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Bajaj Allianz Life Assured Wealth Goal - Second Income

Whether the goal is to achieve greater economic security and stability, or to increase purchasing power, the new normal is looking for ways to have multiple sources of income to fulfil one’s long term Goals.Read More

And if your insurance cum investment plan offers you guaranteed* payouts at regular interval, you are on course to achieving those goals. Bajaj Allianz Life Assured Wealth Goal, A Non linked, Non Participating, Individual, Life Insurance Savings Plan is one such plan that offers the assurance of regular income in the future.Read Less

FEATURES

Regular guaranteed Long term Income up to 30 years

Regular guaranteed Long term Income up to 30 years

Option to Defer Income payouts

Option to Defer Income payouts

Income Benefit with Life Cover

Income Benefit with Life Cover

Option of Return of Premiums (ROP) at the end of Income Period

Option of Return of Premiums (ROP) at the end of Income Period

Choice of Income Payout date

Choice of Income Payout date

Tax Benefits#

Tax Benefits#

PLAN OPTIONS/VARIANTS

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    Second Income

    Maturity Benefit: You will receive

    1. Sum of all premiums paid (if opted), plus
    2. Last regular guaranteed payout


    Death Benefit

    You will have life cover throughout the Policy term. On Death of the life assured during the policy term, the benefit shall be payable to the nominee in equated monthly instalments for a period of 5 years.

    The Death benefit will be higher of –

    1. Sum Assured on Death, or
    2. 105% of total premiums paid as on date of death or
    3. The prevailing surrender value


    The nominee will have an option to receive the future instalments as a Lumpsum, which shall be the present value of future instalments at a discounted rate.

ELIGIBILITY

Documentation

  • ID Proof
  • Age Proof
  • Address proof
  • Income certificate

Eligibility

  • Click on Know More for Eligibility

Know More

Bajaj Allianz Life Assured Wealth Goal - Second Income

Disclaimer

*Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.
#Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.Read More

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Assured Wealth 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 Assured Wealth Goal is A Non linked, Non Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us : customercare@bajajallianz.co.in, Fax No: 02066026789, Bajaj Allianz Life Assured Wealth Goal (UIN: 116N170V02), 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 Policyholder.

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.Read Less

FREQUENTLY ASKED QUESTIONS

Will the Policyholder receive Income payouts immediately after the Policy Term?

The Policyholder will have an option to defer Income payouts for 0 /1 / 2 years after the end of Premium payment term. This selection has to be done at the policy inception.

Is there life cover during the Income Period?

Yes, since the Income period is within the Policy term, life cover will be available during the Income period.

How can Policyholder choose the Income payout date?

The Policyholder can choose to prepone the Income payout for a period maximum upto 365 days within the Income period in case the Income payouts are received annually. In case of monthly income payouts, the preponement can be maximum upto 30 days still within the Income Period.