Bajaj Allianz Life Guaranteed Income Goal (116N157V09)
A non-linked non-participating life, individual, savings, regular & limited premium payment endowment plan.
Features
- Choice of 2 Variants depending up on Life Goal
- Income Benefit
- Lump-sum Benefit
- Get Guaranteed Increasing Income under Income Benefit
- Option to extend Life Cover beyond Policy Term
- Multiple Policy Terms & Premium Payment Terms to choose from
- Choice of 5 Riders to Enhance Cover
Eligibility Criteria
|
Parameter |
Details |
|||||||
|
Minimum Entry Age |
6 Years |
|||||||
|
Maximum Entry Age |
60 Years |
|||||||
|
Minimum Age at Maturity |
18 Years |
|||||||
|
Maximum Age at Maturity |
72 Years · The maximum maturity age does not include the ELC, if opted for or Income Period · For policies purchased through POS channel, the maximum age at maturity will be as per prevailing POS guidelines, as amended from time to time |
|||||||
|
Maximum Age for termination of life cover (if ELC is opted) |
84 Years · For policies purchased through POS channel, the maximum age for termination of life cover (if ELC is opted for) will be as per prevailing guidelines, as amended from time to time |
|||||||
|
Policy Term (PT)&Premium Payment Term (PPT) |
Lump-sum Benefit |
|||||||
|
PT (In Year) |
10 |
12 |
15 |
20 |
||||
|
PPT (In Year) |
5,7,10 |
5,7,8,12 |
5,7,8,10,12 |
5,7,8,10,12 |
||||
|
Income Benefit |
||||||||
|
PT (In Year) |
5 |
7 |
10 |
12 |
||||
|
PPT (In Year) |
5 |
7 |
5,7,10 |
5,7,12 |
||||
|
Minimum Premium |
Variant |
Yearly |
Half-Yearly |
Quarterly* |
Monthly* |
|||
|
Lump-sum |
22,855 |
11,656 |
5,942 |
2,057 |
||||
|
Income |
28,822 |
14,699 |
7,494 |
2,594 |
||||
|
Maximum Premium |
As per Maximum Sum Assured |
|||||||
|
Minimum Sum Assured |
1,00,000 |
|||||||
|
Maximum Sum Assured |
Based on Board Approved Underwriting Policy (For policies purchased through POS channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time) |
|||||||
|
Premium Payment Frequency |
Yearly, Half-Yearly, Quarterly and Monthly * Quarterly and Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities) |
|||||||
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.
Premium will vary depending upon the Variant chosen.
Brochures
Life insurance Related Products
Ageas Federal Wealthsurance Growth Insurance Plan SP
Features & Benefits
With Wealthsurance, you pay just once and can enjoy growth on your investments along with a life cover.
Ageas federal life insurance Platinum Wealth Builder Plan
Features & Benefits
Unit Linked, Non-Participating, Individual Life Insurance Plan
Ageas Federal Smart Growth Plan
Features & Benefits
Accomplish your goals the smart way - A ULIP Plan Which Will Help You Grow Your Wealth While Protecting Your Loved Ones. (UlN 135L053V02)
Ageas Federal Wealth Gain Insurance Plan
Features & Benefits
Build your wealth with the flexibility of monthly or annual payment options
Ageas federal life insurance iSecure Plan
Features & Benefits
A Non-linked, Non-participating, Individual, Pure Risk Premium and Savings Life Insurance Plan
Ageas Federal Guaranteed Lifetime Income Plan
Features & Benefits
For An Enjoyable Retirement With Guaranteed Income
Ageas Federal Life Insurance Saral Pension Plan
Features & Benefits
A Single Premium, Non-linked, Non-Participating, Individual, Immediate Annuity Plan
Ageas Federal Guaranteed Wealth Plan
Features & Benefits
A non linked, non participating life insurance plan. Don't rely on luck, Guarantee your future.
Ageas Federal Life Insurance Assured Income Plan
Features & Benefits
A Non-linked, Non - Participating, Individual, Savings, Life Insurance Plan
Ageas federal life insurance Super Cash Plan
Features & Benefits
A Non-linked, Participating, Individual Life Insurance Savings Plan.
Ageas Federal Guaranteed Income Plan
Features & Benefits
A quick, hassle-free life insurance plan with guaranteed payouts or lumpsum depending on the option chosen.
Ageas Federal Life Advantage Plus Plan
Features & Benefits
A Non-linked, Participating, Individual Life, Savings Insurance Plan
Ageas Federal Young Star Plus Plan
Features & Benefits
The plan keeps you committed to regular savings and boosts your corpus with guaranteed additions and bonus contributions. It provides guaranteed pay outs in a chosen timeframe to help you fund the crucial milestones of your child’s life. And most importantly, it ensures that your loved one’s dreams stay financially safe even in case of your unfortunate absence.
Ageas Federal Group Loan Secure Plan
Features & Benefits
A single premium, non-linked, non-participating, group credit term plan
Ageas Federal Life Insurance Group Credit Shield Plan II
Features & Benefits
A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan
Group Credit Shield Plan Cover For Federal Bank Credit Card Holders
Features & Benefits
A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan
Disclaimer
All Charges applicable shall be levied. This brochure should be read in conjunction with the Benefit Illustration. The policy document is the conclusive evident of contract and provides in
details all the conditions and exclusions related to Bajaj Allianz Life Guaranteed Income Goal. Please ask for the same along with the quotation
“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.”