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Bajaj Allianz Life Guaranteed Income Goal - Eligibility

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, if opted for or Income Period.

Maximum Age for termination of life cover (if ELC is opted)

84 years

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

Lump-sum 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)

5

7

10

12

PPT (In years)

5

7

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

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)