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Bajaj Life Young Achiever Plan

Flexibility to choose from two options as per your needs.
Premium Wavier Benefit
Guaranteed policy benefits
Life Cover with Tax Benefits*

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  • Overview

  • Key Advantages

  • Variants

  • Sample Illustration

  • Download

Young Achiever Plan is designed to help parents take the first step towards financial planning for their child’s higher education dream. It offers the dual benefit of life insurance protection and disciplined savings, helping build a strong financial foundation while staying protected against life’s uncertainties.

Through regular premiums, the plan enables policyholders to gradually create a guaranteed corpus/regular stream of income that can support key life milestones such as higher education, starting a career, or pursuing personal ambitions, while ensuring financial security for their loved ones.

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Peace of mind for parents

A combination of savings and protection ensures that the financial needs for your child’s education and life goals are met, regardless of life’s uncertainties.

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Uninterrupted Policy Continuity

Your child’s goals are never compromised, the plan ensures benefit continuity during Premium Payment Term, even in unfortunate event of:

  • 1. your demise or
  • 2. Accidental Total Permanent Disability (ATPD) or
  • 3. diagnosis of major 25 Critical Illnesses
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Serial Number-1
Wealth Creation

Wealth Creation will give you a guaranteed* maturity benefit Plus accrued Guaranteed* additions at the end of policy term.

Serial Number-2
Second Income

Second Income will give you guaranteed* regular payouts during the income period of 15 years along with option of 100% Return of premiums at the end of Income period. There will be life cover during the income period.

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  • Wealth Creation

  • Second Income

Rahul, a 30-year-old dreams of giving his 3-year-old son the best education opportunities. Hence, Rahul aspires to plan for his child’s higher education. He purchases Bajaj Life Young Achiever Plan with a Policy Term of 15 years and pays Rs. 1,02,030 p.a. for 12 years with an aim of creating an education corpus after few years.

Rahul, a 30 year-old

Let’s see how you can secure your Child’s education dreams with this plan variant

Premium Payment Term: 12 Years | Policy Term: 15 Years | Total Premiums6 Paid: Rs. 12,24,360 | Waiver of Premium (WOP) Option: Option III

You PayYou Get
Rs. 1,02,030 p.a. for 12 yearsRs. 20,16,436 at the end of the 15th year

Assuming Rahul meets with an unfortunate accident leading to Accidental Total Permanent Disability (ATPD) at the beginning of 7th Policy year, his son will receive the following–

 

Note-

In the above illustration, Rahul is the Proposer and his son is the life assured.

For above illustration, the Sum Assured multiple chosen is 11. His Sum Assured on Death (at inception of the policy)
is Rs. 11,00,000.

The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

In case of earlier occurrence of Death, Accidental Total Permanent Disability and Critical Illness, Bajaj Life New Waiver of Premium Rider is triggered.

6The premium shown above are inclusive of rider premiums and exclusive of any extra premium loading and any other applicable tax, subject to changes in tax laws and is for illustrative purpose only.

Rahul, a 30-year-old father, wants to ensure the best education opportunities for his 1-year old son. To achieve this, he starts investing Rs.1,01,642 p.a. in Bajaj Life Young Achiever Plan from his son’s first birthday. He chooses a Policy Term of 27 years and pays premiums for 10 years with an aim of creating a guaranteed income to support his child’s future education expenses.

Rahul, a 30 year old

Premium Payment Term: 10 Years | Deferment Period: 2 Years |Income Period: 15 Years | Policy Term: 27 Years

Total Premiums Paid6: Rs. 10,16,420

You PayYou Get
Rs. 1,01,642 p.a.
10 years
Income of Rs.1,53,252 p.a. from end of 13th to 27th year
Total Premium
2.26
times
Total Benefit
Rs. 10,16,420Rs. 22,98,780

Assuming Rahul meets with an unfortunate accident leading to Accidental Total Permanent Disability (ATPD) at the beginning of 7th Policy year, his son will receive the following–

 

Note-
In the above illustration, Rahul is the Proposer and his son is the life assured.
For above illustration, the Sum Assured multiple chosen is Option 1. His Sum Assured on Death (at inception of the policy) is Rs. 15,40,000.

The premiums mentioned above are exclusive of any extra premium loading and Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

In case of earlier occurrence of Death, Accidental Total Permanent Disability and Critical Illness, Bajaj Life New Waiver of Premium Rider is triggered.

6The premium shown above are inclusive of rider premiums and exclusive of any extra premium loading and any other applicable tax, subject to changes in tax laws and is for illustrative purpose only.

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Why Bajaj Life Insurance ?

99.29%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,37,866 Cr
Assets Under Management (AUM)**
3.47Cr
Number of Lives Covered##
343%
Solvency Ratio of 343%^^^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025, as on 31 March, 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) ₹1.37 lakh crore as on February, 2026 | ^^^Solvency ratio 343% as at 30 June, 2025 against IRDAI mandated 150%. As on 30 June, 2025 | ##Individual and group, as on February, 2026.

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Life Insurance Guide

  • Articles

  • Calculators

  • Videos

From the time you start earning, the chances of accumulating funds are higher. However, the savings habit inculcated in Indians overlooks the benefits

When it comes to money, having ups and downs in dealing with it may be something you should expect. However, it may be the bigger picture that truly matters

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,

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

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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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Disclaimers:
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Bajaj Life Guaranteed Wealth Goal - (UIN-116N200V09)

Bajaj Life New Waiver of Premium Rider (UIN: 116B061V01)

*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.

^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.

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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 Bajaj Life 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 Bajaj Life Privacy Policy

X
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 Bajaj Life Privacy Policy

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Disclaimer

*Premium increase shall be applicable only in the monthly premium payment mode throughout the premium payment term of the policy.

^As per Government of India Notification No. 16/2025, GST is not applicable on individual life insurance policies effective 22 September 2025.

12% Discount on online purchase is available for regular premium payment and limited premium payment frequency throughout the premium payment term.

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Claim Settlement Ratio of 99.29%~