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Bajaj Allianz Life Long Life Goal - Eligibility

Parameter Details
Minimum Entry Age Life Assured 0 years
Policyholder (LongLife Goal with Waiver Of Premium) 18 years
Policyholder (LongLife Goal without Waiver Of Premium)
Maximum Entry Age Life Assured 65 years
Policyholder (LongLife Goal with Waiver Of Premium)
Policyholder (LongLife Goal without Waiver Of Premium) No limit
Minimum & Maximum Age at Maturity 99 years
Policy Term 99 minus Age at Entry of Life Assured
Premium Payment Term (PPT) 10 to 25 years
Minimum Age at end of PPT Life Assured Policyholder 
10 years 28 years
Maximum Age at end of PPT Life Assured Policyholder (LongLife Goal with Waiver Of Premium) Policyholder (LongLife Goal without Waiver Of Premium)
75 years No limit
Minimum Premium Frequency Yearly Half-yearly Quarterly Monthly
Premium (in Rs.) 25,000 12,500 6,250 2,500
 
Quarterly & Monthly premium payment frequency will be available under auto-debit options as approved by RBI
Maximum Premium No limit
As per maximum Sum Assured and Board Approved Underwriting Policy
Premium Payment Frequency Yearly, Half-yearly, Quarterly and Monthly
Minimum & Maximum Sum Assured 10 times Annualized 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.