Are returns from Bajaj Life Guaranteed Wealth Goal 100% tax-free 2 ?

Yes. Maturity proceeds, income payouts, and death benefits are tax-exempt under Section 11 (read with Schedule II, Sr.No.2) of the Income Tax Act, subject to the conditions specified in the Act (including the premium-to-sum-assured ratio). Premiums paid are also eligible for tax deduction under Section 123, subject to applicable limits.

What does 100% Guaranteed 1 mean?

Every benefit under the policy Guaranteed 1 Maturity Benefit, Guaranteed 1 Additions, Base Income, Income Boosters, Return of Premium 3 , and Death Benefit is fixed at the time you buy the policy and shown in your Benefit Illustration. Returns don't depend on market performance, insurer profits, or bonuses.

What's the difference between the three variants?

Wealth Creation gives you a guaranteed 1 lumpsum at maturity. Assured Income gives you income when you are alive and if something happens to you, it continues for your family in your absence with ROP% chosen (if any). Second Income gives you a deferred income with an optional Return of Premium of up to 300% — useful for retirement or future life goals.

Does inflation impact returns in this plan?

Returns are fixed, so inflation can reduce real value over time. This plan works best when used for stability and certainty, not inflation-beating growth.

What happens if tax rules change in the future?

Tax benefits are subject to prevailing laws. Any changes will depend on tax regulations at that time.

Can I modify my plan after buying it?

Key parameters like variant, term, and premium term cannot be changed once selected, so it’s important to choose carefully at the start.

Can I take a loan 7 against this policy?

Yes, policy loans may be available once the policy acquires a surrender value, as per terms and conditions.

Can I exit the plan early?

Yes, you can surrender the policy as per terms and conditions and receive a surrender value as applicable.

What are Guaranteed 1 Additions and Income Boosters?

Guaranteed 1 Additions are added to your Wealth Creation policy at the end of each policy year (starting year 2). Income Boosters are similar additions under the Income variants — they accrue till the end of the Deferment Period and then enhance every income payout. Both are 100% guaranteed 1 .

How much Return of Premium can I choose?

You can choose ROP from 50% to 300% of total premiums paid (in multiples of 25%) under Assured Income and Second Income variants. A higher ROP means a bigger lumpsum at the end; a lower ROP means more value flows through the income stream.

What does my nominee receive if I die during the Policy Term?

Under Wealth Creation and Second Income, the nominee receives the Sum Assured on Death as a lumpsum. Under Assured Income, the nominee receives Death Benefit Instalments annually for the chosen Income Period plus the ROP on Death — or has the option to take this as a discounted lumpsum. The total Death Benefit is never less than 105% of total premiums paid.

Can I receive my income on a special date like a birthday or anniversaries?

Yes. Under Assured Income and Second Income, you can choose to receive your income on any date that matters to you. The instalment is discounted to the chosen date using the 5-year G-Sec yield plus 25 basis points; the Return of Premium continues on its original due date.

What happens if I cannot pay a premium?

You have a Grace Period of 30 days (15 days for monthly frequency). If at least one full year's premium has been paid, the policy converts to a Reduced Paid-Up policy You can revive a lapsed or paid-up policy within 5 years, subject to policy terms and conditions.

Buy Bajaj Life Guaranteed Wealth Goal | Savings Plan with Life Cover

Calling From	Phone Number
Calling us from INDIA
Rest of the World

Feature	WEALTH CREATION	ASSURED INCOME	SECOND INCOME
Goal	Build a guaranteed lumpsum corpus	Guaranteed income with life cover continuance	Deferred guaranteed second income stream
Maturity Benefit	Guaranteed Maturity Benefit + Guaranteed Additions	Income Instalments + ROP at end of Income Period	Income Instalments + optional ROP at policy end
Premium Payment Term	2 / 3 / 4 / 5 / 6 / 7 / 8 / 10 / 12 years	2 / 3 / 4 / 5 / 6 / 7 / 8 / 10 / 12 years	2 / 3 / 4 / 5 / 6 / 7 / 8 / 10 / 12 years
Policy Term	10 to 50 years	PPT + Deferment Period	PPT + Deferment + Income Period
Income Period	Not applicable	15 / 20 / 25 / 30 / 35 / 40 years	15 / 20 / 25 / 30 / 35 / 40 years
Return of Premium	Not applicable	50% to 300% of total premiums	50% to 300% (optional)

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Life Insurance Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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