Notifications10

  • Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

    CALCULATE NOW
  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

    WATCH VIDEO
  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

    KNOW MORE
  • Here's a Comprehensive Tool To Plan Your Child's Future

    START NOW
  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

    WATCH VIDEO
  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

    KNOW MORE
  • Paying your Renewal Premium is Quick and Easy!

    PAY NOW
  • Know the right amount of Insurance you need in just a few steps!

    START NOW
  • Avail Term Insurance Tax Benefits under Section 80D

    READ MORE
  • Know how to invest money during the covid-19 pandemic!

    READ MORE

Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

X

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

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

Bajaj Allianz Life Goal Based Saving II

Please Select Language
A Unit-linked Non-Participating Individual Life Savings Insurance Plan

  • Choice of regular, limited and single premium payment option

  • Additional premium allocation* of up to 3% of each modal Premium paid by you in the first policy year

  • Return of mortality charges at maturity (ROMC) in case of Regular / Limited Premium policies

  • Option to make partial withdrawals from the funds

Goal based savings ulip insurance policy

  • Overview
  • Key Advantage
  • Eligibility
  • Downloads
  • How ULIPs works
  • Sample Illustration
  • Policy Benefit
Add Image Here

ULIP Insurance Policy - Bajaj Allianz Life Goal Based Saving II

Bajaj Allianz Life Goal Based Saving II, a unit-linked plan designed to offer wealth accumulation through market-linked returns and protection against uncertainties in life. The plan is loaded with features like - up to 103% allocation* of Premium in the first year, up to 125% Return of Life Cover charges, choice of wide range of 15 funds and option to take death or maturity in instalments to make the most of your savings.

*including Additional Allocation. Please refer to the Additional Allocation section

Additional Allocation*

Additional premium allocation of up to 3% of each modal Premium paid by you in the first policy year



*Please refer to the Additional Allocation section

Return of Mortality charges

Up to 125% of Return of mortality charges at maturity (ROMC)

Wide range of funds

Choose from a wide range of Fifteen (15) diverse funds with unlimited free switching

Charges

No premium allocation or policy administration charge, you’ll only incur fund management charge and mortality charge for life cover

Liquidity

Easy liquidity through partial withdrawal after 5 policy years

Settlement option with return enhancer

Option to take maturity benefit or death benefit in instalments with Return Enhancer

Entry Age

Minimum age is 0 years

In the case of minor life, the risk cover will commence immediately on date of commencement of policy, and policy will vest on the life assured on the attainment of majority (i.e., age 18 years).

Maximum age is 60 years

Maturity Age

Minimum age at maturity

18 years

Maximum age at maturity

75 years

Policy Term

10 / 15 / 20 Years

Premium Payment Term (PPT)

PT (in years)

10

15

20

PPT( in years)

5,7,10

5,7,10,15

5,7,10,15

Minimum Premium ( Regular/Limited Premium & Top-up)

Frequency

Premium (in ₹)

Yearly

₹ 12,000

Half-Yearly

₹ 6,000

Quarterly

₹ 3,000

Monthly

₹ 1,000

Top-up

₹ 5,000

Maximum Premium

As per the Maximum Sum Assured and Board approved Underwriting Policy (BAUP)

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum & Maximum Sum Assured

Premium Paying Option

Minimum Sum Assured

Maximum Sum Assured4

Limited pay

7 Times Annualized Premium

10 Times Annualized Premium

Regular pay

7 Times Annualized Premium

10 Times Annualized Premium

Top up Premium

1.25 Times Topup Premium

1.25 Times Topup Premium

4Maximum Sum Assured will be as per the board approved underwriting policy (BAUP)

Age calculated is age at the last birthday.

Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years last birthday or maturity date.

Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured option

How do ULIPs work?

In Bajaj Allianz Life Goal Based Saving II, Premiums paid by you, are saved, as per your chosen portfolio strategy across the various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the Fund.
The Mortality charge is deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price/NAV.

Aman, 35 years old

Aman, a 35 years old Product Manager has invested in Bajaj Allianz Life Goal Based Saving II. He has invested a premium of Rs.6,00,000 p.a. for a premium paying term of 10 years. He has opted for a sum assured of Rs.60 Lakhs. He has chosen a Policy term of 15 years. The total premium paid by Aman is 60 Lakhs.
Let's see the benefits available under the variant.

  • Maturity Benefit
  • Death Benefit
  • Investment Strategy

To achieve his Life Goal, Aman invested ₹ 6,00,000 per year for 10 years

Policy Term: 15 years

  • Goal Based Saving on Maturity

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

At Assumed Return#

Additional Allocation (in ₹)

Return of Mortality Charge
(in ₹)

Total Maturity Benefit (Fund Value)
(in ₹)

@8%

18,000

31,607

1,16,52,061

@4%

18,000

36,242

77,44,423

# The above illustrations are considering investment is in the “Pure Stock Fund II”& Goods & Service tax of 18%
The benefit amount indicated is a non-guaranteed illustrative figure and is subject to Policy terms and conditions.
All the figures are in rupees. 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.

In case of Aman's unfortunate death in the 12th policy year, the death benefit, based on the assumed investment returns, are as per the table given below.

Policy Term: 15 years

  • Sample Illustration

At Assumed Return#

Death Benefit (in ₹)

@8%

₹ 96,59,183

@4%

₹ 71,75,306

 

 

# The above illustrations are considering investment is in the “Pure Stock Fund II”& Goods & Service tax of 18%
The benefit amount indicated is a non-guaranteed illustrative figure and is subject to Policy terms and conditions.
All the figures are in rupees. 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.

Bajaj Allianz Life Goal Based Saving II provides you an opportunity to choose from fifteen (15) thoroughly curated funds to suit your investment needs. Under this strategy, you can choose to save your money in any of the funds in proportion of your choice.

Maturity Benefit

On maturity of the policy, you will receive the Fund Value$, if all due premiums are paid up to date. You will also have an option to receive the Maturity Benefit as lump-sum or as a systematic payout for a maximum of five years under Settlement Option

Note:

$Fund Value is

  • The sum total of Regular Premium Fund Value(1) and Top-Up Premium Fund Value(3) in limited or regular premium payment policies
  • The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(1)Regular Premium Fund Value is equal to the total Units in respect of regular/limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

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, Prevailing Sum Assured^ or Regular Premium(1)/Single Premium Fund Value(2)

plus

  • Higher of, Top-up Sum Assured or Top-up Premium Fund Value(3)

The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the Total Premiums* paid, till the date of death.

All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office. The risk cover will terminate on the date of intimation of death of the life assured.

Note:

%The Benefit shall be reduced to the extent of the partial withdrawals made from the Regular/Limited Premium Fund during the two (2) year period immediately preceding the death of the Life Assured

*Total premiums paid shall be sum of all regular/limited premiums and any Top-Up premiums paid till date.

^Prevailing Sum Assured is Sum Assured in any year after the latest reduction of premium, if any. Also Sum Assured shall be reduced to the extent of the partial withdrawals made from the regular/single premium fund during the two (2) year period immediately preceding the date of death of the life assured.

Additional Allocation

During the first policy year:

  • In case of limited/regular premium payment policies, 3% of each modal Premium paid by you will be added to your Regular Premium Fund Value(1) at the time of allocation of each premium

Note:

i) The Additional Allocation will be added into each fund and will be as per the premium apportionment percentages as on the date of addition. Unit Price as on the date of addition will be used for the unitization.

ii) There will be no additional allocation with respect to any Top-Up premium paid.

iii)There will be no Additional Allocation in the 2nd policy year and thereafter.

Return of Mortality Charge (ROMC) - For Regular /Limited Premium Option Only

At the end of the policy term, on the maturity date, if all premiums under the policy are paid up to date, the total amount of all mortality charges deducted throughout the policy term

a. With respect to regular/limited premium, multiplied by a factor (dependent on premium band of the policy as mentioned below) will be added into the Regular Premium Fund Value (1) and

Annual Premium Less than 1.2L

100% of ROMC

Annual Premium 1.2L to less than 2.4L

110% of ROMC

Annual Premium equal to/ greater than 2.4L

125% of ROMC


b. With respect to Top-Up Premium, if any, 100% of all mortality charges deducted throughout the policy term will be added to the Top-Up Premium Fund Value(3).

i) The above will exclude any extra mortality charge and/or any GST with respect to mortality charge deducted.

ii) If the option to reduce Regular/Limited Premium is chosen at any time during the policy term, the factor as per the above table, used to arrive at the Return of Mortality charge amount, will be as based on the reduced Annualized Premium

iii) The Return of Mortality Charge (ROMC) will be added into each fund and will be in the same proportion of the Fund Value as on the date of addition. Unit Price as on the date of addition will be used for the unitisation.

iv) No ROMC will be available in a surrendered policy, a discontinued policy or a policy converted to paid-up.

v) Return of Mortality Charge is not available with respect to Single Premium or the Top-up Premiums, if any, paid in a single premium payment policy.

  • Overview
  • Key Advantage
  • Eligibility
  • Download
  • How ULIPs works
  • Policy Benefit
Add Image Here

Bajaj Allianz Life Goal Based Saving II, a unit-linked plan designed to offer wealth accumulation through market-linked returns and protection against uncertainties in life. The plan is loaded with features like - up to 103% allocation* of Premium in the first year, up to 125% Return of Life Cover charges, choice of wide range of 15 funds and option to take death or maturity in instalments to make the most of your savings.

*including Additional Allocation. Please refer to the Additional Allocation section

Additional Allocation*

Additional premium allocation of up to 3% of each modal Premium paid by you in the first policy year



*Please refer to the Additional Allocation section

Wide range of funds

Choose from a wide range of Fifteen (15) diverse funds with unlimited free switching

Charges

No premium allocation or policy administration charge, you’ll only incur fund management charge and mortality charge for life cover

Liquidity

Easy liquidity through partial withdrawal after 5 policy years

Settlement option with return enhancer

Option to take maturity benefit or death benefit in instalments with Return Enhancer

Entry Age

Minimum age is 3 years

(In the case of minor life, the risk cover will commence immediately on date of commencement of policy, and policy will vest on the life assured on the attainment of majority (i.e., age 18 years)

Maximum age is 60 years

Maturity Age

Minimum age at maturity

18 years

Maximum age at maturity

75 years

Policy Term

10 / 15 / 20 Years

Premium Payment Term (PPT)

Premium Paying Option

Premium Paying Term

Policy Term (in years)

Single pay

Single Premium (SP)

10/15/20 years

Minimum Premium

Single Premium

₹ 1,20,000

Top up Premium

₹ 5,000

Frequency

Single

Maximum Premium

As per the Maximum Sum Assured and Board approved Underwriting Policy (BAUP)

Premium Payment Frequency

Single

Minimum and Maximum Sum Assured

Premium Payment Option  

Minimum

Maximum

Single pay

1.25 Times Single Premium

1.25 Times Single Premium

Top up Premium

1.25 times Top-up Premium

1.25 times Topup Premium

Age calculated is age at the last birthday.

Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years last birthday or maturity date.

Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured option

How do ULIPs work?

 

In Bajaj Allianz Life Goal Based Saving II, Premiums paid by you, are saved, as per your chosen portfolio strategy across the various applicable Funds. The units are allocated at the prevailing Unit Price/NAV of the Fund, post deduction of Premium Allocation Charge.
The Mortality charge and Policy Administration charge is deducted monthly through cancellation of units. Fund management charge is adjusted in the Unit Price/NAV.

 

Maturity Benefit

On maturity of the policy, you will receive the Fund Value$, if all due premiums are paid up to date. You will also have an option to receive the Maturity Benefit as lump-sum or as a systematic payout for a maximum of five years under Settlement Option

Note:

$Fund Value is

  • The sum total of Regular Premium Fund Value(1) and Top-Up Premium Fund Value(3) in limited or regular premium payment policies
  • The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(1)Regular Premium Fund Value is equal to the total Units in respect of regular/limited premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

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, Prevailing Sum Assured^ or Regular Premium(1)/Single Premium Fund Value(2)

plus

  • Higher of, Top-up Sum Assured or Top-up Premium Fund Value(3)

The Death Benefit is subject to the Guaranteed Death Benefit% of 105% of the Total Premiums* paid, till the date of death.

All the above is paid as on date of receipt of intimation of death at the Insurance Company’s office. The risk cover will terminate on the date of intimation of death of the life assured.

Note:

%The Benefit shall be reduced to the extent of the partial withdrawals made from the Regular/Limited Premium Fund during the two (2) year period immediately preceding the death of the Life Assured

*Total premiums paid shall be
- For single premium payment, sum of single premium and any Top-Up premiums paid till date

^Prevailing Sum Assured is Sum Assured in any year after the latest reduction of premium, if any. Also Sum Assured shall be reduced to the extent of the partial withdrawals made from the regular/single premium fund during the two (2) year period immediately preceding the date of death of the life assured.

Additional Allocation

During the first policy year:

  • In case of single premium policies, 1% of Single Premium by you will be added to the Single Premium Fund Value(2) at the time of allocation of the single premium.

$Fund Value is

  • The sum total of Single Premium Fund Value(2) plus Top-Up Premium Fund Value(3) in single premium payment policies

where:

(2)Single Premium Fund Value is equal to the total Units in respect of single premiums paid under this policy multiplied by the respective unit price on the relevant valuation date and

(3)Top-Up Premium Fund Value is equal to the total Units in respect of Top-Up premium multiplied by the respective unit price on the relevant valuation date.

Note:

i) The Additional Allocation will be added into each fund and will be as per the premium apportionment percentages as on the date of addition. Unit Price as on the date of addition will be used for the unitization.

ii) There will be no additional allocation with respect to any Top-Up premium paid.

iii)There will be no Additional Allocation in the 2nd policy year and thereafter.

Monthly Investment Planning With ULIPs From Bajaj Allianz Life

Why monthly investments in ULIPs make sense?

READ MORE
Tips to overcoming market volatility with ULIP From Bajaj Allianz Life

How to tide over market volatility with ULIPs

READ MORE
Early investment planning tip from Bajaj Allianz Life

Advantages of investing early in ULIP plan

READ MORE

⭐ What is ROMC benefit?

Bajaj Allianz Life Goal Based Saving II comes with the benefit of Return of Mortality Charge (ROMC). As the name suggests, Return of Mortality Charges (RoMC) returns the entire life cover charges deducted throughout the policy term multiplied by a factor (dependent on premium band of the policy as mentioned below) at the time of maturity. It is added back to the regular/limited premium fund value and top-up premium fund value, as applicable. All you have to do to get the benefit 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. This benefit is also not available under single premium option.  

⭐ How does the switching between the funds work under this policy?

Bajaj Allianz Life Goal Based SavingsII  allows you to make unlimited free switches during the policy term to optimize your returns. The minimum amount for switching is Rs 5,000 or the value of units in the fund to be switched from, whichever is lower. The company will facilitate the switch by redeeming units from the existing fund and then allocating new units to the fund opted for at their unit price. 

⭐ What is the Death Benefit under this plan?

In the unfortunate scenario of the policyholder‘s death, the nominee will get the Death Benefit as a lump sum. It includes higher of the regular/single premium sum assured or regular/single premium fund value, plus the higher of top-up premium sum assured or top-up premium fund value, as applicable. 

The Death Benefit will not be less than the Guaranteed Death Benefit of 105% of the total premiums paid including the top-up premiums paid, if any, till the date of death. 

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.

Fund Booster

If all the premiums under the policy are paid up to date, at maturity, an additional amount , called the Fund Booster will be added to the fund value as a % of one annualized premium. The Fund Booster benefit is applicable for policy terms 10 & above. Please refer to the sales brochure for exact percent details.

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.

Loyalty Additions

If all the premiums under the policy are paid up to date, Loyalty Additions will be added to the Fund Value at the end of every policy year from the 6th policy year onwards, subject to policy terms & conditions. The Loyalty Addition will be a % of one annualized premium. Please refer to the sales brochure for eligibility and exact percent details.

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.

Return of Mortality Charges (ROMC)

If all the premiums under the policy are paid up to date, at maturity, the sum of all mortality charges (Life Cover charges) , including mortality on Top-up SA, if any, deducted during the policy term will be added to the Fund Value.

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.

Life Insurance for Life Goals Zp

A traditional life insurance plan only protects your family against the financial dangers posed by unforeseen death. But life insurance can be much more than a simple shield against financial hardship.

We all have some financial goals that we would like to reach in our lifetimes. These include buying a house, owning a car, getting our children settled, and having a comfortable retirement. Plans that combine the protection of life insurance with the growth of investment can help you reach all these goals, so that none of your dreams remain unfulfilled.

Life Insurance for Life Goals

A traditional life insurance plan only protects your family against the financial dangers posed by unforeseen death. But life insurance can be much more than a simple shield against financial hardship.

We all have some financial goals that we would like to reach in our lifetimes. These include buying a house, owning a car, getting our children settled, and having a comfortable retirement. Plans that combine the protection of life insurance with the growth of investment can help you reach all these goals, so that none of your dreams remain unfulfilled.

X
  • Talk to an Expert
  • About Us
Have us
call you
Please enter a Name
Please enter a Mobile No.
Please select a option
  • #1 Top Riser Brand Amongst ‘Top 75 most valuable Indian Brands 20221
  • One of the most Trusted Brand2
  • Claims Settlement Ratio 99.04%~
  • 1 Day Claim Approval7
  • Solvency ratio of 516%^
  • AAA : Stable Rating by CARE$
  • ` 106,858 Crore Total Assets Under Management (AUM)**
  • 4.25 Crore number of lives covered#
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

~Individual Death Claim Settlement Ratio for FY 2022-2023

**All figures as on 31 January 2024

^Solvency ratio 516% as at 31 March 2023 against IRDAI mandated 150%

#Individual & Group

1Report published by Kantar BrandZ India 2022 for details click here

2Survey conducted by brand equity – Nielsen in March 2020

796.31% of non-investigative individual claims approved in one working day for FY 2022-23. 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

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!