Bajaj Allianz Life Assured Wealth Goal (116N170V11)
Features
- Choice of variants: Select the variant as per needs
- Lifelong Income: Customer will receive regular guaranteed payouts as a percentage of Annualized Premium till age of 99 years. Also receive sum of all premiums paid at the end of the Income Period
- Second Income: Customer will receive regular guaranteed payouts as a percentage of Annualized Premium during the Income Period and have an option to receive all premiums paid at the end of the Income Period.
- Step Up Income: Customer will receive regular payouts for 20 years. Regular guaranteed payouts increase by @10% of 1 instalment every five years during the Income Period. Also receive all premiums paid at the end of the Income Period.
- Extra Income: Customers receive regular guaranteed payouts as a percentage of Annualised premium during the Income Period.
- Wealth Creation: Customer will pay premiums for the chosen period and get a lumpsum Guaranteed Maturity Benefit.
- Assured Income: Customer will receive regular guaranteed payouts during the Income Period (after the Policy Term) and will receive all premiums paid at the end of the Income Period.
- Security: Life Cover to protect family
- Select: Option to avail Income on date of customer choice
- Flexibility: Select the Income Period for which customer want to receive Regular Guaranteed Payouts
- Tax Benefits: Receive benefits as per prevailing tax laws
- Guarantee: All the benefits of the policy are guaranteed!
Eligibility Criteria
|
Plan Variants |
Premium Payment Term (PPT) (in years) |
Policy Term (PT) (in years) |
Income Period (in years) |
Min/ Max. |
Min/ Max. |
Min/ Max. Premium (Rs.) |
|
Age at Entry (years) |
Age at Maturity (years) |
|||||
|
Lifelong Income |
7 / 8 / 10 / 12 |
99 minus Age-at-Entry |
PT minus P PT minus D eferment Period |
51 t o 6 5 |
99 |
50,000 t o no limit |
|
Second Income |
5 |
30 to 4 4 |
25/ 30 |
5 to 5 0 |
35 to 9 9 |
30,000 t o no limit |
|
7 / 8 / 10 / 12 |
5 to 6 0 |
|||||
|
Step Up Income |
5 |
25 to 3 2 |
20 |
5 to 5 0 |
30 to 9 2 |
30,000 t o No limit |
|
7 / 8 / 10 / 12 |
5 t o 6 0 |
|||||
|
Extra Income |
5 / 7 |
15 to 2 9 |
10 / 15 |
5 to 5 0 |
20 to 8 9 |
|
|
8 / 10 / 12 |
5 t o 6 0 |
|||||
|
Wealth Creation |
Single Pay (Joint Life) |
5 / 10 |
Not applicable |
Primary life- 18 to 5 0 Secondary life- 8 to 5 0 |
18 to 6 0 |
5,000 to no limit |
|
5 / 8 / 10 / 12 |
10 /15 / 20 /25/ 30 |
0 to 6 5 |
18 to 7 5 |
12,000 t o no limit |
||
|
Assured Income |
5 / 6 / 7 / 8 / 10 / 12 |
5 to 14 |
25 / 30 |
4 to 60 |
18 to 74 |
30,000 to no limit |
All ages mentioned above are age as on last birthday. Risk cover will commence immediately on the date of commencement of risk of the policy, and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) and on maturity date.
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Disclaimer
This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of contract and provides in details all the conditions &exclusions related to Bajaj Allianz Life Assured Wealth Goal.
“ The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”