
Bajaj Allianz Smart Protection Goal Plan
Bajaj Allianz Life Insurance
Our Verdict
Bajaj Allianz Life Smart Protect Goal is ideal for individuals seeking affordable term insurance with extensive coverage, critical illness protection, and premium returns. It ensures financial security but may have higher costs for add-ons.
About the Plan
The Bajaj Allianz Life Smart Protect Goal is a comprehensive term insurance plan designed to provide extensive life coverage at affordable premiums. This plan offers multiple variants to cater to individual needs, including options for whole life coverage up to 99 years, return of premium benefits, and protection against financial loss from critical illnesses. Policyholders can customize their coverage by selecting from various add-ons, ensuring a tailored solution that aligns with their financial goals and life stages. The plan also boasts a high claim settlement ratio, reflecting its reliability and commitment to policyholders. Overall, the Bajaj Allianz Life Smart Protect Goal is structured to offer financial security and peace of mind, adapting to the evolving needs of individuals and their families.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
70 years
• Policy Term :
5 to 40 years
• Sum Assured :
₹5,00,000 to ₹25,00,000
• Premium Payment Term :
Single, Limited (5 or 10 years), or Regular Pay
• Premium Payment Frequency :
Annual, Semi-Annual, or Monthly
• Citizenship :
Non-Resident Indians (NRIs) are also eligible to apply, subject to underwriting guidelines.
Eligibility
Features of the Product
Terminal Illness
Total Permanent Disability Payout
Inflation Protection Coverage
Premium Payment Customizations
Return of Premium (ROP) Option
Exclusions
Pre-existing medical conditions may not be covered under Critical Illness Benefit.
Self-inflicted injuries, including intentional self-harm, are excluded.
Illnesses caused due to alcohol or drug abuse will not be covered.
Any medical condition arising from participation in hazardous activities is excluded.
Illness or death resulting from involvement in criminal acts will not be covered.
Specific exclusions apply under the Critical Illness Benefit, as detailed in Annexure K of the policy document.
Exclusions
Accidental Death - Additional sum assured is payable if the policyholder dies due to an accident.
Critical Illness - The plan covers a range of critical illnesses, providing a lump sum payout on the first diagnosis of a covered condition.
Waiver of Premium Rider - Waives all future premiums in case of total permanent disability or critical illness, ensuring uninterrupted coverage.
Accidental Total and Permanent Disability Rider - Pays a lump sum benefit if the policyholder suffers a permanent disability due to an accident, helping to manage financial burdens.
Income Benefit Rider - Provides regular monthly income to the family for a specified period in case of the policyholder’s demise, ensuring financial stability.
Add-ons

If you are a woman
The premium rate applicable to female life will be based on the premium rate of 3 years younger male. This Rebate shall not be applicable for Pay-till-60 PPT option.

If you smoke
Preferential Premium rates will be offered to non-tobacco users & to women, and premium discount will be offered for policies sourced through online mode
Note :
Suicide Clause : In such an event, the company will pay 80% of the total premiums paid till the date of death, provided the policy is in force. No other benefits will be payable.
Free look up period: Policyholders have a free-look period of 30 days from the date of receipt of the policy document. If they are not satisfied with the terms and conditions of the policy, they can return it, stating the reasons for objection.
Grace Period: The plan offers a grace period of 30 days for annual and semi-annual premium payments and 15 days for monthly payments.
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About the Company
Bajaj Allianz Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and Allianz SE founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise of Allianz SE with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security.
The managing director and CEO of Bajaj Allianz is Mr Tarun Chugh.