Bajaj Allianz Invest Protect Goal

Bajaj Allianz Invest Protect Goal is a Unit Linked Insurance Plan (ULIP) investment policy designed to provide individuals with the dual benefits of protection and wealth creation. You can choose from various investment funds based on your risk tolerance and goals. Whether you want to secure your family's future, plan for your child's education, or build a retirement corpus, Bajaj Allianz Invest Protect Goal empowers you to achieve your financial aspirations seamlessly.

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  • 4.8++ Rated
  • 9.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.9 Crore Policies Sold

ULIP 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# Tax-Free*
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9.7 Crore
Registered Consumer
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Insurance Partners
4.9 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.

About Bajaj Allianz Invest Protect Goal

Bajaj Allianz Invest Protect Goal is an investment plan that helps you secure your family’s future while offering market-linked returns on your premiums. This plan allows you to protect their loved ones financially and build a corpus for their future needs. 

One of the main feature of Bajaj Allianz Invest Protect Goal is its option to return the mortality charges.

Features of Bajaj Allianz Invest Protect Goal

The key features of Bajaj Allianz Life Goal plan are as follows:

Features Details
High Returns Potential The plans offer you the opportunity to earn high returns over a long period
Life Coverage Inbuilt life coverage throughout the policy term
Inbuilt Features Along with the life cover, the plans also offer the following inbuilt additional features to increase your financial net:
  • Accidental Death Benefit/ ADB rider
  • Accidental Total and Permanent Disability benefit
Investment Funds You have the option to select among 11 funds
Systematic Investment Plan (SIP)
  • With this plan, you can invest in a fixed amount of money regularly over long term
  • This helps in spreading the investment risk over time and provides the benefit of rupee cost averaging
Investment Strategy You get the option to choose among the following investment strategies:
  • Investor Selectable Portfolio Strategy
  • Automatic Fund Transfer Strategy
Investor Selectable Portfolio Strategy
  • You can choose among the 11 ULIP funds and switch among them as per your choice
  • Option to invest fully in one fund or distribute your regular premium and top-up premium across a variety of funds
  • Decide in a way that best meets your investment requirements and risk tolerance
Automatic Fund Transfer Strategy
  • Initially, your premium is divided between low-risk bond funds and liquid funds based on your preferences
  • A fixed amount of the value of your fund will be transferred to the other funds as stated by you at the beginning of each month
  • Depending on your risk tolerance, desire to build wealth and personal objectives, you can select from a variety of equity, debt, and hybrid ULIP funds
Partial Withdrawals Available after the end of 5 policy years of the plan
Unlimited Free Switches You can avail of the benefit of unlimited free switches available to generate the highest returns from the plan

People also read: Bajaj Allianz NFO

Eligibility Criteria to Buy Bajaj Allianz Invest Protect Goal

The essential criteria for purchasing this investment option are listed in the table below:

Eligibility Criteria Details
Entry Age 18 – 60 years
Maturity Age 38 – 100 years
Policy Term (PT) 20 – 40 years
Premium Payment Term (PPT) Limited Pay: 5 – 12 years (in multiples of 1 year)
Regular Pay: Equal to PPT
Premium Payment Mode Annually/Semi-Annually/ Quarterly/ Monthly
Premium Amount Premium Payment Frequency PPT: 5 – 7 years PPT: 8 years & Above
Annually Rs. 48,000 Rs. 18,000
Semi-Annually Rs. 24,000 Rs. 9,000
Quarterly Rs. 12,000 Rs. 4,500
Monthly Rs. 4,000 Rs. 1,500
Top Up Premium Rs. 5,000 – Subject to Board Approved Underwriting Policy (BAPU)
Sum Assured (SA) 7 × Total Annual Premiums to as per BAPU 

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

Benefits of Investing in Bajaj Allianz Invest Protect Goal

Let us learn the significant benefits of investing in Bajaj Allianz Invest Protect Goal from the list mentioned below:

  1. Death Benefit:

    • In the event of your unfortunate death during the term of the policy, a lump sum payment as the death benefit is provided to the nominee

    • The death benefit is equal to the higher of the following:

      • Sum Assured with Top-up Sum Assured

      • Total Fund Value

    105% of total premium payment with top premiums

    • The amount of the death benefit depends on factors such as:

      • Sum assured chosen

      • Additional riders or benefits attached to the plan

  2. Maturity Benefit:

    In case of surviving the life assured till the maturity date, the total fund value as on the maturity date shall be payable. 

  3. Tax Benefits:

    Tax benefits are available under section 80C and section 10(10D) of the Income Tax Act, 1961. 

  4. Return of Premium Allocation Charges:

    All the premium allocation charges are returned back at the end of the 10th policy year with respect to regular/limited premium payments to your savings (excluding GST and cess deductions). In term of top-up premium paid, no premium allocation charges is returned. 

  5. Return of Mortality Charges:

    Upon maturity, the deducted mortality charges are added back to the fund value

    At the last of policy year  Return of mortality charges 
    7 year  25% of deduction till 7th policy year 
    15 year  50 % of deduction till 15th year of policy minus mortality charge returned already 
    20 year  100% deduction till the last of 20th policy years minus mortality charges returned already 
    25 years or at maturity (whichever is earlier) 100% of deduction from 21st year of policy 
    30 years or at maturity (whichever is earlier) 100% of deduction from 26th year of policy 
    35 years or at maturity (whichever is earlier) 100% of deduction from 31st year of policy 
    40 yeaes or at maturity (whichever is earlier) 100% of deduction from 36th year of policy 
  6. Loyalty Additions:

    Insurer will contribute to the savings by adding a fixed % of the average of last 3 years regular premium fund value on a daily basis as mentioned: 

    End of policy year Loyalty Additions (%) ages 
    15th  2%
    20th  2.50%
    25th  3.50%
    30th  4%
    35th  5%
    40th  5.50%

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Fund Options under Bajaj Allianz Invest Protect Goal

The plans offer you to choose among the below-mentioned 11 fund options to earn benefits from the market-linked returns:

Fund Options 7-Year Returns 10-Year Returns Risk Factor
Accelerator Mid-Cap Fund II  14% 17.5% High-Risk High Return
Asset Allocation Fund II 9.9% N/A High-Risk High Return
Bluechip Equity Fund 13.3% 12.8% High-Risk High Return
Bond Fund 6.5% 7% Moderate Risk
Equity Growth Fund II 13.1% 14.9% High-Risk High Return
Flexi Cap Fund N/A N/A High-Risk High Return
Liquid Fund 3.5% 4.9% Low Risk
Pure Stock Fund 13% 16.2% High-Risk High Return
Pure Stock Fund II N/A N/A High-Risk High Return
Small Cap Fund  N/A N/A High-Risk High Return
Sustainable Equity Fund N/A N/A High-Risk High Return

Disclaimer: ≈ 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 done in alphabetical order (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

The plan offers unlimited free switches to transfer your amount between multiple funds and maximise your returns.

People Also Read: SIP Calculator

Charges Levied under Bajaj Allianz Invest Protect Goal

The major charges levied under the Bajaj Allianz Invest Protect Goal Plan are as follows:

Particulars  Policy Details
Mortality Charge These are the fees or charges levied by the insurance company to cover the risk of providing life insurance coverage Deducted on a monthly basis Mortality charges are calculated based on these factors:
  • Age
  • Health condition
  • Sum assured of the policyholder
Fund Management Charge (FMC)
  • These are the fees associated with the management and maintenance of the investment portfolio associated with the policy
  • This includes activities such as fund selection, asset allocation, research, administration, and other related expenses
  • Annual FMC: 0.50% to 1.35%
Policy Administration Charge (PAC)
  • Up to 5th Policy Year: NIL
  • 6th Policy Year onwards: 4.50% p.a. of annualised premium payment 
  • PAC is deducted up to Rs. 500 per month
Premium Allocation Charge
  • 4% to 12% of the Annualised Premium is deducted 
  • From 6th Policy Year: NIL
  • Premium Allocation Charges of Top-Ups: 2%
Miscellaneous Charge Rs. 100 is charged as miscellaneous expenses for every applicable incidence
Discontinuance/ Surrender Charge
  • A charge is levied on discontinuance of policy before completion of 5 years lock-in period
  • From 6th policy year: NIL
  • Discontinuance/ Surrender charges on units purchased with Top-up premiums: NIL

Policy Details of Bajaj Allianz Invest Protect Goal

Let us learn the key policy details involved in this ULIP plan from the below-mentioned table:

  • Surrender Benefit : In case of surrendering the policy during the lock-in period of 5 years, Regular and Top Up Fund Value is credited back to you after deducting discontinuance charges. If you surrender the policy after 5 policy years: Total Fund Value is paid back

  • Free Look Period: To review the terms and conditions and cancel the policy, you get a free look period of 15 days for electronic mode policies and 30 days through distance mode. 

  • Assignment/ Nomination of Policy: Available under Insurance Act, 1938

  • Grace Period: This is the specified period of time provided to policyholders beyond the due date of premium payment

  • Grace Period for Annual/ Semi-Annual/ Quarterly Premium Payment Frequency: 30 days

  • Grace Period for Monthly Premium Payment Frequency: 15 days

  • Policy Revival: You can revive the policy within 3 years of last due premium payment

How Does the Bajaj Allianz Invest Protect Goal Work? 

Learn the working process of Bajaj Allianz Invest Protect Goal Plan from the steps mentioned below:

Step 1: Select the following details of the plan:

  • Sum Assured

  • Premium Payment Term (PPT)

  • Policy Term (PT)

Step 2: Decide the life coverage you wish to get

Step 3: Select your investment portfolio strategy and decide the funds you want to invest

Illustration of Returns of Bajaj Allianz Invest Protect Goal

Let us learn the returns and benefits you can earn from this plan by taking the following conditions:

  • Your Entry Age: 35 years

  • Premium Amount: Rs. 5,000 per month

  • PPT: 10 years

  • PT: 30 years

Benefits/Returns:

  • Lump Sum Payout: 2.7 crores

  • Life Coverage: Rs. 17.3 lakhs

  • Tax Benefits: Save tax of up to Rs. 28.2 lakhs over a 10-year tenure u/Sec 80C and Section 10 (10D) of the Income Tax Act, 1961

  • Tax Savings u/ Section 10 (10D) on ULIP Plans: No tax on maturity benefits

Tax Benefits u/ Section 80C
Policy Year Investment Amount Tax Savings
In 1st year Rs. 60,000 If your income is in the 30% tax slab, Total Tax = Income Tax as per Slab Rates + 4% Cess = (30% × Rs. 60,000) + (4% × 18,000) = Rs. 18,000 + Rs. 720 = Rs. 18,720
Over 10 years Rs. 6 lakhs = Rs. 18,720 × 10 = Rs. 1.87 lakhs tax savings

Documents Required for Bajaj Allianz Invest Protect Goal Plan

When applying for the Bajaj Allianz Invest Protect Goal plan, you will typically need to submit the following documents:

Particulars Documents Required
Basic Documents Proposal Form with the following details:
  • Personal information
  • Contact details
  • Occupation
  • Income
  • Health-related information
  • Nominee details
ID Proof
  • Aadhaar Card
  • Passport
  • PAN Card
  • Voter ID Card
  • Driving License
Address Proof
  • Aadhaar Card
  • Passport
  • Utility bills (electricity bill and telephone bill)
  • Bank account statement
  • Rent agreement
Age Proof
  • Aadhaar Card
  • Passport
  • Utility bills (electricity bill and telephone bill)
  • Bank account statement
  • Rent agreement
Income Proof
  • Salary slips (for salaried individuals)
  • Income tax returns (ITR) or Form 16 (for self-employed individuals)
  • Bank statements showing regular income deposits

FAQ's

  • What is Bajaj Allianz Wealth Goal Plan?

    Bajaj Allianz Wealth Goal Plan is a Unit Linked Insurance Plan (ULIP) plan that is designed to help individuals achieve their long-term financial goals while providing life insurance coverage.

    A portion of the premium paid goes towards providing life insurance coverage. The remaining portion of the premium is invested in various investment funds offered by Bajaj Allianz.

    The plan provides the option to switch between different investment funds and the facility of return on mortality charges.

  • What is the cost of Bajaj Smart wealth goal?

    The premium payment amount from various payment frequencies under the Bajaj Smart Wealth Goal Plans are as follows:
    Premium Payment Frequency For 5 -7 years PPT For 8 years & Above PPT
    Yearly  Rs. 48,000 Rs. 18,000
    Half Yearly Rs. 24,000 Rs. 9,000
    Quarterly Rs. 12,000 Rs. 4,500
    Monthly Rs. 4,000 Rs. 1,500
  • Can I withdraw money from Bajaj Allianz policy?

    Yes, you can withdraw money from your Bajaj Allianz policy. There are two ways to do this:
    • Partial withdrawal: You can withdraw a portion of the money that has accumulated in your policy on payment of a small fee

    • Surrender: You can surrender your entire policy and receive the entire amount that has accumulated in your policy

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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. 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
^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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Bajaj Allianz ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1249 Reviews)
(Showing Newest 10 reviews)
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
Raghavan
Ranchi, March 25, 2025
Easy and Helpful Investment Process
Policybazaar made it easy to invest in HDFC Life Dynamic Advantage Fund NFO. Simple process helpful customer service very happy.
Priya
Coimbatore, March 21, 2025
Quick and Secure Investment
Simple quick and secure way to invest in HDFC Life NFOs. Policybazaar makes everything clear and support is excellent.
Meenal
Kochi, March 21, 2025
Stable Steady Returns
I like this fund. Returns are stable but not fast. Best for people who want slow and steady growth in their portfolio.
Venkatesh
Hyderabad, March 19, 2025
Simple and Transparent Process
I found HDFC Life NFOs through Policybazaars platform. Very good process easy to understand and no hidden charges. Satisfied.
Manisha
Bangalore, March 17, 2025
Good for Long term Growth
Best for long term goals. HDFC Life Advantage Fund NFO gives a good growth chance.
Karthik
Chennai, March 17, 2025
Balanced Long term Investment
I invested in HDFC Life Dynamic Advantage Fund. Its balanced but sometimes market changes give negative returns. Better for long term.
Shalini
Bhopal, March 16, 2025
Great Platform for Investment
Policybazaar helped me choose HDFC Life Dynamic Advantage Fund NFO. Great platform for easy investments and the process was simple.
Satyendra
Jodhpur, March 16, 2025
Hassle Free Investment Process
Investing HDFC Life NFOs through Policybazaar is very good. Simple to follow no hassle and good advice from experts.
Priyanka
Indore, March 15, 2025
Flexi Cap Fund
This fund is flexi cap. I like how it adapts to market. Returns are ok but need patience for better growth.
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