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/400-pages_bajaj-allianz-life-assured-wealth-goal-step-up-income_mobile_360x400-px-copy.webp?sfvrsn=d63251af_1 "Bajaj Allianz Life Assured Wealth Goal Step Up Income")
Bajaj Allianz Life Assured Wealth Goal Step Up Income
Many people want to increase their income for a variety of reasons, including to get out of debt, save for the future, have a financial cushion for emergency needs and simply live more comfortably.
And if your insurance-cum-investment plan offers you guaranteed increasing 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
Key benefits of the Bajaj Allianz Life Assured Wealth Goal – Step Up Income
Regular payouts increase every five years
Receive regular guaranteed^ payouts which increases at 10% of the first payout every five years for Income Period of 20 years.
Return of premium
At the end of the income period, get the sum of all the premiums back.
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 Step Up Income - Steps to Buy
How this works?
Decide premium amount and for how long you wish to pay
SMS CLAIMS to 5616181
Frequently Asked Questions
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, then the default first yearly Income Installment will be payable on 31st Dec 2032. The policy holder will have an option to prepone the Income Installment date upto 1st Jan 2032 (Maximum of 365 days within the Income Period).
No, the Increase in Income payouts is fixed at 10% of the first payout every five years for Income Period of 20 years and the policyholder doesn’t have the option to choose.
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