Bajaj Guaranteed Income Goal Plan

Overview

Bajaj Life Guaranteed Income Goal by Bajaj Life Insurance is a non-linked savings life insurance plan. It offers the dual benefit of saving and insurance. Rather than a normal savings plan, this plan gives you a choice to receive maturity benefits as a lump sum or as income. With the regular or limited premium paying option, you can cover yourself up to the age of 20 years.

In case of emergencies, this plan also offers a loan facility for up to 70% of your surrender value.

Bajaj Life Guaranteed Income Goal Plan offers a range of benefits, including:

• Choice of 2 life cover variants
• Flexibility to choose premium payment term
• Special premium rates for women
• High sum assured rebate
• Choice of rider options

Benefits of the Bajaj Life Guaranteed Income Goal Plan

There are various benefits to buying the Bajaj Life Guaranteed Income Goal Plan. Let's understand each of them in detail:

Death Benefit

Upon the policyholder's untimely death during the policy term, the death benefit amount will be paid out to the nominee.

Maturity Benefit

Once the policy matures at the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you.

Tax Benefits

You can also avail of tax benefits by paying the premium of the Bajaj Guaranteed Income Goal Plan.

Policy Loan

This plan also offers a policy loan for up to 70% of your surrender value in case of any emergencies.

Flexible Payment Tenure

The plan offers flexibility to choose a premium payment term as per your financial requirements.

Enhanced Rider Options

The plan has 5 optional add-on riders, allowing you to enhance base cover and get additional protection.

Choice of Plan Variant

This plan offers policyholders a choice from two options: 1. income benefit or 2. lump sum benefit.

High Sum Assured Rebates

Get a special premium discount if you opt for a high sum assured amount.

Inclusions

• Death Benefit: Financial protection for your nominee in case of your untimely demise.
• Maturity Benefit: A lump sum or income payout upon policy maturity.
• Tax Benefits: Eligibility for tax deductions on premiums paid and tax-exempt maturity/death benefits as per prevailing tax laws.
• Policy Loan: Access to a loan facility against your surrender value during emergencies.
• Choice of 2 Life Cover Variants: Flexibility to select a cover option that suits your needs.
• Flexible Premium Payment Term: Option to choose a premium payment term that aligns with your financial planning.
• Special Premium Rates for Women: Preferential rates for female policyholders.
• High Sum Assured Rebate: Discounts on premiums for opting for a higher sum assured.
• Choice of Rider Options: Ability to enhance your coverage with additional riders.

Exclusions

• Suicide within 12 months of 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 Life Guaranteed Income Goal Plan

Here is the list of documents required to buy the Bajaj Life Guaranteed Income Goal Plan:

• Photo ID Proof: Passport, Aadhaar card, PAN card, or Driving license.
• Age Proof: Passport, Aadhaar card, PAN card, or Driving license.
• Address Proof: Utility bill, passport, Voter ID, or ration card.
• Medical Records: Medical records of the policyholder (if requested).
• Income Proof: Bank statement or last three months' salary slips (for salaried individuals).

How to Buy Bajaj Life Guaranteed Income Goal Plan Online

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Plan At a Glance

In a Nutshell

Unlike a regular life insurance plan that provides fixed coverage throughout the policy term, the Bajaj Guaranteed Income Plan offers extended life coverage, a choice of two variants, and a loan facility. If you have any queries regarding this plan, you can contact PolicyX.com for a better understanding. Our certified insurance advisors work 24/7 to solve every query at zero cost.