Bajaj Life Goal Suraksha

Bajaj Life Goal Suraksha is a non-linked, non-participating individual life insurance savings plan that helps you build a guaranteed¹ corpus for future financial goals while providing you with insurance protection and financial security during the policy term.

The plan offers a Guaranteed¹ Maturity Benefit comprised of the Guaranteed¹ Sum Assured on Maturity and Guaranteed¹ Additions, subject to the payment of all due premiums. The plan also offers life cover throughout the policy term, a limited premium-paying option, a loan against the policy³, and the flexibility to receive maturity benefits as a lump sum or through regular instalments.

Whether you are planning for your child’s education, retirement, a major life milestone, or creating a financial legacy for your loved ones, Bajaj Life Goal Suraksha helps you work towards your goals with the certainty of guaranteed¹ benefits and financial protection.

Assumptions

• Age: 35 years
• Annual Premium: ₹1,00,000^a
• Policy Term: 15 years
• Premium Payment Term: 10 years

If the Life Assured survives till maturity

• Total Premiums²: ₹10,00,000
• Maturity Benefit: ₹18,09,000

This amount includes the Guaranteed¹ Sum Assured on Maturity and applicable Guaranteed¹ Additions, subject to policy terms and conditions.

If the Life Assured passes away during the policy term

• Death in the 12th policy year
• Death Benefit payable: ₹14,47,009

The death benefit helps provide financial support to the nominee while the policyholder works towards long-term financial goals.

Illustrative Maturity Benefits Based on Premium Amount

If you are looking to achieve long-term financial goals such as children's education, retirement planning, wealth creation, or leaving a financial legacy, you need two critical factors: disciplined savings and predictable outcomes. With a volatile market and shifting financial priorities, it can be difficult to assess the available funds when the need arises.

Guaranteed¹ savings plans help address this uncertainty by offering predetermined benefits, a guaranteed¹ maturity payout and the ability to effectively beat inflation, subject to policy terms and conditions. This enables individuals to align their savings with specific financial goals while also benefiting from life insurance protection during the policy term.

Bajaj Life Goal Suraksha is a guaranteed¹ life insurance savings plan designed to help you build a corpus for future milestones while protecting your loved ones financially. The plan offers a Guaranteed¹ Maturity Benefit comprising the Guaranteed¹ Sum Assured on Maturity and applicable Guaranteed¹ Additions, along with life cover throughout the policy term.

Whether you are planning for your child's future, preparing for retirement, or working towards an important life milestone, Bajaj Life Goal Suraksha helps you pursue your goals with greater certainty and financial protection.

If all due premiums have been paid, Bajaj Life Goal Suraksha pays a Guaranteed¹ Maturity Benefit at the end of the policy term. The maturity benefit comprises the Guaranteed¹ Sum Assured on Maturity and applicable Guaranteed¹ Additions. Policyholders may choose to receive the benefit as a lump sum or through monthly or yearly instalments under the Settlement Option available under the plan.

Bajaj Life Goal Suraksha is designed for anyone with a specific financial goal and who wants a guaranteed¹ lump sum when that goal is achieved.

1. Parents Planning for Children's Education

   If you are saving for your child's higher education or future aspirations, Bajaj Life Goal Suraksha can help you build a guaranteed¹ maturity corpus that becomes available when the goal approaches.

2. Individuals Preparing for Retirement

   Those looking to create a predictable retirement corpus may consider Bajaj Life Goal Suraksha. The plan offers guaranteed¹ maturity benefits and also provides the option to receive benefits through regular income instalments under the Settlement Option.

3. Conservative Investors Seeking Certainty

   Individuals who prefer guaranteed¹ benefits and guaranteed¹ returns over market-linked returns may find the plan suitable. Since the plan is non-linked and non-participating, the maturity benefits are not dependent on market performance.

4. Individuals Planning for Major Life Milestones

   Whether you are planning for a wedding, home purchase, business goal, or another important life event, the plan can help you accumulate a guaranteed¹ corpus aligned with a future timeline.

5. Individuals Looking to Leave a Financial Legacy

   The plan combines life insurance protection with long-term savings, helping policyholders build a financial benefit to support their family's future needs.

You may consider Bajaj Life Goal Suraksha if you:

• Want a guaranteed¹ maturity benefit for a future financial goal
• Prefer predictable benefits over market-linked returns
• Need life insurance protection during the policy term
• Want the flexibility of a limited premium payment term
• Are looking for a savings plan with policy loan and settlement options

Bajaj Life Goal Suraksha is available for both minors and adults, subject to the plan’s eligibility criteria. The table below outlines the key requirements, including entry age, maturity age, policy term, premium payment options, and sum assured limits.

All ages mentioned above are age as on last birthday. Risk cover, even for minor life, will commence immediately on the date of commencement of risk of the policy.

Bajaj Life Goal Suraksha may offer tax benefits on premiums paid² and benefits received, subject to applicable tax laws, eligibility conditions and the tax regime chosen by the policyholder.

• Premiums paid towards the policy may qualify for tax deductions under Section 123 (under the old tax regime), subject to the applicable limits and conditions.
• Additionally, the benefits received under the policy, may be eligible for tax exemptions under Section 11 (read with Schedule II, Sr.No.2)

You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.