Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed additions
  • Limited payment term
  • Alter payment modes
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Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of your unfortunate demise while also helping to save money for future financial goals in case you outlive the policy term.

This plan can be your ideal choice if you want the benefits of life coverage along with a lump sum amount that helps you fulfill your future financial obligations. 

This plan offers you various benefits including:

why-choose
  • Maturity benefits,
  • Death benefits,
  • Guaranteed additions that increase maturity amount,
  • Limited payment terms,
  • Option to alter premium payment mode,
  • Loan on policy, etc.

Eligibility Criteria for Bajaj Allianz STEP Plan

Your Occupation

Entry age

Minimum Age - 0 years Maximum Age - 55 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy tenure

10,12,15, 20 years

Maternity Benefit Rider

Premium payment term

5,6,7,8,10,12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Quarterly, Half-yearly, and Yearly

Maternity Benefit Rider

Sum assured

Minimum- Rs 30,000 Maximum- Rs 25 lakhs

How Does Bajaj Allianz POS Goal Suraksha Plan Work?

Let’s understand how the Bajaj POS Goal Plan works with the help of a simple illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a savings plan that provides him guaranteed returns along with a return on the amount he has invested.

Solution

His financial advisor advised him to buy the Bajaj Allianz Life POS Goal Suraksha Plan to get the dual benefits of a life insurance plan and a savings plan. He visited PolicyX.com

Let's understand how the Bajaj Allianz Life POS Goal Suraksha Plan works for him with a premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Basic sum assured Guaranteed additions Maturity benefits
40 years Rs. 5,000 15 years 10 years Rs 50,000 Rs 50,000 Rs 39,400 Rs 89,400

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.

Features of Bajaj Allianz Life POS Goal Suraksha Plan

Here are some features of Bajaj Allianz Life POS Goal Suraksha Plan:

Bajaj Allianz Life Insurance Life Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Allianz Life POS Goal Suraksha Plan (Pros)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Allianz Life POS Goal Suraksha Plan (Cons)

Bajaj Allianz Life POS Goal Suraksha Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

Bajaj Allianz Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Allianz Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 30 thousand
  • Maximum sum assured- 25 Lac
  • Maximum policy terrm- 67 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of Bajaj Allianz POS Goal Suraksha Plan

There are various benefits to buying the POS Goal Suraksha Plan. Let’s understand each of them in detail:

  • Maturity benefits POS Goal Suraksha Plan offers you maturity benefits if you outlive the policy tenure. These benefits help you complete your financial goals and requirements.
  • Death benefitsIn case of the policyholder’s uncertain demise, death benefits are paid to their loved ones so that they can live a comfortable lifestyle.
  • Guaranteed additions Bajaj Allianz POS Goal Suraksha offers you guaranteed additions along with the maturity amount. These benefits are paid for only active policies.
  • Limited payment term You have to make premium payments under this plan for a limited time while you enjoy coverage for a long time.
  • Alter premium payment modesYou can alter your premium payment modes between the policy tenure. The frequency term includes monthly, quarterly, half-yearly, and yearly.

Documents Required to Buy Bajaj Allianz POS Goal Suraksha

Here is the list of documents required to buy the POS Goal Suraksha Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Bajaj Allianz Life POS Goal Suraksha Plan?

You can buy the Bajaj Allianz Life POS Goal Suraksha Plan official website or one of their nearest branch offices.

 

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Bajaj Allianz Life Insurance Company.

  • Step 2

    Hover over the ‘Plans’ and click on ‘Saving Plans’.

  • Step 3

    Click on ‘Online Plans’ and choose 'Bajaj Allianz Life POS Goal Suraksha Plan'.

  • Step 4

    Click on ‘Know More’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the Bajaj Allianz Life POS Goal Suraksha Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of Bajaj Allianz Life POS Goal Suraksha Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Guaranteed additions Premium Offset
Limited payment term High sum assured rebate
Choice to alter the premium payment mode Auto cover continuance
Option to take a policy loan Top-up premium

In a nutshell

If you are looking for an insurance plan that not only protects your family financially but also provides maturity benefits if you outlive the policy tenure then you can consider buying Bajaj Allianz POS Goal Suraksha Plan. This plan offers you guaranteed additions along with maturity benefits. If you are still confused about whether buying this plan is right for you or not then you can contact us at PolicyX.com. 

For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.

Bajaj Allianz Life POS Goal Suraksha Plan: FAQs

1. Are ULIP plans worth it

Yes, ULIP plans are a great insurance solution as these plans protect you as well as build your financial portfolio. It gives the policyholder the dual benefit of enjoying a life cover as well as investing in select market-linked funds.

2. What is the benefit of early retirement planning

There are several benefits of retirement planning ranging from monetary to personal advantage. Many individuals now working private jobs do not have the luxury of earning a pension post-retirement which is why it is wise to plan your retirement. It provides tax benefits, care-free life post-retirement as well as good financial discipline.

3. Are Bajaj Allianz Child plans a good investment plan?

Yes, Bajaj Allianz Child plans are a good decision to safeguard your child’s future. It is an insurance investment plan that helps you save money and create wealth to pay for the important milestones in your child’s life. With Bajaj Allianz Life Insurance Company you can choose between various ULIP and savings plans for your child.

4. Is Bajaj Allianz a good company to buy life insurance from?

Yes, Bajaj Allianz is one of the best and most trustworthy life insurance companies in India. Bajaj Allianz Life Insurance has a wide portfolio of insurance plans like savings, retirement, child, ULIP, and many more.

5. How to report death claims when there is no nomination or in case of a beneficiary’s demise?

In such a case, you have to provide proof of the title/succession certificate issued by a court. If the company has accepted the claim and is waiting for the proof, it will hold the money as directed by the IRDAI.

6. Can NRIs purchase term insurance plans?

Yes, an NRI can invest in a term insurance policy in India by abiding by the applicable underwriting guidelines of the company and other applicable laws.

7. When can I remove or add riders from the base policy?

You are allowed to add or remove riders only on policy anniversaries, or at the time of renewing the policy.

8. Are there any tax exemptions on benefits received?

Yes, life insurance policies are also liable for tax deductions under Section 10(10D) of the Income Tax Act, 1961.

9. How can I get the Bajaj Allianz Life Insurance premium receipt?

You have to visit Bajaj Allianz’s portal to download the Bajaj Allianz Life Insurance Premium Receipt. You can also visit the insurer’s mobile app.

10. What are the documents you need to submit for policy surrender?

Policy surrender form A self-attested copy of your ID proof Policy bond Any canceled cheque/bank-attested bank statement/bank-attested passbook copy

11. What are the different reasons behind claim rejection?

Claims can be rejected for a few reasons such as: Withholding information Fraud If the claim is linked with any exclusion Losses that are not liable to get the cover under the plan Lapsed policies

12. . How can someone check policy details under Bajaj Allianz Life Insurance?

The policy document has all the details related to your Bajaj Allianz Life Insurance. You can check the document for any information you may need.

13. What Are The Different Riders available under Bajaj Allianz Life Insurance Company?

The riders available under the Bajaj Allianz Life Insurance Policy are: Bajaj Allianz Traditional/ULIP Waiver of Premium Benefit Rider Bajaj Allianz Traditional/ULIP Family Income Benefit Rider Bajaj Allianz Traditional/ULIP Accidental Death Benefit Rider Bajaj Allianz Traditional/ULIP Critical Illness Benefit Rider Bajaj Allianz Traditional/ ULIP Accidental Permanent Total/Partial Disability Benefit Rider

14. . How can I pay my Bajaj Allianz Life Insurance Premium?

To pay your Bajaj Allianz Life Insurance Premium, you need to follow the below steps: Visit the official website, and click on the "Pay Premium" button available on the top menu. Once done, you can choose to pay your premium online through a Debit Card (Maestro/ Visa/ Master/ RuPay), Credit Card (Visa/ Master/ Maestro/ Diners/ Amex), Netbanking, Unified Payment Interface (UPI), e-wallets, and EMIs from selected cards. After selecting the mode of payment, fill in your details such as the policy number, policyholder’s Date of Birth, mobile number, and email ID Click the ’Pay Premium’ option and your policy details will be emailed to you.

15. Is there any special feature offered by the company that will help me to calculate my investments?

Yes, Bajaj Allianz Life offers a Life Insurance Calculator for every Life Goal. Along with the investments calculator, the other calculators available are: Child Education Planning Tool Term Calculator ULIP Calculator Power of Compounding Retirement Calculator Investment Calculator Child Plan Calculator Tax Calculator Savings to Life Goals Converter BMI Calculator Covid 19 Optimism Score Tool Immunity Score Calculator Immunity Score Calculator Investment Age Calculator

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.