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In this policy, the investment risk in investment portfolio is borne by the policy holder.

Bajaj Allianz Life Goal Assure A new age ULIP for Life Maximizers

Premium starts at

`3000 / month

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  • Tax Saver
  • Return of life cover charges
  • Choice of 4 investment strategies
  • Maturity in instalments
Bajaj Allianz Life Goal Assure
Male

Your investment details

Monthly
`
10 Years
10 Years

Your estimated returns##

  • `540525

  • `250425

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##The benefit amounts indicated are non-guaranteed illustrative figures and subject to policy terms and conditions and is considering investment in "Bond Fund" (SFIN: ULIF02610/07/06BONDFUNDLI116). The returns indicated at 4% and 8% are illustrative and do not indicate the upper or lower limits of returns under the policy. The returns generated are on the basis of the data inputted by you and is being provided to you solely for your reference purpose only. Please seek advice from your personal investment consultant before making any investment decisions.

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  • Performance
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  • How ULIPs works
  • Six Reasons to Invest
  • How This Works
  • Sample Illustration
  • Policy Benefits

Disclaimer: Returns are 5 year compounded annualised growth rate (CAGR) as on 20/02/2018 (DD/MM/YYYY).
Past performance is not indicative of future performance. Star rating is Morning Star Overall Rating as on April,2019.

Disclaimer: Returns up to 1 year are absolute and more than 1 year are compounded annualized growth rate (CAGR) as on 20/02/2018 (DD/MM/YYYY).
Past performance is not indicative of future performance. Star rating is Morning Star Overall Rating as on April,2019.

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ULIP Plan For All Your Life Goals - Bajaj Allianz Life Goal Assure

We aspire to lead enriching and fulfilling lives. To travel, achieve success in our professional goals, create memories that last a lifetime and to live life to the fullest. All these demand prudent and smart financial planning not just to realize our life goals but to also create a safety net for that enviable peace of mind.

Bajaj Allianz Life Goal Assure ULIP places your dreams and aspirations at the core of its investment philosophy. With the choice of eight funds and four investment strategies, it offers you an array of options to smoothen the path to your life goals.

Bajaj Allianz Life Goal Assure, a life goal based unit linked plan(ULIP) comes with Loyalty Additions1 payable from the sixth year and Fund Booster payable at maturity. It also returns the mortality (life cover) charges on policy maturity thereby assuring you the maximized returns on your investment while offering protection from day one.

So, go on, make smart investment choices and plan that cruise vacation; retire early and purchase that dream home without a second thought.

1Loyalty additions are payable only for premium of Rs 5 lakhs and more and wherein the policy term is 10 years and more.

 

 

Return of Mortality Charge

A first-of-its-kind initiative where, we return the entire mortality charges or life cover charges, deducted throughout the policy term at the time of maturity.

Return Enhancer

Take maturity amount in instalments and continue to stay invested to further increase returns on your investments.

Flexibility to adapt in keeping with your life situation

Alter premium payment terms after the end of the 5th policy year and decrease sum assured as per your changing life circumstances.

Four portfolio strategies

Choose from four different investment strategies geared to help you meet your life goals based on your risk appetite and investment approach/philosophy.

Choice of eight funds

Eight funds to choose from to suit your investment needs.

Loyalty additions

Bajaj Allianz Life Goal Assure ULIP plan provides more value for staying invested by allocating a percentage of annualized premium from sixth year onwards. This feature is applicable only when annualized premium is more than `5 lakh and policy term is 10 years or more.

Fund Booster

Payable only when the policy term is 10 years or more, Fund Booster will be added to the regular premium fund value to enhance your returns from your investments.

Entry Age

Minimum age is 0 years

Risk will commence immediately on issuance of policy. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years

Maximum age is 60 years

Maturity Age

Maximum age of maturity 75 years

Policy Term

5 / 10 / 15 / 20 years

Premium Payment Term (PPT)

Premium Paying Term

Policy term

5 years

5 years

5, 7 or 10 years

10 years

10 or 15 years

 15 years

15 or 20 years

 20 years

Minimum Premium (Modal Premium & Top-up)

Frequency

Premium (in `)

Yearly

` 36,000

Half-Yearly

` 18,000

Quarterly

` 9,000

Monthly

` 3,000

Top-up

` 5,000

Quarterly & Monthly premium payment frequency will be available under auto-debit options as approved by RBI

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum Sum Assured

Age

Higher of

Less than 45 years

10 times Annualized Premium

0.5 *policy term *Annualized Premium

Greater than or equal to 45 years

10 times Annualized Premium

0.25 *policy term *Annualized Premium

Maximum Sum Assured

X * Annualized Premium, where X is based on age at entry and Policy term as mentioned below. For Annualized Premium of ` 36,000 to ` 4,99,999 :

Policy Term / Age at entry

0-35

36-40

41-44

45-50

51-60

5 & 10

Higher of 10 times the Annualized Premium or 0.5*Policy Term* Annualized Premium

Higher of 10 times the Annualized Premium or 0.25*Policy Term* Annualized Premium

15 & 20

15

15

15

Higher of 10 times the Annualized Premium or 0.25*Policy Term* Annualized Premium


For Annualized Premium of ` 5 Lakh & above :

Policy Term / Age at entry

0-35

36-40

41-44

45-50

51-60

5 & 10

Higher of 10 times the Annualized Premium or 0.5*Policy Term* Annualized Premium

Higher of 10 times the Annualized Premium or 0.25*Policy Term* Annualized Premium

15 & 20

20

20

20

Higher of 10 times the Annualized Premium or 0.25*Policy Term* Annualized Premium

Maximum & Minimum Sum Assured on Top up Premium

Age

Top Up Sum Assured Multiplier

Less than 45 years

1.25 times

Greater than or equal to 45 years

1.10 times

Age calculated is age at the last birthday

How do ULIPs work?

Unit linked Insurance plans are packed with the dual powers of Investment and Insurance.
Your ULIP's premium is split between generating returns and providing protection.

Other charges applicable are mortality charges, fund management charges and policy admin charges

Six Reasons to invest in Bajaj Allianz Life Goal Assure

In Bajaj Allianz Life Goal Assure, premium paid by you, are invested, as per your chosen portfolio strategy across the various applicable funds. The units are allocated at the prevailing Unit Price of the fund. The mortality charge and policy administration charge are deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price.

Neha, 30 years old

She is married woman with one son, Rohan who is 3 years old. Her husband, Ravi runs a business of a retail shop. They have a family income of around ₹ 10 lacs p.a. Neha and Ravi are worried about the ups & downs in their business and their Life Goal is to build a kitty for their son, Rohan's education.

She starts investing ₹ 50,000 p.a. in Bajaj Allianz Life Goal Assure with a 15 year time horizon and Sum Assured of ₹ 5 lacs.

  • Maturity Benefit
  • Death Benefit
  • Investment Strategy

To achieve her Life Goal, Neha invested ₹ 50,000 per year for 15 years

Policy Term: 15 years

  • Sample Illustration

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

At Assumed Investment Return

Fund Booster
(in ₹)

Return of Mortality Charge
(in ₹)

Total Maturity Benefit (Fund Value)#
(in ₹)

@8%

20,000

1,801

12,73,188

@4%

20,000

2,063

919,541

#This illustration is considering investment in "Pure Stock fund II" and Goods & Service tax of 18%.

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

In case of her unfortunate death in the 8th policy year, the death benefit, based on the assumed investment returns, are as per the table given below:

Policy Term: 15 years

  • Goal Assure

At Assumed Investment Return

Death Benefit# (in ₹)

@8%

` 524,379

@4%

` 500,000

 


The death benefit is subject to the guaranteed benefit, which is 105% of the total premiums paid, till the date of death.

#This illustration is considering investment in "Pure Stock fund II" and Goods & Service tax of 18%.

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

Neha has four investment strategies to choose from:

Investor selectable portfolio strategy

Policyholder can allocate the premiums based on his/her personal choice among the 8 funds & to suit his/her investment needs. Please refer to Sales literature available on our website for more details.

Wheel of life portfolio strategy

At different Life stages, everyone has different financial goals and therefore the investment strategy needs to be realigned to the same. Once this portfolio is chosen, basis years to maturity the premium paid and the fund value will be allocated to various funds (namely Bluechip Equity Fund, Equity Growth Fund II, Accelerator Mid-Cap Fund II, Bond Fund & Liquid Fund) in the proportion depending on the outstanding years to maturity. Please refer to Sales literature available on our website for more details.

Trigger based portfolio strategy

This portfolio strategy is helpful in securing the gains and maintaining the asset allocation. One can opt for this strategy at the commencement of the policy only. Premiums will be allocated in two funds Equity Growth Fund II (an equity oriented fund) & Bond Fund (a debt oriented fund) at 75:25 ratio and the same will be re-balanced/re-allocated based on a pre-defined trigger event (15% upward movement in NAV (unit price) of Equity Growth Fund II) since the previous rebalancing or from the NAV (unit price) at the inception of the policy, whichever is later. On the occurrence of trigger event, the fund value in Equity Growth Fund II which is in excess of three times the fund in Bond Fund will be considered as gains and will be switched to Liquid Fund by redemption of units from Equity Growth Fund II. Please refer to Sales literature available on our website for more details.

Auto transfer portfolio strategy

This portfolio strategy helps the policyholder to invest his/her money in a systematic manner over the years by automatically transferring it every month, from a low risk fund to fund (s) of his/her choice. The proportion to be switched will depend upon the number of outstanding months till the next premium due date. The strategy will not be available if the policyholder has opted for monthly mode. Please refer to Sales literature available on our website for more details.

Maturity Benefit

Under Bajaj Allianz Life Goal Assure, the maturity benefit will be the Regular Premium Fund Value plus Top-up Premium Fund Value as on the maturity date, provided the policy is in-force.

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, Regular Premium Sum Assured or Regular Premium Fund Value
  • plus

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

The death benefit is subject to the guaranteed benefit of 105% of the total premiums* paid, till the date of death.

* Total premiums paid shall be (Annualized Premium * number of years for which premiums have been paid + Top-up Premiums paid).

All the above is paid as on date of receipt of intimation of death at the Company’s office.

  • If death of the life assured occurs before attaining age 60 years, then, the sum assured shall be reduced to the extent of the partial withdrawals made from the Regular Premium fund during the two year period immediately preceding the death of the life assured.
  • If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced to the extent of the partial withdrawals made from the Regular Premium fund during the two year period before attaining age 60 and all the partial withdrawals made from the Regular Premium fund after attaining age 60.

Return of Mortality Charge (ROMC)

At the end of the policy term, on the maturity date, the total amount of mortality charges deducted in respect of life cover provided throughout the policy term, will be added back as ROMC, to the Regular Premium Fund Value and Top-up Premium Fund Value, as applicable. ROMC is not applicable in case of a Surrendered, Discontinued or Paid-up policy and will be payable provided all due Regular Premiums under the policy have been paid up to date.

Note:
  • Amount of mortality charge will be allocated to the fund(s) in the same proportion of the Fund Value as on the maturity date
  • ROMC will be excluding any extra mortality charge & or Goods & Service Tax/any other applicable tax levied on the mortality charge deducted, subject to changes in tax laws.

Fund Booster

On the maturity date, Fund Booster will be added to the Regular Premium Fund Value, provided all due Regular Premiums have been paid up to the date. The Fund Booster (as % of one Annualized Premium) are as below

Policy Term

Fund Booster (% of one Annualized Premium)

5 years

Not Applicable

10 years

20%

15 years

40%

20 years

60%

  • The Fund Booster will be allocated in funds in the same proportion of the Fund Value as at the date of addition.
  • Fund Booster is payable only for policies where the policy term is 10 years & above
  • There will not be any Fund Booster for Top-up Premium paid. Fund Booster will not be paid for surrendered, discontinued or policy converted to paid-up policy

Loyalty Additions

The Company shall allocate Loyalty Additions to the Regular Premium Fund Value as percentage of one Annualized Premium from the 6th year onwards, provided all due Regular Premiums have been paid up to date. The Loyalty Additions are below:

Policy Term

Loyalty Additions (% of one Annualized Premium)

5 years

Not Applicable

10 years

0.50%

15 years

1%

20 years

1.5%

  • Loyalty additions are payable only for policies where the Annualized Premium is ` 5 Lakhs & above and wherein the policy term is 10 years & above. Loyalty additions is not payable for Annualized Premium below ` 5 Lakhs or where the policy term under the policy is 5 years
  • In case the premium(s) are un-paid and the policy is revived during the revival period by paying all due premiums, the Loyalty Additions due-but-not-allotted during the period the Policy was in Discontinuance will be added to the fund as on the date of revival.
  • Amount of Loyalty Additions will be allocated in funds in the same proportion of the Fund Value as at the date of addition.

Note:

Loyalty Additions will not be applicable for Top-up Premium paid.

Loyalty Additions will not be paid for a surrendered, discontinued or policy converted to paid-up policy.

Claw-back Additions

Non-zero positive additions, if any, will be added to the Regular Premium Fund Value in order to meet the maximum reduction in yield criteria [as stipulated in Sub-regulation 37 of IRDA (Linked Insurance Products) Regulations, 2013] at the end of each policy year starting from the fifth policy year.

You have the option to surrender your policy at any time.

  • On surrender during the lock-in period of first five years of your policy, the Regular Premium Fund Value, less the discontinuance/surrender charge plus the Top-up Premium Fund Value, if any, as on the date of surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the company), and life cover shall cease immediately. The Discontinuance Value as at the end of the lock-in period will be available to you as surrender value.
  • On surrender after the lock-in period of first five years of your policy, the surrender value available will be Regular Premium Fund Value plus Top-up Premium Fund Value, if any, as on the date of surrender, and will be payable immediately.
  • The policy shall terminate upon payment of the surrender/Discontinuance Value by the company.

Risk Explorer

Let's measure your risk appetite. Tell us how you'd describe yourself in the following context.

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Risk Explorer

When it comes to returns on investments, I want:

To protect my capital first

Growth of 2 to 4% per year with Inflation Adjusted

Growth of 4 to 6% per year with Inflation Adjusted

Growth of 6% or more per year with Inflation Adjusted

Risk Explorer

My knowledge of financial markets is:

Limited / No Knowledge

Basic

Familiar

Very Familiar

Risk Explorer

My investment preference is:

Preservation of capital

Stable and reliable returns

Higher Returns, but won’t be able to accept significant fluctuations

Higher returns, but not too concerned with risk or fluctuations

Risk Explorer

If market fluctuations eroded my investment by 20%, I'd:

Be upset and consider investing in safe avenues

Be concerned about any further investments

Consider partial withdrawal of funds

Not too concerned as knew that risk was involved. I expect performance to improve with an upturn in markets

Risk Explorer

If I don’t need my capital for 10 years, I would cash in my investments if they are performing poorly for:

Up to 6 months

Up to 1 year

Up to 3 years

Up to 5 years

Risk Explorer

My investments are combination of:

Fixed Deposit/ PPF / Small Savings schemes / Traditional life insurance

Gold / Debt Mutual Funds / Hybrid Mutual funds (with partial equity exposure)

Equity Mutual Fund/Unit Linked Insurance Plans (ULIPs)

Equity Mutual Fund/Unit Linked Insurance Plans (ULIPs)

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Your risk appetite is High

Redirecting to fund allocation

Disclaimer: Returns are 5 year compounded annualised growth rate (CAGR) as on 20/02/2018.
Past performance is not indicative of future performance. 1Overall rating as per Morning Star 2Since this is a new fund, the rating and 5 year returns are not available.

Funds and Allocation Bar

0% 100%
Your Total Fund Allocation should be 100%

Documents you’ll need before investing

Why monthly investments in ULIPs make sense?

Why monthly investments in ULIPs make sense?

READ MORE
How to tide over market volatility with ULIPs

How to tide over market volatility with ULIPs

READ MORE
4 ULIP Benefits You Can Take Advantage Of

4 ULIP Benefits You Can Take Advantage Of

READ MORE

When can I get the benefit of RoMC?

As the name suggests, Return of Mortality Charges (RoMC) returns the entire life cover charges deducted throughout the policy term at the time of maturity. It is added back to the fund value and top-up premium fund value, if applicable. All you have to do is pay your premiums on time and stay invested till the end of the policy since RoMC is not applicable in case of surrendered, discontinued or paid-up policy. 

What is Return Enhancer benefit under Settlement option?

Based on your life goals, you may want to receive the maturity benefits in instalments, instead of one single payment. This is the Settlement option available in Bajaj Allianz Life Goal Assure where you choose to receive your maturity benefit in instalments over a period of five years, During this period your fund value will continue to be invested in the fund(s) of your choice The amount paid to you in each instalment is the outstanding fund value as at that instalment date divided by the number of outstanding instalments, hiked-up by 0.5%. Therefore, each instalment is equal to (fund value/number of outstanding instalments)*1.005. This increase is referred to as Return Enhancer as it increases the returns on investments and helps you get closer to your life goals. 

What are the different funds available to the investor under the Investor Selectable Portfolio strategy?

Under Bajaj Allianz Life Goal Assure, an investor has the option of investing in eight funds under the Investor Selectable Portfolio Strategy, as per their risk appetite. These are Equity Growth Fund II, Accelerator Mid-Cap Fund II, Pure Stock Fund II, Pure Stock Fund, Asset Allocation Fund II, Bluechip Equity Fund, Bond Fund, and Liquid Fund.

Life Insurance Glossary

Discontinuance Charges

These charges are deducted from the policyholder's account/fund if the life insurance policy is surrendered by the policyholder. This is also called as the Surrender Charge

Fund Value

It is the total value of units that a policyholder holds in funds. Fund Value = Number of Units x Net Asset Value

Fund Management Charges

These are charges deducted towards meeting expenses related to fund management. These are charged as a percentage of the Fund Value and deducted before calculating the Net Asset Value (NAV) of the fund.

Fund Switch

Switching between funds is allowed under the Investor Selectable Portfolio Strategy. Policyholders can opt for this Portfolio Strategy at the commencement of the policy or can switch to this Portfolio Strategy at any subsequent policy anniversary. You have the flexibility to switch units between your investment funds according to your risk appetite and investment decisions, by giving written notice to the Company. Fund as on that date will be switched to the other Fund/s, as specified by the Policyholder. You can make unlimited free switches during the policy term.

In - force

In-force Policies are valid/active policies for which the full premiums as on date are paid.

Lapse

The termination of an insurance policy due to non-payment of premium.

Mortality Charges

Depending upon the age and the amount of cover, the charges levied towards providing life insurance cover to the insured are called as Mortality Charges

Policy Administration Charges

These are the charges deducted on a monthly basis to recover the expenses of maintaining the policy including record keeping, paper work, services, etc.

Premium Allocation Charges

These charges are deducted upfront from the premium paid by the policyholder as a percentage of premium. These charges account for the initial expenses incurred by the company in issuing the policy, e.g., cost of underwriting, medicals and expenses related to distributor fees. After these charges are deducted, the money gets invested in the chosen fund.

Regular Premium

The amount payable by the policyholder at regular intervals during the Premium Paying Term, and at the Premium Payment Frequency

Regular Premium Fund Value

The total number of Units pertaining to the Regular/ Limited Premium existing in each Fund under this Policy, multiplied by their respective Unit Price on the relevant date

Reinstatement

To restore the policy after the life insurance policy has lapsed.

Revival Period

As long as the policyholder pays premium on time, the policy remains in force. The policy lapses when premiums are not paid even after the completion of the grace period. Thereafter, the Life Insurance Company provides an option to the policyholder wherein he/she can make the policy in force only during a specific period after the grace period. The process is called Revival of the Life Insurance Policy or Policy Revival and the period is called Revival Period.

Rider Sum Assured

"Rider Sum Assured" means the sum assured as mentioned in the Schedule. For more details, please refer respective rider sales literature.

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. For more details, please refer respective rider sales literature.

Rider Premium Charge

"Rider Premium Charge" means the charge deducted to provide the Rider benefit. For more details, please refer respective rider sales literature.

Rider Term

"Rider Term" means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the schedule. For more details, please refer respective rider sales literature.

Surrender Value

A value payable if you want to surrender the plan before a claim arises.

Settlement Option

In Unit Linked Polices, instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of 5 years after maturity. This is known as the Settlement Option.

Top Up Premium

The amount of additional premium paid over and above the Regular/ Limited Premium payable under this Policy

Top Up Premium Fund Value

The number of Units pertaining to Top Up Premium under a policy, multiplied by the respective Unit Price on the relevant valuation date

Unit Price

Market value of investment held by the fund plus value of current assets less value of current liabilities and provisions, if any, divided by number of units existing on Valuation Date. This calculation will be done before creation / redemption of units.

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