Insure
Traditional Plans
Bajaj Allianz Life POS Goal Suraksha

At a glance

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 Allianz Life POS Goal Suraksha, an easy to buy, Non linked Non-participating limited premium payment endowment plan that secures you and your family against all odds with a guaranteed1 sum at maturity.

Key Features

  • Guaranteed1 Maturity Benefit
  • Offer 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. For more details please refer to sales brochure.

How does the plan work? 

Step 1: Choose your Premium Amount

Step 2: Sum Assured will be 10 times of the annualized premium

Step 3 : Choose your Policy Term (PT)

Step 4: Choose your Premium Payment Term (PPT) from available options

KEY BENEFITS

Maturity Benefit

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

Death Benefit

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

The Sum Assured on Death# is the higher of:

(i) 10 times of Annualized Premium*, (ii) 105% of Total Premiums** paid as on date of death, (iii) Sum Assured#

In case of death of the Life Assured during the Waiting period$ other than due to an accident, the death benefit payable to the nominee(s)/beneficiaries will be the 100% of Total Premiums** paid till date, excluding any extra premium& Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

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.

*Annualized Premium is exclusive of extra premium, loadings for modal premiums and Goods &Service Tax /any other applicable tax levied, subject to changes in tax laws, if any.

**Total Premiums paid is equal to (Annualized Premium X number of years for which premiums have been paid)

#Guaranteed Sum Assured on Maturity and Sum Assured is 10 times the Annualized Premium

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

Guaranteed Additions

On maturity date, if all due premiums have been paid, Guaranteed1 Additions as a multiple of one Annualized Premium will be paid along with the maturity benefit. The Guaranteed1 Additions payable are as per the table given below –

GA as Multiple of one (1) Annualized Premium

Age Band
(Age at Entry)

Policy Term - Premium Payment Term

10-7

15-5

15-7

15-8

15-10

15-12

20-5

20-7

20-8

20-10

20-12

18-24

0.21

0.41

4.51

6.32

9.50

12.48

5.07

9.88

12.55

17.08

20.57

25-34

0.21

0.41

4.05

5.81

8.77

11.59

4.3

9.07

11.66

15.95

18.86

35-45

0.21

0.41

3.81

5.54

8.25

10.96

4.22

8.67

11.28

15.39

17.82

46-55

0.2

0.41

3.29

4.96

7.99

10.63

NA

NA

NA

NA

NA

Guaranteed additions will not be payable in case of a lapsed or paid-up policy.Please refer to the product brochure for detailed description on the above benefits.

Eligibility

Parameter

Details

Minimum Entry Age

18 Years

Maximum Entry Age

55 Years

Minimum Age at Maturity

28 Years

Maximum Age at Maturity

65 Years

Policy Term (PT) & Premium
Payment Term (PPT)

PT (In year)

10

15

20

PPT (In year)

7

5,7,8,10 & 12

5,7,8,10 & 12

Minimum Premium

Mode

Yearly

Half-Yearly

Quarterly*

Monthly*

Premium (Rs.)

3,000

2,100

1,250

450

Maximum Premium

As per maximum Sum Assured

Minimum Sum Assured

Rs. 30,000

Maximum Sum Assured

Rs. 25,00,000

Premium Payment Frequency

Yearly, Half-yearly, Quarterly and Monthly
*Quarterly & Monthly premium payment frequency will be
only under auto-debit process (as per the approved RBI facilities)

Disclaimer

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life POS Goal Suraksha are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions, please read sales brochures & policy document (available on www.bajajallianzlife.com) carefully before conducting a sale.  Bajaj Allianz Life POS Goal Suraksha (UIN: 116N155V09)– A Non-Participating Non-linked Life Insurance Plan. Regd Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune – 411006. Reg. No.: 116. CIN: U66010PN2001PLC015959 | Mail : [email protected] | Call On: Toll free no.: 1800 209 7272 | Fax No.: 02066026789. The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use it “Allianz” Logo. All charges/taxes, as applicable, will be borne by the Policyholder. Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Bajaj Allianz Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Bajaj Allianz Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis, and is not linked to availment of any other facility from the bank.  ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

BEWARE OF SPURIOUS FRAUD PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint

BJAZ-WP-ECNF-01972/23

UIN: 116N155V09

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