Bajaj Allianz Life Assured Wealth Goal Platinum (116N188V02)

Features

  • Choice of variants: Select the variant as per needs
  1. Smart Income: Customer can receive Early Guaranteed Payouts starting as early as from the beginning of 2nd policy year for the policy term and will have an option to choose Early Guaranteed Payouts start year. Regular Guaranteed Payouts are paid at the beginning of policy year during the Income Period and income period starts after the policy term.
  2. Regular Income: Regular Guaranteed Payouts starting from the beginning of policy year during the Income Period and income period starts after the policy term. Customer will have a choice to plan income start year by opting for a deferment period.
  • Security: Life Cover to protect family
  • Guarantee: All the benefits of the policy are guaranteed!
  • Liquidity: Income begins as early as from start of 2nd policy year
  • Tax benefits: Receive benefits as per prevailing tax laws

Eligibility Criteria

Plan Option

Smart Income

Regular Income

Premium Payment Term

(PPT) (in years)

5/ 6/ 7 / 8 / 10 / 12

5 / 6 / 7 / 8 / 10 / 12

Policy Term (PT) (in years)

Equal to PPT

5 to 17 years

Income Period (in years)

20/ 25 / 30

 

5/ 7/ 10/12/ 15

20/ 25/ 30

Enhanced ROP

Yes

No

Yes

 

Minimum

Maximum

Minimum

Maximum

Age at Entry (years)

6

60

1

60

Age at Maturity (years)

18

72

18

77

Annualized Premium (`)

`30,000

No limit, subject to

Board Approved

Underwriting Policy

`30,000

No limit, subject to

Board Approved

Underwriting Policy


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. 
For female lives, the age set-back of 3 years will be applicable for calculation of SA Multiple and Maturity Benefit/ Income payout. Income Period will commence after the end of Deferment Period. The deferment period will be PT minus PPT (in years).

Brochures

Life insurance Related Products

Disclaimer

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 Platinum.

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.”