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Overview
Bajaj Assured Wealth Goal is a non-linked, non-participating life insurance savings plan. It offers the dual benefit of saving and insurance under the same policy. It consists of six different plan options to cater to the needs of every unique individual. With a starting entry age of 1 month, this investment plan is available for up to 65 years of age.
Key Benefits
This plan offers various benefits, including:
- Joint life cover
- Regular guaranteed income
- Flexible premium payment term
- Whole life cover
- Flexible payout term
- Enhanced protection through riders
How to Buy Bajaj Assured Wealth Goal Plan from PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the 'Investment' tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of Bajaj Assured Wealth Goal Plan
There are various benefits to buying the Bajaj Assured Wealth Goal Plan. Let's understand each of them in detail:
- Maturity Benefits: Bajaj Assured Wealth Goal Plan offers maturity benefits if you outlive the policy tenure. These benefits help you complete your financial goals and requirements.
- Death Benefits: In case of the policyholder's unfortunate demise, death benefits are paid to their nominees so that they can live a comfortable lifestyle.
- 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 Modes: You can alter your premium payment modes during the policy tenure. The frequencies include monthly, quarterly, half-yearly, and yearly.
Loan on Policy
You can avail a loan against your Bajaj Assured Wealth Goal Plan. The maximum loan amount is 80% of the surrender value of the policy.
Option to Change Premium Payment Frequency
This plan provides the option to change your premium payment frequency during the policy tenure.
Policy Revival
You can revive your lapsed policy if the revival is made within 5 years of the last unpaid premium.
Free Look Period
You will have a free look period of thirty (30) days to cancel the policy if you are not satisfied with it.
How to Buy Bajaj Assured Wealth Goal Plan from Bajaj Allianz Life
- Visit the official website of Bajaj Allianz Life.
- Hover over 'Plans' and click on 'Saving Plans'.
- Click on 'Online Plans' and choose 'Bajaj Assured Wealth Goal Plan'.
- Click on 'Know More' and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- If the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered. Instead, 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, will be paid.
Documents Required to Buy Bajaj Assured Wealth Goal Plan
Here is the list of documents required to buy the Bajaj Assured Wealth Goal Plan:
- Photo ID Proof: (any one of these) - Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: (any one of these) - Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: (any one of these) - Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder (if requested).
- Income Proof: (any one of these) - bank statement, last three months' salary slips (for salaried individuals).
Plan at a Glance
| What's Good | What's Missing |
|---|---|
| Guaranteed additions | Whole Life Cover |
| Joint life cover | 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 Assured Wealth Goal Plan. This plan offers guaranteed additions along with maturity benefits.
If you are still confused about whether this plan is right for you, contact us at PolicyX.com. One of our insurance experts will reach out shortly to understand your requirements and help you choose the plan that best suits your needs.
