Bajaj Allianz Life Insurance Company is one of the most prominent private sector insurance companies in India. Established in the year 2001, it is a joint venture between Bajaj Finserv Limited, Indian Financial Services Company with a part of the Bajaj Group and Allianz SE, leading insurance company in the world. The company operates across the country with 509 branches, over 90,000 agents and its multi-distribution channels. Bajaj Allianz Life Insurance Company offers a wide spectrum of life insurance products and innovative investment products to meet life goals. With its diversity and widespread presence, the company has received many awards and recognition for its consistent contribution to the insurance industry. Following are some of the awards received by the company:
Products offered by Bajaj Allianz Life Insurance includes term plans, savings plans, investment plans, health care plans, retirement plans, child insurance plans, micro insurance, group insurance and ULIPs.
Following are the benefits of policies offered by Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance Company offers a diverse range of products. Following is the product portfolio of the company:
There are various plans offered under each category of product. Let’s learn from each of the plans offered under the product category.
Bajaj Allianz Life Insurance Company offers various term insurance plans both on the offline and online platform.
Plan Name |
Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Bajaj Allianz Life Smart Protect Goal |
18 years to 65 years |
With ROP: 75 years Without ROP: 85 years Whole life: 99 years |
5 years to 30 years |
Minimum: INR 50 lakhs |
Bajaj Allianz Life Saral Jeevan Bima |
18 years to 65 years |
70 years |
5 years to 40 years |
INR 5 lakhs to INR 25 lakhs |
Bajaj Allianz iSecure Plan |
18 years to 60 years |
28 years to 70 years |
10,15,20,25 and 30 years |
INR 2.5 lakhs to no limit |
Bajaj Allianz iSecure More Plan |
18 years to 60 years |
28 years to 70 years |
10,15,20 and 25years |
INR 2.5 lakhs to no limit |
Bajaj Allianz iSecure Loan Plan |
18 years to 60 years |
28 years to 65 years |
10,15,20 and 25 years |
INR 3 lakhs to no limit |
Bajaj Allianz Life Secure Plan |
25 years to 55 years (for coverage I & II) and 50 years (for coverage III) |
100 years |
(100 – the age at entry) years |
INR 20 lakhs to no limit |
Bajaj Allianz Lifestyle Secure Plan |
18 years to 50 years |
23 years to 60 years |
5,7,10,15 and 20 years |
INR 3 lakhs to INR 15 lakhs |
Bajaj Allianz eTouch Online Term Plan |
18 years to 65 years |
28 years to 75 years |
10 to 40 years |
INR 50,00,000 to no limit For ADB and ATPDB only up to INR 2 Cr For ACI only up to INR 75,00,000 |
Bajaj Allianz Total Health Secure Goal Plan |
18 years to 60 years |
– |
Life cover – 10,15,20,25 and 30 years Health cover – renewable for life |
Life cover – INR 2.5 lakhs to no limit Health cover – INR 1.5 lakhs to INR 50 lakhs |
Bajaj Allianz Life Smart Protect Goal is an individual, non-participating savings and term cover life plan. The policy is specially designed with extravagant features and add-on covers to enhance the protective cover for the policyholder’s family.
Key features of Bajaj Allianz Life Smart Protect Goal:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
18 years |
65 years |
Maturity age |
– |
|
Policy term |
|
|
Sum assured |
INR 50 Lakhs |
As per Board guidelines |
Premium payment term |
|
|
Premium payment frequency |
Monthly, quarterly, half-yearly and yearly |
Bajaj Allianz Life Saral Jeevan Bima
Bajaj Allianz Life Saral Jeevan Bima is an individual, non-linked pure risk premium life insurance plan that has been carefully designed to protect the lives of your loved ones in a much better way. The plan promises to pay the sum assured in case the policyholder dies during the policy term.
Key features of Bajaj Allianz Saral Jeevan Bima policy:
Eligibility criteria |
Minimum |
Maximum |
Entry age |
18 years |
65 years |
Maturity age |
– |
70 years |
Policy term |
5 years |
40 years |
Sum assured |
INR 5 Lakhs |
INR 25 Lakhs |
Premium Payment Term |
|
|
Premium Payment Frequency |
Monthly, quarterly, half-yearly, and yearly. |
Bajaj Allianz iSecure Plan offered by Bajaj Allianz Life Insurance Company is an online term insurance plan that essentially protects the insured family in the event of uncertainties like death. The policy comes with various amazing features to meet the financial needs of the family.
Features of Bajaj Allianz iSecure Plan
Eligibility Criteria for Bajaj Allianz iSecure Plan:
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 60 years |
Maturity age | 28 years | 70 years |
Policy term | 10,15,20,25 and 30 years | |
Sum assured | INR 2,50,000 | No limit |
Premium payment term | Same as
policy term |
|
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz iSecure More Plan is a non-participating, increasing life cover policy that ensures the financial stability of insured’s family in the event of uncertainties with many of its amazing features
Features of Bajaj Allianz iSecure More Plan
Eligibility Criteria for Bajaj Allianz iSecure More Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 60 years |
Maturity age | 28 years | 70 years |
Policy term | 10,15,20 and 25 years | |
Sum assured | INR 2,50,000 | No limit |
Premium payment term | Same as the policy term | |
Premium payment frequency | Yearly/ half-yearly/ quarterly/ monthly modes |
Bajaj Allianz iSecure loan is a non-participating, mortgage cover term plan that is designed to provide financial security to insured’ family against loan dues in case of uncertainties. With many promising features, the plan helps the family to focus on goals in difficult times.
Features of Bajaj Allianz iSecure Loan Plan
Eligibility Criteria for Bajaj Allianz iSecure Loan Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 60 years |
Maturity age | 28 years | 65 years |
Policy term | 10,15,20 and 25 years | |
Sum assured | INR 3,00,000 | No limit |
Premium payment term | 2/3rd of the policy term chosen (rounded down in years) | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Life secure plan is a non-linked, whole life term assurance plan that provides lifelong coverage to the insured to help him/her to leave behind the legacy for loved ones. The policy comes with various amazing features.
Features of Bajaj Allianz Life Secure Plan
Eligibility Criteria for Bajaj Allianz Life Secure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | ||
Coverage option I and II | 25 years | 55 years |
Coverage option III | 25 years | 50 years |
Maturity age | – | 100 years |
Policy term | (100 –the age at entry) years | |
Sum assured | INR 20,00,000 | No limit |
Premium payment term | 5,7,10 and 15 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Lifestyle secure plan is a non-linked, non-participating level term assurance plan that comes with the in-built benefit of a terminal illness. The plan comes with remarkable features that ensure the insured’s family lifestyle is maintained during the uncertainties of life.
Features of Bajaj Allianz Lifestyle Secure Plan
Eligibility Criteria for Bajaj Allianz Lifestyle Secure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 50 years |
Maturity age | 23 years | 60 years |
Policy term | 5,7,10,15 and 20 years | |
Sum assured | INR 3,00,000 | INR 15,00,000 |
Premium payment term | Same as the policy term | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz eTouch online term plan is a comprehensive plan that offers financial protection during uncertainties such as death, accidental disability and critical illness. The policy comes in many variants to suit the needs of every individual.
Features of Bajaj Allianz eTouch Online Term Plan
Eligibility Criteria for Bajaj Allianz eTouch Online Term Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 65 years |
Maturity age | 28 years | 75 years |
Policy term | 10 years | 40 years |
Sum assured | ||
Life cover | INR 50,00,000 | No limit |
Accidental death, ATPDB | INR 50,00,000 | INR 2 Cr |
Accelerated Critical Illness | INR 50,00,000 | INR 75,00,000 |
Premium payment term | Same as the policy term | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
This plan is a combination of life and health insurance that offers complete health care along with life cover.
Features of Bajaj Allianz Total Health Secure Goal Plan
Eligibility Criteria for Bajaj Allianz Total Health Secure Goal Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 60 years |
Policy term | 10,15,20,25 and 30 years (life cover), health cover renewable for life | |
Sum assured | ||
Life cover | INR 2,50,000 | No limit |
Health cover | INR 1,50,000 | INR 50,00,000 |
Premium payment term | Same as the policy term | |
Premium payment frequency | Yearly |
Bajaj Allianz Life Insurance Company offers a variety of savings plans that offer savings + protection benefits that help in achieving life goals.
List of Bajaj Allianz Savings Plan
Plan Name | Entry Age | Maturity Age | Policy Term | Sum Assured |
Guaranteed Income Goal Plan | 6 years to 60 years | 18 years to 72 years (can be extended to 84 years) | 5 years to 12 years | INR 1 lakh to no limit |
Save Assure Plan | 1 year to 60 years | 18 years to 75 years | 15,17 years | INR 1 lakh to no limit |
Guarantee Assure Plan | 9 years to 60 years | 18 years to 69 years | 7,8 and 9 years | INR 1 lakh to no limit |
Cash Assure Plan | 0 year to 54 years | 18 years to 70 years | 16,20,24 and 28 years | INR 1 lakh to no limit |
Super Life Assure Plan | 0 year to 55 years (life), 18 years to 50 years (super) | 18 years to 70 years (life), 30 years to 70 years (super) | 12 to 20 years | INR 50,000 to no limit (life), INR 1 lakh to no limit (super) |
Income Assure Plan | 0 year to 50 years | 18 years to 74 years | 17,19,22 and 24 years | 144 X monthly guaranteed income to no limit |
POS Goal Suraksha Plan | 18 years to 55 years | 28 years to 65 years | 10 and 15 years | INR 30,000 to INR 10,00,000 |
Bajaj Allianz Life Flexi Income Goal
Bajaj Allianz Life Flexi Income Goal is a plan that is designed in a way to fund the life goals of every individual. The plan comes with regular income, lump sum income or a mixture of both of them as per the requirements of the policyholder. Apart from this, other benefits like Joint Life Cover, waiver of premium, etc are also there to make the plan even more efficient.
Features of Bajaj Allianz Flexi Income Goal:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
For single life: 0 years For joint life: 18 years |
55 years |
Maturity age |
18 years |
99 years |
Policy term |
PPT plus 12 years |
99 years minus Age at entry |
Sum assured |
INR 2,01,600
INR 2,30,400
INR 3,16,800 |
No Limit |
Premium payment term |
5 to 20 years |
|
Premium payment frequency |
As per minimum sum assured |
As per maximum sum assured |
Bajaj Allianz Life Guaranteed Saving Goal
Bajaj Allianz Life guaranteed saving goal is a non-linked, life insurance plus endowment plan that has been crafted to ensure our future is in safe hands. This is a plan that comes with a lot of options that makes the plan much more efficient.
Key Features of Bajaj Allianz Life Guaranteed Saving Goal:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
6 years |
60 years |
Maturity age |
18 years |
72 years |
Policy term |
For lump sum benefit : 10, 12, 15, 20 For income benefit : 5 , 7, 10, 12 |
|
Sum assured |
INR 1 Lakh |
As per the board guidelines |
Premium payment term |
5 to 12 years |
|
Premium payment frequency |
Yearly, half-yearly, quarterly, and monthly |
This plan is a non-linked, non-participating endowment plan that comes with guaranteed benefits that take investor close to life goals.
Features of Bajaj Allianz Guaranteed Income Goal Plan
Eligibility Criteria for Bajaj Allianz Guaranteed Income Goal Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 6 years | 60 years |
Maturity age | 18 years | 72 years can be extended up to 84 years |
Sum assured | INR 1,00,000 | No limit |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Policy term | Premium payment term | |
Lump-sum benefit | Policy of 10 years | PPT= 5,7 and 10 years |
Policy of 12 years | PPT= 5,7 and 12 years | |
Income benefit | Policy of 5 years | PPT= 5 years |
Policy of 7 years | PPT= 7 years | |
Policy of 10 years | PPT= 5,7 and 10 years | |
Policy of 12 years | PPT= 5,7 and 12 years |
Bajaj Allianz Save Assure Plan is a limited premium non-participating endowment plan that offers guaranteed benefits to secure the family during uncertainties along with the benefit of savings.
Features of Bajaj Allianz Save Assure Plan
Eligibility Criteria for Bajaj Allianz Save Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 1 year | 60 years |
Maturity age | 18 years | 75 years |
Policy term | 15, 17 years | |
Sum assured | INR 1,00,000 | No limit |
Premium payment term | (policy term – 5 years) | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
This plan is a non-participating, non-linked limited premium endowment plan that helps in securing future goals with guaranteed benefits
Features of Bajaj Allianz Guarantee Assure Plan
Eligibility Criteria for Bajaj Allianz Guarantee Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 9 years | 60 years |
Maturity age | 18 years | 69 years |
Policy term | 7,8 and 9 years | |
Sum assured | INR 1,00,000 | No limit |
Premium payment term | 5 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Cash Assure Plan is a traditional money back policy that offers corpus at regular intervals which will help in meeting life stage requirements.
Features of Bajaj Allianz Cash Assure Plan:
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 54 years |
Maturity age | 18 years | 70 years |
Policy term | 16,20,24 and 28 years | |
Sum assured | INR 1,00,000 | No limit |
Premium payment term | (Policy term – 5 years) | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Super Life Assure Plan is a non-linked, participating endowment plan that brings a combination of life protection and disciplined savings for future goals.
Features of Super Life Assure Plan
Eligibility Criteria for Bajaj Allianz Super Life Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | ||
|
0 years | 55 years |
|
18 years | 50 years |
Maturity age | ||
|
18 years | 70 years |
|
30 years | 70 years |
Policy term | 12 years | 20 years |
Sum Assured | ||
|
INR 50,000 | No Limit |
|
INR 1,00,000 | |
Premium payment term | Same as policy term | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Income Assure Plan is a non-linked, participating monthly income endowment plan that offers guaranteed monthly income to the family of insured to help them have financial stability during difficult days.
Features of Bajaj Allianz Income Assure Plan
Eligibility Criteria for Bajaj Allianz Income Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 50 years |
Maturity age | 18 years | 74 years |
Policy term | 17,19,22 and 24 years | |
Sum assured | 144 X guaranteed monthly income | No limit |
Premium payment term | 5,7,10 and 12 years | |
Premium payment frequency | Yearly /monthly |
Bajaj Allianz POS Goal Suraksha Plan is a non-linked, non-participating endowment plan that offers guaranteed maturity benefits to secure future goals.
Features of Bajaj Allianz POS Goal Suraksha Plan
Eligibility Criteria for Bajaj Allianz POS Goal Suraksha Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 55 years |
Maturity age | 28 years | 65 years |
Sum assured | INR 30,000 | INR 10,00,000 |
Premium payment frequency | Yearly /half-yearly/quarterly/monthly |
Policy term | Premium payment term |
10 years | 7 years |
15 years | 5,7 and 10 years |
Bajaj Allianz Life Insurance Company offers various investment plans that mainly focus on wealth creation for major milestones of life such a children education, dream holiday or for wedding etc along with providing life protection.
List of Bajaj Allianz Investment Plans
Plan Name |
Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Bajaj Allianz Capital Assure Goal |
8 years to 60 years |
18 years to 70 years |
10 years to 15 years |
NA |
Bajaj Allianz Capital Goal Suraksha |
18 years to 55 years |
28 years to 65 years |
10 to 15 years |
NA |
Bajaj Allianz My Wealth Goal Plan |
10 years to 55 years |
100 years |
(100- the age at entry) years |
NA |
Bajaj Allianz Invest Assure Plan |
0 year to 50 years (silver), 18 years to 50 years (gold) |
18 years to 70 years (silver), 65 years (gold) |
17 years to 40 years (silver), 15 years to 40 years (gold |
INR 1 lakh to no limit |
Bajaj Allianz Elite Assure Plan |
0 year to 55 years |
18 years to 70 years |
15,20,25 and 30 years |
10 times of annualised premium |
Bajaj Allianz Capital Assure Goal
Bajaj Allianz Capital Assure Goal is specially designed to provide the policyholder with a better future by offering better returns. The plan comes with a lot of attractive features and offers life cover apart from good income and this makes it worth buying.
Key features of Bajaj Allianz Capital Assure Goal :
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
8 years |
60 years |
Maturity age |
18 years |
70 years |
Policy term |
10 years |
15 years |
Premium payment term |
5 to 10 years |
|
Premium payment frequency |
Yearly, half-yearly, quarterly and monthly. |
Bajaj Allianz Capital Goal Suraksha
Bajaj Allianz Capital Goal Suraksha is a non-linked, non-participating endowment plan that offers guaranteed returns at maturity apart from providing protection.
Key features of Bajaj Allianz Capital Goal Suraksha:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
18 years |
55 years |
Maturity age |
28 years |
65 years |
Policy term |
10 years to 15 years |
|
Premium payment term |
7 years to 10 years |
|
Premium payment frequency |
Yearly, half-yearly, monthly and quarterly. |
It is a combination product that offers insurance and investment under one umbrella in order to provide the benefit of both income generation and wealth creation.
Features of Bajaj Allianz My Wealth Goal Plan
Eligibility Criteria for Bajaj Allianz My Wealth Goal Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 10 years | 55 years |
Maturity age | – | 100 years |
Policy term | (100- entry age) years | |
Premium payment term
Future wealth gain Lifelong assure |
5,7,10 and 15 years 10,15 and 20 years |
|
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
It is a non-linked, participating limited premium endowment plan that offers financial security to insured’s family even when he/she is not around.
Features of Bajaj Allianz Invest Assure Plan
Eligibility Criteria for Bajaj Allianz Invest Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age
Silver Gold |
0 year 18 years |
50 years 50 years |
Maturity age
Silver gold |
18 years |
70 years 65 years |
Policy term
Silver Gold |
17 years 15 years |
40 years 40 years |
Sum assured | INR 1,00,000 | No limit |
Premium payment term | Depends on variant and policy term chosen | |
Premium payment frequency | Yearly /half-yearly/quarterly/monthly |
Bajaj Allianz Elite Assure Plan is a non-linked endowment plan that provides an attractive return on investment along with life cover which helps to attain future financial goals
Features of Bajaj Allianz Elite Assure Plan
Eligibility Criteria for Bajaj Allianz Elite Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 55 years |
Maturity age | 18 years | 70 years |
Policy term | 15,20,25 and 30 years | |
Sum assured | 10 times of annualised premium | |
Guaranteed maturity benefit | INR 5,00,000 | No limit |
Premium payment term | 7,10 and equal to the policy term | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Bajaj Allianz Life Insurance Company offers various ULIPs to provide an ideal solution for investment and insurance needs of a diverse range of investors. ULIPs offer the best of both the world by providing life protection along with maximising the returns by investing in the capital market.
List of Bajaj Allianz Unit Linked Investment Plans (ULIPs)
Bajaj Allianz Smart Wealth Goal
Bajaj Allianz Life Goal Assure
Plan Name |
Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Bajaj Allianz Smart Wealth Goal |
0 years to 60 years |
18 years to 85 years |
10 years to 30 years |
10 times the Annualized premium |
Bajaj Allianz Life Goal Assure |
0 years to 60 years |
75 years |
5, 10, 15 or 20 years |
Minimum: 10 times the annualized premium |
Bajaj Allianz Future Gain Plan |
1 year to 60 years |
18 years to 70 years |
10 to 30 years |
Based on age at entry and policy term chosen |
Bajaj Allianz Fortune Gain Plan |
1 year to 63 years |
18 years to 70 years |
7 to 30 years |
Based on age at entry and policy term chosen |
Bajaj Allianz Principal Gain Plan |
7 year to 60 years |
18 years to 70 years |
7 to 15 years |
10 times the annualised premium |
Bajaj Allianz Future Wealth Gain Plan |
0 year to 60 years |
18 years to 75 years |
10 to 25 years |
Based on age at entry and policy term chosen |
Bajaj Allianz Goal-Based Saving Plan |
0 year to 60 years |
18 years to 75 years |
5,10,15 and 20 years |
Higher of 10 times annualised premium or 0.5 X policy term X annualised premium (age < 45 years) Higher of 10 times annualised premium or 0.25 X policy term X annualised premium (age ≥45 years) |
Bajaj Allianz Smart Wealth Goal
Bajaj Allianz Smart Wealth Goal is a Unit Linked Insurance Plan that has been designed in a way to provide better returns so that the policyholder faces no hindrance while achieving his life goals. The plan offers three variants and features like return of mortality charge, return of allocation charges and fund booster that help in faster wealth creation and ultimately makes the plan stand for its value.
Key features of Bajaj Allianz Smart Wealth Goal Plan:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
0 years |
60 years |
Maturity age |
18 years |
85 years |
Policy term |
10 years |
30 years |
Sum assured |
10 times the Annualized premium |
|
Premium payment term |
5 years |
Equal to the policy term |
Premium payment frequency |
Yearly, half-yearly, quarterly and monthly. |
Bajaj Allianz Life Goal Assure
Bajaj Allianz Life Goal Assure is an individual life, non-participating unit-linked endowment plan that offers eight fund options and four investment strategies to choose from as per the needs and risk appetite. The plan comes with attractive features like fund boosters, return of life cover charges, etc that assure maximized returns upon the investments made.
Key Features of Bajaj Allianz Life Goal Assure:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
0 years |
60 years |
Maturity age |
_ |
75 years |
Sum Assured |
10 times the annualized premium |
Depending upon the age and policy term. |
Policy term |
5, 10, 15 or 20 years |
|
Premium payment term |
|
|
Premium payment frequency |
Yearly, half-yearly, quarterly and monthly. |
Bajaj Allianz Goal Assure Plan offers smart investment choices along with providing life cover in order to achieve medium and long-term goals of investors.
Features of Bajaj Allianz Goal Assure Plan
Eligibility Criteria for Bajaj Allianz Goal Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 60 years |
Maturity age | – | 75 years |
Sum assured
Less than 45 years of age
More than or equal to 45 years of age |
Higher of 10 times annualised premium or 0.5 X policy term X annualised premium Higher of 10 times annualised premium or 0.25 X policy term X annualised premium |
|
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Policy term | Premium payment term |
5 years | 5 years |
10 years | 5,7 or 10 years |
15 years | 10 or 15 years |
20 years | 15 or 20 years |
Bajaj Allianz Future Gain ULIP plan offered by Bajaj Allianz Life Insurance Company offers various flexible features and benefits to enhance return and help to achieve financial goals in future.
Features of Bajaj Allianz Future Gain Plan
Eligibility Criteria for Bajaj Allianz Future Gain Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 1 year | 60 years |
Maturity age | 18 years | 70 years |
Policy term | 10 to 30 years | |
Sum assured | Based on age at entry and policy term | |
Premium payment term | 5 to 30 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
It is a single premium ULIP plan that offers a higher return by investing in market-linked funds along with various flexible features to achieve long-term goals.
Features of Bajaj Allianz Fortune Gain Plan
Eligibility Criteria for Bajaj Allianz Fortune Gain Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 1 year | 63 years |
Maturity age | 18 years | 70 years |
Policy term | 7 to 30 years | |
Sum assured | Based on age at entry and policy term | |
Premium payment term | Single premium |
This ULIP plan comes with capital protection benefit that offers security in spite of market performance. It is a combination of life coverage and disciplined savings.
Features of Bajaj Allianz Principal Gain Plan
Eligibility Criteria for Bajaj Allianz Principal Gain Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 7 years | 60 years |
Maturity age | 18 years | 70 years |
Policy term | 7 to 15 years | |
Sum assured | 10 times of annual premium | |
Premium payment term | 5 to 15 years | |
Premium payment frequency | Yearly/ monthly |
It is a non-participating, unit-linked endowment plan that offers the benefit of life protection and wealth creation for fulfilling life dreams.
Features of Bajaj Allianz Future Wealth Gain Plan
Eligibility Criteria for Bajaj Allianz Future Wealth Gain Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 60 years |
Maturity age | 18 years | 75 years |
Policy term | 10 to 25 years | |
Sum assured | Based on age at entry and policy term | |
Premium payment term | 5 to 15 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
It is a new age ULIP that offers protection and capital appreciation by investing in various market-linked funds. The plan helps to achieve future life goals with the potential for high returns.
Features of Bajaj Allianz Goal-Based Savings Plan
Eligibility Criteria for Bajaj Allianz Goal-Based Savings Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 0 years | 60 years |
Maturity age | 18 years | 75 years |
Sum assured
Less than 45 years of age
More than or equal to 45 years of age |
Higher of 10 times annualised premium or 0.5 X policy term X annualised premium Higher of 10 times annualised premium or 0.25 X policy term X annualised premium |
|
Premium payment frequency | Single/Yearly/half-yearly/quarterly/monthly |
Policy term | Premium payment term |
5 years | 5 years |
10 years | 5 and 10 years |
15 years | 5,7 and 10 years |
20 years | 15 years |
Bajaj Allianz Healthcare Goal is an individual, non-participating, healthcare plan that offers coverage for 36 critical illnesses including cancer and heart diseases. The plan offers 4 variants of the policy so that the policyholder can select one according to his needs. Family cover option, Return of Premium and waiver of premium are some additional features making the plan for everyone.
Key features of Bajaj Allianz Healthcare Goal plan:
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
18 years |
65 years |
Maturity age |
75 years |
|
Policy term |
|
Bajaj Allianz Life Insurance Company offers a variety of retirement plans to financially secure the golden years.
List of Bajaj Allianz Retirement Plans
List of Bajaj Allianz Retirement Plans
Plan Name |
Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Bajaj Allianz Life Saral Pension Plan |
40 years to 80 years |
NA |
NA |
NA |
Bajaj Allianz Guaranteed Pension Goal |
Immediate: 30 to 85 years Deferred: 45 to 84 years |
NA |
NA |
NA |
Bajaj Allianz Long-life Goal Plan |
0 years to 65 years |
99 years |
99 – the age at entry |
Higher of 10 times annualised premium or 0.5 X (70 – age at entry) X annualised premium (age < 45 years) Higher of 10 times annualised premium or 0.25 X (70 –the age at entry) X annualised premium (age ≥45 years) |
Bajaj Allianz Pension Guarantee Plan |
37 years to 80 years |
NA |
NA |
NA |
Bajaj Allianz Retire Rich Plan |
30 years to 73 years |
37 years to 80 years |
7 years to 30 years |
NA |
Bajaj Allianz Saral Pension Plan
Bajaj Allianz Life Saral Pension Plan is a single premium, non-linked, individual immediate annuity plan which stands fit to fulfil all your retirement goals. The plan provides a regular income and returns back the purchase price on the policyholder’s death, all this makes Bajaj Allianz Saral Pension effective in every way.
Key Features of Bajaj Allianz Saral pension Plan:
incomes for both lives.
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
40 years |
80 years |
Annuity Amount |
|
No Limit |
Sum assured |
Depends upon the annuity amount |
|
Premium payment term |
Single-Premium |
|
Premium payment frequency |
Yearly, half-yearly, quarterly, and monthly. |
Bajaj Allianz Guaranteed Pension Goal
Bajaj Allianz Guaranteed Pension Goal is a non-linked, non-participating, immediate, and deferred annuity plan which has been designed to provide guaranteed returns for life to keep up with the lifestyle goals of the policyholder.
Key features of Bajaj Allianz Guaranteed Pension Goal
Eligibility Criteria |
Minimum |
Maximum |
Entry age |
Immediate: 30 years Deferred: 45 years |
85 years 84 years |
Annuity Amount |
Yearly: INR 12,000 Half-yearly: INR 6,000 Quarterly: INR 3,000 Monthly: INR 1,000 |
No Limit |
Sum assured |
As per the board guidelines |
|
Premium payment term |
|
|
Premium payment frequency |
Single-Premium |
This plan is an ideal solution for worry-free and comfortable retirement life that invests money in investment portfolio chosen to provide market-linked returns and build a good retirement corpus.
Features of Bajaj Allianz Long-life Goal Plan
Eligibility Criteria for Bajaj Allianz Long-life Goal Plan
Eligibility Criteria | Minimum | Maximum |
Entry age
With a waiver of premium Without waiver of premium |
0 years 18 years |
65 years No limit |
Maturity age | – | 99 years |
Policy term | (99 – the age at entry of the life assured) | |
Sum assured
Less than 45 years of age
More than or equal to 45 years of age |
Higher of 10 times annualised premium or 0.5 X (70 – the age at entry) X annualised premium Higher of 10 times annualised premium or 0.25 X (70 –the age at entry) X annualised premium |
|
Premium payment term | 10 to 25 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
It is an immediate annuity plan that ensures regular income is guaranteed to provide financial stability in the retirement age.
Features of Bajaj Allianz Pension Guarantee Plan
Eligibility Criteria for Bajaj Allianz Pension Guarantee Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 37 years | 80 years |
Purchase price | INR 25,000 | No limit |
Bajaj Allianz Retire Rich Plan is a unit-linked pension plan that secures post-retirement life with corpus building through market investments.
Features of Bajaj Allianz Retire Rich Plan
Eligibility Criteria for Bajaj Allianz Retire Rich Plan
Eligibility Criteria | Minimum | Maximum |
Bajaj Allianz Entry age | 30 years | 73 years |
Vesting age | 37 years | 80 years |
Policy term | 7 to 30 years | |
Premium payment term | 5 to 30 years |
Bajaj Allianz Life Insurance Company offers a variety of child insurance plans to fulfil children’s life goals. The plan provides adequate financial security to fulfil dreams and help achieve children’s important milestones in life.
List of Bajaj Allianz Child Insurance Plans
Plan Name | Entry Age | Maturity Age | Policy Term | Sum Assured |
Bajaj Allianz Young Assure Plan | 18 years to 50 years | 28 years to 60 years | 10,15 and 20 years | 10 times the annualised premium |
Bajaj Allianz Lifelong Assure Plan | 10 years to 15 years | 100 years | 100- the age at entry | INR 1 lakh to no limit |
Bajaj Allianz Young Assure Plan is a participating, traditional endowment plan which provides financial security to achieve long-term goals, specifically for children’s higher education.
Features of Bajaj Allianz Young Assure Plan
Eligibility Criteria for Bajaj Allianz Young Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 18 years | 50 years |
Maturity age | 28 years | 60 years |
Sum assured | 10 times the annualised premium | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
Policy term | Premium payment term |
10 years | 5,7 years |
15 years | 12,15 years |
20 years | 12,15 and 20 years |
This is a non-linked, whole life savings plan that comes with guaranteed cashback which will financially support to achieve children’s life goals
Features of Bajaj Allianz Lifelong Assure Plan
Eligibility Criteria for Bajaj Allianz Lifelong Assure Plan
Eligibility Criteria | Minimum | Maximum |
Entry age | 10 years | 55 years |
Policy term | 100 – the age at entry | |
Sum assured | INR 1,00,000 to INR no limit | |
Premium payment term | 10,15 and 20 years | |
Premium payment frequency | Yearly/half-yearly/quarterly/monthly |
This is a traditional endowment plan that is specifically designed to provide financial support to children’s higher education.
Features of Bajaj Allianz Young Assure Plus Plan
This a non-linked, non-participating, single and regular premium group micro term insurance plan that aims to provide insurance cover at an affordable cost.
PMJJBY is a group term insurance scheme offered by the Government of India which is renewable yearly.
This plan assures to provide complete reassurance to family members by providing adequate coverage.
This traditional variable group insurance plan is specifically designed for an employer to manage employee benefits such as gratuity, leave encashment and medical benefits.
It is a multi-featured plan that takes care of employee welfare requirements.
This is a non-linked, non-participating single premium group term insurance plan offers a return of premium on maturity proportionately.
This group plan offered by Bajaj Allianz Life insurance Company is a non-linked, non-participating, variable fund-based group superannuation scheme which can be taken by employers to build a substantial retirement fund for employees.
Bajaj Allianz Group Annuity Plan is an immediate annuity plan that offers regular income to the members of the group.
This is a non-participating group insurance plan that aims to cover various types of loans given by employers and borrowers of financial institutions and co-operatives. The plan intends to ease out the financial burden to member’s family in the event of death, permanent disability caused by an accident and critical illness.
It is a unit-linked group insurance policy that can be purchased by employers for helping employees in their retirement planning.
This group insurance plan offered by Bajaj Allianz Life Insurance Company intends to cover various types of microloans given by financial institutions, microfinance, and small finance banks and institutions etc. to their customers.
Group income protection plan offered by Bajaj Allianz Life Insurance Company is designed to provide regular income in the form of annuity and death benefits to the family of members.
Microinsurance plans offered by Bajaj Allianz Life Insurance Company are the plans that provide life cover to low-income group people against the uncertainties of life.
This is a non-linked, non-participating micro term insurance plan that comes with the return of premium facility on maturity.
This is a micro variable insurance plan that provides financial protection to families during uncertainties at an affordable rate
Following are the documents required for buying Bajaj Allianz Life Insurance plans:
The claim process for Bajaj Allianz Life Insurance plans are quite simple, time saving and hassle-free. Claims can be registered online as well as offline. Following is the simple claim process to follow:
Bajaj Allianz Life Insurance Company offers various additional optional riders which can be purchased at an additional cost of the premium. Following are the riders offered by the company:
The premium for Bajaj Allianz Life Insurance plans can be paid online via below modes
Premium payment at branches can also be done through cheque/demand draft/cash
Policy status can be checked online on the company’s portal by entering ‘application number’ or ‘proposal number’ along with the date of birth.
Yes. The policy can be cancelled within 30 days (free look period) online if the policyholder is not satisfied with the terms and conditions. However, it’s mandatory to state the reason for the same.
Bajaj Allianz Life Insurance policy can be renewed online just by making the premium amount due via payment methods available. Renewal can also be done at branch offices/registered banks by making premium payment via cheque/demand draft/cash.