Bajaj Allianz Life Invest Protect Goal: Offers High Life Cover and Market-Linked Returns
– Protection-oriented plan with high life cover upto 495 times the annual premium
– Market-linked returns on invested premiums
– Additional protection against death or disability due to accident, through riders
Pune: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, launched a new version of Bajaj Allianz Life Invest Protect Goal, re-emphasizing their innovative protection-oriented ULIP plan offering both a high life cover and market linked returns in one plan. The product is designed to help customers protect their family’s life goals as well as create wealth, both at the same time. Furthermore, customers can also avail additional accident cover against disability and death, through the riders provided with the plan.
The Indian market is currently experiencing growth momentum, offering promising opportunities for investment. The robust economic outlook offers a wide scope for wealth creation for an individual. Besides growth, one also needs protection against life’s uncertainties i.e. death or disability. In line with this, Bajaj Allianz Life Invest Protect Goal offers a unique combination of Protection and Growth along with the flexibility to choose the amount of life cover as per your need. This comprehensive plan from Bajaj Allianz Life can be the best decision one can take to protect and achieve one’s financial goals.
In addition, Bajaj Allianz Life Invest Protect Goal offers several other reasons for customers to stay invested in the new product for long-term which include:
- Loyalty Additions as a reward for staying invested
- Fund Maintenance Booster to ensure customers remain protected throughout the chosen policy term
Bajaj Allianz Life Invest Protect Goal also offers Return of Premium Allocation Charges and Return of Mortality Charges starting from 7th policy year, which further helps boost the fund value of the customers.
Illustration (TBC):
A person of 35 years who is willing to invest Rs. 1 lakh in Bajaj Allianz Life Invest Protect Goal with cover till 75 years of age will have the flexibility to select a Sum Assured multiple based on his need for life cover as mentioned below:
Policy Term
(in years) |
PPT
(in years) |
Premium
(in Rs.) |
Sum Assured Multiple | Sum
Assured (in Rs.) |
FV@8%
(in Rs.) |
FV @4%
(in Rs.) |
40 | 40 | 1,00,000 p.a. | 50 | 50 lakhs | 1,86,60,007 | 70,42,114 |
40 | 40 | 1,00,000 p.a. | 100 | 1 Crore | 1,74,73,854 | 63,87,604 |
40 | 40 | 1,00,000 p.a. | 200 | 2 Crore | 1,40,39,217 | 49,92,244 |
On death of the policyholder, the nominee will get the Sum Assured or fund value, whichever is higher.
The premium amount mentioned above excludes additional premium payable for Bajaj Allianz Life Linked Accident Protection Rider.