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Overview
Bajaj Life Smart Protect Goal is a flexible term insurance plan built for modern financial needs. An economical plan with affordable premium rates, it is available in multiple variants: Life Cover, Child Education Extra Cover, Life Cover with Joint Variant, and Increasing Life Cover Variant. Bajaj Smart Protect Goal is a comprehensive term plan designed to meet your evolving needs.
Bajaj Life Smart Protect Goal Plan offers 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
Key Features of Bajaj Life Smart Protect Goal Plan
Choice of Plan Option
Bajaj Smart Protect Goal Plan provides four plan options to choose from as per your financial requirements.
Option to Choose Whole Life Cover
Bajaj Smart Protect Goal Plan offers the option to choose 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 and monthly income.
Extra Payout in Case of Accident
Bajaj Smart Protect Goal Term Plan offers an extra payout in case of the policyholder's accident.
Automatic Increase of Life Cover
Under Bajaj Smart Protect Goal Plan, life cover increases at every policy anniversary.
Multiple Add-ons
With Bajaj Life Smart Protect Goal 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.
Whole Life Cover
Under Bajaj Smart Protect Goal, you can avail cover till the age of 99 years by paying for a limited term only.
Tax Benefits
Bajaj 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.
Riders Associated with Bajaj Smart Protect Goal Plan
Bajaj Accidental Death Benefit Rider
In case of the policyholder’s demise due to an accident, benefits are paid to their nominee.
Bajaj Accidental Total Permanent Disability Benefit (ATPDB)
Under the accidental disability rider, benefits are offered in case of the policyholder’s disability or demise due to an accident.
Exclusions
- Suicidal death is not covered.
- Death due to alcohol or drug consumption.
- Accidental death due to rash driving or involvement in hazardous sports.
