Bajaj Assured Wealth Goal Investment Plan & Benefits | PolicyX
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Bajaj Assured Wealth Goal

Bajaj Assured Wealth Goal is a non-linked, non-participating life insu ...Read More

🛡️ IRDAI Approved
⭐ 4.1/5 · 63 reviews
📊 80 years solvency ratio
✅ Minimum Age - 5 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Bajaj Assured Wealth Goal

A quick read on what this Bajaj Investment Plans term plan covers and why it might be a fit for you.

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.

This plan offers various benefits, including:

  • Joint life cover
  • Regular guaranteed income
  • Flexible premium payment term
  • Whole life cover
  • Flexible payout term
  • Enhance protection through rider

Eligibility Criteria for Bajaj Assured Wealth Goal

Entry age
Entry age
Minimum Age - 0 years. Maximum Age - 55 years.
Maturity age
Maturity age
Maximum Maturity Age - 99 years
Policy tenure
Policy tenure
5 to 44 years
Premium payment term
Premium payment term
5 to 12 years
Premium payment frequency
Premium payment frequency
Monthly, Quarterly, Half-yearly, and Yearly
Sum assured
Sum assured
No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Joint life cover
  • Six variants
  • Regular guaranteed income

Cons

  • No coverage for pre-existing conditions
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age - 0 years
Maximum entry age - 55 years
Minimum sum assured - Rs 30
Maximum sum assured - No limit
Maximum policy term - 44 years.

How Does Bajaj Assured Wealth Goal Plan Work?

Let's understand how the Bajaj Assured Wealth Goal Plan works with the help of a simple illustration.

 

Problem

Mr. Verma is looking for a savings plan that provides him guaranteed returns along with returns on his investment.

Solution

His financial advisor advised him to buy the Bajaj Assured Wealth Goal Plan to get the dual benefits of a life insurance plan and a savings plan.

Let's understand how the Bajaj Assured Wealth Goal Plan works for him with a premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Maturity benefits
30 years Rs. 1,50,000 15 years 8 years Rs 12,00,000 Rs 21,39,000

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, the sum assured will be paid to his nominee.

Benefits of Bajaj Assured Wealth Goal

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.

Features of Bajaj Assured Wealth Goal

Key features that make Bajaj Assured Wealth Goal stand out.

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 changepremium 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.

Documents Required for Bajaj Assured Wealth Goal

Keep these documents handy when applying for Bajaj Assured Wealth Goal.

Photo ID Proof

Photo ID Proof (any one of these) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (any one of these) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Address Proof (any one of these) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical records of the policyholder (if requested).

Income Proof

Income Proof (any one of these) - bank statement, last three months' salary slips (for salaried individuals).

Exclusions of Bajaj Assured Wealth Goal

  • 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.

Other Features of Bajaj Assured Wealth Goal

Here are the key features of the Bajaj Assured Wealth Goal.

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.

Life Insurance Articles

FAQs: Bajaj Life Assured Wealth Goal

The 10 most-asked questions about Bajaj Assured Wealth Goal, answered.

The minimum age to buy this plan is 1 month for the wealth creation variant.
There are a total of six plan variants available in this plan.
The maximum maturity age of this plan is 72 years.
The wealth creation variant of this plan offers joint life cover.
Yes, this plan offered a policy loan facility against 80% of your surrender value.
There is a 30 day grace period available in this plan.
Yes, there is a partial withdrawal option available in this plan, through which you can withdraw your money before the completion of the policy term.
The minimum amount you can invest in this plan is just Rs. 5000/- only.
You can avail of the tax benefits under the below sections: 80C, 80D, and 1010D.
Yes, you can avail of income benefits in all the variants of this plan.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by DIVYA SINGH — Term and Life Insurance Reviewed by Anchita Bhattacharyya — Health, Term & Life Insurance
Last updated: 4 Feb 2025 · Originally published: 4 Feb 2025

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