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Updated on Oct 13, 2025 4 min read

Bajaj Life Smart Protect Goal

Bajaj Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates, comes in multiple variants such as life cover, child education extra cover, life cover with joint variant, and increasing life cover variant. Bajaj Smart Goal Protect is a complete term plan with new-age features in line with your evolving needs.

Bajaj Life Smart Goal Protect Plan offers you a range of benefits including:

Multiple coverage options
Whole life cover
Critical illness cover
Multiple add-ons

Automatic Increase of life cover
Multiple plan options

Eligibility Criteria for Bajaj Life Smart Protect Goal

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Maturity age

Maximum Maturity Age - 75/85/99 years

Policy term

Minimum term - 5 years Maximum term - 99 minus Entry age

Sum assured

50 lakh to No limit

Policy loan

The policy loan is not available under Bajaj Smart Protect Goal

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Smart Goal Protection Plan Work?

Let's understand how the Bajaj Smart Goal Protection Plan works with a simple premium illustration.

Problem

Mr. Verma is looking for a term plan that offers him increasing life cover and an option to add his spouse to the policy.

Solution

His financial advisor advised him to buy the Bajaj Smart Protection Goal. He visited PolicyX.com

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

Age of policyholder	Annual premiums	Policy tenure	Premium payment term	Total premiums paid	Sum assured
30 years	Rs 8,836	25 years	25 years	Rs 2,20,900	Rs 1 crore

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.

Benefits of Bajaj Life Smart Protect Goal

Here are the benefits associated with the Bajaj Life Smart Protect Goal

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Riders Associated with Bajaj Smart Goal Protection Plan

You can add the following riders to your Bajaj Smart Goal Protection Plan:

Bajaj Accidental Death Benefit Rider

In case of the policyholder’s demise due to the accident benefits are paid to their nominee.

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.

Features of Bajaj Life Smart Protect Goal

Choice of plan option

Bajaj Smart Protect Goal plan provides you 4 plan options to choose from as per your financial requirements.

Option to choose whole life cover

Bajaj Smart Goal Protection Plan offers you the option to choose the whole life cover up to the age of 99 years.

Choice of benefit option

Choose how your family receives the benefit in your absence, as a lump sum or a combination of lump sum & monthly income

Extra payout in case of the accident.

Bajaj e-Touch Term Plan offers extra payout in case of the accident of the policyholder.

Exclusions of Bajaj Smart Goal Protect Plan

Here is the list of exclusions associated with the plan:

Suicidal death is not covered under this plan.
Death due to consumption of alcohol and drugs.
Accidental death due to rash driving or involvement in any hazardous sports.

Conclusion

Bajaj Smart Protection Goal is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including- life cover, flexible premium pay, add on covers etc. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.

Explore more about Bajaj Term Insurance

Explore other Bajaj Term Insurance

Bajaj Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Term Insurance plans. Below is the list of term plans offered by Bajaj Term.

Bajaj Superwoman Term Plan

‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’ Bajaj Life Superwoman T...

Unique Features

Critical Illness Cover
Free Health Management Services
Child Care Benefit

Bajaj Superwoman Term Plan (Pros)

Critical Illness Cover
Free Health Management Services
Child Care Benefit

Bajaj Superwoman Term Plan (Cons)

1 year waiting period for suicide
No policy loan
No pre-existing illness cover

Bajaj Superwoman Term Plan (Other Benefits)

Death Benefits
Terminal Illness
Benefit Waiver of Premium

Bajaj Superwoman Term Plan (Eligibility Criteria)

Entry age - 18 years
Max entry age - 60 years
Min sum assured - Rs 50 lakhs
Max maturity age - 99 years
PPT - RP/SP/LP

Bajaj iSecure More

Bajaj iSecure More by Bajaj Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ones in case of ...

Unique Features

Flexible Policy Tenure
Option to Avail Joint Life Cover
High Sum Assured Rebate

Bajaj iSecure More (Pros)

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Bajaj iSecure More (Cons)

1 year WP for suicide
No policy loan
No whole life coverage

Bajaj iSecure More (Other Benefits)

Death Benefits
Increasing Sum Assured
Tax Rebates

Bajaj iSecure More (Eligibility Criteria)

Entry age - 18 years
Max entry age - 60 years
Min sum assured - Rs 2.5 lakhs
Max maturity age - 70 years
PPT - Same as policy term

Bajaj Diabetic Term

Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individual...

Unique Features

Keep Fit Benefit
Health Coaching
Second Medical Opinion

Bajaj Diabetic Term (Pros)

Premium Reduction on Renewal
Good Health Premium Discounts
Health Management Services.

Bajaj Diabetic Term (Cons)

No Maturity Benefit
No Surrender Value
Limited Coverage With Hba1c Level Above 8%

Bajaj Diabetic Term (Other Benefits)

Tax Benefits Available
Flexible Sum Assured Options
Multiple Premium Payment Frequencies

Bajaj Diabetic Term (Eligibility Criteria)

Entry Age -30 Years
Max Entry Age- 6 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - LP

Bajaj Life Smart Protect Goal

Bajaj Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates, comes i...

Unique Features

Critical illnesses covered
Return of Premiums
4 Plan variants

Bajaj Life Smart Protect Goal (Pros)

Critical Illness Benefit
Accidental Death Benefit (ADB)
Accidental Total Permanent Disability Benefit

Bajaj Life Smart Protect Goal (Cons)

No Loans Allowed
180 Days WP For Critical Illness
No Rebate for SA above 3 cr

Bajaj Life Smart Protect Goal (Other Benefits)

Suicide Cover After 12 Months
Female Life Rebate
High Sum Assured Rebate (HSAR)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Min Sum Assured - 5 L
Max Maturity Age - 75 Yrs(ROP)
Premium Payment Term - RP/SP/LP

Bajaj Lifestyle Secure Plan

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance. What if we told you...

Unique Features

Level Cover Term
Terminal Illness Cover
Flexible-Premium Payment Term

Bajaj Lifestyle Secure Plan (Pros)

Family Cover
Choose your Policy Term (PT)
Inbuilt Accelerated Terminal Illness

Bajaj Lifestyle Secure Plan (Cons)

No Loans Allowed
No Surrender Benefit
No Maturity Benefit

Bajaj Lifestyle Secure Plan (Other Benefits)

Suicide Cover
Easy Claim Settlement
Policy revival Within 5 Years

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 50 Years
Minimum Sum Assured - 3L
Maximum Maturity Age - 60 Years
Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj iSecure Loan

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can ...

Unique Features

Protection against loan
Joint life cover
Rider benefits

Bajaj iSecure Loan (Pros)

Suicide Cover
Tax benefits
Policy Revival within 5 Years

Bajaj iSecure Loan (Cons)

No Survival Benefit
No Surrender Benefit
No Discount Benefit

Bajaj iSecure Loan (Other Benefits)

Accidental Death Benefit Rider
Waiver of Premium Benefit Rider
Accidental Permanent Total/Partial Disability Rider

Bajaj iSecure Loan (Eligibility Criteria)

Entry Age -25 Years
Max Entry Age- 60 Years
Minimum Sum Assured - 3 L
Maximum Maturity Age - 65 Yrs
Premium Payment Term - 10/ 15/ 20/ 25 years

Bajaj Saral Jeevan Bima

Bajaj Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security t...

Unique Features

Death Benefit
Tax Benefit
25 Lakh Max Sum Assured

Bajaj Saral Jeevan Bima (Pros)

Spouse Cover
Max Sum Assured 25 Lakh
Available for Online Buying

Bajaj Saral Jeevan Bima (Cons)

No Survival Benefit
No Surrender Benefit
No Maturity Benefit

Bajaj Saral Jeevan Bima (Other Benefits)

Avail Tax Benefits
Easy Claim Settlement Process
Flexible-Premium Payment term

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 5L
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Life Secure

Bajaj Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating ...

Unique Features

3 Plan Options
Critical Illness Benefit
Waiver Of Premium

Bajaj Life Secure (Pros)

Surrender Benefit
Suicide Cover
Choose your Sum Assured

Bajaj Life Secure (Cons)

No Survival Benefit
No Thyroid Cancer Cover
No Maturity Benefit

Bajaj Life Secure (Other Benefits)

Death Benefit
Accelerated Critical Illness
Waiver of premium Benefit

Bajaj Life Secure (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 20 L
Maximum Maturity Age - NA
Premium Payment Term - 5 7 10 and 15 years

Bajaj iSecure plan

Bajaj iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards ...

Unique Features

105% Death Benefit
Rider Benefit
50 lakhs Max Sum Assured

Bajaj iSecure plan (Pros)

No Suicide Cover
Healthy Lifestyle Incentives
Customizable Options

Bajaj iSecure plan (Cons)

No Maturity Benefit
Limited Rider Options
Limited Availability for POS Channel

Bajaj iSecure plan (Other Benefits)

Tax Benefits
Premium Payment Options
High Sum Assured Rebate (HSAR)

Bajaj iSecure plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 2.5 L
Maximum Maturity Age - 85 Yrs
Premium Payment Term - 10 to 25 Yrs

Bajaj Life e-Touch

Bajaj e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various...

Unique Features

High SI Available
Accidental Death Benefit
Health Management Services

Bajaj Life e-Touch (Pros)

Shield
Shied Plus
Shield Supreme

Bajaj Life e-Touch (Cons)

No Loans Allowed
No Surrender Benefit
No Maturity Benefit

Bajaj Life e-Touch (Other Benefits)

Max Sum Assured 2 Cr
Sheild Super
High Sum Assured Rebate (HSAR)

Bajaj Life e-Touch (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 50 L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - 10 to 40 Yrs

FAQs: Bajaj Life Smart Goal Protect

1. How many major and minor critical illnesses are covered under Bajaj Smart Goal Protect Term Plan

Bajaj Life Smart Protect Goal protects against 19 minor and 36 major Critical Illnesses, including cancer, heart ailments, Alzheimer’s disease, Parkinson’s Disease, and blindness, among others.

2. Under what conditions are Waiver of premium benefits available?

The Waiver of Premium Benefit is available in case of occurrence of Critical Illness (including Accidental Total Permanent Disability) or death of the life assured.

3. Under Joint Life Cover variant can a life insured insure someone else other than the spouse?

No, the Joint Life Cover variant is available only to the spouse of the life assured.

4. What is the rate at which the life cover will increase under the increasing life cover variants?

It depends on the percentage opted by you at the time of inception. You can choose between 5%, 8%, or 10% of the Sum Assured for the annual increase in life cover.

5. How many children can be covered under the Child Education Extra Cover variant?

Multiple children can be covered under the plan as far as Sum Assured is not exceeding 100% of the Base Sum Assured.

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Bajaj Life Smart Protect Goal

Eligibility Criteria for Bajaj Life Smart Protect Goal

Entry age

Maturity age

Policy term

Sum assured

Policy loan

Payment modes

How Does Bajaj Smart Goal Protection Plan Work?

Problem

Solution

Benefits of Bajaj Life Smart Protect Goal

Riders Associated with Bajaj Smart Goal Protection Plan

Bajaj Accidental Death Benefit Rider

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

Features of Bajaj Life Smart Protect Goal

Choice of plan option

Option to choose whole life cover

Choice of benefit option

Extra payout in case of the accident.

Exclusions of Bajaj Smart Goal Protect Plan

Conclusion

Explore more about Bajaj Term Insurance

Explore other Bajaj Term Insurance

Bajaj Superwoman Term Plan (Pros)

Bajaj Superwoman Term Plan (Cons)

Bajaj Superwoman Term Plan (Other Benefits)

Bajaj Superwoman Term Plan (Eligibility Criteria)

Bajaj iSecure More (Pros)

Bajaj iSecure More (Cons)

Bajaj iSecure More (Other Benefits)

Bajaj iSecure More (Eligibility Criteria)

Bajaj Diabetic Term (Pros)

Bajaj Diabetic Term (Cons)

Bajaj Diabetic Term (Other Benefits)

Bajaj Diabetic Term (Eligibility Criteria)

Bajaj Life Smart Protect Goal (Pros)

Bajaj Life Smart Protect Goal (Cons)

Bajaj Life Smart Protect Goal (Other Benefits)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Bajaj Lifestyle Secure Plan (Pros)

Bajaj Lifestyle Secure Plan (Cons)

Bajaj Lifestyle Secure Plan (Other Benefits)

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Bajaj iSecure Loan (Pros)

Bajaj iSecure Loan (Cons)

Bajaj iSecure Loan (Other Benefits)

Bajaj iSecure Loan (Eligibility Criteria)

Bajaj Saral Jeevan Bima (Pros)

Bajaj Saral Jeevan Bima (Cons)

Bajaj Saral Jeevan Bima (Other Benefits)

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Bajaj Life Secure (Pros)

Bajaj Life Secure (Cons)

Bajaj Life Secure (Other Benefits)

Bajaj Life Secure (Eligibility Criteria)

Bajaj iSecure plan (Pros)

Bajaj iSecure plan (Cons)

Bajaj iSecure plan (Other Benefits)

Bajaj iSecure plan (Eligibility Criteria)

Bajaj Life e-Touch (Pros)

Bajaj Life e-Touch (Cons)

Bajaj Life e-Touch (Other Benefits)

Bajaj Life e-Touch (Eligibility Criteria)

FAQs: Bajaj Life Smart Goal Protect

1. How many major and minor critical illnesses are covered under Bajaj Smart Goal Protect Term Plan

2. Under what conditions are Waiver of premium benefits available?

3. Under Joint Life Cover variant can a life insured insure someone else other than the spouse?

4. What is the rate at which the life cover will increase under the increasing life cover variants?

5. How many children can be covered under the Child Education Extra Cover variant?

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