Bajaj Life Guaranteed Wealth Goal is a non-linked, non-participating, individual life insurance savings product that is designed to empower you in your life journey with guaranteed benefits whilst safeguarding your family’s future against unforeseen events. With this product, your savings remain secure and grow steadily, allowing you to focus on enjoying life without financial concerns.
Key Benefits
Get life insurance cover during the entire policy term for financial security of your family
Flexibility to choose from three plan variants, as per your financial need
All the benefits under the policy are guaranteed*
Enhanced protection through choice of riders
Tax Benefits as per applicable tax laws as amended from time to time#
*Conditions Apply – The guaranteed benefits are dependent on policy term; premium payment term availed along with other variable factors. For more details, please refer to sales brochure.
# Tax Benefits as per prevailing Section 10(10D) and Section 80C (under the old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advise for eligibility before claiming any benefit under the policy.
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Parameter |
Variant |
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Wealth Creation |
Assured Income |
Second Income |
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Age at Entry (in years) |
PPT |
5 & 6 |
Others |
PPT |
All |
PPT |
5 & 6 |
Others |
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Minimum |
0 |
Minimum |
1 |
Minimum |
0 |
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Maximum |
20 SA Multiple |
50 |
55 |
Maximum |
SA Option 1 |
60 |
Maximum |
Option1 |
50 |
60 |
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15 SA Multiple |
55 |
60 |
SA Option 2 |
Option2 |
60 |
60 |
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Other SA Multiple |
60 |
60 |
Option 3 |
50 |
50 |
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Age at maturity (in years) |
Minimum: 18 Maximum: 99 |
Minimum: 18 Maximum: 77 |
Minimum: 20 Maximum: 99 |
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Minimum* & Maximum Premium (in Rs) |
Minimum: 12,000 Maximum: No limit as per BAUP^ |
Minimum: 18,000 Maximum: No limit as per BAUP^ |
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Premium Payment Frequency |
Yearly, Half yearly, Quarterly and Monthly Half yearly, Quarterly and Monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions. |
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^Board Approved Underwriting Policy
*The Minimum premium for other premium payment frequencies will be computed as per modal factors.
All ages mentioned above are age as on last birthday. Risk cover will commence immediately on the date of
commencement of risk of the policy.
For female lives, the age set-back of 3 years will be applicable for calculation of SA
Multiple/ Base Income/ Guaranteed Maturity Benefit, as applicable in the plan variant.
Insurance is a subject matter of solicitation. Sharekhan Ltd. acts solely as a distributor of Life Insurance and does not underwrite risks or process claims. For detailed Insurance Disclaimer and other details, click here.
