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Bajaj Allianz Life Smart Wealth Goal - Eligibility

Wealth Variant

Parameter

Details

Minimum Entry Age

0 years

Maximum Entry Age

60 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

85 Years

Policy Term

Min 10 years and Max 30 years

Premium Payment Term (PPT)

Min 5 years and Max Equal to Policy Term

Minimum Premium

Frequency

Yearly

Half-yearly

Quarterly

Monthly

Premium (in Rs.)

12,000

6,000

3,000

1,000

Quarterly & Monthly premium payment frequency will be available under auto-debit options as approved by RBI

Maximum Premium

No limit

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum & Maximum Sum Assured

10 times Annualized Premium

Minimum Top up Sum Assured

1.25 times Topup Premium

Maximum Top up Sum Assured

10 times Topup Premium

Child Wealth Variant

Parameter

Details

Minimum Entry Age

18 years

Maximum Entry Age

55 years

Minimum Age at Maturity

33 years

Maximum Age at Maturity

85 Years

Policy Term

Min 15 years and Max 30 years

Premium Payment Term (PPT)

Min 5 years and Max Equal to Policy Term

Minimum Premium

Frequency

Yearly

Half-yearly

Quarterly

Monthly

Premium (in Rs.)

48,000

24,000

12,000

4,000

Quarterly & Monthly premium payment frequency will be available under auto-debit options as approved by RBI

Maximum Premium

No limit

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly

Minimum & Maximum Sum Assured

10 times Annualized Premium

Minimum Top up Sum Assured

1.25 times Topup Premium

Maximum Top up Sum Assured

10 times Topup Premium

Joint Life Wealth Variant

Parameter

Details

Minimum Entry Age

0 years

Maximum Entry Age

70 years

Minimum Age at Maturity

18 years

Maximum Age at Maturity

80 Years

Policy Term

Min 7 years and Max 30 years

Premium Payment Term (PPT)

Single Premium

Minimum Premium

Rs. 1,00,000

Maximum Premium

No limit

Premium Payment Frequency

Single Premium

Minimum & Maximum Sum Assured

10 times Annualized Premium

Minimum Top up Sum Assured

1.25 times Topup Premium

Maximum Top up Sum Assured

10 times Topup Premium

Age calculated is Age as at the last birthday

Prevailing Sum Assured is based on the prevailing Annualized Premium and applicable Sum Assured multiplier

Risk will commence immediately on date of commencement of Policy. In case of a minor life, the Policy will vest on the Life Assured on attainment of age 18 years and the life assured becomes the owner of the Policy. The original Policyholder ceases to be the owner of the Policy and the Waiver of Premium benefit cover will continue on his/her life.