Bajaj Life Guaranteed Wealth Goal – Wealth Creation

While you are carrying out legacy planning, it is important to check all the right boxes.

Bajaj Life Guaranteed Wealth Goal, a Non linked, Non-Participating, Individual, Life Insurance Savings Plan - Wealth Creation Variant is a legacy transfer solution designed to help you build a financial corpus for the next generation. Besides meeting your financial goals, there is always a desire for individuals and families to leave a legacy for the next generation in the form of meaningful investments.

It allows you to build a guaranteed¹ legacy corpus that grows over the policy term, not being affected by market volatility.

The policy term extends up to 100 years, and the most critical features include guaranteed¹ benefits, life cover, tax efficiency² and access to money³, making it perfect for people who want greater certainty while planning how they leave their wealth for their successors, and you leave more than just ‘assets’ for your future generations.

Creating a financial legacy goes beyond a lifetime. India will have more than 26000 HNI families, and the total intergenerational wealth transfer will go up to $1.3-1.5 trillion over the next decade³. As someone looking to transfer estate for the next generation, you need clarity, flexibility, and a plan that serves the best interests of your successors.

Bajaj Life Guaranteed Wealth Goal – Wealth Creation helps you build a guaranteed¹ legacy corpus through a simple long-term structure. You pay premiums for the selected premium payment term, while the guaranteed¹ benefits under the policy help the legacy corpus grow over the policy term. Since the benefits are not linked to market movements, the legacy you create does not depend on equity market performance or changes in asset prices.

The corpus continues to increase over the policy term and helps in creating and transferring a financial legacy with a single solution, helping the next generation a strong financial launch pad. 

Legacy creation simply refers to building the corpus (or body of assets) you wish to leave behind for your children and future generations. Legacy transfer is a broader concept that involves the entire process of passing the value to the intended successor.

Both are critical parts of long-term legacy planning. With Bajaj Life Guaranteed Wealth Goal – Wealth Creation, it is possible to combine both aspects in a single solution. You can systematically create a guaranteed¹ financial legacy during your lifetime and provide for its transfer to your nominee in your absence.

Here is a working example to explain you how legacy corpus is built and grows over the period:

It takes years of hard work, dedication, and perseverance to build a business, invest consistently, and create wealth. You do all this to live a happy life, secure your future, and leave something behind for your children and future generations.

Legacy planning involves creation of value, planning, and transferring it to your successors with a lot of certainty. Here is why you should plan for legacy creation:

Creating a Financial Foundation for the Next Generation

A planned legacy can provide your children or successors with a financial corpus that they can use to pursue opportunities, meet important goals, or build further wealth.

Bringing Greater Certainty to Legacy Planning

The value of market-linked investments and physical assets may change over time. A guaranteed¹ legacy solution allows you to plan the financial corpus without depending on market movements.

Complementing Your Existing Assets

Real estate, gold, businesses and market investments may already form part of your wealth portfolio. A guaranteed¹ legacy corpus can complement these assets and add greater predictability to your overall legacy plan.

Planning for Wealth Transfer in Advance

Legacy creation is most effective when it is intentional. Planning early allows you to define the financial legacy you want to create and build it systematically for your successor.

Supporting Family and Business Succession

For families with businesses or concentrated assets, a separate financial legacy can help support succession planning and provide financial value to the next generation without relying entirely on the division of existing assets.

Legacy Creation

Legacy creation focuses on building financial value over time. With Bajaj Life Guaranteed Wealth Goal  – Wealth Creation, the guaranteed¹ benefit structure helps the applicable legacy corpus grow over the policy term without depending on market movements.

Legacy Transfer

Legacy transfer focuses on ensuring that the financial corpus reaches the intended beneficiary. In case of the life assured's death during the policy term, the applicable death benefit is paid to the nominee as a 100% tax-free legacy corpus, subject to prevailing tax laws.

Disputes in family wealth distribution are quite common. In India, where a significant portion of family wealth is often held in real estate and businesses, it can be challenging to sell these assets and distribute wealth, especially when they are emotionally tied to family members.

For example, an individual manages a family business originally set up by their grandparents. He has two children, and one of them does not want to join the family business. The individual has no intention of selling the business, and an equal division could affect its ownership and continuity. At the same time, leaving the entire business to one child may raise concerns about providing fairly for the other child.

This is where planning for legacy with Bajaj Life Guaranteed Wealth Goal - Wealth Creation can be a game-changer for customers seeking a seamless legacy transfer to future generations. You can not only create a separate, guaranteed¹ financial legacy for your successors, but also reduce the need to divide or sell legacy assets (such as real estate or a family business).

This can support broader succession and estate equalisation planning, particularly for business owners, individuals and families whose wealth is concentrated in illiquid assets.

Yes. Bajaj Life Guaranteed Wealth Goal – Wealth Creation provides access to money³ through a policy loan⁶ and surrender facility, subject to applicable policy terms and conditions.

You may avail a policy loan⁶ on your surrender value. This can provide access to funds during an unexpected financial requirement without necessarily surrendering the policy.

The surrender facility also allows you to exit the policy and receive the applicable surrender value, subject to policy terms and conditions.

Bajaj Life Insurance has a simple and accessible claim intimation process. You or your nominee can intimate a claim through any of the following modes:

• Bajaj Life Insurance app
• Bajaj Life Insurance website
• Nearest Bajaj Life Insurance branch office

For a death benefit claim under Bajaj Life Guaranteed Wealth Goal – Wealth Creation, the nominee can initiate the claim process and submit the applicable documents for assessment.

Visit the Claim Section on the Bajaj Life Insurance website to learn more about the claim process and document requirements.