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Bajaj Allianz Life Flexi Income Goal – Income Benefit

Our Life Goals change as per our life stage. Some of the Life Goals may need regular income whereas some may need lump sum income or mix of regular and lump sum. Our financial plan has to be flexible enough to meet our Life Goals income needs. Read More

Presenting Bajaj Allianz Life Flexi Income Goal, which has the option to provide cash bonus from the first month itself. Get more benefits like Joint Life Cover along with waiver of premium option to provide lump sum or guaranteed regular income for spouse in case of Life Assured's death.Read Less

FEATURES

150% of Sum Assured as Guaranteed Benefit with Cash Bonus (if any) & Terminal Bonus (if any) as mentioned below – Survival Benefits:

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Cash Bonus, if any (CB) from 1st month onwards

100% of Sum Assured as Guaranteed<sup>2</sup> Monthly Income (GMI) from end of PPT till Maturity

100% of Sum Assured as Guaranteed2 Monthly Income (GMI) from end of PPT till Maturity

At Maturity, Get Maturity Booster (50% of Sum Assured)

At Maturity, Get Maturity Booster (50% of Sum Assured)

Option to Accumulate the Survival Benefits and earn investment return

Option to Accumulate the Survival Benefits and earn investment return

Option to choose Joint Life Cover

Option to choose Joint Life Cover

PLAN OPTIONS/VARIANTS

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    Survival Benefit

    • Cash Bonus (CB): At the end of each Policy year, the non-guaranteed CB (if any) shall be payable. You can opt to take the CB in monthly instalments starting from the 1st month of your Policy. Also, you can accumulate the declared CB and earn Investment Return1 on the Accumulated Cash Bonus (ACB)

    • Guaranteed Monthly Income (GMI): At the end of the Premium Payment Term (PPT), GMI shall be payable every month, till the end of the Policy Term. The first instalment of GMI will be paid at the end of PPT. You can opt to take GMI as annual instalments. You also have an option to Accumulate Guaranteed Monthly Income (AGMI) in the Policy and earn Investment Return1 on the AGMI.

    • Cash Value (CV): If you have accumulated the CB &/or GMI, instead of receiving it as payouts, you will be entitled for Cash Value which will be total of ACB &/or AGMI including investment return thereon. Anytime during the Policy Term, you will have the option to withdraw the CV (partially or fully).

    Maturity Benefit

    Provided the Policy is in-force and the Life Assured is alive, as on the Maturity date, Maturity Booster (50% of Sum Assured) plus Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid.

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    Death Benefit

    If all due premiums are paid, then in case of unfortunate death of the life assured during the policy term,

    • 105% of Cash Value (if not fully withdrawn) plus Terminal Bonus (if any) will be paid immediately as lump-sum and

    • Sum Assured on Death will be paid as monthly income, over a period equal to outstanding Policy Term or 12 years, whichever is lower, and the 1st installment will start from date of death. However, your nominee can opt to take the death benefit in lumpsum, at the time of intimation of death.

    • The Policy will terminate on the payment of full death benefit

    Riders

    • Bajaj Allianz Accidental Death Benefit Rider (UIN:116B034V02)

    • Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider (UIN:116B036V02)

    • Bajaj Allianz Critical Illness Benefit Rider (UIN:116B035V02)

    • Bajaj Allianz Family Income Benefit Rider (UIN:116B037V02)

    • Bajaj Allianz Waiver of Premium Benefit Rider (UIN: 116B031V02)

ELIGIBILITY

Eligibility

  • Click on Know More for Eligibility

Know More

Documentation

  • ID Proof
  • Age Proof
  • Address Proof
  • Income Proof
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Bajaj Allianz life guaranteed pension goal

Disclaimer

1Investment return on Accumulated Guaranteed Benefit and Accumulate Guaranteed Monthly Income will be declared by the company every year
2Conditions apply. The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For details please refer to respective variant’s sales brochure.
# Sum Assured on Death is higher of the sum assured or 10 times of Annualized Premium*, further the death benefit plus Cash Bonus paid out will not be less than 105% of Total Premiums* paid
* Annualized Premium is exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Total premium paid is the total of all regular premiums paid exclusive of extra premium, rider premium and GST/any other applicable tax levied, subject to changes in tax laws, if any. Both, the Annualized Premium and the Total Premiums paid, will be w.r.t. the life assured or primary life assured (in a joint life policy).
3Please refer to respective rider sales literature or visit Company website for more details and eligibility conditions.Read More

IDFC FIRST Bank Ltd is a Corporate Agent for Bajaj Allianz Life Insurance Company Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0106. This Plan is offered and underwritten by Bajaj Allianz Life Insurance Company Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Flexi Income Goal are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life Flexi Income Goal - A Non-Linked, Participating, Guaranteed Income Life Insurance Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006. Reg. No.: 116. CIN: U66010PN2001PLC015959 | Mail us: customercare@bajajallianz.co.in | Call on : Toll free no. 1800 209 7272 | Fax No: 02066026789. Bajaj Allianz Life Flexi Income Goal (UIN: 116N162V01). The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. All charges/ taxes, as applicable, will be borne by the PolicyholderRead Less

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