Bajaj Allianz Life Smart Protect Goal Plan
  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
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Bajaj Allianz Life Smart Protect Goal Plan

Bajaj Allianz 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 Allianz Smart Goal Protect is a complete term plan with new-age features in line with your evolving needs.

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

why-choose
  • Multiple coverage options 
  • Whole life cover
  • Critical illness cover
  • Multiple add-ons
  • Automatic Increase of life cover
  • Multiple plan options 

Eligibility Criteria for Bajaj Allianz Life Smart Protect Goal Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 75/85/99 years

Your Gender

Policy term

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

Maternity Benefit Rider

Sum assured

50 lakh to No limit

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bajaj Allianz Smart Protect Goal

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Allianz Smart Goal Protection Plan Work?

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

Why Buy Term Insurance Online?

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 Allianz Smart Protection Goal. He visited PolicyX.com

Let's understand how the Bajaj Allianz 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 Allianz Life Smart Protect Goal Plan

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

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Riders Associated with Bajaj Allianz Smart Goal Protection Plan

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

Bajaj Allianz Accidental Death Benefit Rider

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

Bajaj Allianz 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 Allianz Life Smart Protect Goal Plan

Choice of plan option

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

Option to choose whole life cover

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

Exclusions of Bajaj Allianz 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 Allianz 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 Allianz Term Insurance Company

Explore other Bajaj Allianz Term Insurance

Bajaj Allianz 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 Allianz Term Insurance plans. Below is the list of term plans offered by Bajaj Allianz.

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

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Allianz Life e-Touch Plan (Pros)

Bajaj Allianz Life e-Touch Plan
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Allianz Life e-Touch Plan (Cons)

Bajaj Allianz Life e-Touch Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Life e-Touch Plan (Other Benefits)

Bajaj Allianz Life e-Touch Plan
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life e-Touch Plan (Eligibility Criteria)

Bajaj Allianz Life e-Touch Plan
  • 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

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

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj Allianz iSecure Plan (Pros)

Bajaj Allianz iSecure Plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj Allianz iSecure Plan (Cons)

Bajaj Allianz iSecure Plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj Allianz iSecure Plan (Other Benefits)

Bajaj Allianz iSecure Plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz iSecure Plan (Eligibility Criteria)

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

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Allianz Life Secure Plan (Pros)

Bajaj Allianz Life Secure Plan
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Allianz Life Secure Plan (Cons)

Bajaj Allianz Life Secure Plan
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Allianz Life Secure Plan (Other Benefits)

Bajaj Allianz Life Secure Plan
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Allianz Life Secure Plan (Eligibility Criteria)

Bajaj Allianz Life Secure Plan
  • 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 Allianz Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial se...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Allianz Saral Jeevan Bima (Pros)

Bajaj Allianz Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Allianz Saral Jeevan Bima (Cons)

Bajaj Allianz Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Saral Jeevan Bima (Other Benefits)

Bajaj Allianz Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Allianz Saral Jeevan Bima (Eligibility Criteria)

Bajaj Allianz Saral Jeevan Bima
  • 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 Allianz 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, ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj Allianz iSecure Loan Plan (Pros)

Bajaj Allianz iSecure Loan Plan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj Allianz iSecure Loan Plan (Cons)

Bajaj Allianz iSecure Loan Plan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj Allianz iSecure Loan Plan (Other Benefits)

Bajaj Allianz iSecure Loan Plan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj Allianz iSecure Loan Plan (Eligibility Criteria)

Bajaj Allianz iSecure Loan Plan
  • 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

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 Allianz Lifestyle Secure Plan (Pros)

Bajaj Allianz Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Allianz Lifestyle Secure Plan (Cons)

Bajaj Allianz Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Lifestyle Secure Plan (Other Benefits)

Bajaj Allianz Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Allianz Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Allianz Lifestyle Secure Plan
  • 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 Allianz Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates,...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Allianz Life Smart Protect Goal Plan (Pros)

Bajaj Allianz Life Smart Protect Goal Plan
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Allianz Life Smart Protect Goal Plan (Cons)

Bajaj Allianz Life Smart Protect Goal Plan
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Allianz Life Smart Protect Goal Plan (Other Benefits)

Bajaj Allianz Life Smart Protect Goal Plan
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life Smart Protect Goal Plan (Eligibility Criteria)

Bajaj Allianz Life Smart Protect Goal Plan
  • 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 Allianz Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic in...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Allianz Diabetic Term Plan (Pros)

Bajaj Allianz Diabetic Term Plan
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Allianz Diabetic Term Plan (Cons)

Bajaj Allianz Diabetic Term Plan
  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Bajaj Allianz Diabetic Term Plan (Other Benefits)

Bajaj Allianz Diabetic Term Plan
  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Bajaj Allianz Diabetic Term Plan (Eligibility Criteria)

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

FAQs: Bajaj Allianz Life Smart Goal Protect

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

Bajaj Allianz 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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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.