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Bajaj Allianz Life POS Goal Suraksha

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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
Investment and savings to secure your family
  • Overview
  • Key Advantages
  • How this works
  • Eligibility
  • Downloads
  • Sample Illustration
  • Policy Benefits
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Savings Plan For Your Family Goals - 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, non-linked, life, individual, non-participating, limited premium payment, non-medical, POS savings plan that secures you and your family against all odds with a guaranteed sum at maturity.

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

Guaranteed* maturity benefit

 

 

 

*Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

Offers Guaranteed* Additions at maturity

 

 

 

*Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

Limited premium payment term

Option to take policy loan

Option to alter premium payment mode

  1. 1

    Choose your Premium amount

  2. `
  3. 2

    Sum Assured will be 10 times of the annualized premium

  4. `
  5. 3

    Choose your Policy Term (PT)

  6. `
  7. 4

    Choose your Premium Payment Term (PPT) from available options

  8. `

Entry Age

Minimum age is 0 year

On attaining the age of majority, i.e., 18 years, the Policy will vest on Life Assured

Maximum age is 55 years

Maturity Age

Minimum age of maturity 18 years

Maximum age of maturity 65 years

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

Policy Term

Premium Payment Term

10 years

7 years

12  years

6, 7, 8 years

15 years

5, 6, 7, 8, 10 & 12 years

20 years

5, 6, 7, 8, 10 & 12 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

Minimum Sum Assured is ₹ 30,000

Maximum Sum Assured is ₹ 25,00,000

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)
 

All ages mentioned above are age as on last birthday.

Subhash is 40 years old

User Profile

He is taking a Bajaj Allianz Life POS Goal Suraksha.

  • MATURITY & DEATH BENEFIT

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 Policy Term Death Benefit (`) Maturity Benefit (`)
Guaranteed Additions (A) (`) Guaranteed Sum Assured on Maturity (B) (`) Total Maturity Benefit
(A)+(B) (`)
` 5,000 ` 35,000 7 years 10 years ` 50,000 ` 50 ` 50,000 ` 50,050
` 10,000 ` 70,000 ` 1,00,000 ` 100 ` 100,000 ` 1,00,100
` 15,000 ` 1,05,000 ` 1,50,000 ` 150 ` 1,50,000 ` 1,50,150
` 25,000 ` 1,75,000 ` 2,50,000 ` 250 ` 2,50,000 ` 2,50,250
` 50,000 ` 3,50,000 ` 5,00,000 ` 500 ` 5,00,000 ` 5,00,500
` 5,000 ` 25,000 5 years 15 years ` 50,000 ` 2,050 ` 50,000 ` 52,050
` 10,000 ` 50,000 ` 1,00,000 ` 4,100 ` 1,00,000 ` 1,04,100
` 15,000 ` 75,000 ` 1,50,000 ` 6,150 ` 1,50,000 ` 1,56,150
` 25,000 ` 1,25,000 ` 2,50,000 ` 10,250 ` 2,50,000 ` 2,60,250
` 50,000 ` 2,50,000 ` 5,00,000 ` 20,500 ` 5,00,000 ` 5,20,500
` 5,000 ` 35,000 7 years 15 years ` 50,000 ` 19,050 ` 50,000 ` 69,050
` 10,000 ` 70,000 ` 1,00,000 ` 38,100 ` 100,000 ` 1,38,100
` 15,000 ` 1,05,000 ` 1,50,000 ` 57,150 ` 150,000 ` 2,07,150
` 25,000 ` 1,75,000 ` 2,50,000 ` 95,250 ` 2,50,000 ` 3,45,250
` 50,000 ` 3,50,000 ` 5,00,000 ` 1,90,500 ` 5,00,000 ` 6,90,500
` 5,000 ` 40,000 8 years 15 years ` 50,000 ` 27,700 ` 50,000 ` 77,700
` 10,000 ` 80,000 ` 1,00,000 ` 55,400 ` 1,00,000 ` 1,55,400
` 15,000 ` 1,20,000 ` 1,50,000 ` 83,100 ` 1,50,000 ` 2,33,100
` 25,000 ` 2,00,000 ` 2,50,000 ` 138,500 ` 2,50,000 ` 3,88,500
` 50,000 ` 4,00,000 ` 5,00,000 ` 277,000 ` 5,00,000 ` 7,77,000
` 5,000 ` 50,000 10 years 15 years ` 52,500 ` 41,250 ` 50,000 ` 91,250
` 10,000 ` 1,00,000 ` 1,05,000 ` 82,500 ` 1,00,000 ` 1,82,500
` 15,000 ` 1,50,000 ` 1,57,500 ` 1,23,750 ` 1,50,000 ` 2,73,750
` 25,000 ` 2,50,000 ` 2,62,500 ` 2,06,250 ` 2,50,000 ` 4,56,250
` 50,000 ` 5,00,000 ` 5,25,000 ` 4,12,500 ` 5,00,000 ` 9,12,500
` 5,000 ` 60,000 12 years 15 years ` 63,000 ` 54,800 ` 50,000 ` 1,04,800
` 10,000 ` 1,20,000 ` 1,26,000 ` 1,09,600 ` 1,00,000 ` 2,09,600
` 15,000 ` 1,80,000 ` 1,89,000 ` 1,64,400 ` 1,50,000 ` 3,14,400
` 25,000 ` 3,00,000 ` 3,15,000 ` 2,74,000 ` 2,50,000 ` 5,24,000
` 50,000 ` 6,00,000 ` 6,30,000 ` 5,48,000 ` 5,00,000 ` 10,48,000
` 5,000 ` 25,000 5 years 20 years ` 50,000 ` 21,100 ` 50,000 ` 71,100
` 10,000 ` 50,000 ` 1,00,000 ` 42,200 ` 1,00,000 ` 1,42,200
` 15,000 ` 75,000 ` 1,50,000 ` 63,300 ` 1,50,000 ` 2,13,300
` 25,000 ` 1,25,000 ` 2,50,000 ` 1,05,500 ` 2,50,000 ` 3,55,500
` 50,000 ` 2,50,000 ` 5,00,000 ` 2,11,000 ` 5,00,000 ` 7,11,000
` 5,000 ` 35,000 7 years 20 years ` 50,000 ` 43,350 ` 50,000 ` 93,350
` 10,000 ` 70,000 ` 1,00,000 ` 86,700 ` 1,00,000 ` 1,86,700
` 15,000 ` 1,05,000 ` 1,50,000 ` 1,30,050 ` 1,50,000 ` 2,80,050
` 25,000 ` 1,75,000 ` 2,50,000 ` 2,16,750 ` 2,50,000 ` 4,66,750
` 50,000 ` 3,50,000 ` 5,00,000 ` 433,500 ` 5,00,000 ` 9,33,500
` 5,000 ` 40,000 8 years 20 years ` 50,000 ` 56,400 ` 50,000 ` 1,06,400
` 10,000 ` 80,000 ` 1,00,000 ` 1,12,800 ` 1,00,000 ` 2,12,800
` 15,000 ` 1,20,000 ` 1,50,000 ` 1,69,200 ` 1,50,000 ` 3,19,200
` 25,000 ` 2,00,000 ` 2,50,000 ` 2,82,000 ` 2,50,000 ` 5,32,000
` 50,000 ` 4,00,000 ` 5,00,000 ` 5,64,000 ` 5,00,000 ` 10,64,000
` 5,000 ` 50,000 10 years 20 years ` 52,500 ` 76,950 ` 50,000 ` 1,26,950
` 10,000 ` 1,00,000 ` 1,05,000 ` 1,53,900 ` 1,00,000 ` 2,53,900
` 15,000 ` 1,50,000 ` 1,57,500 ` 2,30,850 ` 1,50,000 ` 3,80,850
` 25,000 ` 2,50,000 ` 2,62,500 ` 3,84,750 ` 250,000 ` 6,34,750
` 50,000 ` 5,00,000 ` 5,25,000 ` 7,69,500 ` 500,000 ` 12,69,500
` 5,000 ` 60,000 12 years 20 years ` 63,000 ` 89,100 ` 50,000 ` 1,39,100
` 10,000 ` 1,20,000 ` 1,26,000 ` 1,78,200 ` 1,00,000 ` 2,78,200
` 15,000 ` 1,80,000 ` 1,89,000 ` 2,67,300 ` 1,50,000 ` 4,17,300
` 25,000 ` 3,00,000 ` 3,15,000 ` 4,45,500 ` 2,50,000 ` 6,95,500
` 50,000 ` 6,00,000 ` 6,30,000 ` 8,91,000 ` 5,00,000 ` 13,91,000

1. The death benefit will be receivable by the nominee(s)/beneficiaries and demonstrated in the above illustration as death of Life Assured at the end of PPT

2. 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.

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.

Sum Assured on Death# will be higher of

  • 10 times of Annualized Premium*,
  • 105% of Total Premiums** paid as on date of death,
  • Sum Assured#,

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/any other applicable tax levied, subject to changes in tax laws.

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/any other applicable tax levied, subject to changes in tax laws, if any.

**Total Premiums paid is equal to (Annualized Premium * number of years for which premiums have been paid). Total premium is exclusive of rider premium, extra premium and GST & cess, if any. Please note that GST & cess will be collected over and above the premium under the policy.

#Guaranteed Sum Assured on Maturity and Sum Assured is 10 times the Annualized Premium

$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 –

Age Band (Age at Entry) GA as Multiple of one (1) Annualised Premium
PT–PPT: 10-7 PT–PPT: 12-6 PT–PPT: 12-7 PT–PPT: 12-8 PT–PPT: 15-5 PT–PPT:15-6 PT–PPT: 15-7 PT–PPT: 15-8
0 - 24 0.01 0.04 1.53 2.98 0.41 2.48 4.51 6.32
25 - 34 0.01 0.04 1.41 2.82 0.41 2.23 4.05 5.81
35 - 45 0.01 0.04 1.28 2.75 0.41 2.08 3.81 5.54
46 - 55 0.01 0.04 1.20 2.53 0.41 2.00 3.29 4.96
Age Band (Age at Entry) GA as Multiple of one (1) Annualised Premium
PT–PPT: 15-10 PT–PPT:15-12 PT–PPT: 20-5 PT–PPT: 20-6 PT–PPT: 20-7 PT–PPT: 20-8 PT–PPT: 20-10 PT–PPT: 20-12
0 - 24 9.50 12.48 5.07 7.55 9.88 12.55 17.08 20.57
25 - 34 8.77 11.59 4.35 6.53 9.07 11.66 15.95 18.86
35 - 45 8.25 10.96 4.22 6.38 8.67 11.28 15.39 17.82
46 - 55 7.99 10.63 NA NA NA NA NA NA

 

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

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Savings Plan For Your Family Goals - 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, non-linked, life, individual, non-participating, limited premium payment, non-medical, POS savings plan that secures you and your family against all odds with a guaranteed sum at maturity.

Goal Based Investment Planning For Family From Bajaj Allianz Life

Realise your Life Goals with a proper goal-based investment plan

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Life Insurance Glossary

Annualized Premium

“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.

Grace Period

“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.

Life Assured

“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.

Maturity Date

“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder

Nominee

“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document

Paid up Sum Assured on Death

“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.

Paid up Sum Assured on Maturity

If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.

Paid up Sum Assured

“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy

Policyholder

“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company

Rider Benefit

“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document

Rider Life Assured

“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider

Rider Premium

“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.

Rider Premium Paying Term

“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.

Rider Term

"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule

Sum Assured

“Sum Assured” is the amount as specified in the Schedule under the Policy.

Surrender Benefit

“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. For more details refer to the Policy Document

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*Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.