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Bajaj Allianz Goal Assure ULIP

Each one of us have a series of goals in our life’s journey. From receiving your first salary to getting married, from having your first child to buying your dream home, our life goals continue to expand. These experiences add an essence to your life and make it more memorable. And, with the human tendency to protect what we value the most, these life goals must be protected. You can’t afford to go wrong when it comes to planning for your life goals. Imagine falling short of funds and finances when it comes to fulfilling your child’s education or saving for your own retirement! With the Bajaj Allianz Life Goal Assure ULIP plan, you can rest assured! It is a life goal-based Unit Linked Insurance Plan that offers you the opportunity to plan for the most valuable lifetime experiences without any worries.

Why Invest in Goal Assure?

  • Achieve big goals with small investments

    Now owning your dream bungalow, traveling around the world with your partner or sending your kids abroad for higher education, all could be a reality. All you need to do is start planning for them today! Breakdown your bigger savings into smaller investments today, and earn higher ULIP returns for the same goal, with the Bajaj Allianz Life Goal Assure!

  • Paying off debts is not easy!

    With increasing expenses and growing inflation burning a hole in the common man’s wallet, taking loans have become very common. The process of lending proves to be a major roadblock on the paths of success and achieving future goals. Here, small investments done at regular intervals can be a helping hand for you while you repay your debts and clear your financial liabilities. Now you wouldn’t have to compromise on your future and lifestyle due to unavoidable debts.

  • Plan your retirement early!

    When it comes to planning for your retirement, the earlier you start, the better it is. Having a stale financial support while you live the second innings of life is highly crucial. Having said that, it’s quite difficult to plan for a time that is nearly 30 years ahead and for an undefined period of time. But we’ve all got to start somewhere. A small amount every month and every year will really go a long way in helping you build up your retirement nest egg. You also save more with ULIP tax benefits under section 80C of the income tax act. The Bajaj Allianz Goal Assure plan is all you need.

  • Give wings to your dreams

    It’s never too late to pursue your passion. If you’d like to learn how to play an instrument or take up a hobby, investing a little time every day makes far more sense than trying to learn everything all at once over a weekend. By investing in ULIP plans and setting time aside for yourself every day, you’ll be able to achieve more and follow your dreams.

Features and Benefits of Bajaj Allianz Goal Assure ULIP

  • Death Benefit

    If the policyholder happens to die the date of maturity the death benefit is paid to his/her nominee. The death benefit includes Regular Premium Sum Assured or regular premium fund value plus, whichever is higher. This also includes, top-up sum assured or top-up premium fund value, if any, whichever is higher.

  • Maturity Benefit

    Maturity benefit is the survival advantage you enjoy at the end of the policy term. On survival, if all the premiums are paid till maturity, you receive the Fund value including Loyalty Additions, Fund Boosters, Sum of all Mortality charges deducted throughout the policy term.

  • Fund Booster at maturity – (for policy term 10 years or greater)

    The fund booster on maturity, helps you grow your money without making any further investments. Fund booster is a loyalty rewards that you receive for paying premiums regularly.

  • 4 investment portfolio strategies to choose from

    When making an investment, you may want to manage your investments by yourself. With a choice of 4 different investment portfolio strategies, you can plan your investments at the very initial stage. You can manage your money by investing it according to your risk appetite and watch your money grow.

  • Get Tax Benefits

    With this plan, you can reduce your taxable income by investing up to Rs. 1.5 Lakhs under Section 80C, according to the Income Tax Act, 1961. The premiums paid by you, maturity benefit, death benefit and surrender benefit are eligible for tax benefits as per Income Tax Act, 1961. Goal Assure ULIP also offers a tax-free maturity amount under Section 10(10D) of the Income Tax Act 1961.

How does Goal Assure work?

In Bajaj Allianz Life Goal Assure, the premium paid by you is invested across the various funds applicable as per your chosen portfolio strategy. The units are allocated at the prevailing Unit Price of the fund.

Let’s understand with an example how the Goal Assure ULIP helps you save for your future goals

Alok is 35 years old Male and has taken a Bajaj Allianz Life Goal Assure policy for a goal to buy his dream house. For this, he is investing Rs. 10,000 per month for a payment term of 10 years with a Sum Assured of Rs. 12 Lakhs. This brings his total investment to Rs. 18,00,000. On the maturity, Alok would get returns of Rs. 37,83,930 which he would then utilize for making the down payment of his dream house. 

Investment Strategies for Goal Assure ULIP Plan

  • Investor Selectable Portfolio Strategy
  • Wheel of Life Portfolio Strategy
  • Trigger Based Portfolio Strategy
  • Auto Transfer Portfolio Strategy

To reap ULIP benefits, as a policyholder you can allocate the premiums based on your personal choice among the 8 given funds, as per your risk appetite and investment needs. For more details please refer to the policy brochure. 

Financial needs and goals change as life progresses. Therefore, having an investment strategy that can be re-aligned to such changes in essential. The wheel of life investment strategy allows the policyholder to allocate premiums among 5 funds in pre-defined ratio. This ratio changes as the policy ages towards maturity. 

As a policyholder, you can opt for this strategy only at the commencement of the ULIP plan. This strategy is not only helpful in securing the gains but also helps in the maintenance of asset allocation. At a ratio of 75:25, your premiums get allocated in Equity Growth Fund II and Bond Fund and this ratio gets re-balanced/re-allocated based on a pre-defined trigger event. The trigger event is defined as 15% upward movement in NAV (unit price) of Equity Growth Fund II since the previous rebalancing or from the NAV (unit price) at the inception of the policy, whichever is later. For more details please refer to the policy brochure.

As a policyholder, this strategy allows you to invest your money in a systematic way over the years, by transferring the money automatically from a low risk fund(s) to a fund of your choice. The switching proportion depends upon the number of outstanding months, till the next premium due date of your Bajaj Allianz ULIP. However, this strategy won’t be available to you if you’ve opted for a monthly premium payment mode. For more details please refer to the policy brochure.

Why Bajaj Allianz Goal Assure from Finserv MARKETS?

Bajaj Allianz Goal Assure

Manage all your Goal Assure related queries here

  • ✔️What is Return Enhancer benefit under Settlement option in Goal Assure Plan?

    In case of ULIPs, you get the option to take maturity in instalments with Return Enhancer. The amount paid out to you in each instalment will be the outstanding Fund Value as at that installment date divided by the number of outstanding installments is hiked-up by 0.5%. Therefore, each installment is equal to [Fund Value / No. of Outstanding Installment] * 1.005, where the hike-up is called Return Enhancer.
  • ✔️Can one switch the investment fund after investing in a ULIP policy?

    Yes. Bajaj Allianz Life Goal Assure comes with a “SWITCH” option that allows you to shift the investments in a policy from one fund to another, provided the feature is available in the product. A fee is charged for switches made beyond a specified number depending on the insurer, while the specified number of switches are generally affected free of cost.
  • ✔️What is settlement option under ULIP Policy?

    In Bajaj Allianz Goal Assure Policy, instead of taking a lump sum amount at maturity, some plans provide you with an option to receive the maturity benefits as a structured payout (periodic instalments) over a period of 5 years after maturity. This is known as the Settlement Option.
  • ✔️What is the amount that I receive at the end of policy term?

    The benefit you will receive at the end of policy term is called Maturity Benefit which will be equal to the Fund Value at the time of maturity.
  • What is a Fund Value and how it is calculated?

    Fund Value is the total value of your premiums that are invested in various funds of your choice. It can be calculated by using the following formula, Fund Value = Total Number of units under a policy x Net Asset Value

ULIP (Unit Linked Insurance Plan) Reviews

ULIP (Unit Linked Insurance Plan) Reviews

3.8out of 5

7 reviews

Best for Achieving Life Goals

I’ve started investing in Bajaj Allianz Goal Assure ULIP to meet my goal of purchasing my dream house. I hope that the returns will help me achieve my goal. The best part is I can avail tax benefits on this investment

Planning Retirement was Never this Easy

Life after retirement can be difficult, especially if you don’t have a strong financial backup. Keeping this in mind, I’ve made investment in Bajaj Goal Assure ULIP. By making small investments, I will be able to lead a comfortable life post retirement.

Fast Application Process and Efficient Customer Service

The application process for Bajaj Goal Assure ULIP was simple. Also, the customer service was proactive and helped me with all my queries. A big thank you to Finserv MARKETS.

I could manage my child's education expenses easily

With Bajaj Allianz Goal Assure, I could save up for my child's education and manage her daily expenses. Finserv MARKETS enabled me to get the plan through a quick and simple process.

Bajaj Goal Assure is a great product!

With ULIP plans available on Finserv MARKETS, saving for my higher education was no more a challenge. I started my saving journey with this product and it has been of great help.

My dream house is not too far!

The Bajaj Allianz Goal Assure was a perfect investment plan for the most important goal of my life, my dream house. With the high returns that I would yield through this ULIP, I shall pay my home loan down-payment. Cannot wait for to get my dream house. Thanks, Finserv MARKETS.

I can now invest for expanding my store

I own a stationary store and was gathering funds for buying a new photocopy machine. With Bajaj Allianz Goal Assure, I can rest assured that this process will be easy. The investment plan helped me plan the expansion of my business without worrying about funds.