/axis-bank_rewamp-life-insuran-bajaj-allianz-life-assured-wealth-goal-360x400-mob2d4997ac-3914-4230-938b-f0a69cad1f85.webp "Bajaj Allianz Life Assured Wealth Goal Second Income")
Bajaj Allianz Life Assured Wealth Goal Second Income
Whether the goal is to achieve greater economic security and stability, or to increase purchasing power, the new normal is looking for ways to have multiple sources of income to fulfil your long-term goals.
And if your insurance cum investment plan offers you guaranteed payouts at regular intervals, you are on course to achieving those goals. Bajaj Allianz Life Assured Wealth Goal, a non-linked, non-participating, individual life insurance savings plan, is one such insurance-cum-investment plan that offers the assurance of regular income in the future.
Features & Benefits
Receive guaranteed^ income for up to 30 years
Receive regular guaranteed^ payouts for Income Period of 25/30 years.
Defer your income
The policyholder can choose to defer the Income period by up to 2 years
Return of premium
Option to get the sum of all the premiums back at the end of the income period
Choice of income payout date
Option to receive the income payouts at any special date of the year like birthday, wedding anniversary or any other date of your choice.
^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.
Bajaj Allianz Life Assured Wealth Goal Second Income - Steps to Buy
How this works?
- 01
Decide premium amount and for how long you wish to pay.
- 02
Choose deferment period and when to start receiving the income
- 03
Choose how long you want to receive the income
Important Links
Frequently Asked Questions
The Policyholder will have an option to wait for 0 /1 / 2 years after the end of Premium payment term to avail the Income payouts. This selection has to be done at the inception of the policy.
Yes, since the Income period is within the Policy term, there will be life cover during the Income period.
The maximum loan one can avail of under the plan is 80% of the surrendered value acquired at the time of availing of the loan.
The Policyholder can choose to prepone the Income payout for a period maximum up to 365 days within the Income period in case the Income payouts are received annually. In case of monthly income payouts, the preponement can be maximum up to 30 days still within the Income Period.
For Ex: - In case of yearly Income Instalments
A policy is issued on 1st Jan 2021 with a premium payment term of 10 years and deferment period of 1 year, then the default first yearly Income Installment will be payable on 31st Dec 2033.
The policy holder will have an option to prepone the Income Installment date upto 1st Jan 2033 (Maximum of 365 days within the Income Period).
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