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Bajaj Life Guaranteed Wealth Goal is a non-linked, non-participating individual life insurance savings plan. It is designed for people who want predetermined policy benefits rather than returns linked to market movements. The product offers three variants: Wealth Creation, Assured Income and Second Income. Wealth Creation is intended for building a guaranteed maturity corpus, while Assured Income and Second Income are designed around scheduled payouts and provide options for return of premium under the applicable terms. The plan also provides life cover during the policy term. The policyholder selects the variant, premium-payment term, policy term, life-cover multiple and other applicable options at inception. The official product page states that premiums start at ₹30,000 per year and that premium-payment terms range from 2 to 12 years, depending on the selected configuration. For the income variants, available income periods and return-of-premium options depend on the chosen variant and policy configuration. The official page describes return-of-premium choices ranging from 50% to 300% for eligible income variants. Optional riders may be available at an additional cost. Guaranteed benefits are subject to the policy terms, selected variant, premium-payment term and other applicable conditions. Tax treatment depends on the prevailing law and the policyholder’s eligibility; tax-free treatment should not be assumed without checking the applicable conditions.
A non-linked savings life insurance plan with Wealth Creation, Assured Income and Second Income options, guaranteed benefits and optional return of premium.
Guaranteed Wealth Goal may suit buyers who value predictable policy benefits and want to combine savings with life cover. Its three variants address different objectives: building a maturity corpus, receiving scheduled income, or planning a second stream of income. The ability to choose a premium-payment term and, for eligible income variants, a return-of-premium option provides some flexibility in structuring the policy. However, guaranteed benefits do not automatically make a policy the best choice for every saver. The actual payout, effective return and suitability depend on the selected variant, policy term, premium, income period, return-of-premium choice and the timing of cash flows. Compare the insurer’s personalised benefit illustration with the total premiums payable before buying. Also review surrender and paid-up rules, since leaving a long-term policy early may produce a less favourable outcome than continuing it. The plan includes life cover, but the amount of protection should be assessed separately against the family’s needs; savings-oriented life insurance should not automatically be treated as a replacement for adequate pure protection. Optional riders increase cost and should be chosen only when their additional cover is useful. Finally, tax benefits depend on current law and individual eligibility. Do not rely on a headline return or a generic premium estimate in place of the official illustration and policy document.
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
The plan offers Wealth Creation, Assured Income and Second Income variants to support different savings and income objectives.
Benefits and options differ by variant. Check the applicable benefit illustration.
Benefits specified under the selected policy configuration are guaranteed according to the contract and are not directly linked to equity-market performance.
Guarantees apply only as described in the policy document and selected variant.
The Wealth Creation variant is designed to provide a guaranteed maturity benefit under the chosen policy configuration.
Review the illustrated maturity amount, policy term and premiums before purchase.
The Assured Income variant is designed for scheduled guaranteed income and offers return-of-premium choices under applicable terms.
Payout amounts, timing and return-of-premium conditions depend on the selected configuration.
The Second Income variant is designed to provide scheduled income at a later stage under the chosen policy configuration.
Confirm the deferment, income period and payout schedule in the personalised illustration.
An optional rider that may provide additional protection for covered health-related events, subject to the rider contract.
Additional premium, eligibility, definitions and exclusions apply.
An optional rider that may provide an additional benefit for death caused by a covered accident.
Accident definitions, exclusions, cover limits and eligibility are governed by the rider document.
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. It offers Wealth Creation, Assured Income and Second Income variants, with benefits determined by the selected policy configuration.
The three variants are Wealth Creation, Assured Income and Second Income. Wealth Creation is intended for a guaranteed maturity corpus, while the income variants are designed around scheduled payouts. Check the current brochure for the detailed benefits available under each variant.
The official product page states that the premium starts from ₹30,000 per year. This is a starting figure, not a personalised quote. Your actual premium depends on the selected variant, cover and policy configuration.
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 rider intended to provide benefits for qualifying accidental disability events.
Covered disability definitions, benefit structure and exclusions apply.
An optional rider that may pay a benefit for specified critical illnesses when the contract conditions are met.
Covered illnesses, survival periods, waiting periods and exclusions must be checked in the rider document.
An optional rider that may waive eligible future premiums after a specified covered event.
The triggering events and conditions are defined in the rider contract.
An optional rider that can add specified supplementary protection to the base policy.
Benefits, availability, exclusions and additional cost depend on the rider terms.
The official product page lists premium-payment terms from 2 to 12 years, depending on the chosen configuration. Confirm which terms are available for your selected variant before buying.
For eligible Assured Income and Second Income configurations, the official product page describes return-of-premium options from 50% to 300%. The applicable amount, timing and conditions depend on the variant and policy terms.
Yes. The plan provides life cover during the policy term. The amount payable on death depends on the policy contract and the configuration selected at inception. Check the personalised illustration for the exact benefit.
The official product page lists optional riders, including family protection, accidental death, accidental disability, critical illness, waiver of premium and Care Plus. Riders cost extra and have separate terms, eligibility requirements and exclusions.
No. Guaranteed Wealth Goal is described as a non-linked, non-participating savings plan. Its contractual guaranteed benefits are not directly linked to equity-market performance. The exact benefit amounts depend on the chosen configuration.
No. It may suit buyers who value contractual guarantees and can keep the policy for the required term. Buyers who need liquidity, flexible access to savings or a different level of life cover should compare alternatives and review the policy illustration before deciding.
The insurer describes tax benefits subject to applicable law and conditions. Tax treatment depends on the policy and the policyholder’s eligibility and may change. Consult a qualified tax adviser rather than assuming every payout is tax-free.
Surrender and loan provisions depend on the policy terms and whether the policy has acquired the required value. Check the current policy document for eligibility, surrender values, loan limits and applicable interest before relying on either facility.
Use the insurer’s current product brochure, policy document and personalised benefit illustration. These documents explain the benefits and conditions for your selected variant, premium-payment term, policy term and return-of-premium option.