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Overview
Bajaj Flexi Income Goal is a non-linked, participating, guaranteed income life insurance plan. It offers the dual benefit of insurance and savings. Rather than a normal savings plan, this plan provides a non-guaranteed cash bonus from the first policy year itself. With its flexible premium payment option of 5 to 20 years, this plan offers insurance coverage for up to 99 years of age.
Bajaj Flexi Income Goal offers a range of benefits, including:
- Joint Life Cover Option
- Life cover up to the age of 99 years
- Flexible survival benefit payout
- Enhanced protection through riders
- 150% of the Sum Assured as a Guaranteed Benefit
Key Features
Whole Life Coverage
Bajaj Life Flexi Income Goal Plan offers coverage up to 99 years of age.
Joint Life Coverage
This plan offers the option of joint life cover. You can cover your spouse under this plan by paying nominal premiums.
Cash Bonus
This plan provides a cash bonus as part of the maturity benefits from the first policy month.
Free Look Period
You will have a free look period of thirty (30) days to cancel the policy if you are not satisfied with the policy.
Benefits of Bajaj Life Flexi Income Goal
There are various benefits to buying the Bajaj Life Flexi Income Goal. Let’s understand each of them in detail:
- Maturity Benefits: Upon the full survival of the life insured during the policy term, the Bajaj Flexi Income Goal will pay the maturity benefit.
- Death Benefits: Upon the unfortunate demise of the life insured during the policy term, the Bajaj Flexi Income Goal will pay the death benefit.
- Tax Benefits: You can avail of tax benefits by paying the premium of the Bajaj Flexi Income Goal plan under the Income Tax Act of 1961.
- Survival Benefits: The Bajaj Flexi Income Goal will pay the survival benefit from the first policy year.
- Policy Loan: In case of emergencies, this plan also offers a loan for up to 80% of your surrender value at the current company interest rate.
How to Buy Bajaj Flexi Income Goal Plan on 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.
How to Buy Bajaj Flexi Income Goal Plan on Bajaj Life Insurance Website
- Visit the official website of Bajaj Life Insurance.
- Hover over 'Investment Plans' from the top menu.
- Click on 'Bajaj Flexi Income Goal'.
- Click on 'Buy Now' and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you to discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Bajaj Flexi Income Goal Plan
Here is the list of documents required to buy the Bajaj Flexi Income Goal Plan:
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving License.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving License.
Address Proof
Any one of the following: Utility Bill, Passport, Voter ID, Ration Card.
Medical Records
Medical records of the policyholder (if requested).
Income Proof
Any one of the following: Bank statement, last three months' salary slips (for salaried individuals).
Plan At a Glance
| What’s Good Here | What’s Missing |
|---|---|
| Joint Life Cover | Premium Offset |
| Whole Life Cover | Premium Break |
| Special Premium Rates for Women | High Sum Assured Discounts |
| Cash Bonuses | Large Premium Boost Discounts |
In a Nutshell
Unlike a regular life insurance plan that provides fixed coverage throughout the policy term, the Bajaj Flexi Income Goal plan offers joint life coverage, protection for up to 99 years, survival payouts, and the option to enhance coverage with additional riders.
If you are still unsure whether this plan is the best fit for you, please contact us at PolicyX.com. One of our insurance experts will assist you in choosing the right insurance policy.
