Bajaj Allianz Life Insurance - Smart Protect Goal Plan with Rs. 1 crore life cover at Rs. 651*/month
Product highlights
Key features and benefits of this policy
00:56
Secure your family's future with Bajaj Allianz Life Insurance - Smart Protect Goal Plan
Learn the features and the benefits of the the policy here.
-
55 critical illness coverage
Get coverage for medical expenses of 55 chronic and terminal illnesses listed in the policy document.
-
Return of premium benefit
If no claim is made during the policy tenure, you will receive the total premiums paid towards the policy at maturity.
-
Enhance policy coverage with optional add-ons
Choose from various add-ons - accidental death coverage, accidental total permanent disability benefit, and critical illness benefit.
-
Tax benefits
Get tax exemptions on premiums paid for life insurance policies under applicable tax laws.
-
Accidental death coverage (add-on)
Offers the sum assured in case the policyholder dies due to an accident.
-
Accidental total permanent disability benefit (add-on)
Offers the sum assured in case of total permanent disability of the insured due to an accident.
Eligibility criteria and documents required
Anyone can apply for Bajaj Allianz Smart Protect Goal Plan as long as you meet these criteria mentioned below. If you meet all the eligibility criteria, we will need a set of documents from you to complete your application process.
Eligibility criteria
- Nationality: Indian
- Age: 18 years to 65 years
Documents required
- Age proof, such as birth certificate, passport, Aadhar card, etc.
- Address proof such as Aadhar card, telephone bill, electricity bill, ration card
- Identity proof such as Voter's ID, passport, driving licence
- Passport-sized photograph of the proposer
- Income proof, such as income tax returns of the previous two years, or bank statement of the previous six months
Step-by-step guide to buy this policy
-
Step 1
Click on ‘Get Quote’ to open our online application form.
-
Step 2
Enter the required details – name, mobile number, email ID, DOB, and gender. Click on ‘Proceed’ button.
-
Step 3
Share a few more details related to your lifestyle, occupation, education, income and PIN code. Click on ‘View Plans’ button.
-
Step 4
You will see the plans available. Click on ‘Buy Now’ on the plan and our representative will call you back and explain the products available for you to take an informed decision.
Policy details
Here is a quick look at the policy details of Bajaj Allianz Smart Protect Goal plan:
- Without ROP (Return of Premium)
- With ROP (Return of Premium)
| Policy details | Description |
|---|---|
| Policy tenure | Limited pay plans (LP): 6 years to (85 minus age at entry) years | Regular premium (RP): 5 years to (85 minus age at entry) years | Single pay plans (SP): 5 years to 40 years |
| Minimum premium (in Rs.) | 651/month* |
| Maximum sum assured (in Rs.) | 1 crore |
| Premium paying term | Limited pay plans (LP): 5 years to 30 years | Regular premium (RP): 5 years to 67 years | Single pay plans (SP): Single premium |
| Premium paying mode | Monthly, semi-annually and annually |
| Maturity age | 75 years |
| Grace period | 30 days |
| Policy details | Description |
|---|---|
| Policy tenure | Limited pay plans (LP): 10 years to (75 minus age at entry) years | Regular premium (RP): 10 years to (75 – age at entry) years | Single pay plans (SP): 10 years to 40 years |
| Minimum premium (in Rs.) | 737/month* |
| Maximum sum assured (in Rs.) | 1 crore |
| Premium paying term | Limited pay plans (LP): 5 years to 30 years | Regular premium (RP): 10 years to 57 years | Single pay plans (SP): Single premium |
| Premium paying mode | Monthly, semi-annually and annually |
| Maturity age | 85 years |
| Grace period | 30 days |
Key inclusions and exclusions
Here is a quick look at the inclusions and exclusions under the Bajaj Allianz Smart Protect Goal plan:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Whole of life cover | Option to get whole life coverage up to the age of 99 years |
| Return on premium | Receive the total premium paid towards the policy at the time of maturity if no claim is made |
| Critical illness benefit (add-on) | If diagnosed with any of the listed critical illnesses, the policyholder will receive the sum assured |
| Waiver of premium benefit (on critical illness) | All future premiums due are waived off on the diagnosis of a 4th minor or 1st major critical illness |
| Key exclusions | Description |
|---|---|
| Accidental death | Resulting from breach of law. Under the influence of alcohol. Self-inflicted injuries. Taking part in any naval, military or air force operation during peace time. As a result of suicide. As a result of war, invasion, civil war, rebellion, riots. As a result of nuclear contamination |
Product information
For complete details on product benefits, features, terms and exclusions, please read the product brochure and policy wordings carefully before buying a policy.
How to raise a claim
Follow these steps to raise claim requests for Bajaj Allianz Smart Protect Goal plan.
-
Step 1 - Register your claim request
Register the claim request with the insurer through their website, e-mail or by calling their claim assistance number
Contact No.: 1800 2201 02
Email at: balic.healthclaims@healthindiatpa.com -
Step 2 - Submit the required documents
Submit the necessary documents along with the duly filled claim form online or to the nearest branch of the insurer
-
Step 3 - Claim settlement
The claim request will be assessed, and the status will be informed to the claim initiator via e-mail and SMS. It can also be checked online on the insurer’s website
Documents required for raising a death claim request
Here is the list of documents you need to raise a death claim for Bajaj Allianz Smart Protect Goal plan.
- Original policy documents
- Attested copy of death certificate issued by local municipal authority
- Death claim intimation form
- NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
- Nominee's photo identity and address proof such as copy of passport, voter identity card, Aadhaar (UID) card, etc.
- FIR copy or post-mortem report in case of an accidental/unnatural death
Documents required for raising a critical illness claim request
Here is the list of documents you need to raise a critical illness claim for Bajaj Allianz Smart Protect Goal plan.
- Attested copies of medical records/ indoor papers of the hospital
- Critical illness claim form
- Hospital discharge summary
- Hospital bills
- NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
- Claimant's photo identity & address proof such as copy of Passport, Voter identity card, Aadhaar (UID) card, etc.
Frequently asked questions
Bajaj Allianz Life Smart Protect Goal covers 55 critical ailments. Some of these include cancer, heart diseases, Alzheimer’s disease, Parkinson’s disease, blindness, and more.
The Waiver of Premium Benefit is available in case of critical illness (including Accidental Total Permanent Disability) or death of the life assured.
Surrender value is the amount the policyholder gets if he terminates/surrenders the policy before maturity. A regular premium policy acquires surrender value after the policyholder has paid the premiums regularly for at least 3 years.
A pension plan or retirement plan is a type of investment plan, which helps you to accumulate a part of your savings over the long term. This ensures you can have a secured financial future post-retirement.
Endowment plans are regular savings plans that help you to build a financial corpus and give maturity benefits along with bonuses.
The reversionary bonus, also called a regular bonus, depends on the performance of the insurer and is an addition to the fund every year. It is payable at the end of the policy period.
