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Bajaj Life Flexi Guarantee

A Non linked, Non Participating, Individual Life Insurance Savings Plan

Get life insurance cover during the entire policy term for financial security of your family
The Income, Maturity and Death benefit are guaranteed!*
Goal Protection Benefit – By opting for this optional feature, you ensure that all your plan benefits continue as intended – even if you’re not around
Tax Benefits^ as per applicable tax laws as amended from time to time

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  • Overview

  • Downloads

  • Policy Benefits

While day to day expenses often take centre stage, planning for future financial needs is just as essential. Whether it’s building a financial cushion, ensuring regular income from day one, or saving for long-term goals, having a flexible financial solution can make all the difference.

Presenting Bajaj Life Flexi Guarantee, a non-linked, non-participating, individual life insurance savings plan designed to offer guaranteed* benefits in a way that suits your Life Goals along with life cover to secure your family.

Prospectus/Brochure

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Policy Document

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Customer Information Sheet

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  • Variant Income

  • Variant Wealth

  • Pay your premiums for the chosen period
  • Choose the desired Sum Assured multiple as per your requirement
  • You will have an option to choose your income start year and income period
  • Receive Income payouts starting as early as from the beginning of the 1st policy year or after a specific period
  • If Return of Premium (ROP) is opted at inception, then you will also receive 100% of Total premiums paid& as ROP at the end of the Income Period

Survival Benefit

  • You will receive income payouts starting from the chosen income start year, throughout the income period
  • The Income payouts are paid at the beginning of the policy year and will be a percentage of Annualized Premium%

Maturity Benefit

  • You will receive Total Premiums paid& i.e. ROP (if opted) as a lumpsum maturity benefit on Maturity Date.
  • If ROP is not opted, then no Maturity Benefit shall be payable.
  • The Policy will terminate at the end of the policy term, immediately & automatically.

Death Benefit

  • In case of Life Assured’s death during the policy term, Sum Assured on Death shall be payable as a lump-sum.
  • Sum Assured on Death is Annualized Premium% X Sum Assured multiple chosen.
  • The policy will terminate on payment of death benefit.
  • At no time, the death benefit will be less than Guaranteed* Death Benefit of 105% of the Total Premiums paid& up to the date of death or the surrender value available then, whichever is higher.
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  • Pay your premiums for the chosen period
  • Get a lumpsum Guaranteed* Maturity Benefit

Maturity Benefit

  • You will receive Guaranteed* Maturity Benefit (GMB) as a Lumpsum on maturity date
  • Guaranteed * Maturity Benefit (GMB) is equal to GMB% multiplied by the Total Premiums paid& till the end of policy term. Here, the amount of Total Premiums used will exclude extra premiums, taxes and loadings for modal premiums.
  • The Policy will terminate at the end of the policy term, immediately & automatically.

Death Benefit

  • In case of Life Assured’s death during the policy term, Sum Assured on Death shall be payable as a lumpsum.
  • Sum Assured on Death is Annualized Premium% X Sum Assured multiple chosen.
  • The policy will terminate on payment of death benefit.
  • At no time, the death benefit will be less than Guaranteed* Death Benefit of 105% of the Total Premiums paid& up to the date of death or the surrender value available then, whichever is higher.
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Why Bajaj Life Insurance ?

99.29%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹ 1,30,733 Cr
Assets Under Management (AUM)**
3.52Cr
Number of Lives Covered##
343%
Solvency Ratio of 343%^^^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Life Insurance offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $For details refer to press release published by  CARE | ***Asset under management (AUM) ₹1.30 lakh crore as on August, 2025 | ^^^Solvency ratio 343% as at 30st June 2025 against IRDAI mandated 150%. As on 30th June 2025 | ##Individual & Group as on 31 st August, 2025

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Life Insurance Guide

  • Articles
  • Calculators

  • Videos

Unit Linked Insurance Plan or ULIP is a type of Life Insurance policy, which offers you dual benefits of insurance and investment. ULIP offers you

If you are investing for the first time, the chances are that you will be bombarded with advice and tips from your friends and relatives, or you might be

Unit Linked Insurance Plan or ULIP is a type of Life Insurance policy, which offers you dual benefits of insurance and investment. ULIP offers you

With the Underinsurance Calculator, check if your Life Cover is atleast 10x of your Annual Income.

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An easy to use Term Insurance calculator to determine the right life cover amount as per your needs.

Use this calculator to know how savings from regular expenses can help you achieve your Life Goals.

Get to know your Financial Fitness Score by answering few simple questions.

Use our immunity calculator to find out your immunity score in just a few clicks!

Know the amount to invest today to have the corpus to accomplish your Life Goals tomorrow.

Get an estimate of how much your investment will grow over a period of time.

Know your income tax based on the taxable income and explore Life Insurance plans to save more tax.

A simple to use calculator that helps you plan for fulfilling your Child's Life Goals.

Calculate the amount you need to invest today to accomplish your retirement life goals.

Answer a few simple questions to know estimated corpus you will have to fulfil your Life Goals.

Body Mass Index (BMI) is a measure to understand whether your body weight is healthy as per your height.

This video explores life insurance policy nominations, empowering informed decisions for securing your family's future

Know how Autopay simplifies the premium-paying process by eliminating the need for manual payments

Explore the management of life insurance processes with Policy Administration Charge in this video

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Discover how the waiver of premium provision can protect you from financial burdens in times of Death, critical illness or disability

Discover the importance of solvency ratio for insurance companies and its implications in this insightful video

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Customer Speaks

Happy with the services
I have invested in various products of Bajaj Life Insurance - I am happy with the services, returns and diversified product portfolio.
Rashmi Bhavnani
5
Satisfied, Trust
I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Life Insurance and very happy about the services.
Dhruv Soni
5
Disclaimers:
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Bajaj Life Flexi Guarantee UIN: 116N241V01

*Conditions 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.

~~As on 30 June, 2025

^Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

&Total premiums paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

%Annualized premium shall be the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

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I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Terms & Conditions

I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Claim Settlement Ratio of 99.29%~