Bajaj Allianz Life Guaranteed Income Goal

Bajaj Allianz Life Guaranteed Income Goal

Investment Plan
Investment plan that ensures financial security to meet future goals
  • Non-linked, non-participating endowment life insurance plan 

  • Guaranteed1 increasing income5 

  • Option to extend life cover beyond policy term  

  • Tax benefits as per prevailing Income Tax laws 

  • Choice of 2 variants – Income Benefit & Lumpsum Benefit 

5Available with Income Benefit 

1Conditions apply. The Guaranteed benefits are dependent on the policy term, premium payment term availed along with other variable factors. View details at www.bajajallianzlife.com). 

View the latest and complete list of rates and charges  

 

 

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 (Extended Life Cover),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 POS guidelines, as amended from time to time 

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

Lumpsum Benefit 

PT (in years) 

10 

12 

15 

20 

PPT (in years) 

5, 7, 10 

5, 7, 8, 12 

5, 7, 8, 10, 12 

5, 7, 8, 10, 12 

Income Benefit 

PT (in years) 

10 

12 

PPT (in years) 

5, 7, 10 

5, 7, 12 

 

Minimum Premium (Rs) 

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 

Rs. 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 & 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. 

  • Identify proof 

  • Age proof 

  • Address proof 

  • Recent photograph 

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