Bajaj Allianz Life Goal Suraksha (116N155V14)

A Non linked, Non-Participating, Individual, Life Insurance Savings Plan.

Features

Bajaj Allianz Life Goal Suraksha is a non-linked, life, individual, non-participating, limited premium payment, non-medical, savings plan. The key advantages of this plan are:

  • Guaranteed maturity benefit
  • Offers Guaranteed Additions at maturity
  • Limited premium payment term
  • Option to take policy loan
  • Option to alter premium payment mode

Eligibility Criteria

Parameter

Details

Minimum Entry Age

0 years

On attaining the age of majority, i.e., 18 years, the Policy will vest on Life Assured

Maximum Entry Age

55 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

65 years

Policy Term (PT) & Premium Payment Term (PPT)

Minimum Premium

 

PT (In years)

10

12

15

20

PPT (In years)

7

6, 7, 8

5, 6, 7, 8, 10 & 12

5, 6 , 7, 8, 10 & 12

 

Mode

Yearly

Half-Yearly*

Quarterly*

Monthly*

Premium (Rs.)

3,000

2,100

1,250

450

 

Maximum Premium

As per Maximum Sum Assured

Minimum Sum Assured

Age

Minimum Sum Assured

0-49

21,000

50-55

15,000

Maximum Sum Assured

Rs.25,00,000

(As per prevailing POS guidelines, as amended from time to time, and as per the prevailing Board Approved Underwriting Policy)

Premium Payment Frequency

Yearly, Half yearly, Quarterly and Monthly

*Half-Yearly, Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

*All ages mentioned above are age as on last birthday. Risk cover, even for minor life, will commence immediately on the date of commencement of risk of the policy. The product is available for sale through online mode.

Brochures

Life insurance Related Products

Disclaimer

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 Goal Suraksha. 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.”