Bajaj Allianz Life Insurance Company Ltd., one of the premier insurance providers in the country brings to you a new age, goal-oriented Unit Linked Insurance plan – Bajaj Allianz Life Goal Assure – for the new-age millennials offering investment benefits like Return on Mortality Charges (ROMC) and Return Enhancer.

This new age ULIP could turn out to be a game changer as it offers much more than a regular ULIP. This Unit Linked Insurance Plan offers the perfect blend of rewards and returns which today’s new-age millennials are looking for. This investment product is a total value-driven, convenient and reliable investment option for the ones who are looking to grow their wealth.

Bajaj Allianz Life Goal Assure

This ULIP provides a host of features such as:

Return on Mortality Charges (ROMC) – Here, the policyholder would receive the cost of the life cover as and when his policy matures which enhances the value of his/her corpus on the maturity.

Return enhancer – The return enhancer feature enables a policyholder who decides to receive maturity benefits at the time of maturity in the form of installments instead of lump-sum over a period of 5 years, would receive an addition of 0.5 percent of each of the due installment.

Loyalty Additions – Customers who pay their insurance premiums on time and stay invested in the policy would receive loyalty additions from the company. The company would provide loyalty additions to regular premium fund value as a percentage of the Annualized premium starting from the 6th year. This is applicablefor an annualized premium paying policy of minimum INR 5 Lakhs with the policy term of 10 years and above.

FlexibilityBajaj Allianz Life Goal Assure also offers flexibility to the policyholder to decrease the sum assured, change premium payment terms and also offers unlimited free switches between funds depending on his/her risk appetite. An investor has an option to choose from the mix of four portfolio strategies which are designed as the per the needs and risk tolerance levels of the investors. The portfolio strategies are

–    Investor Selectable Portfolio Strategy,

–    Wheel of Life Portfolio Strategy,

–    Trigger Based Portfolio Strategy, and

–    Auto Transfer Portfolio Strategy 

Tax benefits – Bajaj Allianz Life Goal Assure also offers tax benefits to the investors. For the insurance premiums paid, the policyholder would receive tax rebates u/s 80C of the Income Tax Act,1961 and also the payouts received on maturity or at the time of partial withdrawal are tax-free u/s 10 (10D) of the Income Tax Act, 1961 if premium payable to the sum assured does not exceed 10%.

Ease of investment – Designed for tech-savvy customers, this Bajaj Allianz Life Goal Assure can be bought online on the company’s website The company website has been revamped to make it more user-friendly and intuitive so that the customers can experience hassle-free purchase journey.

Overall Bajaj Allianz Life Goal Assure is an ideal investment solution for the new generation of investors in the country to achieve their long-term financial goals. Bajaj Allianz has been a reliable partner for investors over the years and so has been their investment products. This new age ULIP will only enhance the company’s value added offerings and benefits to the customers.

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