Bajaj Life Goal Suraksha

Your family's security and its future well-being is one of the most treasured dreams in your life. But when Security is backed up by a guarantee¹, your dream can transform into an achievable GOAL. Presenting Bajaj Life Goal Suraksha, an easy to buy, non linked non-participating limited premium payment plan that secures you and your family against all odds with a guaranteed¹ sum at maturity.

¹Conditions apply – The guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors.

Key Features

Guaranteed¹ maturity benefit
Offers guaranteed¹ additions at maturity
Limited premium payment term
Option to take policy loan
Option to alter premium payment mode

¹Conditions Apply – The guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors.

Maturity Benefit:

On the maturity date, if all premiums are paid, the Guaranteed1 Sum Assured⁶ on Maturity2 plus Guaranteed¹ Additions, under your policy, will be paid and the policy will terminate.

Guaranteed¹ Additions - On maturity date, if all due premiums have been paid, guaranteed¹ Additions as a multiple of one Annualized Premium³ will be paid along with the maturity benefit. Guaranteed¹ additions will not be payable in case of a lapsed or paid-up policy.

Death Benefit:

In case of unfortunate death of the Life Assured due to accident during the waiting period⁴ or in case of death of the Life Assured after the waiting period⁴ due to any cause, the death benefit is payable to the nominee(s)/ beneficiaries. Such death benefit is stated as Sum Assured⁶ on Death which is as below.

The Sum Assured on Death⁶ is the higher of:

Sum Assured⁶ Multiple X Annualized Premium³
Sum Assured⁶,

In case of death of the Life Assured during the Waiting period⁴ other than due to an accident, the death benefit payable to the nominee (s)/beneficiaries will be the 100% of Total Premiums paid⁵ till date, excluding any extra premium & Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws. At no time the Death Benefit will be less than Guaranteed¹ Death Benefit of 105% of the Total Premiums paid⁵ up to the date of death. The policy will terminate on payment of the death benefit. The death benefit is payable provided the policy is in-force and all due premiums have been paid.

¹Conditions 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.

²Guaranteed Sum Assured on Maturity” is (110%*Premium Payment Term) times the Annualized Premium

³Annualized Premium shall be the premium amount payable in a year chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

⁴Waiting period is the first 90 days from the date of commencement of risk. Waiting period is not applicable in case of revival.

⁵Total Premium paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

⁶“Sum Assured (SA)” is SA multiple X the Annualized Premium