Every financial planning requires you to consider different aspects and turns of life. One such aspect being, your life’s uncertainty. When it’s about your life goals and your family’s dreams, you cannot simply rely on your savings alone. What you need is a financial back-up! This is where a term insurance plan comes into picture. This comprehensive financial back-up ensures that your loved ones continue to live the same way without worrying about financial burdens, even if something were to happen to you.
| Consider the following illustrations to understand the reasons to buy Bajaj Allianz Life Smart Protect Goal Term Insurance. |
With Bajaj Allianz Life Smart Protect Goal at Bajaj Markets, you can protect your family against any financial burden in your absence. With this plan handy, your nominee will receive a death benefit in the unfortunate event of your death. So, if your family depends on you, a term plan is a must!
Overall, Bajaj Allianz Life Smart Protect Goal is an all-around term insurance plan offering features that align with your evolving needs.
The following are key features of the Bajaj Allianz Life Smart Protect Goal Term Insurance available on Bajaj Markets.
As stated earlier, the term plan offers a death benefit which is the amount your dependents receive in case of your unfortunate death
The policy offers basic coverage with rider benefits. That way, the term plan can be tailored to best suit your unique requirements
The policy is available at competitive premium rates along with features that fulfil your insurance demands
With the Return of Premium feature, if selected, you receive the premiums paid towards the policy as a maturity benefit, in case you outlive the plan
Whole life plan offers coverage until the age of 99 years, even after paying for a limited term. However, it is essential to note that the Return of Premium feature is not available if you opt for the whole life plan.
Not just this! Avail add-on covers to enhance the coverage of the policy. You can opt for covers such as Critical Illness cover, Accidental Death Benefit, Accidental Total Permanent Disability Benefit, and Waiver of Premium Benefit
The policy offers protection against several minor and major critical ailments, if you opt for the Critical Illness cover.
Term insurance is more than just an insurance cover. It comes with the benefit of tax savings. The premiums paid by you are exempted from tax under section 80C. Additionally, you get tax benefits through deduction under section 80D, if the Critical Illness Cover is chosen. In this way, term insurance tax benefits help you save more of your hard earned money.
With the availability of multiple premium payment options, the Bajaj Allianz Smart Protect Goal Term Plan is affordable and easy on the pocket plan. Moreover, the benefit of availing higher death coverage at low premiums makes it an ideal plan. You can use our term insurance calculator to check your policy premium, in just a few clicks online!
Smart Protect Goal Term Plan offers you the flexibility to customize your term plan as per your requirements with multiple add-on covers available.
Consider the following illustrations to understand the reasons to buy Bajaj Allianz Life Smart Protect Goal Term Insurance.
Ms. Avanti recently took a home loan to buy her dream house. Taking a loan is quite a major liability and a burden upon you and your family. So, if anything was to happen to Avanti, the burden of repaying the loan would fall upon her family members. A term insurance plan will take care of all such financial liabilities and free your family from the said burden, in the unfortunate event of your death. This way, Ms. Avanti could rest assured!
Serious diseases can arise without any invitation at any point in life. Mr. Sekar, who was diagnosed with Alzheimer, has been going through some life-changing events. One of the many good things he did in his lifetime was to buy a term insurance plan well in advance along with a Critical Illness cover. A comprehensive term plan provides enhanced protection against life-threatening diseases with the help of Critical Illness cover. A term plan did just this for him.
Bajaj Allianz Life Smart Protect Goal Term Plan offers some crucial term insurance benefits under add-on covers. These add-on covers include –
Return of Premium - As we all know; term insurance only provides death benefits. However, with the return of premium cover, you can receive the premiums paid towards the policy as maturity benefits in case you survive the policy tenure.
Accidental Death Benefit – If you were to die in an accident, the sum assured amount would be paid to your nominees.
Accidental Total Permanent Disability Benefit – In case you were to face permanent disability due to an accident, the sum assured chosen by you would be paid under this cover.
Critical Illness Benefit – If you are diagnosed with a covered critical illness, the sum assured chosen for critical illness benefit will be paid as a lump sum amount. In case of any minor critical illness, 25% of the benefit amount will be paid. In case of a major critical illness, 100% of the chosen benefit amount will be paid.
Waiver of Premium Benefit – In case you are diagnosed with a critical illness, the future premium payments towards the policy are waived off. Critical illness under this cover also includes accidental total permanent disability.
Child Education Extra Cover Variant – You can enjoy additional protection of 10% to 100% of the base cover for the child’s education expense in case of death.
Life Cover with Joint Life Variant – This enables you to include your spouse in the same policy.
Increasing Life Cover Variant – This increases your life cover at every policy anniversary. The sum assured can increase up to 200% of the base cover.
Self |
Self + Spouse |
Self + Child |
This coverage provides life cover for the individual purchasing the policy. The sum assured is paid to your nominee in the unfortunate event of your death during the specified policy term chosen by you. |
This coverage provides life cover for you and your spouse. With this coverage, the death benefit for both, you and your spouse are payable to your nominee. |
With the self+child coverage, where the Child education cover is opted by you, you get additional coverage for your child’s education over and above the base cover amount. This amount is paid to your nominee in case you were to die before your child turns 25. However, if your child is over 25 years of age at the time of your unfortunate death, then he will receive only a base sum assured as a death benefit. |
Key reasons to buy Bajaj Allianz Smart Protect Goal Term Insurance at Bajaj Markets
With a life insurance cover of up to Rs. 50 Crore, you can ensure complete financial security of your family, even in your absence.
Affordable premiums with high sum assured amounts to keep you prepared for more, to achieve your life goals.
Customized term insurance plans that suit all the needs of the policyholder.
With a customer base of 100+ million across the country, Bajaj Markets is the right choice for you. It’s time you choose us as your financial partner.
With a high claim settlement ratio, Bajaj Allianz promises to settle your claim instantly and hence, is a trusted insurance partner.
Buy Bajaj Allianz Life Smart Protect Goal Term Insurance at Bajaj Markets with these six simple steps –
Upload the necessary documents to proceed further.
Your claim shall be assessed by Bajaj Allianz Life Insurance.
After complete assessment, the final claim decision shall be made.
If the life assured commits suicide, whether sane or insane, within 12 months from the date of commencement of risk or the date of latest revival of the policy, the policy shall be terminated by paying to the nominee an amount which is 80% of the premium paid as on the date of death, provided the policy is in-force as on the date of death.
No benefit will be payable in respect of any condition arising directly or indirectly from, through or in consequence of the following exclusions:
No benefits shall be payable as ATPD benefit for any disease or losses caused or aggravated directly or indirectly, wholly or partly by any one of the following:
Apart from the disease specific exclusions given along with definitions of diseases (refer ‘Definition’), no benefit will be payable if the CI is caused or aggravated directly or indirectly by any of the following:
In case you are looking for a Group Term Plan, you can consider Group Term Life Insurance available on Bajaj Markets.
Bajaj Allianz Life Smart Protect Goal is a term plan that provides financial protection for your future goals from life’s uncertainties. There are four variants available under the Smart Protect Goal Term Plan which include • Life Cover – Under this variant your nominee gets a sum assured amount on the unfortunate event of your death. • Life Cover with Child Education Extra Cover (CEEC) - Under this variant if chosen, your children get an extra protection of 10-100% over and above the base cover, for his educational expense in case of your death. • Life Cover with Joint Life - This variant allows you to add your spouse in the same policy • Increasing Life Cover – Under this variant, you can choose to increase your life cover at every policy anniversary.
Life Cover is the sum assured amount that your nominee receives in the unfortunate event of your death.
Bajaj Allianz Life Smart Protect Goal covers 19 minor and 36 major critical ailments. Some of these include cancer, heart diseases, Alzheimer’s disease, Parkinson’s disease, blindness, and more.
A few main reasons for claim rejections are as follows: • Submitting false information during claim registration • In case you forget to pay the premiums on times and the policy lapses • In case the event is not covered under the policy for which the claim is made • If the name of the beneficiary is not updated in the policy
A few main reasons for claim rejections are as follows: • Submitting false information during claim registration • In case you forget to pay the premiums on times and the policy lapses • In case the event is not covered under the policy for which the claim is made • If the name of the beneficiary is not updated in the policy