What's special about us
Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Get Guaranteed Increasing Income5
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Option to Extend Life Cover beyond Policy Term
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Tax Benefit u/s 80C & 10 (10D)*
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Choice of 2 variants, Income benefit and Lump-sum benefit
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Get Guaranteed Increasing Income5
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Option to Extend Life Cover beyond Policy Term
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Tax Benefit u/s 80C & 10 (10D)*
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Choice of 2 variants, Income benefit and Lump-sum benefit
Bajaj Allianz Life Guaranteed Income Goal
We all like certainty in life and when this certainty is about our Life Goals, life is simple. This certainty can be achieved with guaranteed regular income that supports our financial needs tomorrow. So we can sustain as well as achieve our Life Goals.Read More
Bajaj Allianz Life Guaranteed Income Goal is a non-linked, non-participating, life, individual, savings, regular & limited premium payment endowment plan.Read Less
FEATURES
Choice of 2 Variants depending up on your Life Goal
Get Guaranteed Increasing Income under Income Benefit
Option to extend your Life Cover beyond your Policy Term
Multiple Policy Terms & Premium Payment Terms to choose from
Choice of 5 Riders to Enhance Cover
PLAN OPTIONS/VARIANTS
- Death Benefit during the Policy Term is the, Sum Assured on Death , as on the date of death. The policy will terminate on payment of the Death Benefit.
- Death Benefit during the ELC Period (only if chosen) (ELC Period is after the policy term) is the Sum Assured on Death as on the date of death. The policy will terminate on payment of the Death Benefit
- If ELC is chosen then the Sum Assured on Death will be paid. The risk cover will terminate immediately and the Policy will terminate on payment of last GMI.
- If ELC is not chosen, then the remaining GMI will be paid. The policy will terminate on payment of last GMI
Income Benefit
1. Guaranteed Maturity Benefit: On the maturity date, if all premiums are paid, your Guaranteed Maturity Benefit will be paid in yearly, half-yearly, quarterly or monthly installments. These are called as Guaranteed Maturity Instalments (GMI), and will be paid at the end of the GMI year for a period equal to your Premium Payment Term (PPT).
2. Death Benefit
Lump-sum Benefit
1. Guaranteed Maturity Benefit: On the Maturity Date, if all premiums are paid, your Guaranteed Maturity Benefit payable as Lump-sum will be an enhanced percentage of your Sum Assured. This is called as Guaranteed Enhancer (GE).
2. Death Benefit
A. Death Benefit during the Policy Term is the, Sum Assured on Death , as on the date of death. The policy will terminate on payment of the Death Benefit.
B. Death Benefit during pay out period i.e. after the Policy Term is –
- The amount of risk cover during the ELC Period is equal to the Sum Assured on Death
- The ELC will start from the Maturity Date and will continue for an ELC Period equal to the duration of the PPT (in years), starting from the Maturity Date.
- In Lump Sum Benefit, on death of the Life Assured, the Sum Assured on Death will be paid and the Policy will terminate.
- In Income Benefit, on death of the Life Assured, the Sum Assured on Death will be paid, the risk cover will terminate immediately and the Policy will terminate on the payment of the last GMI.
- Bajaj Allianz Accidental Death Benefit Rider
- Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider
- Bajaj Allianz Critical Illness Benefit Rider
- Bajaj Allianz Family Income Benefit Rider
- Bajaj Allianz Waiver of Premium Benefit Rider
Extended Life Cover (ELC)
Riders
Policy Documents
ELIGIBILITY
Eligibility
- Click on Know More for Eligibility
Documentation
Disclaimer
#Tax benefits as per prevailing Income tax laws shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.
5available with Income benefitRead More
% Sum Assured on Death is the higher of (i) 10 times Annualized Premium*, (ii) 105% of Total Premiums* paid as on date of death, (iii) Sum Assured. *Annualized Premium is exclusive of extra premium, rider premiums, loadings for modal premiums and GST/any other applicable tax levied, subject to changes in tax laws, if any, and Total Premiums paid is equal to (Annualized Premium * number of years for which premiums have been paid).Read Less
FREQUENTLY ASKED QUESTIONS
1. By how much can I extend the life cover for?
The option of Extended Life Cover (ELC) allows you to extend the life cover after the policy term. This extension will be for a period equal to the Premium Payment Term (PPT) of your policy. For example, if you purchased Bajaj Allianz Life Guaranteed Income Goal with premium paying term of 5 years and a policy term of 10 years along with the ELC option, you will get additional life cover for 5 years after policy term. You can opt for ELC only at the time of inception of this guaranteed income plan.
2. Can I buy it in the name of my minor child?
Yes, you can purchase this guaranteed income plan in the name of your minor child provided he/she is more than six years of age.
3. Can I convert from Lumpsum Benefit option to Income Benefit option and vice versa in the middle of the policy period?
You can opt for Lumpsum Benefit and Income Benefit variant only at the time of inception of the policy. It is not possible to convert from one variant to another during the policy term of this guaranteed income plan.
