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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Bajaj Allianz Life Invest Protect Goal

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A Unit-linked Non-Participating Individual Life Savings Insurance Plan

  • A High Insurance Cover Savings plan
  • Lump sum payout for your loved ones in your absence

  • Growth of your savings corpus through market linked returns
  • Return of Charges to help boost your fund value
  • Riders available to provide enhanced protection
Bajaj Allianz Life Invest Protect Goal: ULIP Investment Plan
  • Overview
  • Key Advantages
  • How this Works
  • Eligibility
  • Downloads
  • Sample Illustration
  • Policy Benefits
  • Performance
Overview Image

Bajaj Allianz Life Invest Protect Goal -A Unit-linked Non-Participating Individual Life Savings Insurance Plan

We plan to provide a life full of happiness and comfort to our loved ones. However, life is full of uncertainties. It is important not just to protect your family against these uncertainties but also to create a savings kitty for fulfilling your own life goals.

Introducing Bajaj Allianz Life Invest Protect Goal, a Unit Linked Life Insurance product that helps you secure the future of your loved ones while providing market-linked returns on your premiums.

Market linked returns on premiums

A protection plan that offers market linked returns on premiums. Based on the product terms & conditions, the available high level of protection ensures that your loved ones are financially secure in your absence. Market linked maturity benefit ensures that your own future goals are taken care of.

Return of Charges to help boost your fund value

Premium Allocation Charges deducted are added to the Fund Value at the end of 10th policy year. Mortality Charges deducted are returned during the policy term, by way of Loyalty Advantage added to your Fund Value, subject to plan’s terms & conditions .

Riders available to provide enhanced protection

We shall be offering accidental protection riders along with this product

Fund Maintenance Booster to ensure you remain protected throughout your chosen policy term

In order to reward you for paying premiums in time, we offer Fund Maintenance Booster. From the 4th policy year, if the Fund Value(FV) falls below One Annualized Premium(AP), we shall add this difference (FV minus 1XAP ) to your Fund Value to ensure continuity of your policy.

Avail Family Benefit:

Get an additional benefit at Maturity, if any of your family member(s)^ is an existing customer of Bajaj Allianz Life Insurance Co. Ltd.

^Family member shall be defined as spouse, children, brothers, sisters, grandchildren, parents, parents in-laws; and will be available to family members of existing customers including who have matured policies.

  1. 1

    Select the Premium Payment Term and the Policy Term for which you wish to remain protected

  2. `
  3. 2

    Select the level of protection you wish to get

  4. `
  5. 3

    Decide the portfolio strategy and the funds you want to stay invested in

    On Maturity, get the Total Fund Value or in case of unfortunate death, nominee will receive the Death Benefit.

  6. `

Entry Age

Minimum age is 18 years

Maximum age is 60 years

Maturity Age

Minimum age at maturity -  38 years

Maximum age at maturity - 100 years

Policy Term

Minimum is 20 years

Maximum is 40 years

Premium Payment Term

Premium Paying Term (In Years)

Limited Pay

5,6,7,8,9,10,11,12

Regular Pay

Equal to Policy Term

Premium Amount and Frequency

Premium Mode

Minimum

PPT (In Years)

Yearly

Half Yearly

Quarterly

Monthly

Top-Up

5 to 7

₹48,000

₹24,000

₹12,000

₹4,000

₹5,000

8 and above

₹18,000

₹9,000

₹4,500

₹1,500

Maximum

All

No Limit and subject to Board Approved Underwriting Policy (BAUP)

Sum Assured

Sum Assured

Minimum

7 X Annualised Premium

Maximum

As per Board Approved Underwriting Policy

Top – up Sum Assured = 1.25 X Top-up Premium

Customer , 35 years old

Customer aged 35 years has taken a Bajaj Allianz Invest Protect Goal policy for a Policy Term (PT) of 40 years. The Sum Assured chosen by him is ` 1 cr. 

  • Maturity Benefit
  • Death Benefit

To achieve his Life Goal, customer invested ₹ 50,000 Annually for 40 years. On the maturity date, customer would receive maturity benefit as per the table below:

  • Invest Protect Goal

 

At Assumed Investment Return

Maturity Benefit
(in ₹)

@8%#

₹ 71,68,005

@4%#

₹ 25,40,773

#The returns indicated at 4% and 8% are illustrative and not guaranteed, subject to Policy terms & conditions and do not indicate the upper or lower limits of returns under the Policy.

The above illustrations are considering investment is in the “Pure Stock Fund II and Goods & Service Tax of 18%”.



Unfortunately, while trying to achieve his goal, he passed away. On occurrence of this unfortunate event, his nominee stands to receive the following Death Benefit:

Policy Term: 40 years

  • Invest Protect Goal

  • For the same customer of age 35 years, with Policy term of 40 years, who buys Invest Protect Goal for Sum Assured of 1 Cr –

PPT (in years)

Premium (in INR)

Total Premium

FV @4%# (in INR)

FV@8%# (in INR)

7

1,33,334

9,33,338

12,49,554

68,17,089

10

83,334

8,33,340

12,11,575

52,04,948

12

71,429

8,57,148

11,97,009

50,71,173

The above illustrations are considering investment is in the “Pure Stock Fund II and Goods & Service Tax of 18%”. 

#The returns indicated at 4% and 8% are illustrative and not guaranteed, subject to Policy terms & conditions and do not indicate the upper or lower limits of returns under the Policy

Loyalty Benefit

As a reward for paying premiums regularly, we will contribute to your savings by allocating extra units, at the end of specific policy years, as mentioned below -

  • Return of Premium Allocation Charge – At the end of 10th policy year, we will add back all the premium allocation charges with respect to your Regular/Limited premiums to your savings. This will exclude any GST and cess with respect to these charges. There will not be any return of premium allocation charges with respect to the Top-Up Premiums paid.
  • Return of Mortality Charge – Mortality charge deducted during the policy term shall be added back to your savings as per the table given below –
  • At the end of policy year

    Return of Mortality Charges of

    7

    25% of the Mortality charge deducted till 7th year 

    15

    50% of the total Mortality charge deducted till 15th year Less Mortality charge already returned

    20

    100% of Mortality charges deducted till the end of the 20th Policy Year Less Mortality charge already returned 

    25 or at Maturity whichever is earlier

    100% of Mortality charges deducted from 21st Policy Year to (end of the 25th Policy Year or till Maturity, whichever is earlier) 

    30 or at Maturity whichever is earlier 

    100% of Mortality charges deducted from 26th Policy Year to (end of the 30th Policy Year or till Maturity, whichever is earlier)

    35 or at Maturity whichever is earlier

    100% of Mortality charges deducted from 31st Policy Year to (end of the 35th Policy Year or till Maturity, whichever is earlier) 

    40 or at Maturity whichever is earlier

    100% of Mortality charges deducted from 36th Policy Year to (end of the 40th Policy Year or till Maturity, whichever is earlier) 

    This above addition will be done to the Regular Premium Fund Value and will exclude, Top-Up Premium Fund Value, any extra mortality charge and/or any GST and cess with respect to the mortality charges deducted.

  • Loyalty Addition – We will contribute to your savings by adding a specific percentage of the average of your previous Three years’ daily Regular Premium Fund Value as mentioned below –
  • End of Policy Year

    15th year

    20th year

    25th year

    30th year

    35th year

    40th year

    LA %  - ages

    1.00%

    1.50%

    2.50%

    3.00%

    4.00%

    4.50%

    The Three years in consideration will include the current year

    The Top-up premium Fund Value will not be considered for this addition

    Loyalty addition will not be offered in case the policy is terminated, surrendered, discontinued or paid up.

  • Fund Maintenance Booster (FMB) – From the 4th policy year, at the start of any policy month, after premium payment (if any) and before any due charges are deducted, if your Total Fund Value falls below one Annualized Premium, then, we shall add FMB to your Regular Premium Fund Value –
  • - FMB = One Annualized Premium – Total Fund Value

    - No FMB will be available in a surrendered Policy (after the date of surrender), a Discontinued Policy or a Policy converted to paid-up

    - FMB will only be added to the Regular Premium Fund Value and not to Top-Up Premium Fund Value

Death Benefit

On death of the Life Assured during the policy term, the higher of the following shall be payable –

i)Sum Assured* including Top-Up Sum Assured, if any

ii)Total Fund Value, if any

iii)Guaranteed Benefit* of 105% of the total premiums including Top-Up premiums, if any, received up to the date of death

Note -

  • All the above are as on date of intimation of death of the Life Assured
  • Benefit is payable if premiums are paid up to date and policy is in-force
  • In case of paid-up policies, the Prevailing Sum Assured would be applicable
  • *The amount of Sum Assured and Guaranteed Benefit, will be reduced to the extent of the partial withdrawals made from the Regular Premium Fund during the two (2) years period immediately preceding the date of death of the Life Assured. The partial withdrawal made from the Top-Up Premium Fund shall not be deducted for calculating this Sum Assured and Guaranteed Benefit.

Maturity Benefit

On survival of Life Assured to the maturity date, Total Fund Value as on the date of Maturity, shall be payable.

Family Benefit

If any of your family member is an existing policyholder of Bajaj Allianz Life Insurance Company Limited, you will be entitled to a Family Benefit.

The benefit will be paid to you on Maturity and will be added into the Regular Premium Fund Value. Family Benefit will be 1% of the average of your previous Three years’ daily Regular Premium Fund Value.

Family member shall mean spouse, children, brothers, sisters, grandchildren, parents, parents in-laws; and will be available to family members of existing customers including who have matured policies

There will not be any Family Benefit with respect to the Top-Up premiums paid.

Family benefit will not be offered in case the policy is terminated, surrendered, discontinued or paid up.

Disclaimer: Returns are 10 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 Overall Rating as on January 2023.

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 January,2023.

Overview Image

Bajaj Allianz Life Invest Protect Goal -A Unit-linked Non-Participating Individual Life Savings Insurance Plan

We plan to provide a life full of happiness and comfort to our loved ones. However, life is full of uncertainties. It is important not just to protect your family against these uncertainties but also to create a savings kitty for fulfilling your own life goals.

Introducing Bajaj Allianz Life Invest Protect Goal, a Unit Linked Life Insurance product that helps you secure the future of your loved ones while providing market-linked returns on your premiums.

Documents you’ll need before investing

ULIP Funds - Understand The Fund Switching Option

ULIP Tax Benefits - Know 3 Ways In Which ULIPs Help You Save Tax

READ MORE
3 ways in which ULIPs help you save tax

ULIP Funds Switching - Know How It Works

READ MORE
Why RoMC is a revolutionary idea

Why Return of Mortality Charge (RoMC) is a Revolutionary Idea

READ MORE

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.

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.

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