Bajaj POS Goal Suraksha Investment Plan: Features & Benefits | PolicyX
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POS Goal Suraksha

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan ...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 POS Goal Suraksha

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

Bajaj POS Goal Suraksha Plan by Bajaj Life Insurance 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 if you outlive the policy term.

This plan offers various benefits, including:

  • Maturity benefits
  • Death benefits
  • Guaranteed additions that increase the maturity amount
  • Limited payment terms
  • Option to alter premium payment mode
  • Loan on policy

This investment 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 page provides complete details about this plan, including eligibility criteria, features, benefits, and the buying process.

Eligibility Criteria for POS Goal Suraksha

Entry age
Entry age
Minimum Age - 0 years Maximum Age - 55 years
Maturity age
Maturity age
Maximum Maturity Age - 65 years
Policy tenure
Policy tenure
10,12,15, 20 years
Premium payment term
Premium payment term
5,6,7,8,10,12 years
Premium payment frequency
Premium payment frequency
Monthly, Quarterly, Half-yearly, and Yearly
Sum assured
Sum assured
Minimum- Rs 30,000 Maximum- Rs 25 lakhs

Pros & cons

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

Pros

  • Guaranteed Additions
  • Limited Payment Term
  • Alter Payment Modes

Cons

  • Lack of Pre-existing Condition Coverage
  • Suicide 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: Rs 25 lakhs
Maximum Policy Term: 20 years.

How Does Bajaj POS Goal Suraksha Plan Work?

Let’s understand how the Bajaj POS 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 return on the amount he has invested.

Solution

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

Let's understand how the Bajaj 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.

Benefits of POS Goal Suraksha

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 benefits:
    In 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 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 modes:
    You can alter your premium payment modes between the policy tenure. The frequency term includes monthly, quarterly, half-yearly, and yearly.

Features of POS Goal Suraksha

Key features that make POS Goal Suraksha stand out.

Loan on policy

You can avail of loan against your Bajaj POS Goal Suraksha Plan. The maximum loan amount is 80% of the surrender value of the policy.

Option to change premiumpayment 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 first 5 years of 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 the same.

Documents Required for POS Goal Suraksha

Keep these documents handy when applying for POS Goal Suraksha.

Photo ID Proof

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

Age Proof

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

Address Proof

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

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).

Exclusions of Bajaj Life POS Goal Suraksha Plan

  • In case the policyholder commits suicide within 12 months of policy purchase, 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.

Other Features of POS Goal Suraksha

Here are the key features of the POS Goal Suraksha.

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 protects your family financially and provides maturity benefits if you outlive the policy tenure, consider the Bajaj POS Goal Suraksha Plan. This plan offers guaranteed additions along with maturity benefits. If you need further assistance in choosing the right plan, contact PolicyX.com, and one of our insurance experts will help you.

Life Insurance Articles

Bajaj Life POS Goal Suraksha Plan: FAQs

The 5 most-asked questions about POS Goal Suraksha, answered.

A maximum sum assured of Rs 25 lakhs is available under the POS Goal Suraksha Plan.
You can buy the Bajaj POS Goal Suraksha Plan either from their official website or their nearest branch office.
Yes, you can avail of a loan against the POS Goal Suraksha Plan once your policy acquires the surrender value.
The minimum annual premium of the POS Goal Suraksha Plan is Rs 3,000.
Yes, you can surrender your POS Goal Suraksha Plan and avail of guaranteed surrender value if you have paid premiums for a minimum of two years.

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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