Bajaj Allianz Life My Wealth Goal

Bajaj Allianz Life My Wealth Goal is insurance cum investment plan. The policy combines two plans such as a whole life plan, namely Bajaj Allianz Lifelong Assure, and an insurance plan, namely Bajaj Allianz Life Future Wealth Gain. The policyholders can choose different premium terms and premium modes. The policyholders can avail of cash bonuses and guaranteed cashback to meet their future financial obligations and get income benefits.

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7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Plan starting from ₹1,000/month
Save upto ₹46,800 in Tax under section 80C^{^}
Zero LTCG Tax^¶
In built life cover

Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# on Maturity

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7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

The available investment option helps to increase wealth based on the risk factor chosen and money invested. Thus, the policy helps individuals who can take necessary investment initiatives to get optimum benefits from the policy and increase their wealth to secure financial obligations.

Bajaj Allianz Life My Wealth Goal Plan Details:

Parameters	Details
Tenure	100 years less the entry age
Premium Payment Terms	Bajaj Allianz Lifelong Assure: 10 years, 15 years, 20 years Bajaj Allianz Life Future Wealth Gain: 5 years, 7 years, 10 years, 15 years
Premium Payment Mode	Monthly, Quarterly, Half-Yearly, Yearly
Entry Age	Minimum: 10 years Maximum: 55 years
Maturity Age	100 years
Grace Period	Not Available
Sum Assured	As per age, gender, policy term, premium payment term, annualized premiums
Liquidity	The policyholders can invest in funds as applicable.

Benefits of Bajaj Allianz Life My Wealth Goal

The core benefits of Bajaj Allianz Life My Wealth Goal are as follows:

Flexibility

The policyholders can opt for two plans, such as Bajaj Allianz Life Future Wealth Gain and Bajaj Allianz Lifelong Assure. They can also choose from the different premium modes, premium terms, assured sums, and other policy aspects.
High Returns

Bajaj Allianz Life My Wealth Goal Policy offers the facility to invest in various market-linked funds to generate higher returns from the premiums paid.
Lifelong Income

The policy covers individuals' financial security by offering guaranteed cashback at 3% of the yearly-assured sum after completing the policy term until 99 years of age. The policyholders become eligible to receive a cash bonus after the 6th policy years.
Investment Options

The policyholders will be able to invest in two types of funds. There are Wheel of Life Portfolio Strategy and Selectable Portfolio Strategy, depending on individuals' risk averseness and investment ability.
Maturity Benefit

The policyholders will get the maturity benefit at the end of Bajaj Allianz Life My Wealth Goal premium payment term and policy term as a percentage of policy returns as applicable.
Death Benefit

The policyholders will get the death benefit as a sum of an applicable accrued cash bonus and guaranteed cashback, provided all the premiums are paid.
Tax Benefits

Bajaj Allianz Life My Wealth Goal Policy offers tax benefits as per Section 80(C) and maturity and death benefits as per Section 10(10D) of Income Tax Act 1961.

*Tax benefit is subject to changes in tax laws

The Premium for Bajaj Allianz Life My Wealth Goal

The policyholders are required to pay premiums applicable to both the plans included.

Bajaj Allianz Future Wealth Gain Plan - The policyholders are required to pay a minimum of Rs. 5,000 for monthly mode, Rs.15,000 for quarterly mode, Rs.30,000 for half-yearly mode, and Rs.50,000 for annual mode.
Bajaj Allianz Lifelong Assure - Different premium amounts are available as per the premium Payment Term and the Premium payment mode chosen.

The policy does not have a specific maximum premium payment limit. It is decided based on company discretion.

Individuals can use Bajaj Allianz Life My Wealth Goal calculator available online to calculate the premium amount based on policy options chosen.

Additional Riders for Bajaj Allianz Life My Wealth Goal

Not Available.

Eligibility for Bajaj Allianz Life My Wealth Goal

The interested individuals must consider the following eligibility criteria while purchasing Bajaj Allianz Life My Wealth Goal Policy.
- Entry Age: 10 years to 55 years
- Maturity Age: 100 years

What are the Documents Required to Buy the Policy?

The policy applicants are required to submit the documents like Identity and Address proofs and income proofs, along with recent photographs, to buy Bajaj Allianz Life My Wealth Goal. These include PAN card, Voter's card, AADHAR card, Driving License, Passport, income statements, etc.

How to Buy this Plan Online?

The insurance cum investment plan is an offline policy. If the interested individuals want to buy Bajaj Allianz Life My Wealth Goal, they must follow the steps mentioned below.

Step 1: The individuals are required to visit the official website of Policybazaar. And, fill the lead form.

Step 2: They need to choose the Bajaj Allianz Life My Wealth Goal premium amount, terms, and assured sums as per the discussion with the advisor and then fill up the application form.

Step 3: They can submit all the necessary KYC documents.

Step 4: They can complete the purchase for the Bajaj Allianz Life My Wealth Goal Policy by making the cheque payment for the premium amount.

The interested individuals should read Bajaj Allianz Life My Wealth Goal Reviews online before making the purchase decision. Once the policy is purchased, the policyholders can check Bajaj Allianz Life My Wealth Goal status through the financial advisors only.

Exclusions of Bajaj Allianz Life My Wealth Goal

Not Available

FAQ's

Q: What are the two plans the policy offers?

Ans: The policy offers two plans, namely Bajaj Allianz Life Future Wealth Gain and Bajaj Allianz Lifelong Assure.
Q: Are these products can be bought separately?

Ans: The two plans, i.e., Bajaj Allianz Life Future Wealth Gain and Bajaj Allianz Lifelong Assure, are not offered as combined products with the policy. The plans can be bought individually also. The detailed information is available on the online Bajaj Allianz Life My Wealth Goal portal.
Q: Do the early age applicants pay a lesser amount of premiums?

Ans: The early age applicants, compared to the later age applicants, are required to pay a much lesser amount of premiums for the same assured sum. They can get the benefit for a more extended period.
Q: When the policyholders can expect to get the Guaranteed Cash Back?

Ans: The policyholders will get the guaranteed cashback after completing the chosen premium payment term.
Q: How much-guaranteed income the policy offers?

Ans: The policy offers 3% of Assured Sums Guaranteed Cashback. Each year, the cashback is offered annually after completion of the Bajaj Allianz Life My Wealth Goal premium payment term until 99 years age of policyholders.
Q: Is an auto-debit facility available for all premium payment modes?

Ans: No, this facility is only available for monthly and quarterly premium payment modes.
Q: When the policyholders can expect a cash bonus from the policy?

Ans: The cash bonus is applicable, starting from the 6th policy years.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ