Bajaj Allianz Life Insurance - Smart Protect Goal Plan with Rs. 1 crore life cover at Rs. 651*/month

Key features and benefits of this policy

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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.

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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

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

    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

    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

    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

What major and minor critical illnesses are covered under Smart Protect Goal?

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.

Under what circumstances is the waiver of premium benefit available?

The Waiver of Premium Benefit is available in case of critical illness (including Accidental Total Permanent Disability) or death of the life assured.

What is a surrender value?

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.

What are pension plans?

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.

What is an endowment plan?

Endowment plans are regular savings plans that help you to build a financial corpus and give maturity benefits along with bonuses.

What is a reversionary bonus?

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.

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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. This product provides insurance coverage under Bajaj Allianz Smart Protect Goal Plan UIN: 116N163V01. Please refer to the insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws, which are subject to change in future. Please consult your tax adviser for more details. Visitors are hereby informed that by providing their personal or any information on our website they agree and understand that the information submitted by them may be shared with insurers.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

*Premium mentioned is applicable for policy term of 25 years for a 30-year-old male under the Bajaj Allianz Smart Protect Goal (without return of premium) plan and the premium is exclusive GST and Taxes.