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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:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 75/85/99 years
Minimum term - 5 years Maximum term - 99 minus Entry age
50 lakh to No limit
The policy loan is not available under Bajaj Allianz Smart Protect Goal
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Allianz Smart Goal Protection Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that offers him increasing life cover and an option to add his spouse to the policy.
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.
Here are the benefits associated with the Bajaj Allianz Life Smart Protect Goal Plan
Under Bajaj Allianz Smart Goal Protect Plan, life cover increases at every policy anniversary.
With Bajaj Allianz Life Smart Goal Protect Term plan a policyholder gets multiple add-ons like Accidental Death Benefit, Accidental Total Permanent Disability Benefit, Critical Illness Cover, and waiver of premium benefit.
Under Bajaj Allianz Smart Goal Protect you can avail cover till the age of 99 years by paying for a limited term only.
Bajaj Allianz offers term insurance tax benefits under section 80C of the income tax act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Bajaj Allianz Term Insurance Plans
You can add the following riders to your Bajaj Allianz Smart Goal Protection Plan:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.
Bajaj Allianz Smart Protect Goal plan provides you 4 plan options to choose from as per your financial requirements.
Bajaj Allianz Smart Goal Protection Plan offers you the option to choose the whole life cover up to the age of 99 years.
Choose how your family receives the benefit in your absence, as a lump sum or a combination of lump sum & monthly income
Bajaj Allianz e-Touch Term Plan offers extra payout in case of the accident of the policyholder.
Here is the list of exclusions associated with the plan:
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.
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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.
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.
No, the Joint Life Cover variant is available only to the spouse of the life assured.
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.
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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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.
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February 5, 2023
Asia/Kolkata
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