Bajaj Allianz Life Smart Goal Protect
  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
Bajaj Allianz Term Insurance
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Bajaj Allianz Life Smart Goal Protect Term 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 Term Plan is a term plan that offers versatile features like protection against 5 critical illnesses, a competitive premium, a return of premium feature, whole life cover, and multiple add-ons.

Bajaj Allianz Life Smart Goal Protect Plan Specifications

Entry Age

18 years to 65 Years

Sum Insured

Min: 50 lakh Max: As per Board approved underwriting guidlines

Maturity Age

Max:75/85/99

Policy Term (Months)

5 to 99-Age at entry

Premium payment mode

Yearly / Half Yearly / Monthly

Key Features of Bajaj Allianz Life Smart Goal Protect Plan

Future goals and aspirations can be hindered due to unforeseen circumstances which is why it is essential to be prepared for each and every possibility in life. Bajaj Allianz Life Smart Goal Protect Plan offers multiple features that safeguard your family against the inevitable.

  • Multiple Coverage Options : Bajaj Allianz Life Smart Goal Protect Term Plan offers multiple coverage options such as life cover variant, child education extra cover variant, Life cover with joint life variant, and Increasing Life cover variant.
  • Whole life cover : Under Bajaj Allianz Smart Goal Protect you can avail cover till the age of 99 years by paying for a limited term only.
  • Critical Illness cover : Bajaj Allianz Smart Goal Protect offers you coverage against 55 major and minor critical illnesses.
  • Multiple Add-ons : 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.
  • Automatic Increase of life cover: Under Bajaj Allianz Smart Goal Protect Plan life cover increases at every policy anniversary.

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Bajaj Allianz Life Smart Goal Protect Plan Options

There are a total of 4 plan options available under the Bajaj Allianz Smart Goal Protect Plan. All these options offer different types of features. Given below is a brief overview of all these plan options.

  • Life Cover Variant :Bajaj Allianz Life Smart Goal Protect Life Cover Variant offers benefits such as coverage against 55 critical illnesses, a competitive premium and comprehensive coverage along with multiple add-ons such as Accidental Death Benefit, Accidental Total Permanent Disability Benefit, Critical Illness cover and more.
  • Child Education Extra Cover Variant : Under this variant all the base features are available along with an additional benefit securing the future of your child. This variant provides extra protection of 10-100% of the base cover for the child’s educational expense in case of death of the life assured.
  • Child Education Extra Cover Variant : Life Cover with Joint Life variant
  • Life Plus Health Option: Under this variant of Bajaj Allianz Smart Goal Protect Plan life cover increases at every policy anniversary. The maximum sum assured can increase up to 200% of the base cover.

Bajaj Allianz Life Smart Goal Protect Plan Premium Table

Without Return of premiums

Age/Benefit Option Life Cover Accidental Death Benefit Accidental Total Permanent Disability BenefitCritical Illness Benefit
308,836 6,750 4,459 2,356

With the Return of premiums

Age/Benefit OptionLife CoverLife Cover Accidental Death Benefit Critical Illness Benefit
3020,113 12,6478,031 8,031

*Calculated for 30-year-old male for a cover of 1 Cr

Explore Bajaj Allianz Life Smart Goal Protect Plan Insurance

Know more about Bajaj Allianz Life Insurance plans, claim process, buying process, and contact details of the company by clicking on the sections below:

Claim Process

Click to know Bajaj Allianz Life Claim Process.

Buying Process

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Contact Us

Feel free to contact us for more details.

Bajaj Allianz Life Term Insurance Plans

To secure your family's needs, Bajaj Allianz offers 8-term insurance plans via online and offline channels, from which you can choose a well-suited plan for yourself.

Bajaj Allianz Life Saral Jeevan Bima

A simple easy to understand pure protection term plan which comes in affordable premiums and provides death benefit to the family of the policyholder.

Unique Features

  • Future Proofing Benefit
  • 100 % Death Benefit
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Pros)

  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Saral Jeevan Bima (Other Benefits)

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

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)

The plan provides pure term and health coverage, providing whole life cover and accidental total permanent disability.

Unique Features

  • Waiver of Premium(WOP)
  • Accelerated Critical Illness(ACI)
  • 4 variants

eTouch Online Term (Pros)

  • Shield
  • Shied Plus
  • Shield Supreme

eTouch Online Term (Cons)

  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

eTouch Online Term (Other Benefits)

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

eTouch Online Term (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

Bajaj Allianz iSecure Plan

A comprehensive term life insurance plan that offers level life cover at an affordable cost.

Unique Features

  • Joint Life Cover Option
  • Non-Smokers Discount
  • Flexible Premium Payment

iSecure Plan (Pros)

  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

iSecure Plan (Cons)

  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

iSecure Plan (Other Benefits)

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

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

The comprehensive plan offers death coverage, accidental death coverage, Cancer cover benefits, and Waiver of Premium on Critical Illness Benefits.

Unique Features

  • (ROP) as Maturity Benefit
  • Whole Life cover
  • Waiver of Premium Benefit

Smart Protection Goal (Pros)

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

Smart Protection Goal (Cons)

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

Smart Protection Goal (Other Benefits)

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

Smart Protection 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 Allianz Smart Protect Goal Plan: FAQs

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.

Bajaj Allianz Term Insurance Reviews

Read what our customers have to say about Bajaj Allianz term insurance company

Customer Review Image

Prerna Negi

Chennai

April 8, 2024

I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

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Anupam yadav

Bhopal

February 16, 2024

Excellent customer service of policyx.com They guided me through the entire process of bajaj allianz life insurance and found me the best plan with good coverage under my budget

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Somesh

Agra

December 9, 2022

I had many confusions regarding the term policies . But Policyx has handled it well, m happy that they are my wayfarer in this journey.

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Kaneeka Joshi

Chandigarh

October 6, 2021

good service during claims settlement recently. Now bought another cover from Bajaj for their service

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Shubham Sharma

Delhi

October 5, 2021

grateful! good plans! I m planning to renew my policy now with them. the features are pretty impressive

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Saksham Patani

Bhopal

October 5, 2021

it s a good company. i was offered a term plan and the premiums in my budget! Also thankful to policyx for their inputs and suggestions

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Kopil Dev

Mumbai

October 4, 2021

amazing service! like truly amazing! i mean I have always been so skeptical about insurance...but Bajaj was so professional and dealt with my queries wonderfully!

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Sanam Makheeja

Chandigarh

October 4, 2021

good team the company has created...very very helpful and quick with query resolution! I am grateful to be a customer of this company!