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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.

Documentation

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