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Bajaj Life Assured Wealth Goal Platinum is a non-linked, non-participating individual life insurance savings plan. It is designed for customers who want guaranteed policy benefits along with life cover during the policy term. The plan allows the policyholder to select a premium amount, premium-payment term, policy term and income configuration from the combinations available under the product. The official product page lists a minimum annualised premium of ₹30,000, with no upper limit subject to underwriting. Available premium-payment terms include 5, 6, 7, 8, 10, 12 and 15 years, depending on the selected option. Under Smart Income, guaranteed income can begin early, with the start year dependent on the chosen configuration. Under Regular Income, payouts begin after the policy term. Income periods can be 15, 20, 25 or 30 years depending on the option. The policy document describes an Enhanced Return of Premium of 110% of total base-plan premiums paid at the end of the income period for applicable configurations. Death benefit is available during the policy term and is paid as a lump sum according to the contract. The selected plan option, income start year, income period, premium-payment term, policy term and return-of-premium choice are important decisions; the official material states that these choices cannot be altered after selection. Optional riders may be available at additional cost. The current official brochure and personalised benefit illustration should be checked before purchase to confirm the available combinations, payout amounts, eligibility and policy conditions.
A non-linked savings plan with guaranteed income options, configurable premium-payment terms and an enhanced return-of-premium option under applicable variants.
Assured Wealth Goal Platinum may suit a buyer who values contractual guarantees and wants a planned income stream combined with life cover. Its key attraction is the ability to select when income starts and how long it continues, within the combinations allowed by the product. Smart Income is intended for customers who want payouts to begin early, while Regular Income begins after the policy term. The enhanced return-of-premium option can be useful for someone who wants a specified premium-linked amount at the end of the income period, but the exact cash flows must be assessed alongside the premiums paid. A headline guaranteed benefit is not enough to judge value: compare the total premium outlay, policy duration, income schedule, death benefit and final payout using the insurer’s illustration. Because the chosen configuration cannot be changed after inception, the income start year and income period should be selected carefully. Early surrender or discontinuance can affect the amount recovered, so this is not ideal for someone who may need quick access to the money. The plan includes life cover, but the amount should be assessed against family needs rather than assuming it replaces a separate term policy. Rider benefits cost extra and have their own definitions and exclusions. Review the current policy document for surrender values, paid-up provisions, exclusions and tax conditions before committing.
Bajaj Allianz Life
Key Insights
Founded
2001
Bajaj Allianz Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.2% CSR, calculated as a 3-year average
Bajaj Allianz Life settles 99.2% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-7272
Headquarters: Bajaj Allianz House, Airport Road, Yerawada, Pune, Maharashtra 411006, India
Benefits are guaranteed according to the selected option and the policy contract.
The actual payout depends on the chosen configuration and policy terms.
Under Smart Income, guaranteed income can begin early in the policy, with the start year determined by the selected configuration.
The official page describes income starting between the 1st and 8th policy year, depending on the option.
Under Regular Income, regular guaranteed payouts begin after the policy term and continue during the selected income period.
Confirm the selected policy term and income period in the personalised illustration.
The official product page lists premium-payment terms of 5, 6, 7, 8, 10, 12 or 15 years, depending on the chosen option.
Not every term is available with every plan configuration.
Income periods of 15, 20, 25 or 30 years are listed, subject to the selected variant and configuration.
Confirm the available period and payout schedule before purchase.
An optional rider that may provide an additional benefit if death results from an accident covered by the rider.
The covered event, eligibility, benefit amount and exclusions are governed by the rider document.
An optional rider designed to provide benefits for qualifying accidental disability events.
The definitions of covered disability and the payout conditions are specified in the rider contract.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
It is a non-linked, non-participating individual life insurance savings plan offering guaranteed benefits and life cover under the selected policy configuration.
The official product page states that the minimum annualised premium starts at ₹30,000, subject to the product terms and underwriting. Your actual premium depends on your selected configuration.
The official page lists 5, 6, 7, 8, 10, 12 and 15 years, depending on the selected option. Check the current brochure for the combinations available to you.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bajaj Allianz Life website before purchasing.
Official Website
bajajallianzlife.com
Visit the official Bajaj Allianz Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
An optional supplementary protection rider listed in the official policy document.
Check the current rider wording for covered events, eligibility and exclusions.
An optional rider that may waive eligible future premiums when a specified covered event occurs.
The triggering events and conditions are defined in the rider document.
Smart Income can start payouts early, with the start year depending on the selected configuration. Regular Income begins after the policy term. The exact schedule and amount should be checked in the benefit illustration.
The official product page lists income periods of 15, 20, 25 or 30 years, depending on the selected configuration.
The policy document describes an Enhanced Return of Premium of 110% of total base-plan premiums paid at the end of the income period for applicable configurations. Check the current wording for the exact calculation and eligibility.
Yes. A death benefit is available during the policy term and is payable according to the policy contract. Review the illustration for the exact sum assured on death.
The official product material states that the plan option, income start year, income period, premium-payment term, policy term and return-of-premium option cannot be changed after selection. Confirm the current policy wording before purchase.
Optional riders may be available at an additional cost, subject to product terms and eligibility. Each rider has its own definitions and exclusions.
No. It is described as a non-linked, non-participating savings plan. Benefits depend on the selected configuration and the policy contract, rather than direct equity-market performance.
Surrender is subject to the policy terms and the value acquired by the policy. Check the current policy document for surrender values and discontinuance consequences before buying.
Tax treatment depends on prevailing tax law and the policyholder meeting the relevant conditions. Consult a qualified tax adviser for your circumstances.