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
-
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.
-
-
Early retirement ke baad mile aapke passion ko nayi shuruaat.
Bajaj Allianz Life Long Life Goal
Early retirement ke baad mile aapke passion ko nayi shuruaat.
-
Choice of 4 investment portfolio strategies
-
Whole of Life Insurance Cover
-
Choice of eight funds
-
Periodical Return of Life Cover charges
-
Choice of 4 investment portfolio strategies
-
Whole of Life Insurance Cover
-
Choice of eight funds
-
Periodical Return of Life Cover charges
Bajaj Allianz Life Long Life Goal
You are constantly working towards achieving life goals and your lifestyle improves every time you cross a new milestone. You want to maintain the same way of life during your golden years as well. More importantly, most of us have several goals like traveling to exotic locations, safeguarding your child's future, enhancing your family's lifestyle or maybe, retiring early! All these life goals need to be planned for. Herein one can opt for a ULIP plan that provides for financial security as a Retired Life Income (RLI).Read More
To ensure a comfortable and worry-free retirement, when your regular income stops, requires you to make smart investment choices during your early working years. Bajaj Allianz Life LongLife Goal, a non-participating, individual regular premium payment Unit Linked Insurance Plan (ULIP), is one such product. It invests your money in an investment portfolio selected by you and provides for market linked returns over long-term, to help you accumulate a healthy retirement corpus. Features such as periodic return of life cover charges i.e. mortality charges (PROMC) and loyalty additions further add to your retirement corpus taking you closer to a retired life of your dreams.Read Less
FEATURES
Opt for Retired Life Income to meet Retirement Goals
Whole of Life Insurance Cover
Retired Life Income till age 99 years with Return Enhancer
Periodical Return of Life Cover charges
Loyalty Additions every year from 5th Policy Year till 25 Policy Year
Choice of 2 plan variants : LongLife Goal without Waiver of Premium & LongLife Goal with Waiver of Premium
Choice of 4 investment portfolio strategies
PLAN OPTIONS/VARIANTS
- LongLife Goal without Waiver of Premium
- Maturity Benefit: It is the Fund Value as on Maturity Date, provided Policy is in-force
- Death Benefit: In case of unfortunate death of the Life Assured during the Policy Term, the Death Benefit payable will be higher of:
- Prevailing Sum Assured
- Fund Value
- Retired Life Income (RLI): Choice of Retired Life Income, at inception or anytime during the Policy Term.
- You may decide to receive the RLI –
- a) At any Policy Anniversary on either attaining Age 55 years or after 10 Policy Year, whichever is later
- b) As percentage of your Fund Value ranging from 0 to 12% per annum, as chosen by you, payable yearly, half yearly, quarterly or monthly.
- Periodical Return of Mortality Cover Charges: total amount of life cover charges, i.e., Mortality (life cover) charges deducted in the Policy, will be added back as Periodical Return of Mortality Charge or PROMC, to the Fund Value at regular intervals.
- Loyalty Additions (LA): Company shall allocate Loyalty Additions to the Fund Value as percentage of one Annualized Premium at the end of each Policy Year commencing from the end of 5th Policy Year, provided Policy is in-force.
- LongLife Goal with Waiver of Premium
- LongLife Goal with Waiver of Premium= LongLife Goal without Waiver of Premium+ below feature
- Waiver of Premium Benefit:
- If the Life Assured & Policyholder are the same, in case of Accidental Permanent Total Disability of the Life Assured during the Premium Payment Term, Premiums for the rest of the Policy Term will be waived and the Policy will continue with all the benefits.
- If the Life Assured & Policyholder are not the same, on earlier occurrence of Death or Accidental Permanent Total Disability of the Policyholder during the Premium Payment Term, Premiums for the rest of the Policy Term will be waived and the Policy will continue with all the Benefits.
- Periodical Return of Waiver of Premium Charge: The total amount of Waiver of Premium charges deducted in the Policy, will be added back as Periodical Return of Waiver of Premium Charge or PROWC, to the Fund Value at regular intervals.
- Investor Selectable Portfolio Strategy: To allocate premiums based on your personal choice, opt for this strategy with choice of eight funds:
- Equity Growth Fund II
- Accelerator Mid-Cap Fund II
- Pure Stock Fund II
- Pure Stock Fund
- Asset Allocation Fund II
- Bluechip Equity Fund
- Bond Fund
- Liquid Fund
- Wheel of Life Portfolio Strategy II
- Provides you with a “Years to maturity” based portfolio management.
- Each policy anniversary, Fund Value is reallocated among various funds in the proportion based on outstanding years to maturity.
- Ensures balance is maintained between “years to maturity” and risk on investments, to optimize returns.
- Trigger Based Portfolio Strategy: This strategy helps You in ‘Securing your Gains’ and maintain your asset allocation. Your premium will be allocated between two funds, an equity oriented fund and a debt oriented fund - in a 75%: 25% proportion. The fund allocation may subsequently get altered due to market movements. The trigger event is defined as a 15% upward movement in Unit Price of Equity oriented Fund which triggers rebalancing which will ensure that gains are capitalized and protected from future equity market fluctuations
- Auto Transfer Portfolio Strategy: Helps You to invest your money in a systematic way by automatically transferring your money every month, from low risk fund to fund(s) of your choice. Your Premium will be allocated in Bond Fund and / or Liquid Fund. At the start of each monthly anniversary of the Policy, a proportion of Fund Value in the Bond Fund and/or Liquid Fund as on that date will be switched to the other Fund/s as specified by You.
ELIGIBILITY
Documentation
Eligibility
- Click on Know More for Eligibility
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 Long Life 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 Long Life Goal is A Unit linked, Non Participating, Whole Life Insurance 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 Long Life Goal (UIN:116L156V03), 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
What is Retired Life Income (RLI) and how can it be exercised?
You can get regular payout through systematic partial withdrawal in the RLI option. You can decide to receive RLI at any policy anniversary when you turn 55 years or after 10th policy year, whichever is later. Here, a percentage of your fund value (ranging from 0 to 12% per annum), as opted by you is paid yearly, half-yearly, quarterly or monthly. The instalment is paid by redeeming units from the funds in the same proportion as the fund value in each fund and will be redeemed at the unit price applicable on the date of each RLI instalment.
RLI payment is through Systematic Partial Withdrawal and the percentage can be changed anytime during the policy term or even after starting RLI. However, the fund value after payment of the instalment of RLI should not drop below 105% of total premiums paid till date.
How does the switching between the portfolios work in Bajaj Allianz Life LongLife Goal?
As a policyholder you have the option of switching out from any of the four portfolio strategies of Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy or Auto Transfer Portfolio Strategy to any portfolio strategy except Trigger Based Portfolio Strategy. You can opt for Trigger Based Portfolio Strategy only at the time of inception. You will need to give 30-days written notice before the policy anniversary to go for the switching option.
What is Periodical Return of Life Cover Charge (PROMC)?
The PROMC enhances your returns by periodically adding back the mortality charges to the fund value. The first addition is when the policyholder attains 60 years of age or at the end of the 15th policy year, whichever is later. The next additions are at the end of each subsequent 10th year, and the last addition is on the date of maturity. However, PROMC is not applicable in case of a surrendered, discontinued or paid-up policy and will be payable provided all due premiums under the policy have been paid up to date.
