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Bajaj Life Goal Assure IV is a unit-linked, non-participating individual life savings insurance plan designed to help policyholders invest toward long-term financial goals while maintaining life insurance protection. Premiums, after applicable charges and deductions, are allocated to the selected investment funds according to the policy terms and chosen investment strategy. The plan offers a choice of investment portfolio strategies and funds, allowing policyholders to align their investment approach with their goals and risk appetite. It also provides loyalty additions from the 10th policy year, a fund booster at maturity for eligible policy terms, and return of mortality charges at maturity subject to the policy conditions. The maturity benefit is linked to the applicable fund value, so the amount received depends on investment performance and applicable charges. This is a market-linked insurance product, not a guaranteed-return savings deposit. Policyholders should review the current official brochure, charges, investment risks, premium payment options and policy conditions before purchasing.
Loyalty additions, maturity fund booster and return of mortality charges subject to policy terms
Our assessment: Goal Assure IV combines life insurance protection with market-linked investing, making it relevant for people planning for long-term goals such as education, a home purchase or retirement. The availability of multiple funds and portfolio strategies offers flexibility, while loyalty additions and the maturity fund booster may add value when the applicable conditions are met. However, these benefits should not be confused with guaranteed investment returns. The fund value can rise or fall with market performance, and charges affect the amount invested and the eventual proceeds. ULIP rules also restrict withdrawals during the first five policy years. Buyers should compare the policy term, premium payment term, death-benefit structure, fund-management charges, other policy charges and surrender conditions before committing. The right choice depends on the buyer’s time horizon, ability to continue premiums and tolerance for investment risk. Refer to the latest official policy document for the binding terms and current eligibility conditions.
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
Provides life cover during the policy term, with the death benefit calculated according to the policy document.
The applicable death-benefit formula, minimum guarantees and conditions must be checked in the current policy document.
Premium allocation and investment performance determine the value of the policy funds, after applicable deductions and charges.
Investment returns are not guaranteed and the value can fluctuate with the market.
Policyholders can select from the investment funds available under the plan, subject to the current product rules.
Review each fund objective, risk profile and applicable fund-management charge.
The plan provides a choice of portfolio strategies to help align investment allocation with a policyholder’s objectives.
Available strategies and switching conditions are governed by the policy terms.
Loyalty additions may be allocated from the 10th policy year according to the applicable policy formula.
Eligibility and amounts depend on policy conditions; future additions should not be treated as a guaranteed return.
Eligible riders may be available for additional protection, depending on current product rules and underwriting.
Riders may require an additional premium. Confirm availability, eligibility, exclusions and charges with the insurer.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
Bajaj Life Goal Assure IV is a unit-linked, non-participating individual life savings insurance plan that combines life cover with market-linked investment funds.
No. It is a ULIP savings and investment-linked life insurance plan, not a pure term insurance plan.
No. The investment value depends on market performance and applicable charges. Loyalty additions, fund boosters and other benefits are subject to policy terms.
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)
A published starting figure is around ₹3,000 per month, but the actual minimum and payable premium depend on the current product configuration and insurer terms. Confirm the current brochure or official quote before purchasing.
The published product information lists a minimum entry age of 0 years and a maximum entry age of 60 years. Check the latest official product terms for the selected configuration.
Published product information lists a maximum maturity age of 75 years. The permitted policy term and maturity age depend on the applicable product conditions.
ULIPs generally have a five-year lock-in period. Complete or partial withdrawals are not available during this period, subject to applicable rules and policy terms.
The plan provides for loyalty additions from the 10th policy year, calculated according to the policy formula and eligibility conditions.
A fund booster may be added at maturity for eligible policies with a policy term of 10 years or more, subject to the policy terms.
The plan provides for return of eligible mortality charges at maturity, subject to the policy conditions. Refer to the current policy document for the exact calculation and eligibility.
The plan offers investment funds and portfolio strategies. The available options, allocation rules and charges should be checked in the current brochure.
Premiums and eligible policy proceeds may qualify for tax benefits under prevailing law. Eligibility depends on current tax rules, policy conditions and personal circumstances.