1,00,000 ₹ 38,800 ₹ 1,00,000 ₹ 1,38,800
    ₹ 15,000 ₹ 1,05,000 ₹ 1,50,000 ₹ 58,200 ₹ 1,50,000 ₹ 2,08,200
    ₹ 25,000 ₹ 1,75,000 ₹ 2,50,000 ₹ 97,000 ₹ 2,50,000 ₹ 3,47,000
    ₹ 50,000 ₹ 3,50,000 ₹ 5,00,000 ₹ 1,94,000 ₹ 5,00,000 ₹ 6,94,000
    ₹ 5,000 ₹ 50,000 10 15 ₹ 52,500 ₹ 40,200 ₹ 50,000 ₹ 90,200
    ₹ 10,000 ₹ 1,00,000 ₹ 1,05,000 ₹ 80,400 ₹ 1,00,000 ₹ 1,80,400
    ₹ 15,000 ₹ 1,50,000 ₹ 1,57,500 ₹ 1,20,600 ₹ 1,50,000 ₹ 2,70,600
    ₹ 25,000 ₹ 2,50,000 ₹ 2,62,500 ₹ 2,01,000 ₹ 2,50,000 ₹ 4,51,000
    ₹ 50,000 ₹ 5,00,000 ₹ 5,25,000 ₹ 4,02,000 ₹ 5,00,000 ₹ 9,02,000
For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

Disclaimer : 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) under either Fully or Partially Blocked category, any call made or SMS 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.

For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. 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 Service 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.

The returns as indicated in the Sales Illustration are only illustrative and they are not guaranteed. The illustrative 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.

The results displayed in the calculators are based on certain assumptions about the rates of return. 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.

^Guaranteed benefit includes Guaranteed maturity benefit & Guaranteed Additions at maturity provided all premiums are paid

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